Americas ETP News
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Crime and Violence: A Staggering Toll on Central American Development
April 7, 2011 – Growing crime and violence in Central America not only have an immediate human and social toll, they also pose a tremendous threat to development potential in the region. Today, it is estimated that these sources of instability may decrease regional Gross Domestic Product (GDP) by 8 percent, once health, institutional, private security, and material expenses are accounted for.
According to “Crime and Violence in Central America: A Development Challenge,” a World Bank report released today at the Woodrow Wilson Center, a 10 percent reduction in homicide rates could boost annual economic growth per capita by as much as one full percentage point of GDP, in those Central American countries with the most homicides.
As it stands now, however, much of the region is headed in the opposite direction. Conditions in some areas of El Salvador, Guatemala and Honduras are so extreme -- with nearly 1 homicides per 1000 inhabitants – they have undermined the prospects of peace and stability that emerged following the resolution of the region‘s civil wars. Meanwhile in Costa Rica, Nicaragua, and Panama, crime and violence levels are significantly lower, but their steady rise in recent years emerges as a serious concern.
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Source: World Bank
ETF Securities Cross-Lists Four Physically-Backed Exchange Traded Products (ETPs) in Mexico
April 6, 2011--)--ETF Securities (ETFS) announced it has cross-listed four of its popular physically-backed precious metal products on the Mexican Stock Exchange, the Bolsa Mexicana de Valores (BMV).
ETFS Physical Platinum Shares (Ticker: PPLT)
ETFS Physical Palladium Shares (Ticker: PALL)
ETFS Physical Precious Metal Basket Shares (Ticker: GLTR)
ETFS Physical White Metal Basket Shares (Ticker: WITE)
The four “first to market products,” all with an expense ratio of 0.60% (1), gained momentum since launch on the NYSE Arca gathering almost $2.0B in less than two years. The cross listing to the Mexican Stock Exchange, BMV is part of a global expansion initiative for ETFS and the four cross-listed products will be the first of their kind available to Mexican investors.
These new listings of commodity-related ETPs are complementary to the approximately 600 international securities and exchange traded funds (ETFs) already cross-listed and may enhance the overall offering on the international segment of the Mexican Exchange.
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Source: ETFS Securities
NAFTRAC is largest ETF in Latin America
April 6, 2011--iShares NAFTRAC, the first exchange traded fund to launch in Latin America, is now the largest ETF in the region with USD6.0bn in assets under management (AUM), at end February 2011.
Launched in in 2002 and designed to track the Mexican IPC Index, iShares acquired the ETF from Nacional Financiera on 14 May 2009, and it has since been renamed iShares NAFTRAC.
At the end of February 2011, there were 422 ETF/ETP listings in Latin America, of which 26 are locally domiciled ETFs/ETPs with assets of USD10.2bn from four providers on two exchanges (BM&F Bovespa, Mexican Stock Exchange), while 396 are cross listings from fifteen providers on two exchanges (Mexican Stock Exchange, Bolsa Comercio Santiago). At the end of February 2011, there were 363 ETFs/ETPs listed in Mexico, 52 ETFs/ETPs listed in Chile, 313 ETFs registered for sale in Chile and 296 ETFs/ETPs registered for sale in Peru.
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Source: Wealth Advisor
Millington Securities, Inc. files with the SEC
April 6, 2011--Millington Securities, Inc. has filed an application for exemptive relief with the SEC.
view filing
Source: SEC.gov
Millington Securities, Inc. files with the SEC Direxion files with the SEC Dow Jones Indexes, Credit Suisse Announce Launch of Dow Jones Credit Suisse Core Hedge Fund Index The Dow Jones Credit Suisse Core Hedge Fund Index is the first and only hedge fund index designed to reflect the performance of managed accounts and other regulated fund structures sourced from multiple best-in-class managed account platforms, creating an unparalleled view
of the liquid, investable hedge fund universe. This truly innovative approach represents a significant advantage over other indexes which are limited to the funds available on single managed account platforms and is designed to reflect the broadest representation of the liquid hedge fund universe with limited platform bias.
read more Morgan Stanley ETF Fund Flows Vanguard had net cash inflows of $10.5 billion in
1Q 2011, the largest of any provider. BlackRock had the second highest net cash inflows at $5.0 billion.
