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WisdomTree India Earnings Fund (EPI) Passes $1 Billion In Assets Under Management

July 26, 2010--WisdomTree an exchange-traded fund (“ETF”) sponsor and asset manager, announced today that the WisdomTree India Earnings Fund (EPI) surpassed $1 billion in assets under management (AUM), as of July 21, 2010.

EPI, the Industry’s first India ETF which launched on February 22, 2008, is the largest and most actively traded exchange-traded product (ETP) providing access to local Indian securities.

“We are pleased with the success of EPI and remain committed to opening up asset classes and investment strategies which were previously difficult for regular investors to access,” said Bruce Lavine, WisdomTree President & COO.

Jeremy Schwartz, WisdomTree’s Director of Research commented, “India has distinguished itself as the best-performing BRIC (Brazil, Russia, India and China) country in 2010. One reason for this separation is that India’s economy is less export driven than China, Russia and Brazil, and the attractive demographics of its billion plus population has proved more resilient and less dependant on global growth.”

Source: Wisdom Tree


Exchange-Traded Funds: US ETF Weekly Update-Morgan Stanley

June 26, 2010--Highlights
Weekly Flows: $3.8 Billion Net Inflows
ETFsTraded $352 Billion Last Week
Launches: 3 New ETFs
ETFs had net cash inflows of $3.8 blnlast; 3rdweek in a row of net inflows


Weekly flows driven by US-equity ETFs; 9 out of top 10 ETFs to post net inflows were based off US indexes

Despite positive week for ETF industry flows, 2 largest ETFs posted net outflows (SPY & GLD)

Fixed Income ETFscontinue to experience strong net inflows

$26.0 bln of net inflows into ETFs over past 13 wks; Fixed Income accounts for 45% of net new money

US-Listed ETFs: Estimated Largest Flows by Individual ETF

IWM has the largest net inflows for US ETFs at $922 million last week

Over 13-week period GLD generated largest net inflows of any ETF, at $6.3 bln

VWO & EEM continue to lead emerging market flows, at $4.8 blnand $3.3 blnrespectively, over 13 weeks

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Source: Morgan Stanley


Fundamentals: The Style Roulette

July 26, 2010--Suppose we had perfect foresight and could determine whether the market was going to be biased toward value or growth every year. If so, we could make tactical bets instead of just splitting our equities evenly between the two styles. How much in excess return would we earn? In the real world, how much of that return is picked up by Fundamental Index® strategies? The answers are surprising.

The first half of 2010 has been a roller coaster ride in global equity markets. The S&P 500 Index and MSCI All Country World Index posted gains of 5.4% and 3.2%, respectively, in the first quarter. But, as we’ve been suggesting for some months, the consequences of a global addiction to debt-financed consumption—sovereign, corporate, and household—started to take their toll in the second quarter, with the S&P 500 declining 11.4% and the MSCI All Country World falling 12.0% in U.S. dollar terms. Adding to this ride, value and growth styles have been flip-flopping in past years. If the current narrow value outperformance experienced in the first half of the year holds, 2010 will mark the fifth straight calendar year in which style leadership has shifted between growth and value.

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Source: Research Affilates, LLC.


FTSE and CNBC create new index series for Asia Pacific

July 26, 2010--FTSE Group, the award winning global index provider and CNBC, recognised global leader in business news, today announced the creation of a new index series to track the performance of the 100 largest companies in Asia Pacific.
The FTSE CNBC Asia 100 Index calculated using FTSE’s renowned global index standards, will feature on CNBC news programmes giving investors a unique insight into the blue chip investable Asian market. The new index can also be licensed as the basis for Exchange Traded Funds (ETFs), structured products, derivatives or as a performance benchmark.

