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CFTC.gov Financial Data for Futures Commission Merchants Update
May 11, 2011--Selected FCM financial data as of March 31, 2011 (from reports filed by May 6, 2011) is now available.
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Third of US pension schemes cut domestic equity exposure
May 11, 2011-More than a third of US pension schemes reduced their domestic equity exposure last year, with many saying the trend away from local stocks would continue well into 2011, according to Aon Hewitt
The survey of almost 230 schemes in the US, with assets of $389bn (€271bn), also found that funds were switching to liability-matching investments in an effort to combat volatility.
Oil and fuel prices fall after US supply report
May 11, 2011--Oil and fuel prices plunged in furious trading after a government report said US supplies of petrol had reversed a weeks-long decline.
The report on supplies on Wednesday confounded traders who had been betting on stronger petrol prices as floods threaten key refineries in the southern US.
Direxion files with the SEC
May 11, 2011--Direxion has filed a post-effective amendment, registration statement with the SEC for
IndiaShares Fixed-Income Shares
IndiaShares Mid- & Small- Cap Shares
IndiaShares Mid- & Small- Cap Shares
India Sector Funds
IndiaShares Consumer Shares
IndiaShares Energy & Utilities Shares
IndiaShares Financial Shares
IndiaShares Industrial Shares
IndiaShares Infrastructure Shares
IndiaShares Materials Shares
IndiaShares Technology & Telecommunication Shares
Global X files with the SEC
May 11, 2011--Global X has filed a post-effective amendment, registration statement with the SEC for the Global X Auto ETF (VROM).
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Exchange Traded Spreads Trust files with the SEC
May 11, 2011-Exchange Traded Spreads Trust has filed a registration statement with the SEC for the
ETS Offshore RMB Bond Fund.
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DBX files with the SEC
May 11, 2011--DBX Trust has filed a pre-effective amendment, registration statement with the SEC for
db-X MSCI Emerging Markets Currency-Hedged Equity Fund (DBEM)
db-X MSCI EAFE Currency-Hedged Equity Fund (DBEF)
db-X MSCI Brazil Currency-Hedged Equity Fund (DBBR)
db-X MSCI Canada Currency-Hedged Equity Fund (DBCN)
db-X MSCI Japan Currency-Hedged Equity Fund (DBJP)
Dow Jones Industrial Average Celebrates its 115th Anniversary
In Recognition, New York City Proclaims May 26, 2011
Dow Jones Industrial Average Day’
‘Talking About the Stock Market Without Mentioning The Dow …… is Like Talking About the Weather Without Mentioning the Temperature’
May 11, 2011-The year 1896 was notable for many things: the X-ray was discovered and the world’s first movie theater opened. Utah was admitted as America’s 45th state and the first modern Olympic Games were staged in Athens. It was also the year the first Tootsie Roll was produced.
Looking back at The Dow from its early days of being published in The Wall Street Journal, it has become a daily fixture in American life,” said John A. Prestbo, Editor and Executive Director of Dow Jones Indexes. “It is the gold standard in measuring economic health and prosperity with a track record unrivaled by any other index. The Dow continues to be the most quoted measure of the U.S. stock market globally and it remains the answer to the question: ‘What did the market do today?’”
At a press conference today to commemorate The Dow’s 115th anniversary, Mr. Prestbo announced that May 26, 2011 has been officially proclaimed “Dow Jones Industrial Average Day” in New York City, the location of The Dow’s birth.
In remarks to the media today, Mr. Prestbo explained why the number of components in the Dow Jones Industrial Average has held at 30 for the past 83 years, how and by whom they are selected, and the rationale for The Dow’s price-weighted methodology.
“Someone once wrote that talking about the stock market without mentioning the Dow Jones Industrial Average is like talking about the weather without mentioning the temperature,” Mr. Prestbo said. “That’s hard to argue.”
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
April 11, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Wednesday, May 11, 2011:
Pure Technologies Ltd. (TSXVN:PUR) 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.
Van Eck files with the SEC
May 11, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the LatAm Aggregate Bond ETF (BONO).
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Van Eck files with the SEC
May 11, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Market Vectors Investment Grade Floating Rate ETF.
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Commodities Scare Puts ETF Investors in Defense Mode
May 11, 2011-- With the commodities market becoming more volatile, investors might find refuge in flocking to equities with handsome-paying dividends.
But financial advisor, Randy Warren, says that's not good enough -- investors need to go one step further in order to hedge their bets in this market.
"Products like ETF's have given investors a chance to bank on all kinds of commodities and this year those investors need to kick into protection mode," said Randy Warren, chief investment officer of Warren Financial Service.
Warren Financial Service (WFS) recently designed an investment strategy for its own advisory clients that hold ETF products:
Clark Capital Management Group named in Informa Investment Solutions newly formed ETF Manager Universe
May 11, 2011--Clark Capital Management Group’s Navigator Fixed Income Total Return SMA / UMA strategy has recently been recognized by Informa Investment Solutions for active management of ETFs within the Fixed Income Asset Class.
Informa announced their newest category of PSN Top Guns rankings:, “Managed ETFs.” The top five in each universe are featured as PSN Managed ETF Top Guns on the http://www.informais.com website, accessible via complimentary login. Performance rankings are tabulated for hundreds of managed ETF strategies in six distinct universes, subdivided by increasingly rigorous screens and reported in ascending classes from 1 to 6 stars. Classes include top performers for the most recent quarter, one year and three year periods, and also add risk statistics at higher levels.
Advisors can access the Navigator Fixed Income Total Return strategy across the following platforms and custodians: Envestnet, Lockwood Advisors, Placemark Investments, LPL, Pershing Advisor Solutions, Schwab Marketplace, TD Ameritrade, and Fidelity IWS.
“NOT ALL END-USERS ARE CREATED EQUAL”
Remarks of Commissioner Scott D. O’Malia, Reval Annual Client Conference
May 11, 2011-Good morning. I would like to thank Jiro Okochi for inviting me to speak today. I know that I don’t have to tell you that the Commission has been extraordinarily busy. I’m proud of the effort that the staff is making to fulfill the regulatory mandates of the Dodd-Frank Act. To date, the Commission has put forward 66 proposed and final rules under Dodd-Frank. Not counting the last four rule proposals the Commission voted on, we’re at over 1,046 dense, Federal Register pages filled with legal jargon and regulatory requirements.
If you were to run the comment periods on all of those proposals consecutively, it would take 2,964 days, or a little over 8 years. I doubt I have to give those numbers much context; they speak for themselves.
The title of my speech is “not all end user are created equal” and I believe the Commission should take this into account as we develop our rules and apply standards that reflect these differences. I would like to cover three main topics today: (1) Who are the end-users?; (2) What did Congress say about the treatment of end-users?; and (3) How do our rule proposals treat end-users?
BMO ETFs Change Prospectus Disclosure
May 11, 2011--- BMO Financial Group today announced that, because of regulatory uncertainty surrounding the definition of "market index", it will be changing the prospectus disclosure for the following BMO Exchange Traded Funds (BMO ETFs)*, which will no longer be referred to as index participation units:
BMO Energy Commodities Index ETF
BMO Agriculture Commodities Index ETF
BMO Base Metals Commodities Index ETF
BMO Precious Metals Commodities Index ETF
BMO S&P/TSX Equal Weight Banks Index ETF
Further information about BMO ETFs can be found at www.bmo.com/etfs.
BMO ETFs are managed and administered by BMO Asset Management Inc., a portfolio manager and a separate legal entity from the Bank of Montreal.
