Americas ETP News
If your looking for specific news, using the search function will narrow down the results
U.S. International Reserve Position
July 20, 2010--The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $128,602 million as of the end of that week, compared to $126,723 million as of the end of the prior week.
I. Official reserve assets and other foreign currency assets (approximate market value, in US millions)
|
|
|
|||
|
|
July 16, 2010 |
|||
|
A. Official reserve assets (in US millions unless otherwise specified) 1 |
|
|
128,602 |
|
|
(1) Foreign currency reserves (in convertible foreign currencies) |
Euro |
Yen |
Total |
|
|
(a) Securities |
9,148 |
15,050 |
24,198 |
|
|
of which: issuer headquartered in reporting country but located abroad |
|
|
0 |
|
|
(b) total currency and deposits with: |
|
|
|
|
|
(i) other national central banks, BIS and IMF |
13,531 |
7,375 |
20,907 |
|
|
ii) banks headquartered in the reporting country |
|
|
0 |
|
|
of which: located abroad |
|
|
0 |
|
|
(iii) banks headquartered outside the reporting country |
|
|
0 |
|
|
of which: located in the reporting country |
|
|
0 |
|
|
|
|
|||
|
(2) IMF reserve position 2 |
11,898 |
|||
|
|
|
|||
|
(3) SDRs 2 |
55,806 |
|||
|
|
|
|||
|
(4) gold (including gold deposits and, if appropriate, gold swapped) 3 |
11,041 |
|||
|
--volume in millions of fine troy ounces |
261.499 |
|||
|
|
|
|||
|
(5) other reserve assets (specify) |
4,752 |
|||
|
--financial derivatives |
|
|||
|
--loans to nonbank nonresidents |
|
|||
|
--other (foreign currency assets invested through reverse repurchase agreements) |
4,752 |
|||
|
B. Other foreign currency assets (specify) |
|
|||
|
--securities not included in official reserve assets |
|
|||
|
--deposits not included in official reserve assets |
|
|||
|
--loans not included in official reserve assets |
|
|||
|
--financial derivatives not included in official reserve assets |
|
|||
|
--gold not included in official reserve assets |
|
|||
|
--other |
|
|
|
|
read more
Source: U.S. Department of the Treasury
87% Increase In Fund Launches That Permit Use Of Derivatives
July 20, 2010--Analysis of new fund launches from independent financial research company Defaqto reveals an 87%
increase in the number of funds launched that permit the use of derivatives.
Fraser Donaldson, Insight Analyst for Funds at Defaqto said: “The use of derivatives as an investment
tool are growing in prominence which is not overly surprising given the uncertainty in the economic
and financial climate.
The decline in the launch of UK only investment funds is clearly linked to declining demand for the sector with many advisers seeking potentially better returns elsewhere.”
read more
Source: Defaqto
AdvisorShares Set to Launch First Actively Managed International ETF-WCM/BNY Mellon Focused Growth ADR ETF (AADR)
July 20, 2010--AdvisorShares Investments, LLC, an investment adviser to actively managed exchange traded funds (ETFs), announced that it will begin trading in the industry's first actively managed international ETF, the WCM/BNY Mellon Focused Growth ADR ETF (NYSE:AADR - News) tomorrow, July 21st. AADR is sub-advised by institutional money manager WCM Investment Management (WCM). BNY Mellon is the world's largest depositary for American Depositary Receipts (ADRs) and will provide the primary benchmark to the Fund as well as expertise within the ADR industry to the portfolio management team.
WCM will implement its investment strategy through the use of ADRs which may be attractive to U.S. investors for accessing international markets, but also provide convenience from a trading and settlement perspective.
"WCM Investment Management has experience with this strategy within other investment vehicles which follow this very thoughtful fundamental investment process to construct their portfolios. We are excited to bring investors special access to this unique, first of its kind strategy as well as to this institutional quality investment advisory firm," said Noah Hamman, CEO and Founder of AdvisorShares.
The investment objective of AADR is long-term capital appreciation above international benchmarks such as the BNY Mellon Classic ADR Index and the MSCI EAFE Index. AADR strives to provide a high-quality, large-cap growth portfolio for the non-U.S. universe. The portfolio, which includes developed and emerging markets, is purposely very different from international benchmarks and other international funds. WCM achieves this differentiation by concentration (20-30 holdings) and an emphasis on traditional growth sectors such as technology, healthcare and consumer staples/discretionary. The AADR portfolio management team seeks to invest in businesses that appear likely to benefit from long-lasting global trends (tailwinds), growing competitive advantages (a widening economic moat) and a superior corporate culture (great people). Finally, WCM recognizes the role valuation plays in investment returns and therefore seeks to pay a reasonable price for companies.
WCM Investment Management President and Co-CEO Paul R. Black said, "At WCM, our investment strategy is driven by timeless principles that we believe are poised to outperform extremely inefficient international benchmarks." Black added, "In bringing AADR to market with AdvisorShares, we can now offer our investment philosophy via an exchange traded vehicle which will be available to those institutional as well as retail investors who ordinarily would not have access to our firm."
