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PowerShares files prospectus with SEC
November 10, 2009-PowerShares has filed a post-effective prospectus with the SEC for the
PowerShares Build America Bond Portfolio – BAB
view filing
Source: SEC.gov
CFTC Adopts Amendments to Reporting Requirements for Commodity Pool Operators
November 9, 2009--The Commodity Futures Trading Commission (CFTC) has adopted amendments to its regulations regarding periodic and annual reporting requirements applicable to commodity pool operators (CPOs). The amendments:
• specify detailed information that must be included in the periodic account statements and annual reports for commodity pools with more than one series or class of ownership interest;
• clarify that the periodic account statements must disclose either the net asset value per outstanding participation unit in the pool or the total value of a participant’s interest or share in the pool;
• extend the time period for filing and distributing annual reports of commodity pools that invest in other funds;
• codify existing Commission staff interpretations regarding the proper accounting treatment and financial statement presentation of certain income and expense items in the periodic account statements and annual reports;
• codify exemptions staff has provided to CPOs that operate offshore funds that elected to use non-United States GAAP in the preparation of pool financial statements;
• streamline annual reporting requirements for pools ceasing operation; and
• clarify and update several other requirements for periodic and annual reports prepared and distributed by CPOs.
The amendments will become effective 30 days from publication in the Federal Register; changes that affect annual reporting requirements will be applicable to commodity pool annual reports for fiscal years ending December 31, 2009 and later.
Source: CFTC.gov
Van Eck files prospectus with SEC
November 9, 2009--Van Eck files prospectus with the SEC for the
MARKET VECTORS JUNIOR GOLD MINERS ETF
Total Net Annual Fund Operating Expenses-0.60 %
view filing
Source: SEC.gov
BM&FBOVESPA announces October 2009 market performance
November 6, 2009-- In October 2009, equity markets (Bovespa segment) registered historic marks in financial volume daily averages, which totaled BRL 7.34 billion, with 436,250 trades. The October volume was BRL 154.25 billion, with 9,161,252 trades.
Home Broker, a web-based equities trading system, set six trading records, and reached its highest trading volume ever with BRL 60.99 billion and the number of individual investor accounts came to 555,768 for the first time.
Derivatives markets in the BM&F segment (including financial and commodities derivatives) totaled 34,670,732 contracts and BRL 2.38 trillion in volume in October. That compares to 31,505,077 contracts and a volume of BRL 2.12 trillion in September. The daily average of contracts in the derivatives markets in October was 1,650,987, compared to 1,500,242 in the previous month. BM&F segment highlight for October was the Ibovespa futures market that jumped from 1,443,420 contracts traded in September, to 2,304,720 traded in October.
BOVESPA Segment (Equities)
Volumes and Trades – Equities, Equities Derivatives and Fixed Income The Bovespa markets reached a total volume of BRL 154.25 billion in 9,161,252 trades in October, with daily averages of BRL 7.34 billion and 436,250 trades, respectively. In September, total volume reached BRL 114.23 billion in 7,143,911 trades. September daily averages reached BRL 5.43 billion and 340,186 trades. The most traded stocks in September were: Vale PNA, with BRL 15.05 billion; Petrobrás PN, with BRL 12.77 billion; Itauunibanco PN, with BRL 5.26 billion; BMFBovespa ON , with BRL 5.23 billion; and OGX Petróleo ON, with BRL 5.16 billion.
Indexes The Ibovespa ended October 0.04% higher at 61,545 points. Best performing stocks were: CCR Rodovias ON (+14.81%); Bradespar PN (+11.81%); Gerdau PN (+10.74%); Vale ON (+9.95%); and TAM S/A PN (+9.78%).Worst performing stocks were: Rossi Resid On (-17.26%); Aracruz PNB(-16.71%); VCP ON (-16.41%); Embraer ON (-12.78%); and BMFBovespa ON (-12.71%). In addition to the Ibovespa, the following stock exchange indexes also ended September up: IBrX-50 (+0.22% at 8,709 points); IBrX-100 (+0.35% at 19,642 points); ITEL (+0.74% at 1,362 points); INDX (+1.40% at 9,100 points); Small Cap (+2.62% at 993 points); MidLarge Cap (+0.20% at 874 points); and Iconsumo (+1.49% at 1,207 points). The remaining stock exchange indexes ended September down: ISE (-3.56% at 1,701 points); IEE (-1.09% at 22,086 points); IVBX-2 (-0.79% at 5,008 points); IGC (-0.43% at 6,033 points); ITAG (-1.76% at 7,835 points); and Imobiliário (-4.42% at 817 points).
ETFs
The financial volume registered in October by the four BM&FBOVESPA Exchange-Traded Funds (ETFs) reached BRL 537.95 million, in contrast to BRL 557.86 million in September. ETFs BOVA11, SMAL11, MILA11, and PIBB11 registered 7,411 trades. In the previous month, the number of trades was 8,366. ETF BOVA11 reached the highest financial volume in October, with BRL 435.64 million, in comparison to BRL 484.17 in September.
read more
Source: CME Group
Frank Statement on Derivatives
November 6, 2009--Today, Financial Services Committee Chairman Barney Frank (D-MA) released the following statement regarding a response received from Commodity Futures Trading Commission Chairman Gary Gensler. Chairman Gensler’s letter was responding to Chairman Frank’s Nov. 4 letter.
