Americas ETP News
If your looking for specific news, using the search function will narrow down the results
ETF Securities Passes $1.5 Billion in US ETF Assets Under Management
ETFS Physical Platinum Shares (PPLT) AUM now stands at $598.3M (as of May 4th, 2010)
ETFS Physical Swiss Gold Shares (SGOL) AUM now stands at $402.0M (as of May 4th, 2010)
May 19, 2010--ETF Securities USA LLC (ETFS) announced today that the total assets under management of its four products; ETFS Physical Swiss Gold Shares (SGOL), ETFS Physical Silver Shares (SIVR), ETFS Physical Platinum Shares (PPLT) and ETFS Physical Palladium Shares (PALL) now exceeds $1.5 Billion as of May 4th, 2010.
ETF Securities is the first US ETF Sponsor to provide investors with access to a full suite of precious metal ETFs. Investors can now trade physically-backed Gold, Silver, Platinum and Palladium ETFs from the same provider. The four precious metal ETFs have the following key features:
Track spot price of underlying metal less associated management fees(1)
100% physically backed by underlying bullion – minimal counterparty risk
Gold vaulted in Switzerland
Silver, Platinum & Palladium vaulted in London and Switzerland
a href="http://www.etfsecurities.com/us/news/etfs_news_100519.asp" TARGET="_top">read more
Source: ETF Securities
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
May 19, 2010--Standard & Poor's Canadian Index Operations announces the following index changes:
* On May 18, 2010, Sears Canada Inc. (TSX:SCC) announced the payment of a special dividend of $3.50 per share. The ex-date for this payment is Thursday, May 27, 2010. It is anticipated that the value of the special dividend will be over 4% of the last traded board-lot price of Sears Canada on Wednesday, May 26, 2010.
* On that date, the last traded board-lot price of Sears Canada will be reduced by $3.50 and the divisors will be adjusted in the S&P/TSX Composite and Capped Composite, the S&P/TSX Completion and Equity Completion, the S&P/TSX Equity and Capped Equity and the S&P/TSX Capped Consumer Discretionary Indices.
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
DB Index Research -- Weekly ETP Market Review -- US
May 19, 2010--Highlights
Although ambiguity still dominates the global markets due to the uncertain fate of Greece, Spain, Portugal and the Euro, it seems that the 750 Euro billion rescue package offered by Euro leaders brought some relief to the global markets. US ETPs, in particular, experienced an increase in assets of $29 bn, mainly driven by market reversal (the S&P 500 ended the week 2.23% up) and inflows of $10 bn.
New Listings and Delistings
* Two new funds came to market on the previous week, both of which are listed in NYSE Arca. State Street GA launched a fixed income ETF focused on municipal bonds compliant with the Build America Program, while new entrant provider US One Inc. issued an active ETF of ETFs seeking long term performance at a low cost.
Net Cashflows
* Equity, Fixed Income and Commodity ETPs had inflows of $8 bn, $636 mm, and $1.1 bn, respectively. Currency ETPs, on the other hand, experienced outflows of $40 mm.
* In the Equity asset class, Large Cap ETPs had the highest inflows of $5.3 bn followed by Small Cap ETPs, while Emerging Country ETPs experienced the largest outflows of $570 mm.
* Sovereign products contributed the most to the positive cash flows into Fixed Income ETPs.
* Within Commodity ETPs, Gold ETPs became the investor’s preferred choice again, recording inflows of $1.1 bn, followed by Crude Oil ETPs. Meanwhile, Natural Gas ETPs experienced the largest outflows.
* Alternative ETPs, driven by volatility ETNs, saw outflows of $234 mm, which strengthen the idea that high volatility might just be an ephemeral episode.
Turnover
* Turnover remained strong in all asset classes and increased by 11.4% overall, crossing the $100 billion mark totaling $104 bn in average daily value traded.
Assets Under Management (AUM)
* US ETPs AUM recovered 3.6% totaling $830 bn at the end of the week. Equity ETPs account for 74% of the assets with $612 bn, followed by Fixed Income funds with $127 bn and 15% of market share.
To request a copy of the report
Source: Aram Flores and Shan Lan -DB Index Research
Pax World Lists ESG Shares® North America Sustainability Index ETF on NYSE Arca
May 19, 2010--NYSE Euronext (NYX) announced that its wholly owned subsidiary, NYSE Arca, began trading the ESG Shares® North America Sustainability Index ETF (Ticker: NASI). The ETF is advised by Pax World Management LLC.
The Fund seeks investment returns that closely correspond to the price and yield performance, before fees and expenses, of the FTSE KLD North America SustainabilitySM Index, which is created and maintained by KLD Research & Analytics, Inc. (“KLD”). The Index consists of equity securities of issuers in North America that meet specific environmental, social and governance criteria developed by KLD.
Source: NYSE Euronext
PowerShares files with the SEC
May 19, 2010--PowerShares has filed a prospectus with the SEC for
PowerShares International Corporate Bond Portfolio
(NYSE Arca, Inc. - PICB)
The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the index called the S&P International Corporate Bond Index.
