Americas ETP News
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ETF Issuer Solutions Launches Distribution Platform for Alpha Managers
November 14, 2013-- ETF Issuer Solutions Inc. ("ETFis") announced Thursday the launch of its comprehensive exchange traded fund services platform. The firm's technology-driven ETF services model includes the "exemptive relief" and series trust framework required to launch new ETFs and a next-generation fund distributor to manage sales, marketing, and compliance.
William Smalley, President of ETFis, said, "The one-stop ETFis platform reduces barriers to entry for both emerging and established managers, minimizes operating inefficiencies, and allows our investment manager clients to focus on what they do best -generating alpha."
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Source: ETF Issuer Solutions Inc.
Citi pounces on novel Colombian ETF
November 13, 2013--Cititrust Colombia S.A. has been appointed by Horizons Exchange Traded Funds to provide global custody and fund administration services for its newly-launched Fondo Bursátil Horizons MILA 40 de S&P (the Horizons MILA 40 ETF).
The Horizons MILA 40 ETF is the first exchange traded fund to give Latin American investors the opportunity to access forty of the largest and most liquid stocks listed on the Colombia, Peru and Chile stock exchanges.
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Source: assetservicingtimes.com
NASDAQ OMX Launches Fourteen New Indexes In The NASDAQ Newfound Index Family
November 13, 2013--The NASDAQ OMX Group,Inc. has introduced fourteen new indexes in the NASDAQ Newfound Index Family.
The NASDAQ Newfound Index Family features rules-based, quantitatively enabled investment strategies created by Newfound Research LLC and tracks specific investment strategies through the use of exchange--raded funds (ETFs). The indexes are designed to utilize ETFs to allow for specific outcomes to be achieved as an overlay on a broad market experience.
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Source: NASDAQ OMX
S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices
A Deletion From The S&P/TSX Venture Composite And Venture Select Indices
November 13, 2013-- S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of TriOil Resources Ltd. (TSXVN:TOL) have agreed to the terms of an Arrangement Agreement with ORLEN Upstream International B.V. Shareholders of TriOil will receive $CDN2.85 cash for each share held.
The company will be removed from the S&P/TSX Venture Composite and Venture Select Indices after the close of trading on Thursday, November 14, 2013.
Source: S&P Dow Jones Indexes
UBS Launches Exchange-Traded Note with Significant Monthly Income Potential and 2x Leveraged Exposure to a Diversified, Multi-Asset Index
November 13, 2013--UBS Investment Bank announced that today is the first day of trading on the NYSE Arca(R) for the ETRACS Monthly Pay 2x Leveraged Diversified High Income ETN (NYSE:DVHL).
DVHL is linked to the monthly compounded 2x leveraged performance of the NYSE(R) Diversified High Income Index (the "Index"), reduced by investor fees.
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Source: Wall Street Journal
Global X Funds Launches First Portugal ETF
November 13, 2013--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X FTSE Portugal 20 ETF (NYSE Arca: PGAL). This is the first ETF on the market to focus exclusively on Portugal, tracking the FTSE Portugal 20 Index.
The FTSE Portugal 20 Index represents the performance of 20 of the largest Portuguese listed companies ranked by full market capitalization. The underlying equities trade on NYSE Euronext Lisbon.
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Source: Global X
CBOE Russell 2000 Volatility Index Futures And Options Launch Dates Announced
New Products Offer Volatility Trading on Premier Measure of Small-Cap U.S. Stocks
November 12, 2013--CBOE Holdings, Inc. (NASDAQ: CBOE) today announced it will launch futures and options on the CBOE Russell 2000(R)Volatility Index in coming weeks.
CBOE Futures Exchange (CFE) will begin trading the futures (ticker: VU) on Monday, November 18, and Chicago Board Options Exchange (CBOE) plans to introduce trading in the options (ticker: RVX) on Monday, December 2.
The Russell 2000(R) Index is the premier measure of the performance of small-capitalization U.S. stocks and an effective gauge and play on the health of the U.S. economy -- 84 percent of the revenues generated by the companies in the index come from within the U.S.
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Source: CBOE
SPDR ETF Industry Guide -Q3 2013
November 12, 2013--QUARTERLY ETF INDUSTRY GUIDE
Get the Latest Facts on Every Available ETF
1,507 funds across 5 asset classes and multiple categories
Corporate bonds. Dividend-producing equities. Sectors. Commodities. Name almost any asset class and ETFs give you a range of low-cost1, transparent investment options.
