Americas ETP News
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TMX Enters Support Agreement With Maple
October 30, 2011--TMX Group Board unanimously supports Maple proposal
Current offer price and structure preserved
$39 million reverse termination fee
Maple offer extended to January 31, 2012
Transaction remains subject to regulatory approvals
TMX Group and Maple to host media conference call at 10:00 am ET on Monday, October 31, 2011
TMX Group Inc. and Maple Group Acquisition Corporation (Maple), today announced that they have entered into a support agreement in respect of Maple’s proposed acquisition of all of the outstanding TMX Group shares pursuant to an integrated two-step transaction valued at approximately $3.8 billion.
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Source: TMX
First Trust files with the SEC
October 28, 2011--First Trust has filed a post-effective amendment No. 54, registration statemwnt with the SEC for the First Trust CBOE VIX Tail Hedge Index Fund.
view filing
Source: SEC.gov
U.S. Department of the Treasury Economic Statistics - Monitoring the Economy Update
October 28. 2011-The Economic Statistics - Monitoring the Economy for U.S. Department of the Treasury. This information has recently been updated, and is now available.
view US Economic Data - Monthly (Oct 25, 2011)
US Economic Data - Quarterly (Oct 27, 2011)
Source: US Department of Treasury
Wisdom Tree files with the SEC
October 28, 2011--Wisdom Tree has filed a post-effective amendment No.70, registration statement with the SEC for the WisdomTree Dreyfus Chinese Yuan Fund (CYB)
WisdomTree Australia & New Zealand Debt Fund (AUNZ)
(Formerly, WisdomTree Dreyfus New Zealand Dollar Fund (BNZ))
WisdomTree Euro Debt Fund (EU)
(Formerly, WisdomTree Dreyfus Euro Fund)
view filing
Source: SEC.gov
RevenueShares files with the SEC
October 28, 2011--RevenueShares has filed a post-effective amendment, registration statement with the SEC for the RevenueShares Large Cap Fund
RevenueShares Mid Cap
RevenueShares Small Cap Fund
RevenueShares Financials Sector Fund
RevenueShares ADR Fund
RevenueShares Navellier Overall A-100 Fund
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Source: SEC.gov
S&P Indices & TMX Group Launch S&P/TSX Composite Equal Weight Index for the Canadian Market
October 28, 2011--S&P Indices and TMX announced today the launch of an Equal Weight version of the S&P/TSX Composite Index providing Canadian investors with a new and innovative approach to tracking the performance of the principal broad-based index for the Canadian market.
"The S&P/TSX Composite Equal Weight Index is designed to meet clients' needs for benchmarking strategies that require a size-neutral index compatible with the S&P/TSX Composite Index. An equally weighted index provides investors with a tool that will enable size, style, and sector comparison," says Abigail Etches, Director at S&P Indices.
The S&P/TSX Composite Equal Weight Index is the headline index in the S&P/TSX Equal Weight Index Family. In 2009, S&P Indices introduced the S&P/TSX Equal Weight Indices, which are made up of a series of equal weighted headline and industry indices. The index calculations are determined according to the divisor-based methodology applied to the S&P/TSX Indices.
As a result of equal weighting, the S&P/TSX Composite Equal Weight Index tends to have a higher exposure to sectors with small companies than the S&P/TSX Composite Index. Relative performance of the two indices will also differ due to different sector exposure and risk and return profiles in different market cycles.
For more information about the S&P/TSX Composite Equal Weight Index, please visit:
www.standardandpoors.com/indices.
Source: S&P Indices
BM&FBOVESPA Begins Trading In Sustainability And Corporate Governance ETFs On Monday - The Two New ETFs Will Have Itaú As Manager
October 28, 2011--BM&FBOVESPA starts trading on Monday (October 31) in two new ETFs: the IT Now ISE Index Fund that tracks the BM&FBOVESPA Corporate Sustainability Index (ISE), and the IT Now IGCT Index Fund that tracks the BM&FBOVESPA Corporate Governance Trade Index (IGCT). They will have Itaú as their manager.
The IT Now ISE Index Fund tracks the Corporate Sustainability Index (ISE) and seeks to reflect the return on a portfolio composed of shares in companies with a recognized commitment to social responsibility and corporate sustainability.
The IT Now IGCT Index Fund tracks the BM&FBOVESPA Corporate Governance Trade Index (IGCT) and assesses the performance of shares in companies that voluntarily adopt differentiated corporate governance standards (listed at Level 1, Level 2 and the Novo Mercado) and which meet the inclusion criteria established in the index methodology.
Exchange traded funds (ETFs) are offered on the Brazilian Exchange in units. Generally speaking, round lots are made up of 10 units and require an initial minimum investment that ranges from BRL 200 to BRL 1,000 (depending on the ETF that the investor selects), plus brokerage and custody fees. An investor that buys a unit in an ETF is making a simultaneous investment in a share portfolio composed of firms in discrete sectors of the Brazilian economy, without having the buy the separate shares for each of the respective companies. In September, the eight ETFs that are traded on BM&FBOVESPA totaled 75,740 transactions and a financial volume of BRL 1.42 billion.
With the launch of the sustainability and corporate governance ETFs there are now 10 (ten) of these types of funds: three for broad indexes (BOVA11 which tracks the Ibovespa; BRAX11 which tracks the IBRx-100; and PIBB11 which tracks the IBrX-50); three for sector indexes (CSMO11 which tracks the consumer index; MOBI11 which tracks the real estate index; and FIND11 which tracks the financial index), as well as two market capitalization indexes (SMAL11 which tracks the performance of the index comprised of listed small caps; and MILA11 which tracks the performance of listed mid and large caps).
Itaú also won an exclusive one-year license to use the Dividend Index (IDIV) and the Basic Materials Index (IMAT), while BlackRock Brasil won an exclusive one-year license for the Public Utilities Index (UTIL).
Source: BM&FBOVESPA
Standard & Poor''s Announces Changes In The S&P/TSX Venture Indices
October 28, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Indices:
The Toronto Stock Exchange announced today in the Daily Bulletin that the shares of Ithaca Energy Inc. (TSXVN:IAE) will graduate to trade on TSX at the open of trading on Tuesday, November 1, 2011.
The ticker symbol will remain "IAE" and the CUSIP number will remain 465676 10 4. The company will be removed from the S&P/TSX Venture Composite Index after the close of trading on Monday, October 31, 2011.
Ithaca Energy is also a constituent of the S&P/TSX Venture Select Index. The company will be removed from this index effective after the close of Friday, November 4, 2011, at which time it will be listed on TSX. The company is also a constituent of the S&P/TSX Venture 30 Index. It will remain in this index, according to methodology, until the next index review after the end of January, 2012.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poor's
Direxion files with the SEC
October 28, 2011--Direxion has filed a post-effective amendment, registration statement with the SEC.
view filing
Source: SEC.gov
AdvisorShares files with the SEC
October 28, 2011-AdvisorShares has filed a post-effective amendment, registration statement with the SEC for the Active Bear ETF.
view filing
Source: SEC.gov
