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AdvisorShares Launches Rockledge SectorSAM ETF (SSAM)
January 13, 2012--Choppy markets and an uncertain outlook have pushed many investors to seek more active methods in their investing strategies. While the majority of the investors playing these trends stay in the mutual fund space, a number of them have begun to cross over into the ETF world, and for good reason. Active ETFs offer investors the same watchful eye of a manager but can often do so at a much cheaper cost.
Furthermore, ETFs offer investors the chance to see what the holdings are in their fund on a daily basis and to sell and buy shares throughout a trading session, increasing flexibility and transparency. Thanks to these advantages, assets in the active ETF space are slowly marching higher while a number of issuers continue to add more choices in this increasingly diverse space (also read HDGE: The Active Bear ETF Under The Microscope).
Invesco PowerShares Expands Low Volatility Family of ETFs
PowerShares S&P 500(R) Low Volatility Portfolio (SPLV) Surpasses $1 Billion in AUM
January 13, 2012--Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today that trading has begun on NYSE Arca for two new PowerShares ETFs that provide investors with access to low volatility strategies covering emerging and developed markets.
The portfolio names and ticker symbols are as follows.
PowerShares S&P Emerging Markets Low Volatility Portfolio (EELV)
PowerShares S&P International Developed Low Volatility Portfolio (IDLV)
Following the successful launch of the PowerShares S&P 500® Low Volatility Portfolio (SPLV), which has attracted the highest monthly inflows of all ETFs listed in 2011 and over $1 billion in AUM, the two new ETFs expand PowerShares' suite of low volatility strategies to include key market segments outside of the United States providing investors with further diversification opportunities. The three ETFs are designed to work synergistically to optimize investors' global low volatility exposures and reduce overall portfolio risk.
Standard & Poor's Announces Quarterly Review Of S&P/TSX Preferred Share Index And The S&P/TSX Venture Select Index
December 13, 2012--Standard & Poor's Canadian Index Operations announces the following index changes as a result of the quarterly S&P/TSX Preferred Share Index and S&P/TSX Venture Select Index Reviews.
These changes will be effective at the open on Monday, January 23, 2012:
Direct Access Partners, LLC Announces the Launch of ETF Liquid
Proven international team offers pricing and trading of international ETFs closer to true Net Asset Value
New division enhances the firm’s international trading capability – now offers 24/6 coverage
January 12, 2012 – Direct Access Partners, LLC, (DAP) the customer-focused, multi-asset trading partner to a diverse range of clients including pension funds, mutual funds, hedge funds and RIAs, today announced the launch of ETF Liquid.
ETF Liquid provides a centralized source of aggregated liquidity in the overnight market for Exchange Traded Funds. ETF Liquid offers enhanced pricing and greater market depth for Direct Access Partners’ institutional client base. The group acts in an agency-only capacity ensuring conflict-free, anonymous trading.
WisdomTree Announces Investment Sub-Advisory Relationship With Western Asset Management for Fixed Income ETFs in Credit Space
Western Asset Management is One of the World's Leading Global Fixed Income Managers
January 12, 2012--WisdomTree, an exchange-traded fund ("ETF") sponsor and asset manager, today announced a new investment sub-adviser relationship with Western Asset Management, a subsidiary of Legg Mason.
The collaboration will be in the global fixed income area with a focus on credit products.
"We are pleased to tap the expertise of the Western team, one of the world's leading fixed income managers, as we look to build on our progress in the international fixed income space," said Bruce Lavine, WisdomTree President & COO.
ProShares Launches First Breakeven Inflation ETFs
January 12, 2012—ProShares, the country's fourth most successful exchange traded fund (ETF) company,1 today announced the launch of ProShares 30 Year TIPS/TSY Spread (NYSE: RINF) and ProShares Short 30 Year TIPS/TSY Spread (NYSE: FINF), the first ETFs designed to provide exposure to breakeven inflation,2 a widely followed measure of inflation expectations. The ETFs list on NYSE Arca today.
The two new ProShares ETFs are:
RINF—seeks to match the performance of the Dow Jones Credit Suisse 30-Year Inflation Breakeven Index, before fees and expenses.
