Global ETF News Older than One Year
ETF Licensing, Innovative Index Launches, Dow Anniversary Cap Memorable First Half of 2011 Dow Jones Indexes
June 30, 2011-- The late-June licensing of eight indexes from the Dow Jones Emerging Markets Sector Titans Indexes series capped an impressive first half of 2011 for Dow Jones Indexes, which also launched a host of innovative indexes and commemorated the Dow Jones Industrial Average’s 115th anniversary.
Among the other first-half 2011 highlights for the global index provider included:
a collaboration with FXCM Inc. to launch the Dow Jones FXCM Dollar Index, which measures the value of the U.S. dollar against a basket of the world’s most liquid currencies;
the licensing, with SAM, of the Dow Jones Sustainability World Enlarged ex All/AE Index and the Dow Jones Sustainability Europe ex All/AE Index, to Blackrock for use with ETFs; and
the winning of three awards for its highly decorated Dow Jones Islamic Market Indexes series:
Source: Dow Jones Indexes
Dow Jones Islamic Market Indexes In June 2011: Islamic Finance Defies The Global Banking Industry’s Contraction
June 30, 2011--This Dow Jones Indexes commentary is a monthly analysis of the Islamic market indexes industry written by Gerard Al-Fil, a Dubai-based financial journalist.
Mr Al-Fil is a Middle Eastern correspondent for Dubai-based portal AME Info, German business weekly Euro am Sonntag, and the Swiss publications, Schweizer Bank and moneycab.com. Over the course of his career, Mr. Al-Fil has reported on business and finance from the UAE, Kuwait, Bahrain, Qatar, Oman, Turkey, Iran and China.
Source: Mondovisione
TMX/LSE Withdraw Application Related To Proposed Merger
June 30, 2011--On June 29, 2011, the TMX Group Inc. and London Stock Exchange Group plc withdrew their applications to the British Columbia Securities Commission (BCSC) and the Alberta Securities Commission (ASC) to amend the TSX-Venture Exchange's recognition orders in B.C. and Alberta.
A copy of the Withdrawal of Application (http://www.osc.gov.on.ca/documents/en/Proceedings-OTH/now_20110629_tmx-lse.pdf) is available on the BCSC and ASC websites.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors.
Source: British Columbia Securities Commission
Gold hits six-week low on weak demand outlook
June 30, 2011--The price of gold slumped to a six-week low on Friday as the passage of austerity measures in Greece, the end of quantitative easing in the US and softening commodity prices dealt a triple blow to the precious metal.
The bullion had held up around $1,500 a troy ounce but on Friday slid as much as 1.4 per cent to a low of $1,478.01 after Greece took a decisive step away from default with a vote backing austerity measures.
Source: FT.com
LSE future uncertain after TMX failure
June 30, 2011--Middle East investors Borse Dubai and the Qatar Investment Authority hold the key to the future of the London Stock Exchange, amid speculation that it has become a takeover target after its aborted $3.5bn bid for Canada’s TMX Group.
Borse Dubai owns nearly 21% of LSE stock and the Qataris hold 15.1%, Thomson Reuters data shows, making the investors easily the largest shareholders in the London exchange and key decision-makers in its future.
Source: FIN24
Deutsche Börse AG and NYSE Euronext seek approval from the European Commission for planned business combination
June 29, 2011--Deutsche Börse AG and NYSE Euronext confirm that they have today formally notified their planned business combination to the European Commission’s Directorate-General for Competition, thereby triggering the formal start of the anti-trust review process in Europe.
The NYSE Euronext Board of Directors has scheduled a special meeting of shareholders on July 7, 2011 where they will ask the NYSE Euronext shareholders to vote to approve the combination with Deutsche Börse. The acceptance period during which shareholders of Deutsche Börse can tender their shares for exchange to the joint holding company of Deutsche Börse and NYSE Euronext (Alpha Beta Netherlands Holding N.V.) will end on July 13, 2011.
The combination of Deutsche Börse and NYSE Euronext creates:
a genuine transatlantic market infrastructure, positioning Europe as an equal partner to the US in leading the development and harmonization of effectively regulated capital markets;
a true, pan- EU equity stock market, with single currency trading and the deepest pool of liquidity in Europe, which thereby advances the European Commission’s vision of a single, integrated, pan EU €-denominated capital market;
significant benefit for clients and issuers thanks to increased efficiencies and reduced costs from opportunities for post-trade harmonization.
the premier global exchange, allowing Europe to strengthen and solidify its role as one of the world’s most important financial centers now and into the future.
Source: Deutsche Börse
Business tightens up on risk control
June 29, 2011--One in 10 global companies has spent more than $250m on improving their risk management over the past two years, and half of all companies have spent more than $25m, according to a twice yearly report on nearly 400 groups by Accenture.
Rocked by the financial crisis, many companies told the consultancy they had sharply stepped up their spending and the amount of board time and energy they devoted to risk management.
Source: FT.com
LSE calls off merger with TMX Group
June 29, 2011-The London Stock Exchange’s hopes of securing its future as part of a transatlantic deal with TMX Group evaporated last night after the UK bourse withdrew its merger plan having failed to secure enough support from shareholders of its Canadian peer.
The withdrawal is a serious setback to Xavier Rolet, the French chief executive of the LSE, and might put the exchange in play as a potential bid target.
The LSE’s share price has risen by 15 per cent since mid-May amid speculation that it might be taken over, with Nasdaq OMX of the US topping the list of potential predators.
SOurce: FT.com
Oil rallies on reappraisal of IEA move
June 29, 2011--Oil prices rallied more than $3 a barrel on Wednesday, recovering all the losses triggered by last week’s decision by rich consuming nations to release strategic oil stocks.
Brent crude, the global benchmark, jumped to a peak of $112.48 a barrel, the highest since last Thursday, when the International Energy Agency announced its members would sell 60m barrels of oil, the third co-ordinated sale from the reserves in the organisation’s history.
Source: FT.com
EU examines NYSE, Deutsche Boerse merger
June 29, 2011--European antitrust authorities launched Wednesday their examination of a merger between NYSE Euronext and Deutsche Boerse, a deal that would create the world's biggest stock exchange
The office of European competition commissioner Joaquin Almunia confirmed receiving the merger plans and said the preliminary probe would close by August 4.
Brussels must decide whether to authorise the operation, possibly with conditions attached to it, or launch a deeper investigation that could last several months.
Source: EUbusiness
