The 11 Craziest Market Days Of 2011
(NEW YORK) No question, 2011 was a shaky year for investors. Our colleagues from Fortune published the craziest intraday movements of the U.S. market. Read about the most impressive market moves here.
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iShares Plans Actively-Managed “Strategic Beta” ETFs
(SAN FRANCISCO) With over 230 products on the market, iShares has filed with the SEC to bring to market three new active ETFs to add to their already impressive lineup. The proposals profiled below may appeal to investors who are seeking out ways to juice their portfolios’ returns amidst the uncertain economic backdrop: iShares Strategic
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Kick-Start For New Swiss Gold ETF
(ZURICH) Two weeks after Raiffeisen, the largest cooperative banking group in Switzerland, launched two new physical gold ETF the turnover remains weak but the AuM soared within a few days. The first ETF is called “Raiffeisen Solid Gold Ounces” is linked to one ounce gold. The second ETF (“Raiffeisen Solid Gold”) tracks the price of
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Knight Capital Group Launches Two Active ETFs
(JERSEY CITY) Knight Capital Group has recently launched two actively managed exchange-traded funds run by subsidiary Astor Asset Management. The funds are called “Astor Active Income ETF Fund” and “Astor SP Growth ETF Fund”. The funds take a macroeconomic approach with the goal of a compounded absolute return without the performance fees and lock-up periods
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Credit Suisse: $1.75M Fine for Short-Selling Failures
(NEW YORK CITY) Bad news just before new year’s eve: Credit Suisse got fined by FINRA. From June 1, 2006 through December 2010, Credit Suisse Securities failed to comply with the locate and marking requirements of Regulation SHO as well as FINRA rules, NASD rules and federal securities laws. Specifically, FINRA fined Credit Suisse for
DetailsRegulators Plan To Fuel Growth To ETF Market
(SEOUL) Korea’s financial regulators plan to nurture the fledgling ETF market by allowing pension and retirement funds to engage in the investment vehicle in question as part of efforts to encourage long-term investment practices. The country’s financial regulators led by the Financial Services Commission are reviewing options aimed at giving an impetus to the ETF
DetailsBlackRock Publishes New ETF Landscape
(NEW YORK CITY) Recently, BlackRock published its Global Handbook – Q3 2011 edition. This is a comprehensive directory of all 4,152 Exchange Traded Products (ETPs) listed globally, as at the end of October 2011. A nice overview but unforunately a bit crowed with to much details. Download the full report (319 pages!) directly here and
DetailsNigeria Launched First Gold ETF
(LAGOS/JOHANNESBURG) Absa Capital, the corporate and investment banking division of Absa Bank Ltd, listed its NewGold Exchange Traded Fund (ETF) on the Nigeria Stock Exchange (NSE) on December 19 as part of the firm’s overall approach to expand it suite of products and services in sub-Saharan Africa. There are now three African countries (South Africa,
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UK Investors Build Defences With New ETFs
(LONDON) With stock markets around the world in retreat in 2011, the most popular new exchange traded funds launched in the UK this year suggest investors have a growing appetite for tailored exposures in fixed income markets as well as a growing interest in volatility products to provide some insurance against big price falls for
DetailsECN BATS Drafts Market Maker Loyalty Plan
(NEW YORK CITY) BATS Global Markets, the third-largest U.S. stock exchange, filed a proposal with the SEC to establish a program designed to reward market makers with financial incentives for maintaining order flow in stocks and ETFs. Read the full article here.
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Gold ETF Inflows Slow Down
(LONDON) The inflows into gold-backed exchange-traded funds that helped drive bullion demand sharply higher during the financial crisis have more than halved this year, according to a Reuters report, and are unlikely to recover in 2012 as appetite grows for other assets. Sales of products such as physical bars and coins are likely to firmly
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