FINF—seeks to provide the inverse of the daily performance of the Dow Jones Credit Suisse 30-Year Inflation Breakeven Index, before fees and expenses.
"Many investors are focused on inflation and closely follow breakeven inflation, a common yardstick for inflation expectations," said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares' investment advisor. "We are pleased to offer investors the first ETFs linked to this important economic indicator."
Breakeven inflation aims to isolate the market's expectation of inflation implied by the difference in yields between Treasury Inflation Protected Security (TIPS) and Treasury bonds. The Dow Jones Credit Suisse 30-Year Inflation Breakeven Index tracks the returns of a long position in 30-year TIPS and a short position in Treasury bonds.
iShares Provides Expanded Access to Developed Market Equities With Launch of Three New Funds
The Only ETFs to Offer MSCI World, Hong Kong Small Cap and Singapore Small Cap Exposure
January 12, 2012-- BlackRock, Inc. today announced that its iShares® Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, has launched three new equity ETFs on the NYSE Arca. The ETFs are the iShares MSCI World Index Fund (URTH), iShares MSCI Hong Kong Small Cap Index Fund (EWHS) and iShares MSCI Singapore Small Cap Index Fund (EWSS).
The iShares MSCI World Index Fund responds to client interest in a global developed equities "pure play" without emerging markets exposure, while the Hong Kong Small Cap and Singapore Small Cap ETFs offer access to smaller developed markets, according to Darek Wojnar, Head of U.S. iShares Product Development and Management at BlackRock.
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
December 12, 2012--Standard & Poor's will make the following changes in the S&P/TSX Composite Index:
Meadow Bay Gold Corporation (TSXV: MAY) will graduate to trade on TSX at the open of trading on Monday, January 16, 2012. The ticker symbol will remain "MAY" and the CUSIP number will remain 583081 10 4.
The company will be removed from the S&P/TSX Venture Composite Index after the close of trading on Friday, January 13, 2012.
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.
SEC tightens leash on exchanges post "flash crash"
January 12, 2012--The May 2010 "flash crash" was bad for almost everyone involved in the stock market, but for the Securities and Exchange Commission, it was a disaster.
With $1 trillion in shareholder equity wiped out in a matter of minutes - however temporarily - alarmed investors demanded answers.
Embarrassingly, the heads of the New York Stock Exchange and Nasdaq Stock Market got into a spat on television, blaming each other for the mess, and the SEC realized that it didn't have the information to explain what caused the scariest few minutes in recent Wall Street history.
Dow Jones Indexes To License Dow Jones Credit Suisse 30-Year Inflation Breakeven Index For ProShares 30 Year TIPS/TSY Spread ETF and ProShares Short 30 Year TIPS/TSY Spread ETF
Along With Dow Jones Credit Suisse 10-Year Inflation Breakeven Index,
New Index Family Seeks to Track Market Expectations for Long-Term Inflation
With Inflation at Historic Lows, Increasing Global Demand for Commodities, and Low Interest Rates, the Climate Seems Right for Inflation Index Products
JANUARY 12, 2012 — Dow Jones Indexes, a leading global index provider, today announced that ProShares® has licensed the new Dow Jones Credit Suisse 30-Year Inflation Breakeven Index to serve as the basis for both the ProShares 30 Year TIPS/TSY Spread ETF and the ProShares Short 30 Year TIPS/TSY Spread ETF.
The ETFs were launched today by ProShares; all of the ProShares ETFs in the series will trade on the NYSE Arca.
The Dow Jones Credit Suisse 30-Year Inflation Breakeven Index was also launched today as was the Dow Jones Credit Suisse 10-Year Inflation Breakeven Index.
The Dow Jones Credit Suisse Inflation Breakeven Indexes, an extension of the Dow Jones Long-Term Inflation Indexes family, is designed to provide investors with tools for tracking the market’s expectations for long-term inflation. The indexes leverage a methodology developed by the Fixed Income Index Products Group in Credit Suisse Group’s New York office.
BATS Announces First Primary Listings - Welcomes New iShares ETFs - Leading ETF Issuer To Launch Inaugural Listings On BATS Exchange - New ETFs Based On MSCI Indexes
January 12, 2012 – BATS Global Markets (BATS), a global operator of stock and options markets, today announced that BlackRock, Inc.’s (NYSE: BLK) iShares® Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, will list eight new ETFs on BATS Exchange, marking BATS’ first primary listings.
