Americas ETP News
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Canada-only ETN kicks off trading
April 13, 2012--The first exchange-traded notes solely listed in Canada start trading on Friday, adding another new dimension to the country's growing ETF market.
Barclays Bank PLC announced the launch of three new ETNs under the iPath banner that will give investors access to U.S.-denominated indexes in Canadian dollars.
“You can get exposure to cross-listed ETNs already in Canada,” said Tim Edwards, vice president, investor solutions at Barclays. “But these are the first securities that are really built for the Canadian marketplace and with the needs and objectives of Canadian investors in mind.”
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Source: canada.com
CFTC.gov Commitments of Traders Reports Update
April 13, 2012--The current reports for the week of April 10, 2012 are now available.
view updates
Source: CFTC.gov
Treasury Department Statement Regarding Decision to Delay Semi-Annual Report to Congress on International Economic and Exchange Rate Policies
April 13, 2012-Treasury today announced that it will delay publication of the semi-annual Report to Congress on International Economic and Exchange Rate Policies of our major trading partners so that progress may be assessed following several upcoming international meetings: the G-20 Finance Ministers and Central Bank Governors Meeting April 19-20;
the spring meetings of the International Monetary Fund (IMF) and World Bank April 20-21; and the upcoming U.S.-China Strategic and Economic Dialogue.
Treasury last published the semi-annual Report December 27, 2011.
Source: US Department of the Treasury
Standard & Poor's Announces Quarterly Review of S&P/TSX Preferred Share Index and the S&P/TSX Venture Select Index
April 13, 2012--Standard & Poor's Canadian Index Operations announces the following index changes as a result of the quarterly S&P/TSX Preferred Share Index and S&P/TSX Venture Select Index Reviews.
These changes will be effective at the open on Monday, April 23, 2012:
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Source: Standar & Poor's
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
April 13, 2012--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:
The shares of Goldbrook Ventures Inc. (TSXVN:GBK) will be removed from the S&P/TSX Venture Composite Index after the close of Friday, April 13, 2012.
The shares of the company have been acquired by Jilin Jien Nickel Industry Co., Ltd. (Shanghai:600432).
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poor's
Cracks open within the ranks of issuers
April 13, 2012--Market participants are calling it the exchange traded note, or ETN, that barked.
Last month the TVIX, an ETN marketed by VelocityShares, diverged dramatically from the volatility index it was meant to be tracking. Its issuer, Credit Suisse, had suspended the creation of new units due to its own internal risk limits, inhibiting the market from keeping the note’s value in check.
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Source: FT.com
AdvisorShares files with the SEC
April 13, 2012--AdvisorShares has filed a post-effective amendment, registration statement with the SEC for the Pring Turner Dow Jones Business Cycle ETF.
view filing
Source: SEC.gov
iShares files with the SEC-iShares Emerging Markets Corporate Bond Fund
April 13, 2012--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Emerging Markets Corporate Bond Fund
Symbol: CEMB
Listed Exchange:BATS
view filing
Source: SEC.gov
J.P. Morgan to Sponsor Two Additional PIMCO ETFs on the Mexican Stock Exchange
April 12, 2012--J.P. Morgan announced today that it has been appointed by PIMCO (Pacific Investment Management Company LLC), a leading global investment management firm, to offer two of its U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).
The two ETFs are in addition to the existing five PIMCO ETFs previously sponsored by J.P. Morgan on the same exchange.
The new PIMCO ETFs, PIMCO 0-5 Year High Yield Corporate Bond Index Fund (HYS) and PIMCO 25+ Year Zero Coupon U.S. Treasury Index Fund (ZROZ), are listed on the BMV in pesos and trades can be initiated through a local broker.
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Source: JP Morgan
Latin America - Markets refocus on fundamentals
April 12 , 2012--Latin American equities trailed global equities in 2011, giving back a small part of the huge outperformance delivered over the past decade.
Risk aversion has persisted since the fourth quarter of 2010, largely because of deterioration in the financial stability of the euro zone.
In 2012, however, we anticipate that markets will once again focus on local fundamentals. Starting from a base case of decelerating inflation across Latin America, we see room for multiple expansion across the region’s equity markets over the coming 18 months. In addition, because the political calendar appears relatively quiet in 2012, we believe election-related market volatility likely will be reduced.
Inflationary pressures that negatively affected Latin American equities in 2011 are expected to ease into 2012, removing the key, recent, local overhang to performance. The one exception is in Argentina, where official data mask a more deep-rooted inflation issue. In Brazil, we forecast that inflation data will have peaked in 2011, followed by a downward trend throughout the first half of 2012. Brazilian IPCA readings have remained stubbornly high since April 2011, above the 6.5% ceiling of the target band.
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Source: Mirae Asset Management
