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Don Phillips to Step Down as Head of Research for Morningstar, Haywood Kelly to Assume His Responsibilities in January 2014

October 8, 2013--Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today announced that Don Phillips will be stepping down as head of the company's Research group after the first of the year.

Haywood Kelly, currently head of equity, credit, and structured credit research, will assume Phillips' responsibilities as global head of Research, effective Jan. 1, 2014. Phillips will be a managing director and remain a member of the board of directors.

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Source: Morningstar, Inc.


Fidelity Billionaire Johnson Taps ETFs as Profits From Funds Fade

October 8, 2013--When Abigail Johnson began her apprenticeship at Fidelity Investments 25 years ago, the Boston-based firm founded by her grandfather was the nation's biggest mutual-fund company and star manager Peter Lynch was enjoying a performance streak at the Magellan Fund--a 29 percent average return over 13 years-- that ranks among the best in the industry's history.

A year ago, Johnson, now 51, was named president of a very different Fidelity. Under her father, Edward C. Johnson III, known as Ned, Fidelity has surrendered its leadership and much of its iconic status as a money manager, Bloomberg Markets magazine will report in its November issue.

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Source: Bloomberg


DeB-Synthetic Equity & Index Strategy-North America-US ETF Market Weekly Review-Fixed Income ETPs $3.1bn outflows led by Sovereign debt products

October 8, 2013--Data in this report is as of Fri, October 4th
Market and Net Cash Flows Review
Markets were mixed during last week. The US (S&P 500) end almost flat (-0.07%); while, outside the US, the MSCI EAFE (in USD) dropped by 1.04% and the MSCI EM (USD) rose by 1.04%. In the meantime, performance was mixed across US sectors. Healthcare (+0.94%) and Materials (+0.84%) recorded the biggest gains; while, Industrials (-0.94%) and Consumer Staples (-0.93%) were the worst performing sectors; The DB Liquid Commodity Index fell by 0.13%.

In the meantime, the Agriculture sector (DB Diversified Agriculture Index) and the WTI Crude Oil rose by 0.10% and 0.94%, respectively; while Gold and Silver prices fell by 1.93% and 0.20%, respectively. Moving into other asset classes, the 10Y US Treasury Yield rose 2bps ending at 2.66%. Last but not least, Volatility (VIX) rose by 8.28% during the same period.

The total US ETP flows from all products registered $1.0bn (-0.1% of AUM) of outflows during last week vs. $3.6bn (-0.2%) of outflows the previous week, setting the YTD weekly flows average at +$3.1bn (+$125.1bn YTD in total cash flows).

Equity, Fixed Income and Commodity ETPs experienced flows of +$3.0bn (+0.2%), -$3.1bn (-1.2%) and -$0.8bn (-1.2%) last week vs. -$4.1bn (-0.3%), +$0.9bn (+0.3%) and -$0.2bn (-0.3%) in the previous week, respectively.

Top 3 ETPs & ETNs by inflows: IJH (+$2.4bn), SPY (+$2.0bn), MVV (+$1.2bn)

Top 3 ETPs & ETNs by outflows: IEI (-$2.6bn), MDY (-$1.8bn), IWM (-$1.0bn)

New Launch Calendar: income, gold miners, and currency hedging
There were six new ETFs listed during the previous week on the NYSE Arca. Deutsche Bank listed three new currency hedged ETFs offering exposure to the UK, Europe and Asia Pacific ex Japan regions; in the meantime, Revenue Shares added an actively managed, revenue weighted ETF offering exposure to US Mid/Large companies with focus in dividend yield; Last but not least, DirexionShares launched a 3x Long and 3x Short ETF pair providing investors with exposure to Gold and Silver mining small-cap companies.

Turnover Review: Floor activity increased by 25%

Total weekly turnover increased by 25.1% to $333.7bn vs. $266.7bn from the previous week; furthermore, last week's turnover level was 23.8% over last year's weekly average. Equity, Fixed Income and Commodity ETPs turnover increased by $56.6bn (+24.0%), $5.9bn (+30.2%) and $3.7bn (+41.5%) during the same period, respectively.

Assets under Management (AUM) Review: assets dropped by $2.7bn

US ETP assets dropped by $2.7bn (-0.2%) totaling $1.550 trillion at the end of the week. As of last Friday, US ETPs had accumulated an asset growth of +16.2% YTD. Assets for Equity, Fixed Income and Commodity ETPs moved +$2.8bn, -$3.4bn and -$2.0bn during last week, respectively.

