Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Hedge Funds Tap ETF for Gold Bets as Stock Correlation Rises
August 18, 2010--Hedge funds managed by George Soros, John Paulson and other high-profile investors are using a $50 billion exchange-traded fund to buy gold, recent filings show, even as the ETF's growing clout may be chipping at gold's role as an asset that moves to its own beat.
Eton Park Capital Management LP earlier this week showed it had joined a list of hedge funds that own SPDR Gold Shares, an ETF backed by about 1,300 metric tons of the precious metal. Eton revealed a roughly $800 million stake in the ETF. Paulson & Co., Mr. Paulson's firm, kept its stake in the gold ETF steady at 31.5 million shares, meaning its position was close to $4 billion at the end of the second quarter.
read more
Source: Wall Street Journal
Interest in Gold Shares Surge, Says ETF Securities Executive
August 18, 2010--ETF Securities USA said ETFS Physical Swiss Gold Shares (SGOL) had a record day’s trading volume on August 11 of 1.74 million shares, or $208 million. This represents the greatest one-day volume since its first U.S. trading day on September 9, 2009.
“The fact that there is buying of gold in a quiet month may tell us something about what is expected to happen in the next two quarters,” said William Rhind, strategic director of U.S. business development for ETF Securities USA, in a phone interview.
"Investors [and investment advisors] are concerned about a potential douple dip in the economy," Rhind explained, "and how it will affect their clients' wealth more generally."
The largest holders of SGOL, he adds, are large mutual-fund providers and wirehouse broker-dealers.
read more
Source: Investment Advisor
Jefferies files with the SEC
August 18, 2010--Jefferies has filed a pre-effective amendment to Form S-1 with the SEC for
Jefferies S&P 500 VIX Short-Term Futures ETF.
view filing
Source: SEC.gov
Global X files with the SEC
August 18, 2010--Global X has filed a post-effective amendment, registration statement with the SEC for
Global X Gold Explorers ETF.
view filing
Source: SEC.gov
U.S. One files with the SEC
August 18, 2010--U.S. One has filed an order for exemptive relief with the SEC.
read more
Source: SEC.gov
ETFS Physical Swiss Gold Shares (SGOL) experiences highest daily trading volume since inception
August 17, 2010--SGOL Volume: SGOL volume reached a record 1.74m shares on August 11th, 2010.
SGOL Assets under Management: Total assets for SGOL now exceed $695M as of August 13th, 2010.
ETF Securities USA LLC (ETFS) announced a record days trading volume in ETFS Physical Swiss Gold Shares (SGOL) of 1.74m shares or approx $208m in dollar value traded. 1.74m shares represents the largest one day volume since SGOL’s inception on September 9th, 2009.
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.
William Rhind, Head of Sales & Marketing for ETFS Marketing LLC, commented:
“Last week’s exchange traded volume of 1.74 million shares in SGOL is a landmark event for the product. SGOL continues to appeal to investors looking for a way to gain exposure to physical gold in Switzerland”.
For more information please visit www.etfsecurities.com
Source: ETFS Marketing LLC
Exchange-Traded Funds: US ETF Weekly Update-Morgan Stanley
August 17, 2010--Highlights
Weekly Flows: $10.3 Billion Net Outflows
ETFs Traded $306 Billion Last Week
Launches: 3 New ETFs
Claymore to Close 4 ETFs
US-Listed ETFs: Estimated Flows by Market Segment
ETFs had net cash outflows of $10.3 blnlast week, reversing 5 weeks of net inflows
Weekly net outflows were dominated by US-based ETFs; only 22% of ETFs generated net inflows last week
ETF assets stand at $811 bln; down 4% last week
13-wk flows have turned mixed
$11.9 bln net inflows into ETFs over 13 wks; Fixed Income & International -EM capture most new money
US-Listed ETFs: ETF Dollar Volume
Market share of monthly ETF volume as % of listed volume has nearly tripled over 5 yrs
US Large-Cap accounts for 46% weekly ETF volume, but only has 20% of market cap
Fixed Income accounts for only 3% weekly ETF volume, but has 17% of market cap
request report
Source: Morgan Stanley
FactorShares files Form S-1 with SEC-FactorShares S&P US Anti-Equity
August 17, 2010-August 17, 2010--FactorShares has filed a pre-effective amendment No.2 to Form S-1 for FactorShares S&P US Anti-Equity.
view filing
Source: SEC.gov
FactorShares files Form S-1 with SEC -FactorShares S&P Crude Oil Premium
August 17, 2010--FactorShares has filed a pre-effective amendment No.2 to Form S-1 for FactorShares S&P Crude Oil Premium.
view filing
Source: SEC.gov
FactorShares files Form S-1 with SEC
August 17, 2010--FactorShares has filed a pre-effective amendment No.2 to Form S-1 for FactorShares S&P Gold Premium.
view filing
Source: SEC.gov
