Americas ETP News
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Guggenheim Partners Is Said to Hire Bankers for Sale of Claymore ETF Unit
November 17, 2011--Guggenheim Partners LLC is seeking buyers for Claymore Investments, the Canadian provider of exchange-traded funds it acquired two years ago, said people with knowledge of the matter.
Guggenheim hired JPMorgan Chase & Co. and Royal Bank of Canada to find buyers, said the people, who spoke on condition of anonymity because the effort is private. The unit, which had $6.8 billion of assets under management as of Oct. 31, may fetch several hundred million dollars in a sale, the people said.
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Source: Bloomberg
iShares Launches International Preferred Stock ETF (IPFF)
November 17, 2011--iShares, the issuer behind the most popular product in the Preferred Stock ETFdb Category, debuted an international counterpart to PFF this week. The recently-launched S&P International Preferred Stock ETF (IPFF) will be linked to an index consisting of preferred stock from ex-U.S. developed market issuers, with a hefty allocation to Canadian banks.
IPFF becomes the sixth U.S.-listed ETF to tap into this asset class, and just the second to offer access to preferred securities offered in developed markets outside the U.S.
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Source: Yahoo Finance
iShares files with the SEC
November 16, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI Global Silver Miners Fund.
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Source: SEC.gov
Opening Remarks of Chairman William A. Reinsch
November 16, 2011--Good morning and thank you for joining us today. My name is Bill Reinsch. I am the chairman of the U.S. China Economic and Security Review Commission. I am joined by Dan Slane, the vice chairman.
This year marks a milestone in the relations between the United States and the People’s Republic of China. It has been ten years since China officially joined the World Trade Organization. By doing so, China agreed in December 2001 to a schedule of trade liberalization.
In return, the United States agreed to provide Most Favored Nation status to China, just as it does for all members of the WTO.
China committed itself to undergo 10 years of annual progress reports from the World Trade Organization and to respond to questions from member states. That requirement ends this year. This transition period was based on the expectation that China would implement its WTO commitments, but the U.S. and other member states wanted a process that would permit Chinese progress to be examined closely and which would provide an opportunity for dialogue if commitments were not being honored.
view the U.S.-China Economic and Security Review Commission 2011 Annual Report
Source: USCC.gov
AdvisorShares files with the SEC
November 16, 2011--AdvisorShares has filed a post-effective amendment No. 41 , registration statement with the SEC. This filing relates solely to the Dent Tactical ETF, WCM/BNY Mellon Focused Growth ADR ETF, Mars Hill Global Relative Value ETF, Peritus High Yield ETF, Cambria Global Tactical ETF, and Active Bear ETF.
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Source: SEC.gov
AdvisorShares files with the SEC
November 16, 2011--AdvisorShares has filed a post-effective amendment No. 40, registration statement with the SEC for the STAR Global Buy-Write ETF.
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Source: SEC.gov
RevenueShares files with the SEC
November 16, 2011--RevenueShares has filed a post-effective amendment, registration statement with the SEC.
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Source: SEC.gov
BNY Mellon Clearing, LLC Selects Jefferies Bache to Partner on Clearing Initiatives
November 16, 2011--Jefferies Group, Inc. today announced that Jefferies Bache was selected by BNY Mellon Clearing, LLC to provide clearing services and support for its futures commission merchant offering
Patrice Blanc, Chairman and Chief Executive Officer of Jefferies Bache, said, "We are excited about this new partnership with BNY Mellon Clearing, LLC as it enables us to leverage our commodity expertise, global reach and innovative IT solutions to provide comprehensive clearing services."
Sanjay Kannambadi, Chief Executive Officer of BNY Mellon Clearing, said, “As we work to meet our clients’ needs in a market migrating to a centralized clearing environment, we are pleased to join forces with Jefferies Bache as one of the leading providers in the space.”
Source: Jefferies Group, Inc
Treasury International Capital Data For September 2011
November 16, 2011--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for September 2011. The next release, which will report on data for October 2011, is scheduled for December 15, 2011.
Foreign residents increased their holdings of long-term U.S. securities in September — net purchases were $65.8 billion.
Net purchases by private foreign investors were $28.5 billion, and net purchases by foreign official institutions were $37.3 billion.
At the same time, U.S. residents decreased their holdings of long-term foreign securities, with net sales of $2.7 billion.
Taking into account transactions in both foreign and U.S. securities, the net foreign purchases of long-term securities were $68.6 billion. After adjustments, such as estimates of unrecorded principal payments to foreigners on U.S. asset-backed securities are included, the overall net foreign acquisition of long-term securities is estimated to have been $57.6 billion in September.
Foreigners increased their holdings of U.S. Treasury bills by $3.3 billion.Foreign holdings of all dollar-denominated short-term U.S. securities and other custody liabilities decreased by $4.8 billion.
Banks’ own net dollar-denominated liabilities to foreign residents increased by $4.6 billion.
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Source: US Department of the Treasury
Indxis and GAIA Capital Launch Global Farming Index
October 16, 2011--A new Farming Index, which will focus largely on Emerging Markets and global farming, has been launched by Indxis, an independent provider of bespoke indices, and GAIA Capital Advisors, a Geneva based fund manager and investment advisor specialising in global natural and agricultural investing.
Investors seeking to diversify investments by adding the agriculture sector to their portfolios should be interested in the attractive fundamentals and prospective returns available in this space.
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Source: Hedge Week
