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Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
September 12, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Monday, September 12, 2011:
CanElson Drilling Inc. (TSXVN:CDI) will be removed from the index. The company will graduate to trade on TSX under the same ticker symbol.
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.
Canadian equity funds drove ETF sales in August
Inverse ETFs saw a large outflow of assets during the month
September 12, 2011--Canadian equity funds garnered the lion’s share of new assets in the exchange-traded fund business in August, according to a new report from BlackRock Asset Management Canada Ltd.
The firm reports that Canadian equity ETFs generated almost $1.2 billion in new assets in August. More than half of that went into the iShares S&P/TSX 60 Index Fund, which recorded over $700 million in new assets during the month.
Overall, the industry saw net inflows of $1.6 billion in August. Commodity ETFs ranked a distant second to the Canadian equity category, with $400 million in new assets; and fixed-income funds were third, with $91 million worth. In the year-to-date, overall industry net inflows are now at $3.7 billion.
Barclays Bank PLC to automatically redeem the iPath® Inverse January 2021 S&P 500 VIX Short-Term Futures™ ETN (ticker: IVO)
September 12, 2011--Barclays Bank PLC announced today the automatic redemption of its iPath® Inverse January 2021 S&P 500 VIX Short-Term FuturesTM Exchange Traded Note (ticker: IVO). The ETN is being redeemed as the result of an automatic termination event occurring on September 12, 2011, the automatic termination date.
As described in the prospectus, an automatic termination event occurs when the intraday indicative note value of the Notes on any trading day is equal to or less than the automatic termination level of $10.00. Details of the automatic termination event are below.
Invesco PowerShares to Expand Fundamental Fixed Income Line with Investment Grade Corporate Bond Portfolio
September 12, 2011--Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today that the PowerShares Fundamental Investment Grade® Corporate Bond Portfolio (PFIG) is anticipated to begin trading on September 15 on the NYSE Arca. The Fund is the first investment grade corporate bond ETF to use Research Affiliates’ Fundamental Index® methodology, and provides investors access to maturities ranging from 1-10 years. PFIG is expected to issue monthly distributions.
“We believe the PowerShares Fundamental Investment Grade Corporate Bond Portfolio (PFIG) represents an attractive alternative to market-cap-weighted fixed-income portfolios and provides investors the potential for improved risk-adjusted returns,” said Ben Fulton, Invesco PowerShares managing director of global ETFs.
Traditional bond indexes generally use some form of market-cap weighting by which constituent weights are a function of both the amount of debt issued and the debt’s current price. This approach results in greater weights being assigned to issuers that have issued more debt. It also means that bonds that are overvalued or undervalued relative to their peers will be over weighted or under weighted in the index.
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
September 12, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Monday, September 12, 2011
CanElson Drilling Inc. (TSXVN:CDI) will be removed from the index.
The company will graduate to trade on TSX under the same ticker symbol.
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.
PowerShares files with the SEC
September 9, 2011--PowerShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares Chinese Yuan Dim Sum Bond Portfolio (DSUM).
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iShares files with the SEC- iShares MSCI All Country Asia ex Japan Small Cap Index Fund
September 9, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI All Country Asia ex Japan Small Cap Index Fund.
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iShares files with the SEC-iShares MSCI India Index Fund
September 9, 2011----iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI India Index Fund.
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Quarterly Changes to the NASDAQ Q-50 Index
September 9, 2011--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced today the results of the quarterly evaluation of the NASDAQ Q-50 Index (Nasdaq:NXTQ), which will become effective prior to market open on Monday, September 19, 2011.
The following eight securities will be added to the Index:Avago Technologies Limited (Nasdaq:AVGO), BE Aerospace, Inc. (Nasdaq:BEAV), Deckers Outdoor Corporation (Nasdaq:DECK), Level 3 Communications, Inc. (Nasdaq:LVLT), Open Text Corporation (Nasdaq:OTEX), SXC Health Solutions Corp. (Nasdaq:SXCI), Ulta Salon, Cosmetics & Fragrance, Inc. (Nasdaq:ULTA), and Pharmasset, Inc. (Nasdaq:VRUS).
The Index is designed to track the performance of the 50 securities that are next in line to replace the securities currently included in the NASDAQ-100 Index®. The NASDAQ Q-50 Index is re-ranked on a quarterly basis. For more information about the NASDAQ Q-50 Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
As a result of the evaluation, the following seven securities will be removed from the Index:Cree, Inc. (Nasdaq:CREE), Foster Wheeler AG (Nasdaq:FWLT), JDS Uniphase Corporation (Nasdaq:JDSU), Allscripts Healthcare Solutions, Inc. (Nasdaq:MDRX), MercadoLibre, Inc. (Nasdaq:MELI), Patterson Companies, Inc. (Nasdaq:PDCO), and Sohu.com Inc. (Nasdaq:SOHU).
BNY Mellon ADR Index Monthly Performance Review is Now Available
September 9, 2011--The BNY Mellon ADR Index Monthly Performance Review August 2011 is now available.
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ProShares files with the SEC
September 9, 2011--ProShares has filed a post-effective amendment, registration statement with the SEC for the ProShares German Sovereign / Sub-Sovereign ETF.
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Volant Liquidity LLC Joins ISE as Competitive Market Maker
September 9, 2011 – The International Securities Exchange (ISE) announced that Volant Liquidity, LLC has become a Competitive Market Maker (CMM) on ISE’s options exchange. Volant is the first new market maker to join ISE under its new CMM trading rights program, which went into effect on September 1, 2011.
“We are very pleased to welcome Volant as ISE’s newest Competitive Market Maker,” said Gary Katz, President
and Chief Executive Officer of ISE. “With our new, more flexible CMM structure, Volant and other liquidity
providers on the exchange can be more agile in their quoting activity, which will benefit all participants trading at
ISE.”
Brian Donnelly, Managing Member of Volant, said, “We’re excited to be posting quotes on ISE. The new membership structure allows us to provide liquidity in the names in which we specialize, without the obligation to post quotes in or pay for access to names we’re not interested in trading. Both customers and the ISE will benefit from the liquidity the new CMMs like Volant will bring to the market.”
ISE’s new CMM trading rights structure entitles a market maker to enter quotes in options symbols that comprise a certain percentage of industry volume. A CMM’s first trading right entitles that market maker to quote in 20 percent of the industry volume, and each subsequent right provides the ability to quote an additional 10 percent of volume. This new structure is designed to allow ISE’s market makers to react more quickly to changes in the marketplace.
iShares files with the SEC- iShares MSCI India Small Cap Index Fund
September 9, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI India Small Cap Index Fund.
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CFTC.gov Commitments of Traders Reports Update
September 9, 2011--The current reports for the week of September 6, 2011 are now available.
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iShares files with the SEC- iShares MSCI Emerging Markets Consumer Discretionary Index Fund
September 9. 2011-iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI Emerging Markets Consumer Discretionary Index Fund.
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