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iShares Launches the First International Sector ETFs That Include Developed and Emerging Markets Exposure
July 16, 2010--BlackRock, Inc. today announced that the iShares Exchange Traded Funds (ETFs) business, the world's largest provider of ETFs, launched nine iShares MSCI ACWI ex US sector funds on NYSE Arca that are the first to market international sector ETFs that include both developed and emerging markets exposures.1 The new funds each track their respective MSCI All Country World ex USA sector index and have an expense ratio of 0.48%. iShares has the largest number of sector ETFs and international ETFs.2 The new funds are:
iShares MSCI ACWI ex US Consumer Discretionary Sector Index Fund (AXDI
iShares MSCI ACWI ex US Consumer Staples Sector Index Fund (AXSL)
iShares MSCI ACWI ex US Energy Sector Index Fund (AXEN)
iShares MSCI ACWI ex US Health Care Sector Index Fund (AXHE)
iShares MSCI ACWI ex US Industrials Sector Index Fund (AXID)
iShares MSCI ACWI ex US Information Technology Sector Index Fund (AXIT)
iShares MSCI ACWI ex US Materials Sector Index Fund (AXMT)
iShares MSCI ACWI ex US Telecommunication Services Sector Index Fund (AXTE)
iShares MSCI ACWI ex US Utilities Sector Index Fund (AXUT)
"We are expanding our international sector offering with the iShares MSCI ACWI ex US sector funds because as financial advisors increasingly fine tune their clients' international exposure and institutional investors become more tactical internationally, we can make it easier for them to access the markets more efficiently," said Noel Archard, Head of iShares Product Research and Development at BlackRock. "The new iShares funds are also a great complement to iShares MSCI-based international product set. The consistency of the indices and the iShares funds facilitates the effective building and managing of international portfolios."
1 Source: BlackRock data as of June 10
2 Source: Bloomberg and BlackRock as of June 10
Source: BlackRock
Jefferies files with the SEC
July 16, 2010--Jefferies has filed a pre-effective amendment to Form S-1 with the SEC for
Jefferies S&P 500 VIX Short-Term Futures ETF.
view filing
Source: SEC.gov
SEC Adds Units to Oversee Financial Institutions, Asset-Backed Securities, New Financial Products and Trends
July 16, 2010-- The Securities and Exchange Commission's division that reviews public company filings is creating three specialized offices to enhance its disclosure review and policy operations.
The new offices in the Division of Corporation Finance will focus on large financial institutions, asset-backed securities and other structured products, and securities offering trends.
These changes will help us focus our resources more sharply on critically important institutions and financial products so we can stay ahead of the curve and better protect investors," said Meredith Cross, Director of the SEC's Division of Corporation Finance.
The three new offices are:
A disclosure review office that will expand the Division's enhanced reviews of large financial services companies.
An office focused exclusively on disclosure reviews and policy-making for asset-backed securities and other structured finance products.
An office that will review new securities products and capital markets trends and develop recommendations for changes to enhance investor protection in securities offerings.
Enhanced Reviews of Large and Financially Significant Companies
Since late 2008, the Division has been conducting continuous real-time reviews of the periodic reports filed by some of the largest bank holding companies and other large financial institutions. Through its new financial services review office, the Division will be able to increase the number of institutions subject to these reviews, concentrate staff expertise, and develop new review techniques to further strengthen its review program. The new office also will facilitate sharing information about the firms it reviews with others throughout the agency involved in regulatory oversight of these firms.
ABS and Other Structured Finance Products
This new office will review disclosures in asset-backed securities and other structured finance products and monitor their impact on the markets. The office will also lead rulemaking and interpretive activities related to structured products.
Capital Market Trends
This new office will evaluate trends in securities offerings and capital markets to determine whether rules and regulations are keeping pace and working effectively. The office also will conduct market research and selectively review securities offering documents and coordinate the Division's consideration of new products.
Source: SEC.gov
State Street files with the SEC
July 16, 2010--State Street Global Advisors has filed a fourth amended and restated application for exemptive relief for actively managed ETFs.
view filing
Source: SEC.gov
AllianceBernstein has filed with the SEC
July 16, 2010--AllianceBernstein Active ETFs, Inc. has filed an application for exemptive relief with the SEC for actively managed ETFs.
view filing
Source: SEC.gov
CFTC.gov Commitments of Traders Reports Update
July 16, 2010--The Commitments of Traders Reports has been updated. The current reports for the week of July 13, 2010 are now available.
read more
Source: CFTC.gov
Goldman to pay US$550M to settle SEC charges
July 15, 2010--The U.S. Securities and Exchange Commission says it has extracted its largest ever penalty from a Wall Street bank, a US$550-million settlement from Goldman Sachs Group Inc. over improper disclosure for one of its hedge funds.
The SEC has accused Goldman of creating and marketing a debt product linked to subprime mortgages, dubbed ABACUS 2007-AC1, without telling investors that a prominent hedge fund helped choose the underlying securities and was betting against them.
read more
Source: Financial Post
Global X files with the SEC
July 16,l 2010--Global X has filed a post-effective amendment, registration statement with the SEC for
Global X Aluminum ETF
Global X Lithium ETF
Global X Uranium ETF
Global X Fishing ETF
Global X Food ETF
Global X Shipping ETF
Global X Waste Management ETF
view filing
Source: SEC.gov
NYSE Euronext US ETFs Monthly Flash
July 16, 2010--The NYSE Euronext US ETFs Monthly Flash June 2010 is now available.
In Q2 2010, approximately 33 new ETFs listed on NYSE Arca (U.S), an increase of approximately 30% from Q2 2009
In June, consolidated dollar volume turnover for exchange traded products (ETPs) in the U.S. represented approximately 31% of all consolidated U.S. dollar volume traded.
view report
Source: NYSE Euronext
Gold ETF Assets May Grow 8-Fold in Japan, Mitsubishi UFJ Says
April 17, 2010--Assets held in Japan’s first exchange-traded funds backed by gold and other precious metals may increase eight-fold in a year as investors seek to protect their wealth in the country with the world’s biggest public debt, its largest publicly traded bank said.
ETFs backed by gold, silver, platinum and palladium stored in Japan may hold as much as 30 billion yen ($337 million) in July next year, from the initial 3.5 billion yen, said Osamu Hoshi, deputy general manager at Mitsubishi UFJ Trust and Banking Corp., a member of Mitsubishi UFJ Financial Group Inc. The yen-based funds from the bank were listed on the Tokyo Stock Exchange on July 2.
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Source: Bloomberg Businessweek
