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First Trust Advisors L.P. introduces the FIRST ETF focused on the Global Manufacturing of Automobiles
May 6, 2011--First Trust Advisors L.P. (“First Trust”), the fastest growing
Exchange-Traded Fund (“ETF”) sponsor among the ten largest sponsors (by assets raised) since 2010,
announced today that Ryan Issakainen, Vice President, ETF Strategist, will ring the opening bell of The
NASDAQ Stock Market at 9:30 a.m. Eastern Time on Friday, May 13, 2011, to celebrate the release of
the first ETF focused on the global manufacturing of automobiles.
First Trust executives and guests will
participate in the event. The bell ringing will recognize the launch of the first automotive ETF in the
industry, the First Trust NASDAQ Global Auto Index Fund (NASDAQ: CARZ), which is expected to begin trading May 10, 2011. The Fund will seek investment results that correspond generally to the
price and yield (before the Fund’s fees and expenses) of the NASDAQ OMX Global Auto IndexSM, which is designed to track the performance of the largest and most liquid companies engaged in the
manufacturing of automobiles.
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Source: First Trust
SEC head eyes fast traders on crash anniversary
May 6, 2011-- The top U.S. securities regulator on Friday called for a broad reassessment of high-frequency trading on the one-year anniversary of the so-called "flash crash" of 2010.
"We need to assess the entire regulatory structure surrounding high frequency trading firms and their algorithms," said U.S. Securities and Exchange Commission Chairman Mary Schapiro at a funds conference.
Exactly one year after a sudden drop in U.S. stock markets that shook investor confidence,
read more Investors dump Canadian equity, commodity ETFs in April: BlackRock Fixed-income ETFs were the top-selling category in April with $138 million in net new sales. International equity funds had $55 million in net sales, and inverse funds added $35 million. read more NASDAQ-100 Data Explorers Optimized Index launched to enhance liquidity . The NASDAQ-100 Data Explorers Optimized Index offers a tradable benchmark that will enhance liquidity and protect both the long and short investor.The new index is unique because it screens out stocks that are either lacking in liquidity or relatively expensive to borrow in the stock lending market based on analytics from Data Explorers, the leading global provider of stock lending and short interest information.
The optimized version of the NASDAQ-100 Index retains the return and volatility characteristics of the original index, with enhanced liquidity to support both the long and short sides of the trade. The chart below shows the close relationship between the NASDAQ-100 Data Explorers Optimized Index and the NASDAQ-100 Index. read more
CFTC.gov Commitments of Traders Reports Update Claymore files with the SEC
Some 16 funds for which it collects daily data, with a total net asset value of about $26 billion, saw just $40.7 million in net outflows on Thursday, when commodities went into free-fall as panic selling hit everything from oil to silver.
Source: Reuters
May 6, 2011--Exchange-traded funds saw $715 million in net outflows in April, according to data from BlackRock Asset Management Canada Ltd.
The firm reports that Canadian equity ETFs led the outflows, with $797 million worth during the month. Commodity funds also suffered $151 million in outflows
Source: Investment Executive
May 6, 2011--The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) and Data Explorers announced the introduction of the NASDAQ-100 Data Explorers Optimized Index (NASDAQ:NDXOPT).
The new index is an optimized version of the NASDAQ-100 Index® (NASDAQ:NDX), a globally recognized brand comprised of 100 of the world's largest, most dynamic non-financial companies.
Source: WFE
May 6, 2011--CFTC.gov Commitments of Traders Reports have been updated for the week of May 3, 2011 are now available
view updates
Source: CFTC.gov
May 6, 2011--Claymore has filed a post-effective amendment, registration statement with the SEC for the Guggenheim Enhanced Adjustable Rate Senior Loan ETF.
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Source: SEC.gov