In addition to the broad based FTSE CNBC Asia 100 Index, specialised country and industry indices will be available for investors who want deeper analysis of the key drivers of performance. The indices are based on the Industry Classification Benchmark (ICB), a comprehensive, transparent and definitive classification system used by investors and exchanges worldwide. The FTSE CNBC Asia 100 Index is the latest index venture by FTSE and CNBC, following on from the FTSE CNBC Global 300 and FTSE CNBC Global 300 Supersectors launched in 2006. A full list of the new Asia Pacific indices is available in the appendix.

“By creating this index series, CNBC is able to provide viewers with one quantifiable measure of how Asian businesses are performing across the region,” said John Casey, Vice President, News and Programming, CNBC Asia Pacific. “During such volatile times, Asia has increasingly become a key market to watch. The FTSE CNBC Asia 100 Index will enhance investors’ knowledge by showing them a glimpse of broad market performance regionally in both developed and emerging markets while keeping them abreast of the global business environment.”

Paul Hoff, Managing Director of Asia Pacific, FTSE Group said: “Extending our collaboration with CNBC reflects the shifting focus of global investors towards Asia. These indices draw on the expertise FTSE and CNBC are known for in financial markets to provide investors with a deep understanding of the broader macroeconomic trends in Asia, while affording unique detailed insights into market drivers based on country and industry specifics.”

The FTSE CNBC Asia 100 Index features the hallmarks in index design that FTSE is renowned for including transparent index rules, governance procedures, liquidity screens and free float adjustment. For more information on the FTSE CNBC Asia 100 Index or other indices including the FTSE CNBC Global 300 and FTSE CNBC Supersector indices, please visit www.ftse.com/cnbc.

Source: FTSE


Dow Jones Indexes Enhances Index Methodology

July 26, 2010--Dow Jones Indexes, a leading global index provider, today announced enhancements to the methodology of the Dow Jones Global and U.S. Total Stock Market indexes as well as the Dow Jones Global Index.

Effective with the open of trading on September 20, offshore-companies with a primary listing on a U.S. stock exchange will be eligible to be included in the Dow Jones U.S. Total Stock Market Index. This modification addresses the consequences of a change in U.S. tax law, whereby a number of offshore-companies with a primary U.S. listing decided to transfer their domicile of incorporation to other financial centres such as Ireland and Switzerland.

Previously, the companies were included in the index of the country to which they transferred their incorporation. As a result, the indexes tracking those countries' markets no longer provided an accurate measure of local equities trading because of the inclusion of non-local companies.

Also effective with the open of trading on September 20, companies that are listed on the Korean Securities Dealers Automated Quotations (KOSDAQ), a trading board of the Korea Exchange (KRX) in South Korea, will be eligible to be included in the Dow Jones Global and Dow Jones Global Total Stock Market indexes. Currently, Dow Jones Indexes includes stocks from the Korea Stock Exchange, the stock market division of KRX. As of July 16, 2010, there are 966 companies listed on KOSDAQ, which will be screened for inclusion. These companies have a free-float market capitalization of approximately $41 billion.

The Dow Jones Global Total Stock Market Index provides comprehensive coverage of the world's equity markets with a consistent rules-based methodology. The Dow Jones Global Index family is a comprehensive global index series designed to provide a complete range of portfolio-management and benchmarking tools.

Included in the Dow Jones Global Total Stock Market Index universe are common shares and other securities with the characteristics of common equities from countries that provide accessibility to nonresidents and availability of real-time and historical market data. To produce the investable securities universe, the equities included in the broad market are screened to exclude securities without readily available prices. Companies that survive this analysis have their shares outstanding adjusted for "float," which is those shares readily available for trading by investors.

The Dow Jones Global Index universe is defined as all equity securities in 51 countries. The Dow Jones Global Index family covers only those countries that are accessible to nonresidents and that provide access to real-time and historical market data. Eligible for selection are all equity securities that trade on the major exchanges of these countries, screened for liquidity (no more than ten non-trading days in the three months prior to selection). For Emerging Market countries with significant barriers to direct foreign investment, Dow Jones Indexes may opt to include in the indexes those issues directly listed on U.S. exchanges, such as Depository Receipts (DRs) and other types of offshore listings.