Visit https://eqindex.db.com/etf/ for more info.

Source: Deutsche Bank- Synthetic Equity & Index Strategy-North America


Janet Yellen nominated by Obama to be head of US Federal Reserve

President will nominate Yellen as head of US central bank on Wednesday, ending long debate over successor to Ben Bernanke
October 8, 2013-- The White House is to name Janet Yellen as the first woman to head the US Federal Reserve, arguably the most important job in world finance, the Obama administration has confirmed.

Barack Obama is to make the announcement at 3pm ET on Wednesday, the White House said. Yellen and the current Fed chair, Ben Bernanke, are expected to attend.

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Source: The Guardian


DB-Synthetic Equity & Index Strategy-North America-US ETF+ Quarterly Directory-Q3 2013 ETPs

October 7, 2013--Data as of September 30, 2013
This document includes all US listed exchange-traded funds (ETFs) and exchange-traded vehicles (ETVs), plus a special section covering exchange-traded notes (ETNs).

The directory is organized by asset class and asset-class-related sub sections. Within each sub section it has also been sorted. For Equity and Fixed Income ETPs it is sorted by country (or sub region for regional products) in alphabetical order and by AUM in descending order, and for the other ETP asset classes it is sorted by sub sector in alphabetical order and by AUM in descending order. Numerous key information points per product have been included in order to give readers an overview of their respective areas of interest. Among the key numeric information we include average daily turnover, assets under management, and cash flows (all in $US). If you have any questions on any of the products listed or any suggestions on how to improve future editions of the directory, please do not hesitate to get in touch.

Visit https://eqindex.db.com/etf/ for report

Source: Deutsche Bank- Synthetic Equity & Index Strategy-North America


Schwab ETF platform for 401(k)s hits regulatory speed bump

The platform, which was expected to debut in the fourth quarter, may need more work
October 7, 2013--The Charles Schwab Corp.'s long-awaited ETF platform for 401(k)s-widely forecasted to launch in the fourth quarter-has hit a regulatory speed bump.

The offering, which would make exchange-traded funds available to retirement plans, has run into a snag with regulators, according to Steve Anderson, executive vice president at Schwab Retirement Plan Services.

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Soure: Investment News


Morgan Stanley ETF Weekly Update

October 7, 2013--US ETF Weekly Update
Weekly Flows: $1.1 Billion Net Outflows
$123.2 Billion YTD
ETF Assets Stand at $1.6 Trillion, up 16% YTD
Six ETF Launches Last Week
Van Eck Announces Changes to LatAm Bond ETF

US-Listed ETFs: Estimated Flows by Market Segment

ETFs exhibited net outflows of $1.1 bln last week, second consecutive week of net outfolows
The past two weeks, ETFs have exhibited a combined $4.6 bln in net outflows
Last week’s net outflows were led by Fixed Income ETFs ($2.2 bln in net outflows); first net outflows in Fixed Income ETFs in five weeks
Eight of the 15 categories we measure posted net outflows last week
ETF assets stand at $1.6 tln, up 16% YTD; $123.2 bln net inflows YTD

13-week flows remain mostly positive among asset classes; combined $47.7 bln in net inflows
International - Developed ETFs generated net inflows of $17.1 bln over the last 13 weeks, the most of any category we measured and 46% more than the next largest category (US Large-Cap ETFs)
Over the last 13 weeks, only three categories have posted net outflows; Fixed Income and Currency ETFs accounted for 96% of ETF net outflows over the last 13 weeks

US-Listed ETFs: Estimated Largest Flows by Individual ETF

iShares Core S&P Mid-Cap ETF (IJH) posted net inflows of $2.4 bln this past week, the most of any ETF
The iShares 3-7 Year Treasury Bond ETF (IEI) exhibited net outflows of $2.6 bln last week, the most of any ETF; last week's net outflows were IEI's first in seven weeks
Interestingly, IJH and the ProShares Ultra MidCap400 (MVV) generated a combined $3.6 bln in net inflows last week whereas the SPDR S&P MidCap 400 ETF (MDY) posted $1.8 bln in net outflows; the three ETFs track the identical index
Over the last 13 weeks, the SPDR Gold Trust (GLD) has posted net outflows of $2.5 bln, the most of any ETF; that being said, there was a three-week stretch (8/12/13-8/30/13) when GLD actually generated $451 mln in net inflows

