Archive for September 2012

ProShares exonerated as New York judge throws out leveraged ETF lawsuit

Sep 11th, 2012 | By
ProShares exonerated as New York judge throws out leveraged exchange-traded funds (ETF) lawsuit relating to ProShares Ultra and UltraShort leveraged and inverse funds

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.


Global ETF and ETP assets reach new high of over $1.7 trillion

Sep 10th, 2012 | By
Asia Pacific ex-Japan ETF AUM at $132bn at the end of September

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%.


Source’s physical gold ETC (SGLD) surpasses $3 billion in assets

Sep 10th, 2012 | By
Goldman Sachs to acquire Perth Mint Physical Gold ETF

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.


FTSE Group partners with Shenzhen Stock Exchange to develop new China A-Share index range

Sep 10th, 2012 | By
Amundi launches Chinese Treasury & policy bank bond ETF

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.”


Global X Funds introduces small-cap mining fund, Global X Junior Miners ETF (JUNR)

Sep 10th, 2012 | By
Sprott unveils Europe’s first ESG-screened copper miners ETF

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.


RBS rolls out RBS US Large Cap Alternator ETN (ALTL)

Sep 10th, 2012 | By
Royal Bank of Scotland rolls out RBS US Large Cap Alternator exchange-traded note (ETN) (NYSEarca:ALTL)

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.


Vanguard Canada set to expand TSX-listed ETF line-up

Sep 10th, 2012 | By
Vanguard introduces four Canadian fixed income ETFs

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.


Fundamentals of high-yield corporate bond ETFs strong, as default rates remain low

Sep 5th, 2012 | By
Fundamentals for high-yield corporate bond exchange-traded funds (ETFs) strong, as default rates remain low

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.


BMO forecasts continued growth for Canadian ETF industry

Sep 5th, 2012 | By
First Trust’s AlphaDEX ETFs make debut on TSX

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.


WisdomTree’s euro hedged ETF offers less risky exposure to Europe

Sep 4th, 2012 | By
SPDR ETFs launches low-cost euro-hedged S&P 500 share class

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.