Americas ETP News
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Pimco to launch 'Gross-inspired' active ETF
February 27, 2012--Pimco will this week launch an active exchange traded fund (ETF) based on Bill Gross' Total Return Fund.
The ETF will publish its holdings daily, offering investors a rare glimpse into the mind of Gross, who runs Total Return, Pimco's $250 billion flagship fund.
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Source: Citywire.co.uk
ProShares Announces ETF Reverse Share Split
February 27, 2012--ProShares, the nation's fourth most successful exchange traded fund (ETF) company,1 announced today a reverse share split on one of its ETFs, the ProShares Ultra VIX Short-Term Futures ETF (NYSE: UVXY). The reverse split will not change the value of a shareholder's investment. UVXY is the only ETF in the United States offering magnified exposure to VIX futures.
UVXY will reverse split 1-for-6. The reverse split will apply to shareholders of record as of the close of the markets on March 7, 2012. The fund will trade at its post-split price on March 8, 2012. The ticker symbol for the fund will not change. The fund will be issued a new CUSIP number.
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Source: AME Info
Growth surge 'will lure fund industry to Latin America'
February 26, 2012--Rapid growth in institutional assets across Latin America's five big markets will encourage more global asset managers and financial service providers to establish and expand their operations in Brazil, Mexico, Chile, Colombia and Peru, says State Street, the US custody bank.
Booming commodity prices have boosted economic growth and capital inflows across these five economies. This has helped create large concentrated asset pools in central banks, sovereign wealth funds, pension funds and mutual funds.
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Source: FT.com
Claymore Announces Securityholder Approval of Proposed Acquisition of Claymore by Blackrock and Adjournment of Certain Meetings Regarding the Proposed Acqusition
February 24, 2012--Claymore Investments, Inc. ("Claymore"), the manager of various exchange-traded funds and closed-end funds (collectively, the "Claymore Funds"),
is pleased to announce that today, securityholders of the following Claymore Funds approved the proposed
acquisition of Claymore by BlackRock, Inc. (the "Acquisition"):
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Source: Claymore
Barclays taps State Street sector-specific ETFs for new US products
February 24, 2012--Barclays Bank has filed two structured products with the US Securities and Exchange Commission based on State Street industrial and technology exchange-traded funds
Barclays Bank is offering two 1.51-year products linked to sector-specific exchange-traded funds (ETFs).
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Source: Risk.net
CFTC.gov Commitments of Traders Reports Update
February 24, 2012--The current reports for the week of February 21, 2012 are now available.
view updates
Source: CFTC.gov
Maple Group and TMX Group Announce Extension of Offer To TMX Group Shareholders To March 30, 2012
February 24, 2012--Parties reaffirm commitment to Maple's proposed transaction
February 24, 2012 - Maple Group Acquisition Corporation ("Maple"), a corporation whose investors comprise 13 of Canada's leading financial institutions and pension funds, and TMX Group Inc. (TSX: X) today announced the extension of Maple's offer to acquire a minimum of 70% and a maximum of 80% of the shares of TMX Group to 5:00 p.m.
(Eastern Time) on March 30, 2012, unless further extended or withdrawn. The Maple offer is part of an integrated acquisition transaction, valued at approximately $3.8 billion, to acquire 100% of TMX Group shares. The TMX Group Board of Directors continues to unanimously recommend that shareholders accept and tender their shares under the Maple offer.
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Source: TMX Group (TSX-X)
ICI Exchange-Traded Fund Assets
February 24, 2012--The combined assets of the nation's exchange-traded funds (ETFs) were $1.134 trillion in January, according to ICI. The Institute's monthly statistical collection also includes the value of shares issued and redeemed by exchange-traded funds.
Statistics contained in the Institute’s monthly ETF report have been obtained from information provided to ICI by exchange-traded funds and commodity funds. Commodity funds are listed in the Domestic (Sector/Industry) category. A detailed breakdown of the monthly ETF data is available on our website at http://www.ici.org/info/etfdata.xls
view Assets of Exchange-Traded Funds by Type (XLS)
Source: ICI
AllianceBernstein files with the SEC
February 24, 2012--AllianceBernstein has filed a third amended and restated application for exemptive relief with the SEC for actively-managed ETFs.
view filing
Source: SEC.gov
Speculators and Commodity Prices-Redux
February 24, 2012--On March 16, 2011, I spoke to an industry group concerning the impact of speculative activity on commodity prices. Eleven months later, I'm still talking about it, and saying almost precisely the same thing.
Speculators are necessary liquidity providers to our markets, and while they perhaps are not driving prices to uneconomic levels, they certainly have an effect on prices—above and beyond where they might otherwise go—and American consumers and taxpayers are shouldering that burden.
President Obama spoke about rising gas prices yesterday. You can’t turn on the television or the radio without hearing about record high gas prices, and yet the CFTC has not yet been able to implement Congressionally-mandated position limits to put the brakes on excessive speculation in oil and other commodity markets. Meanwhile, trade associations representing Wall Street interests have sued us in federal court in order to impede our imposition of position limits.
So, I find myself repeating—and repeating—the same message: it’s high time to kick it in gear and use the one tool we have to appropriately address high oil and gas prices.
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Source: CFTC.gov
