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Rydex Announces the Launch of Its CurrencyShares Chinese Renminbi Trust
FXCH is First ETF to Provide Pure Exposure to the Chinese Currency; Offers Access to China's Growth Story
October 4, 2011--Rydex|SGI, a leading investment manager, announced today that shares of the CurrencyShares Chinese Renminbi Trust have begun trading. The launch of the CurrencyShares Chinese Renminbi Trust expands Rydex's CurrencyShares lineup to 10 ETPs.
The Chinese Renminbi Trust seeks to provide institutional and retail investors a cost-effective way to hold the renminbi, the official currency of the People's Republic of China. The primary unit of the renminbi is the yuan. The currency shares structure, similar to all of the Rydex CurrencyShares, provides pure exposure to the renminbi by holding actual foreign currency deposits, not derivatives. In addition to pure exposure, CurrencyShares' investing advantages include transparency, accessibility and choice.
"The renminbi has become an important currency in the world, and the China growth story is expected to continue long-term," said Jim King, an ETF portfolio manager at Rydex|SGI. "The Chinese Renminbi Trust offers investors a way to participate in China's burgeoning economy, as well as diversify their portfolio with currency exposure," he said.
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Source: Rydex|SGI
J.P. Morgan to Sponsor Four Additional Vanguard ETFs on the Mexican Stock Exchange
October 4, 2011--J.P. Morgan announced today that it has been appointed by Vanguard, one of the world’s largest investment management companies, to offer four of its U.S.-registered Exchange Traded Funds (ETFs) on the international segment of the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV).
The four new ETFs are in addition to the 39 Vanguard ETFs previously sponsored by J.P. Morgan.
The new Vanguard ETFs are listed on the BMV in pesos and trades can be initiated through a local broker: Vanguard S&P 500 ETF (VOO), Vanguard Global ex-U.S. Real Estate ETF (VNQI), Vanguard Short-Term Government Bond ETF (VGSH) and Vanguard Short-Term Corporate Bond ETF (VCSH).
J.P. Morgan’s Depositary Receipts (DR) Group services the ETFs and handles all corporate actions. J.P. Morgan disseminates relevant shareholder and corporate actions information in the Mexican market via BMV. Additionally, a dedicated J.P. Morgan representative is available in Mexico City to provide local expertise and guidance to investors.
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Source: JPMorgan Chase & Co.
NSX Releases September 2011 ETF/ETN Data Reports
October 4, 2011---- National Stock Exchange, Inc. (NSX) announced that assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) totaled approximately $973 billion at September 2011 month-end, an increase of almost 8% in comparison to September 2010 when month-end assets totaled approximately $901 billion. At the end of September 2011, the number of listed products totaled 1335.
ETFs/ETNs posted net cash inflows of approximately $4.6 billion for the month of September 2011, with year-to-date net cash inflows reaching almost $78.7 billion. ETF/ETN notional trading volume during September 2011 totaled approximately $2.09 trillion, representing almost 36% of all U.S. equity trading volume.
This and more data is included in the full NSX September 2011 Month-End ETF/ETN Data Report released by the Exchange, which has become a key industry source for ETF/ETN data. These Data Reports are published following the end of each calendar month.
To view the full reports go to: http://www.nsx.com/content/market-data.
Source: National Stock Exchange (NSX)
ProShares Launches First Geared VIX Futures ETFs
Expands Lineup of the Nation’s Only VIX Futures ETFs to Four
October 4, 2011--ProShares, a premier provider of alternative exchange traded funds (ETFs), including the only VIX futures ETFs in the United States, today announced the expansion of its lineup with the launch of the first ETFs in the United States designed to provide magnified or inverse exposure to VIX futures.
The ProShares Ultra VIX Short-Term Futures ETF (NYSE: UVXY) seeks to provide 2x the daily performance of the S&P 500 VIX Short-Term Futures Index, before fees and expenses. The ProShares Short VIX Short-Term Futures ETF (NYSE: SVXY) seeks to provide -1x the daily performance of the S&P 500 VIX Short-Term Futures Index, before fees and expenses. The ETFs list on NYSE Arca today.
"Many investors are focused on volatility of the equity markets and are interested in tools that could help manage or incorporate volatility in sophisticated portfolios," said Michael L. Sapir, Chairman and CEO of ProShare Capital Management, the sponsor of the funds. "Now, with our introduction of these new ProShares, investors for the first time can get leveraged or inverse exposure to VIX futures with an exchange traded fund."
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Source: ProShares
Crude oil falls below $100 a barrel
October 4, 2011--Oil prices closed below $100 a barrel on Thursday during a session in which most commodity prices fell sharply, signaling that a recent run-up in commodities prices may finally be coming to an end.
