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Global X Funds To Liquidate 4 ETFs
September 21, 2012--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today announced the scheduled liquidation of the following Global X Funds ETFs:
Global X Aluminum ETF (NYSE: ALUM)
Global X Auto ETF (NYSE: VROM)
Global X NASDAQ 500 ETF (NASDAQ: QQQV)
Global X NASDAQ 400 Mid Cap ETF (NASDAQ: QQQM)
The Funds combined represent less than 1% of the assets of the Global X Funds. The Board of Trustees of Global X Funds unanimously determined on September 20, 2012 that it was in the best interests of the Funds and their shareholders to liquidate each of the Funds.
The Funds will cease trading at the end of the trading day on October 18, 2012 and will liquidate on October 26, 2012. Any person holding shares in the Funds as of the liquidation date of October 26, 2012 will receive a cash distribution equal to the net asset value of their shares as of that date. Global X Management Company, LLC, the adviser to the Funds, will bear all fees and expenses that may be incurred in connection with the liquidation of the Funds and the distribution of cash proceeds to investors, other than brokerage fees and expenses.
For additional information about the liquidation, shareholders of the Funds may call 1-888-GX-FUND-1 (1.888.493.8631
Source: Global X
ISE and MEB Options Introduce Spread Crawler
A New Tool that Provides Insight on Real-Time Spread Orders via Instant Message
September 20, 2012--
The International Securities Exchange (ISE) today announced that it has partnered with MEB Options to introduce Spread CrawlerTM, a new tool that provides powerful insight through Instant Messaging (IM) into the entire universe of real-time actionable spread orders.
This unique product aggregates streaming spread book data from all options exchanges and transmits individual, user-defined spread orders to subscribers via IM. Spread Crawler simplifies the monitoring of live spread book feeds, while displaying spreads that satisfy customized pre-defined parameters.
“Our partnership with MEB Options represents the first step in expanding ISE’s product offerings to include a suite of unique trading tools and analytical capabilities,” said Gary Katz, President and CEO of ISE. “MEB has developed a simple but powerful user tool that supports this high-growth segment of the options market, and we are extremely gratified that they selected ISE as a partner to expand the reach of this compelling product offering.”
read more Sen. Reed calls for review of markets in wake of glitches read more CFTC.gov Commitments of Traders Reports Update The Fed calls the tune in bond markets read more SEC no match for high-tech traders read more WisdomTree Launches First China Dividend ex-Financials Fund (CHXF)
Luciano Siracusano, WisdomTree Chief Investment Strategist, stated "The case for investing in China has become increasingly apparent to investors, but we believe some of the most popular China index-based strategies fail to offer diversified exposure. In fact, the FTSE China 25 Index1 -- tracked by the biggest China ETF in the U.S. -- has more than 50% of its weight in the financial sector. 2 We think investors should be able to access the growth potential of China without taking on such concentration risk, and have designed CHXF to offer a broader, diversified basket of Chinese dividend-paying securities." view more
Treasury International Capital Data for July 2012
Foreign residents increased their holdings of long-term U.S. securities in July – net purchases were $60.2 billion. Net purchases by private foreign investors were $37.7 billion, and net purchases by foreign official institutions were $22.5 billion.
At the same time, U.S. residents decreased their holdings of long-term foreign securities, with net sales of $6.8 billion.
read more PowerShares DB G10 Currency Harvest Fund (DBV) Exits Short USD Position in Carry Trade Strategy For more information, visit powershares.com. DB-Global Equity Index and ETF Research-North America-US ETF Investment Ideas: Enhancing returns & income with Dividend ETFs
Sustainable growth and income through dividend-focused companies
In general, dividend-focused companies are mature companies, with a more stable business model, and higher tilt towards the Value style in comparison to their peers; most of these companies have defensive profiles, and offer attractive yields and sustainable growth making them very attractive for the current environment. In recent reports, Deutsche Bank strategists have highlighted the importance of dividend growth and the fact that dividend-focused companies remain attractive despite currently trading at a premium to the S&P 500.
