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CFTC/SEC Staffs to Host Joint Public Roundtable to Discuss Issues Related to the Clearing of Credit Default Swaps

October 18, 2010--— The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) staffs will hold a public roundtable on October 22, 2010, from 9:00 am to 12:00 pm, to discuss issues related to the clearing of credit default swaps. The roundtable will assist both agencies in the rulemaking process to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The roundtable will be held in the Lobby Level Hearing Room at the CFTC’s Headquarters, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC. The discussion will be open to the public with seating on a first-come, first-served basis. Members of the public may also listen by telephone and should be prepared to provide their first name, last name and affiliation.

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Source: CFTC.gov


WisdomTree Emerging Markets Equity Income Fund (DEM) Receives 5-Star Overall Morningstar Rating TM

October 18, 2010--WisdomTree (Pink Sheets: WSDT - News), an exchange-traded fund (“ETF”) sponsor and asset manager, announced today that the WisdomTree Emerging Markets Equity Income Fund (DEM) recently received a 5-Star overall rating from Morningstar, Inc for three-year performance 2 and outperformed the MSCI Emerging Markets Index by 6.77% based on Net Asset Value (NAV) since its inception as of September 30, 2010.

DEM is a dividend-weighted ETF tracking the WisdomTree Emerging Markets Equity Income Index. (DEM ranked third out of 308 funds in the Morningstar U.S. Open End Diversified Emerging Markets Universe over a three year period)

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Source: Wisdom Tree


State Street Introduces New Exchange Traded Fund Servicing Capability to Help ETF Providers Streamline ETF Orders

October 18, 2010--State Street Corporation (NYSE: STT), one of the world’s leading providers of financial services to institutional investors, announced today that it has launched a new service for the Exchange Traded Fund (ETF) market to help clients process ETF orders more efficiently and in an automated and streamlined fashion. As ETFs have continued to grow in popularity and in number, the complexity involved in servicing ETFs has increased significantly.

ETFs currently account for more than $1 trillion in global assets under management and remain an efficient, low-cost, transparent and tax-friendly investment tool. With State Street’s Assisted Trading service, authorized participants, typically market makers or specialists who obtain the underlying assets to create ETFs, can simultaneously enter the ETFs they want to trade and identify any restricted shares via State Street’s FundConnect platform. Restricted shares are securities that are not eligible for proprietary trading and change daily based on underwriting, mergers, investments and other activities. Previously, the method for identifying restricted shares within ETFs was manual and intensive. Using this capability, the restricted shares are segregated and sent to State Street Global Markets, the company’s investment research and trading arm, to be traded. This process ensures that the authorized participant is completely in compliance with all regulatory and exchange requirements when trading ETFs.

“Since 1993, State Street has differentiated itself among other ETF service providers through its leading-edge technology, consultative client approach and flexible servicing model to service ETFs,” said Frank Koudelka, senior vice president at State Street Global Services. “Our new offering automates the way in which clients handle restricted securities, making it a seamless process with a clear audit trail that facilitates compliance with regulatory requirements.”

The Assisted Trading service is accessed through FundConnect, State Street’s online trading platform for ETFs, which is integrated with State Street’s transfer agency recordkeeping platform. The transfer agent releases the approved orders to the ETF accounting platform and the depository via DTCC Fast.

Source: State Street


State Street Global Advisors-ETF SNAPSHOT: SEPTEMBER 2010

October 18, 2010--As of September 30, 2010, 942 ETFs—with assets totaling approximately $885BN—were managed by 33 ETF managers.
ETF industry assets rose $84.8BN for the month, up 10.6%.

ETF Industry Detail

ASSET CLASSES ? OVERALL

The S&P 500® Index rose 8.9% while MSCI EAFE® Index gained 9.8%. U.S. Bonds were relatively flat with the Barclays U.S. Treasury Index gaining 0.02% and the Barclays U.S. Aggregate Index climbing 0.11%. Gold rose 4.9% to $1,307 per ounce.

Gains in the Size and International categories accounted for the majority of the total gain in ETF AUM.

The Dividend/Fundamental category climbed 20.4%, or $4.1BN.

Year-to-date, areas with significant positive asset growth are Commodities: up $16.4BN, Fixed Income: up $33.1BN, and Dividend/Fundamental: up $8.5BN.

SIZE/STYLE

Large Cap assets rose $25.8BN, followed by Mid Cap, up $3.1BN.

SECTOR

Technology, Energy, and Materials each rose more than $1BN in absolute terms.

