Vanguard Calls for Responsibility in Developing New ETFs
(FT. LAUDERDALE) Vanguard Chief Investment Officer Gus Sauter challenged the exchange-traded fund (ETF) industry to be responsible in developing new products and called for greater efforts to educate investors about ETFs. The advice perspective and planning that today’s advisor provides is far more valuable than a buy, sell, or hold call. During a speech at
Details
Chi-X Global Expands to Asia-Pacific
(TOKIO/SYDNEY) Alternative trading venue operator Chi-X Global Holdings is making early inroads in Australia and has markedly increased its trading volume in Japan. On the island nation, Chi-X Japan, a wholly owned subsidiary of Chi-X Global, competes primarily with the Tokyo Stock Exchange (TSE) and the Osaka Securities Exchange (OSE). The two established exchanges are
Details
ETF Milestone: SPY Reached $100 billion Market Cap
(NEW YORK CITY) The flagship exchange-traded fund for the S&P 500, SPDR 500, has just made headlines by surpassing the $100 billion market cap mark. The move was hailed as yet another sign that the ETF industry has come of age. But like a Time Magazine cover story, this headline may be a contrarian indicator for the market.
Details
FINRA Alert: Email Hackers Stealing Investor Funds
(NEW YORK CITY) Fraudsters gain access to email accounts and then email instructions to the firm to transfer money from brokerage accounts, FINRA says. The Financial Industry Regulatory Authority issued an Investor Alert on Thursday warning investors that email hacking is on the rise, and that they should immediately contact their brokerage firm or financial
Details
Who Wants To Buy ETF Securities?
(LONDON/NEW YORK CITY) ETF Securities has failed to become a significant draw for buyers following last month’s decision by founder Graham Tuckwell to put the outfit up for sale, according to the FT. Reports in December revealed that Goldman Sachs had been mandated to find a buyer for the London-based exchange traded fund house, which
Details
Mexican Exchange Woos High-Frequency Traders
(MEXICO CITY) The Bolsa Mexicana de Valores will introduce faster trading technology within the next months due to attract more high-frequency traders, Global Finance Magazine reports. BMV says the new multimarket, multiasset trading engine, which was developed in-house, will be able to handle more than 200,000 messages per second. Also starting in 2012, the exchange
Details
Lyxor Launched Four Commodity ETFs On Xetra
(FRANKFURT) Deutsche Börse continues to expand its XTF segment for exchange-traded index funds with four new Lyxor commodity index ETFs tradable in the XTF segment. The Lyxor ETF S&P GSCI Inverse Agriculture & Livestock 1 Month Forward (LYX0ML) and Lyxor ETF S&P GSCI Inverse Industrial Metals 1 Month Forward ETF (LYX0MN) offer investors their first
Details
Banks’ Dual Role In ETFs In Jeopardy
(LONDON) Banks running exchange traded funds in Europe face potential challenges to the profitability and even viability of their businesses if regulators adopt proposals for limiting conflicts of interest. Deborah Fuhr, former iShares front woman within their global business and now an independent ETF strategist, said banks could be barred from acting as providers of
Details
The Sweet, Short Life of Synthetic ETFs
(NEW YORK CITY/LONDON/FRANKFURT) You’ve heard of structured products. These largely were (and are) complex securities based on lots of streams of cash in underlying loans whose flows were not well predicted. There was a credit crisis associated with them in 2008. Now come “synthetic” exchange-traded funds, where interest-rate swaps and other derivative products are used
Details
South Korea’s Mirae To List ETF Series in Hong Kong
(HONG KONG) According to the FT, South Korea’s Mirae Asset Global Investment is launching seven exchange traded funds in Hong Kong mainly focused on Asia-Pacific investments. The rollouts, scheduled to list on January 27, are part of Mirae’s Tiger ETF family and track subsets of the S&P Global Broad Market Index. They include the Emerging
Details
Eight Ways to Give Your Clients a Tax Cut
(EL SEGUNDO/CA) With the S&P 500 finishing about where it started, 2011 was a tough year in the market and it won’t be the last, especially if the consensus forecasts come true for 2012 being a year of continued slow economic growth and volatile markets. Years like these can make it difficult for financial advisors
Details
