Americas ETP News
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BlackRock to Start Junk Bond ETF Amid Record Inflows
March 29, 2012--BlackRock Inc. (BLK), the world's biggest money manager, is planning a global junk-bond exchange-traded fund after its first high-yield debt ETF grew to include $14.3 billion of assets in four years.
The IShares Global ex-USD High-Yield Corporate Bond Fund will track an index composed of speculative-grade bonds denominated in euros, pounds and Canadian dollars, according to a prospectus filed today with the Securities and Exchange Commission. The fund aims to invest at least 40 percent of its assets in companies located or doing business outside the U.S., the document said.
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Source: Bloomberg
Guggenheim Investments Announces Final Liquidation Amount Per Share for the Liquidation of Guggenheim MSCI All Country World (ACWI) Equal Weight ETF
March 29, 2012--Guggenheim Investments announced today the final liquidation amount per share for the Guggenheim MSCI All Country World (ACWI) Equal Weight ETF (nysearca:EWAC).
The per-share liquidating amount will be $37.2855 per share with a payable date of 3/30/2012 for any shareholders.
Past performance is not indicative of future performance.
Source: Guggenheim Investments
NSE To Launch Corporate Debt ETF
March 29, 2012--The National Stock Exchange plans to introduce a 'Corporate Debt Exchange Traded Fund' or ETF in this calendar year, reports said.
ETFs are essentially index funds that are listed and traded on exchanges. In this sense, an ETF is a basket of stocks or assets such as gold or even money market instruments. Its trading value is based on the net asset value of the underlying assets that it represents.
The new product is in line with the Government's emphasis on expanding and deepening the corporate debt market. It will help investors put money in a basket of corporate bonds, thereby getting the benefit of a portfolio for investment, source said.
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Source: RTT News
ProShares Launches TTT: New Inverse Treasury ETF
Joins Popular TBT and TBF to Help Hedge Against Potential Declines in Long-term Treasurys
March 29, 2012--ProShares, the nation's fourth most successful exchange traded fund (ETF) company,1 announced today the launch of ProShares UltraPro Short 20+ Year Treasury. The ETF lists on NYSE Arca today.
TTT seeks to provide -3x the daily performance of the Barclays Capital 20+ Year U.S. Treasury Bond Index, before fees and expenses. TTT is the third ProShares ETF providing inverse exposure to long-term Treasurys. In addition to TTT, ProShares offers the popular -2x and -1x long-term Treasury ETFs, ProShares UltraShort 20+ Year Treasury and ProShares Short 20+ Year Treasury.
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Source: ProShares
Massachusetts Scrutinizes Exchange-Traded Note .
March 29, 2012--Massachusetts's securities regulator said it is looking into an exchange-traded note managed by Credit Suisse Group AG CSGN.VX -0.08%that has lost 60% of its value in the past week.
The Massachusetts inquiry comes as the Securities and Exchange Commission also is looking into the product. The SEC review is preliminary, according to people familiar with the matter. Meanwhile, the Financial Industry Regulatory Authority also has been monitoring the situation. "We have been closely looking at the events and trading around [the exchange-traded note], but cannot comment beyond that," a Finra spokesman said.
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Source: Wall Street Journal
FINRA investigating exchange-traded notes: spokesperson
March 29, 2012--The regulator that oversees the sale of investment products to investors is investigating how firms are marketing exchange-traded notes, a niche product that experienced a market meltdown this year.
A spokeswoman for the Financial Industry Regulatory Authority said Thursday the regulator is "looking at the events and trading" activity surrounding a sharp plunge in the price of an exchange-traded note designed to track stock market volatility.
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Source: Reuters
ETFs moving in on vulnerable money market funds
March 28, 2012--Money market funds face their share of uncertainty, but that turmoil may be benefiting a growing crop of money market–like exchange traded funds.
Federated, Legg Mason and iShares have filed with the Securities and Exchange Commission to launch ultra-short ETFs as an alternative to embattled money market funds.
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Source: FT.com
Teucrium Trading, LLC Launches First Agricultural Fund of ETP Funds
The Fund Will Focus on Four Core Agricultural Commodities
March 28, 2012--Teucrium Trading, LLC ("Teucrium"), (www.teucrium.com), the first company to introduce single agricultural commodity Exchange Traded Products ("ETPs") in the United States, and the sponsor of the Teucrium Family of Funds, today announced the launch of the Teucrium Agricultural Fund (NYSE: TAGS), the first ETP to offer exposure to agricultural commodities in a single fund of ETP funds.
Company officials said the new fund, which will trade on the New York Stock Exchange Arca, will invest in corn, soybeans, wheat and sugar, by holding an equal weighting of existing Teucrium single commodity funds, namely, the Teucrium Corn Fund (NYSE:CORN), Teucrium Soybean Fund (NYSE: SOYB), Teucrium Sugar Fund (NYSE: CANE) and Teucrium Wheat Fund (NYSE: WEAT).
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Source: Teucrium Trading, LLC
ShareBuilder 401k Adds Five New Funds to its All-ETF 401(k) Lineup
New Options Including Gold Fund Enable Small Business Owners and Employees to Better Plan for Retirement Through Changing Markets
March 28, 2012--ShareBuilder 401k, a leading provider of retirement plans for small and mid-size business owners and their employees, is expanding its All-ETF 401(k) platform with the addition of five new funds aimed at helping investors diversify, preserve and grow assets over time and through various market conditions.
Effective March 1, ShareBuilder 401k's easy-to-use, cost effective retirement planning platform for businesses ranging from self-employed to mid-size companies has added the following funds to its All-ETF 401(k) lineup:
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Source: ShareBuilder 401k
IMF Working paper-Commodity Prices and Inflation Expectations in the United States
March 28, 2012--Summary: U.S. monetary policy can remain extraordinarily accommodative only if longer-term inflation expectations stay well-anchored, including in response to commodity price shocks.
We find that oil price shocks have a statistically significant, but economically small impact on longer-term inflation compensation embedded in U.S. Treasury bonds. The estimated effect is larger for the post-crisis period, and robust to controlling for measures of liquidity risk premia. Oil price shocks are also correlated with the variance of longer-term inflation expectations in the University of Michigan Survey of Consumers in the post-crisis period. These results are not attributable to looser monetary policy - oil price increases were associated with expectations of a faster monetary tightening after the crisis. Overall, the findings are consistent with some impact of commodity prices on long-term inflation expectations and/or on inflation rate risk.
view the IMF Working paper-Commodity Prices and Inflation Expectations in the United States
Source: IMF
