Americas ETP News
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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
ProShares Announces ETF Share Splits and Reverse Splits
January 10, 2014--ProShares, a premier provider of alternative ETFs, announced today share splits and reverse share splits on the ETFs listed below. The splits and reverse splits will not change the value of a shareholder's investment.
Splits
The following ETFs will split shares:
Ticker: BIB
ETF: ProShares Ultra Nasdaq Biotechnology2:1
Ticker: MVV
ETF: ProShares Ultra MidCap 400
Split Ratio: 2:1
Ticker: FINU
ETF: ProShares UltraPro Financials
Split Ratio: 2:1
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Source: ProShares
Horizons ETFs announces launch of Canadian dollar units and merger of ETFs
January 10, 2014--AlphaPro Management Inc. ("AlphaPro") and its affiliate Horizons ETFs Management (Canada) Inc. (collectively, "Horizons ETFs"), are announcing the launch of Canadian dollar traded Class E units of the Horizons Enhanced Income US Equity (USD) ETF ("Horizons HEA") and that AlphaPro has filed an amendment to its prospectus seeking to allow the listing of Canadian dollar traded Advisor Class units of Horizons HEA.
Class E units and Advisor Class units of Horizons HEA currently trade in U.S. dollars on the Toronto Stock Exchange (the "TSX") under the symbols HEA.U and HEA.V, respectively.
The new Canadian dollar traded Class E units and Advisor Class units are expected to be listed under the symbols HEA and HEA.A, respectively and are expected to begin trading on the TSX on or about January 15, 2014.
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Source: Horizons ETFs Management (Canada) Inc.
