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DB Index Research -- Weekly ETF Market Review - US
March 17, 2010--New Listings and Delistings
There were 10 new listings in NYSE Arca in the last week. Claymore launched 2 ETFs on the US broad market and 1 on the US Real Estate sector, while Direxionshares listed 3 pairs of 2X/3X leveraged Bear/Bull funds.on India, the BRIC region and the US semiconductor sector. The remaining ETP, which aims to track the S&P Russia Index, was issued by New Listings and Delistings
There were 10 new listings in NYSE Arca in the last week. Claymore launched 2 ETFs on the US broad market and 1 on the US Real Estate sector, while Direxionshares listed 3 pairs of 2X/3X leveraged Bear/Bull funds.on India, the BRIC region and the US semiconductor sector. The remaining ETP, which aims to track the S&P Russia Index, was issued by StateStreet.
Net Cashflows
This week $2.93 bn flowed into ETPs. Equity and Fixed Income ETPs had inflows of $1.37 bn and $1.58 bn respectively, while Currency and Commodity ETPs had outflows of $109 mm and $44 mm respectively.
In the equity asset class, Large Cap ETPs had the highest inflows of $636 mm followed by Mid Cap ETPs, while Small Cap ETPs experienced the largest outflows of $1.8 bn, followed by Leveraged ETPs.
In the Fixed Income ETPs area, Sovereign ETPs had the most significant inflows, while Structure Products funds had the largest outflows
Within Commodity ETPs, those tracking Oil products saw the largest outflows. Meanwhile, broad commodity benchmark ETPs experienced the largest inflows.
Turnover
ETP turnover decreased by 14.6% during last week and totaled $58 bn.
Equity ETP turnover experienced the largest decrease. Turnover decreased significantly for Large Cap and Strategy (Short, Leveraged and Leveraged Short) ETPs.
Fixed Income ETPs turnover decreased for most of its products in the past week. (Fig. 31 & 34). Commodity ETP turnover decrease was mainly driven by Gold, Oil and Silver.
Assets Under Management (AUM)
US ETPs AUM rose by 1.2% totaling $801 bn at the end of last week. Equity ETPs had the lion’s share with $599 bn and 75% of market share, followed by Fixed Income funds with $121 bn and 15% of market share (Fig. 7).
To request a copy of the report
Source: Aram Flores and Shan Lan -DB Index Research
BM&FBOVESPA establishes new historic record in total number of contracts traded and in ID futures
March 17, 2010--The Brazilian Securities, Commodities and Futures Exchange – BM&FBOVESPA established today (03/18) a new historic record in the total number of contracts traded in the derivatives segment, with 10,157,779 contracts. The previous record of 5,716,789 contracts was set yesterday on 17 March 2010.
Trading of ID futures contracts also registered a historic record today, reaching a mark of 6,093,795 contracts. The previous record of 4,544,750 contracts was also set on yesterday.
Source: BM&FBOVESPA
CME Group Announces The Launch Of Ultra Treasury Bond Options - Ultra T-Bond Futures: Fastest Growing Interest Rate Product Ever Introduced
March 17, 2010--CME Group, the world’s leading and most diverse derivatives marketplace, today announced the launch of options on Long-Term U.S. Treasury Bond (“Ultra T-Bond”) futures beginning June 7, 2010. Both standard and flexible options on Ultra T-Bond futures will be available. This contract will be listed with, and subject to, the rules and regulations of the CBOT.
“The Ultra T-Bond futures contract is the fastest growing interest rate futures product ever launched by the CME Group exchanges,” said Robin Ross, CME Group Managing Director of Interest Rate Products. “By adding options to the product suite, we are providing our customers with even more opportunities to manage long-term risk and add duration to their portfolios.”
CME Group launched the Ultra T-Bond futures contract on January 11, 2010. This new product is meeting customer demand for a Treasury instrument with off-balance sheet, long duration exposure. The average daily volume for Ultra T-Bond futures in February was 20,530. On March 16, the new contract established record open interest of 82,790 contracts, and on February 24, traded nearly 70,000 contracts – just six weeks after its launch.
To learn more about Ultra T-Bond futures and the upcoming launch of Ultra T-Bond options, visit www.cmegroup.com/ultra.
