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US equity funds see $7 bln outflow in week -Lipper

April 12, 2012--Investors pulled $7.03 billion from equity funds in the week ending April 11, with the bulk of the money coming out of funds invested in U.S. stocks, especially through exchange-traded funds, data from Thomson Reuters' Lipper showed on Thursday.

Over the course of the holiday-shortened reporting week, the Standard & Poor's 500 Index, the U.S. benchmark for equities, fell 2.16 percent.

Taxable bond funds took in $56 million, but investors pulled $4.39 billion from money market funds and $57 million from municipal bond funds, Lipper said.

Investors pulled $6.88 billion from equity funds invested in U.S. equities, of which $5.68 billion came from ETFs holding U.S. stocks. The high rate of investment outflow from ETFs suggests it came from institutional investors.

Almost half of the money withdrawn from ETFs that was invested in U.S. stocks came from funds that mimic the return of two major stock indexes, the S&P 500 and the Dow Jones industrial average.

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Source: Reuters


CFTC.gov Financial Data for Futures Commission Merchants Update

March 11, 2012--The selected FCM financial data as of 2/29/2012 (from reports filed by 4/1/2012) is now available

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Source: CFTC.gov


Fitch: Popular Short-Term ETFs Offer Higher Yield, But Add Risk

April 11, 2012--Fitch Ratings notes the growing popularity of short-term fixed-income Exchange Traded Funds, or ETFs. These are short-term bond funds that market themselves as a close alternative to money market funds.

We note one example that underscores the growing popularity of this product in PIMCO Enhanced Short Maturity Strategy ETF (MINT). The objective of MINT is the maximum current income consistent with preservation of capital and daily liquidity, identical to that of MMFs. The fund has reached $1.5 billion in the 2.5 years since its inception in November 2009. MINT currently offers a 0.96% 30-day yield versus an average 0.03% yield delivered by taxable MMFs, according to iMoneyNet. That's a sizable difference, and one that underscores the allure for investors in traditional MMFs.

Investors also benefit from additional transparency with actively managed ETFs, as they are obligated under Securities and Exchange Commission rules to disclose their portfolio holdings daily versus monthly for MMFs.

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Source: Fitch Ratings


SEC readies vote on circuit-breaker replacement

April 11, 2012--On 4 April, the US Securities and Exchange Commission (SEC) announced, after several extensions, that it would finally decide whether to approve a new volatility-mitigation plan for the US equities market by 31 May.

The new mechanism would replace the current single-stock circuit breakers for securities in the S&P 500 and Russell 1000 indices and certain exchange-traded funds (ETFs) sets to expire on August 11, or sooner if the new plan is implemented prior to the deadline.

The plan, developed by a consortium of the leading US equities and equity options exchanges – including NYSE Euronext, Nasdaq OMX, BATS Global Markets, Direct Edge and Chicago Stock Exchange – in league with the Financial Industry Regulatory Authority (FINRA), seeks to replace the single-stock circuit breaker pilot that has been in position since June 2011 to better address extraordinary market volatility, such as experienced on 6 May, 2010.

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Source: The trade


CFTC to Hold Open Meeting to Consider Two Final Rules

April 11, 2012--The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Wednesday, April 18, 2012, at 9:30 a.m., to consider two Final Rules:

Final Rule on Further Definition of "Swap Dealer," "Security-Based Swap Dealer," "Major Swap Participant," "Major Security-Based Swap Participant," and "Eligible Contract Participant."

Final Rule on Commodity Options.

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Source: CFTC.gov


S&P Indices, TMX Group launch Low Volatility and High Beta Versions of the S&P/TSX Composite Index

Indices Licensed to PowerShares Canada
April 11, 2012-S&P Indices and TMX Group Inc. announced today that they are launching two new indices designed to provide market participants with unique measuring tools for specific stock characteristics within the S&P/TSX Composite, the principal broad market measure for the Canadian equity markets.

