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U.S. International Reserve Position
December 2, 2009--The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $137,128 million as of the end of that week, compared to $136,107 million as of the end of the prior week.
I. Official reserve assets and other foreign currency assets (approximate market value, in US millions)
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November 27, 2009 |
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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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137,128 |
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(a) Securities |
10,646 |
14,963 |
25,609 |
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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 |
15,413 |
7,293 |
22,706 |
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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 |
13,716 |
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(3) SDRs 2 |
58,648 |
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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) |
5,408 |
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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) |
5,408 |
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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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Source: U.S. Department of the Treasury.
DB Index Research -- Weekly ETF Reports -- US
December 2, 2009--Highlights
ETF Volume
US ETF turnover declined by 3.8% to US$65.7bn in the previous week. Turnover in the S&P 500 SPDR ("Spider") was US$20.3bn. The PowerShares QQQ Nasdaq 100 had turnover of US$4.2bn followed by the iShares Russell 2000 with turnover of US$4.0bn.
There were eight new ETFs launched in the last week. Van Eck Funds launched 1 new ETF on NYSE Arca. Vanguard launched seven new Fixed Income ETF on Nasdaq.
In the previous week, average daily turnover in the Large Cap, US Sector, Leveraged and Global Regional products was US$26.5bn (-5.2%), US$9.8bn (-4.0%), US$9.6bn (-3.6%) and US$5.4bn (1.5%) respectively.
Among the Emerging country ETFs, iShares MSCI Brazil ETF turnover was US$1,380m followed by iShares FTSE/Xinhua China ETF with turnover of US$1,007m. In non-US developed market flows, iShares MSCI Japan had turnover of US$275m. In non-domestic regional flows, emerging market turnover was US$4.1bn and developed markets regional flows EAFE had turnover of US$1.1bn.
Assets under Management (AUM)
Total assets under management for equity based ETFs remained at about the same level in the previous week, AUM were US$572.4bn.
To request a copy of the report
Source: Aram Flores and Shan Lan -DB Index Research
ISE Reports Monthly Volume for November 2009
December 2, 2009--– The International Securities Exchange (ISE) today reported average daily volume of 3.1 million contracts in November 2009.
Average daily trading volume for all options contracts decreased 11.0% to 3.1 million contracts in November as compared to 3.4 million contracts during the same period in 2008. Total options volume for the month decreased 6.3% to 61.1 million contracts from 65.2 million contracts in the same year-ago period.
On a year-to-date basis, average daily trading volume of all options decreased 4.7% to 3.9 million contracts traded. Total year-to-date options volume through November 2009 decreased 5.1% to 900.4 million contracts from 949.1 million contracts in the same period last year.
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Source: International Securities Exchange (ISE)
China Consumer ETF and China Industrials ETF Start Trading on the NYSE Arca
December 1, 2009--
New York-based asset manager Global X Management Company today launched the Global X China Consumer ETF (NYSEArca: CHIQ) and Global X China Industrials ETF (NYSEArca: CHII). These are the first ETFs globally that offer investors targeted access to the rapidly growing China Consumer and Industrial sectors.
The Global X China Consumer ETF seeks to replicate the S-BOX China Consumer Index, which is designed to reflect the performance of the consumer sector in China. As of October 30, 2009, the largest stocks in the Consumer index were food & beverage companies Tingyi and Want Want China, automobile company Dongfeng Motor Group, department store firm Parkson Retail Group, and sports apparel company Li Ning.
Chinese President Hu Jintao recently said that the government is focused on expanding domestic spending, "especially consumer demand." In October, China's retail sales jumped 16.2% from a year earlier.(i) And there is significant room for continued growth: according to Morgan Stanley, "the incremental contribution of Chinese consumers in USD terms to the global consumption of tradable goods started to exceed that of the US in 2007." (ii) This trend is expected to continue as consumer spending currently accounts for only 36% of China's GDP, about half the level of the U.S.
The Global X China Industrials ETF seeks to replicate the S-BOX China Industrials Index, which is designed to reflect the performance of the industrial sector in China. As of October 30, 2009, the largest stocks in the Industrials index were diversified industrial manufacturer BYD Company, infrastructure groups China Communications Construction and China Railway Group, industrial shipping and logistics services company China COSCO Holdings, and building materials firm China National Building Material Group..
