Americas ETP News
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Barclays files with the SEC
February 22, 2012--Barclays has filed a form 424B2 with the SEC for the Notes linked to the Barclays Capital Voyager III DJ-UBSCISM Excess Return Index due February 27, 2014, Global Medium-Term Notes, Series A, No. C-384.
view filing
Source: SEC.gov
ProShares files with the SEC
February 22, 2012--ProShares has filed a pre-effective amendment to Form S-1 Registration statement with the SEC. This Registration Statement contains a preliminary prospectus that includes 26 Geared Currency series of the Registrant.
view filing
Source: SEC.gov
Federated Files with the SEC
February 22, 2012-Federated Investment Management Company has filed an application for exemptive relief with the SEC for actively-managed ETFs.
view filing
Source: SEC.gov
iShares files with the SEC-iShares Emerging Markets Local Currency Bond Fund
February 22, 2012-iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Emerging Markets Local Currency Bond Fund.
view filing
Source: SEC.gov
SEC Filing-SPDR Dow Jones Industrial Average ETF Trust
February 22, 2012--SEC Filing-SPDR Dow Jones Industrial Average ETF Trust-POST Effective Amendment N0. 15 to Form S-6.
view filing
Source: SEC.gov
iShares files with the SEC
February 22, 2012--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Barclays 0-5 Year TIPS Bond Fund.
view filing
Source: SEC.gov
CFTC to delay vote again on swap dealer definition
February 21, 2012--The U.S. futures regulator again delayed a vote on a long-awaited rule that would impose tougher rules on the swaps market by defining who will be a designated swap dealer, making it clearer which energy companies, banks and other firms will have to set aside more funds to cover their deals.
The U.S. Commodity Futures Trading Commission had been scheduled to vote on Thursday on regulations that would define a "swap dealer" and "major swap participant," subjecting them to costly and onerous regulations. The agency removed the rule from its agenda but did not give a reason.
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Source: Reuters
Barclays Files with the SEC
February 21, 2012--Barclays has filed a Form 424B2 with the SEC for the Barclays Perpetual Rolling Open Structure Protecting Equity Returns (PROSPER) ETF Series 2 Notes due March 30, 2017.
view filing
Source: SEC.gov
DB Global Equity Research: US ETF Market Weekly Review : ETP AUM hovers at all-time highs, while flows experienced first negative week for the year
February 21, 2012--Net Cash Flows Review
Equity markets were all bullish last week keeping the new-year momentum. The US (S&P 500) was up by 1.48%; other developed and emerging markets outside the US did similarly; the MSCI EAFE (in USD), and the MSCI EM (in USD) were up by 1.64% and 1.99% during the week, respectively.
Moving on to other asset classes, the 10Y Treasury yield rose by 5bps last week, also the DB Liquid Commodity Index increased by 0.97%. Other sectors were mostly positive also, with the exception of Silver. The Agriculture sector (DB Diversified Agriculture Index), Gold, and WTI Crude Oil price increased by 1.45%, 0.08%, and 4.63%, respectively; while Silver fell by 0.90%. Last but not least, Volatility (VIX) decreased to 17.8 recording a 14.5% decrease during the week.
ETP flows had their first negative week for the year last week taking the YTD cash flow figure to $31.1bn. The total US ETP flows from all products registered $2.4bn of outflows during last week vs $3.5bn of inflows the previous week, setting the YTD weekly flows average at +$4.4bn.
ETP markets experienced mixed flows across the three major asset classes, with Equity contributing with the downward pressure, during last week. Equity, Fixed Income, and Commodity ETPs experienced flows of -$4.1bn, +$1.3bn, and +$0.2bn last week vs. +$2.0bn, +$1.5bn, and +$0.4bn the previous week, respectively.
Within Equity ETPs, Large Cap products experienced the largest outflows (-$3.9bn), followed by Small Cap ETPs (-$0.7bn); while Dividend vehicles experienced the largest inflows (+$0.4bn). Within Fixed Income ETPs, Corporate products experienced the largest inflows (+$0.8bn), followed by Sub-Sovereign ETPs (+$0.2bn). Within Commodity ETPs, Gold products recorded the largest inflows (+$0.2bn).
New Launch Calendar:
country strategy, agency, sector debt, the list goes on
There were 17 new ETFs listed during the previous week. The new ETFs offer additional access to developed market, fixed income sovereigns, and agencies; and first-of-its-kind access to US corporate sector debt (financials, industrials and utilities). (See Figure 18 for details)
Turnover Review: ETP trading experienced a soft increase to request report Horizons Gold Yield Fund announces conversion into ETF The Conversion will not impact the monthly distributions declared today in a separate press release for the Fund's Class A and Class F unitholders of record as of February 29, 2012. read more
Total weekly turnover increased by 8% to $300bn vs. $278bn in the previous week, still about 19% down from last year’s weekly average of $375bn. The largest increase was on Equity ETP turnover, which increased by $29.5bn or 12.3% to $269bn. Fixed Income and Commodity ETP turnover went on the opposite direction with a 23.6% (-$4.5bn) and 16.4% (-$2.8bn) fall, respectively.
Source: Deutsche Bank - Global Equity Research
February 21, 2012-- Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. ("AlphaPro") are pleased to announce that the Horizons Gold Yield Fund (the "Fund") will, subject to regulatory approval, convert into an open-end exchange traded fund and be renamed the Horizons Gold Yield ETF after the close of business on February 27, 2012 (the "Conversion").
Upon completion of the Conversion, the Class E units of the ETF (the "Class E Units") will, subject to regulatory approval, begin trading on the Toronto Stock Exchange ("TSX") on February 28, 2012, under the symbol HGY. Concurrent with, but unrelated to, the Conversion, the ETF will begin issuing Advisor Class units (the "Advisor Class Units") which will, subject to regulatory approval, also begin trading on the TSX on February 28, 2012, under the symbol HGY.A.
Source: Horizons Exchange Traded Funds
