Archive for November 2012

Global trends support outlook for agribusiness ETFs

Nov 28th, 2012 | By
Thomson Reuters launches Islamic Asia Pacific ex-Japan Agribusiness Index

The recent rally in agricultural commodity prices serves as a stark reminder of the long-term global food supply/demand imbalance. For investors, however, the greatest opportunities could lie within the agribusiness sector, rather than making direct investments in agricultural commodity markets. Investors looking to access the sector have a wealth of exchange-traded funds (ETFs) to consider, with iShares, Invesco PowerShares, ETF Securities, Market Vectors, EasyETF and IndexIQ all offering compelling products.

Market Vectors’ emerging markets local bond ETF surpasses $1bn milestone

Nov 27th, 2012 | By
Fran Rodilosso, head of fixed income ETF portfolio management at VanEck.

Van Eck Global, the US-based sponsor of the Market Vectors range of exchange-traded funds (ETFs), has announced that the Market Vectors Emerging Markets Local Currency Bond ETF (EMLC) has surpassed $1 billion in assets under management. The NYSE Arca-listed fund, which made its debut in July 2010, has proved popular as investors have looked to emerging markets for both diversification away from the dollar and more attractive yield opportunities.

FTSE launches Super Liquid Index Series

Nov 27th, 2012 | By
Source, Nomura offer private equity exposure in liquid ETF format

FTSE Group has announced the launch of the FTSE Super Liquid Index Series (SLQ), a broad family of market-capitalisation-weighted indices designed to mimic the characteristics of key FTSE indices via a smaller, highly liquid universe of stocks. The indices incorporate a quantitative liquidity screen that identifies and selects the most liquid stocks from within each industry of the underlying index. The resulting basket exhibits reduced implementation, maintenance and replication costs, whilst retaining the industry weightings and performance characteristics of the parent index.

Power Dividend Index launched by W.E. Donoghue & Co.

Nov 27th, 2012 | By
W.E. Donoghue Power Dividend Index

W.E. Donoghue & Co., a US-based investment management firm, has rolled out a strategy index that seeks to deliver high income and reduced exposure to bear market cycles by switching allocations between high-yielding equities and short-term Treasuries. The W.E. Donoghue Power Dividend Index uses exponential moving-average crossovers to trigger allocations between an equally-weighted portfolio of stocks, as represented by the S-Network Sector Dividend Dogs Index (SDOGX), and 90-day US Treasury bills.

Central bank gold buying continues to support physical gold ETCs

Nov 27th, 2012 | By
ETF Securities reduces management fee on Swiss gold ETP

Central banks added another 40 tonnes of gold in October, according to IMF data, with emerging market central banks once again most active in the market. Brazil and Kazakhstan were some of the largest buyers, purchasing 17.2 and 7.5 tonnes, respectively. Given the large and growing debt and fiscal issues facing both Europe and the US, central bank gold buying looks likely to persist, providing continued support to gold-backed exchange-traded commodities (ETCs), which have rallied in recent weeks.

Insider buying at Molycorp could signal rebound for rare earth metals ETFs

Nov 26th, 2012 | By
Insider buying at Molycorp could signal rebound for rare earth metals ETFs

Directors of rare earth mining giant Molycorp put their money where their mouths are last week, snapping up stock in the NYSE-listed company. This latest batch of insider buying follows August’s punchy $25m stock purchase by Chairman of the Board, Ross Bhappu. This unequivocal demonstration of faith in the company – and, by extension, the outlook for the rare earth metals industry – could point to the start of a rebound for rare earth exchange-traded funds (ETFs).

ETF Securities to list three precious metal ETFs for Asian investors

Nov 26th, 2012 | By
GraniteShares launches cheapest platinum-tracking ETF in US

ETF Securities, one of the world’s leading independent providers of exchange-traded products, is set to launch three new exchange-traded funds (ETFs) designed to provide Asian investors with cost-effective access to physical precious metals. The funds will be listed on Hong Kong stock exchange and provide exposure to gold, silver and platinum, respectively.

SSgA debuts emerging markets corporate bond ETF

Nov 25th, 2012 | By
SSgA SPDR debuts emerging markets corporate bond ETF

SPDR ETFs, the exchange-traded fund (ETF) platform of State Street Global Advisors (SSgA), has announced the launch of the SPDR BofA Merrill Lynch Emerging Markets Corporate Bond UCITS ETF on the London Stock Exchange and Deutsche Börse. The new fund, which extends the platform’s coverage of emerging fixed income, provides access to a diversified portfolio of investment-grade and high-yield emerging market corporate bonds denominated in USD.

Borsa Italiana reaches 800 listed ETPs on ETFplus

Nov 24th, 2012 | By
PowerShares Source cross-lists Europe small cap ETF in Italy

More than 800 exchange-traded products (ETPs) are now listed on ETFplus, Borsa Italiana’s dedicated market for the trading of ETFs, ETCs and ETNs. The milestone was reached as two new ETFs were listed on the market. Ten years after the first ETF was listed on the Italian market, ETFplus continues to grow, confirming its status as one of Europe’s leading locations for the trading of ETFs.

Mirae Asset’s Hong Kong ETF range adopts Horizons name

Nov 24th, 2012 | By
Hang Seng launches three Hong Kong Stock Connect indices

Following last year’s acquisition of a majority stake in Horizons Canada, Mirae Asset Global Investments has confirmed the rebranding of the Mirae Asset Tiger ETF range. The eight Hong Kong-listed funds have dropped the Mirae Tiger brand and adopted the more internationally-recognised Horizions name.