Americas ETP News

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Huntington Asset Advisors files with the SEC

October 21, 2010-Huntington Asset Advisors has filed an amended and restated application for exemptive relief with the SEC. Applicants request that the relief requested herein extend to any future series of the Trust and to any other open-end investment company or series thereof that is an actively managed exchange-traded fund (“ETF”) (“Future Funds”).

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Source: SEC.gov


Huntington Asset Advisors files with the SEC

October 21, 2010--Huntington Asset Advisors has filed an amended and restated Application application for exemptive relief with the SEC.

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Source: SEC.gov


Fannie & Freddie ‘could cost US $363bn’

October 21, 2010--Fannie Mae and Freddie Mac, the government-owned mortgage finance companies, could cost US taxpayers as much as $363bn to the end of 2013, according to their regulator, less than some of the worst-case scenarios circulated by critics of the agencies, but more than projections by the White House.

Since they were rescued by the government in 2008, Fannie Mae and Freddie Mac have drawn $148bn from the US Treasury to stay afloat as losses on bad loans underwritten during the housing boom turned bad at a record pace.

In August, the Congressional Budget Office said Fannie and Freddie would need $390bn in federal subsidies to the end of 2019. The White House’s Office of Management and Budget had in February estimated the cost to be as little as $160bn for the same period, providing the economy continued to strengthen.

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Source: FT.com


Transatlantic clearing war set to get hotter

October 21, 2010--A transatlantic battle in the derivatives business is poised to heat up after LCH.Clearnet, the UK-based clearing house, said it would launch clearing of a vast untapped section of the interest rate swaps markets “in the next few weeks”.

The disclosure comes a week after rival CME Group, which owns the Chicago Mercantile Exchange, said it had started clearing interest rate swaps.

It will provide a boost to LCH.Clearnet, which has pinned much of its hopes for growth on cracking the US market for interest rate swaps clearing as it is losing customers in cash equities clearing in Europe.

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Source: FT.com


BM&FBOVESPA posts record financial volume in ETF BOVA11 funds

Financial volume reaches BRL71.67 million in ETF BOVA11, totaling 1,029,790 lots in 1,457 trades at an average price of BRL69.59
October 20, 2010-- BM&FBOVESPA recorded a record financial volume on Wednesday in ETF BOVA11 Exchange Traded Funds for the Ibovespa index, at BRL71 million. The previous record was BRL65.87 million, on January 21.

There were 1,029,790 BOVA11 round lots traded on Wednesday, at an average price of BRL69.59, in 1,457 trades. Trades in PIBB11, SMALL11, MOBI11 and CSMO11 reached financial volumes of BRL1.77 million, BRL1.17 million, BRL1.75 million and BRL 67,780, respectively.

ETFs
ETFs are funds which mirror indexes and their units are traded on the Exchange just like shares. When investors buy the units of any given ETF, they become holders of all the component shares of the index which that ETF replicates without having to buy the shares of each company in the index separately. There are currently seven index funds (ETFs) trading at BM&FBOVESPA: BOVA11, SMAL11, MILA11 PIBB11, BRAX11, CSMO11 and MOBI11.They track the Bovespa, Small Cap, MidLarge Cap and IBrX-50, IBrX-100, Índice de Consumo and Índice Imobiliário, indices respectively.

Source: BM&FBOVESPA


BNY Mellon OnCoresm Service Integrates Middle-Office and Data Management Solutions for Investment Managers

October 20, 2010--BNY Mellon Asset Servicing, the global leader in securities servicing, has recently announced its newly named outsourcing service, BNY Mellon OnCore, which provides an integrated offering for investment managers, combining technology and operations to deliver a sophisticated suite of middle-office and data management solutions.

The OnCore service and platform combines our Asset Servicing capabilities around trade processing, data warehousing, accounting, and performance measurement to provide a comprehensive solution to our clients. Our OnCore offering spans the continuum of investment operations solutions from traditional software installation to ASP hosting models to full business process outsourcing.

For more information, contact +1-203-614-0800 or visit www.argainvest.com.

Source: BNY Mellon


Claymore files with the SEC

October 20, 2010--Guggenheim Funds Investment Advisors, LLC (formerly, Claymore Advisors, LLC) has filed an application for exemptive relief with the SEC.

