Americas ETP News
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iShares Launches Three New International ETFs
January 17, 2012--Despite a rash of ETF closures at the end of 2011, many issuers are once again launching new products to the public in hopes of capturing more assets.
These recently debuted products target a variety of sectors in a number of asset classes with funds in the bond and international equity spaces being the most heavily represented in this newest ETF wave.
In this vein, iShares, the San Francisco-based market leader in the ETF industry, announced the launch of three new funds late last week, hoping to increase its lead in the international ETF space.
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Source: Zacks.com
State Street files with the SEC
January 17, 2012--State Street has filed a post-effective amedment, registration statement with the SEC for the SPDR® INDEX SHARES FUNDS.
view filing
Source: SEC.gov
Morgan Stanley-ETF Weekly Update
January 17, 2012--US ETF Weekly Update
Weekly Flows: $6.9 Billion Net Inflows
ETF Assets Stand at $1.1 Trillion, up 3.5% YTD
SPDR S&P 500 ETF (SPY) Short Interest Declined $17.2 Bln Since Last Reported
12 ETF Launches Last Week
US-Listed ETFs: Estimated Flows by Market Segment
ETFs posted net inflows for the fourth consecutive week ($23.4 bln in net inflows over the period)
Despite the 1st quarter historically being more difficult from a flow perspective, last week, ETFs generated net inflows of
$6.9 bln
US Sector & Industry ETFs led the way, exhibiting net inflows of $2.1 bln last week
ETF assets stand at $1.1 tln, up 3.5% YTD
13-week flows were mostly positive among asset classes; combined $47.1 bln net inflows
Over the past 13 weeks, US Dividend Income ETFs have generated net inflows that equate to 19% of their market cap
Fixed Income ETFs have consistently generated weekly net inflows (22 consecutive weeks of net inflows)
US-Listed ETFs: Estimated Largest Flows by Individual ETF
PowerShares QQQ (QQQ) posted net inflows of $1.3 bln last week, the most of any ETF
Corporate bond ETFs occupied 3 of the top 10 spots of ETFs to post large net inflows last week
Despite last week’s net outflows of $1.0 bln, SPDR S&P 500 ETF (SPY) has exhibited net inflows of $4.1 bln over the
past 13 weeks, the most of any ETF
Only 13% of ETFs posted net outflows last week
US-Listed ETFs: Short Interest
Data Updated: Based on data as of 12/30/11
SPY exhibited the largest decline in USD short interest since last updated
$17.2 billion in reduced short interest
Lowest level of shares short for SPY since 2/15/11
XRT’s shares short divided by shares outstanding in excess of 400%
Retail continues to be one of the most heavily shorted areas of the ETF market
Based on multiple borrowings and the ability to continuously create new shares, short interest as a % of market cap can exceed 100%
US-Listed ETFs: Most Successful Recent Launches by Assets
Data estimated as of 1/13/12 based on daily change in share counts and daily NAVs.
$7.7 billion in total market cap of ETFs less than 1-year old
Over the past 13 weeks, newly launched US Dividend Income ETFs generated most net inflows at $807 mln
12 new listings in 2012; 225 new ETF listings and 26 liquidations in 2011
Over past year, Schwab accounted for 3 of the top 10 most successful launches
7 different ETF sponsors and 2 asset classes represented in top 10 most successful launches
iShares High Dividend Equity Fund (HDV) and PowerShares S&P 500 Low Volatility Portfolio (SPLV) each have market caps in excess of $1 bln
Top 10 account for 54% of market cap of ETFs launched over the past year
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Source: Morgan Stanley
First Trust files with the SEC
January 17, 2012--First Trust has filed a post-effective amendment, registration statement with the SEC for the First Trust Emerging Markets Small Cap AlphaDEX Fund
First Trust Developed Markets ex-US Small Cap AlphaDEX Fund.
view filing
Source: SEC.gov
..Canadian ETF Industry Reports $3 Billion in Sales During Last Quarter
January 16, 2012--According to the Canadian ETF Association (CETFA), Canadian-listed exchange traded funds continued to show strong sales for the fourth quarter of 2011 (Q4). The latest Quarterly ETF Asset Flow Report shows that the Canadian ETF Industry had nearly $3 billion in net new sales during Q4, finishing 2011 with more than $7.6 billion in net new sales.
Despite difficult market conditions in 2011, strong sales helped Canadian ETF assets grow by nearly 13 per cent to slightly more than $43.1 billion .
Each quarter the CETFA compiles the sales data for the entire Canadian ETF industry. In order to determine net sales, the CETFA looks at the amount of money that is used for net creations, or the creation of new ETF units. If any ETF experiences net creations, it means more units of that ETFs are being bought than sold. If the industry is in net creations, positive sales are occurring. If it is in net redemptions, money is flowing out of the industry.
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Source: Canadian ETF Association
Sprott announces new platinum, palladium fund
January 16, 2012--Sprott Inc is to launch a new $115 million physically-backed exchange-traded fund (ETF) investing in platinum and palladium.
It will allow retail and institutional investors to gain exposure to metal spot prices without having to collect and store the metals, Reuters reports.
The ETF will be a long-term consideration and will not involve short-term speculation on price fluctuations, according to a preliminary prospectus lodged at the US Securities and Exchange Commission last week.
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Source: Platinum Today
Bovespa Clearing Stranglehold Faces Challenge
January 16, 2012--Direct Edge, the fourth-largest US exchange operator, has insisted that access to clearing at Brazil’s biggest exchange operator should be opened up in the interest of competition.
BM&FBovespa, which runs a near monopoly on equities and derivatives trading, is refusing to open its clearing arm to outsiders in a stance rivals say will stifle competition.
The issue has become a focus of traders interested in the Brazilian market since competition against established exchanges has swept most other markets, with few barriers to usage of clearing systems.
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Source: CalibratedConfidence.com
PowerShars files with the SEC-PowerShares [Commodity Rotation Portfolio]
January 13, 2012--PoweShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares [Commodity Rotation Portfolio]. The PowerShares [Commodity Rotation] Portfolio is an actively managed exchange traded fund.
view filing
Source: SEC.gov
PowerShares files with the SEC
January 13, 2012--PoweShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares [Equity Allocation] Portfolio. The PowerShares [Equity Allocation] Portfolio is an actively managed exchange traded fund.
view filing
Source: SEC.gov
CFTC Commitments of Traders Reports Update
January 13, 2012--The current reports for the week of January 10, 2012 are now available.
view updates
Source: CFTC.gov
