Global ETF News Older than One Year
Deutsche Bank sets €10bn profit target
December 14, 2009--Deutsche Bank is to target record pre-tax profits of €10bn ($14.6bn) from its operating businesses by 2011, Germany’s largest bank said yesterday.
The goal compares with pre-tax profits of about €7.2bn in 2007 from the same operations and reflects the bank’s belief in its recovery prospects.
Source: FT.com
Russell Investments Selects NASDAQ OMX to Disseminate Index Values for Its Global Indexes
December 14, 2009--The
NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Russell Investments today
announced that NASDAQ OMX(R) has been selected as the primary source of
real-time index values for Russell's global and ex-U.S. indexes.
In order to more broadly distribute this comprehensive, rules-based index information, NASDAQ OMX will begin disseminating real-time values for the Russell Global Indexes on January 11, 2010 via its premier index service, the Global Index Data Service(SM) (GIDS(SM)). GIDS subscribers have low administrative and technology costs and GIDS is designed to facilitate excellence in trading performance and portfolio valuation due to its frequent dissemination of index data. GIDS supports a diverse array of NASDAQ OMX-branded indexes that cover equities, bonds, commodities and exchange traded funds (ETFs), as well as third party partnered indexes.
"Russell and NASDAQ OMX clients worldwide will have instant access to our comprehensive global index data, equipping them with the sharpest picture of the global investment landscape," said Rolf Agather, Russell's director of index research and innovation. "This arrangement streamlines our process for efficiently delivering real-time, delayed and end-of-day data through existing data feeds."
"We are pleased to be selected to disseminate index values for a leading index provider like Russell Investments," said Randall Hopkins, Senior Vice President of Global Data Products, NASDAQ OMX. "By leveraging the capabilities of NASDAQ OMX, critical Russell index information is delivered to the market in real-time and in a highly scalable manner for customers. This agreement expands the relationship between our organizations which work closely together during the annual reconstitution of Russell indexes."
Since 2004, Russell has leveraged the NASDAQ Closing Cross for the annual reconstitution of its U.S. indexes. The NASDAQ Closing Cross is used to determine NASDAQ official closing prices (NOCPs) which are widely used throughout the financial industry.
NASDAQ OMX will disseminate values for these Russell Investment indexes through the NASDAQ OMX Global Access program. NASDAQ OMX Global Access offers Russell the opportunity to distribute its data through one of the largest and most successful data distribution organizations in the world, NASDAQ OMX Global Data Products. By leveraging the sales, administrative, technical and brand strength of NASDAQ OMX, Global Access provides customers turn-key access to a premier data business. For details, visit http://www.nasdaqtrader.com/Trader.aspx?id=globalaccessprogram.
Source: NASDAQ OMX
NASDAQ Announces the Annual Re-Ranking of the NASDAQ-100 Index
December 11, 2009--The NASDAQ OMX Group, Inc.
(Nasdaq:NDAQ) announced today the annual re-ranking of the NASDAQ-100
Index(R), effective with the market open on Monday, December 21, 2009.
The following seven issues will be added to the NASDAQ-100 Index: Vodafone Group Plc (Nasdaq:VOD), Mattel, Inc. (Nasdaq:MAT), BMC Software, Inc. (Nasdaq:BMC), Mylan Inc. (Nasdaq:MYL), QIAGEN N.V. (Nasdaq:QGEN), SanDisk Corporation (Nasdaq:SNDK), and Virgin Media Inc. (Nasdaq:VMED).
"We are delighted that these companies have been included in the NASDAQ-100 Index," said NASDAQ OMX Executive Vice President John L. Jacobs. "Of the seven new companies in the index, four transferred their listed securities from the NYSE to The NASDAQ Stock Market(R). Inclusion in the NASDAQ-100 Index, a globally recognized brand, provides these companies with increased visibility and distinguishes them as some of the world's leading large-cap growth companies."
The NASDAQ-100 Index is composed of the 100 largest non-financial stocks on The NASDAQ Stock Market and dates to January 1985 when it was launched along with the NASDAQ Financial-100 Index(R), which is comprised of the 100 largest financial stocks on NASDAQ(R). These indexes were originally designed to segment NASDAQ into two major industry groups to support media coverage and to act as benchmarks for financial products such as options, futures, and funds. The NASDAQ-100 Index is re-ranked each year in December, timed to coincide with the quadruple witch expiration Friday of the quarter.
