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ETFS Physical Swiss Gold Shares (SGOL) breaks $1bn in AUM
October 8, 2010--ETF Securities USA LLC (ETFS) announced today that the total assets under management of its ETFS Physical Swiss Gold Shares (SGOL) passed the $1 billion mark as of Sept 29th, 2010. In the opinion of ETF Securities, recent flows into SGOL have largely been driven by investor’s desire to hold gold in Switzerland and to position portfolio’s for possible inflationary pressures resulting from currency debasement.
ETFS Gold Trust
The objective of the ETFS Gold Trust’s (SGOL) shares reflect the performance of the price of Gold, 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 gold as well as diversify their precious metal holdings. SGOL has an expense ratio of 0.39% (3) per annum.
ETFS Gold Trust (SGOL) is backed by allocated gold bullion and stored in secure vaults in Switzerland by the Custodian, JPMorgan Chase Bank, N.A, one of the world's leading Custodians for precious metals. The Shares represent an interest in physical gold owned by the Trust. The physical gold of the Trust is subject to minimal counterparty or credit risks, which contrasts with other offerings that achieve bullion exposure through the use of derivatives.
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Source: ETFS Securities
TD Ameritrade Launches Commission-Free ETF Market Center
October 8, 2010--Long-term investors now have access to more than 100 commission-free ETFs, TD Ameritrade, Inc., a subsidiary of TD Ameritrade Holding Corporation announced today. The new ETF Market Center, available to both retail investors and independent registered investment advisors (RIAs), includes a list of ETFs--from a variety of well-known providers--that have been evaluated and selected by investment consultants at Morningstar Associates, LLC, a registered investment advisor and unit of Morningstar.
"We worked with independent experts to create an objective list of ETFs focused on long-term investing. Morningstar Associates considered all ETF providers, and neither TD Ameritrade nor Morningstar Associates will receive any incentive from those firms, for inclusion on the list," said Fred Tomczyk, president and chief executive officer of TD Ameritrade. "We're taking a better and more client-focused approach to helping our clients build long-term portfolios."
TD Ameritrade was among the first in its industry to make tools, content and educational information about ETFs available to retail investors in 2004. Since that time investor adoption of ETFs has grown considerably. While ETFs have been popular among active traders for some time, since early 2007 the firm has seen a 44 percent increase in the number of long-term investors who hold an ETF. Advisor usage of ETFs in client portfolios is on the rise as well. Nearly 80 percent of RIAs on the TD Ameritrade Platform actively use ETFs today, up 5 percent from just a year ago.
TD Ameritrade's new ETF Market Center includes a number of online ETF-focused enhancements, including a powerful ETF screener, ETF data and independent research and commentary from Morningstar, Inc. to help investors learn more about ETFs, determine whether ETFs fit their needs and create well-diversified, long-term portfolios.
"We want to help investors build long-term portfolios more cost effectively," Tomczyk continued. "We have a very popular no-transaction fee mutual fund offering, and as ETFs continue to grow in popularity and diversity, this was a natural progression for us. It's an incredible opportunity to help educate long-term investors about ETFs and portfolio diversification."
Once enrolled in the program, clients can buy and sell shares of the ETFs on the list commission-free. Should a client sell an ETF purchased under the program and held less than 30 days, a short-term trading fee will be assessed.
For more information about TD Ameritrade's new ETF Market Center, visit www.tdameritrade.com.
Source: TD Ameritrade
WisdomTree files with the SEC for actively managed ETF
October 8, 2010--WisdomTree has filed a post effective amendment, registration statement with the SEC for
Brazil Bond Fund.
The Fund is an actively managed exchange-traded fund.
view filing
Source: SEC.gov
WisdomTree files with the SEC
October 8, 2010--WisdomTree has filed a post effective amendment, registration statement with the SEC for
WisdomTree Dreyfus Brazilian Real Fund (BZF)
WisdomTree Dreyfus Chinese Yuan Fund (CYB)
WisdomTree Dreyfus Emerging Currency Fund (CEW)
WisdomTree Dreyfus Euro Fund (EU)
WisdomTree Dreyfus Indian Rupee Fund (ICN)
WisdomTree Dreyfus Japanese Yen Fund (JYF)
WisdomTree Dreyfus New Zealand Dollar Fund (BNZ)
WisdomTree Dreyfus South African Rand Fund (SZR)
view filing
Source: SEC.gov
Dow Jones Indexes Launches MENA Broad Stock Market and Saudi Titans 30 Indexes
October 7, 2010--Dow Jones Indexes, a leading global index provider, today announced the launch of the Dow Jones MENA Broad Stock Market and Dow Jones Saudi Titans 30 Indexes. The Dow Jones MENA Broad Stock Market Index measures the stock performance of actively traded large-caps and mid-caps equity securities trading in the Middle East and North Africa (MENA) region. The Dow Jones Saudi Titans 30 Index measures 30 of the largest and most liquid equity securities trading on the Saudi Stock Exchange. Both indexes are intended to serve as a basis for financial products.
