Archive for September 2012
Sep 11th, 2012 |
By Simon Smith, CFA
A class action lawsuit filed in 2009 against ProShares, a US-based provider of alternative exchange-traded funds (ETFs), has been dismissed, in its entirety, by a New York judge. The United States District Court for the Southern District of New York rejected the plaintiffs’ claim that certain risk disclosures associated with holding leveraged and inverse ETFs for periods longer than one day were omitted from registration statements.
Posted in ETF and Index News |
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Tags: ETF and Index News, ETF Industry News, Leveraged and Inverse ETFs, ProShares, United States and Canada
Sep 10th, 2012 |
By Simon Smith, CFA
Global assets invested in ETFs and ETPs reached an all-time high of over $1.7 trillion at the end of August, according to data published by ETFGI, an independent research and consulting firm covering the global exchange-traded fund (ETF) and exchange-traded product (ETP) industry. Over the past 10 years, the compound annual growth rate of these products globally has been 26.5%.
Posted in ETF and Index News |
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Tags: ETF and Index News, ETF Industry News, Global
Sep 10th, 2012 |
By Simon Smith, CFA
Source, a leading Europe-based exchange-traded product (ETP) provider, has announced that its Source Physical Gold P-ETC (SGLD) has surpassed $3 billion in assets. As demand for precious metals has continued, investors have increasingly adopted physically-backed ETPs as their vehicle of choice. The Source Physical Gold P-ETC is now among the largest exchange-traded physical gold products globally.
Posted in Commodities |
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Tags: DWS Xtrackers, ETF Industry News, ETF Securities, ETNs and ETCs, Gold and Precious Metals, iShares, Source, United Kingdom
Sep 10th, 2012 |
By Simon Smith, CFA
FTSE Group and Shenzhen Securities Information, a subsidiary of the Shenzhen Stock Exchange, have signed a memorandum of understanding to facilitate the development of new indices for the China capital markets. Mark Makepeace, Chief Executive, FTSE Group, said: “China is one of the fastest growing markets and, as the A-Share market matures to be freely traded internationally, it will play a vital role both in the global capital market and in investor portfolios. We are proud to be a pioneer at the forefront of A-Share market development.”
Posted in ETF and Index News |
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Tags: China, Credit Suisse, DWS Xtrackers, ETF and Index News, ETF Industry News, FTSE, S&P Dow Jones, VanEck Vectors
Sep 10th, 2012 |
By Simon Smith, CFA
Global X Funds, a New York-based provider of exchange-traded funds (ETFs), has launched the Global X Junior Miners ETF (JUNR), the first ETF to provide access to junior mining companies across multiple resource sectors globally.
Posted in Equities |
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Tags: ETF Industry News, ETF Launch, Global, Global X Funds, Gold and Precious Metals, Invesco, United States and Canada, VanEck Vectors
Sep 10th, 2012 |
By Simon Smith, CFA
RBS Securities, the Royal Bank of Scotland’s US-based investment bank and broker-dealer, has announced the launch of the RBS US Large Cap Alternator ETN (ALTL), the eighth product in its growing suite of exchange-traded notes (ETNs). The ETN provides constant exposure to US large-cap equities while switching, based on a comparison of relative strength, between variants of the S&P 500 Index.
Posted in Equities |
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Tags: Equities, ETF Industry News, ETF Launch, ETNs and ETCs, RBS, S&P Dow Jones, United States and Canada
Sep 10th, 2012 |
By Simon Smith, CFA
Vanguard Investments Canada, a subsidiary of US-headquartered indexing giant Vanguard, manager of over $2.1 trillion in global assets, has submitted plans to broaden its family of TSX-listed low-cost exchange-traded funds (ETFs) to 11, with the addition of five new funds. The firm has filed a preliminary prospectus with the Canadian securities regulators for four stock ETFs and one bond ETF.
Posted in ETF and Index News |
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Tags: Equities, ETF Industry News, ETF Launch, Fixed Income, United States and Canada, Vanguard
Sep 5th, 2012 |
By Simon Smith, CFA
Amid low interest rates and ongoing stock market volatility, high-yield corporate bond exchange-traded funds (ETFs) are drawing significant attention. With appealing income yields, below-average default rates and solid credit fundamentals, investors are betting that high-yield bond ETFs, such as the $16bn iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and the $12bn SPDR Barclays Capital High Yield Bond ETF (JNK), can continue to deliver attractive returns going forward.
Posted in Fixed Income |
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Tags: Europe, Fixed Income, Global, High Income, High Yield, iShares, Lyxor, Pimco, Source, SSGA SPDR, Themes and Strategy, United States and Canada
Sep 5th, 2012 |
By Simon Smith, CFA
The Canadian exchange-traded fund (ETF) industry is expected to continue its strong pace of growth through the rest of the year, according to a report by BMO Global Asset Management. The industry currently stands at C$50 billion in assets under management, up 15.9 percent since the start of the year.
Posted in ETF and Index News |
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Tags: Equities, ETF and Index News, ETF Industry News, Fixed Income, High Income, High Yield, United States and Canada
Sep 4th, 2012 |
By Simon Smith, CFA
For investors looking to take advantage of Europe’s undervalued equity market but nervous about a possible Eurozone break-up, WisdomTree’s newly refocused WisdomTree Europe Hedged Equity ETF (HEDJ) could offer the solution. The US-based exchange-traded fund (ETF) provider has altered the mandate of its international hedge equity fund to invest in a portfolio of European export-oriented dividend-paying equities while hedging movements in the euro/dollar exchange rate.
Posted in Equities |
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Tags: Amundi, Currencies, DWS Xtrackers, ETF Industry News, ETF Launch, Europe, iShares, Themes and Strategy, WisdomTree