Source: Dow Jones Indexes


July 2010 Monthly Preliminary Performance Report Dow Jones-UBS Commodity Indexes

July 26, 2010--The Dow Jones-UBS Commodity Index was up 3.30% for the month of July. The Dow Jones-UBS Single Commodity Indexes for Wheat, Sugar and Lead had the strongest gains with month-to-date returns of 24.15%, 13.70%, and 12.83%, respectively. The three most significant downside performing single commodity indexes were Gold, Silver and Natural Gas, which were down -4.67%, -3.24%, and -1.91% respectively, in July.

Year to date, the Dow Jones-UBS Commodity Index is down -6.67% with the Dow Jones-UBS Coffee Sub-Index posting the highest gain of 17.69% so far in 2010. Dow Jones-UBS Sugar Sub-Index has the most significant downside YTD performance, down -32.34%.

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Source: Mondovisione


NASDAQ Announces Mid-month Open Short Interest Positions In NASDAQ Stocks As Of Settlement Date July 15, 2010

July 26, 2010--At the end of the settlement date of July 15, 2010, short interest in 2,410 NASDAQ Global Market(SM)securities totaled 7,097,589,765 shares compared with 7,040,374,238 shares in 2,417 Global Market issues reported for the prior settlement date of June 30, 2010. The mid-July short interest represents 2.98 days average daily NASDAQ Global Market share volume for the reporting period, compared with 3.67 days for the prior reporting period.

Short interest in 496 securities on The NASDAQ Capital Market(SM)totaled 325,248,913 shares at the end of the settlement date of July 15, 2010 compared with 351,632,659 shares in 492 securities for the previous reporting period. This represents 3.10 days average daily volume, compared with the previous reporting period's figure of 4.50.

In summary, short interest in all 2,906 NASDAQ(R) securities totaled 7,422,838,678 shares at the July 15, 2010 settlement date, compared with 2,909 issues and 7,392,006,897 shares at the end of the previous reporting period. This is 2.99 days average daily volume, compared with an average of 3.70 days for the previous reporting period.

The open short interest positions reported for each NASDAQ security reflect the total number of shares sold short by all broker/dealers regardless of their exchange affiliations. A short sale is generally understood to mean the sale of a security that the seller does not own or any sale that is consummated by the delivery of a security borrowed by or for the account of the seller.

For more information on NASDAQ Short interest positions, including publication dates, visit http://quotes.nasdaq.com/asp/MasterDataEntry.asp?page=ShortInterest or http://www.nasdaqtrader.com/asp/short_interest.asp.

Source: NASDAQ OMX


CEOs Of Small And Medium Enterprises Are More Optimistic About Growth Prospects Than Heads Of Larger Companies, According To The Annual NYSE Euronext CEO Report

CEOs of SMEs with less than $500 million in revenue are more optimistic about current growth prospects than those of larger companies
July 26, 2010--CEOs expect to increase their budgets in all aspects of their businesses
--Investors are showing renewed interest in companies
Chief executives of companies with less than $500 million in revenue listed on NYSE Euronext exchanges are the most bullish about their growth prospects through 2011, according to the newly released NYSE Euronext CEO Report.

Themed "Back to Business," the study finds that four in 10 (38%) CEOs of small and medium-sized enterprises (SMEs) expect significant growth within their companies. Globally, eight in 10 CEOs say they expect either a significant or modest improvement in the growth of their businesses through 2011, a positive indicator of a turning point in the health of the global economy.

"NYSE Euronext CEO Report represents the shared perspectives of corporate leaders on topics ranging from globalization and governance to strategy and human resources as well as economic crisis and recovery," said Duncan Niederauer, CEO of NYSE Euronext. "While the participating CEOs express the fact that there remains a great deal of work yet to be done, their renewed optimism and confidence in the growth of their businesses is an indication that the economy is headed in the right direction."

