Americas ETP News
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New report from ETF Global Insight- Vanguard gathered largest net Inflows, SSgA largest outflows
According to the preliminary findings of ETF Global Insight, the new company of Debbie Fuhr, the ETFs/ETPs listed in the United States enjoyed in February 2012 inflows of about US$ 9.3 bn. Vanguard gathered the most fresh money, SSgA expericenced the largest outflows
March 2, 2012--Highlights:
At the end of February 2012, the US ETF industry had 1,140 ETFs, with 1,140 listings, assets of US$1,058.3 Bn, from 30 providers on 3 exchanges.
61 new ETFs were listed YTD to February 2012.
In February 2012, ETFs saw net inflows of US$9.3 Bn.
Vanguard gathered the largest net inflows with US$5.6 Bn, followed by iShares with US$2.7 Bn and PowerShares with US$1.3 Bn net inflows.
SSgA experienced the largest net outflows with US$1.5 Bn.
S&P has the largest amount of ETF assets tracking its benchmarks, with US$301.1 Bn, followed by MSCI with US$285.5 Bn, and Barclays Capital with US$141.7 Bn.
Including other Exchange Traded Products (ETPs), at the end of February 2012, the US ETF industry had 1,430 ETFs, with 1,430 listings, assets of US$1,202.5 Bn, from 48 providers on 3 exchanges.
69 new ETFs/ETPs were listed YTD to February 2012.
In February 2012, ETFs/ETPs saw net inflows of US$13.8 Bn.
Vanguard gathered the largest net inflows with 5.6 Bn, followed by iShares with US$3.1 Bn and PowerShares with US$1.3 Bn net inflows.
PIMCO experienced the largest net outflows with US$0.4 Bn.
S&P has the largest amount of ETF/ETP assets tracking its benchmarks, with US$307.7 Bn, followed by MSCI with US$286.1 Bn, and Barclays Capital with US$142.0 Bn.
To request more information and reserach services please contact ETF Global Insight.
Source: ETF Global Insight
ProShares files with the SEC
March 2, 2012--ProShares has filed a post-effective amendment, registration statement with the SEC. This post-effective amendment relates only to ProShares UltraPro Financials, ProShares UltraPro Oil & Gas, ProShares UltraPro Short Financials, and ProShares UltraPro Short Oil & Gas, each a new series of ProShares Trust.
view filing
Source: SEC.gov
Tim Geithner blasts Wall Street for 'amnesia' over financial crisis
US Treasury Secretary Tim Geithner has blasted Wall Street for its "amnesia" over the financial crisis as the administration hits back at criticism of financial reform
March 2, 2012--Wall Street banks have attacked The Dodd-Frank Act, the financial reform legislation that Congress passed in the summer of 2010, for its complexity and the time it has taken to implement.
Ben Bernanke, the chairman of the Federal Reserve, admitted this week that The Volcker Rule, which bans proprietary trading and is a key plank of the legislation, will not be ready for a July 21 deadline.
read more
Source: The Telegraph
Horizons ETFs Launches Canada's First Family of Commodity Yield ETFs
March 1, 2012--Horizons Exchange Traded Funds Inc. ("Horizons ETFs")
and its affiliate AlphaPro Management Inc. ("AlphaPro") are pleased to announce the launch of three new commodity exchange traded funds which will allow investors to earn
a tax-efficient monthly income from exposure to crude oil, natural gas and silver.
Horizons ETFs is the first ETF provider in Canada to offer exchange traded funds that utilize an innovative covered call strategy on commodities.
The three new Horizons commodity yield exchange traded funds (the “Commodity Yield ETFs” or “ETFs”) allow investors to gain exposure to a commodity asset class while earning a tax-efficient monthly income.
The ETFs will begin trading today on the Toronto Stock Exchange (“TSX”)
read more
Source: Horizons Exchange Traded Funds Inc.
DBX files with he SEC
March 2, 2012--DBX ETF Trust has filed an application for exemptive relief with the SEC.
read more
Source: SEC.gov
First Trust files with the SEC
March 2, 2012-First Trust has filed a post-effective amendment, registration statement with the SEC. This Registration Statement relates to the First Trust Germany AlphaDEX Fund, First Trust Canada AlphaDEX( Fund, First Trust Australia AlphaDEX Fund, First Trust United Kingdom AlphaDEX Fund,
First Trust Taiwan
AlphaDEX(R) Fund, First Trust Hong Kong AlphaDEX(R) Fund, First Trust
Switzerland AlphaDEX(R) Fund, First Trust Emerging Markets Small Cap AlphaDEX(R)
Fund and First Trust Developed Markets ex-US Small Cap AlphaDEX(R) Fund
view filing
Source: SEC.gov
Morgan Stanley ETF Quarterly Report: $1.2 Trillion in 1,215 ETFs
March 2, 2012--The following publication is our comprehensive quarterly report on US-listed ETFs. It includes a summary of investment
applications, excerpts from our strategy reports, our outlook for
related markets, index data, and individual profiles for the 306 ETFs
in our coverage universe, which represents 92% of US-listed ETF
assets.
ETF assets are up 12% YTD amid solid flows and strong equity markets. We currently stand at $1.2 trillion spread among 1,215 products. New issuance has been strong so far this year with 57
ETFs coming to market. On the flow front, ETFs ended 2011 on a
positive note, generating net inflows of $40.8 billion during the
fourth quarter and $114.7 billion for the full year. Fixed Income
ETFs posted the largest net inflows in 2011, bringing in $43.4 billion
in net new money. US Small- & Micro-Cap ETFs had the highest net
cash outflows in 2011 at $4.4 billion.
ETFs provide access to many favored market segments. Morgan Stanley & Co.’s global strategy team maintains their defensive stance as risks are heavily skewed to the downside. We list favored areas in the report and ways to implement these ideas via ETFs.
request report
Source: Morgan Stanley
Rich nations causing 'monetary tsunami'
March 2, 2012--President Dilma Rousseff on Thursday accused the world's rich countries of unleashing a "tsunami" of cheap money that hurts developing countries like Brazil.
Rousseff complained that rich nations are responding to the global financial crisis with easy credit and low interest rates - and that cheap money makes its way to Brazil, which has high interest rates and a strong currency.
Brazil considers the situation an "exchange war" because as a result, Brazilian products are more expensive and US and European imports cheaper.
read more
Source: FIN24
BNY Mellon ADR Index Monthly Performance Review is Now Available-February 2012
March 2, 2012--The BNY Mellon ADR Index Monthly Performance Review February 2012.
view update
Source: BNY Mellon
IMF Working paper-The Puzzle of Brazil's High Interest Rates
March 1, 2012--Summary: This paper highlights that real interest rates in Brazil have declined substantially over time, but are still well above the average of emerging market inflation targeting regimes.
The adoption of an inflation-targeting regime and better economic fundamentals (reduction in inflation volatility and improvements in the fiscal and external positions) has helped Brazil sustain significantly lower real interest rates than in the past. Going forward, the paper shows that Brazil can converge towards lower equilibrium real interest rates if domestic savings increase to the level of other emerging market countries. The effect is particularly pronounced if the increase in domestic savings is achieved through higher levels of public savings. Still, econometric results suggest that, controlling for everything else in the model, real interest rates in Brazil are about two full percentage points higher than in other countries in the sample, suggesting that there are still Brazil-specific factors that have not been captured by the empirical analysis. Some of these factors may include credit market segmentation and inflation inertia generated by still pervasive indexation practices.
view the IMF Working paper-The Puzzle of Brazil's High Interest Rates
Source: IMF
