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SPDR files with the SEC
February 23, 2011---SPDR has filed a post-effective amendment, registration statement with the SEC for the SPDR Global Dow ETF (DGT).
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ETF Securities USA LLC files with the SEC
February 23, 2011--ETF Securities USA LLC has filed a FORM S-1 with the SEC for the ETFS Physical Base Metals Trust.
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SPDR files with the SEC
February 23, 2011--SPDR has filed a post-effective amendment, registration statement with the SEC SPDR® Barclays Capital Emerging Markets Local Bond ETF (EBND).
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Teucrium Trading, LLC Adds Crude Oil Fund to Its Single Commodity ETP Fund Offerings
Teucrium Trading, LLC Adds Crude Oil Fund to Its Single Commodity ETP Fund OfferingsWTI Crude Oil Fund (NAGS) begins trading February 23, 2011
February 23, 2011--The Teucrium WTI Crude Oil Fund (NYSE: CRUD), one of two new single energy commodity Exchange Traded Products (ETPs) recently introduced by Teucrium Trading, LLC (Teucrium), began trading today on the New York Stock Exchange Arca.
Like the Teucrium Corn Fund (NYSE: CORN), which was launched in June 2010, and the Teucrium Natural Gas Fund (NYSE: NAGS), which began trading earlier this month, Teucrium’s new crude oil fund is expected to appeal to a broad spectrum of institutional and individual investors seeking portfolio diversification and direct exposure to commodities through an easily traded, transparent and unleveraged New York Stock Exchange Arca-listed security.
SPDR files with the SEC
February 23, 2011--SPDR has filed a post-effective amendment, registration statement with the SEC for the SPDR® S&P® Emerging Markets Dividend ETF (EDIV).
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IndexIQ’s IQ Canada Small Cap ETF (CNDA) Tops $100 Million in Assets
Fund is the first and only ETF dedicated to providing exposure to the small cap segment of the Canadian economy
February 23, 2011--IndexIQ, a leading developer of index-based, liquid alternative investment solutions, today announced that its IQ Canada Small Cap ETF (NYSE Arca: CNDA) has surpassed the $100 million mark in assets under management (AUM).
CNDA, which launched in March 2010, was the first, and is still the only, Exchange-Traded Fund (ETF) dedicated to providing exposure to the dynamic small-cap segment of the Canadian economy, a segment that recently has experienced significant growth, spurred in large part by Canada’s vast natural resources. Canada has the second largest proven reserves of crude oil in the world, is the fourth largest exporter of crude, and also is the world’s second largest exporter of natural gas.1
“Canada is very rich in natural resources and has a strong consumer base, but since it is not included in the MSCI EAFE, many investors are left dramatically underexposed to the country,” said Adam Patti, Chief Executive Officer of IndexIQ. “With CNDA, investors have a means to gain that exposure, and can do so in a way that is not overly concentrated in large multi-national corporations whose performance tends to mirror the broad international markets. CNDA provides a sector allocation tied more closely to the actual local economy (i.e. energy and materials, rather than financials), as compared to the large cap Canada counterparts.”
CNDA is part of IndexIQ’s family of single-country small-cap ETFs, including:
IQ Australia Small Cap ETF (NYSE Arca: KROO), the first Australia small cap ETF;
SPDR has filed with the SEC
February 23, 2011--SPDR has filed a post-effective amendment, registration statement with the SEC for the SPDR S&P Emerging Markets Dividend ETF.
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SPDR files with the SEC
February 23, 2011--SPDR has filed a post-effective amendment, registration statement with the SEC for the Barclays Capital Emerging Markets Local Bond ETF.
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CBOE to Relaunch Credit Event Binary Options (CEBOs) on March 8
February 23, 2011--The Chicago Board Options Exchange (CBOE) announced today that on Tuesday, March 8, the Exchange will begin trading newly-designed Credit Event Binary Options (CEBOs) contracts.
Credit Event Binary Options contracts allow investors to express an opinion on whether a company will experience a "credit event" (bankruptcy). Due to inverse correlations between credit and equity markets, CEBO® contracts can be used as a hedging tool for individual stocks. The contracts also provide the advantages of price transparency available through a regulated exchange, currently unavailable in over-the-counter credit default swaps markets.
A CEBO contract has just two possible outcomes - a payout of a fixed amount if a credit event occurs or nothing if a credit event does not occur.
