Americas ETP News
If your looking for specific news, using the search function will narrow down the results
WisdomTree Announces Changes to ETF Family
October 19, 2012--WisdomTree, an exchange-traded fund ("ETF") sponsor and asset manager with approximately $16.9 billion in ETF assets under management, announced today it plans to close three of its ETFs.
The designated funds represent approximately 0.15% of WisdomTree’s ETF assets.
The Board of Directors of the WisdomTree Trust approved the closures on October 17, 2012. The final day of trading on the NYSE Arca will be Monday, December 3, 2012.
view more
Source: WisdomTree
CFTC.Gov Commitments Of Traders Reports Update
October 19, 2012--The current reports for the week of October 16, 2012 are now available.
view updates
Source: CFTC.gov
Group pushes US House Republicans to get position limits in place
October 18, 2012--A financial reform group is pressing key US House Republicans to enact position limits in commodity markets, despite a court ruling which essentially overturned them.
In a letter sent to four Republicans on the House of Representatives' Committee on Financial Services Thursday, the group wrote that the imposition of position limits "is vital for the proper functioning of the commodities markets," and said the US Commodity Futures Trading Commission was following the intent of Congress when it attempted to put them in place this month.
"Putting aside the court's ruling, we believe there is more than adequate evidence of excessive speculation, and more than adequate evidence that market opacity and excessive speculation have been disruptive to commodity markets and diminished confidence in these markets," the Commodity Markets Oversight Coalition wrote in the letter.
read more
Source: Platts
S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices
A Deletion From The S&P/TSX Venture Composite Index
October 22, 2012--S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
On October 18, 2012, the shareholders of Pine Cliff Energy Ltd. (TSXVN:PNE) and Geomark Exploration Ltd. (TSXVN:GME) approved the previously announced business combination whereby Pine Cliff Energy will acquire Geomark Exploration.
Geomark Exploration shareholders will receive 1.5 common share of Pine Cliff Energy for each share held. Geomark Exploration will be removed from the S&P/TSX Venture Composite Index after the close of trading on Monday, October 22, 2012.
Source: S&P Canadian Index Services
Vanguard lists 21 funds on Cofunds
Range of passive funds to be made available to 13,000 Cofunds users
October 18, 2012--Vanguard has struck a deal with Cofunds to list 21 of its funds on the platform.
The listings include Vanguard’s five multi-asset LifeStrategy funds, launched in June 2011, as well as seven single-asset passive funds and nine Ireland-domiciled portfolios.
read more
Source: FT.Advisor
S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices-A Deletion From The S&P/TSX Global Gold And Global Mining Indices
October 18, 2012--S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Avion Gold Corporation (TSX:AVR) have accepted the share exchange offer from Endeavour Mining Corporation (TSX:EDV) whereby Avion Gold shareholders will receive 0.365 shares of Endeavour Mining for each share held.
Avion Gold will be removed from the S&P/TSX Global Mining and Global Gold Indices effective after the close of Monday, October 22, 2012. At the same time, the relative weight of Endeavour Mining will increase in the same indices to reflect the issuance of the new shares.
Source: S&P Canadian Index Services
CME to buy rival Kansas City exchange, heading off ICE
October 17, 2012--CME Group Inc (CME.O) on Wednesday agreed to buy the Kansas City Board of Trade for $126 million in cash, cementing CME's dominance in world grain futures markets and keeping rival IntercontinentalExchange (ICE.N) from gaining an important foothold.
It is CME's first exchange purchase in five years since it wrapped up a buying spree that put the Chicago Mercantile Exchange, the Chicago Board of Trade and the energy-focused New York Mercantile Exchange all under its control.
read more
Source: Reuters
UBS launches ETN with high monthly income potential and leveraged exposure to mortgage REITs
ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN
October 17, 2012--UBS Investment Bank announced that today is the first day of trading on the NYSE
Arca for the ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSE: MORL).
MORL is linked to the monthly compounded 2x leveraged performance of the Market Vectors(R) Global Mortgage REITs Index (the “Index”), reduced by investor fees.
MORL Profile
Income Potential Variable monthly coupon linked to 2 times the cash distributions, if any, of the Index constituents, less any withholding taxes
2x Index Yield* 24.82%
Underlying Index Market Vectors(R)Global Mortgage REITs Index
Leverage 2x Leverage with Monthly Reset
Based on 2 times the Index dividend yield calculated as of September 30, 2012 by Market Vectors. Investors are not guaranteed any coupon or distribution.
view mmore
Source: UBS
Fink says ETF price war a 'myth'
October 17, 2012--Larry Fink, chief executive of BlackRock, dismissed talk of a price war among exchange traded fund providers as the world's largest fund manager announced third quarter results on Wednesday.
“There is no price war. We have to move on from this myth about a price war,” said Mr Fink.
read more
Source: FT.com
Vanguard Files Final Prospectus to Broaden Low Cost ETF Line-Up
October 17, 2012--Vanguard Investments Canada Inc. announced today that a final prospectus for five new Canadian-domiciled exchange-traded funds (Vanguard ETFs) has been receipted by the securities regulatory authorities.
Vanguard expects to list the new ETFs on Toronto Stock Exchange (TSX) subject to meeting all regulatory and TSX requirements.
view more
Source: Vanguard
