Americas ETP News Older Than 1 year
If your looking for specific news, using the search function will narrow down the results
Commitments of Traders-December 15, 2009
December 17, 2009-On December 15, 2009 the CFTC published the weekly Commitments of Traders Report
The Commitments of Traders (COT) reports provide a breakdown of each Tuesday’s open interest for market reports in which 20 or more traders hold positions equal to or above the reporting levels established by the CFTC.
get reports
Source: CFTC.gov
Claymore files with the SEC
December 18, 2009--Claymore has filed a prospectus with the SEc for
WILSHIRE 5000 TOTAL MARKET ETF
WILSHIRE 4500 COMPLETION ETF
WILSHIRE US REIT ETF
WILSHIRE 5000 EQUAL-WEIGHTED ETF
view filing
Source: SEC.gov
Rydex files with the SEC
December 18, 2009--Rydex has filed a prospectus with the SEC for leveraged ETF products.
view filing
Source: SEC.gov
State Street Global Advisors Lists SPDR® Barclays Capital Short Term Corporate Bond ETF on NYSE Arca
December 17, 2009--NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading theSPDR®Barclays Capital Short Term Corporate Bond ETF(Ticker: SCPB). The ETF is sponsored by State Street Global Advisors.
The fund’s investment objective is to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays Capital 1-3 Year U.S. Corporate Investment Grade Index, which is designed to measure the performance of publicly issued U.S. dollar denominated corporate issues that have a remaining maturity of greater than or equal to 1 year and less than 3 years.
The fund’s prospectus and other fund information are available at www.spdrs.com
Source: NYSE Euronext
Fee Rate Advisory #4 for Fiscal Year 2010
December 17, 2009--Yesterday President Obama signed H.R. 3288, the appropriations bill that includes funding for the Securities and Exchange Commission. Accordingly, effective Dec. 21, 2009, the Section 6(b) fee rate applicable to the registration of securities, the Section 13(e) fee rate applicable to the repurchase of securities, and the Section 14(g) fee rate applicable to proxy solicitations and statements in corporate control transactions will increase to $71.30 per million dollars. The Section 6(b) rate is also the rate used to calculate the fees payable with the Annual Notice of Securities Sold Pursuant to Rule 24f-2 under the Investment Company Act of 1940.
All filings submitted to the SEC before 5:30 p.m., ET, and filings pursuant to Rule 462(b) (17 C.F.R. 230.462(b)) submitted to the SEC before 10:00 p.m., ET, on Dec. 18, 2009, will be subject to the current fee rate of $55.80 per million dollars. Rule 462(b) filings submitted after 10:00 p.m., ET, and all other filings submitted after 5:30 p.m., ET, on Dec. 18, 2009, shall be deemed filed as of the next business day, Dec. 21, 2009, under Section 232.13 of Regulation S-T (17 C.F.R. 232.13), and be subject to the new fee rate of $71.30 per million dollars. Filers with questions about the new Section 6(b), Section 13(e), or Section 14(g) fee rates should call the SEC at (202) 551-8900.
In addition, effective Jan. 15, 2010, the Section 31 fee rate applicable to securities transactions on the exchanges and over-the-counter markets will decrease to $12.70 per million dollars. Until that date, the current rate of $25.70 per million dollars will remain in effect. The Section 31 assessment on security futures transactions will remain unchanged at $0.0042 per round turn transaction. The Office of Interpretation and Guidance in the Commission's Division of Trading and Markets is available for questions regarding Section 31 and may be reached at (202) 551-5777 or by e-mail at tradingandmarkets@sec.gov.
read more
Source: SEC.gov
Claymore files for exemptive relief with the SEC
December 17, 2009-Claymore Advisors has filed for exemptive relief with the SEC to permit Claymore Exchange-Traded Fund Trust 3 to
create and operate one actively managed investment portfolio of the Trust that offers exchange-traded shares ("Shares") that are
redeemable in large aggregations only.
view filing
Source: SEC.gov
Rydex files with SEC
December 17, 2009--Rydes has filed a registation statement-post effective amendment with the SEC.
view filing
Source: SEC.gov
BATS Exchange To Launch Us Primary Listings Market
December 17, 2009--BATS Exchange, a leading and innovative U.S. securities exchange, today announced plans to launch a listings market by summer of 2010.
