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| New ETF to Hold Closed-End Shares |
March 9, 2010--Invesco PowerShares launched the first ETF whose portfolio consists of closed-end funds last month. The PowerShares CEF Income Composite Portfolio (PCEF) tracks the S-Network Composite Closed-End Fund Index.
| Like mutual funds and ETFs, closed-end funds are diversified portfolios, but they differ in the way they sell and price their shares. read more | ||||||||||
| Fund.com Says It is Executing on Its Business Plan Through Its AdvisorShares Subsidiary to Bring Actively Managed ETFs to the Market
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| March 10, 2010-- Fund.com, Inc. said today that its majority-owned subsidiary, AdvisorShares Investments, LLC, a developer and distributor of actively managed ETFs, is currently on track to have three actively managed ETFs trading on the New York Stock Exchange in April. There are currently 17 actively traded ETFs. | ||||||||||||
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| DB Index Research -- Weekly ETF Market Review - US
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| March 10, 2010--Highlights New Listings and Delistings There were no new listings in the last week. Net Cashflows This week $3.30 bn flowed into ETPs. Equity, Fixed Income and Commodity ETPs had inflows of $1.86 bn, $848 mm and $610 mm respectively, while Currency ETPs had outflows of $144 mm. | ||||||||||||
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| Proshares files with the SEC
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| March 10, 2010--Proshares has filed a post-effective amendment, registration statement for ProShares Trust: ProShares Ultra Nasdaq Biotechnology; ProShares Short Basic Materials; | ||||||||||||
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| State Street files with the SEC
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| March 10, 2010--State Street has filed a amended registration statement for SPDR S&P Russia ETF | ||||||||||||
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| 13 new Xmtch ETFs launched on Xetra
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| March 10, 2010--Since Wednesday, 13 new Xmtch equity index funds from Credit Suisse’s ETF offering have been tradable on Xetra®. Of the 13 new products, seven are tradable in euros, four in US dollars, and two ETFs in pounds sterling. Two of the new Xmtch ETFs on the EURO STOXX 50 and MSCI EMU indices enable investors to participate in the performance of euro area companies. | ||||||||||||
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| ETF Landscape: European STOXX 600 Sector ETF Net Flows, week ending 05-Mar-10
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| March 10, 2010--Last week saw US$200.7 Mn net inflows to STOXX 600 sector ETFs. The largest sector ETF inflows last week were in Media with US$90.7 Mn and Banks with US$63.9 Mn while Utilities experienced net outflows of US$50.3 Mn. | ||||||||||||
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| US ETF Snapshot: February 2010-State Street Global Advisors
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| March 10, 2010--As of February 28, 856 ETFs in the US—with assets totaling approximately $752BN—were managed by 31 ETF managers.
ETF industry assets rose $21.5BN for the month, or 2.9%. | ||||||||||||
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| Deutsche Börse to Expand Product Offering on Xetra International Market
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| Deutsche Börse to Expand Product Offering on Xetra International Market March 10, 2010--Deutsche Börse plans to expand the scope of tradable instruments on its pan-European platform Xetra International (XIM) market from 86 securities at present to 1,000. By summer 2010 the existing offering for France, the Netherlands, Belgium, Finland, Spain and Italy will be enlarged by 700 securities. In this way all EURO STOXX instruments from these countries and additional highly liquid ones will become tradable and will be settled in their home countries. | ||||||||||||
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| Treasury, Energy Announce Guidance for Tax Treatment of Smart Grid Investment Grants
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| March 10, 2010--The Department of Treasury and the Department of Energy announced today new guidance on the tax treatment for grantees receiving Recovery Act funding under the $3.4 billion Smart Grid Investment Grant program. Under the guidance released today, the Internal Revenue Service is providing a safe harbor under section 118(a) of the Internal Revenue Code for corporations receiving funding under the program. | ||||||||||||
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