Americas ETP News
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PowerShares files with the SEC
August 5, 2011--PowerShares has filed a post-effective amendment, registration statement with the for the
PowerShares Bank Portfolio
PowerShares Capital Markets Portfolio
PowerShares Insurance Portfolio
PowerShares Regional Banking Portfolio
view filing
Source: SEC.gov
iShares files with the SEC
August 5, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the
iShares MSCI Emerging Markets Small Cap Index Fund.
view filing
Source: SEC.gov
Arrow Investment Advisers files with the SEC
July 5, 2011--Arrow Investment Advisers, LLC has filed an
amended application for exemptive relief.
view filing
Source: SEC.gov
S&P cuts US debt rating to double A plus
August 5, 2011--The United States lost its top-notch AAA credit rating from Standard & Poor's on Friday, in a dramatic reversal of fortune for the world's largest economy.
S&P cut the long-term U.S. credit rating by one notch to AA-plus on concerns about growing budget deficits.
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Source: Reuters
Investors pull $75.5bln from US mutual funds, ETFs
August 5, 2011--Investors pulled $75.5 billion from U.S. mutual funds and exchange-traded funds for the week ending August 3, according to a report Friday from Matt Lemieux, a research analyst for Lipper.
The decline came amid spill over from last week's debt ceiling negotiations and the downturn in global equities markets. Equity funds, including ETFs, posted outflows of about $7.5 billion - the largest weekly outflow since mid-August 2010, according to the report. Municipal debt funds saw around $860 million in outflows, offering "proof that there was little confidence in any asset class," Lemieux said.
Source: Dow Jones Newswire
Opening Statement, Inaugural Meeting of the Data Standardization Subcommittee
Commissioner Scott O’Malia, TAC Chair
August 5, 2011--Good Afternoon. I would like to welcome everyone to the inaugural meeting of the Data Standardization Subcommittee of the CFTC’s Technology Advisory Committee.
Thank you for your commitment to serving on this important subcommittee. I often say that technology is going to be the cornerstone of the new market structures mandated by the Dodd-Frank Act.
The data, execution, and reporting mandates of Dodd-Frank place us all in the center of the complex intersection of data, finance and the law, creating an unparalleled opportunity for a public/private partnership. I have asked the individuals in this room to come together with a common goal of reaching a consensus as to how we can standardize the language we use to communicate within the new regulatory landscape. I am confident that we will come up with both innovative and achievable solutions.
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Source: CFTC.gov
Can’t Get it Outta My Head”-Statement Before the CFTC Open Meeting on Dodd-Frank Rulemaking
Commissioner Bart Chilton
August 4, 2011--I’m pleased to support all three of these final rulemakings today. Perhaps the most talked about of the three is the whistleblower rule. This new provision will be an important tool in the Commissions’ enforcement arsenal.
It can give needed incentives for folks—precisely the people we want to hear from, those who have an eye “from the inside” on essential information about nefarious schemes—to come forward, with needed protections.
Frankly, this rule wasn’t too hot when we first proposed it. For example, there it didn’t provide for any kind of notification to the whistleblower if the agency actually used the information and successfully prosecuted—we fixed that. The proposal also had a very broad definition of excluded information—we fixed that. It would have incentivized internal reporting, rather than reporting to federal authorities—we fixed that. In short, the public comments we received surely gave us a lot of guidance on this one and I’m happy the process worked.
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Source: CFTC.gov
Opening Statement, Third Open Meeting to Consider Final Rules Pursuant to the Dodd-Frank Act
Commissioner Jill E. Sommers
August 4, 2011--Good Morning. Thank you Mr. Chairman and thank you to the three teams that have final rules before us today.
I want to again acknowledge the excellent staff work that has gone into getting these final documents ready for Commission consideration and let all the team members know how much we appreciate your commitment to the enormous challenge the Commission has in implementing Dodd-Frank.
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Source: CFTC.gov
EGShares Announces Successful Launch of Emerging Markets High Income/Low Beta (Ticker: HILO) Equity ETF on NYSE Arca
Portfolio Designed to be Less Volatile and Provide Higher Dividend Yield Than the MSCI Emerging Market Index
August 4, 2011-- Emerging Global Advisors, an asset management company focused exclusively on emerging markets and the sub-advisor to the EGShares family of exchange-traded funds (ETFs), announced today the successful launch of HILO, an emerging markets fund designed to be significantly less volatile than funds based on the broad-based MSCI Emerging Markets Index1. The ETF trades on NYSE Arca under the ticker symbol HILO.
HILO is designed to replicate the INDXX Emerging Market High Income Low Beta Index, which has a yield of 4.99 percent2. The 30-stock index was created from a universe of more than 2,500 companies from 21 countries that are screened for market capitalization, average daily trading value, dividend yield, consistency of dividend payments, and both beta and correlation to local benchmarks3. HILO is passively managed and doesn’t use options, swaps, or other derivatives in its portfolio. The underlying INDXX is rebalanced annually in September.
“Investors are increasingly using emerging markets to execute portfolio strategies that they also use in developed countries,” said Robert C. Holderith, EGA’s founder and president. “HILO seeks to enable dividend stock buyers who want less volatility than the broad emerging markets indices to get exposure that is more likely to fit their objectives.”
HILO has 11 country exposures. Approximately 32 percent are in diversified telecommunication services and wireless telecommunications services. The remaining companies operate in a wide spectrum of sectors, ranging from oil, gas, and consumable fuels to communications equipment and food products.
For more information on HILO, please visit www.egshares.com/hilo.
Source: Emerging Global Advisors
Rydex Launches Two New S&P Equal Weight ETF
A Leading ETF Provider Expands ETF Lineup With Indices That Provide Equal Weight Mid-Cap and Small-Cap Exposure
Rydex, a leading provider of ETF and alternative investments, today announced the launch of two new equal weight (EW) ETFs, Rydex S&P SmallCap 600® Equal Weight ETF and Rydex S&P MidCap 400® Equal Weight ETF.
The addition of the two new ETFs brings Rydex's total number of EW ETFs to 18 and total number of exchange traded products to 36, with assets over $9 billion. The ETF line-up at Rydex, with the exception of CurrencyShares®, is known in the marketplace as RydexShares®. Rydex is the leader in equal weight ETFs -- offering the widest choice of equal weight products and the most equal weight ETFs in the industry.
Rydex S&P Midcap 400® Equal Weight ETF (EWMD) and Rydex S&P SmallCap 600 Equal Weight ETF (EWSM) offer broad exposure to the companies in the S&P MidCap 400 Equal Weight Index (EWI) and the S&P SmallCap 600® (EWI), respectively. Both EW ETFs invest in the same stocks as their cap weight versions, have equal exposure to each stock and are rebalanced quarterly.
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Source: SOURCE: Rydex|SGI
