Americas ETP News
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Deutsche Asset & Wealth Management: db X-trackers Harvest CSI 300 China A-Shares Fund Trades More Than 1 Million Shares
November 19, 2013--Deutsche Asset & Wealth Management (DeAWM) announced that the db X-trackers Harvest CSI 300 China A-Shares Fund (NYSE Arca: ASHR) (the "ETF") traded more than 1 million shares yesterday for the first time since the ETF launched on November 6, 2013.
"The recent rise in ASHR's trading volume continues to demonstrate the strong investor demand for this game-changing ETF," said Martin Kremenstein, head of Passive Asset Management for Deutsche Asset & Wealth Management Americas. "As reforms that favor foreign investment continue to be announced in China, we expect to see increased daily trading volume in ASHR, given its status as the first ETF to offer direct equity access to China A-shares."
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Source: Deutsche Asset & Wealth Management
NASDAQ to Begin Listing VelocityShares ETNs on Monday, December 2, 2013
November 19, 2013--On Monday, December 2, 2013, NASDAQ will list 12 new VelocityShares ETNs.
The ETNs will list on The NASDAQ Global Market.
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Source: NASDAQ OMX
Barclays Bank PLC Seeks Consent To Amend Select iPath(R) Commodities ETNs
November 19, 2013--Barclays Bank PLC ("Barclays") announced today that it has commenced a consent solicitation (the "Consent Solicitation") for select issues of iPath(R) Commodities Exchange-Traded Notes with the ticker symbols listed below (each, an "issue" and collectively, the "ETNs").
Subject to the terms and conditions set forth in the Consent Solicitation Statement, dated November 19, 2013 (the "Consent Solicitation Statement"), and the accompanying Voter Instruction Form (the "VIF"), Barclays is soliciting consents (the "Consents") to the proposed amendments described below (collectively, the "Proposed Amendment") separately for each issue of ETNs bearing the ticker symbols set out in the list below.
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Source: Business Wire
ISE Gemini (TM) Trades 20 Millionth Options Contract
November 19, 2013--The International Securities Exchange (ISE) today announced that ISE Gemini(TM) traded its 20 millionth contract, continuing the exchange's consistent growth in volume and industry market share since launching on August 5, 2013. ISE Gemini has averaged 2.8 percent equity options market share during the month of November, with average daily volume nearing half a million contracts.
"ISE Gemini's unique customer priority, pro-rata market structure, innovative technology, and competitive fee model have played key roles in this notable milestone," said Boris Ilyevsky, Managing Director of ISE's options exchanges. "We are very pleased with how well received ISE Gemini has been by our customers, and we look forward to the continued development and growth of our second exchange."
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Source: ISE (International Securities Exchange)
Maria Bartiromo leaving CNBC for Fox Business: source
November 19, 203--Business television presenter Maria Bartiromo is leaving broadcaster CNBC after 20 years to take a job at rival Fox Business Network, according to a source familiar with the matter.
CNBC President and Chief Executive Mark Hoffman announced Bartiromo's departure in a memo to employees on Monday and said she will leave the company when her contract expires on November 24.
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Source: Reutres
Northern Trust Focused Portfolios Added to FDx Advisors UMA Program
November 18, 2013--Northern Trust announced today that Northern Focused Portfolios (NFP) model portfolios have been added to FDx Advisors Unified Overlay Management Program platform.
The NFP portfolios are a series of active, passive and blended models created through tactically-weighted asset allocation of proprietary and non-proprietary mutual funds and ETFs which seek to emphasize consistent and competitive performance while managing volatility and risk.
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Source: Northern Trust Corporation
Bitcoin leaps ahead of Senate boost
November 18, 2013--A US Senate hearing on the "risks, threats and promises" of virtual currencies sparked a new leg up in the price of Bitcoin, the experimental currency which has risen by more than 5,000 per cent in value this year
An intervention by Ben Bernanke, chairman of the Federal Reserve, enabled Bitcoin's enthusiasts to put the spotlight where they believe its potential value lies: as a cheaper alternative to the current system for transferring money around the world.