“Our Dow Jones MENA Broad Stock Market Index is an ideal benchmark for gaining perspective on the stock markets in the Middle East and North Africa region,” said Michael A. Petronella, president, Dow Jones Indexes. “Additionally, the Dow Jones Saudi Titans 30 Index offers investors a unique view of the largest and most liquid stocks trading on the Saudi Stock Exchange,” added Petronella.
The Dow Jones MENA Broad Stock Market Index currently covers Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia and the United Arab Emirates. The Index is weighted based on float-adjusted market capitalization and is reviewed on a quarterly basis.
The Dow Jones Saudi Titans 30 Index is weighted by float-adjusted market capitalization. Each component’s weight is capped at 15% of the index’s total float-adjusted market capitalization. Weights are reviewed quarterly.
The Dow Jones MENA Broad Stock Market Index is calculated in U.S. dollars, calculation of the index began on September 27, 2010. Real index history is available daily from this date forward. Back-tested historical data have been calculated daily back to December 30, 2005.1
The Dow Jones Saudi Titans 30 Index is calculated in U.S. dollars, calculation of began on February 19, 2010. Real index history is available daily from this date forward. Back-tested historical data have been calculated daily back to December 31, 2006.1
As of September 30, 2010, the Dow Jones MENA Broad Stock Market Index had a year-to-date performance of 8.44% and the Dow Jones Saudi Titans 30 Index had a year-to-date performance of 6.47%.
For more information on the Dow Jones Indexes, please visit http://www.djindexes.com.
Source: Dow Jones Indexes
BlackRock says gold has room to grow, broadens ETF
October 7, 2010--Even after hitting a series of highs this week, gold prices have room to rise, a BlackRock Inc (BLK.N) executive who oversees the money manager's iShares gold exchange-traded fund said on Wednesday.
"If you look at it on a real-dollar basis gold is still not trading anywhere near its January 1980 high, which would, in inflation adjusted dollars, be about $2,200 an ounce," said Kevin Feldman, iShares Managing Director at BlackRock.
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Source: International Business Times
Market Vectors® Russia ETF Reaches $2 Billion in Assets
October 7, 2010--Market Vectors Russia ETF (NYSE Arca: RSX), distributed by Van Eck Global, has reached $2 billion in assets as of October 5, 2010, the company announced today. RSX was the first ETF listed in the U.S. designed to give U.S. investors exposure to a broad spectrum of Russian companies.
RSX seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the DAXglobal® Russia+ Index (DXRPUS), a basket of the securities of 43* of the most heavily traded Russian companies that have listings on global exchanges, either through an American Depository Receipt (ADR), a Global Depository Receipt (GDR), or local Russian shares.
“As Russia grows and matures, it will likely assume an increasingly important role in the global economy, and exposure to the country’s markets will be of growing interest to U.S. investors” said Jan van Eck, Principal at Van Eck Global. “We are pleased that RSX has continued to attract interest from investors looking for a convenient means to access the Russian market.”
Source: Van Eck Global
TD Ameritrade lets customers trade some ETFs for free
October 7, 2010--TD Ameritrade starting Friday will allow customers to buy and sell more than 100 exchange traded funds with no commission, escalating the intense price war among online brokerage firms.
Exchange traded funds, or ETFs, are increasingly popular investments that allow investors to buy a basket of securities just as they'd buy a single stock.
The 101 ETFs that qualify for no-commission trades were selected as the best in their categories by independent investment research firm Morningstar. ETFs from a variety of providers are included, ranging from BlackRock's iShares, Vanguard and State Street. ETFs on the list are expected to stay on it over time, says TD Ameritrade's Peter Sidebottom.
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Source: USA Today
BNY Mellon ADR Index Monthly Performance Review is Now Available
October 7, 2010--The BNY Mellon ADR Index Monthly Performance Review is Now Available.
view report
Source: BNY Mellon
Van Eck files with the SEC
October 7, 2010--Van Eck has filed a Fourth Amended and Restated Application for exemptive relief with the SEC for actively-manged ETFs.
view filing
Source: SEC.gov