US-Listed ETFs: ETF Dollar Volume

ETF monthly $ volume as a % of listed trading volume was essentially flat in September relative to August at 27%

Over the past 5 years, ETFs peaked at 36% of listed trading volume in November 2008

ETFs traded $333 bln last week, up $67 bln from the prior week and 22% above their 13-week average

Leveraged/Inverse ETFs accounted for 9% of volume last week, however, make up only 2% of ETF market cap

US-Listed ETFs: Short Interest Data Unchanged: Based on data as of 9/13/13

For the second consecutive period, SPDR S&P 500 ETF (SPY) had the largest increase in USD short interest ($1.6 bln)
SPY's shares short are at their highest level since 5/31/12 and 22% above their one-year average
Shares short of iShares MSCI Brazil Capped ETF (EWZ) declined to 35.4 mln from 52.1 mln on 8/30/13; up until this past period, EWZ's shares short had steadily increased throughout the year while EWZ is down 12.6% YTD on a market total return basis
Aggregate ETF USD short interest increased by $351 mln over the period ended 9/13/13

The average shares short/shares outstanding for ETFs is currently 4.2%
For the second straight period, the SPDR Retail ETF (XRT) exhibited the highest shares short as a % of shares outstanding; XRT's shares short are currently 280%, down from last period's 360%
Based on multiple borrowings and the ability to continuously create new shares, shares short as a % of shares outstanding can exceed 100% (only seven ETFs exhibited shares short as a % of shares outstanding greater than 100%)

US-Listed ETFs: Most Successful Recent Launches by Assets

$8.8 bln in total market cap of ETFs less than 1-year old
International Equity ETFs account for 44% of market capitalization of ETFs launched over the past year and 40% of net inflows over the last 13 weeks
Ten ETFs launched over the past two weeks
101 new ETF listings and 43 closures/delistings YTD

The top 10 most successful launches make up 71% of the market cap of ETFs launched over the past year
Four ETF sponsors and two asset classes represented in top 10 most successful launches; we note that the representation of funds with an income orientation is currently five (down from seven at the end of the second quarter)
Over the last year, BlackRock has launched 22 ETFs and accounts for 51% of all recently launched ETF market capitalization, the most of any sponsor (in terms of both number and market capitalization)

US-Listed ETFs: Short Interest Data Unchanged: Based on data as of 9/13/13

For the second consecutive period, SPDR S&P 500 ETF (SPY) had the largest increase in USD short interest ($1.6 bln)
SPY's shares short are at their highest level since 5/31/12 and 22% above their one-year average
Shares short of iShares MSCI Brazil Capped ETF (EWZ) declined to 35.4 mln from 52.1 mln on 8/30/13; up until this past period, EWZ's shares short had steadily increased throughout the year while EWZ is down 12.6% YTD on a market total return basis
Aggregate ETF USD short interest increased by $351 mln over the period ended 9/13/13

The average shares short/shares outstanding for ETFs is currently 4.2%
For the second straight period, the SPDR Retail ETF (XRT) exhibited the highest shares short as a % of shares outstanding; XRT's shares short are currently 280%, down from last period's 360%
Based on multiple borrowings and the ability to continuously create new shares, shares short as a % of shares outstanding can exceed 100% (only seven ETFs exhibited shares short as a % of shares outstanding greater than 100%)

US-Listed ETFs: Most Successful Recent Launches by Assets

$8.8 bln in total market cap of ETFs less than 1-year old
International Equity ETFs account for 44% of market capitalization of ETFs launched over the past year and 40% of net inflows over the last 13 weeks
Ten ETFs launched over the past two weeks
101 new ETF listings and 43 closures/delistings YTD

The top 10 most successful launches make up 71% of the market cap of ETFs launched over the past year
Four ETF sponsors and two asset classes represented in top 10 most successful launches; we note that the representation of funds with an income orientation is currently five (down from seven at the end of the second quarter)
Over the last year, BlackRock has launched 22 ETFs and accounts for 51% of all recently launched ETF market capitalization, the most of any sponsor (in terms of both number and market capitalization)

reuest report

Source: Morgan Stanley


SEC sees flaws in new Treasury asset manager report: sources

October 7, 2013--Federal securities regulators had warned of flaws in a U.S. Treasury draft report that could lead to costly regulations on large asset managers, people familiar with the matter told Reuters on Monday.

Last week the Office of Financial Research released the report, which found that activities of asset managers could pose risks to the broader marketplace.