The S&P/TSX Composite Low Volatility Index measures the performance of the 50 least volatile stocks in the S&P/TSX Composite. The Index is designed to serve as a benchmark for low volatility strategies in the Canadian stock market. Constituents are weighted relative to the inverse of their corresponding volatility, or standard deviation, with the least volatile stocks receiving the highest weights.

The S&P/TSX Composite High Beta Index will measure the performance of the 50 constituents of the Composite that are the most sensitive to changes in market returns. It is designed to serve as benchmark for investors with a bullish strategic or tactical view of the Canadian stock market. Constituents are weighted in proportion to their market sensitivity, or beta, with the highest beta stocks receiving the highest weights.

S&P Indices has licensed both the S&P/TSX Composite Low Volatility Index and the S&P/TSX Composite High Beta Index to PowerShares Canada.

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Source: Toronto Stock Exchange


SPDR US ETF Snapshot: March 2012

April 11, 2012--1,228 Exchange Traded Funds (ETFs)-with assets totaling $1.2TN-were managed by 36 ETF managers as of March 31, 2012.
Month over month, ETF assets increased by more than $14BN, up 1.2%.

A $12.1BN gain in assets in the Size - Large Cap category fueled a 1.2% increase in overall assets in the ETF Industry for March.

STATE STREET HIGHLIGHTS, MARCH 2012

2012 Investment Themes
At first glance, the S&P 500® Index returned 0.0% in 2011. In other words, it ended the year in the same place that it started. However, when including dividends in the return, the S&P 500 Index was up 2.1%. This boost in total return is something that dividend investments can potentially offer investors in an environment characterized by uncertainty.
For more on this please see our SPDR® ETF 2012 Investment Themes featured on /www.spdru.com.

State Street recently launched a new short duration high yield fixed income ETF.
SPDR Barclays Capital Short Term High Yield Bond ETF [SJNK]: Click here for complete product information. •For more information, including product fact sheets and related whitepapers, visit www.spdrs.com.

ETF Industry Detail
Asset Classes -Overall
The S&P 500® Index increased 3.3% while the MSCI EAFE® Index decreased 0.5%. Commodities were positive, with the S&P® GSCI® Index down 2.4% and Gold dropping 6.1%. US Bonds were slightly negative with the Barclays US Treasury Index losing 1.0% and the Barclays US Aggregate Index dropping 0.5%.

FLOWS
•ETF flows topped $11BN in March. The Size-Large Cap category had a category-leading $5.9BN in inflows, a reversal from the $4.8BN in outflows it had in February. The Fixed Income category continued to see positive inflows attracting $3.9BN in March and $15.6BN year-to-date.

visit www.spdrs.com for more information.

Source: SSGA


Van Eck Launches First US Listed "Fallen Angel" ETF

Market Vectors Fallen Angel High Yield Bond ETF (ANGL) offers exposure to an often overlooked but potentially attractive segment of the high yield bond universe
April 11, 2012--Market Vectors ETF Trust has added another first-of-its-kind exchange-traded fund (ETF) to its rapidly growing fixed income ETF family, it was announced today.

Trading began this morning on Market Vectors Fallen Angel High Yield Bond ETF (NYSE Arca: ANGL), a fund designed to focus on the U.S. dollar denominated “Fallen Angels” segment of the corporate high yield bond market, which currently accounts for approximately 15 percent of the U.S. dollar denominated high yield bond universe.

ANGL seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of The BofA Merrill Lynch U.S. Fallen Angel High Yield Index (H0FA), which is comprised of below investment-grade corporate bonds denominated in U.S. dollars that were rated investment grade at time of issuance. Bonds may have been issued by either U.S. or non-U.S. issuers, but qualifying securities must be issued in U.S. dollars in the U.S. domestic market for inclusion in the index.

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Source: Van Eck


SEC Announces Members of New Investor Advisory Committee

April 9, 2012--The Securities and Exchange Commission today announced the formation of a new Investor Advisory Committee required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.

