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US Treasuries confound bearish investors
June 1, 2011--US government debt notched up stronger gains in May than dollar-denominated private sector debt for the first time in six months.
The strong performance of Treasury debt flies in the face of the expectations of many investors, with big bond buyers such as Pimco reducing holdings of Treasuries on expectations of underperformance.
read more
Source: FT.com
CFTC Staff to Host Public Roundtable to Discuss Swap Data Recordkeeping and Reporting Requirements
June 1, 2011--Staff of the Commodity Futures Trading Commission (CFTC) will hold a public roundtable on June 8, 2011, from 1:00 pm to 5:00 pm to discuss technical aspects of implementing infrastructures for issuance and maintenance of Unique Product Identifiers (UPIs), as they apply to CFTC’s proposed swap data recordkeeping and reporting rules, as well as other CFTC proposed rules, with a focus on the products and entities under the Commission’s jurisdiction. The roundtable will assist the CFTC in the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The Unique Product Identifier (UPI) proposed by the Commission in the swap data recordkeeping and reporting rulemaking (Part 45) would categorize swaps according to the underlying products referenced in them. While the UPI would be assigned to a particular level of the taxonomy of the asset class or sub-asset class in question, its existence would enable the Commission and other regulators to aggregate transactions at various taxonomy levels based on the type of product underlying the swap
read more
Source: CFTC.gov
Rydex files with the SEC
June 1, 2011--Rydex has filed a FORM S-1 with the SEC for the CurrencyShares® Chinese Renminbi Trust.
view filing
Source: SEC.gov
Morgan Stanley ETF Quarterly: $1.1 Trillion in 1,072 ETFs
May 31, 2011--Assets under management in US-listed ETFs eclipsed $1 trillion during the beginning of this
year. We currently stand at $1.1 trillion spread among 1,072 products. New issuance has been strong this year with 105 ETFs coming to market and
first quarter net inflows were well above first quarter average net cash inflows over the past three years.
International developed equity ETFs generated the largest net inflows during the first quarter while
emerging market equity ETFs posted meaningful net outflows.
request report
Source: Morgan Stanley
XTF Capital Corp. Launches ETFs
May 31, 2011--XTF Capital Corp. is pleased to announce the launch of four XTF Capital eXchange Traded Funds ("XTFs"). Two of these XTFs – Can-60 Income ETF and Can-Energy Income ETF will begin trading on the Toronto Stock Exchange ("TSX") tomorrow, under the following ticker symbols:
Fund: Can-60 Income ETF
Common Units: LXF
Advisor Units:LXF.A
Fund: Can-Energy Income ETF
Common Units: OXF
Advisor Units:OXF.A
The other two - Can-Financials Income ETF and Can-Materials Income ETF begin trading on the TSX on Friday, June 3, 2011.
XTF Capital's mission is to create the next dimension of exchange traded funds, delivering superior risk adjusted solutions to Canadian investors.
The following is a brief description of each of the offerings:
Can-60 Income ETF ("Can-60 XTF") - The investment objective of Can-60 XTF is to provide holders, through an actively managed portfolio, with (i) quarterly cash distributions, (ii) the opportunity for capital appreciation by investing on an equal weight basis in a portfolio of the securities of the issuers publicly disclosed as being included in the S&P/TSX 60 Index, from time to time, and (iii) lower overall volatility of returns on the portfolio than would be experienced by owning a portfolio of securities of such issuers directly.
read more Russell launches series of 10 'factor' ETFs These new ETFs, which began trading Friday on the NYSE Arca, constitute Russell’s second wave of ETF products launched in the U.S. market in May, following the launch of Russell Investment Discipline ETFs™ on May 19. .Russell Launches Series of 10 “Factor” ETFs
New ETFs designed to provide focused exposure to five significant risk factors
tweet0EmailPrint..Press Release Source: Russell Investments On Tuesday May 31, 2011, 9:30 am EDT
SEATTLE--(BUSINESS WIRE)-- Russell Investments has launched the first comprehensive series of Factor ETFs designed to offer practical solutions to help sophisticated investors manage risk exposures within their portfolios. The Russell Factor ETFs, a series of 10 U.S. equity ETFs, aim to deliver focused large cap and small cap exposure to five significant risk factors – high beta, low beta, high volatility, low volatility and high momentum – while also manage portfolio turnover and control exposure to other non-targeted risk factors. These new ETFs, which began trading Friday on the NYSE Arca, constitute Russell’s second wave of ETF products launched in the U.S. market in May, following the launch of Russell Investment Discipline ETFs™ on May 19.
