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iShares files with SEC
November 5, 2009--iShares has filed a prospectus with the SEC for
the
iSHARES MSCI FAR EAST FINANCIAL SECTOR INDEX FUND
view filing
Source: SEC.gov
iShares files with SEC
November 5, 2009--iShares has filed a prospectus with the SEC for
the iSHARES MSCI EMERGING MARKETS FINANCIAL SECTOR INDEX FUND
view filing
Source: SEC.gov
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
November 5, 2009--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Thursday, November 5, 2009:
The shares of Selkirk Metals Corp. (TSXVN:SLK) will be removed form the index. The company is being delisted from the TSX Venture Exchange following the completion of an Arrangement Agreement whereby the company has been acquired by Imperial Metals Corp.
The shares of Tonbridge Power Inc. (TSXVN:TBZ) will trade on a consolidated basis following a 1-for-10 consolidation. The new CUSIP number will be 890219 50 4.
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
Texas Gets Its Own Exchange Traded Fund: Product Designed to Track the SPADE Texas Index Launched
November 4, 2009--SPADE Indexes, a developer of proprietary indexes and benchmarks, today celebrated the launch by OOK Advisors of their TXF 'Texas' ETF (NYSEarca: TXF). The exchanged traded fund is designed to track the SPADE Texas Index (AMEX: TEXAS), developed to benchmark the performance of the largest companies headquartered in the state.
The Texas fund joins the OOK Oklahoma ETF (NYSEarca: OOK), launched last week, as the only state-focused ETFs in the marketplace.
Currently 85 companies represent the top 90% by market capitalization of companies headquartered in Texas and include firms such as: ExxonMobil, Dell, AT&T, and Schlumberger. Year-to-date the index is up 30.4% and the Index has bettered the broader market in each of the past five years.
Both the Oklahoma and Texas indexes are modified capitalization-weighted, rebalanced quarterly, and comprised of companies that meet a set of minimum criteria including a $5 share price, a $100 million market cap, and sufficient liquidity. Additional information regarding the index rules, methodology, current constituents, and historical performance can be found at www.spadeindexes.com.
According to Scott Sacknoff, president of SPADE Indexes, “There are no two states in this nation whose citizens are as proud of their hometown as those that reside in Texas and Oklahoma. And both are examples of states that put business first. Texas, if an independent nation, would have the twelfth largest GDP in the world, just behind Brazil and Russia, and is consistently rated one of the best states for business and regulation. Likewise, Oklahoma is considered a top state for business and CNN/Money recently ranked it the #1 place to launch a new business and called it, “stable, affordable…with a diverse local economy”. Although both states feature economies heavily dependent on energy, there is remarkable diversification among the business activities of the index constituents. SPADE Indexes is proud to partner with local financial institutions like OOK Advisors and Capital West Securities in bringing these products to market”.
The two regional ETFs offered by Oklahoma City-based OOK Advisors join the Powershares Aerospace & Defense ETF (NYSE: PPA) as exchange traded products that track indexes developed by SPADE Indexes.
Source: SPADE Indexes
TXF Funds, Inc. Lists TXF Large Companies ETF on NYSE Arca
November 8, 2009--NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the TXF Large Companies ETF(Ticker: TXF). The ETF is sponsored by TXF Funds, Inc. and advised by OOK Advisors, LLC.
TXF Large Companies ETF seeks to track the performance, before fees and expenses, of the SPADE Texas Index, which is a modified market capitalization weighted index comprised of publicly traded companies that have their headquarters in Texas.
Source: NYSE Euronext
US Commodity Funds May Launch Argus Oil ETF
November 4, 2009-The company that manages the world's largest exchange- traded fund for oil may launch an ETF tied to the Argus sour crude index.
"Absolutely, if that's what people find useful," John Hyland, chief investment officer for United States Commodity Funds, told Dow Jones Newswires on the sidelines of a conference in New York. Hyland's firm manages the United States Oil Fund (USO) and the United States Natural Gas Fund (UNG). Each is the largest single-commodity ETF in its market.
London-based Argus Media got a major boost for its index when it announced last week that Saudi Aramco, the state oil company of Saudi Arabia, the world's biggest oil exporter, would begin using the benchmark to price oil sold in the U.S. Many oil market participants believe other major exporters could soon follow.
read more
Source: Dow Jones Newswire
FaithShares files with SEC
November 4, 2009--Faithshares has filed an amended application for exemptive relief with the SEC
The Initial Funds that will be offered by the Trust are:
FaithShares Baptist Values Fund,
FaithShares Catholic Values Fund,
FaithShares Christian Values Fund,
FaithShares Lutheran Values Fund,
and FaithShares Methodist Values Fund
The index provider for the Initial Funds’ Underlying Indexes is FTSE/KLD Research and Analytics, Inc. (“FTSE/KLD”).
view filing
Source: SEC.gov
Focus Shares files with the SEC
November 4, 2009--Focus Shares has filed an amended appliction for exemptive relief with the SEC.
The new funds are:
Progressive Capital Preservation 2015 Target Date Index
Progressive Capital Preservation 2020 Target Date Index
Progressive Capital Preservation 2025 Target Date Index
Progressive Capital Preservation 2030 Target Date Index
Progressive Capital Preservation 2035 Target Date Index
Progressive Capital Preservation 2040 Target Date Index
view filing
Source: SEC.gov
Goldman benefits from trading bonanza
November 4, 2009-Traders at Goldman Sachs recorded only one daily loss in the third quarter, highlighting the trading bonanza sweeping Wall Street as central banks continue to pump billions of dollars into the financial system.
The performance – revealed on Wednesday in a regulatory filing – compares with two losing trading days in the previous quarter and confirms that the authorities’ drive to revive markets after the crisis is yielding huge windfalls for some banks.
read more
Source: FT.com
NSX Releases October 2009 ETF/ETN Data Report
November 4, 2009--National Stock Exchange, Inc. (NSX®) announced that assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) totaled approximately $707.4 billion at October 2009 month-end, an increase of approximately 44% over October 2008 month-end when assets totaled $493 billion.
October 2009 net cash inflows from all ETFs/ETNs totaled approximately $8.8 billion, bringing the year-to-date total net inflow to over $72 billion. At the end of October 2009, the number of listed products totaled 880 -- 401 of which have attracted over $100 million in assets.
This data is included in the full NSX October 2009 Month-End ETF/ETN Data Report released by the Exchange, which has become a key industry source for ETF/ETN data. These Data Reports are published following the end of each calendar month.
In addition, NSX recently enhanced its reports showing expanded and historical ETF data for Assets Under Management, Notional Volume, Share Volume and Net Cash Flows, broken out by various categories. To view the full reports go to: http://www.nsx.com/content/market-data.NSX also publishes a product-by-product breakdown of the 880 products on which the data is based. The complete list can be accessed at: http://www.nsx.com/content/etf-product-list.
The NSX monthly statistics include shares of open-end exchange-traded products, encompassing U.S. listed shares of investment companies, grantor trusts, ETNs and commodity pools.
NSX is the cost-effective provider of exchange services, committed to aligning its interests with those of its customers. Founded in 1885, NSX has been a driving force for change in the world of securities exchanges and continues to lead the way in exchange innovation. For more information on NSX, visit www.nsx.com.
Source: National Stock Exchange (NSX)