The iShares MSCI Norway Capped Investable Market Index Fund is scheduled to commence trading on BATS Exchange on January 24 and the remaining seven funds will begin trading soon after.
“iShares is one of the leading global providers of exchange-traded products and we are proud to kick off the new year by welcoming their new products to our market. The innovation and leadership that iShares brings to capital markets makes them the perfect partner for our first primary listings,” said Joe Ratterman, Chairman and CEO of BATS Global Markets. “iShares’ decision to list on BATS underscores the commitment that we are placing on ensuring our market is issuer-focused and concentrates on market quality.”
Financial Times Says ETFs Are Reaching A Saturation Point
January 12, 2012--The U.S. ETF market may be getting saturated, says the Financial Times, as the appetite for new funds wanes. Last year, a record 302 exchange traded products were launched, a little less than the 389 funds that made up the entire market in 2007. At the end of 2011, there were 1,369 ETPs with more than $1 trillion in assets under management.
However, of the 190 ETFs launched in the first six months of 2011, 79% failed to reach the profitability mark of $30 million in assets under management, according to XTF, an ETF-focused research house. This was up from 62% in 2010 and less than half in 2009. Fewer assets in the funds means less liquidity and wider bid-ask spreads. Mel Herman, the head of XTF, says, said: “Most popular indices already have an ETF tracking them, so issuers are launching more and more niche products.”
State Street Global Advisors Introduces the First Emerging Asia Pacific Small Cap Exchange Traded Fund
January 12, 2012 — State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT), today announced that the SPDR® S&P® Small Cap Emerging Asia Pacific ETF (Symbol: GMFS) began trading on the NYSE Arca on January 12, 2012.
The first emerging Asia Pacific small cap ETF, the new fund provides investors with access to companies poised to benefit from the growth of emerging Asia’s middle class. Its annual expense ratio is 0.65 percent.
The SPDR S&P Small Cap Emerging Asia Pacific ETF seeks to track the performance of the S&P Asia Pacific Emerging Under $2 Billion Index. The Index is a float-adjusted market capitalization weighted benchmark that includes publicly listed companies with a total market capitalization between $100 million and $2 billion. Each individual stock is capped at a maximum of 25 percent of the index weight, and the top five stocks are capped at a maximum of 50 percent of the index weight. Among the countries historically covered in the Index are China, India, Indonesia, Malaysia, Philippines, Taiwan, and Thailand. As of December 31, 2011, the Index was comprised of 1,455 securities.
“Emerging market small cap stocks are an attractive opportunity for many investors, as broad emerging market equity funds are often dominated by large cap companies that rely on developed world demand,” said James Ross, senior managing director and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “In providing investors with precise access to an asset class with the potential to provide portfolio growth and diversification benefits, the SPDR S&P Small Cap Emerging Asia Pacific ETF enhances our family of emerging market SPDR ETFs, which includes the SPDR S&P Emerging Markets Small Cap ETF.”
State Street manages more than $271** billion in SPDR ETF assets worldwide (as of December 31, 2011) and is one of the largest ETF providers globally.
Canadians can’t get enough of exchange traded funds. In 2011, asset growth hit 13 per cent, pushing the total figure now invested in ETFs to $43-billion, according to National Bank Financial
January 12, 2011--Canadians can’t get enough of exchange traded funds. In 2011, asset growth hit 13 per cent, pushing the total figure now invested in ETFs to $43-billion, according to National Bank Financial.
While the latest annual jump isn’t as large as the few years prior, it was still an impressive feat considering that the ETF market is becoming more mature. NBF analysts attributed the continued growth to investors seeking income and safety, and that shows in the top selling ETFs, which included covered call strategies and bond funds. Conversely, commodity ETFs that centre on crude and natural gas saw the biggest outflows last year.
CFTC.gov Financial Data for Futures Commission Merchants Update
January 12, 2012--Selected FCM financial data as of November 30, 2011 (from reports filed by January 2, 2012) is now available.
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