Americas ETP News
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iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Materials Sector Index Fund
Ticker:AXMT
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Source: SEC.gov
iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Information Technology Sector Index Fund
Ticker:AXIT
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Source: SEC.gov
iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Industrials Sector Index Fund
Ticker: AXID
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Source: SEC.gov
iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Health Care Sector Index Fund
AXHE
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Source: SEC.gov
iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Energy Sector Index Fund
Ticker: AXEN
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Source: SEC.gov
iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
MSCI All Country World ex USA Consumer Staples Index
Ticker: AXSL
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Source: SEC.gov
iShares files with the SEC
July 8, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares MSCI ACWI ex US Consumer Discretionary Sector Index Fund
Ticker: AXDI
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Source: SEC.gov
NFA looks to regulate funds operating managed futures
July 8, 2010--A US regulator is seeking to extend its reach to cover mutual funds sold to retail investors which operate an arcane hedge fund trading strategy called managed futures.
The National Futures Association, an industry-funded watchdog for futures investors, wants to re-assert oversight of mutual funds that primarily trade futures contracts, leveraged derivatives whose value is linked to the future value of markets from commodities to interest rates. The association had these powers until 2003.
The proposal comes as small investors see a proliferation of mutual funds specialising in futures as a means of diversifying from equities or bonds or betting on a long-term rise in commodity prices. AQR, the quantitative fund manager, and JPMorgan are among the companies whose mutual funds are targeted in the NFA proposal.
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Source: FT.com
AdvisorShares Set to Launch First Actively Managed Long/Short ETF
July 8, 2010-- AdvisorShares Investments, LLC, a leading sponsor of actively managed ETFs, today announced that it will begin trading in the industry's first actively managed long/short ETF, the Mars Hill Global Relative Value ETF /quotes/comstock/13*!grv (GRV 25.49, +0.14, +0.55%) tomorrow, July 9th. GRV is sub-advised by Mars Hill Partners, LLC, an SEC-registered Investment Adviser and an affiliate of private wealth manager Huntley Thatcher Ellsworth, Ltd.
GRV employs a "Relative Value" approach created and managed by Mars Hill Partners, which combines long positions in the most attractive country, sector and industry ETFs, with an equal dollar amount short in the least attractive country, sector and industry ETFs. This core long/short portfolio construction is designed to reduce downside volatility and drawdown risk caused by the directional influence of the global equity markets and instead strives to profit from the performance spread between its long and short positions. These relative value spreads are prevalent throughout both rising and falling market environments, enabling GRV to potentially generate more consistent returns over time than a conventional long-only approach.
"GRV has an institutional-caliber investment strategy that is designed to pursue consistent positive absolute returns regardless of the direction of the stock market or interest rates. We are excited to bring investors access to this compelling investment strategy through an actively managed ETF," said Noah Hamman, CEO and Founder of AdvisorShares.
Founder and Chief Investment Officer of Mars Hill Partners, Jason Huntley said, "We are very excited to partner with AdvisorShares to package and launch GRV given the underlying merits of our long/short investment strategy when combined with the daily liquidity, fully transparent and tax efficiency benefits of an NYSE-listed ETF. Historically, strategies like ours have been accessible primarily through separate accounts or private hedge funds, neither of which offers anywhere near the benefits of the ETF package which includes transparency."
Source: AdvisorShares
NYSE Amex Options To Add Five Firms To E-Specialist Program - Timber Hill, Integral Derivatives, Wolverine Trading, Morgan Stanley And Susquehanna Securities - Adding Liquidity, Increasing Trading Opportunities And Narrowing Spreads For All Customers
July 8, 2010--NYSE Amex options today announced that on Monday, July 12 it will add five new firms to its e-Specialist program that initially began in February 2010. As new e-Specialists in approximately 650 option classes, Timber Hill, Integral Derivatives, Wolverine Trading, Morgan Stanley and Susquehanna Securities will be subject to NYSE Amex options market making conditions and heightened quoting requirements. e-Specialists are off-floor market makers that function alongside traditional Specialists and Market Makers within the exchange’s state-of-the-art hybrid trading platform to provide liquidity across more than 240,000 options series based on 1,932 underlying securities.
“The launch and expansion of the e-Specialist program is another innovative way that NYSE Amex options is working with its order flow providers, customers and market participants to create a uniquely competitive market model,” said Steve Crutchfield , CEO, NYSE Amex. “We are proud to welcome Timber Hill, Integral Derivatives, Wolverine, Morgan Stanley and Susquehanna Securities to the e-Specialist program. This benefits our customers and the broader market by increasing liquidity, enhancing efficiency and creating a diverse, highly-active trading environment for all our customers.”
These firms join the five existing e-Specialist firms of Citadel Securities, Goldman Sachs, UBS Securities, Citigroup Derivatives Markets, and Barclays Capital. NYSE Amex options provides customers with a distinct, customer-driven hybrid marketplace that offers exceptional technology combined with a proven open-outcry trading environment. As one of two competing U.S. options exchanges operated by NYSE Euronext, it provides customers with a valuable platform to trade options with reliability, transparency and efficiency. NYSE Euronext's U.S. options exchanges, NYSE Arca and NYSE Amex options utilize industry leading open outcry trading facilities with an advanced electronic trading platform capable of processing 400,000 orders and 3,500,000 quotes per second with 2 millisecond acknowledgment (ACK) times.
Source: NYSE Euronext