As of 4/2/11, BlackRock, State Street Global Advisors and Vanguard accounted for 79% of ETF assets. World Gold Trust Services had the largest net cash
outflows of $3.0 billion in the first quarter. There were 63 new ETFs launched in the US during
1Q 2011. Of the 63 ETFs launched, 23 provide exposure to US equities. As of March 31, 2011, there were 34 issuers with 1,030 ETFs listed in the US.
Almost $11 billion in the total market cap of ETFs is from ETFs issued over the past year. The most (successful of these (by total market cap) track US
equity and MLPs. Recent commodity and commodityrelated ETF launches have also gained traction. Active ETFs come out of hibernation read more Van Eck Global launches Market Vectors Germany Small-Cap ETF read more
April 6, 2011-Millington Securities, Inc. has filed an application for exemptive relief with the SEC.
view filing
Source: SEC.gov
April 6, 2011-Direxion has filed a post-efective amendment, registration statement with the SEC.
view filing
Source: SEC.gov
April 6, 2011--Dow Jones Indexes and Credit Suisse today announced the launch of the Dow Jones Credit Suisse Core Hedge Fund Index, the newest addition to their marketleading hedge fund index family.
The Dow Jones Credit Suisse Core Hedge Fund Index is the first index of its kind to utilize multiple managed account platforms to track the liquid, investable hedge fund universe. Following the market events of 2008, increased attention has been focused on liquid hedge fund structures, including managed accounts, which tend to offer superior liquidity and transparency. The enhanced risk management capabilities of these flexible investment vehicles has led to a resurgence of interest in the space, and the launch of the Dow Jones Credit Suisse Core Hedge Fund Index marks a revolutionary step toward measuring the performance of this rapidly growing industry segment.
Source: Dow Jones Indexes
Preliminary 1Q 2011 ETF
Net Cash Flows Estimates
April 6, 2011--Net inflows into US-listed ETFs were $25.9 billion during the first quarter of 2011. The $25.9 billion in
net cash inflows is in-line with the average quarterly rate of $26.0 billion over the past seven years. Total
US-listed ETF assets are now over $1 trillion, which represents an increase of roughly 7% year to date.
The largest net cash inflows went into ETFs tracking international developed equity market indices. This asset class had net cash inflows of $9.3
billion in 1Q 2011. US sector and industry equity ETFs had the next highest net cash inflows at $7.8 billion. Emerging markets ETFs had the highest net cash outflows this past quarter at $7.1 billion.
Source: Morgan Stanley
April 5, 2011--The momentum behind actively managed exchange traded funds keeps building in the US, as Eaton Vance gains regulatory clearance and ETF pioneer State Street Global Advisors enters the queue.
In an order issued last week, the Securities and Exchange Commission granted Eaton Vance’s year-old request to launch a suite of five fixed-income active ETFs and potentially others, including active equity funds. Indeed, since Eaton Vance’s initial filing with the SEC, it has acquired Managed ETFs, which holds multiple patents for non-transparent trading of actively managed funds.
Source: FT.com
First U.S.-based ETF to offer access to German small-cap sector
April 5, 2011--New York-based asset manager Van Eck Global has launched Market Vectors Germany Small-Cap ETF (NYSE Arca: GERJ), the first exchange-traded fund (ETF) designed to give investors pure-play exposure to Europe’s largest economy.
The German economy is the fourth largest in the world as measured by gross domestic product (GDP). The country has bounced back quickly from the worldwide recession, expanding at an annual rate of 3.6 percent in 2010, with unemployment declining to its lowest rate since 1992. A substantial portion of the country’s economy is made up of small companies that have a history of dominating highly specialized industry sectors such as machine tools, auto parts, printing presses, and electrical equipment. Many of these companies are significant exporters, allowing Germany to maintain its share of world trade over the past decade. The rapidly growing countries of Asia comprise Germany’s second-largest export market.
Source: Van Eck
