Americas ETP News
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CFTC.gov Commitments of Traders Reports Update
April 26, 2013--The current reports for the week of April 23, 2013 are now available
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Source: CFTC.gov
US-based stock funds have $7.3 bln outflow-Lipper
April 25, 2013--April 25, 2013--Investors pulled $7.3 billion out of U.S.-based stock funds in the latest week, the most since
July of last year even as U.S. stock markets recovered from a sharp selloff, data from Thomson Reuters' Lipper Service showed on Thursday.
The big outflow was a result of investors pulling $8.4 billion out of stock exchange-traded funds in the week ended April 24, also the most since July of last year.
The outflows from stock funds follow seven straight weeks of cash gains into the funds. Those cash gains were largely driven by rallies in the U.S. stock market. The benchmark S&P 500 has risen over 11 percent this year as global stimulus measures from the U.S. Federal Reserve and European Central Bank have boosted markets.
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Source: Reuters
Latin America, an Economic Success, Must Now Focus on Education and Social Inclusion
Latin America must build on its economic success and invest in education and social inclusion
Fast growth and stability provide an opportunity, but dangers exist
Time is short for Latin America to prepare for the future
April 25, 2013--The eighth World Economic Forum on Latin America concluded with a call for the region to build on its many economic successes and prepare for the future by focusing on education and social inclusion.
Luis A. Moreno, President, Inter-American Development Bank, Washington DC, said the region is likely to continue to grow at least twice as fast as the developed world for the next three to five years “at a minimum”, and questions of debt overhangs, budget deficits and macroeconomic stability no longer haunt most countries in the region.
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Source: World Economic Forum
Financial Stability Oversight Council (FSOC) Releases Third Annual Report
April 25, 2013--The Financial Stability Oversight Council (Council) today unanimously approved its 2013 annual report, which was developed collaboratively by the members of the Council and their agencies and staff.
Under the Dodd-Frank Act, the Council must report annually to Congress on a range of issues, including the activities of the Council, significant financial market and regulatory developments, and potential emerging threats to the financial stability of the United States. The report must also make recommendations to promote market discipline, maintain investor confidence, and enhance the integrity, efficiency, competitiveness, and stability of U.S. financial markets.
“Our work on financial reform is absolutely essential, as we work to modernize our regulatory framework and make our financial system more stable” said Treasury Secretary Jacob J. Lew. “Members of this Council continue to make a great deal of progress in building a more resilient financial system, and the Council’s annual report informs the public about actions we have taken over the past year, developments in the financial system during that time, and the challenges ahead.”
view the Financial Stability Oversight Council-2013 Annual Report
Source: US Department of the Treasury
Fee Rate Advisory #3 for Fiscal Year 2013
April 25, 2013--April 25, 2013-The Securities and Exchange Commission today announced that starting on May 25, 2013, the fee rates applicable to most securities transactions will decrease from $22.40 per million dollars to $17.40 per million dollars.
The assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction.
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Source: SEC.gov
Tech Glitch Paralyzes Trading in Options
April 25, 2013--A software glitch knocked out trading on the largest U.S. options exchange for more than three hours Thursday, raising fresh questions about the reliability of critical elements of the financial market.
The Chicago Board Options Exchange was forced to delay trading, including in its heavily traded stock-index options contracts, until early afternoon, leaving traders and brokers in its Chicago pits to field angry calls from customers.
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Source: Wall Street Journal
ISE Introduces New Corporate Branding
ISE's New Visual Identity Spans a Redesigned Corporate Website and Expanded Social Media Presence
April 24, 2013--The International Securities Exchange (ISE) today revealed new corporate branding, including a new logo suite, a redesigned corporate website, and new corporate Twitter and LinkedIn pages.
“Since our inception in 2000, ISE has evolved tremendously as an industry innovator and technology leader. The updated ISE logo builds on our strong brand legacy as reflected in the ISE globe and presents a modernized font and color palette that convey our technology focus and forward-looking, entrepreneurial approach to growing our business,” said Gary Katz, President and Chief Executive Officer of ISE.
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Source: International Securities Exchange (ISE)
FINRA OKs Backtested ETF Data For Institutional Investors
April 24, 2013--If I'm reading this guidance letter recently posted to the web correctly, the regulatory body FINRA is now allowing fund companies to use back-tested index data when marketing ETFs and other index-based investments to institutional investors.
The old rules prohibiting the use of back-tested index data in communications with retail investors still stands, the letter makes clear.
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Source: Barron's
MSCI Licenses Risk Premia Indices to BlackRock for 3 New iShares ETFs
April 24, 2013--MSCI Inc. a leading provider of investment decision support tools worldwide, has announced that MSCI Risk Premia Indices are the basis for three new US listed ETFs launched by BlackRock.
BlackRock has licensed the MSCI USA Momentum, MSCI USA Risk Weighted and MSCI USA Value Weighted Indices for a new series of iShares MSCI Factor ETFs. MSCI Risk Premia Indices tilt to a specific factor – for example momentum, size or value – which historically has produced superior long-term risk adjusted returns relative to market cap weighted indices.
These new iShares MSCI Factor ETFs add to the twelve existing iShares ETFs listed globally that are based on the MSCI Minimum Volatility Indices, which also belong to the MSCI Risk Premia Index family. ETF assets benchmarked to the MSCI Minimum Volatility Indices have grown significantly year-over-year, from USD358 million as of March 31, 2012 to USD6.5 billion as of April 15, 2013.
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Source: MSCI
SEC looks to ease rules for launching ETFs
April 23, 2013--The U.S. Securities and Exchange Commission may revive a proposal that would make it easier and cheaper to launch certain kinds of exchange-traded funds, according to interviews with SEC staff.
Amid fast growth in the $1.5 trillion industry, regulators are looking to cut through red tape for sponsors of less complex ETFs, such as those that track the S&P 500, by allowing them to sidestep the onerous SEC application process.
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Source: Reuters
