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iShares Canada launches six new ETFs
January 27, 2010--BlackRock, Inc. (NYSE:BLK) is continuing to expand its iShares line of exchange traded funds in Canada, with the launch of six new funds that offer investors increased access to emerging markets and U.S. fixed income markets.
The funds, which are managed by BlackRock Asset Management Canada Ltd., began trading on the Toronto Stock Exchange on Wednesday.
The six new iShares Canada ETFs include:
• iShares MSCI Brazil Index Fund (TSX:XBZ)
• iShares S&P Latin America 40 Index Fund (TSX:XLA)
• iShares CNX Nifty India Index Fund (TSX:XID)
• iShares China Index Fund (TSX:XCH)
• iShares U.S. IG Corporate Bond Index Fund (CAD-Hedged) (TSX:XIG)
• iShares U.S. High Yield Bond Index Fund (CAD-Hedged) (TSX:XHY)
DB Index Research -- Weekly ETF Reports -- US
January 27, 2010--Highlights
ETF Volume
US ETF turnover rose by 19.6% to US$53.5bn in the previous week. Turnover in the S&P 500 SPDR ("Spider") was US$17.4bn. The PowerShares QQQ Nasdaq 100 had turnover of US$4.4bn followed by iShares Russell 2000 with turnover of US$3.4bn.
There were eight new ETFs launched in the last week. BlackRock Fund Advisors launched five new ETFs on Nasdaq. Proshares launched two new Bond ETFs on NYSE Arca. ALPS Fund Services Inc launched one ETF on NYSE Arca.
In the previous week, average daily turnover in the Large Cap, US Sector, Leveraged and Global Regional products was US$23.5bn (24.0%), US$8.9bn (17.0%), US$5.8bn (26.2%) and US$4.0bn (11.5%) respectively.
Among the Emerging country ETFs, iShares MSCI Brazil ETF turnover was US$1,079m followed by iShares FTSE/Xinhua China ETF with turnover of US$948m. In non-US developed market flows, iShares MSCI Japan had turnover of US$270m. In non-domestic regional flows, emerging market turnover was US$2.9bn and developed markets regional flows EAFE had turnover of US$1.0bn.
Assets under Management (AUM)
Total assets under management for equity based ETFs declined by 4.6% in the previous week, AUM were US$581.5bn.
To request a copy of the report
BATS Receives SEC Approval For US Options Exchange - Plans To Go Live Friday, February 26th, Pending Industry-Wide Options Symbology Implementation
January 27, 2010--January 27, 2010 – BATS Exchange received approval from the U.S. Securities
and Exchange Commission to operate a US equity options platform and expects to go live on Friday,
February 26th, pending industry-wide options symbology consolidation and testing.
“With SEC approval granted for BATS Options, we are pleased to deliver on the schedule announced last
summer with go live likely in a matter of weeks,” BATS Chief Executive Joe Ratterman said. “Similar to
what we accomplished in the equity markets, we will strive to bring more transparency and efficiency to
the options market by offering a competitive alternative with straightforward pricing and a platform built on
BATS’ second-to-none technology.
“We thank our members, investors and supporters in the industry as we continue Making Markets Better, and the SEC staff for their feedback and diligence in processing the options rule set,” he said.
“From the beginning, we built the BATS Options system with the Options Symbology Initiative in mind and anticipate coming online as soon after the cutover as possible. We thank the OCC and OPRA for working with us to meet our aggressive timeline,” said Jeromee Johnson, BATS vice president, market development.
BATS Options will launch with options on 18 underlying securities, including cash equities and ETFs. Additional rollout details, including a list of specific symbols, technical specifications and membership agreements are available online at www.batsoptions.com.
The BATS Options platform certification system is currently available to BATS Exchange members for connectivity and testing.