On a cumulative price return basis, the NASDAQ-100 Index has returned 1314% since inception, although past performance is not indicative of future performance.
The NASDAQ-100 Index is the basis of the PowerShares QQQ(R) Trust (Nasdaq:QQQQ) which aims to provide investment results that, before expenses, correspond with the NASDAQ-100 Index performance. In addition, options, futures and structured products based on the NASDAQ-100 Index and the PowerShares QQQ Trust trade on various exchanges.
As a result of the re-ranking of the NASDAQ-100 Index, the following seven securities will be removed: Akamai Technologies, Inc. (Nasdaq:AKAM), Hansen Natural Corporation (Nasdaq:HANS), IAC/InterActive Corp (Nasdaq:IACI), Liberty Global's Class A Common Stock (Nasdaq:LBTYA), Pharmaceutical Product Development, Inc. (Nasdaq:PPDI), Ryanair Holdings plc (Nasdaq:RYAAY), and Steel Dynamics, Inc. (Nasdaq:STLD).
To learn more about the criteria for inclusion to the NASDAQ-100, visit https://indexes.nasdaqomx.com/data.aspx?IndexSymbol=NDX.
Source: NASDAQ OMX
Europe urges 'social' tax on banks worldwide
December 11, 2009--Europe on Friday backed Anglo-French moves to introduce a future "social" tax on banks, insurers and markets, but Germany blocked calls for it to impose a levy on bankers' past bonuses as well.
European Union leaders endorsed a fresh call by British Prime Minister Gordon Brown, supported by French President Nicolas Sarkozy, for the International Monetary Fund to examine a global so-called 'Tobin' tax.
The idea is one among a series of proposals they want considered to ensure that trillions of dollars of taxpayers' support during the 2007-8 financial crisis is repaid with a slice of boom-time profits.
Source: Eu Business
EU Backs Global Financial Transaction Tax
December 11, 2009--The European Union urged the International Monetary Fund on Friday to pursue a global tax on financial transactions to limit the risk of another economic crisis, despite U.S. opposition.
EU leaders also underlined the need for "sound and effective" financial sector pay at a two-day summit but, with the notable exception of Germany, did not broadly support French and British proposals to tax bankers' bonuses heavily.
Source: Yahoo
Dow Jones Islamic Market Indexes Index Review Results: 4th Quarter 2009
December 10, 2009--Dow Jones Indexes, a leading global index provider, today announced the results of the regular quarterly review of the Dow Jones Islamic Market Indexes. All changes will be effective after the close of trading on Friday, December 18, 2009.
In the Dow Jones Islamic Market World Index, 55 components will be added while 100 components will be deleted. That decreases the number of components in the index to 2,356 from 2,401.
With 33 additions and 52 deletions, the number of components in the Dow Jones Islamic Market Asia/Pacific Index will decrease to 1,049 from 1,068. In the Dow Jones Islamic Market Europe Index, seven components will be added, while 25 components will be deleted. That decreases the number of components in the index to 386 from 404. The number of components in the Dow Jones Islamic Market Americas Index will decrease to 782 from 783, with 13 additions and 14 deletions. In the Dow Jones Islamic Market MENA Index, one component will be added, while 13 components will be deleted. That decreases the number of components in the index to 152 from 164.
In the Dow Jones Islamic Market BRIC Equal Weighted Index, no component will be added, while four components will be deleted. That decreases the number of components in the index to 60.
In the Dow Jones Islamic Market China Offshore Index, no component will be added, while two components will be deleted. That decreases the number of components to 20. With seven additions and two deletions, the number of components in the Dow Jones Islamic Market Hong Kong Index will increase to 90 from 85. In the Dow Jones Islamic Market India Index, one component will be added, while nine components will be deleted. That decreases the number of components in the index to 178 from 186. The number of components in the Dow Jones Islamic Market Turkey Index will remain at 27, with two companies being exchanged.
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market World Index decreased to US$11.80 trillion from US$12.04 trillion1.
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market Asia/Pacific Index decreased to US$2.25 trillion from US$2.31 trillion, while the total free-float market capitalization of the reconstituted Dow Jones Islamic Market Europe Index decreased to US$2.53 trillion from US$2.60 trillion. As of December 7, 2009, the total free-float market capitalization of the reconstituted Dow Jones Islamic Market Americas Index decreased to US$6.87 trillion from US$6.97 trillion and the total free-float market capitalization of the Dow Jones Islamic Market MENA Index decreased to US$100.66 billion from US$104.25 billion.
