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US ETF Snapshot: January 2013
February 18, 2013--1,239 Exchange Traded Funds (ETFs)-with assets totaling $1.4TN-were managed by 38 ETF managers as of January 31, 2013.
Month over month, ETF assets increased $67.7BN, up 5.0%.
Gains of over $9BN in both the International-Developed and Size-Large Cap categories fueled a 5.0% increase in assets in January.
STATE STREET HIGHLIGHTS, JANUARY 2013
2013 Investment Themes: Income Investing Today
With the continued low rate environment, income-oriented investors are faced with a decision: Continue to accept low levels of current income (in many cases negative in real terms), or risk higher levels of price volatility in the income segment of the portfolio. But it is not all bad news. A global multi-asset income portfolio offers the prospect of positive real yields and diversification benefits. In addition, it has the potential for capital appreciation over time through exposure to dividend paying equities, real estate investments and new fixed income asset classes.
Asset Classes — Overall ,br>The S&P 500® Index returned 5.2%, while the MSCI EAFE® increased 5.3%. Commodities were positive, with the S&P GSCI® up 4.4% and Gold increasing 0.4%. US Bonds were negative with the Barclays US Treasury Index and the Barclays US Aggregate Index dipping 0.8% and 0.7%, respectively.
FLOWS
ETF flows topped $29BN in January. The International - Developed category and International - Emerging category both had a strong month attracting $5.4BN and $6.9BN in inflows. The Dividend/Fundamental category had $3.9BN of inflows in January.
Manager and Fund Detail
The top three managers in the US ETF marketplace were: BlackRock, State Street and Vanguard. Collectively, they account for approximately 84% of the US-listed ETF market.
The top three ETFs in terms of dollar volume traded for the month were the SPDR S&P 500 [SPY], iShares Russell 2000 [IWM] and PowerShares QQQ [QQQ].
For more information, including product fact sheets, related whitepapers or to read more visit www.spdrs.com
Source: State Street Global Advisors
Focus on execution and methodology creates winning products
February 18, 2013--Getting the execution right when managing a commodity ETF, irrespective of the underlying index it is tracking, is fundamentally important.
It’s something that Martin Kremenstein (pictured), CEO and CIO, Deutsche Bank Commodity Services LLC, and his team are fully focused on, particularly given the size of the firm’s flagship commodity ETF: DB Commodity Index Tracking Fund (DBC), which, with USD 7 billion in AUM, makes it the largest broad-based commodities ETF in the world.
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Source: Hedge Week
Swapping Index Partners
Competition among index creators is encouraging ETF sponsors to shop around for better benchmarks-and cheaper licensing deals. What it means for investors. Also, commission-free ETF trading, and a bevy of new funds.
February 16, 2013--"Fee war" or not, there's no denying big exchange-traded fund companies compete on cost.
The rivalries are extending beyond management fees to include brokerage commissions and, more
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Source: Barrons
ISE Receives "Most Innovative Exchange Technology-Options" Award at
February 15, 2013--The International Securities Exchange (ISE) announced today that it received the "Most Innovative Exchange Technology- Options" award at the Wall Street Letter 2013 Institutional Trading Awards.
Winners were determined by a panel of independent judges who evaluated the company’s level of innovation as it related to exchange technology. ISE’s 2012 technological enhancements included significant upgrades to PrecISE Trade® and OptimiseTM, the introduction of Implied Order Functionality, several key enhancements to improve risk management, and much more.
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Source: International Securities Exchange (ISE)
HNW Investors Say Economy Worse Since 2007
February 15, 2013--Two thirds of those with $5 million or more in investable assets believe the country is worse off now than it was in 2007, with the deficit, the national debt and high unemployment their top concerns, according to a Northern Trust survey.
However, when describing the state of their own finances, close to three-quarters of the 1,700 high-net-worth investors surveyed expressed confidence that they will achieve their financial goals. Forty-one percent cited improved investment returns as the main reason for their confidence.
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Source: Private Wealth Magazine
Guggenheim Investments to Close Nine Exchange Traded Funds (ETFs) in March
Firm Remains Committed to ETF Suite; Ranking as Eighth Largest U.S. ETF Provider is Unchanged
Affected Exchange Traded Funds Account for Approximately 1% of Guggenheim Investments' ETP Business
February 15, 2013--Guggenheim Investments, the investment management division of Guggenheim Partners, today announced that it will liquidate nine exchange traded funds (ETFs) in order to focus resources on products that have demonstrated the most marketplace demand.
Earlier this month, the Boards of Trustees of the Claymore Exchange Traded Fund Trust, the Claymore Exchange Traded Fund Trust 2 (together, the "Claymore ETF Trusts") and the Rydex ETF Trust approved the closing and subsequent liquidations of the selected ETFs. The average size of the nine closing ETFs is $16M, for a total of $144 million, roughly 1% of Guggenheim Investments' total $13.7 billion1 in exchange-traded assets as of January 31, 2013.
The last day of trading on the NYSE Arca, Inc. ("NYSE Arca") for shares of the following ETFs is expected to be on Friday, March 15, 2013:
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Source: Guggenheim Investments
CFTC.gov Commitments of Traders Reports Update
February 15, 2013--The current reports for the week of February 12, 2013 are now available.
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Source: CFTC.gov
BNY Mellon ADR Index Monthly Performance-January 2013 Update
February 15, 2013--The BNY Mellon ADR Index Monthly Performance-January 2013 Update has been publiched and is now available for review.
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Source: BNY Mellon
Treasury International Capital Data For December
February 15, 2013--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for December 2012. The next release, which will report on data for January 2013, is scheduled for March 15, 2013.
The sum total in December of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $25.2 billion. Of this, net foreign private inflows were $26.1 billion, and net foreign official inflows were negative $0.9 billion.
Foreign residents increased their holdings of long-term U.S. securities in December – net purchases were $76.5 billion. Net purchases by private foreign investors were $67.3 billion, and net purchases by foreign official institutions were $9.1 billion.
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Source: US Department of the Treasury
Mandatory clearing for OTC swaps to hit more than 200 funds
February 15, 2013--Nearly 80 fund managers with more than 200 funds will be required to clear their over-the-counter swaps starting March 11,
Lukas Becker and Matt Cameron write. Up to one-third of the entities facing mandatory clearing are not prepared.
Source: FIA SmartBrief