In just four years, BATS Exchange has captured 10% market share in U.S. equities. The exchange has
filed rules with the SEC for a second U.S. equities exchange (BYX) (announced on September 17, 2009),
also slated for launch in early 2010. BATS Europe, which launched less than 15 months ago, recently
surpassed pan--European trading volume of €2 billion for the first time and currently executes 8-10% of
the FTSE 100.
Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) Testimony Update
January 27, 2010--The Special Inspector General for the Troubled Asset Relief Program testified today before the House Committee on Oversight and Government Reform.
read the statement
SEC Issues Interpretive Guidance on Disclosure Related to Business or Legal Developments Regarding Climate Change
January 27, 2010--The Securities and Exchange Commission today voted to provide public companies with interpretive guidance on existing SEC disclosure requirements as they apply to business or legal developments relating to the issue of climate change.
Federal securities laws and SEC regulations require certain disclosures by public companies for the benefit of investors. Occasionally, to assist those who provide such disclosures, the Commission provides guidance on how to interpret the disclosure rules on topics of interest to the business and investment communities. The Commission's interpretive releases do not create new legal requirements nor modify existing ones, but are intended to provide clarity and enhance consistency for public companies and their investors.
Change of Name for SPDR® Trust, Series 1 and MidCap SPDR® Trust, Series 1
January 27, 2010--NYSE Euronext (NYX) announced that effective at the close of business on January 27, 2010, the name of the SPDR Trust, Series 1 has been changed to SPDR ® S&P 500® ETF Trust and the name of the MidCap SPDR Trust, Series 1 has been changed to SPDR® S&P MidCap 400 ETF Trust.
Background:
PDR Services LLC is the sponsor of the SPDR® S&P 500® ETF Trust (SPDR 500 Trust: SPY) and the SPDR® S&P MidCap 400 ETF Trust (SPDR MidCap 400 Trust: MDY), and is an indirect wholly-owned subsidiary of NYSE Euronext. ALPS Distributors, Inc., a registered broker-dealer, is distributor for the SPDR 500 Trust and the SPDR MidCap 400 Trust. State Street Bank and Trust Company is the trustee for the SPDR 500 Trust. The Bank of New York Mellon is the trustee for the SPDR MidCap 400 Trust.
BlackRock earnings soar, get ETF jolt
Q4 revenue up 45 percent; expenses rise 59 percent
* ETF acquisition boosts revenue
* Stock and bonds saw money inflows in the quarter
* Shares up 0.2 percent
January 27, 2010--BlackRock Inc's (BLK.N) fourth-quarter earnings more than quadrupled as the world's biggest asset manager rebounded from the recession and gave investors an indication of the jolt it may get from its move into exchange-traded funds.
The Dec. 1 acquisition of Barclays Global Investors turned BlackRock, historically a fixed-income money management firm, into a leader in exchange-traded funds.
ETF Securities: Seeks To Increase US Platinum ETF Fund Size
January 27, 2010--U.K.-based ETF Securities has applied to the U.S. Securities and Exchange Commission to significantly increase the size of its recently launched U.S. platinum and palladium exchange-traded funds, a company spokesman said Wednesday.
ETF Securities is seeking approval to more than double the number of securities in the platinum ETF and increase the number of securities in the palladium ETF by nearly 50%, the spokesman said.
Index IQ files with the SEC
January 27, 2010--Index IQ has filed a prospectus with the SEC for
IQ Australia Small Cap ETF-Cusip: 45409B 826-Symbol: KROO
IQ Canada Small Cap ETF -Cusip: 45409B 867 Symbol: CNDA
| Name |
CUSIP
|
Symbol
|
| IQ Hong Kong Small Cap ETF | 45409B 818 | HKK |
| IQ Indonesia Small/Mid Cap ETF | 45409B 792 | INNN |
| IQ Malaysia Small/Mid Cap ETF | 45409B 784 | MALA |
| IQ Singapore Small Cap ETF | 45409B 776 | SAX |
| IQ South Korea Small Cap ETF | 45409B 768 | SKOR |
| IQ Taiwan Small Cap ETF | 45409B 750 | TWON |
| IQ Thailand Small/Mid Cap ETF | 45409B 743 | THAI |
| IQ Natural Gas Small Cap Equity ETF | 45409B 859 | IGAS |
| IQ Global Crude Oil Small Cap Equity ETF | 45409B 842 | IOIL |
| IQ Global Gold Small Cap Equity ETF | 45409B 735 | GLZ |
| IQ Global Agribusiness Small Cap Equity ETF | 45409B 834 | CROP |
iShares files with the SEC
January 26, 2010--iShares has filed a third Amended and Restated Application for Exemptive Relief with the SEC.