MANAGER AND FUND DETAIL

The top three managers in the US ETF marketplace were: BlackRock, State Street, and Vanguard. Collectively, they accounted for approximately 84.0% of the US-listed ETF market.

For more detail , please visit www.spdrs.com.

Source: State Street Global Advisors


ETF Securities said on Monday its U.S.-listed palladium exchange-traded product broke above $500 million in assets under management, reflecting investor demand for precious metals other than gold.

October 18, 2010-- Commenting on the AUM milestone for PALL; William Rhind, Strategic Director for ETFS Marketing LLC, said:

"PALL reaching $500m is another strategic milestone for ETF Securities in the US market. The interest in both PALL and its sister product, PPLT (Platinum) may indicate investors are looking to diversify their portfolios to hold more precious metals than just Gold”

ETFS Platinum Trust and ETFS Palladium Trust

The objective of the ETFS Platinum Trust’s (PPLT) shares reflect the performance of the price of Platinum, less the Trust’s expenses. The Trust is open ended and is designed for investors who want a cost-effective (1) and convenient (2) way to invest in Platinum as well as diversify their precious metal holdings. Both products have an expense ratio of 0.60% per annum. (3) The objective of the ETFS Palladium Trust’s (PALL) shares reflect the performance of the price of Palladium, less the Trust’s expenses. The Trust is open ended and is designed for investors who want a cost-effective (1) and convenient (2) way to invest in Palladium as well as diversify their precious metal holdings.

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Source: ETF Securities


US ETF Weekly Update-Morgan Stanley

October 18, 2010--Weekly Flows: $6.1 Billion Net Inflows
ETFs Traded $325 Billion Last Week
Launches: 1 New ETF
iSharesSemiconductor ETF Undergoes Changes
First Trust Ownership Transitioning


US-Listed ETFs: Estimated Flows by Market Segment

For the seventh week in a row, ETFs generated net inflows —$6.1 blnlast week
Weekly net inflows driven by US Large-Cap & Emerging Market Equities ($4.2 blnfor the week combined)
ETF assets stand at $928 bln; up 19% YTD

13-week flows were mostly positive among asset classes
$44.3 bln net inflows into ETFs over 13 weeks (41% into EM Equities)
We estimate ETFs have posted net inflows 29 out of 41 weeks YTD

US-Listed ETFs: Estimated Largest Flows by Individual ETF
SPY posted net inflows of $1.8 blnlast week, the most of any ETF
Despite SPY’snet inflows last week, we estimate YTD the fund has posted net outflows of $5.7 bln
Over 13-wk period, EM Equity ETF (VWO) has taken in most new money ($7.3bln)

US-Listed ETFs: ETF Dollar Volume
Market share of mthly ETF volume as % of listed volume has more than doubled over 5 yrs
US Large-Cap accounts for 43% weekly ETF volume, but only has 21% of market cap
Fixed Income accounts for only 3% weekly ETF volume, but has 15% of market cap

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Source: ETF Research-Morgan Stanley


Treasury International Capital data for August 2010.

October 18, 2010-- The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for August 2010. The next release, which will report on data for September 2010, is scheduled for November 16, 2010.
Net foreign purchases of long-term securities were $128.7 billion.
Net foreign purchases of long-term U.S. securities were $136.6 billion. Of this, net purchases by private foreign investors were $113.1 billion, and net purchases by foreign official institutions were $23.5 billion.

U.S. residents purchased a net $7.9 billion of long-term foreign securities. Net foreign acquisition of long-term securities, taking into account adjustments, is estimated to have been $111.8 billion.

Foreign holdings of dollar-denominated short-term U.S. securities, including Treasury bills, and other custody liabilities increased $29.7 billion. Foreign holdings of Treasury bills increased $29.1 billion.

Banks' own net dollar-denominated liabilities to foreign residents decreased $102.6 billion.

Monthly net TIC flows were $38.9 billion. Of this, net foreign private flows were $5.3 billion, and net foreign official flows were $33.6 billion.

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Source: U.S. Department of the Treasury


CME Group Begins Clearing OTC Interest Rate Swaps

October 18, 2010-- CME Group, the world's leading and most diverse derivatives marketplace, announced today that it has begun clearing over-the-counter (OTC) interest rate swaps through CME Clearing.

In conjunction with a group of premier swap dealers, clearing firms, and buy-side market participants, CME Group has developed a new clearing solution for OTC interest rate swaps. The buy-side participants are BlackRock, Citadel, Fannie Mae, Freddie Mac, and PIMCO. The sell-side participants are BofA Merrill Lynch, Barclays Capital, Citi, Credit Suisse, Deutsche Bank, Goldman Sachs, J.P. Morgan, Morgan Stanley, Nomura and UBS.

