Americas ETP News
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iShares files with the SEC-iShares MSCI Global Select Metals & Mining Producers Fund
November 16, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI Global Select Metals & Mining Producers Fund.
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Source: SEC.gov
iShares files with the SEC-iShares MSCI Global Energy Producers Fund
November 16, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI Global Energy Producers Fund.
view filing
Source: SEC.gov
iShares files with the SEC-iShares MSCI Global Agriculture Producers Fund
November 16, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI Global Agriculture Producers Fund.
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Source: SEC.gov
iShares files with the SEC
November 16, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI Global Gold Miners Fund.
view filing
Source: SEC.gov
AdvisorShares files with the SEC
November 16, 2011--AdvisorShares has filed a post-effective amendment, registration statement with the SEC for the AdvisorShares Global Alpha & Beta ETF (NYSE Arca Ticker: RRGR).
view filing
Source: SEC.gov
The Pandemic of Ponzimonium”-Speech of Commissioner Bart Chilton
to the New York Law School, Center on Financial Services Law
November 15, 2011-Introduction
It is an honor and pleasure to be here with you this afternoon. Thanks particularly to Professor Ron Filler for his extraordinary efforts in setting this up.
Biosafety Levels
There is a fairly recent movie out called “Contagion.” Steven Soderbergh directed the film which has a large ensemble cast including Matt Damon, Jude Law, Gwyneth Paltrow and Kate Winslet, among others. I haven’t seen the movie, but it follows the progress of a virus that results in a pandemic. The movie sounds similar to a book I read over a dozen years ago—pre-9/11—called “The Cobra Event.” It’s a thriller and this single man, a terrorist, creates an incurable virus called “Cobra” that is a combination of smallpox and the common cold. The story starts right here in New York and a pandemic ensues.
The thing is—the theoretical possibility of such pandemics as Contagion and Cobra Event seem all too close to home.
When I worked at the United States Department of Agriculture around the same time I read Cobra Event, I became familiar with biosafety levels—or BSL—and the facilities that exist to contain these deadly things and to do research to find a vaccine or antidote. At the time, there were four BSL tiers, ranging from a biosafety level 1 which were facilities where the staff would isolate whatever it was they were trying to contain and they’d use some minimal protective garments. The BSL tiers became progressively more secure through BSL 4. A BSL 4 was reserved for dealing with pathogens and lethal agents—like smallpox, cholera, measles, etc…—exceptionally dangerous and infectious materials that if released could become pandemics. A BSL 4 is a super secure facility for dealing with these things. Staff wears what are essentially space suits with hoods. The buildings have self-contained oxygen and the air is all internally filtered. The entrance and exits have multiple showers, a vacuum room, ultraviolet rooms and a bunch of other safety precautions. Let’s just say it is pretty secure because it handles the most dangerous stuff on earth—things that could become pandemic. And guess what? There is a facility a mile and a half off of Long’s Island’s Orient Point. It is called Plum Island and it is 840 acres. It is, or at least it was, the only BSL 4 facility authorized to handle diseases that are communicable between humans and animals for which there is no known cure.
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Source: CFTC.gov
Morgan Stanley-HOLDRS Conversion
November 15, 2011--Van Eck to Convert
HOLDRS Into ETFs Synopsis:
Van Eck Global has filed documents with the Securities and Exchange Commission offering investors of six HOLDRS the opportunity to
exchange their receipts in HOLDRS trusts for shares of new Market Vectors exchangetraded funds (ETFs).
The exchange will be of equal value and
require action on the part of individual
HOLDRS investors authorizing conversion into the new Market Vectors ETFs. According to Van Eck, investors in the six affected HOLDRS can expect to receive an information
package shortly.
Trading in the six HOLDRS will be halted 30 minutes prior to the expiration of Van Eck’s exchange offers on 12/20/11, unless the offers are extended. The trustee is expected to liquidate the HOLDRS approximately four months after the termination of the trusts, which will occur following the expiration of the exchange offers.
Following the expiration of the exchange offers, the six HOLDRS will no longer trade on a national securities exchange, potentially making it difficult for investors who did not participate in the exchange to sell their shares.
Trading in the new ETFs is expected to begin on the first trading day immediately following the expiration of the exchange offers.
It is likely that the remaining 11 HOLDRS that are not part of the Van Eck exchange offering will be liquidated.
request report
Source: Morgan Stanley
Highland Capital Management, L.P. files with the SEC
October 15, 2011--Highland Capital Management, L.P. has filed a
fourth amended and restated application for exemptive relief with the SEC.
view filing
Source: SEC.gov
Gold hit as Paulson cuts ETF holding
November 15, 2011--Gold prices dropped as much as 1.1 per cent on Tuesday on news that John Paulson, the world’s most prominent gold bull, had cut his holdings in a popular gold exchange-traded fund during the third quarter.
Mr Paulson sold a third of his holdings in the SPDR Gold Trust in the third quarter, according to a regulatory filing released late on Monday. Nonetheless, his $30bn hedge fund was still the largest holder of the ETF at the end of September, with a stake worth about $3.5bn at current prices.
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Source: FT.com
Attention ETF Traders and Investors, United States Commodity Funds LLC Launches the United States Copper Index Fund (CPER)
November 15, 2011--United States Commodity Funds LLC, a sponsor of exchange traded commodity funds, listed for trading on the New York Stock Exchange Arca a new exchange traded commodity index fund, United States Copper Index Fund, under the ticker "CPER".
The United States Copper Index Fund (CPER) is an exchange traded product ("ETP") that seeks to reflect the performance of a portfolio of copper futures contracts fully collateralized with 3-month U.S. Treasury Bills. The investment objective of CPER is for the daily changes in percentage terms of its units' net asset value ("NAV") to reflect the daily changes in percentage terms of the SummerHaven Copper Index, less CPER's expenses. CPER issued units may be purchased and sold on the NYSE Arca.
United States Copper Index Fund's target is a portfolio of copper futures contracts designed to be an investment benchmark for copper as an asset class. The Copper Index is composed of copper futures contracts on the Comex exchange. The Copper Index attempts to maximize backwardation and minimize contango while using contracts in the liquid portions of the futures curve.
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Source: United States Commodity Funds LLC
