US ETF Snapshot April 2012
(BOSTON) In the US, 1,246 Exchange Traded Funds (ETFs)—with assets totaling $1.2TN—were managed by 36 ETF managers as of April 30, 2012. Month over month, ETF assets decreased by $5.3BN, down 0.4%, according to data collected by State Street Global Advisors. Read the full article here.
DetailsGlobal ETP Snapshot April 2012
(NEW YORK CITY) According to BlackRock’s latest ETP Landscape as of April 2012 following developments happend: Fixed income Exchange Traded Products (ETPs) continued to attract the interest of investors, drawing $5.7 billion in net new assets in April. For the January-April 2012 time period, flows into fixed income ETPs reached a new historical high of
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NYSE Euronext to Open Cloud Hub in London
(LONDON) NYSE Euronext said Friday it plans to launch an applications and services hub for its Capital Markets Community in the United Kingdom next week. The hub will be located at its Basildon, England, data center, said Ken Barnes, senior vice president of the capital markets community platform in the cloud of NYSE Euronext. This
DetailsVan Eck filing evokes vaunted Vanguard patent
(NEW YORK CITY) Van Eck is looking to launch an exchange traded fund share class on several of its mutual funds, a structure that sits squarely within the scope of Vanguard’s prized ETF patent, the FT reports. In a filing with the Securities and Exchange Commission dated March 1, Van Eck is seeking exemptive relief
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Investors Take Issue with Lending Fees
(NEW YORK CITY/LONDON) Issuers of exchange traded funds are making increasing sums of money by lending securities to short-sellers in return for cash or collateral as the funds surge in popularity, the FT reports. Concern is growing among investors at the differences in how much of that revenue is returned to investors and how much
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Exchanges Plan Mini Contracts Amid Record Share Prices
(CHICAGO/NEW YORK CITY) Some major exchanges seeking to feed demand for options after trading reached a ninth straight annual record are asking regulators to approve smaller contracts, concerned the highest stock prices on record make some of them too expensive. Apple’s 41 percent gain this year to $569.18 means it costs $2,455 to buy a
DetailsState Street’s Junk ETF Sees Biggest Redemptions Since 07
(NEW YORK CITY/BOSTON) State Street’s $11.4 billion high-yield ETF – ticker symbol TNK – recorded the biggest redemption of shares yesterday in more than four years, according to data compiled by Bloomberg. The SPDR Barclays Capital High Yield Bond ETF (JNK) saw redemptions of 19.7 million shares, equivalent to about $779.3 million of market value,
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Bank of Japan Buys Record Amount of Stock ETFs
(TOKIO) The Bank of Japan stepped back into the stock market Monday, making its largest single-day purchase of exchange-traded funds to date, though the move failed to prevent a sharp fall for the Tokyo equity market, Market Watch reports. The Japanese central bank said it spent 39.7 billion yen (about $500 million) buying up stock
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Beware of Leveraged ETFs
(NEW YORK CITY) Despite years of warnings about the dangers of “leveraged” exchange-traded mutual funds, many small investors—and, apparently, some investment professionals—may still not be getting the message. Earlier this month, the Financial Industry Regulatory Authority fined brokers including Citigroup Global Markets, Morgan Stanley, MS -4.17% UBS Financial Services and Wells Fargo Advisors for improperly selling leveraged
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NASDAQ Plans High-Speed Options Market For Retail Investors
(NEW YORK CITY) Nasdaq OMX Group Friday announced the launch of a third options market, Sec. Techn. Monitor reports. The operator of the Nasdaq Stock Market said its Nasdaq OMX BX Options market will launch in June, if it receives approval from the Securities and Exchange Commission. Nasdaq will differentiate the BX Options market from
DetailsiShares: ‘New Rules Will Help Grow ETF Market’
(LONDON) The expansion of the European exchange traded funds market due to regulatory changes is “inevitable,” according to an FT interview with Joe Linhares, head of iShares Emea for BlackRock. Mr Linhares said a road map for how ETFs would reach retail investors was now becoming clearer as a result of the combination of reforms
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