Americas ETP News
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Claymore Launches BulletShares: Seven Fund Fixed Income ETF Suite
June 7, 2010--Claymore Securities, Inc. announced today the launch of the Claymore BulletShares Corporate Bond ETFs, a suite of ETFs with designated years of maturity ranging from 2011 through 2017 that invest in investment-grade corporate bonds with effective maturities in the years respective to each Fund.
Claymore BulletShares 2011 Corporate Bond ETF-Fund Ticker:BSCB
Claymore BulletShares 2012 Corporate Bond ETF-Fund Ticker: BSCC
Claymore BulletShares 2013 Corporate Bond ETF-Fund Ticker:BSCD
Claymore BulletShares 2014 Corporate Bond ETF-Fund Ticker:BSCE
Claymore BulletShares 2015 Corporate Bond ETF-Fund Ticker:BSCF
Claymore BulletShares 2016 Corporate Bond ETF-Fund Ticker:BSCG
Claymore BulletShares 2017 Corporate Bond ETF-Fund Ticker:BSCH
The seven ETFs, which seek to replicate the BulletSharesTM USD Corporate Bond Indices developed by Accretive Asset Management LLC, provide investors with a convenient way to invest in the corporate bond market. The Funds enable advisors to build laddered portfolios in a cost-effective and diversified manner, fill-in gaps of existing bond portfolios, and address investors’ lifestyle needs by providing the potential for cash distributions of income during the life of the ETF and principal at the ETFs’ maturity that can be applied towards retirement, college or other expenses.
“The Claymore BulletShares Corporate Bond ETF suite enhances investor access to the investment grade corporate bond market,” commented William Belden, Managing Director, Claymore Securities, Inc. “The Funds consist of comprehensive portfolios of corporate bonds with similar effective maturities. When used individually or in combination, the Funds provide investors the opportunity to structure portfolios of corporate bonds based upon their lifestyle-driven investment needs.”
Claymore BulletShares Corporate Bond ETFs offer investors benefits relative to investing in individual corporate bonds and most other fixed income investment products including immediate diversification, exchange-traded liquidity, professional management, and access to corporate bonds that may otherwise be unavailable. As part of an overall portfolio, they enable advisors to invest according to their clients’ specific cash flow needs with effective maturities of the ETFs ranging from 2011 to 2017.
“We are pleased with Claymore’s launch of this suite of products. The BulletSharesTM USD Corporate Bond Indices were designed with investors’ needs in mind.” said Darrin DeCosta, Head of Product Development for Accretive Asset Management LLC. “The indices are constructed through a transparent, rules-based methodology with the goal of building diversified bond portfolios that deliver the best attributes of investments in individual bonds and bond funds.”
Source: Claymore Securities
SEC Statement on Status of Stock-by-Stock Circuit Breaker Rule Proposals
June 4, 2010--Securities and Exchange Commission spokesman John Nester today issued the following statement:
"Two weeks ago, in response to the market disruption of May 6, the SEC sought public comment on proposed rules that would require the national securities exchanges and FINRA to pause trading in certain individual stocks if the price moves 10 percent or more in a five-minute period. The rules were proposed by the national securities exchanges and FINRA.
"The SEC staff is now reviewing and analyzing the comments that were received over the course of a public comment period that ended yesterday.
"The staff expects to present the proposals to the Commission next week. If approved, the staff anticipates full implementation within a week thereafter."
Source: SEC.gov
DB-Global Equity Index & ETF Research -- Weekly US ETP Market Review
June 4, 2010--Highlights
The financial roller coaster triggered by the Greek sovereign debt crisis is still in the middle of the ride. After a steep fall, global markets made a reversal and most of them end up the week with positive returns. The major benchmark in Europe, the Euro Stoxx 50 Index, rose by 1.55% and Gold Spot prices rose by 3.17%, however the relative flat performance of other major markets such as the US (S&P 500, 0.16%) and the Japanese (Nikkei 225, -0.22%) markets, suggests that the impact of the Greek crisis in other major non-European economies is yet to be determined and that measures taken in Europe which have been seen positively by local market participants are not necessarily seen in the same way by other global market players.
Under the current scenario, the overall US ETP market experienced an increase of $12.9 bn in assets, fueled by inflows of $3.8 bn, with Gold and Emerging Markets Regional ETPs leading the flows for the week. Inflows of $1.8 bn into GLD demonstrate that, in spite of high Gold spot prices, investors still believe that the golden metal is the safe haven to dodge the crisis and that Gold ETPs is a good way to gain access to this asset. GLD, with almost $50 bn in assets, is the second largest ETP by assets in the world, only behind SPY, which tracks the S&P 500 Index.