“The trade-off between risk and return has always been the core of investing,” said James Polisson managing director of Russell’s global ETF business. “However, the factors that constitute risk, as well as the appropriate way to measure and manage it, are often a gray area and not fully accounted for in the investment decision-making process. With the advent of the Russell Factor ETFs, we believe investment professionals now have an efficient, cost-effective way to help minimize unintended influences and help manage individual risk factor exposures within their portfolios.” read more
BlackRock’s Fink More Bullish on U.S. Stocks Than Bonds as Dollar Weakens Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Component Changes Made To Dow Jones Real Estate Titans 30 Index
Further information on the Dow Jones Real Estate Titans 30 Index can be found at www.djindexes.com.
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Marketwire
New ETFs designed to provide focused exposure to five significant risk factors
May 31, 2011--Russell Investments has launched the first comprehensive series of Factor ETFs designed to offer practical solutions to help sophisticated investors manage risk exposures within their portfolios.
The Russell Factor ETFs, a series of 10 U.S. equity ETFs, aim to deliver focused large cap and small cap exposure to five significant risk factors – high beta, low beta, high volatility, low volatility and high momentum – while also manage portfolio turnover and control exposure to other non-targeted risk factors.
Source: Russell Investments
May 31, 2011--Blackrock Inc. (BLK)’s Chief Executive Officer Laurence D. Fink said he’s more bullish on U.S. equities than bonds because companies are benefiting from the weak dollar and have surplus cash to invest for growth.
“We love equities, we love dividend stocks,” Fink said in a Bloomberg Television interview today in Hong Kong. “You own Treasuries because you’re worried about the world and the future, but if you believe the world is a good place to invest for the long cycle, you have to be in equities.”
Source: Bloomberg
May 31, 2011--Standard & Poor's Canadian Index Operations announces the following index changes:
It is expected that the shareholders of Massey Energy Company (NYSE:MEE) will accept the cash and share offer from Alpha Natural Resources, Inc. (NYSE:ANR).
Shareholders of both companies meet on Wednesday, June 1, 2011, to approve the transaction. Assuming shareholder approvals are received, Massey Energy shareholders will receive $US10.00 cash and 1.025 shares of Alpha Natural Resources for each share held. Massey Energy will be removed from the S&P/TSX Global Mining Index after the close of Wednesday, June 1, 2011. Following the acquisition of Massey Energy, the relative weight of Alpha Natural Resources will increase in the S&P/TSX Global Mining Index to reflect the issuance of shares as part of the transaction, also after the close on Wednesday, June 1, 2011.
Source: Standard & Poor's
May 31, 2011--Dow Jones Indexes, a leading global index provider,today announced component changes in the Dow Jones Real Estate Titans 30 Index.
In the Dow Jones Real Estate Titans 30 Index, ProLogis (United States, Real Estate, PLD) will be replaced by Hong kong Land Holdings Ltd. (Singapore, Real Estate, H78.SG). ProLogis is being removed due to its acquisition by AMB Property Corp (United States, Real Estate, AMB). All changes will be effective before the open of trading on Friday, June 3, 2011.
Source: Dow Jones Indexes
May 31, 2011--Standard & Poor's Canadian Index Operations announces the following index changes:
It is expected that the shareholders of Massey Energy Company (NYSE:MEE) will accept the cash and share offer from Alpha Natural Resources, Inc. (NYSE:ANR). Shareholders of both companies meet on Wednesday, June 1, 2011, to approve the transaction. Assuming shareholder approvals are received, Massey Energy shareholders will receive $US10.00 cash and 1.025 shares of Alpha Natural Resources for each share held.
Massey Energy will be removed from the S&P/TSX Global Mining Index after the close of Wednesday, June 1, 2011. Following the acquisition of Massey Energy, the relative weight of Alpha Natural Resources will increase in the S&P/TSX Global Mining Index to reflect the issuance of shares as part of the transaction, also after the close on Wednesday, June 1, 2011.
Source: Standard & Poor's