Sort through your choices quickly and easily with the ETF Industry Guide, which now includes more specific and intuitive fund classifications. The guide still offers the full lineup of virtually every ETF provider, with key facts about each fund, updated quarterly.
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Source: spdru.com
DB-Synthetic Equity & Index Strategy -North America-US ETF Market Weekly Review-ETP assets down by $5.8bn amid flat flows
November 12, 2013--Data in this report is as of Fri, Nov 8th
Market and Net Cash Flows Review
Markets were mixed during last week. The US (S&P 500) edged higher by 0.51%; while, outside the US, the MSCI EAFE (in USD) and the MSCI EM (USD) dropped by 0.64% and 3.15%, respectively. In the meantime, performance was mostly positive across US sectors. The Materials (+1.17%) and Financials (+1.07%) sectors recorded the largest weekly gains; while the Utilities (-0.42%) and Consumer Discretionary (-0.40%) sectors recorded the only decreases.
The DB Liquid Commodity Index fell by 0.51%; similarly, the Agriculture sector (DB Diversified Agriculture Index), the WTI Crude Oil, Gold and Silver prices fell by 0.18%, 0.01%, 2.10% and 1.68%, respectively. Moving into other asset classes, the 10Y US Treasury Yield rose by 12 bps ending at 2.77%. Last but not least, Volatility (VIX) dropped by 2.86% during the same period.
The total US ETP flows from all products ended flat during last week vs. $0.9bn (+0.1%) of inflows the previous week, setting the YTD weekly flows average at +$3.3bn (+$150.0bn YTD in total cash flows).
Equity, Fixed Income and Commodity ETPs experienced flows of -$0.5bn (-0.0%), +$0.2bn (+0.1%) and +$0.2bn (+0.3%) last week vs. +$0.8bn (+0.1%), +$0.4bn (+0.2%) and -$0.3bn (-0.4%) in the previous week, respectively.
Among US sectors, Industrials (+$0.2bn, +1.8%) and Consumer Discretionary (+$0.2bn, +1.7%) received the top inflows, while Energy (-$0.2bn, -0.6%) and Financials (-$0.1bn, -0.2%) experienced the largest outflows.
Top 3 ETPs & ETNs by inflows: SSO (+$1.4bn), EFA (+$1.2bn), IVV (+$1.2bn)
Top 3 ETPs & ETNs by outflows: SPY (-$2.5bn), IWM (-$2.2bn), UWM (-$1.4bn)
New Launch Calendar: China A-Shr, currency and treasury hedged, IG and EM
There were six new ETFs listed during the previous week. The new products offer the first non-derivative exposure to China A-Share market, global real estate, treasury-hedged IG debt, frontier and emerging markets and currency-hedged Korean market.
Turnover Review: Floor activity decreased by 6.1%
Total weekly turnover decreased by 6.1% to $297.2bn vs. $316.6bn from the previous week. However, last week's turnover level was 10.2% over last year's weekly average. Equity, Fixed Income and Commodity ETPs turnover decreased by $17.1bn (-6.0%), $0.9bn (-4.7%) and $1.9bn (-22.3%) during the same period, respectively.
Assets under Management (AUM) Review: assets decreased by $5.8bn
US ETP assets dropped by $5.8bn (-0.4%) totaling $1.608 trillion at the end of the week. As of last Friday, US ETPs had accumulated an asset growth of +20.6% YTD. Assets for Equity, Fixed Income and Commodity ETPs moved -$4.6bn, -$0.6bn, -$0.6bn during last week, respectively.
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Source: Deutsche Bank-Synthetic Equity & Index Strategy-North America
ISE Announces Highest Daily FX Options Volume, Year-to-Date
November 11, 2013--The International Securities Exchange (ISE) today announced that 5,328 Foreign Exchange (FX) Options contracts were traded on Friday, November 8, 2013, the highest FX Options volume, year-to-date.
Boris Ilyevsky, Managing Director of ISE's Options Exchanges said, "Through ISE, investors have access to the full suite of the most actively traded currency pairs, in a cash-settled options product. With tight markets, quoted in penny ticks by competing liquidity providers, ISE's FX Options offer investors an exchange-listed and centrally cleared alternative to other FX products available to the retail and professional markets."
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Source: International Securities Exchange (ISE)