New Listings and Delistings
There was only 1 listing in the previous week. BlackRock launched an ETF tracking the MSCI Poland IMI index on NYSE Arca
Net Cashflows
Equity, Fixed Income and Commodity ETPs had inflows of $1.7 bn, $541 mm and $2.2 bn, respectively. Currency ETPs, on the other hand, experienced outflows of $46 mm.
Within Equity ETPs, Emerging Markets Regional ETPs received the largest inflows ($1.78 bn), while Small Cap ETPs saw the largest outflows ($1.4 bn).
Within Commodity ETPs, Gold ETPs led the inflows with $2.2 bn.
Turnover
Avg. Daily Turnover remained high and increased by 2.6% totaling $116 bn.
Assets Under Management (AUM)
US ETPs AUM rose by 1.6% totaling $799 bn at the end of the week. Equity ETPs account for 73% of the assets with $580 bn, followed by Fixed Income funds with $128 bn and 16% of market share.
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Source: BO-a.Huang-DB Index Research
New ETF Weekly options launched at CBOE today, Friday, June 4
June 4, 2010--Today CBOE launched trading in Weekly options on four exchange traded funds (ETFs) –
S&P Depositary Receipts (SPY)
iShares Russell 2000 Index Fund (IWM)
Nasdaq-100 Index Tracking Stock (QQQQ)
DIAMONDS Trust, Series 1 (DIA)
New series for Weekly options are listed each Friday and expire the following Friday except that no Weeklys will be listed that would expire during the expiration week for standard options.
Volume in Weeklys has increased since CBOE introduced them in 2005. Average daily volume in SPX Weeklys year-to-date through May was 16,031 contracts or 2.0 percent of standard SPX ADV. Average daily volume for OEX Weeklys for the same period totaled 15,489 contracts or 31.0 percent of standard OEX trading.
Source: CBOE
CFTC.gov Commitments of Traders Reports Update
June 4, 2010--The CFTC.gov Commitments of Traders Reports has been updated. The current reports for the week of June 1, 2010 are now available.
view reports
Source: CFTC.gov
U.S. Department of the Treasury Economic Statistics - Monthly Data Update
June 4, 2010-The U.S. Department of the Treasury Economic Statistics - Monthly update is now available.
view report
Source: U.S. Department of the Treasury
NSX Releases May 2010 ETF/ETN Data Report
June 4, 2010--Highlights from the May report include:
Assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) totaled approximately $798 billion at May 2010 month-end, an increase of almost 34% over May 2009 month-end when assets totaled $594.3 billion.
At the end of May 2010, the number of listed products totaled 995, compared to 829 listed products at the end of May 2009.
May 2010 net cash inflows from all ETFs/ETNs totaled approximately $6.3 billion, with year-to-date net cash inflows reaching $27.6 billion.
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Source: NSX
AdvisorShares files with the SEC
June 4, 2010--AdvisorShares has filed a post-effective amendment, registration statement with the SEC for
Emerald Rock Low-Priced Focused Growth ETF
NYSE Ticker: LOWP
Emerald Rock Dividend Growth ETF
NYSE Ticker: DIVI
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Source: SEC.com
DTCC Begins Aggregating Broker-to-Broker Trade-For-Trade Obligations to Reduce Costs and Enhance Efficiencies for the Industry
Service Reduces the Number of Trade-for-Trade Transactions Requiring Financial Settlement
June 4, 2010--The Depository Trust & Clearing Corporation (DTCC) has begun aggregating each side of certain broker-to-broker equities transactions that settle outside its systems into one receive and one deliver order to eliminate the need for financial firms to manually settle multiple transactions each day.
Through DTCC's clearing agency subsidiary, National Securities Clearing Corporation (NSCC) aggregates only those broker-to-broker "trade-for-trade" transactions that are executed between the same trading parties and in the same security. In addition, only transactions that NSCC designates to settle on a trade-for-trade basis are eligible for aggregation. NSCC typically designates these broker-to-broker transactions to settle trade-for-trade if they involve securities that have been chilled or globally locked for operational, risk management, or regulatory or compliance reasons.
For the week of May 17, NSCC successfully aggregated 67% of the 64,650 trade-for-trade transactions in its systems, reducing the number of trades requiring financial settlement to 20,834.
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Source: DTCC
Program Trading Averaged 29.5 Percent of NYSE Volume during May 24-28
June 4, 2010--The New York Stock Exchange, a subsidiary of NYSE Euronext (NYX), today released its weekly program-trading data compiled from member firms’ executed volume from NYSE’s orders database. The report includes trading on the NYSE for May 24-28.
The data indicated that during May 24-28, program trading amounted to 29.5 percent of NYSE average daily volume of 3,310.5 million shares1, or 976.8 million program shares traded per day.
Program trading encompasses a wide range of portfolio-trading strategies involving the purchase or sale of a basket of at least 15 stocks.
View the Top 20 Most Active
Source: NYSE
