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iShares MSCI Emerging Markets ETF Crosses the One Billion Shares Outstanding Milestone Providing Investors With Liquid Access to Emerging Markets
September 24, 2010--BlackRock, Inc. today announced that the iShares MSCI Emerging Markets Index Fund () reached one billion shares outstanding and is the first iShares fund to reach that milestone during iShares ten-year history. The ETF has grown almost 20% in the past year with current assets under management of $44 billion and average daily trading volume of $2.8 billion.
"The iShares MSCI Emerging Markets Index Fund has more shares outstanding than any other ETF and is the first emerging markets ETF to reach one billion shares outstanding.(1) Its growth underscores the broad utility investors continue to find using iShares products," said Noel Archard, Head of U.S. iShares Product at BlackRock. "Since the fund launched in 2003, EEM has provided institutional and retail investors and financial advisors with efficient and transparent access to emerging markets. The deep liquidity of EEM also results in low trading costs for all investors at all size trades, which can significantly lower total ETF costs."
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Source: BlackRock
U.S. IPOs Raise Lowest Amount in Decade Versus Cash Aim
September 24, 2010--Companies in the U.S. are raising less this year from initial public offerings than any time in at least a decade compared with the amount they filed to sell.
IPOs on the New York Stock Exchange and the Nasdaq Stock Market have raised $19.1 billion in 2010, while companies from Nielsen Holdings BV and Demand Media Inc. to General Motors Co. filed with the Securities and Exchange Commission to sell $48.9 billion in shares, according to data compiled by Bloomberg. That’s the widest gap since at least 1999, the data show.
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Source: Bloomberg
Hartford files with the SEC.
September 22, 2010--Hartford has filed for exemptive relief with the SEC for actively managed ETF.
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Source: SEC.gov
The Hartford files with the SEC
September 22, 2010--Hartford has filed for exemptive relief with the SEC.
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Source: SEC.gov
iShares files with the SEC
September 23, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI Philippines Investable Market Index Fund.
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Source: SEC.gov
iShares files wih the SEC
September 23, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI Brazil Small Cap Index Fund.
view filing
Source: SEC.gov
BM&FBovespa starts trading of BDRs
September 23, 2010--BM&FBovespa, Brazil’s multi-asset exchange, is a launching a new set of Brazilian Depository Receipts, which will allow investors in the country to purchase receipts for shares of large foreign companies on the local exchange.
The ten first unsponsored BDRs – similar to the ADRs on the New York Stock Stock exchange – for companies such as Google, Apple, Arcelor Mittal and Goldman Sachs will be available from October 5 on the BM&FBovespa, the world’s third-largest exchange by market value. Many more are expected over the next year.
“This is another step of the evolution of Brazil as a financial centre,” says Diego Perfumo, analyst at Equity Research Desk in Greenwich, Connecticut. “This is a product that facilitates retail Brazilian investors’ ability to diversify their portfolios.”
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Source: FT.com
US Congress to attack renminbi valuation
September 23, 2010--mocratic leaders in the House of Representatives will move ahead with a bill allowing the US to retaliate against China for manipulating its currency, a significant escalation of the dispute between Washington and Beijing.
Sander Levin, chairman of the ways and means committee in the House of Representatives, said on Wednesday the bill would be compatible with World Trade Organisation rules.
But in a largely untested area of trade law the measure will evoke opposition from Beijing and could lead to a legal challenge in the WTO. The bill will go to committee on Friday and could be voted on by the full House as early as next week.
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Source: FT.com
Standard & Poor's Announces Changes in the S&P/TSX Venture Composite Index
September 23, 2010--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Thursday, September 23, 2010:
Champion Minerals Inc. (TSXVN:CHM) will be removed from the index.
The company will graduate to trade on TSX under the same ticker symbol.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source Standard & Poors
CFTC to Publish All Outside Meetings Regarding Implementation of Dodd-Frank Wall Street Reform and Consumer Protection Act
September 23, 2010--Commodity Futures Trading Commission Chairman Gary Gensler today announced that the agency will begin publishing a list of all meetings that either he or Commission staff has with outside organizations regarding the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
“The CFTC is committed to promoting both market and agency transparency,” Chairman Gensler said. “As we implement the Dodd-Frank Act, we will make meetings that we have with outside organizations regarding the rule-writing process public. We also will continue publishing materials provided to the Commission by outside organizations. This commitment to open government will help promote the integrity of the rule-writing process.”
The list will be available in the “OTC Derivatives” section of the cftc.gov website, at http://www.cftc.gov/LawRegulation/DoddFrankAct/ExternalMeetings/index.htm
Source: CFTC.gov