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Source: NYSE Euronext


As popularity of ETF products grows so does the need for more sophisticated trading tools. In recognition of this, Bank of America Merrill Lynch today unveiled its premium algorithm, ETF-aX. This new ETF-specific algorithm analyzes market depth and price

July 26, 2010--As popularity of ETF products grows so does the need for more sophisticated trading tools. In recognition of this, Bank of America Merrill Lynch today unveiled its premium algorithm, ETF-aX. This new ETF-specific algorithm analyzes market depth and price data across an ETF's underlying portfolio to identify the most efficient combination of ETF, stock, and futures and then automatically trades them to source liquidity and find the best prices.

"The primary challenge with trading ETFs is market fragmentation; liquidity is limited outside of the top-ranked ETFs," said Charlie Whitlock, an execution consultant at BofA Merrill. "By using ETF-aX, clients are able to leverage our in-house ability to trade a combination of the component parts in different markets, gaining liquidity at more efficient pricing."

Upon receiving a client's order to trade an ETF, the engine analyzes inside pricing and depth of book across the ETF, stock, and futures markets to compile a picture of available liquidity. Once ETF-aX determines the optimal way to transact, balancing a desire for the best pricing against a need to capture the most liquidity, slices are simultaneously sent out to all market centers. A composite ETF price is assembled from the different executions and provided to clients.

"This technology has a proven and successful track record within our high-touch business," said Michael J. Lynch, head of Americas Execution Services. "It's a premium product that we think our electronic clients can greatly benefit from once integrated into their algo trading suite."

Bank of America Merrill Lynch is a leading global provider of equity and options trading, sales and research services to mutual funds, hedge funds, broker-dealers, pensions, endowments and other institutions. Its award-winning algorithmic trading platform was ranked as one of the top three providers of algorithmic trading, (1) and as having one of the top three market share positions of daily global algorithmic trading volumes in 2009. (2) Bank of America Merrill Lynch is also ranked No. 2 in the World's Best Broker by Bloomberg Markets. (3)

Source: Bank of America


CFTC Designates Green Exchange, LLC as a Contract Market

July 26, 2010--The Commodity Futures Trading Commission (CFTC) yesterday approved the application of Green Exchange, LLC (“GreenEx”) for designation as a contract market. GreenEx is organized as a Delaware Limited Liability company and is a wholly-owned subsidiary of Green Exchange Holdings, LLC (“GreenEx Holdings”).

Chicago Mercantile Exchange, Inc. (“CME”) is the largest equity owner of GreenEx Holdings. Other equity owners include Evolution Markets, Inc., Morgan Stanley Capital Group, Inc., Credit Suisse First Boston, Goldman Sachs, as well as other brokers, dealers and commercial users.

GreenEx will list for trading a broad variety of contracts for environmental risk management that are currently traded on the New York Mercantile Exchange (“NYMEX”).

GreenEx will use CME’s Globex electronic trade-matching system. Clearing services for GreenEx will be provided by CME Clearing House. Regulatory services for GreenEx will also be provided by CME.

Source: CFTC.gov


SEC Filings


July 02, 2025 Northern Lights Fund Trust II files with the SEC-PeakShares Sector Rotation ETF
July 02, 2025 Northern Lights Fund Trust II files with the SEC-Beacon Tactical Risk ETF and Beacon Selective Risk ETF
July 02, 2025 RBB Fund Trust files with the SEC-MUFG Japan Small Cap Active ETF
July 02, 2025 Columbia ETF Trust I files with the SEC-5 ETFs
July 02, 2025 Stone Ridge Trust files with the SEC-LifeX 2028 Income Bucket ETF and LifeX 2030 Income Bucket 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


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
June 13, 2025 US trading firm Virtu weighs foray into China market-making business

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Global ETP News


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
June 03, 2025 Trade Reckoning

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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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