Americas ETP News
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SEC money-market proposals will hurt U.S. municipalities-treasurers
September 17, 2013--A federal proposal to regulate money market funds will have indirect, costly and burdensome consequences for U.S. local governments and states, say state treasurers who are pressing the Securities and Exchange Commission to drop attempts at reforming the funds' valuations and withdrawals.
"The SEC's proposed rule changes would be detrimental to competition, efficiency, and capital formation for our members as well as cities, counties, and other municipal entities. We do not believe additional changes to money fund regulation are needed at this time," the National Association of State Treasurers wrote in a letter released on Tuesday.
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Source: Reuters
Stock-Options Trading Halted After Data Feed Problem
Technical Glitch Is Latest to Strike Critical Trading Systems
September 16, 2013--U.S. options trading briefly ground to a halt Monday afternoon due to a problem with a benchmark data feed supplying options prices to traders, the latest technology breakdown to strike systems critical to U.S. trading operations.
The market halted at about 1:40 p.m. EDT following an outage at the Options Price Reporting Authority, or OPRA, an electronic pipeline delivering information on options trades and quotes to brokers and investors.
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Source: Wall Street Journal
NYSE Euronext Announces Final Index Composition for Enhanced NYSE Arca Gold Miners Index
Now includes non-U.S. listed gold mining companies
Changes effective September 23, 2013
September 16, 2013--NYSE Euronext today announced an enhanced methodology for the NYSE Arca Gold Miners Index (GDM), the preeminent index covering the gold mining industry.
For the first time ever, the index will include non-U.S. listed companies and set a minimum market capitalization requirement of $750 million for component companies. The changes will be enacted at the next index rebalance effective before the open on Monday, September 23, 2013.
"The NYSE Arca Gold Miners Index is the leading benchmark covering the gold mining industry for the community of market participants and exchange traded product issuers on our exchange," said Dwijen Gandhi, managing director, Global Index and Exchange-Traded Products.
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Source: NYSE Euronext
S&P 500 breaks back above 1,700
September 16, 2013--The S&P 500 broke back above the 1,700 level in intraday trading on Monday as US equities rallied and bond yields fell following news that Lawrence Summers withdrew his name for consideration as the next Federal Reserve chairman.
Real estate stocks were the primary beneficiaries of the rally as the US 10-year Treasury yield fell sharply early but rebounded to finish only 2 basis points lower. The moves encouraged investors about the prospects of a continued US housing recovery.
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Source: FT.com
DB-Synthetic Equity & Index Strategy-North America-US ETF Market Weekly-Markets and $17.6bn inflows push assets higher by 2.7%
September 16, 2013--Data in this report is as of Fri, Sep 13
Market and Net Cash Flows Review
Markets reacted positively to the latest developments in Syria. The US (S&P 500) edged higher by 1.98%; while, outside the US, the MSCI EAFE (in USD) and the MSCI EM (USD) rose by 2.45% and 3.31%,respectively.
In the meantime, performance was positive across US sectors. Industrials (+2.98%) and Consumer Discretionary (+2.69%) recorded the biggest gains; The DB Liquid Commodity Index fell by 1.52%. In the meantime, the Agriculture sector (DB Diversified Agriculture Index) rose by 0.61%; while the WTI Crude Oil, Gold and Silver prices dropped by 2.10%, 4.71% and 6.88%, respectively. Moving into other asset classes, the 10Y US Treasury Yield dropped 4bps ending at 2.90%. Last but not least, Volatility (VIX) dropped by 10.66% during the same period.
The total US ETP flows from all products registered $17.6bn (+1.2% of AUM) of inflows during last week vs. $2.8bn (-0.2%) of outflows the previous week, setting the YTD weekly flows average at +$2.9bn (+$107.8bn YTD in total cash flows).
Equity, Fixed Income and Commodity ETPs experienced flows of +$17.0bn (+1.5%), +$0.9bn (+0.3%) and -$0.4bn (-0.5%) last week vs. -$5.9bn (-0.5%), +$2.9bn (+1.2%) and +$0.2bn (+0.2%) in the previous week, respectively.