After four months of surging higher, oil prices plummeted by almost 9 percent as traders worried that American drivers were beginning to balk at paying nearly $4 a gallon of gasoline.
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Source: NY TImes
“Moneyball”-Speech by Commissioner Bart Chilton before the Golden Networking High-Frequency Trading Leaders Forum 2011,
October 4, 2011--Introduction
It’s good to be with you today. I especially thank Edgar Perez for the invitation to be here. I also appreciate focusing on something Edgar has written about in his book The Speed Traders. If you haven't read his book, I recommend it highly.
This new breed of trader, speed traders, high frequency traders or HFTs, or what I call “cheetah” traders—because they are so fast, fast, fast—are an authentic market phenomenon. You can't look at what they do and not be impressed.
It is also nice to have this conference in Chicago. It is my favorite city. I grew up just across the lake in Indiana and when the skies were clear you could see the city. My family would come here and go to the Bulls, Bears or White Sox games. We were Sox fans, not Cub fans. But regardless of your team, baseball in Chicago is a wonderful thing, although neither team had a great season this year.
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Source: CFTC.gov
Dollar Beating All Assets in September Undermines S&P U.S. Debt Downgrade
October 3, 2011--After all the concern that the U.S. is debasing its currency, the dollar beat stocks, bonds and commodities for the first time since May as investors sought refuge from slowing growth and Europe’s sovereign-debt crisis.
The U.S. currency rose 6 percent in September, according to IntercontinentalExchange Inc.’s Dollar Index, beating returns of 1.6 percent by Bank of America Merrill Lynch’s U.S. Treasury Master Index. The MSCI All-Country World Index of stocks in 45 countries lost 8.9 percent, the largest monthly drop since May 2010. Raw materials measured by the Standard & Poor’s GSCI Total Return Index of 24 commodities slid 12 percent.
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Source: Bloomberg
CME Group Joins Battle For NYSE Interest-Rate Futures Market
October 3, 2011--CME Group Inc. (CME) on Monday opened a new front in the battle for global derivatives trading, launching a futures market modeled on one of rival NYSE Euronext's (NYX) most-traded contracts.
The Chicago-based futures exchange group is mulling additional launches that could thrust it further into competition for foreign-based futures trade, according to officials, though just a handful of the newly listed contracts on a key European interest rate traded Monday. read more
Source: Fox Business
Global X files with the SEC-3 ETFs
October 3, 2011--Global X has filed a post-effective amendment, registration statement with the SEC for the Global X NASDAQ 500 ETF
Global X NASDAQ Mid Cap 400 ETF and
the Global X NASDAQ 100 Global Technology ETF
view filing
Source: SEC.gov
Morgan Stanley-US ETF Weekly Update
October 3, 2011--- Weekly Flows: $3.8 Billion Net Inflows
ETF Assets Stand at $955 Billion, down 4% YTD
Launches: 3 New ETFs
ProShares Announces Share Splits
US-Listed ETFs: Estimated Flows by Market Segment
ETFs posted net inflows of $3.8 bln last week, recovering more than half of prior week’s outflows
Net inflows last week were driven by US Equity, International-Emerging Equity and Fixed Income ETFs
Fixed Income ETFs have exhibited net inflows for 7 straight weeks ($9.9 bln net inflows over the 7 weeks)
ETF assets stand at $955 bln, down 4% YTD (due to market depreciation)
13-week flows were mixed among asset classes; combined $19.4 bln net inflows
Fixed Income ETFs up $11.6 bln; US Sector & Industry ETFs down $5.0 bln
We estimate ETFs have generated net inflows 24 out of 39 weeks in 2011; net inflows of $76.1 bln YTD
US-Listed ETFs: Estimated Largest Flows by Individual ETF
SPDR S&P 500 ETF (SPY) generated net inflows of $2.3 bln last week, the most of any ETF
Despite volatile markets, ETFs providing exposure to riskier assets exhibited net inflows (emerging markets, small caps, high yield debt, financials)
3 out of the 10 ETFs to exhibit the largest net outflows last week were emerging market currency-based as stress in the funding markets has increased demand for the US $
US-Listed ETFs: Change in Short Interest
Data Updated: Based on data as of 9/15/11
SPY exhibited the largest increase in USD short interest since last updated
$4.4 billion in additional short interest
Highest all-time level of shares short for SPY
GLD exhibited the largest decline in USD short interest since last updated
$388 million in reduced short interest
Lowest level of shares short for GLD since 5/31/11
request report
Source: Morgan Stanley
