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DB-Synthetic Equity & Index Strategy-North America-US ETF Market Weekly Review - US ETPs reach $1.4 trillion in assets
January 28, 2013--Market and Net Cash Flows Review
Markets were mixed during last week. The US (S&P 500) edged higher by 1.14%; while, outside the US, the MSCI EAFE (in USD) rose by 1.56% and the MSCI EM (USD) dropped by 1.06%. Moving on to other asset classes, the 10Y US Treasury Yield rose by 11 bps last week; while the DB Liquid Commodity Index end the week flat.
In the meantime, the Agriculture sector (DB Diversified Agriculture Index) pulled back by 1.11% and the WTI Crude Oil rose 0.33%, while Gold and Silver prices retreated by 1.52% and 2.1%, respectively. Last but not least, Volatility (VIX) rose by 3.45% during the same period.
The total US ETP flows from all products registered $3.3bn (+0.2% of AUM) of inflows during last week vs. $2.9bn (+0.2%) of inflows the previous week, setting the YTD weekly flows average at +$6.3bn (+$25.02bn YTD in total cash flows).
Equity, Fixed Income, and Commodity ETPs experienced flows of +$2.76bn (0.27%), +$1.17bn (0.45%), -$0.53bn (-0.46%) last week vs. +$1.96bn (0.2%), +$0.79bn (0.31%), +$0.22bn (0.19%) in the previous week, respectively.
Among US sectors, Healthcare (+$0.3bn, +2.09%) and Information Technology (+$0.23bn, +1.0%) received the top inflows, while Consumer Discretionary (-$0.52bn, -8.1%) and Financials (-$0.14bn, -0.29%) experienced the largest outflows.
Within Equity ETPs, Small Cap products had the largest inflows (+$0.7bn, +1.6%), while Large Cap products had the largest outflows of $0.9bn (-0.4%). Within Fixed Income ETPs, Corporate products had the largest inflows (+$0.7bn, +0.7%). Within Commodity ETPs Precious Metals (-$0.4bn, -0.4%) experienced the largest outflow.
Top 3 ETPs & ETNs by inflows: GUNR (+$0.5bn), IWM (+$0.4bn), VTI (+$0.3bn) Top 3 ETPs & ETNs by outflows: XRT (-$0.5bn), IVV (-$0.4bn), XLF (-$0.4bn)
New Launch Calendar: No new listings No new listings during last week.
Turnover Review: Floor activity decreased by 15%
Total weekly turnover decreased by 15.2% to $209.8bn vs. $247.5bn from the previous week. Last week's turnover level was 22% below last year's weekly average. Equity, Fixed Income and Commodity ETPs turnover decreased by $28.5bn (-13.4%), $5.4bn (-29.5%) and $3.3bn (-24.5%), respectively.
Assets under Management (AUM) Review:
US ETPs reach $1.4 trillion
US ETP assets break through the $1.4 trillion mark and record a new high. As of last Friday, US ETPs have accumulated an asset growth of 5.2% YTD. Assets for Equity, Fixed Income and Commodity ETPs moved +$10.3bn, +$0.8bn, -$2.2bn during last week, respectively.
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Source: Deutsche Bank - Synthetic Equity & Index Strategy-North America
Precidian files with the SEC
January 25, 2013--Precidian has filed a application for exemptive relief with the SEC-actively-managed ETFs.
Source: SEC.gov
BMO ETFs Leads Canadian ETF Industry in New Assets for Second Consecutive Year
BMO accounted for 40 per cent of total 2012 Canadian ETF industry inflows
BMO ETF assets up 130 per cent in 2012; attracted $5 billion in net new assets
BMO S&P/TSX Capped Composite Index ETF (ZCN) top ETF industry fund with $813 million in asset inflow
BMO's extensive ETF line-up has grown to 48 funds in under four years
January 25, 2013--BMO Asset Management Inc. (BMO AM) today announced that its ETF business* led the Canadian ETF industry in new assets for the second consecutive year in 2012.
BMO ETFs attracted $5 billion in net new assets, up 130 per cent from the previous year. Overall, BMO accounted for 40 per cent of all Canadian ETF new asset inflows for the year.**
BMO S&P/TSX Capped Composite Index ETF (ZCN) topped the industry with $813 million in inflows. ZCN is designed to replicatethe performance of the S&P/TSX Capped Composite Index, the primary indicator for Canadian equity markets.
