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Semi-Annual Changes to the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index
September 20, 2010--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced today the results of the semi-annual evaluation of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index (Nasdaq:QGRD), which will become effective with the market open today.
The following four securities will be added to the Index: Wasion Group Holdings Ltd. (3393 HK), Hubbell Inc. (HUB/B UN), Red Electrica Corp SA (REE SM), and Thomas & Betts Corp. (TNB UN).
The Index is designed to act as a transparent and liquid benchmark for the smart grid and electric infrastructure sector. The Index includes companies that are primarily engaged and involved in electric grid; electric meters, devices, and networks; energy storage and management; and enabling software used by the smart grid and electric infrastructure sector. The securities must also meet other eligibility criteria which include minimum requirements for market capitalization and average daily dollar trading volume. The NASDAQ OMX Clean Edge Smart Grid Infrastructure Index is evaluated semi-annually in March and September. For more information about the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
The First Trust NASDAQ(R) Clean Edge(R) Smart Grid Infrastructure Index Fund (Nasdaq:GRID) is an exchange traded fund that seeks investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of the NASDAQ OMX(R) Clean Edge(R) Smart Grid Infrastructure Index.
As a result of the evaluation, no securities will be removed from the Index.
Source: NASDAQ OMX Global Index Group
Semi-Annual Changes to the NASDAQ OMX Clean Edge Global Wind Energy Index
September 20, 2010--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced today the results of the semi-annual evaluation of the NASDAQ OMX(R) Clean Edge(R) Global Wind Energy Index (Nasdaq:QWND), which will become effective with the market open today.
The following three securities will be added to the Index: Innergex Renewable Energy Inc. (INE CN), RWE AG (RWE GY), and Theolia SA (TEO FP).
The Index is designed to act as a transparent and liquid benchmark for the global wind energy sector. The Index includes companies that are primarily manufacturers, developers, distributors, installers, and users of energy derived from wind sources. The securities must also meet other eligibility criteria which include minimum requirements for market capitalization and average daily dollar trading volume. The NASDAQ OMX(R) Clean Edge(R) Global Wind Energy Index is evaluated semi-annually in March and September. For more information about the NASDAQ OMX(R) Clean Edge(R) Global Wind Energy Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
The NASDAQ OMX Clean Edge Global Wind Energy Index is the basis for the PowerShares Global Wind Energy Portfolio (Nasdaq:PWND), which seeks investment results that correspond generally to the price and yield of the NASDAQ OMX Clean Edge Global Wind Energy Index before fees and expenses.
As a result of the evaluation, the following six securities will be removed from the Index: Broadwind Energy Inc. (BWEN UQ), Centrica PLC (CNA LN), Clipper Windpower PLC (CWP LN), Greentech Energy Systems (GES DC), PNE Wind AG (PNE3 GY), and Terna Energy SA (TENERGY GA).
Source: NASDAQ OMX
CFTC.gov Commitments of Traders Reports Update
September 17, 2010--The CFTC.gov Commitments of Traders Reports for the week of September 14, 2010 is now available.
view updates
Source: CFTC.gov
State Street Global Advisors-ETF Snapshot August 2010
September 17, 2010--As of August 31, 2010, 923 ETFs—with assets totaling approximately $800BN—were managed by 33 ETF managers.
ETF industry assets fell $21.8BN for the month, down 2.7%.
STATE STREET HIGHLIGHTS, AUGUST 2010
State Street Global Advisors (State Street) offers four international ETFs that provide access to international treasuries, international TIPS and international corporate bonds. In particular:
The SPDR® Barclays Capital International Corporate Bond ETF [IBND] was the first US-listed ETF to provide access to international corporate bonds.
IBND provides exposure to European, Asian, and other international corporate bonds. About 90% of IBND’s portfolio is denominated in Euros.1
ETF Industry Detail
ASSET CLASSES ? OVERALL
The S&P 500® Index fell 4.5% while the MSCI EAFE Index fell 3.0%. U.S. bonds rose with the Barclays U.S. Treasury Index, gaining 2.0% and the Barclays U.S. Aggregate Index, climbing 1.3%. Gold rose $77 to $1,246 per ounce.
Declines in the Size categories accounted for the majority of the total drop in ETF AUM.
The Fixed Income and Commodity categories rose $3.9BN and $3.4BN, respectively.
Year-to-date, areas with significant positive asset growth are Commodities: up $11.0BN, Fixed Income: up $31.1BN, and Dividend/Fundamental: up $4.4BN.
SIZE/STYLE
Large Cap assets fell $15.4BN, followed by Small Cap, down $3.6BN.
All Size and Style categories declined in assets.
SECTOR
Eight of ten Sectors fell for the month with Financials losing the most, down $1.2BN. Utilities and Materials were up slightly in absolute terms.
For more detail , please visit www.spdrs.com.
Source: State Street Global Advisors
Claymore/BNY Mellon Frontier Markets ETF Tops $130 Million in Assets
September 17, 2010--Claymore Securities, Inc., an innovator of investment product solutions and wholly-owned subsidiary of Guggenheim Partners, LLC, and BNY Mellon, the global leader in asset management and securities servicing, today announced that the Claymore/BNY Mellon Frontier Markets ETF (the "Fund") has surpassed $130 million in total assets. The Fund launched in June 2008 and trades on the NYSE Arca under the symbol "FRN."