“I appreciate Chairman Gensler’s agreeing that we should change the provision of the derivatives bill that he requested that would have put the clearinghouses in charge of determining that a trade is clearable. As some people pointed out, this could have given rise to a conflict of interest, given the financial stake that many firms have in the ownership of clearinghouses. While Chairman Gensler originally had indicated that making the clearing determination would be burdensome for the CFTC and thus should be left to the clearinghouses, I am now pleased that he agrees that the regulators should take on this function, which is preferable to the potential conflict.
“Our committee will work with the CFTC and the SEC in providing them the authority to make these decisions in as an efficient and expeditious manner as possible.”
Source: House Financial Services Committee
Emerging Global Shares files with the SEC
November 6, 2009--Emerging Global Shares has filed a prospectus with the SEC for the following funds
Emerging Global Shares INDXX India Infrastructure Index Fund
Emerging Global Shares INDXX China Infrastructure Index Fund
Emerging Global Shares INDXX Brazil Infrastructure Index Fund
Emerging Global Shares INDXX India Mid Cap Index Fund
Emerging Global Shares INDXX China Mid Cap Index Fund
Emerging Global Shares INDXX Brazil Mid Cap Index Fund
Emerging Global Shares INDXX Growing Asia Large Cap Index Fund
view filing
Source: SEC.gov
Claymore Files with the SEC
November 6, 2009--Claymore has filed a prospectus with the SEC for the following funds
CLAYMORE CORPORATE BOND 2011 ETF
CLAYMORE CORPORATE BOND 2012 ETF
CLAYMORE CORPORATE BOND 2013 ETF
CLAYMORE CORPORATE BOND 2014 ETF
CLAYMORE CORPORATE BOND 2015 ETF
CLAYMORE CORPORATE BOND 2016 ETF
CLAYMORE CORPORATE BOND 2017 ETF
CLAYMORE CORPORATE BOND 2018 ETF
CLAYMORE CORPORATE BOND 2019 ETF
CLAYMORE CORPORATE BOND 2020 ETF
view filing
Source: SEC.gov
FAITHSHARES files a prospectus with the SEC
November 6, 2009-Faithshares has filed a prospectus with the SEC for the following funds
FaithShares Baptist Values Fund [ FZB: NYSE Arca]
Investment Objective
The Baptist Values Fund’s investment objective is to track the performance, before fees and expenses, of the FaithShares Baptist Values Index, a custom index developed by FTSE KLD Indexes.
Total Annual Fund Operating Expenses:0.87%
FaithShares Catholic Values Fund [ FCV: NYSE Arca]
Investment Objective
The Catholic Values Fund’s investment objective is to track the performance, before fees and expenses, of the FaithShares Catholic Values Index, a custom index developed by FTSE KLD Indexes.
Total Annual Fund Operating Expenses:0.87%
FaithShares Christian Values Fund [ FOC: NYSE Arca]
Investment Objective
The Christian Values Fund’s investment objective is to track the performance, before fees and expenses, of the FaithShares Christian Values Index, a custom index developed by FTSE KLD Indexes.
Total Annual Fund Operating Expenses:0.87%
FaithShares Lutheran Values Fund [ FKL: NYSE Arca]
Investment Objective
The Lutheran Values Fund’s investment objective is to track the performance, before fees and expenses, of the FaithShares Lutheran Values Index, a custom index developed by FTSE KLD Indexes.
Total Annual Fund Operating Expenses:0.87%
FaithShares Methodist Values Fund [ FMV: NYSE Arca]
Investment Objective
The Methodist Values Fund’s investment objective is to track the performance, before fees and expenses, of the FaithShares Methodist Values Index, a custom index developed by FTSE KLD Indexes.
Total Annual Fund Operating Expenses:0.87%
View filing
Source: SEC.gov
Index IQ files with the SEC
November 6, 2009--Index IQ has filed for exemptive relief with the SEC for Debt Funds, Debt-Equity Index Funds
and 130/30 Funds.
View filing
Source: SEC.gov
Claremont files with the SEC
November 6, 2009--Claremont Investment Partners, LLC has filed a PRELIMINARY PROSPECTUS with the SEC for
NASDAQ OMX® INDUSTRY LEADERS® INDEX FUND.
OBJECTIVE OF THE FUND
The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the NASDAQ OMX® Industry Leaders® Index.
Total Annual Fund Operating Expenses:0.49%
PRINCIPAL INVESTMENT STRATEGY OF THE FUND
The Fund employs a “passive management”—or indexing—investment approach designed to track the performance of the NASDAQ OMX® Industry Leaders® Index, which is based on an investment process that creates an index portfolio of between 65 and 85 large cap Blue Chip companies — in 45 to 60 industries — with superior credit quality.
view filing
Source: SEC.gov