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Source: Reuters


OFR Report-Asset Management and Financial Stability September 2013

October 7, 2013--The OFR delivered this report, Asset Management and Financial Stability, to the Financial Stability Oversight Council (Council) on ways that activities in the asset management industry could pose risks to the financial stability of the United States by creating, amplifying, or transmitting stress through the financial system.

The OFR studied the activities of asset management firms and funds at the request of the Council.

In developing the report, the OFR staff reviewed existing research, analyzed industry data, interviewed market participants, and consulted extensively with Council member agencies.

view the Office of Financial Research report-Asset Management and Financial Stability September 2013

Source: OFR (Office of Financial Research )


As ETFs gain steam, advisers follow along

They're a newer breed, serving those who have neither the time nor the inclination to make their own ETF buying decisions
October 6, 2013--Not only is the number of exchange-traded funds growing in Canada. So, too, are the ranks of advisers who specialize in putting together ETF portfolios.

They're a newer breed of advice-giver, serving those who have neither the time nor the inclination to make their own ETF buying decisions. These advisers are known as ETF investment strategists, counsellors who serve high-net-worth investors.

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Source: The Star


SEC Filings


October 09, 2026 Arrow ETF Trust files with the SEC
October 09, 2026 Tidal Trust V files with the SEC-Defiance Daily Target 2X Long Pasqal ETF
October 09, 2026 Tidal Trust V files with the SEC-Defiance 2X Daily Long Photonics ETF
October 09, 2026 Northern Lights Fund Trust III files with the SEC-HCM Select 50 ETF
October 09, 2026 Select Sector SPDR(R) Trust files with the SEC-4 State Street(R) S&P 500(R) Sector SPDR(R) ETFs

view SEC filings for the Past 7 Days


Europe ETF News


October 05, 2026 New ETF and ETP Listings on October 2, 2026, on Deutsche Boerse
October 02, 2026 New ETF and ETP Listings on October 2, 2026, on Deutsche Boerse
October 01, 2026 New ETF and ETP Listings on October 1, 2026, on Deutsche Boerse
September 30, 2026 HANetf launches world's first currency hedged Bitcoin ETCs allowing investors to gain Bitcoin exposure without US dollar risk
September 30, 2026 New ETF and ETP Listings on September 30, 2026, on Deutsche Boerse

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Asia ETF News


October 02, 2026 18 of the Top 50 Overseas Securities Purchased by Korean Retail Investors Were U.S.-Listed ETFs
September 29, 2026 PAAMC HK Lists Ping An AI Select ETF and Ping An Healthcare 50 Select ETF on SEHK
September 29, 2026 ChinaAMC Launches Cash Flow ETF and Asia's First HALO ETF Tracking Solactive Indices
September 25, 2026 Solactive Launches the Solactive US Mega Technology Focus 12 Index, Providing the Underlying Benchmark for Rakuten Investment Management's New Concentrated Equity Fund
September 15, 2026 Global X Launched KOSPI 200 ETF (3408/9408 HK) in Hong Kong with the lowest fee[1]

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Global ETP News


September 30, 2026 Dune report finds tokenized markets often diverge from the assets they reference
September 23, 2026 OECD Economic Outlook, Interim Report September 2026-Global growth holds up despite successive shocks, but risks persist
September 17, 2026 ETFGI reports Global ETF Assets Top $24 Trillion for the First Time as Investors Add Nearly $2 Trillion in 2026
September 15, 2026 World Trade Report: Trade reform to boost growth; inaction can cost 10% global GDP

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Middle East ETP News


October 05, 2026 Saudi Arabia's non-oil economy improves, but Iran war continues to weigh on growth
September 28, 2026 Iran war could pull Gulf capital out of global markets
September 24, 2026 Mideast Stocks: Gulf shares slip on regional uncertainty, shipping concerns

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Africa ETF News


September 29, 2026 South African rand extends losses before local economic releases
September 29, 2026 FNBT40 -Listing of Additional FNB Top 40 ETF Securities
September 28, 2026 African markets news roundup
September 27, 2026 Africa's Mineral Strength Is Wasted If Countries Don't Work Together-New Report
September 04, 2026 Up to $1bn could flow to Nigeria as NGX rejoins Frontier Index on 21 September

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ESG and Of Interest News


September 30, 2026 The Global Stock Market Boom, by Country (2011–2025)
September 08, 2026 Ranked: Countries With the Highest Debt-to-GDP Ratios

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White Papers


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