The total free-float market capitalization of the reconstituted Dow Jones Islamic Market BRIC Index increased to US$465.79 billion from US$459.16 billion.
The free-float market capitalization of the reconstituted Dow Jones Islamic Market China Offshore Index decreased to US$47.42 billion from US$48.33 billion, while the free-float market capitalization of the reconstituted Dow Jones Islamic Market Hong Kong Index decreased to US$109.27 billion from US$112.72 billion. As of December 7, 2009, the free-float market capitalization of the reconstituted Dow Jones Islamic Market India Index decreased to US$295.99 billion from US$299.78 billion, while the free-float market capitalization of the reconstituted Dow Jones Islamic Market Turkey Index increased to US$15.37 billion from US$15.08 billion.
The Dow Jones Islamic Market Indexes were introduced in 1999 as the first indexes intended to measure the global universe of investable equities that pass screens for Shari'ah compliance. With more than 100 indexes, the series is the most comprehensive family of Islamic market measures and includes regional, country, and industry indexes, all of which are subsets of the Dow Jones Islamic Market Index.
An independent Shari’ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies. To determine their eligibility for the Dow Jones Islamic Market Indexes, stocks are screened based on their industry type and their financial ratios. Excluded are companies engaged in the following lines of business: alcohol, tobacco, pork-related products, financial services, defense/weapons and entertainment. Also excluded are companies for which the following financial ratios are 33% or more: debt divided by trailing 24-month average market capitalization; cash plus interest-bearing securities divided by trailing 24-month average market capitalization; and accounts receivables divided by trailing 24-month average market capitalization.
There are currently more than 150 licensees with more than US$7 billion in assets benchmarked to the Dow Jones Islamic Market Indexes.
More information on the Dow Jones Islamic Market Indexes is available on http://www.djindexes.com.
Company additions to and deletions from the Dow Jones Islamic Market Indexes do not in any way reflect an opinion on the investment merits of the company.
The Dow Jones Islamic Market China/Hong Kong Titans 30 Index is reviewed annually in September.
Dow Jones Islamic Market Titans 100, Dow Jones Islamic Market U.S. Titans 50, Dow Jones Islamic Market Asia/Pacific Titans 25, Dow Jones Islamic Market Europe Titans 25 and Dow Jones Islamic Market Malaysia Titans 25 indexes are reviewed annually in June.
The Dow Jones DFM Titans 10 Index is reviewed annually in March.
1 The market capitalization values of all indexes cited in this report are as of December 7, 2009.
Source: Dow Jones Indexes
Norton Rose publishes survey on hopes for Copenhagen
December 9, 2009--On Novemember 26, 2009 Norton Rose published the result of the survey on hopes for Copenhagen.
Introduction
Over the past two years, the 2009 United Nations Climate Change Conference that will take place in Copenhagen from 7 to 18 December (COP15), has been hailed as one of the most significant global events for a generation. With the first commitment period of the Kyoto Protocol set to expire in 2012, senior politicians from around the world are to converge on Denmark with the goal of reaching an agreement on how best to address climate change. In anticipation of this, we decided to undertake a survey of the views of individuals in business involved with the environmental, sustainability and climate change issues for their organisations.
Rseults of the survey
Over three quarters of business respondents believe that an unsuccessful outcome at Copenhagen will have a detrimental impact on business.
Success or failure
79% think an unsuccessful outcome at Copenhagen will have a detrimental impact on business
70% believe the US position is significant
72% believe the negotiations will be a ‘compromised success’
Most significant global issue
60% feel climate change should be a priority over the global economic crisis
98% believe strong political leadership will be required
90% say their organisation is committed to combating climate change
Business opportunities
96% say there are business opportunities in their country as a result of the drive to reduce carbon emissions
The survey “The Hopes for Copenhagen” is based on 114 individual responses from people involved in all aspects of the environmental, sustainability and climate change issues in their business. The survey took place from 2 November to 13 November 2009 to canvas the views of climate change stakeholders on the perceived consequences to their business of the United Nations Climate Change Conference (COP 15) in Copenhagen, 7-18 December 2009.