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Source: FT.com
US stocks set new intraday highs
November 18, 2013--The US stock market hit new intraday heights on Monday, with the benchmark S&P 500 index surpassing the 1,800 level as investors bet that the era of easy monetary policy would last a few months longer.
The milestone came as the technology heavy Nasdaq Composite approached 4,000, a level it last touched during the dotcom bubble 13 years ago, and the Dow Jones Industrial Average reached 16,000.
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Source: FT.com
U.S. Department of the Treasury Economic Statistics-Monitoring the Economy Update
November 18, 2013--The U.S. Department of the Treasury Economic Statistics-Monitoring the Economy report has been updated.
view the US Economic Data-Monthly update
Source: US Department of the Treasury
DB-Synthetic Equity & Index Strategy-North America-US ETF Market Weekly Review-Global equity markets push US ETP assets higher by 1.3%
November 18, 2013--Data in this report is as of Fri, Nov 15
Market and Net Cash Flows Review
Markets moved higher during last week. The US (S&P 500) edged higher by 1.56%; while, outside the US, the MSCI EAFE (in USD) and the MSCI EM (USD) rose by 1.67% and 1.02%, respectively. In the meantime, performance was positive across US sectors. The Consumer Discretionary (+2.54%) and Healthcare (+2.11%) sectors recorded the biggest gains. The DB Liquid Commodity Index rose by 0.55%; meanwhile, the Agriculture sector (DB Diversified Agriculture Index), the WTI Crude Oil and Silver prices fell by 0.43%, 0.80% and 3.29%, respectively; while Gold prices rose by 0.12%.Moving into other asset classes, the 10Y US Treasury Yield dropped 6bps ending at 2.71%.
Last but not least, Volatility (VIX) dropped by 5.50% during the same period.
The total US ETP flows from all products registered $1.3bn (+0.1% of AUM) of inflows during last week vs. flat flows the previous week, setting the YTD weekly flows average at +$3.3bn (+$151.3bn YTD in total cash flows).
Equity, Fixed Income and Commodity ETPs experienced flows of +$1.9bn (+0.1%), -$0.4bn (-0.2%) and -$0.2bn (-0.3%) last week vs. -$0.5bn (-0.0%), +$0.2bn (+0.1%) and +$0.2bn (+0.3%) in the previous week, respectively.
Among US sectors, Energy (+$0.6bn, +2.1%) and Healthcare (+$0.4bn, +1.9%) received the top inflows, while Consumer Staples (-$0.2bn, -1.5%) and Utilities (-$0.1bn, -1.8%) experienced the largest outflows.
Top 3 ETPs & ETNs by inflows: SPY (+$1.4bn), XLI (+$0.4bn), XLF (+$0.3bn)
Top 3 ETPs & ETNs by outflows: EEM (-$1.4bn), VWO (-$1.3bn), LQD (-$0.4bn)
New Launch Calendar: Income and Portugal
There were one new ETF and one new ETN listed during the previous week. UBS launched a new multi-asset ETN (DVHL) offering leveraged (2x) exposure to a diversified basket of securities with a focus on income; meanwhile, Global X listed what is now the only ETF offering exposure to Portuguese equities.
Turnover Review: Floor activity decreased by 15%
Total weekly turnover decreased by 14.7% to $253.6bn vs. $297.2bn from the previous week. Furthermore, last week's turnover level was 6.0% below last year's weekly average. Commodity ETPs turnover increased by $0.1bn (+1.6%); while Equity and Fixed Income ETPs turnover decreased by $41.3bn (-15.3%) and $2.0bn (-10.9%), respectively.
Assets under Management (AUM) Review: assets increased by $21bn
US ETP assets rose by $21.1bn (+1.3%) totaling $1.629 trillion at the end of the week. As of last Friday, US ETPs had accumulated an asset growth of +22.2% YTD. Assets for Equity, Fixed Income and Commodity ETPs moved +$21.4bn, +$0.1bn and -$0.5bn during last week, respectively.
Visit (external) https://eqindex.db.com/index for more
Source: Deutsche Bank-Synthetic Equity & Index Strategy-North America
