Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Mexico: Financial System Stability Assessment
March 30, 2012--EXECUTIVE SUMMARY
Mexico was hit hard by the global financial crisis, but the financial system proved resilient.
Economic activity fell sharply in 2009 and financial markets experienced severe stress.
Unregulated housing finance companies failed and banks experienced significant losses in their
credit card portfolios as a result of a bursting consumer lending boom, but spillovers to the broader system were contained. The economy and financial system recovered in 2010 on the
back of sound policy responses and fundamentals, and a rebound in external and domestic demand, and growth has remained robust in the first half of 2011.
The Mexican banking system is profitable, liquid, well capitalized, and stress tests suggest that it is able to withstand severe shocks. Indeed, the strength of capital buffers has persuaded the authorities to introduce Basel III capital requirements in 2012, well ahead of other countries.
view the Mexico: Financial System Stability Assessment report
Source: IMF
Singapore Exchange Derivatives Trading Limited's Euro Stoxx 50 Index Futures Contract has been Certified and may be Offered to U.S. persons through Direct Access Effective March 23, 2012
March 30, 2012--On February 6, 2012, Singapore Exchange Derivatives Trading Limited (SGX) requested expedited Commodity Futures Trading Commission (CFTC) review of the SGX's Euro Stoxx 50 Index futures contract so that it may be offered to U.S. persons.
SGX also requested that the contract may be made available through direct access terminals in the United States.
Source: CFTC.gov
Pimco ETF Rakes In Cash Despite Continued Stock Rally
March 30, 2012--nvestors have flocked to Pimco's new bond ETF, which has raked in the second-most assets of any such fund during the first quarter.
Though trading for just a month, the Pimco Total Return Exchange-Traded Fund took in $264 million since launching March 1, according to data from ConvergEx and XTF Rating Service.
read more
Source: CNBC
BlackRock rebrands Claymore ETFs as iShares
March 30, 2012--BlackRock Investments Canada Inc., which acquired exchange-traded fund provider Claymore Investments Inc. three weeks ago, has killed the Claymore brand.
Nearly all the Claymore ETFs were rebranded Thursday to the iShares name. Ticker symbols for these funds listed on the Toronto Stock Exchange remain unchanged.
read more
Source: Globe and Mail
Horizons ETFs Announces Unit Consolidations
March 30, 2012--Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management ( Canada ) Inc., the manager and trustee of the Horizons BetaPro NYMEX Natural Gas Bull Plus ETF, Horizons BetaPro NYMEX® Long Natural Gas/Short Crude Oil Spread ETF and the Horizons Winter-Term NYMEX
Natural Gas ETF (together, the "ETFs"), has announced today that it intends to consolidate the units of the ETFs, as indicated below:
Unit Consolidations
After the Toronto Stock Exchange (the "TSX") has closed for trading on Thursday, April 12, 2012 , the units of the ETFs will be consolidated on the basis of the ratios (the "Consolidation Ratios") set out below, and will begin trading on a consolidated basis on Friday, April 13, 2012 , the effective date of the consolidations:
read more
Source: Horizons ETFs Management (Canada) Inc.
Schwab considers warnings on controversial exchange-traded products
March 30, 2012--Discount brokerage Charles Schwab Corp is reviewing whether to add a warning when a customer is about to trade certain exchange-traded products, in one of the strongest warnings yet for retail investors about these esoteric securities.
The move follows the sudden plunge in an exchange-traded note called VelocityShares Daily 2X VIX Short-Term ETN, or TVIX, which lost 60 percent of its value last week.
read more
Source: Reuters
Passive approach begins to gain currency
March 30, 2012--The use of exchange-traded funds (ETFs) has grown significantly as investors continue to seek cheaper ways of gaining exposure to certain asset classes over more expensive actively managed strategies.
While ETFs have proved popular vehicles to gain passive exposure to equities, bonds and commodities, currency is something of a late comer to the party and it is only recently that exchange traded products (ETPs) offering exposure to the asset class have started to gain ground.
read more
Source: FT.com
Auspice eBeta Enhanced Indices Licensed for New Funds
MArch 29, 2012--Auspice Capital Advisors Ltd. (Auspice), a leading alternative investment manager has recently entered into partnerships with two leading North American fund providers, which have both licensed the Auspice eBetaTM Enhanced Indices to use in new mandates.
Auspice has entered into a partnership with Direxion Funds of New York to license the Auspice Broad Commodity ER Index and Auspice Managed Futures ER Index for distribution to U.S. investors in a mutual fund format. The two U.S. based mutual funds will seek to replicate the performance of the Auspice Broad Commodity ER Index and Auspice Managed Futures ER Index. The mutual funds both launched February 1st with the following tickers: DXCTX:US and DXMAX:US.
read more
Source: Auspice Capital Advisors, Ltd.
Chaos Over a Plunging Note
March 29, 2012--Regulators are examining volatile trading in a complex exchange-traded note that caused it to lose 60% of its value in the past week.
The Securities and Exchange Commission is looking into the VelocityShares 2x Long VIX Short Term Exchange note, managed by Credit Suisse Group AG, which had about $700 million in assets before the decline, according to people familiar with the matter. The SEC review is preliminary, the people said.
read more
Source: Wall Street Journal
Bernanke: Economy to return to trend growth
March 29, 2012--Federal Reserve Chairman Ben Bernanke said on Thursday that he expects the U.S. economy to return to a long-term growth rate around three percent over time.
Speaking to students at George Washington University, he said U.S. growth was below its long-term trend now, still in a relatively weak recovery following the 2007-2009 financial crisis.
read more
Source: Reuters