The 21-member committee replaces the advisory committee that was disbanded after the Dodd-Frank Act became law. Section 911 of the Dodd-Frank Act established the new committee to advise the Commission on regulatory priorities, the regulation of securities products, trading strategies, fee structures, the effectiveness of disclosure, and on initiatives to protect investor interests and to promote investor confidence and the integrity of the securities marketplace. The Dodd-Frank Act authorizes the committee to submit findings and recommendations for review and consideration by the Commission.

Members of the newly formed committee were nominated by all five sitting Commissioners and represent a wide variety of interests, including senior citizens and other individual investors, mutual funds, pension funds, and state securities regulators.

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Source: SEC.gov


Morgan Stanley-ETF Weekly Update

April 9, 2012--US ETF Weekly Update
Weekly Flows: $1.1 Billion Net Inflows
ETF Assets Stand at $1.2 Trillion, up 13% YTD
Five ETF Launches Last Week
No News Items

US-Listed ETFs: Estimated Flows by Market Segment

ETFs posted net inflows for the 2nd consecutive week; $1.1 bln net inflows in the short week
Last week’s net inflows were led by US Small- & Micro-Cap ETFs which generated net inflows of $715 mln
ETF assets stand at $1.2 tln, up 13% YTD; ETFs have posted net inflows 12 out of 14 weeks YTD

13-week flows were mostly positive among asset classes; combined $47.8 bln net inflows
Fixed Income ETFs have consistently generated weekly net inflows (34 straight weeks of net inflows)
Over the past 13 weeks, EM Equity ETFs exhibited net inflows of $11.0 bln; this is a reversal from 2011 when the category had net outflows of $2.2 bln for the full year

US-Listed ETFs: Estimated Largest Flows by Individual ETF

iShares Russell 2000 Index Fund (IWM) posted net inflows of $625 mln last week, the most of any ETF
Despite IWM’s net inflows last week, the ETF has struggled YTD, posting net outflows of $299 mln
Not only did the Vanguard MSCI Emerging Markets ETF (VWO) generate strong net inflows last week, over the past 13 weeks it has posted net inflows of $6.3 bln, the most of any ETF; VWO has exhibited net inflows for 20 straight weeks

US-Listed ETFs: Short Interest
Data Unchanged: Based on data as of 3/15/12

iShares Russell 2000 Index Fund (IWM) posted the largest increase in USD short interest
IWM’s shares short are at their highest levels since 11/30/11
SPY had the largest decline in USD short interest since last updated; given SPY’s size and liquidity it is not unusual to see big swings in its USD short interest

Retail ETFs make up the top two most heavily shorted ETFs (shares short/shares outstanding)
The average shares short/shares outstanding for ETFs is currently 4%
Based on multiple borrowings and the ability to continuously create new shares, short interest as a % of market cap can exceed 100%

US-Listed ETFs: Most Successful Recent Launches by Assets
Source: Bloomberg, Morgan Stanley Smith Barney Research.
Data estimated as of 4/5/12 based on daily change in share counts and daily NAVs.

$7.3 billion in total market cap of ETFs less than 1-year old
Over the past 13 weeks, newly launched US Custom ETFs generated most net inflows at $813 mln
81 new ETF listings and 16 closures YTD

Over the past year, many of the successful launches have an income/dividend orientation
Six different ETF sponsors and two asset classes represented in top 10 most successful launches
The recently incepted PIMCO Total Return ETF (BOND), which underwent a ticker change last week, continued to gain traction, taking in $51 mln in net new money last week, the most of any new ETF
Top 10 most successful launches account for 55% of market cap of ETFs launched over the past year