The Fund seeks investment results that correspond generally to the performance, before the Fund's fees and expenses, of an equity index called the BNY Mellon New Frontier DR Index (the "Index"). Currently, the Index contains 47 constituents from 15 countries, including Argentina, Chile, Colombia, Czech Republic, Egypt, Georgia, Kazakhstan, Lebanon, Nigeria, Oman, Pakistan, Peru, Poland, Qatar and Ukraine. Sectors currently represented in the Index include financials, utilities, energy, telecom, materials, industrials, consumer staples and consumer discretionary. As such, the Fund provides investors access to a broad range of countries in the very early stages of development--a market segment that may offer an attractive risk/return profile and a lower correlation to the developed and emerging markets. The expense cap for the Fund is 0.65%.(1)
"Unlike more developed or emerging economies, frontier markets offer risk-tolerant investors a source of untapped economic potential," said Steven A. Baffico, senior managing director and head of U.S. Retail for Claymore Securities, Inc. "Investors are recognizing the potential growth opportunities many of these markets currently offer, such as the early development of effective harvest and management of natural resources, advancing their sovereign balance sheets, trade surpluses, infrastructure expansion, rising per capita GDP and the corresponding growth of the consumer. FRN offers investors the benefit of accessing these investment themes."
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Source: Claymore
SEC Proposes Measures to Enhance Short-Term Borrowing Disclosure to Investors
September 17, 2010--The Securities and Exchange Commission today voted unanimously to propose measures that would require public companies to disclose additional information to investors about their short-term borrowing arrangements.
The SEC's proposal would shed a greater light on a company's short-term borrowing practices, including what some refer to as balance sheet "window-dressing." The proposed rules are aimed to enable investors to better understand whether amounts of short-term borrowings reported at the end of reporting periods are consistent with amounts outstanding throughout the reporting periods.
"Under these proposed rules, investors would have better information about a company's financing activities during the course of a reporting period — not just a period-end snapshot," said SEC Chairman Mary L. Schapiro. "Investors would be better able to evaluate the company's ongoing liquidity and leverage risks."
Many financial institutions and other companies engage in short-term borrowing in order to fund operations. These financing arrangements can range from commercial paper, repurchase agreements, letters of credit, promissory notes and factoring. They generally mature in a year or less.
Proposed Disclosure Requirements
view Commission Guidance on Presentation of Liquidity and Capital Resources Disclosures in Management’s Discussion and Analysis
Source: SEC.gov
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
September 17, 2010--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Friday, September 17, 2010:
Asia Bio-Chem Group Corp. (TSXVN:ABC) will be removed from the index.
The company will graduate to trade on TSX under the same ticker symbol.
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: Standard & Poors
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
September 17, 2010--Standard & Poor's Canadian Index Operations announces the following index changes:
The shareholders of Red Back Mining Inc. (TSX:RBI) and Kinross Gold Corporation (TSX:K) have approved the Plan of Arrangement whereby the companies will merge. Shareholders of Red Back Mining will receive 1.778 common shares of Kinross Gold and 0.11 of a Kinross warrant for each common share held.
Red Back Mining will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion, the S&P/TSX Global Gold and Global Mining and the S&P/TSX Capped Materials Indices. The relative weight of Kinross Gold will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX 60, 60 Capped and Equity 60, the S&P/TSX Global Gold and Global Mining and the S&P/TSX Capped Materials indices. There will be no change to Kinross in the S&P/TSX 60 Equal Weight or the S&P/TSX 60 130/30 indices.
These changes will all be effective after the close of trading on Tuesday, September 21, 2010.
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: Standard & Poors
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
September 16, 2010--The unitholders of Boralex Power Income Fund (TSX:BPT.UN) have accepted the takeover offer from Boralex Inc. (TSX:BLX).
Boralex Power Income Fund will be removed from the S&P/TSX Clean Technology Index effective after the close on Friday, September 24, 2010.
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: Standard & Poors
Concerned by Changes to the Tax Rules on Income Trusts? BlackRock Canada has a Solution: The New iShares(R) Diversified Monthly Income Fund
September 16, 2010--BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc., today announced that the iShares Exchange-Traded Funds (ETFs) business, the world's largest provider of ETFs, can now provide investors looking for a consistent monthly income stream, along with full liquidity and the potential for modest long-term capital growth with an appealing-and tax-friendlier-option: the iShares Diversified Monthly Income Fund, trading on the TSX under the symbol XTR.
Managed by BlackRock Canada, XTR offers all the benefits that investors have come to expect from iShares ETFs, including reasonable management fees, full intra-day tradability, and the power of the iShares ETFs' unique and trusted product engineering.
XTR replaces the former iShares S&P®/TSX® Income Trust Fund, which traded under the same symbol. The conversion, approved by a special meeting of unitholders on August 23, 2010, is designed to provide maximum investor benefit in advance of changes to the federal tax regulations governing income trusts that will come into effect in January 2011.
"The goal here is to ensure investors continue to receive a reliable monthly income stream while still enjoying the benefits they've come to associate with iShares ETFs," said Oliver McMahon, director of product management for iShares ETFs at BlackRock Canada. "The new XTR is an income product that has the ETF's inherent advantages, including diversification, transparency, low costs, tax efficiency and the ability to use value-adding trading strategies, such as limit and stop orders."
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Source: BlackRock
