Americas ETP News
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Exclusive: NASDAQ, S&P eye acquisitions to build index businesses
January 14, 2014--Exchange operator Nasdaq OMX Group (NDAQ.O) and index provider S&P Dow Jones Indices (MHFI.N) said they are interested in acquisitions to grow their index businesses, in a sign the sector could see a wave of deals as investors pour tens of billions of dollars into portfolios that track benchmarks.
Both Nasdaq Chief Executive Robert Greifeld and S&P Dow Jones Indices Chief Executive Alex Matturri told Reuters in recent interviews that they would be interested in looking at bidding on index businesses that come to market, including the index businesses run by Russell Investments and Barclays Plc.
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Source: Reuters
Agencies Approve Interim Final Rule Authorizing Retention of Interests in and Sponsorship of Collateralized Debt Obligations Backed Primarily by Bank-Issued Trust Preferred Securities
January 14, 2015--Five federal agencies on Tuesday approved an interim final rule to permit banking entities to retain interests in certain collateralized debt obligations backed primarily by trust preferred securities (TruPS CDOs) from the investment prohibitions of section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, known as the Volcker rule.
Under the interim final rule, the agencies permit the retention of an interest in or sponsorship of covered funds by banking entities if the following qualifications are met:
the TruPS CDO was established, and the interest was issued, before May 19, 2010;
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Source: SEC.gov
Federal Reserve Board Seeks Comment To Help Inform Consideration Of Physical Commodity Activities By Financial Holding Companies
January 14, 2014-- The Federal Reserve Board on Tuesday sought comment to help inform its consideration of physical commodity activities conducted by financial holding companies, including current authorizations of these activities and the appropriateness of further restrictions.
The Board is considering whether additional restrictions would help ensure that physical commodities activities authorized for financial holding companies are conducted in a safe and sound manner and do not pose a threat to financial stability. The Board, in an advance notice of proposed rulemaking, addresses commodity activities conducted under different sections of the Bank Holding Company Act, including section 4(k) complementary authority, section 4(o) grandfathered authority, as well as merchant banking authority.
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Source: FBR
BNY Mellon-Consultant 360-Mobilizing Collateral For Your Clients
January 13, 2014--The Commodity Futures Trading Commission (CFTC) now permits Swap Dealers to comply with local market rules. As of December 20, 2013 the CFTC allows swap dealers in six jurisdictions to satisfy their obligations by complying with "comparable" local requirements.
These actions will relieve some concerns of swap dealers and their counterparties that dealers would be obliged to comply with U.S. rules, rather than local standards when transacting with non-U.S. swap counterparties.
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Source: BNY Mellon
Horizons ETFs Launches Two Leveraged Japan ETFs
January 13, 2014--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce the launch of the Horizons BetaPro MSCI Japan Bull Plus ETF ("HPU") and the Horizons BetaPro MSCI Japan Bear Plus ETF ("HPD").
HPU and HPD (known collectively as "the ETFs") will seek to provide Canadian investors with exposure to two times (200%) the daily long and two times (200%) the daily inverse performance, respectively, of the MSCI Japan Index, before fees and expenses. The ETFs do not seek to achieve their stated investment objectives over a period of time greater than one day.
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Source: Horizons ETFs Management (Canada) Inc.
UBS Announces Redemption of ETRACS Oil Futures Contango ETN and ETRACS Natural Gas Futures Contango ETN
January 13, 2014--UBS AG announced today that it will redeem all of the outstanding securities in each of the series set forth in the following table (collectively, the "Affected Securities"):
Securities: UBS AG Exchange Traded Access Securities (ETRACS) Oil Futures
Contango ETN linked to the ISE Oil Futures Spread(TM) Index due June 14, 2041
Cusip: 90267B815
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Source: UBS AG
NYSE Euronext -1 ETF listing: AdvisorShares
January 13, 2014--Summary:
NYSE Euronext is pleased to announce that on Wednesday, January 15, 2014, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: AdvisorShares Sage Core Reserves ETF
Short Name: Sage Core Reserves
Trading Symbol: HOLD
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Source: NYSE Euronext
NYSE Euronext -1 ETF Launch: PowerShares
January 13, 2014--Summary:
NYSE Euronext is pleased to announce that on Wednesday, January 15, 2014, the following ETF will be listed on NYSE Arca and will begin trading as a new issue:
Security Name: PowerShares NYSE Century Portfolio
Short Name: PWSH NYSE Century
Trading Symbol: NYCC
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Source: NYSE Euronext
2013 ETF race for investors
BlackRock pipped its arch rival Vanguard to the winning post as the race between exchange traded fund providers for investors' cash in 2013
January 12, 2014--BlackRock pipped its arch rival Vanguard to the winning post as the race between exchange traded fund (ETF) providers for investors' cash in 2013 culminated in a photo finish.
Less than $1 billion of inflows separated the first-and third-largest ETF providers by assets respectively, after a year in which Wall Street’s surge to an all-time high provided a significant boost to many US ETF managers.
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Source: gulfnews.com
NYSE Euronext -1 ETF Launch: Market Vectors
January 10, 2014--NYSE Euronext is pleased to announce that on Tuesday, January 14, 2014, the following ETFs will be listed on NYSE Arca and will begin trading as new issues:
Security Name: Market Vectors Short High-Yield Municipal Index ETF
Short Name: Short Dur HY Muni
Trading Symbol: SHYD
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Source: NYSE Euronext