Source: CME Group
U.S. International Reserve Position
March 17, 2010-The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $129,287 million as of the end of that week, compared to $129,435 million as of the end of the prior week.
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March 5, 2010 |
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A. Official reserve assets (in US millions unless otherwise specified) 1 |
Euro |
Yen |
Total |
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(1) Foreign currency reserves (in convertible foreign currencies) |
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129,287 |
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(a) Securities |
9,621 |
14,385 |
24,006 |
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of which: issuer headquartered in reporting country but located abroad |
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0 |
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(b) total currency and deposits with: |
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(i) other national central banks, BIS and IMF |
14,171 |
7,045 |
21,216 |
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ii) banks headquartered in the reporting country |
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0 |
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of which: located abroad |
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0 |
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(iii) banks headquartered outside the reporting country |
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0 |
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of which: located in the reporting country |
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0 |
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(2) IMF reserve position 2 |
11,541 |
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(3) SDRs 2 |
56,525 |
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(4) gold (including gold deposits and, if appropriate, gold swapped) 3 |
11,041 |
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--volume in millions of fine troy ounces |
261.499 |
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(5) other reserve assets (specify) |
4,958 |
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--financial derivatives |
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--loans to nonbank nonresidents |
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--other (foreign currency assets invested through reverse repurchase agreements) |
4,958 |
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B. Other foreign currency assets (specify) |
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--securities not included in official reserve assets |
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--deposits not included in official reserve assets |
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--loans not included in official reserve assets |
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--financial derivatives not included in official reserve assets |
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--gold not included in official reserve assets |
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--other |
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read more
Source: .U.S. Department of the Treasury
ETFS Marketing LLC Expands Product Team and Appoints Darren Fortunato as SVP ...
March 17, 2010--As part of US business expansion efforts and solid growth in the newly launched US products: ETFS Physical Silver Shares (SIVR), ETFS Physical Swiss Gold Shares (SGOL), ETFS Physical Platinum Shares (PPLT) and ETFS Physical Palladium Shares (PALL), total assets under management in the four products now stand at $1.16B as of March 12, 2010.
ETFS Marketing LLC, the US Marketing Agent for ETF Securities, has appointed Darren Fortunato to the expanding US product team.
Darren Fortunato is Senior Vice President at ETFS Marketing LLC. His primary responsibilities will be focused on bringing new products to the US market. Darren brings extensive capital markets experience from his prior structuring and derivatives work at Merrill Lynch, Gottex, Societe Generale and Citigroup. In these roles, he has developed and managed a broad range of investment products and structures. Darren also has extensive knowledge of US corporate and tax law having worked at White & Case and Sony. Darren earned his MBA from NYU Stern School of Business, JD from University of Chicago Law School and BA from Dartmouth College.
Commenting on the appointment, Fred Jheon, Head of Product and Business Development, ETFS Marketing LLC:
"We are delighted to announce the appointment of Darren Fortunato to the firm. Darren brings great pedigree, background and a unique understanding of the US ETF market that will be invaluable as we expand the US product line and business. It is also very important to our growing US commodity franchise to attract top talent in the US ETF market."
Source: ETFS Marketing
IndexIQ files with the SEC
March 16, 2010--IndexIQ has filed a post-effective amendment, registration statement with the SEC.
This filing relates to 13 funds.
| Name |
CUSIP
|
Symbol
|
| IQ Australia Small Cap ETF | 45409B 826 | KROO |
| IQ Canada Small Cap ETF | 45409B 867 | CNDA |
| IQ Hong Kong Small Cap ETF | 45409B 818 | HKK |
| IQ Indonesia Small/Mid Cap ETF | 45409B 792 | INNN |
| IQ Malaysia Small/Mid Cap ETF | 45409B 784 | MALA |
| IQ Singapore Small Cap ETF | 45409B 776 | SAX |
| IQ South Korea Small Cap ETF | 45409B 768 | SKOR |
| IQ Taiwan Small Cap ETF | 45409B 750 | TWON |
| IQ Thailand Small/Mid Cap ETF | 45409B 743 | THAI |
| IQ Natural Gas Small Cap Equity ETF | 45409B 859 | IGAS |
| IQ Global Crude Oil Small Cap Equity ETF | 45409B 842 | IOIL |
| IQ Global Gold Small Cap Equity ETF | 45409B 735 | GLZ |
| IQ Global Agribusiness Small Cap Equity ETF | 45409B 834 | CROP |
view filing
Source: SEC.gov
March Update: CSLS Exchange Traded Note Linked to the Credit Suisse Long/Short Liquid Index (Net)
March 16, 2010--The Credit Suisse Long/Short Liquid Index (Net) ETN (NYSE Arca: CSLS) is designed to correlate to the historical performance of the Credit Suisse Tremont Long/Short Equity Hedge Fund Index by tracking the performance of non-hedge fund, transparent market measures.