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Source: SEC.gov


BlackRock dismisses ETF price war concerns

October 20, 2010--BlackRock has felt little impact from the price war currently being fought by US exchange traded fund providers, according to Larry Fink, chief executive of the world’s largest asset manager.

“Fees are a consideration and may be a bigger driver, possibly in the future,” said Mr Fink. “[But] we are not seeing industry-wide pressure at all.”

Mr Fink said BlackRock’s “experiment” in lowering fees on its gold ETF had led to increased inflows but “only a fraction of what we expected”

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Source: FT.com


U.S. International Reserve Position

October 20, 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 $136,532 million as of the end of that week, compared to $135,631 million as of the end of the prior week.

I. Official reserve assets and other foreign currency assets (approximate market value, in US millions)

 

 

 

October 15, 2010

A. Official reserve assets (in US millions unless otherwise specified) 1

 

 

136,532

(1) Foreign currency reserves (in convertible foreign currencies)

Euro

Yen

Total

(a) Securities

9,964

15,986

25,950

of which: issuer headquartered in reporting country but located abroad

 

 

0

(b) total currency and deposits with:

 

 

 

(i) other national central banks, BIS and IMF

14,674

7,852

22,526

ii) banks headquartered in the reporting country

 

 

0

of which: located abroad

 

 

0

(iii) banks headquartered outside the reporting country

 

 

0

of which: located in the reporting country

 

 

0

 

 

(2) IMF reserve position 2

13,142

 

 

(3) SDRs 2

58,720

 

 

(4) gold (including gold deposits and, if appropriate, gold swapped) 3

11,041

--volume in millions of fine troy ounces

261.499

 

 

(5) other reserve assets (specify)

5,154

--financial derivatives

 

--loans to nonbank nonresidents

 

--other (foreign currency assets invested through reverse repurchase agreements)

5,154

B. Other foreign currency assets (specify)

 

--securities not included in official reserve assets

 

--deposits not included in official reserve assets

 

--loans not included in official reserve assets

 

--financial derivatives not included in official reserve assets

 

--gold not included in official reserve assets

 

--other

 

 

 

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Source: U.S. Department of the Treasury


IMF's Western Hemisphere Regional Economic Outlook Shows Domestic Demand Leading Recovery in Many Latin American Countries; Risk of Overheating Must be Watched

October 19, 2010--Two years after the onslaught of the global financial crisis, some countries in the Western Hemisphere are growing at a pace that is second only to emerging Asia, according to the latest Regional Economic Outlook from the International Monetary Fund (IMF). Growth in many economies appears to be self-sustained and based on robust domestic demand, meaning their near-term prospects are positive even if recovery in advanced economies continues to be sluggish, says the IMF's Western Hemisphere: Heating up in the South, Cooler in the North, which was launched today in Bogotá in a seminar hosted by the Central Bank of Colombia.

Real GDP in the Latin America and Caribbean region is set to expand by 5.7 percent in 2010 and 4 percent in 2011. Within the region, countries are performing at different paces. Most commodity-exporting countries in South America enjoy very favorable external conditions––high international commodity prices and easy access to international finance ––and growth in some countries is projected to exceed 7 percent this year. Central American economies have kept a positive, but more moderate rate of growth (averaging about 3 percent in 2010), reflecting their greater linkages to the slower-growing U.S. economy. For most Caribbean countries, recovery is only beginning and prospects are still limited by high levels of public debt and weak tourism demand from the U.S. and other advanced economies.

"The marked heterogeneity across the region means varied challenges for economic policy formulation," Nicolas Eyzaguirre, Director of the IMF’s Western Hemisphere Department, said. "For most of South America, it is all about the risks of too much of a good thing, to avoid possible excesses of demand and finance. In Central America, governments have to continue to be prudent, to rebuild their defenses and continue pursuing reforms to boost competitiveness. Caribbean countries generally have no space for fiscal stimulus due to their high debts and still have to push ahead with fiscal consolidation plans."

Robust Domestic Demand

One of the most significant findings of the Regional Outlook is how domestic demand has been strengthening in the fastest-growing countries in South America. For such countries, the strength and momentum of domestic demand are likely to dominate their near-term growth prospects, provided advanced economies do not suffer any major setbacks. That is a different reality from the United States, where the recovery so far has been dependent on policy stimulus.