view filng
SPDRS file with the SEC
January 27, 2010--Select SPDR Trust files 485BPOS with the SEC for
The Consumer Discretionary Select Sector SPDR® Fund (XLY)
The Consumer Staples Select Sector SPDR® Fund (XLP)
The Energy Select Sector SPDR® Fund (XLE)
The Financial Select Sector SPDR® Fund (XLF)
The Health Care Select Sector SPDR® Fund (XLV)
The Industrial Select Sector SPDR® Fund (XLI)
The Materials Select Sector SPDR® Fund (XLB)
The Technology Select Sector SPDR® Fund (XLK)
The Utilities Select Sector SPDR® Fund (XLU)
VIEW FILING
First Trust Plans Copper, Platinum ETFs
January 26, 2010--ETF issuer First Trust plans to launch a copper ETF and a platinum ETF. The First Trust ISE Global Copper Index Fund and the First Trust Global ISE Platinum Index Fund will be listed on the Nasdaq and track equities, not the underlying commodity.
The ETFs will hold miners, materials and refining companies and we can assume that the copper ETF will hold companies like Freeport McMoRan (NYSE: FCX), the largest U.S. copper producer, though investors should note that is speculation as First Trust did not confirm any of the ETF's future holdings.
PowerShares files post-effective Amendment to Form S-6
January 26, 2010--PowerShares has filed a post-effective Amendment to Form S-6 for the
BLDRS Index Fund Trust
view filing
PowerShares files post-effective Amendment to Form S-6
January 26, 2010--PowerShares has filed a post-effective Amendment to Form S-6 for the
PowerShares QQQ.
view filing
CFTC Issues Letter To CME Concerning Its "Unpersuasive" Justification For Prohibiting EFFs
January 26, 2010--ELX Futures, L.P. (ELX Futures), a new fully electronic futures exchange, received notification from the Commodity Futures Trading Commission (CFTC) staff that it had sent the CME Group a letter dated January 22, 2010 that it had “mischaracterized” the Commodity Exchange Act and found its arguments "unpersuasive" in informing market users in a self-certified market Regulatory Advisory notice issued October 19, 2009 that its rules do not permit the execution of the Exchange of Futures for Futures (EFF) Rule and users would be subject to disciplinary action.
The link to the letter is: http://www.elxfutures.com/getdoc/41214997-3f65-4a58-ad8a-88efd5cfa5a8/CFTC-Letter-to-CBOT-Re-Rules-and-Interpretatio-(1).aspx
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “We commend the CFTC staff for its findings that EFF transactions are consistent with the requirements of the Commodity Exchange Act. This view is consistent with our position all along. Any further effort by the CME to thwart the EFF Rule will carry with it an unbearable weight of anti-competitive intent. The CFTC’s Core Principle 18, which prohibits an exchange from ‘imposing any material anticompetitive burden on trading,’ imposes a duty that is independent of the U.S. antitrust laws. If there truly were a market purpose – as opposed to an anti-competitive intent – to disallow the EFF, the argument would have been made already.”
The application from ELX Futures was submitted on July 6, 2009 through September 17, 2009 and approved by the CFTC on October 6, 2009.
More information can be found on our website: www.elxfutures.com
