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iShares files with the SEC
December 28, 2009--iShares has filed a registration statement with the SEC for
iShares MSCI All Pero Capped Index Fund
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Source: SEC.gov
Oil jumps above $79
December 28, 2009--Oil prices jumped above $79 barrel on Monday, rising to the highest level in seven weeks as an extended cold snap in the US triggered an end-of-year rally in energy futures.
Benchmark crude for February delivery added 78 cents to $78.83 a barrel in light, holiday trading on the New York Mercantile Exchange. Prices rose as high as $79.12 earlier in the day, the highest since November 5.
Prices for oil, natural gas and heating oil have all grown this month as snow storms blanketed parts of the country and a sharp drop in supplies of crude and other fuels surprised traders. More frigid temperatures are expected, with up to 4 inches (10 centimeters) of snow forecast for New England, and up to 7 inches of snow along the eastern shores of the Lower Great Lakes.
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Source: Fin 24
ETFS platinum/palladium funds closer to US listing
December 24, 2009--The first platinum and palladium exchange-traded funds proposed for the United States have cleared one major hurdle with U.S. market regulators bringing the products a step closer to final approval.
The U.S. Securities and Exchange Commission approved a proposed rule change on Tuesday to list and trade shares of the Platinum and Palladium Trusts proposed by London-based ETF Securities, the SEC's website said on Thursday.
Analysts anticipated a rush of investment dollars into platinum and palladium if the SEC gives its final nod. Prices of the precious metals, used mostly for making the catalytic converters that reduce exhaust emissions in vehicles, rallied on the news.
Platinum futures jumped 3 percent and palladium rose 8 percent in New York. The spot price of platinum hit a one-week high above $1,466, while palladium surged to three-week peaks at $381 per ounce.
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Source: Interactive Investor
Goldman Sachs files with the SEC
December 24, 2009--Goldman Sachs has filed with the SEC for exemptive relief.
view filing
Source: SEC.gov
ETF Securities not raising fees on Swiss gold and silver ETFs
December 23, 2009--ETF Securities USA says the expense ratios for ETFS Physical Swiss Gold Shares and ETFS Physical Silver Shares will remain unchanged following recent client and press inquiries.
Total assets under management for ETFS Physical Swiss Gold Shares and the ETFS Physical Silver Shares now exceed USD540m as of 8 December 2009.
The speculation follows the recent news that Powershares DB are raising the expense ratios on PowerShares DB Gold Fund and PowerShares DB Silver Fund will go from 0.50 per cent to 0.75 per cent.
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Source: ETF Express
MacroShares Major Metro Housing reaches an early termination trigger
December 21, 2009--Today MacroShares Housing Depositor announced the termination of the
MacroShares Major Metro Housing Up
Trust (UMM) and MacroShares Major
Metro Housing Down Trust (DMM) due to assets on deposit being less than $50 Million. Their respective registration statements provide for a termination when “the amount of cash and treasuries on deposit in the Up Trust and/or Down Trust is less than fifty (50) million dollars per trust on any business day and we elect, in our discretion, to terminate the paired trusts.”
UMM and DMM will continue to trade on NYSE Arca until the closing of the last day of trading, which will be December 28, 2009. On January 6, 2010, a final distribution payment will be made to the UMM and DMM shareholders of record as of December 31st based on the
underlying value of the Up and Down MacroShares Trusts. The underlying value of the trusts will be determined based on the November 24, 2009 release of the Reference Value of the S&P/Case-Shiller Composite-10 Home Price Index.
MacroShares Housing Depositor, estimates that early termination expenses for UMM and DMM in connection with the early termination of the MacroShares Major Metro Housing Trusts, will range from $0.85 to $0.90 per share, based on 430,000 shares of each Trust currently outstanding. These early termination expenses, along with regular ongoing daily expenses shall be accrued ratably, commencing December 22ndh, through December 28th, the last day on which shares of each Trust will trade.
Source: MacroShares
Notice to Investors in Certain ProShares ETF Funds of Filing Deadlines and Submission of Investor Reply Briefs by Gilman and Pastor LLP -- SCO, DIG, SMN
December 23, 2009--Gilman and Pastor LLP is investigating claims on behalf of all persons who purchased or otherwise acquired shares in the ProShares UltraShort DJ AIG Crude Oil (NYSE:SCO); Ultra Oil & Gas (NYSE:DIG); and UltraShort Basic Materials (NYSE:SMN).
The ProShares Funds are exchange-traded funds ("ETF") offered by ProShares Trust ("ProShares") and Plaintiffs and class members were damaged pursuant or traceable to ProShares' false and misleading Registration Statement, Prospectuses, and Statements of Additional Information (collectively, the "Registration Statement"). The Plaintiffs seek a Class and Subclasses for the ProShares Fund purchased by the Plaintiffs. The Class is seeking recovery for investors under Sections 11 and 15 of the Securities Act of 1933 (the "Securities Act").
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Source: Gilman and Pastor LLP
iShares files with the SEC
December 23, 2009-iShares has filed a post-effective amedment and registration statement with the SEC.
view filing
Source: SEC.gov
John Hancock files with the SEC
December 23, 2009-John Hancock has filed an application for exemptive relief from the SEC for actively managed ETFs.
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Source: SEC.gov
ELX Futures To Launch New Ultra Long-Term U.S Treasury Bond Futures Contract In January - New Ultra Long-Term Bond Futures Contract To Begin Trading January 11, 2010
December 23, 2009--ELX Futures, L.P. (ELX Futures), a new fully electronic futures exchange, announced today that it will launch its new Ultra Long-Term U.S. Treasury Bond Futures contract on Monday, January 11, 2010. The new Ultra Long-Term bond contract will join ELX’s suite of U.S Treasury futures products already trading, including the 2, 5 and 10 Year Notes and the 30 Year Bond.
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “We are pleased to launch our fifth new U.S. Treasury product to compliment our current suite of futures contracts. ELX Futures will continue to add and grow its product offerings and provide new opportunities for our market participants to take advantage of our fully electronic marketplace and competitive fee structure.”
ELX Futures will initially list three contract months of the Ultra Long-Term Bond on a quarterly cycle and the associated calendar spreads, beginning with the March, 2010 contract. The current fee schedule and trading hours for the existing ELX U.S. Treasury Futures contracts will apply.
Source: ELX Futures