Umberto Mauro, Norton Rose Studio Legale partner and member of the Global Climate Change & Carbon Finance Group at Norton Rose commented: "While the chances of agreeing a legally binding treaty at COP15 are small, there is hope that some form of agreement will be reached and a legally binding treaty will follow some time in 2010. With this survey, we wanted to give our clients the chance to express their views as to their hopes and expectations for COP15. The overriding insight we gained is that business leaders are, on the whole, very committed to combating climate change, but feel that the politicians are not paying close enough attention to the fact that the private sector will have to make significant investment to meet new CO² reduction targets. One of the key questions my colleagues and I at Norton Rose expect to see debated at Copenhagen is: What measures will be taken by governments to attract private sector finance to the green energy sector?"
view the Hopes for Copenhagen - A Norton Rose Group survey
Source: Norton Rose
Indian regulator acts against Barclays
December 9, 2009--India’s stock market regulator last night suspended UK-based Barclays Bank from dealing in notes that enable offshore investors to trade Indian stocks, for allegedly providing inaccurate disclosures on the true identity of its clients.
The regulator alleged that Barclays had given it false information on clients that had bought shares of mobile operator Reliance Communications, controlled by Indian billionaire Anil Ambani, through offshore derivatives, known as participatory notes.
Source: FT.com
CESR gathers international supervisors to discuss worldwide enforcement of IFRS
December 7, 2009--Enforcers of IFRS from 33 countries, representatives from the International Accountings Standards Board and auditors met for the first time at CESR offices in Paris on 3 and 4 December 2009 to discuss enforcement of International Financial Reporting Standards (IFRS) and enforcement decisions taken around the world. Participants included staff from the European Economic Area (EEA), and representatives of ten IFRS enforcers from other countries, such as Brazil, China, Egypt, India, Japan, Mexico, South Africa, Turkey, Switzerland and the USA.
The decision by CESR to organise the meeting reflects CESR’s strong commitment to strengthen dialogue with third-country enforcers with a view to enhance the consistent application of IFRS around the globe.
Source: CESR
GSB Publishes Seven New ETF Directories for 2010
December 8, 2009--Global Strategy Board, an international research firm and provider of market-related knowledge products, has launched seven 2010 ETF directories.
The directories contain some of the most detailed and precise categories for research purposes and are easily downloadable, ad-free and printer-friendly.
Categories in this Knowledge Product:
Commodities-Energy-Industrials-Materials-Resources: Agricultural Commodities ¡ö Broad Baskets of Commodities ¡ö Energy-related Commodities ¡ö Energy Stock Plays ¡ö Alternative-Clean-Green Energy ¡ö Industrial Metals ¡ö Precious Metals ¡ö Materials ¡ö Natural Resources ¡ö Shorting Commodities & Industrials
Bonds: Assorted Bonds ¡ö California Municipal Bonds ¡ö Emerging Market Bonds ¡ö Government Bonds ¡ö High Yield Bonds ¡ö Inflation-Protected Bonds ¡ö International Bonds ¡ö Long-Term Bonds ¡ö Municipal Bonds-National ¡ö New York Municipal Bonds ¡ö Short-Term Bonds ¡ö Shorting Bonds
Large Caps: Long Large Caps ¡ö Shorting Large Caps
Mid Caps: Long Mid Caps ¡ö Shorting Mid Caps
Small Caps: Long Small Caps ¡ö International Small Caps ¡ö Shorting Small Caps
Value Investing: Long Value Stocks ¡ö Shorting Value Plays
Dividend Plays: Long Dividends ¡ö International Dividend Plays
Growth Stocks: Long Growth Stocks ¡ö Shorting Growth Stocks
Manufacturing & Services
Communications Sector: Long Communications ¡ö Shorting the Communications Sector
Consumer-related: Consumer Discretionary ¡ö Consumer Staples ¡ö Consumer Goods & Services ¡ö Shorting the Consumer-related Sectors
Financial Services Sector: Long Financials ¡ö Shorting Financials
Technology: Long Tech ¡ö Shorting the Techs
Healthcare: Long Healthcare ¡ö Shorting the Healthcare Sector
Utilities: Long Utilities ¡ö Shorting Utilities
Social Responsibility ETFs
Real Estate: Long Real Estate ¡ö International Real Estate ¡ö Shorting Real Estate
Equal Sector/Equal Weight Strategies
International Outlook: Global Stock Plays ¡ö Emerging Markets ¡ö International Bonds ¡ö International Real Estate ¡ö Regional Approach¡ªAsia Pacific, Europe, Latin America, Middle East & Africa ¡ö Country-based approach ¡ö Shorting the International Markets
Plays on Currencies
Target Dated ETFs
Assorted ETFs & ETNs
Source: Global Strategy Board