More information on the Credit Suisse Long/Short Liquid Index (Net) ETN can be found on: www.credit-suisse.com/notes
The exchange traded approach offers a variety of advantages to investors, including real-time pricing, intraday liquidity and portfolio transparency – advantages previously not associated with alternative investments. The Credit Suisse Long/Short Liquid Index (Net) ETN does not invest directly in hedge funds and therefore does not have the risks usually associated with hedge funds such as illiquidity, fraud risk or individual manager risk.
This new ETN seeks to replicate the performance of the Long/Short Equity hedge fund sector as represented by the Credit Suisse Long/Short Liquid Index (Net), an index which is calculated intraday and reflects the return of a dynamic basket of eighteen liquid, investable market factors. These factors are selected and weighted monthly in accordance with an algorithm that aims to track the performance of the Credit Suisse/Tremont Long/Short Equity Hedge Fund Index.
The ETN's investment performance depends on the investment performance of the underlying Credit Suisse Long/Short Liquid Index (Net). There is no guarantee that the ETN or the Credit Suisse Long/Short Liquid Index (Net) will perform the same as the referenced Credit Suisse/Tremont Long/Short Index. The ETN may not suitable for all investors.
Source: Credit Suisse AG
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
March 16, 2010--Standard & Poor's Canadian Index Operations announces the following index changes:
The 5.75% Cumulative Redeemable Series 3 Preferred Shares of ATCO Ltd. (TSX:ACO.PR.A) have been called for redemption on Tuesday, March 23, 2010, at $25.50 per share.
The shares will be removed from the S&P/TSX Preferred Share Index after the close of Tuesday, March 23, 2010.
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
Bloomberg Offers Free Trial Of NASDAQ OMX's Nordic Equity TotalView To Customers
March 16, 2010--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that NASDAQ OMX's Nordic Equity TotalView is now available to investors worldwide on a free trial basis via the BLOOMBERG PROFESSIONAL® service. Nordic Equity TotalView is NASDAQ OMX's premier data product feed in the Nordic region and displays the full order book for companies listed on NASDAQ OMX Nordic, comprised of exchanges in Copenhagen, Helsinki, Iceland and Stockholm.
"TotalView gives trading professionals the most complete view of Nordic securities, allowing them to make even better trading decisions," said Randall Hopkins, Senior Vice President, NASDAQ OMX Global Data Products. "Bloomberg's willingness to make our premier Nordic data feed available to its customers on a free trial basis reinforces its position as a market leader and confirms its commitment to giving customers the tools they need to successfully implement their trading strategies."
Nordic Equity TotalView provides detailed information on hundreds of Nordic Exchange-listed companies, offering greater transparency than Level 2. Nordic TotalView real-time trading data includes all the best bids and offers at every price level listed by order directly from NASDAQ OMX's high-speed INET trading engine. Level 2 provides the best bid and ask position for each NASDAQ OMX Nordic market participant registered in an issue.
As part of the product, Nordic Equity TotalView also promptly distributes index values and weights, liquidity measure indicators, and company news regarding corporate actions and annual and interim reports.
For more information about Nordic Equity TotalView, visit http://nordic.nasdaqomxtrader.com/marketdata/dataproducts/Nordic_Equity_TotalView/.
Information on how to access NASDAQ Equity TotalView data for Bloomberg users is available via EIS OME2 AdvisorShares files with the SEC
Source: NASDAQ OMX
March 16, 2010--AdvisorShares has filed a post-effective amendment, registration statement with the SEC for
Mars Hill Global Relative Value ETF
NYSE Ticker: GRV
view filing
Source: SEC.gov