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BNY Mellon ADR Index Monthly Performance Review is Now Available
November 1, 2010--BNY Mellon ADR Index Monthly Performance Review has been updated and is now available.
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Source: BNY Mellon
U.S. Department of the Treasury Treasury International Capital System (TIC) Homepage Update
November 1, 2010--The U.S. Department of the Treasury Treasury International Capital System (TIC) Homepage has been updated.
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Source: U.S. Department of the Treasury
Vanguard adds Global ex-U.S. Real Estate Index Fund and ETF
November 1, 2010--Vanguard today introduced a new international real estate index fund with traditional and exchange-traded fund (ETF) shares, further rounding out our offerings across multiple asset classes.
Vanguard Global ex-U.S. Real Estate Index Fund is benchmarked to the S&P Global ex-U.S. Property Index. It will invest in real estate investment trusts (REITs) and real estate operating companies (REOCs) in developed and emerging markets excluding the United States.
The Global ex-U.S. Real Estate Index Fund and ETF will complement Vanguard REIT Index Fund, which holds U.S. real estate securities.
"Modest exposure to real estate investments in a broadly diversified investment portfolio can help moderate overall portfolio volatility and serve as a hedge against inflation," Vanguard Chief Investment Officer Gus Sauter said. "With international real estate securities representing a growing portion of the overall real estate market, a counterpart to our domestic REIT Index Fund is a natural addition to our index fund lineup."
ProShares files with the SEC
November 1, 2010--ProShares has filed a registration statement with the SEC for
ProShares Hedge Replication ETF.
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Source: SEC.gov
iShares files with the SEC
November 1. 2010--iShares has filed a post effective amendment, registration statement with the SEC for iShares MSCI Russia Capped Index Fund.
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Source: SEC.gov
PIMCO Launches Broad U.S. Treasury Index Fund
'TRSY' Broadens Access to U.S. Treasuries in Efficient ETF Format
November 1, 2010-- PIMCO, a leading global investment solutions provider, has launched the PIMCO Broad U.S. Treasury Index Fund (Ticker: TRSY) to offer investors exposure to the broad U.S. Treasury yield curve via an Exchange Traded Fund (ETF).
"PIMCO has designed TRSY as a single ETF providing exposure to the broad U.S. Treasury yield curve," said Vineer Bhansali, managing director and portfolio manager of the new ETF. "The fund seeks to be a convenient and efficient alternative to investing in individual U.S. Treasury securities."
The PIMCO Broad U.S. Treasury Index Fund aims to achieve the yield, duration and capital preservation inherent in The BofA Merrill Lynch Liquid US Treasury Index(SM). The ETF structure allows for trading and pricing throughout the day and has the same expense ratio for all investors, regardless of size. Also, ETF fund shares are publicly traded, offering accessibility to any investor who can access a major stock exchange.
Potential benefits of this fund include:
Convenient and efficient exposure to the broad U.S. Treasury yield curve.
Access to the entire spectrum of Treasuries with one fund rather than multiple Treasury ETFs or individual securities.
A liquid basket that includes the three most recently issued 2-year, 3-year, 5-year, 7-year, 10-year, and 30-year U.S. Treasury notes and bonds (including "on-the-run issues," or those securities most recently issued).
Source: PIMCO
UBS Announces New Energy Exchange Traded Note Linked to the Wells Fargo® MLP Index
November 1, 2010--UBS Investment Bank announced today that it has added to its suite of UBS E-TRACS Exchange Traded Notes (ETNs) with the new UBS E-TRACS linked to the Wells Fargo® MLP Index due October 29, 2040. It began trading today on NYSE Arca under the ticker symbol, MLPW, and provides investors a way to gain exposure to the Master Limited Partnership (MLP) energy sector.
“We are excited to bring this 17th UBS E-TRACS ETN to market,” said Christopher Yeagley, Managing Director and US Head of Equity Structured Products. “This is our fifth ETN based on Master Limited Partnerships, and rounds out our suite of energy MLP products. UBS E-TRACS now offers ETNs linked to both the Infrastructure and Natural Gas components of the energy MLP market, short exposure to energy MLPs, leveraged exposure to energy MLPs, and now broad exposure to the MLP energy market.”
Master Limited Partnership is a publicly traded limited partnership that has certain tax advantages of a partnership for the holder of the MLP. The UBS E-TRACS Wells Fargo® MLP Index is linked to the Wells Fargo® MLP Index and pays a variable quarterly coupon linked to the cash distributions associated with the MLP constituents of the Index, less investor fees. The payment at maturity or upon earlier redemption or call by UBS is linked to the performance of the Index.
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Source: UBS
U.S. Department of the Treasury TIC Annual and Benchmark Surveys Update
Noevember 1, 2010--The U.S. Department of the Treasury TIC Annual and Benchmark Surveys have been updated and is now available.
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Source: U.S. Department of the Treasury
Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues to Meet
October 29, 2010--The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) will hold a public meeting of the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues on November 5, 21010, from 9:00 am to 12:00 pm, to:
Receive a summary and recap from the staffs of the CFTC and SEC on the report issued September 30, 2010;
hear a report from the subcommittee on cross-market linkages;
hear a report from the subcommittee on pre-trade risk management; and
discuss potential recommendations and responses.
The meeting will be held in the Lobby Level Hearing Room at the CFTC’s Headquarters. Three Lafayette Centre, 1155 21st Street, NW, Washington, D.C.
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Source: CFTC.gov
U.S. International Reserve Position
October 29, 2010--The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $135,793 million as of the end of that week, compared to $136,532 million as of the end of the prior week.
I. Official reserve assets and other foreign currency assets (approximate market value, in US millions)
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October 22, 2010 |
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A. Official reserve assets (in US millions unless otherwise specified) 1 |
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135,793 |
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(1) Foreign currency reserves (in convertible foreign currencies) |
Euro |
Yen |
Total |
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(a) Securities |
9,862 |
15,950 |
25,813 |
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of which: issuer headquartered in reporting country but located abroad |
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0 |
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(b) total currency and deposits with: |
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(i) other national central banks, BIS and IMF |
14,576 |
7,837 |
22,413 |
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ii) banks headquartered in the reporting country |
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0 |
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of which: located abroad |
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0 |
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(iii) banks headquartered outside the reporting country |
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0 |
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of which: located in the reporting country |
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0 |
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(2) IMF reserve position 2 |
13,058 |
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(3) SDRs 2 |
58,347 |
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(4) gold (including gold deposits and, if appropriate, gold swapped) 3 |
11,041 |
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--volume in millions of fine troy ounces |
261.499 |
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(5) other reserve assets (specify) |
5,120 |
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--financial derivatives |
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--loans to nonbank nonresidents |
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--other (foreign currency assets invested through reverse repurchase agreements) |
5,120 |
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B. Other foreign currency assets (specify) |
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--securities not included in official reserve assets |
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--deposits not included in official reserve assets |
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--loans not included in official reserve assets |
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--financial derivatives not included in official reserve assets |
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--gold not included in official reserve assets |
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--other |
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Source: U.S. Department of the Treasury