“BATS has always worked to inject competition into the market while 'Making Markets Better.' Now, as one of the largest stock exchanges in the world, we are excited to once again provide a competitive alternative to incumbent exchanges by expanding into the U.S. listings market,” said Joe Ratterman, chief executive of BATS Global Markets and BATS Exchange.
“Based on feedback from our members, investors and the investment community, we believe there is an incredible opportunity to compete in the listings business and satisfy unmet needs of current and future public companies and exchange-traded funds in the U.S.,” he said. “Stock markets have historically played an important role for companies in gaining access to growth capital, and as a major player among global stock exchanges, we felt it was important for BATS Exchange to help our customers find solutions to their capital needs.”
In just four years, BATS Exchange has captured 10% market share in U.S. equities while BATS Europe, operating as a pan-European multilateral trading facility (MTF), currently executes 8% of the FTSE 100.
In September, BATS Exchange launched the BATS 1000SM Index, a U.S.-listed securities benchmark based on the performance of 1,000 U.S. securities in 10 equally-weighted sectors using a new sector classification system designed by BATS Exchange.
The company also recently filed rules with the SEC to launch U.S. equity options trading and a second U.S. equities exchange (BYX) both slated for launch in early 2010.
Source: BATS
State Street Global Advisors Launches Short Term Corporate Bond ETF
December 17, 2009--State Street Global Advisors (SSgA), the investment management business of State Street Corporation STT, today announced that the SPDR® Barclays Capital Short Term Corporate Bond ETF (Symbol: SCPB) began trading on the NYSE Arca on December 17, 2009. Its annual expense ratio is 0.1245 percent.
Designed to improve access to investment grade short term corporate bonds, the SPDR Barclays Capital Short Term Corporate Bond ETF seeks to track the price and yield performance of the Barclays Capital US 1-3 Year Corporate Bond Index. The index includes corporate issues that have a remaining maturity of greater than or equal to 1 year and less than 3 years, are rated investment grade (average A2/A3 credit rating), and have $250 million or more of outstanding face value. As of November 30, 2009, there were 572 issues included in the Index with an average maturity of 1.91 years.
“As investors look to improve the diversification of their fixed income holdings, demand for precise access to the corporate bond duration curve has increased,” said Anthony Rochte, senior managing director at State Street Global Advisors. “The SPDR Barclays Capital Short Term Corporate Bond ETF can help investors position their portfolios for a potential increase in interest rates, as short-term corporate bonds are historically less sensitive to interest rate movements than longer term issues.”
The SPDR Barclays Capital Short Term Corporate Bond ETF enhances State Street’s growing family of fixed income SPDRs. As of November 30, 2009, the SSgA Funds Management, Inc., the adviser to the SPDR Barclays Capital Short Term Corporate Bond ETF manages managed $9.2B in 18 bond ETFs.
State Street Global Advisors is one of the largest ETF providers in the United States and globally. U.S. assets under management for SPDR ETFs totaled more than $174 billion as of November 30, 2009.
Source: State Street Global Advisors
Adams Express Reviewing Conversion To Actively-Managed ETF
December 17, 2009--As a result of shares constantly trading at a discount, the board of closed-end fund Adams Express Company has been discussing converting to an open-end fund or, more uniquely, an actively managed exchange-traded fund, according to Doug Ober, interested chairman.
"The discount has been about 16% on average for the past several months, which is on the high side for us," Ober said. "Whenever the discount gets out to those kinds of levels the board takes an even stronger interest on ways to have an impact on that discount."
Actively-managed ETFs have found favor as of late with many large fund complexes taking the plunge--most recently including T. Rowe Price--although it has yet to catch on with closed-end funds, according to Cecilia Gondor.
read more
Source: Fund Directions