Among US sectors, Industrials (+$0.6bn, +5.9%) and Information Technology (+$0.4bn, +2.0%) received the top inflows, while Telecommunication Services (-$0.0bn, -2.1%) experienced the only outflows.
Top 3 ETPs & ETNs by inflows: SPY (+$4.8bn), EEM (+$2.7bn), IWM (+$0.9bn)
Top 3 ETPs & ETNs by outflows: GLD (-$0.3bn), LQD (-$0.2bn), TIP (-$0.2bn)
New Launch Calendar: No new listings
There were no new listings during last week.
Turnover Review: Floor activity increased by 8.7%
Total weekly turnover increased by 8.7% to $257.7bn vs. $237.0bn from the previous week. However, last week's turnover level was 4.4% below last year's weekly average. Equity and Commodity ETPs turnover increased by $23.5bn (+11.5%) and $1.2bn (+13.5%), respectively; while Fixed Income ETPs turnover decreased by $3.9bn (-17.6%) during the same period.
Assets under Management (AUM) Review: assets rose by $40.3bn
US ETP assets rose by $40.3bn (+2.7%) totaling $1.523 trillion at the end of the week. As of last Friday, US ETPs had accumulated an asset growth of +14.2% YTD. Assets for Equity, Fixed Income and Commodity ETPs moved +$42.1bn, +$1.7bn and -$3.6bn during last week, respectively.
Visit https://eqindex.db.com/etf/ for more info.
Source: Deutsche Bank-Synthetic Equity & Index Strategy-North America
MSCI Launches New Platform to Measure Liquidity Risk Across Asset Classes
MSCI Launches New Platform to Measure Liquidity Risk Across Asset Classes
LiquidityMetrics Sets Standard for Liquidity Analytics
September 16, 2013--MSCI Inc. (NYS: MSCI), a leading provider of investment decision support tools worldwide, today announced the launch of LiquidityMetrics,
the first commercially available tool for measuring liquidity risk across asset classes, delivered through RiskMetrics RiskManager.
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Source: Dailyfinance.com
Deutsche Asset & Wealth Management Announces Delisting of Five ETNs on the Toronto Stock Exchange
September 14, 2013--Deutsche Asset & Wealth Management (DeAWM) announced today that, after September 20, 2013,, the following five Exchange-Traded Notes (ETNs), which are issued by Deutsche Bank AG, will no longer be listed on the Toronto Stock Exchange (TSX).
The ETNs will continue to be listed on the NYSE Arca, Inc. (NYSE Arca).
TSX Product: PowerShares DB Agriculture Double Long Exchange Traded Notes
TSX Symbol: DAA
NYSE ARCA Symbol: DAG
CUSIP: 25154H558
Product: PowerShares DB Agriculture Double Short Exchange Traded Notes
TSX Symbol:DAD
NYSE ARCA Symbol: AGA
CUSIP: 25154H566
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Source: Financial Post
Twitter's short and simple tweet fails to answer key questions
September 13, 2013--A tweet running to 135 characters was all it took late on Thursday to launch one of the year's biggest financial stories: that Twitter has taken the first steps towards an
initial public offering.
The complete absence of further information about the proposed share sale, however, left potential investors in the dark about key facts such as the state of the company's business, how it plans to handle the share sale or how much money it hopes to raise.
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Source: FT.com
A World of Alternatives- Consultanat 360
September 13, 2013--The shift from traditional to alternative investments has surged with an industry now hovering at $2.4 trillion and clients earmarking 25% of their allocations to these vehicles.
Clients are counting on you to help them navigate through new regulations and the bandwidth of offerings available. Click on the video link below to hear Samir Pandiri and Jim Whitaker's take on how institutional investors are reconsidering their asset-allocation strategies, managing risk and balancing liquidity with returns.
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Source: Consultanat 360 BNY Mellon
CFTC.gov Commitments of Traders Reports Update
September 13, 2013--The current reports for the week of September 10, 2013 are now available.
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Source: CFTC.gov