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Source: Morgan Stanley


SEC Filings


August 19, 2026 Gator Capital Investment Trust files with the SEC-Gator Capital Long/Short ETF
August 19, 2026 Exchange Listed Funds Trust files with the SEC-Saba Opportunistically Hedged Closed-End Funds ETF
August 19, 2026 Northern Lights Fund Trust II files with the SEC-Beacon Tactical Alternatives Risk ETF
August 19, 2026 Northern Lights Fund Trust II files with the SEC-Defiance AI Capacitors Leaders ETF
August 19, 2026 John Hancock Exchange-Traded Fund Trust files with the SEC-John Hancock Multi Asset Credit ETF

view SEC filings for the Past 7 Days


Europe ETF News


August 18, 2026 Themes ETF Trust files with the SEC-6 Leverage Shares 2X Group Daily ETFs
August 13, 2026 New ETF and ETP Listings on August 13, 2026, on Deutsche Boerse
August 12, 2026 Deutsche Boerse Welcomes LAIQON as New ETF Issuer
August 12, 2026 Deutsche Boerse Welcomes LAIQON as New ETF Issuer
August 07, 2026 Allianz Global Investors Joins SIX Swiss Exchange as New ETF Issuer

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Asia ETF News


August 19, 2026 Mirae Asset Securities Launches WTI Leverage ETNs in First Partnership with Solactive
August 11, 2026 Korea Investment Launches ETF Bundling Five Strategic Industries
August 10, 2026 Axis Mutual Fund launches Axis Nifty Energy Index Fund & Axis Nifty Energy ETF
August 10, 2026 Korea Investment Launches ETF Betting on Chips and Strategic Industries
August 10, 2026 Retail assets in STI exchange-traded funds surge fivefold to $4.2b: SGX

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Global ETP News


August 19, 2026 ETFGI reports Global ETF Industry Assets Reach Record US$ 23.11 Trillion at the end of July and YTD Inflows Hit All-Time High US$ 1.71 Trillion
August 13, 2026 From Chinese AI to Global ETFs: STARTRADER Launches 45 New 24/7 Stock and ETF CFDs Spanning Seven Market Themes
August 06, 2026 Flow Traders Brings 24/7 Liquidity to Algorand
August 05, 2026 Tokenized Equities Surge 140% in 2026 as New DeFiLlama Research Maps the Market
July 31, 2026 Global goods trade resilient in the first quarter of 2026 despite war in Middle East

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Middle East ETP News


August 05, 2026 Qatar ETF net asset value dips to $109.6mln in H1 2026
August 05, 2026 Mideast Stocks: Major Gulf bourses mixed as investors await clarity on US-Iran talks
August 03, 2026 Mideast Stocks: Most Gulf markets gain as Trump holds off Iran strike
July 31, 2026 STARTRADER expands AI offering with 31 New US Share & ETF CFDs in Semiconductors, Optical Networking & Nuclear
July 30, 2026 Saudi economy shrinks for first time in three years

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Africa ETF News


August 10, 2026 West Africa growth projected at 4.6% in 2026, remains resilient-AfDB Regional Economic Outlook Report
August 10, 2026 Africa: 'Nigeria's Fintech Ecosystem Has Become One of Africa's Largest'
August 06, 2026 Africa: Zimbabwe Overtakes Nigeria As Africa's Best-Performing Stock Market
August 05, 2026 Nairobi Securities Exchange Plans East Africa's First AI ETF- But Its CEO Is Watching for a Bubble
July 29, 2026 Regional Economic Outlook 2026: Southern Africa Must Mobilise Development Finance at Scale to Close Annual $55 Billion Financing Gap

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ESG and Of Interest News


July 30, 2026 Ranked: The World's Biggest Mineral Producers
July 21, 2026 Sovereign Wealth Funds Need Legal Clarity as Their Scale and Mandates Expand
July 15, 2026 Women's health attracted record equity in 2025 as companies share capital

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White Papers


July 20, 2026 IMF Staff Country Report Singapore: Selected Issues
July 17, 2026 Graying Asia: How Aging Is Reshaping Banking
July 17, 2026 The Changing Landscape of Financial Integration in Asia-Pacific

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