Dow Jones Indexes Announces Latest Performance Data For The U.S. Venture Capital Index
February 23, 2011--Dow Jones Indexes, a leading global index provider and a CME Group company, today announced the latest performance data for the Dow Jones U.S. Venture Capital Index. The index is designed to measure changes in the market value of venture capital-financed companies in the United States.
At the end of the second quarter 2010, the index value was 1,183.211, down 18.29% from December 31, 2009. According to Sand Hill Econometrics, which co-developed the index’s methodology, there were two factors behind the decline. One is several “disappointing exits”?—?companies that failed or were acquired for low values. The other is the general decline in equity values during the quarter?—?the Dow Jones U.S. Total Stock Market Index fell 11.52% during the second quarter of 2010. As Sand Hill notes, VC is not immune to a drop in equity values and the stock market is an indicator of equity values overall.
PowerShares has filed with the SEC
February 22, 2011--PowerShares has filed a post effective amendment, registration statement with the SEC for PowerShares Senior Loan Portfolio.
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Standard & Poor's Announces Changes in the S&P/TSX Venture Composite Index
February 22, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Tuesday, February 22, 2011:
Centric Energy Corp. (TSXV:CTE) will be removed from the index.
The shares of the company have been acquired by Africa Oil Corp. (TSXVN:AOI).
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.
NYSE Euronext To Postpone Investor Day
February 22, 2011--NYSE Euronext (NYX) today announced that it will postpone its Investor Day, which was previously scheduled for March 8, 2011.
It is anticipated that Investor Day will be rescheduled for Fall 2011 with details to follow when a new date has been established.
CBOE to Relaunch Credit Event Binary Options (CEBOs) Contracts on March 8 The contracts also provide the advantages of price transparency available through a regulated exchange, currently unavailable in over-the-counter credit default swaps markets. A CEBO contract has just two possible outcomes - a payout of a fixed amount if a credit event occurs or nothing if a credit event does not occur. The CBOE, which first began trading single-name and basket Credit Event Binary Options in 2007, recently received SEC approval to amend the Credit Event Binary Options rules. One change simplifies the terms of a payout for CEBO contracts, allowing CBOE to list CEBO contracts that specify bankruptcy as the only trigger for a payout. Invesco PowerShares Set to List Industry’s First Senior Loan ETF Senior loans - also called leveraged loans, syndicated loans, bank loans or floating rate loans - are privately arranged corporate debt instruments that provide capital to a company and are syndicated to a group of banks and institutional lenders. The loans are typically secured by specific assets of the borrower such as property, plant, or equipment and are senior to all other outstanding debt obligations. Proceeds are often used to finance leveraged buyouts, mergers, acquisitions, stock repurchases and other transactions.
The PowerShares Senior Loan Portfolio (BKLN) is based on the S&P/LSTA U.S. Leveraged Loan 100 Index. The Underlying Index is designed to track the market-weighted performance of the largest institutional leveraged loans based on market weightings, spreads and interest payments. The Fund will normally invest at least 80% of its total assets in the securities that comprise the Underlying Index.
February 22, 2011--The Chicago Board Options Exchange (CBOE) announced today that on Tuesday, March 8, the Exchange will begin trading newly-designed Credit Event Binary Options (CEBOs) contracts.
Due to inverse correlations between credit and equity markets, CEBO® contracts can be used as a hedging tool for individual stocks.
February 22, 2011--– Invesco PowerShares Capital Management LLC, a leading provider of exchange-traded funds (ETFs) with more than $57 billion in franchise assets, announced today the PowerShares Senior Loan Portfolio is anticipated to begin trading March 3, 2011, on the NYSE Arca under the ticker symbol BKLN. The PowerShares Senior Loan Portfolio is the first ETF that provides investors access to a portfolio of senior secured bank or floating rate loans. The fund is expected to issue monthly dividends.
“Senior loans can provide an attractive income stream for yield-minded advisors and investors interested in shortening portfolio duration,” said Ben Fulton, Invesco PowerShares managing director of global ETFs. “As a result of shorter maturities and a floating interest rate feature that typically resets quarterly, senior secured loans have the ability to keep pace with rate changes and have historically proven to be more stable than traditional high yield fixed-income investments. We believe the PowerShares Senior Loan Portfolio (BKLN) provides a compelling new means to access this asset class through the benefit-rich ETF structure.”