Total Annual Fund Operating Expenses:0.50%
view filing
Source: SEC.gov
State Street files with the SEC
May 19, 2010--State Street has filed a post-effective, registration statement with the SEC for
SPDR Barclays Capital International Corporate Bond ETF (IBND)
read more
Source: SEC.gov
Pax World Launches ESG Shares® Bringing Sustainable Investing to the ETF Market
Three New ETFs will be based on FTSE KLD Global Sustainability Indexes and FTSE ET50 Index
May 19, 2010--Pax World Management LLC, investment adviser to Pax World Funds (Pax World) and a leader in the field of Sustainable Investing, announced today the launch of ESG Shares®, the first family of exchange traded funds (ETFs) devoted exclusively to a Sustainable Investing approach. The new ETFs will track indexes that integrate environmental, social and governance (ESG) factors into index design and construction.
The three ESG Shares® ETFs to be launched by Pax World are:
•ESG Shares® North America Sustainability Index ETF (Ticker: NASI), launched today, seeks to track the performance of the FTSE KLD North America Sustainability Index, a broadly diversified, sector-neutral index of American and Canadian companies with superior ESG performance as rated by KLD Research & Analytics, Inc.
•ESG Shares® FTSE Environmental Technologies (ET50) Index ETF (Ticker: ETFY), which Pax World intends to launch on May 21, seeks to track the performance of the FTSE ET50 Index, comprised of the 50 largest pure-play* environmental companies globally by full market capitalization. The companies in the index have a primary business focus in the areas of alternative energy and energy efficiency, water technologies and pollution control and waste technologies and resource management.
•ESG Shares® Europe Asia Pacific Sustainability Index ETF (Ticker: EAPS), which Pax World intends to launch on May 25, seeks to track the performance of the FTSE KLD Europe Asia Pacific Sustainability Index, a broadly diversified, sector-neutral index of companies in Europe and Asia-Pacific with superior ESG performance as rated by KLD Research & Analytics, Inc.
ESG Shares® are at the intersection of two powerful investment trends: The increasing popularity of ETFs, and the fast-growing interest in Sustainable Investing – the integration of environmental, social and governance (ESG ) factors into investment analysis and decision making. According to Pax World, ESG Shares® will offer all the advantages typically associated with ETFs, but with the added value of being driven by a Sustainable Investing methodology.
“We are very excited to be offering the first family of ETFs focused exclusively on sustainability indexes constructed by our partners, KLD Indexes and FTSE,” said Pax World President and CEO Joe Keefe. “Now there are ETF solutions for investors who seek to capture the potential returns associated with superior ESG or sustainability performance.”
“Due to increased demand from retail and institutional investors, we created the North America and Europe Asia Pacific Sustainability indexes to satisfy the need for broadly diversified portfolios of global companies that have demonstrated commitment to high standards of environmental, social and governance performance,” added Head of KLD Indexes at RiskMetrics Group Thomas Kuh. “We are pleased to be working with Pax World, a recognized leader in the field of Sustainable Investing, to bring these innovative ETFs to the marketplace.”
“We are delighted to be working with Pax World on their first group of exchange traded funds devoted exclusively to sustainable investing,” commented FTSE Group Chief Executive Mark Makepeace. “This partnership demonstrates FTSE’s commitment to responsible investment and to provide investors with a greater range of ETFs enabling them to access new market opportunities and diversify portfolios.”
Source: PAX WORLD MANAGEMENT LLC
SEC to Publish for Public Comment Stock-by-Stock Circuit Breaker Rule Proposals
May 18, 2010--The Securities and Exchange Commission announced that in response to the market disruption of May 6, the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) are filing proposed rules today under which they would pause trading in certain individual stocks if the price moves 10 percent or more in a five-minute period.
The SEC is seeking comment on the proposed rules.
The markets are proposing these rules in consultation with FINRA and staff of the SEC to provide for uniform market-wide standards for individual securities in the S&P 500® Index that experience a rapid price movement.
These rules reflect a consensus that was achieved among the exchanges and FINRA after SEC Chairman Mary Schapiro convened a meeting of exchange leaders and FINRA at the SEC early last week. That meeting took place within days after the market dropped significantly and after approximately 30 S&P 500 Index stocks fell at least 10 percent in a five-minute period.
read more
Source: SEC.gov
Claymore files with the SEC
May 18, 2010--Claymore has filed a post-effective amendment, registration statement with the SEC for
WILSHIRE MICRO-CAP ETF
NYSE ARCA TICKER SYMBOL: WMCR
read more
Source: SEC.gov
Wisdom Tree files with the SEC-12 ETFs
May 18, 2010--Wisdom Tree has filed a post effective amendment, registration statement with the SEC for
WisdomTree Total Dividend Fund (DTD)
WisdomTree Equity Income Fund (DHS)
WisdomTree Dividend ex-Financials Fund (DTN)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree LargeCap Value Fund (EZY)
WisdomTree LargeCap Growth Fund (ROI)
read more
Source: SEC.gov
