Americas ETP News
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ISE Reports Business Activity for June 2013
July 1, 2013--ISE was the second largest equity options exchange in June with a market share of 16.7%, excluding dividend
Dividend trades made up 0.9% of industry volume in June 2013, the lowest monthly level on record since June 2010 when ISE started publishing daily statistics on the dividend trade practice.
For the month of June, Implied Order functionality accounted for 6.7% of all non-crossing, multi-legged contract volume executed on ISE.
The International Securities Exchange (ISE) today reported an average daily volume of 2.7 million contracts in June 2013. This represents an increase of 9.3% compared to June 2012. Total options volume for the month was 54.3 million contracts. ISE was the second largest U.S. equity options exchange in June with a market share of 16.7%*.
Business highlights for the month of June include:
On June 10, ISE announced the addition of three new members to its Board of Directors, and also announced six members were re-elected.
On June 11, members of ISE joined PureFunds to ring the Opening Bell® at the New York Stock Exchange, celebrating PureFunds' three exchange-traded funds.
On June 24, ISE announced that it was the first options exchange to enter into a licensing agreement with NationsShares®, a leading developer of option-enhanced and option-based indexes, to list options on the Nations VolDex® index (ticker: VOLI).
On June 27, ISE announced the launch of its partnership with BlueStar Indexes to develop a family of indexes and use them as the basis for exchange-traded products (ETPs) and other index-linked vehicles.
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Source: International Securities Exchange (ISE)
DB-US ETF Model Portfolios-Diversified Momentum Portfolio Update
July 1. 2013--Diversified Momentum Update as of Jun 28th, 2013
Most momentum portfolios delivered positive returns under June's market stress.
Market Performance
The US equity market (SPY) hit a speed bump in June. Similarly, the broad US Fixed Income market (BND), and the Commodity market (DBC) retreated by 1.84% and 2.82% during the same period, respectively. Model Portfolio Performance
Our Diversified Momentum Portfolio (DMP) rose by 1.49% in June. In the meantime, the equity market and our multi asset class benchmark were both down recording losses of 1.85% and 2.04%, respectively.
Portfolio Updates and New Membership
8 of the 20 DMP positions will change for July. In terms of portfolio weights, the asset class weights will suffer the following changes: Currencies will be the new top allocation with 40% (vs. 30%), followed by Commodities with 30% (vs. 40%), Treasuries with 20% (vs. 10%), and Global Sector with 10% (vs. 20%).
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Source: Deutsche Bank - Synthetic Equity & Index Strategy - North America
db X-trackers in US growth push
July 1, 2013--db X-trackers, the exchange-traded fund arm of Deutsche Bank, plans to almost double its US-listed ETFs over the next year, as it looks to grow in the region.
It currently has 12 ETFs listed in the US and $400m to $500m in assets under management, and plans to increase this to about 20 ETFs over the next 12 months. Martin Kremenstein, Deutsche Asset & Wealth Management Americas head of passive investments, said:
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Source: Financial News
It's Splitsville for These ETFs
When ETF sponsors decide to do a split or reverse split, they're catering to traders. And that can cause headaches for the retail investor.
June 29, 2013--It's one of the quirks of the exchange-traded-fund market: Share splits. They seem to crop up several times a year, pumping up or deflating the number of shares of a fast-moving ETF, altering the market price and shocking investors who aren't paying attention.
About all you need to know: Treat any such ETF—especially a reverse splitter—with caution. Better yet, avoid it entirely.
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Source: Barron's
Horizons ETFs announces final valuation for terminated ETF
June 28, 2013--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. (the "Manager") previously announced, by way of a press release dated April 26, 2013, that the Horizons Active North American Growth ETF (the "ETF") would be terminated effective upon the close of business today, June 28, 2013.
The ETF's final net asset value ("Final NAV") per unit is as follows:
Horizons Active North American Value ETF-Class E
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Source: Horizons ETFs Management (Canada) Inc.
WisdomTree Launches Japan Hedged SmallCap Equity Fund (DXJS) And United Kingdom (U.K.) Hedged Equity Fund (DXPS)
Evolving U.S. Fed and Central Bank Policies in Japan and United Kingdom Highlight Efficacy of Currency Hedged Exposure
DXJS Targets Japanese Small Caps for Domestic Demand
DXPS in Focus as Governor Mark Carney Assumes Leadership of Bank of England
June 28, 2013--WisdomTree, an exchange-traded fund ("ETF") sponsor and asset manager, today announced the launch of the WisdomTree Japan Hedged SmallCap Equity Fund (DXJS) and the United Kingdom (U.K.) Hedged Equity Fund (DXPS) on the NASDAQ Stock Market.
DXJS is designed to provide exposure to small capitalization stocks within Japanese equity markets while hedging exposure to the yen. DXPS is designed to provide exposure to United Kingdom equity markets while hedging exposure to the British pound.
Following U.S. Federal Reserve Chairman Ben Bernanke’s June 19 statements on potential Fed tapering purchases of U.S. bonds, interest rates rose and the U.S. dollar strengthened on expectations of an improving U.S. economy. Bernanke seems to have signaled the period of extraordinary monetary accommodation in the U.S. is coming to an end.
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Source: WisdomTree
S&P 500 posts best first half since 1998
June 28, 2013--The S&P 500 ended Friday's session with its strongest first half of any year since 1998 after reaching record highs in May on a rally underpinned by the Federal Reserve's massive monetary stimulus.
While the S&P 500 closed down for the month of June on concerns that the Fed might begin reducing its bond-buying program, the benchmark index ended the second quarter with a gain - marking its first positive second quarter in four years. The Dow Jones industrial average and the Nasdaq also dipped in June, but rose in the second quarter.
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Source: Reuters
U.S. Department of the Treasury Economic Statistics -Monitoring the Economy Update
June 28, 2013--The U.S. Department of the Treasury Economic Statistics-Monitoring the Economy report have been updated.
A href="http://www.treasury.gov/resource-center/data-chart-center/monitoring-the-economy/Documents/monthly%20ECONOMIC%20DATA%20TABLES.pdf" TARGET="_top">view the US Economic Data-Monthly (june 14, 2013)
view the US Economic Data-Quarterly (June 27, 2013)
Source: US Department of the Treasury
Peru: among top 10 emerging economies, strives to be second to none in sharing prosperity
June 28, 2013--When World Bank President Jim Yong Kim sets foot in Peru for his first stop in a 3-country visit, he will find a country in the big leagues of emerging economies, with sound levels of growth and its economic house in order.
Peru has made big strides in the fight against poverty in the past five years, thanks to positive economic indicators and sound fiscal policies. But the country still faces many challenges.
With growth estimated at around 6%, it is currently one of the most dynamic economies in Latin America, ranking eighth out of the 10 fastest growing economies in the world.
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Source: World Bank
CFTC.gov Commitments of Traders Reports Update
June 28, 2013--The updated current reports for the week of June 25, 2013 are now available.
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Source: CFTC.gov
