Americas ETP News
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Advisor Shares files with the SEC
February 15, 2012--AdvisorShares has filed a post-effective amendment No. 45, registration statement with the SEC for the AdvisorShares Global Alpha & Beta ETF.
view filing
Source: SEC.gov
State Street plans OTC derivatives platform
February 15, 2012--State Street, the investment management and custody company, plans to challenge Wall Street banks involved with derivatives trading with the launch of an electronic trading platform for over-the-counter swaps.
The move is a sign that the market for OTC derivatives is set to be contested by “buyside” institutions not hitherto associated with such markets.
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Source: FT.com
Banks and brokers rush to lobby CFTC on SEF trading model
Trading Banks and brokers rush to lobby CFTC on SEF trading model
Regulator hit with letter campaign
February 15, 2012--Banks, trading firms and brokers have fired off a torrent of correspondence at the Commodity Futures Trading Commission in a last minute bid to influence which derivatives should be traded on swap execution facilities and electronic markets.
With the comment period for the proposed rule ending this week, organisations including JP Morgan, Isda and the Wholesale Markets Brokers Association have launched scathing attacks on the CFTC's proposed "made available trade" rules, which set out the conditions for mandatory trading of swaps on SEFs.
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Source: Credit flux
XTF Capital Corp. Launches Two More ETFs
February 15, 2012--XTF Capital Corp.,a First Asset company, is pleased to announce that two more of its new exchange traded funds have closed their offerings of Common Units and Advisor Units. The funds will commence trading on the Toronto Stock Exchange ("TSX") when the market opens this morning under the following ticker symbols:
Fund:XTF Morningstar Canada Value Index ETF
Common Units: FXM
Advisor Units:FXM.A
Fund Common Units Advisor Units XTF Morningstar Canada Value Index ETF FXM FXM.A
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Source: First Asset and XTF Capital
Horizons Launches Two New Corporate Bond ETFs
February 15, 2012--Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. (the "AlphaPro") are pleased to announce the launch of two new innovative corporate debt based ETFs, the Horizons High Yield Bond ETF ("Horizons HYI") and the Horizons U.S. Floating Rate Bond ETF ("Horizons HUF.U") (collectively, the "ETFs").
The ETFs' portfolios will be actively-managed by Natcan Investment Management Inc ("Natcan").
Both ETFs will begin trading on the Toronto Stock Exchange ("TSX") under the below ticker symbols with both a Class E unit and an Advisor Class unit.
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Source: Horizons Exchange Traded Funds Inc.
SEC Filing-Select Sector SPDR Trust
February 15, 2012-Select Sector SPDR Trust has filed a post-effective amendment No. 20, registration statement with the SEC.
view filing
Source: SEC.gov
Horizons ETFs Mourns Loss of Robert Reid
February 15, 2012--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is deeply saddened by the news that Robert Reid , one of the company's founding shareholders and original board directors, has passed away.
Mr. Reid was the President of DGM Bank and Trust Inc. of Barbados , and, through that role, was one of the founding shareholders in Horizons ETFs, under its prior name BetaPro Management Inc. Prior to his role with DGM Bank, Mr. Reid was well known on Bay Street as a former director and Vice-President at Wood Gundy.
Mr. Reid sat on the board of directors of Horizons ETFs until 2008. In this role, he helped guide the growth of Horizons ETFs from its early start-up days to becoming one of Canada's largest ETF providers.
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Source: Horizons ETFs Management (Canada)
First Trust Adds New Broad Market and Country Funds to Its Lineup of AlphaDEX Index ETFs
February 15, 2012--)--First Trust Advisors L.P., a leading provider of investment products and services that help financial advisors meet the financial needs and objectives of their clients, today announced the addition of nine new international-focused funds to the AlphaDEX family of exchange-traded funds (ETFs).
These additions are comprised of two broad market and seven country-specific funds listed below. The country-specific funds are launching today, while the other two will launch tomorrow.
The AlphaDEX ETFs are designed to track the performance of a group of custom “enhanced” indexes which employ a proprietary, rules-based, fundamental stock selection methodology. The AlphaDEX family of funds consists of a diverse range of sector, style, multi-cap and international funds.
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Source: First Trust
Market Vectors ETFs Launches First Unconventional Oil & Gas ETF (FRAK)
Market Vectors Unconventional Oil & Gas ETF (FRAK) seeks to tap vast potential of fast-growing energy sub-sector
February 15, 2012--Market Vectors ETFs announced today the launch of Market Vectors Unconventional Oil & Gas ETF (NYSE Arca: FRAK), the first U.S.-listed exchange-traded fund (ETF) designed to provide investors with pure
play exposure to this fast-growing segment of the energy sector,
which can include efforts in coal bed methane, coal seam gas, shale oil, shale gas, tight natural gas, tight oil and tight sands.
FRAK comes to the market as rising global consumption and the quest for energy independence is driving many nations to seek additional supply sources for oil and natural gas. Unconventional technologies—which include hydraulic fracturing, lateral or deep sea drilling, high pressure gas injection, and advanced 3D imaging—may have potential to transform the global energy landscape by dramatically increasing supply and altering import needs. During the past several years, new extraction techniques applied to traditional resources have led to significant, “game changing” increases in North America’s natural gas supply capacity. More recently, these same techniques have been utilized by oil companies striving to produce similar results. Companies located outside North America, in countries such as China, Australia and Argentina, have also begun exploring the potential of unconventional energy. Technological advancements and cost efficiencies have attracted interest from major global energy companies that are eager to participate, as evidenced by rapidly increasing M&A activity.
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Source: Van Eck
US banks push ETF exemption under Volcker
February 14, 2012--US banks are pushing for their activities around exchange-traded funds to be exempt under the so-called Volcker rule, highlighting the importance of the funds as a tool for the big financial institutions that create and sell them.
Banks often act as “authorised participants” for exchange-traded funds, setting up and managing shares in the more than $1tn worth of ETFs in existence in the US. But those activities could fall foul of the proposed Volcker rule, which aims to ban speculative trading at US banks.
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Source: FT.com
