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DB-Synthetic Equity & Index Strategy-North America-US ETF Model Portfolios-Diversified Momentum Portfolio Update
December 3, 2012--Diversified Momentum Update as of November 30th, 2012
Global Sectors Portfolio weighs on DMP performance
Market Performance
Despite the plunge that followed the US elections, the US equity market (SPY) was able to recover most of the lost ground in order to close the month of November with a 0.57% gain.
The broad US Fixed Income market (BND) was practically flat, and the Commodity market (DBC) rallied by almost 2.0% during the same period.
Model Portfolio Performance
Our Diversified Momentum Portfolio (DMP) was down by 0.79% in November. While the equity market and our multi asset class benchmark were up by 0.57% and 0.69%, respectively.
Portfolio Updates and New Membership
Most of the portfolios, with the exception of Commodities, experienced almost a complete membership reconstitution. In terms of portfolio weights, Global Sectors remain the top allocation with 40%, followed by Currencies, Commodities, and Treasuries with 30%, 20%, and 10%, respectively.
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Source: Deutsche Bank-Synthetic Equity & Index Strategy-North America
ISE Partners with PureFunds and Factor Advisors to Launch Three New ETFs
The Diamond/Gemstone, Mining Service, and Junior Silver ETFs Track ISE Indexes
December 3, 2012--The International Securities Exchange (ISE) today announced the launch of three new exchange traded funds (ETFs) in partnership with PureFunds: PureFunds(TM) ISE Diamond/Gemstone ETF (NYSEArca: GEMS); PureFunds(TM)ISE Mining Service ETF (NYSEArca: MSXX); and PureFunds(TM)ISE Junior Silver ETF (NYSEArca: SILJ).
All three ETFs track proprietary indexes developed by ISE. The ETFs began trading on November 28th.
“We are excited that PureFunds has selected ISE as the index provider for these new and innovative ETFs,” said Kris Monaco, Head of New Product Development at ISE. “With growth in global demand for hard assets, these sectors-specific ETFs provide investors with an actionable investment vehicle to participate in these important segments of the commodity market.”
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Source: International Securities Exchange (ISE)
New Mining ETFs from FactorShares-GEMS, MSXX, SILJ
December 1, 2012--FactorShares launched three new mining ETFs this past week
GEMS-PureFunds ISE Diamond-Gemstone ETF
MSXX-PureFunds ISE Mining Service ETF
SILJ-PureFunds ISE Junior Silver ETF
GEMS focuses on large-cap companies involved with the mining of gemstones, while SIJL focuses on small-cap companies involved in the mining of silver.
However, MSXX will focus on company stocks that are involved with the mining of any commodity. And all three funds will target companies across the globe.
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Source: etf.about.com
Direxion files with the SEC
November 30, 2012--Direxion has filed a post-effective amendment, registration statement with the SEC for the DIREXION DAILY DOW 30 BULL 2X SHARES/DIREXION DAILY DOW 30 BEAR 2X SHARES.
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Source: SEC.gov
Getco and Virtu Bid for Embattled Knight Capital
November 30, 2012--November 30, 2012--Getco proposes merger that would pay Knight shareholders $3.50/share for about half of outstanding shares
Virtu Financial privately submits all-cash offer to pay shareholders about $3/share, according to source
Knight confirms receipt of Getco offer but says it doesn't comment on interactions with shareholders
The fight for control of brokerage Knight Capital Group Inc. (KCG) heated up Wednesday, with a formal merger offer from one rival trading firm and a competing bid from another, according to people familiar with the negotiations.
High-frequency trading firm Getco LLC's parent firm, Getco Holding Co., in a public filing before the market opened, proposed a merger that would pay Knight shareholders $3.50 a share for roughly half of the shares outstanding upfront, with additional compensation in shares of the combined company.
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Source: NASDAQ
Advisors turn to ETFs for Risk Management
November 30, 2012--Financial advisors expect to see increased use of exchange-traded funds (ETFs) in client portfolios, while aversion to risk remains high, according to a recently released Invesco Ltd. market study of U.S. registered investment advisors (RIAs).
Invesco's Canadian subsidiary, Invesco Canada, offers 14 ETFs under the PowerShares Canada brand.
Advisors surveyed believe ETFs will make up 24 percent of portfolio allocations over the next 12 months and 33 percent over the next three years, representing a 10 percent increase over results reported in Invesco's survey of advisors in 2011.
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Source: Invesco Canada Ltd
CFTC.gov Commitments of Traders Reports Update
November 30, 2012--The current reports for the week of November 27, 2012 are now available.
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Source: CFTC.gov
AdvisorShares is Launching Four Gold ETFs With Minimal Dollar Exposure
November 30, 2012-- AdvisorShares, known for its line-up of actively-managed exchange-traded funds, is launching four new gold ETFs that will allow investors to play the yellow metal while at the time minimzing exposure to the U.S. dollar.
Gartman Gold/Yen ETF (GYEN): This actively-managed ETF will offer exposure to gold prices denominated in Japanese yen, offering a creative way to maintain exposure to gold without direct exposure to the dollar.
Gartman Gold/British Pound ETF (GGBP): This actively-managed ETF will offer exposure to gold prices denominated in British pounds.
Gartman Gold/Eu Euro ETF (GEUR): This actively-managed ETF will offer exposure to gold prices denominated in euros.
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Source: Barron's
U.S. House Democrat Barney Frank and Massachusetts Democrat Michael Capuano introduced a bill-would combine the SEC and CFTC
November 30, 2012--U.S. House Democrat Barney Frank and Massachusetts Democrat Michael Capuano introduced a bill that would combine the Securities and Exchange Commission and Commodity Futures Trading Commission.
Status: Referred to Committee
EPFR Global Fund Data News Release-US equity fund inflows best in more than a year
November 30, 2012--A burst of optimism about the likelihood of US lawmakers cobbling together some kind of budget deal before a raft of spending cuts and tax increases kick in, saw investor attention shift from the world's second largest economy, China, to the biggest.
During the fourth week of November EPFR Global-tracked US Equity Funds attracted over $10 billion in net inflows, their best showing in more than a year, as flows into China Equity Funds slipped to a seven week low.
This optimism also boosted appetite for riskier asset classes. Flows into Emerging Markets Equity Funds hit a 10 week high while both High Yield Bond and Alternative Funds snapped two week outflow streaks.
Overall, EPFR Global-tracked Equity Funds recorded inflows of $14.86 billion during the week ending Nov. 28 -- their second highest total year-to-date -- while Bond Funds took in a net $5.17 billion and Money Market Funds $5.87 billion.
Visit http://www.epfr.com/overview.aspx for more info
Source: EPFR