Not all Dividend ETFs are created equal
There are 21 dividend ETFs tracking US stocks which share the same broad idea, however they can be significantly different depending on their focus and weighting criteria. Dividend ETFs can focus on dividend payment, dividend yield, dividend growth, or a combination of them. In addition, they further differentiate themselves by employing specific weighting methodologies involving dividends paid ($), dividend yield (%), or other more common approach (e.g. market cap or equal).
ETF Recommendations: sustainable growth and income
The following link will be available for 90 days. For more information, please click on the link for the full PDF. If you have any trouble viewing the link, copy and paste the link in a browser. http://pull.db-gmresearch.com/p/514-B29D/98632580/US_ETF_Investment_Ideas.pdf
Source: International Securities Exchange (ISE)
September 20, 2012--An influential U.S. lawmaker pledged on Thursday to take a closer look at the safety and soundness of the equity markets following a recent string of technology glitches on Wall Street.
Senator Jack Reed, who chairs the Senate Banking subcommittee on securities, said the recent incidents including Nasdaq's botched handling of the Facebook IPO and the massive losses unleashed by Knight Capital's software error, raise concerns about potential systemic risks to the marketplace.
Source: Reuters
September 20, 2012--The current reports for the week of September 18, 2012 are now available.
view updates
Source: CFTC.gov
September 19, 2012--QE "infinity" has arrived-and with it a whole new set of challenges for fixed income investors.
If there was any doubt before about the Federal Reserve’s commitment to drive investors into riskier assets, Ben Bernanke has dispelled it.
Source: FT.com
September 19, 2012--The Securities and Exchange Commission is hopelessly outgunned in resources and technical savvy by the computerised traders it regulates, a leading US senator has warned ahead of a hearing into recent stock market glitches.
Senator Jack Reed said a hearing set for Thursday will be the first in a series investigating whether the market structure created by the SEC contributed to the near failure of Knight Capital and the botched flotations of Facebook and BATS Global Markets. It will also examine whether some high-frequency traders have an unfair advantage.
Source: FT.com
CHXF Offers Diversified Exposure to Growth Potential of China
Fund removes volatility of financial sector, presenting meaningful alternative to traditional China index-based strategies
September 19, 2012-- WisdomTree (WETF), an exchange-traded fund ("ETF") sponsor and asset manager, today announced the launch of the WisdomTree China Dividend ex-Financials Fund (CHXF) on the NASDAQ Stock Market.
CHXF is designed to provide broad-based exposure to Chinese dividend-paying stocks outside of the financial sector and has an expense ratio of 0.63%.
Source: WisdomTree Investments, Inc
September 18, 2012--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for July 2012. The next release, which will report on data for August 2012, is scheduled for October 16, 2012.
The sum total in July of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $73.7 billion. Of this, net foreign private inflows were $59.0 billion, and net foreign official inflows were $14.7 billion.
Source: US Department of the Treasury
September 17, 2012--In a move which highlights the dynamic nature of global floating rates and subsequently the carry trade, PowerShares DB G10 Currency Harvest Fund (DBV) has rotated out of its short US dollar position and into a short euro position.
DBV had been short the US dollar since June of 2009. This is the first time the fund has been short the euro.
Source: Invesco PowerShares
September 17, 2012--A comprehensive guide for US-focused Dividend ETF investing
Introducing our new US ETF Investment Ideas Series
In this new research series we explore different investment ideas originated among our DB research colleagues and we provide an implementation layer using ETFs.
We have developed a multi dimensional framework for analyzing and comparing ETFs with the objective of providing recommendations and useful information to help our readers find the best product for their specific needs.
We have found that such themes are better represented by ETFs with focus on dividend growth and/or dividend yield, rather than just on dividend payment. Moreover we have seen that, in general, those ETFs which include dividend-related criteria (e.g. dividend paid or yield) in their weighting methodology offer a better dividend play than those that employ other weighting methods. Actually, those that utilize non-dividend-related weighting methodologies or focus just on dividend payments tend to be more similar to a Value play with higher correlation to the standard equity benchmarks instead. We recommend DVY and SDY as a growth/income investment, and HDV, VYM, and DHS as income-oriented choices.
Source: Source: Deutsche Bank - Global Equity Index and ETF Research - North America