As commodity prices are expected to remain high, the commodity-exporting countries will benefit from strong export earnings. At the same time, those with stronger fundamentals and track records of sound policies will have ample access to foreign financing on easy terms. While those economies stand to benefit from low global interest rates and increased liquidity, policymakers must be alert to the risks of excesses. "Demand needs to moderate in these countries," said Mr. Eyzaguirre, "or they may risk experiencing overheating, inflation and widening current account deficits."

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view Regional Economic Outlook: Western Hemisphere Heating Up in the South, Cooler in the North report

Source: IMF


SEC Filings


September 09, 2025 Man ETF Series Trust files with the SEC-Man Active High Yield ETF and Man Active Income ETF
September 09, 2025 Tema ETF Trust files with the SEC-Tema International Durable Quality ETF
September 09, 2025 AIM ETF Products Trust files with the SEC-AllianzIM U.S. Equity Buffer5 ETF
September 09, 2025 AIM ETF Products Trust files with the SEC-AllianzIM Growth-100 Buffer5 ETF and AllianzIM Growth-100 Buffer15 ETF
September 09, 2025 AIM ETF Products Trust files with the SEC-AllianzIM International Equity Buffer5 ETF and AllianzIM International Equity Buffer15 ETF

view SEC filings for the Past 7 Days


Europe ETF News


September 04, 2025 Global X Launches Two High Dividend ETFs, Tracking Solactive European and United Kingdom SuperDividend Indices
September 03, 2025 The T+1 Thursday conundrum pushing instantaneous settlement on traders
September 01, 2025 ETF and ETP Listings on September 1, 2025, new on Xetra and Borse Frankfurt
August 29, 2025 21Shares Launches First ETP Tracking Hyperliquid, the Market Leader in Decentralized Perpetuals
August 27, 2025 ETF and ETP Listings on August 27, 2025, new on Xetra and Borse Frankfurt

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Asia ETF News


September 08, 2025 Samsung Securities Launches Two ETNs Tracking Solactive China Mobility Top 5 Hedged to KRW Index and AI Tech Top 5 Hedged to KRW Index in First Collaboration with Solactive
September 03, 2025 SGX Securities Welcomes The Listing Of SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF
September 03, 2025 BTIG Begins Offering Access To Tokyo Stock Exchange's CONNEQTOR Platform
September 03, 2025 Exclusive: US trading firm Jane Street files appeal against India markets regulator
September 02, 2025 Hana Asset Management Launches 1Q Xiaomi Value-Chain Active ETF Tracking the Solactive-KEDI Xiaomi Focus China Tech Index

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Global ETP News


September 04, 2025 Infographic-G20 Inflation Tracker: July
September 03, 2025 Ondo Brings Over 100 Tokenized U.S. Stocks and ETFs Onchain, Starting on Ethereum
August 27, 2025 FBS Analysis Highlights How Political Shifts Are Redefining the Next Altcoin Rally

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Middle East ETP News


September 02, 2025 Indxx US Infrastructure Index Licensed by KSM Mutual Funds Ltd. for an Index Tracking Fund
September 01, 2025 Lunate Launches Boreas Solactive Quantum Computing UCITS ETF, the First Thematic ETF to List on ADX, Tracking the Solactive Developed Quantum Computing Index
August 20, 2025 Mideast Stocks: Gulf bourses trade lower ahead of key Fed speech
August 14, 2025 Saudi, UAE drive GCC assets under management growth to $2.2trln
August 12, 2025 Exchanges get religion in pursuit of Muslim cryptobros

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Africa ETF News


August 24, 2025 Africa: Nigeria Leads Africa in Stablecoin Adoption With $22bn in Transactions

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ESG and Of Interest News


August 28, 2025 Collapse of critical Atlantic current is no longer low-likelihood, study finds
August 06, 2025 Why investing in Southern Africa's critical minerals is key for the global energy transition
August 04, 2025 World Cannot Recycle Its Way Out of Plastics Crisis, Report Warns
August 02, 2025 The Brain Economy: The New New Thing

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White Papers


September 08, 2025 Economic development, carbon emissions and climate policies

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