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Source: CME Group


Treasury Department Statement Regarding Decision to Delay The International Economic and Exchange Rate Policies Report to Congress

October 15, 2010-- Secretary of the Treasury Timothy Geithner recognized China's actions since early September to accelerate the pace of currency appreciation, while noting it is important to sustain this course.

Since June 19, 2010, when China announced it would renew the reform of its exchange rate and allow the exchange rate to move higher in response to market forces, the Chinese currency has appreciated by roughly 3 percent against the U.S. dollar. Since September 2, 2010, the pace of appreciation has accelerated to a rate of more than 1 percent per month. If sustained over time, this would help correct what the IMF has concluded is a significantly undervalued currency.

By continuing to implement reforms to strengthen domestic demand and by allowing the exchange rate to move higher to reflect fundamental economic forces, China will make a significant positive contribution to the global rebalancing effort, help reduce pressure on those emerging market economies that have more flexible exchange rates, and provide a more level playing field for trading partners around the world.

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Source: U.S. Department of the Treasury


Joint Statement of Timothy Geithner, Secretary of the Treasury, and Jeffrey Zients, Acting Director of the Office of Management and Budget, on Budget Results for Fiscal Year 2010

October 15, 2010--– U.S. Treasury Secretary Tim Geithner and Office of Management and Budget (OMB) Acting Director Jeffrey Zients today released details of the final fiscal year (FY) 2010 budget results.

In making the announcement, Geithner and Zients underscored the Administration's commitment to getting Federal finances back on a sustainable path and ending emergency programs that proved instrumental to reviving growth while beginning the process of bringing down our deficit. As a result, our fiscal outlook, which remains challenging, has improved over the past year.

Due to careful stewardship of the emergency programs, their effect on the deficit was much smaller than previously estimated. The Troubled Asset Relief Program (TARP) had outlays of just $9.0 billion in FY 2010, which was $25.9 billion or 74 percent below previous estimates from July 2010. Aid to Fannie Mae and Freddie Mac was $52.6 billion in FY 2010 – $16.4 billion or 24 percent less than the most recent forecast. This played a large part in reducing the deficit, which as a percentage of gross domestic product (GDP) fell to 8.9 percent, down from 10.0 percent of GDP in FY 2009. This improvement – 1.1 percent of GDP – was the most rapid one-year improvement since FY 1987.

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view 2010 Budget Receipts by Source (table 2) and 2010 Budget Outlays by Agency (table 3)

Source: U.S. Department of the Treasury


SEC Filings


July 03, 2025 ARK ETF Trust files with the SEC-4 ARK Q Defined Innovation ETFs
July 03, 2025 Tidal Trust II files with the SEC-YieldMax(R) SCHD DoubleDiv(TM) ETF
July 03, 2025 iShares Trust files with the SEC-iShares Large Cap 10% Target Buffer Mar ETF
July 03, 2025 iShares Trust files with the SEC-iShares Large Cap 10% Target Buffer Jun ETF
July 03, 2025 iShares Trust files with the SEC-iShares Large Cap 10% Target Buffer Sep ETF

view SEC filings for the Past 7 Days


Europe ETF News


June 16, 2025 ESMA's activities in 2024 focused on strengthening the EU capital markets and putting citizens and businesses at the heart of it
June 12, 2025 Janus Henderson launches active fixed income ETF
June 12, 2025 ifo Institute Raises Growth Forecast for Germany
June 10, 2025 ESMA publishes latest edition of its newsletter
June 06, 2025 Active ETF fever grips selectors-is the end in sight for mutual funds?

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Asia ETF News


July 02, 2025 Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 13, 2025 Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025 Unlocking Consumption to Sustain Growth in China -World Bank Economic Update

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Global ETP News


July 03, 2025 Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective
June 14, 2025 Global Economic Prospects-Global Economy Faces Trade-Related Headwinds
June 12, 2025 Disclosing Public Debt Boosts Investor Confidence, Cuts Borrowing Costs 
June 10, 2025 Global Economy Set for Weakest Run Since 2008 Outside of Recessions

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Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

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Africa ETF News


June 24, 2025 East Africa's regional 20 share index
June 16, 2025 African Credit Rating Agency to Launch September 2025
May 27, 2025 African Economic Outlook 2025-Africa's short-term outlook resilient despite global economic and political headwinds

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ESG and Of Interest News


June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale
June 03, 2025 The Longevity Dividend

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White Papers


May 30, 2025 IMF Working Paper-Interest Rate Sensitivity Scenarios to Guide Monetary Policy

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