China is also spurring its industrials sector with a $580 billion stimulus package directed towards construction, railways, subways and airports. In October, China's industrial output rose 16.1% from a year earlier. (i) According to economic forecasting firm IHS Global Insight, China will overtake the U.S. as the world's largest manufacturer by 2015.
"China is an incredibly efficient manufacturing hub for the world, as well as the main source of growth in global consumer demand," said Bruno del Ama, CEO of Global X Management. "The China Industrials ETF and China Consumer ETF provide efficient and diversified access to these China manufacturing and consumption themes."
These ETFs are part of a family of China sector ETFs, which also includes the China Energy ETF (ticker: CHIE), China Financials ETF (ticker: CHIX), China Materials ETF (ticker: CHIM), and China Technology ETF (ticker: CHIN). These other China sector ETFs are not yet available for purchase.
Source: Global X
The Options Industry Council Announces November Options Trading Volume Increased 8 Percent
December 1, 2009--The Options Industry Council (OIC) announced today total options trading volume in November reached 265,052,803 contracts, up 8.24 percent compared to November 2008 volume of 244,882,521 contracts.
Daily trading volume for November 2009 averaged 13,252,641 contracts compared to 12,888,554 contracts each day in November 2008, a 2.82 percent increase.
Year-to-date trading volume for November stood at 3,317,653,597 contracts compared to the same point last year when 3,361,205,369 contracts were traded, representing a 1.30 percent decrease. Year-to-date trading volume averaged 14,424,581 contracts each day through November, 0.87 percent lower than the 14,550,672 contracts averaged each day for the same period last year.
OIC also reported that equity options volume in November came in at 242,891,866 contracts, an increase of 8.78 percent over the 223,292,150 contracts traded during the same period last year. Daily equity options volume had an average of 12,144,593 contracts per day in November, which is 3.34 percent more than the same period last year when 11,752,218 contracts were averaged each day. Year-to-date equity options stood at 3,093,174,324 contracts, representing an increase of .39 percent compared to the same point last year when 3,081,231,110 contracts were traded.
Source: Options Industry Council
CBOE November Daily Volume Averages 4.2 Million Contracts - Year-To-Date Volume Exceeds One Billion Contracts
December 1, 2009--The Chicago Board Options Exchange (CBOE) today reported that trading volume during November 2009 averaged 4.2 million contracts per day, down eight percent from November 2008 average daily volume (ADV) of 4.6 million contracts. Total options volume during the month dropped three percent to 84.2 million contracts from 86.7 million in November 2008.
Year to date through November, CBOE trading volume exceeded one billion contracts, a seven-percent decline from the same period in 2008 when 1.1 billion contracts changed hands.
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Source: CBOE
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
December 1, 2009-Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Tuesday, December 1, 2009:
The shares of Legacy Oil & Gas Inc. (TSXVN:GLM.A) will be removed from the index.
The company will graduate to trade on TSX under the ticker symbol "LEG".
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
PIMCO Launches Actively Managed Muni Bond ETF
December 1, 2009-PIMCO launched the Intermediate Municipal Bond Strategy Fund (MUNI) today, advancing its march into the market for actively managed exchange-traded funds.
MUNI is the first actively managed municipal bond ETF, according to Don Suskind, a PIMCO vice president and head of the firm’s ETF product management team. The fund aims to give investors high quality, intermediate maturity municipal bonds whose income is exempt from federal and, in some cases, state tax. It will also avoid the alternative minimum tax, says Bob Fields, senior vice president and product manager for municipal bonds. MUNI will have a net expense ratio of 0.35%.
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Source: Financial Planning
Claymore files prospectus with the SEC
December 1, 2009--Claymore has filed a prospectus with the SEC prospectus relatating to two funds
Claymore China Consumer ETF
Claymore China Infrastructure ETF
view filing
Source: SEC.gov
Claymore files with SEC
December 1, 2009-Claymore has filed a post-effective Amedment with the SEC for
CQQQ -Claymore China Technology ETF
view filing
Source: SEC.gov