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ETF Securities: Commodity ETC Assets Triple over past 12 months to $17bn as Demand for Gold, Energy, Agriculture and Other Hard Assets Surge
December 9, 2009--Commodities bounced back strongly this year following the recent credit crisis, with ETFS Forward All Commodities DJ-UBSCI-F3SM (FAIG) up 20% year-to-date and 268% over the past 10 years based on data to the end of November.
ETFS Industrial Metals (AIGI) was the best performing ETC, with YTD growth of 67%. Industrial metals significantly outperformed developed market equities, outperforming the Dow Jones Euro STOXX 50 by 37 percentage points since the start of 2009. Industrial metals have also outperformed bonds, cash and real estate over the same period as the global recovery has become more entrenched and market appetite for plays on the recovery has accelerated. The precious metals sub-sector was the next best performing major sector, with ETFS Physical Silver (PHAG), ETFS Physical Platinum (PHPT) and ETFS Physical Palladium (PHPD) all returning over 60% YTD.
Commodities remain the best performing major asset class over a 10 year horizon, with ETFS Forward All Commodities DJ-UBSCI-F3SM (FAIG) registering cumulative growth of 268%, compared to a 10% rise in the Dow Jones Euro STOXX 50, a 13% rise in the FTSE 100, a 6% rise in property1 and 75% return on bonds2.
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Source: ETFS Securities
CESR publishes an update on the assessment of the proposals for MiFID pre-trade transparency waivers
December 9, 2009--The MiFID compliance of these functionalities has been assessed at CESR level on the basis of the new joint process that CESR launched in February 2009.
The table(Ref. CESR/09-324) includes information on a new assessments made at CESR level regarding an application for a waiver to be granted on the basis of the MiFID Implementing Regulation that CESR considered not to be compliant with MiFID.
BM&FBOVESPA Authorizes Trading Of Flexible Call And Put Options On iShares Ibovespa Index Fund (BOVA11) Contracts
December 9, 2009--The Brazilian Securities, Commodities and Futures Exchange has authorized, as of 12/07/2009, Flexible Call and Put Options on iShares Ibovespa Index Fund (BOVA11) for trading. This new OTC derivatives contract allows financial institutions to structure an array of investment strategies for their clients like, protected capital, for example.
The BOVA11, is one of the four Exchange Traded Funds (ETFs) offered by BM&FBOVESPA. They track the performance of Ibovespa, IBR-X 50, Mid-Large Cap Index, and Small Cap Index, indexes developed and calculated by the Exchange.
The new contract is registered in the derivatives OTC market, under the code FBC, for flexible call options, and FBP for flexible put options. Each contract corresponds to the share value multiplied by the number of shares to be freely agreed upon between the parties, subject to the minimum trading lot of 100 shares.
Source: Online News
Osmosis Investment Management to launch climate solutions ETF
December 9, 2009--Osmosis Investment Management has launched the Osmosis Climate Solutions ETF.
The exchange-traded fund will give investors access to a broad range of global companies whose primary business is to create technologies, products and solutions that help the world move towards a more sustainable, low carbon economy.
The ETF will track the Osmosis Climate Solutions Index, which was developed with the assistance of HSBC’s quantitative techniques business. The index comprises 100 companies with more than 50 per cent of earnings derived from products or services focused on the efficient use of natural resources and the mitigation of climate change. The universe is further screened for liquidity, and weighted to provide diversified global exposure to climate solution technologies.
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Source: ETF Express
NASDAQ OMX Launches New Swedish Portfolio Index
December 9, 2009--The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that it has launched a new portfolio index for the Swedish equity market, the OMX Stockholm All-Share Cap GI Index (OMXSCAPGI). The weight of the shares included in the index is based on the company's total market value but limited to ten percent to comply with the fund rules in the EU directive UCITS .
“The index represents all shares listed on NASDAQ OMX Stockholm and is a great indicator of the overall market performance,” said Magdalena Hartman, Vice President NASDAQ OMX Global Index Group. “The UCITS compliance will allow the index to serve as an excellent benchmark for funds investing in the Swedish equity market.”
The OMX Stockholm All-Share Cap GI Index is calculated as a total return, market capitalized weighted index where the constituents are weight limited in order to comply with the UCITS directive. The index rule book is transparent and market adapted. The index has a very high correlation of 0.9999 with the uncapped total return version of OMX Stockholm All-Share.
The index has a base date of December 29, 2006 with a base value of 100 and historical data available from that date. The index value is updated once a minute and it currently holds 288 constituents.
Source: NASDAQ OMX
European DJ STOXX 600 Sector ETF Net Flows, week ending 04-Dec-09
December 9, 2009--Highlights
Last week saw US$116.3 Mn net inflows to DJ STOXX 600 sector ETFs. The largest sector ETF inflows last week were in Telecommunications with US$109.7 Mn and Banks with US$24.9 Mn while Insurance experienced net outflows of US$26.0 Mn.
Year-to-date, Telecommunications has been the most popular sector with US$550.6 Mn net new assets, followed by Basic Resources with US$458.3 Mn net inflows. Travel & Leisure sector ETFs have been the least popular with US$16.8 Mn net outflows YTD.
Visit Blackrock for more information.
Source: ETF Research and Implementation Strategy Team, Blackrock
Lyxor ETFs surpass EUR30bn in assets under management
December 8, 2009--Lyxor Asset Management, Société Générale’s wholly-owned subsidiary, surpassed EUR30bn in exchange-traded fund assets under management in November 2009.
Total ETF AUM reached EUR31.08bn as of 30 November 2009, representing a 30.92 per cent rise from EUR23.74bn a year earlier.
In addition, Lyxor had net new assets of EUR772m in November across its equity, fixed income and commodities ETFs.
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Source: ETF Express
BATS Europe Publishes "Listing Market Outages: A Continuity and Price Formation Study
December 8, 2009--Analysis finds that alternative trading venues provide good price formation and liquidity, even in the event of listing market outage.
view the Listing Market Outages: A continuity and price formation study
Source: BATS Europe
FESE European Equity Market Report – November 2009 Figures
December 8, 2009--The ‘European Equity Market Report’ which gathers data from all the market segments operated by FESE members (including Regulated Markets and Multilateral Trading Facilities) as well as from the major MTFs operated by investment firms in the European market is now available.
The FESE Statistics Methodology used in the Report has been agreed by all the trading venues involved, both RM and MTFs.
view European Equity Market Report - Year 2009
Source: FESE
Bank of Ireland Securities Services has launched a pan-European exchange traded fund settlement platform for ETF issuers, called BoISS ETP Direct.
Bank of Ireland Securities Services has launched a pan-European exchange traded fund settlement platform for ETF issuers, called BoISS ETP Direct.
December 8, 2009--The product is designed to permit ETFs to settle delivery against payment directly in multiple jurisdictions across the European Union.
Fearghal Woods, director of business development of Bank of Ireland Securities Services, said: "The product is designed to provide a more transparent, cost effective and efficient ETF settlement mechanism across the European depositary network."
The platform is expected to streamline the trading activities of ETF market makers through reducing costs, minimising risks and improving timeliness of settlement.
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Source: FT.com
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