BMO attributed its overall success to the organization's ability to anticipate and address the needs of Canadian investors, by building a line-up of core ETFs based on market leading indexes, thoughtful sector ETFs, and innovative specialty solution ETFs. The product suite has grown to 48 funds (including multiple industry firsts) in under four years.
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Source: BMO Financial Group
CFTC.gov Commitments of Traders Reports Update
January 25, 2013--The current reports for the week of January 22, 2013 are now available.
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Source: CFTC.gov
CBOE Looks to Broaden Appeal of VIX Products
January 25, 2013--CBOE Holdings, buoyed by the phenomenal success of options and futures contracts based on its Volatility Index, is ratcheting up its efforts to broaden their appeal.
“The volatility business is only eight years old, but we see terrific growth,” Ed Tilly, CBOE’s president and chief operating officer, told a gathering of reporters in New York recently. “We see hedge funds, prop trading firms, (commodity trading advisors), insurance companies and other institutional users migrating to the product. It’s very important for us.”
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Source: Traders Magazine
S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices-A Deletion From The S&P/TSX SmallCap Index
January 25, 2013--S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Spartan Oil Corp. (TSX:STO) have agreed to the terms of a Plan of Arrangement with Bonterra Energy Corp. (TSX:BNE).
Spartan Oil will be removed from the S&P/TSX SmallCap Index effective after the close of Tuesday, January 29, 2013.
Source: S&P Canadian Index Services
International Securities Exchange Weekly Listings, January 25, 2013
January 25, 2013--The International Securities Exchange (ISE) listed new options classes during the week beginning January 21, 2013 as described below.
Effective Wednesday, January 23, 2013, the ISE will list options on the following product(s) along with their related symbol(s):
Bin 8 - Citadel Securities LLC Equity
BRE Properties Inc. (Symbol: BRE, Trading Symbol(s): BRE) will trade on a January expiration cycle with exercise and position limits of 250000. EMCOR Group Inc. (Symbol: EME, Trading Symbol(s): EME) will trade on a January expiration cycle with exercise and position limits of 75000. Amicus Therapeutics Inc. (Symbol: FOLD, Trading Symbol(s): FOLD) will trade on a January expiration cycle with exercise and position limits of 75000. Lancaster Colony Corp. (Symbol: LANC, Trading Symbol(s): LANC) will trade on a March expiration cycle with exercise and position limits of 25000.
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Source: Mondovisione
Van Eck files with the SEC
January 25, 2013--Van Eck has filed a post-effective amendment, registration statement with the SEC for the
Market Vectors Bank and Brokerage ETF (RKH)
Market Vectors Biotech ETF (BBH)
Market Vectors Environmental Services ETF (EVX)
Market Vectors Gaming ETF (BJK)
Market Vectors Pharmaceutical ETF (PPH)
Market Vectors Retail ETF (RTH)
Market Vectors Semiconductor ETF (SMH)
Market Vectors Wide Moat ETF (MOAT)
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Source: SEC.gov
Obama picks Mary Jo White to head SEC
January 24, 2013--President Obama on Thursday nominated Mary Jo White, a former federal prosecutor in New York, to head the Securities and Exchange Commission, the watchdog agency that monitors Wall Street and corporate financial disclosures.
"You don't want to mess with Mary Jo," Obama said in a press conference. "As one former SEC chairman said 'Mary Jo doesn't intimidate easily.' And that's important, because she's got a big job ahead of her."
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Source: CNN
S&P hits 1,500 for first time in 5 years
January 24, 2013--The broad S&P 500 brushed up on the 1500 mark for the first time since before the financial crisis in December 2007.
Meanwhile, shares of Apple weighed on the Nasdaq.
Today's Markets
As of 3:40 p.m. ET, the Dow Jones Industrial Average rose 66 points, or 0.48%, to 13845, the S&P 500 climbed 2.4 points, or 0.16%, to 1497 and the Nasdaq Composite dipped 18.5 points, or 0.58%, to 3135.
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Source: Fox Business News