Source: AdvisorShares
Direxion files Form S-1 with the SEC
July 20, 2010--Direxion has filed a Form S-1 with the SEC for the following
Direxion Daily Gold Bull 3X Shares
Direxion Daily Gold Bear 3X Shares
Direxion Daily Silver Bull 3X Shares
Direxion Daily Silver Bear 3X Shares
Direxion Daily Japanese Yen Bull 3X Shares
Direxion Daily Japanese Yen Bear 3X Shares
Direxion Daily Dollar Bull 3X Shares
Direxion Daily Dollar Bear 3X Shares
Direxion Daily Euro Bull 3X Shares
Direxion Daily Euro Bear 3X Shares
Direxion S&P 500® Dynamic VEQTOR Shares
read more
Source: SEC.gov
Dreyfus files with the SEC
July 20, 2010--Dreyfus has filed an application for exemptive relief with the SEC.
view filing
Source: SEC.gov
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
July 19, 2010--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Monday, July 19, 2010:
Brazauro Resources Corporation (TSXVN:BZO) will be removed from the index.
Pursuant to a Plan of Arrangement, the shares of the company will be exchanged for shares of Eldorado Gold Corporation (TSX:ELD).
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
NASDAQ Captures 59 New Listings Including 23 IPOs in the Second Quarter
July 19, 2010--The NASDAQ Stock Market® (Nasdaq:NDAQ) today announced that in the second quarter it captured 59 new listings, including 23 new initial public offerings (IPO), with combined proceeds totaling over $1.98 Billion.
NASDAQ listed nine of the 11 (81 percent) information technology companies that completed an initial public offering on a US market this quarter. Notable companies in this group include Mitel Networks Corporation (Nasdaq:MITL), which raised more than $147 million in proceeds on its first day of trading, Alpha and Omega Semiconductor Limited (Nasdaq:AOSL), and China-based HiSoft Technology International Limited (Nasdaq:HSFT).
Other notable IPOs in the second quarter include CBOE Holdings, Inc. (Nasdaq:CBOE), which raised more than $339 million in proceeds in its initial public offering, Tesla Motors, Inc. (Nasdaq:TSLA), the first IPO out of the automotive industry in more than 54 years, and THL Credit, Inc. (Nasdaq:TCRD).
read more
Source: NASDAQ OMX
Exchange-Traded Funds: US ETF Weekly Update-Morgan Stanley
July 19, 2010--Weekly Flows: $700 Million Net Inflows
ETFstraded $320 billion last week
9 New iSharesInternational Sector ETFs
4 New DirexionLeveraged & Inverse ETFs
ETFs had net cash inflows of $707 mlnlast week; 2ndweek in a row of net inflows
Weekly flows driven by Fixed Income ETFs-primarily resulting from flows into credit portfolios
EM Equity has experienced stronger flows vs. International Developed on a 1-, 4-, and 13-week basis
Over 1-, 4-, and 13-week period, Fixed Income had strongest net inflows
$24.5 bln net inflows into ETFs over past 13 weeks; Fixed Income up to 17% market share
US-Listed ETFs: Estimated Largest Flows by Individual ETF
QQQQ has the largest net inflows for US ETFs at $726 million last week
Over 13-week period GLD generated largest net inflows of any ETF, at $6.8 bln
VWO & EEM continue to lead emerging market flows, at $4.3 blnand $3.3 blnrespectively, over 13 weeks
request report
Source: Morgan Stanley
ISE Introduces New Options Order Type
Do Not Route Orders Provide ISE’s Customers With Increased Control
Over Order Execution
July 19, 2010--The International Securities Exchange (ISE) today announced that it has
introduced Do Not Route (DNR) orders for both priority and professional customers. This new order type
allows ISE’s customers to indicate that they want to cancel their options orders rather than have them
routed to another exchange if the National Best Bid or Offer (NBBO) is not posted at ISE.
“Transaction fees vary widely across the U.S. options exchanges, and this order type gives our customers
more flexibility and control over the access fees they pay to execute options transactions,” said Boris
Ilyevsky, managing director of ISE’s options exchange. “Our new DNR order type gives customers more
choice in how their transactions are handled.”
Customers can now designate market or limit orders as DNR at the time of entry. These orders will be
executed at the National Best Bid or Offer (NBBO) in whole or in part on ISE’s order book only. If ISE is
not posting the NBBO, ISE members have the opportunity to match or improve the NBBO through a stepup
auction to trade with the DNR order. Any balance of a DNR order that cannot be executed or placed
on ISE’s limit order book will be automatically cancelled. For more information, please contact ISE’s
Business Development team at bizdev@ise.com.
Source: International Securities Exchange (ISE)
Emerging Markets Week in Review- 7/12/2010 - 7/16/2010
July 19, 2010--The Dow Jones Emerging Markets Sector Titans Composite Index fell 0.71% last week as sovereign debt problems in developed markets continue to weigh on investor's expectations of sustained economic growth.
Consumer Services and Technology were the best performing sectors for the week, up 2.74% and 1.46% respectively, and continue to lead on a year to date basis. The Materials sector fell 2.45% last week and remains the worst performer in 2010.
read more
Source: Emerging Global Advisors
