ETFtrends: Are High-Yield Bond ETFs Overvalued After Big Run?

Courtesy of John Spence Junk bond ETFs have enjoyed four solid years of returns while investors’ hunger for income-producing assets has pushed the sector’s yields down near record-low levels. As 2013 gets underway, some investors are again wondering if high-yield corporate debt is overvalued after such a strong run. The only problem is that investors […] Read More

15 January, 2013

Options Market Poised For Pick-Up; Institutional Managers Re-Focus Risk…

The Outlook for 2013 Uncertainty around the elections, low volatility and anemic volumes in the equity markets drove the first year-over-year decline in options trading volume since 2002. But bright spots such as weekly and mini options portend a stronger 2013. Despite the options market doldrums in 2012, TABB Group believes the volume retreat is […] Read More

10 January, 2013

BlackRock To Buy Credit Suisse European ETF Business

(Reuters) – BlackRock Inc has won the bidding for Credit Suisse Group AG’s European exchange-traded fund business, according to a source familiar with the situation. The deal is expected to be announced shortly, said the source, who declined to be identified because the deal is not yet public. The value of the deal could not […] Read More

9 January, 2013

China Approves Government Bond ETF to Grow Debt Market

Courtesy of Bloomberg LP China approved the introduction of its first exchange-traded fund of government bonds as policy makers seek to expand the nation’s debt market. Guotai Asset Management Co.’s exchange-traded fund of Chinese sovereign debt will be listed on the Shanghai Stock Exchange and benchmarked against an index of five-year government bonds, according to […] Read More

9 January, 2013

ETF Trading Desk Head Says: “Risk is On…Today..”

Courtesy of the ETF Professor at Benzinga.com U.S. equities and other riskier assets are in rally mode in the first trading session of 2013 after lawmakers finally got around to agreeing on legislation that steered the U.S. away from the dreaded fiscal cliff. News that a deal was in the works ignited a rally on […] Read More

2 January, 2013

AdvisorShares Peritus High Yield ETF ($HYLD) Lists Options On…

AdvisorShares, a leading sponsor of 17 actively managed exchange-traded funds (ETFs), announced today that the AdvisorShares Peritus High Yield ETF (NYSE Arca: HYLD), the first high yield actively-managed ETF has met listing requirements of the Chicago Board Options Exchange® (CBOE®) and that HYLD options are now listed for trading on the CBOE. Read More

31 December, 2012

Actively-Managed ETFs Poised to Proliferate in 2013 (?)

Courtesy of WSJ Dec 28 Weekend Edition and reporter Joe Light The world of ETFs is about to get pumped up. A long-heralded blossoming of actively managed exchange-traded funds is one step closer, now that the Securities and Exchange Commission earlier this month removed a hurdle that discouraged money managers from releasing such products. For […] Read More

31 December, 2012

ETFs for IPOs; First Trust’s FPX Scores Big Gains…

Courtesy of WSJ’s Chris Dieterich The sprawling reach of exchange-traded funds has so far left initial public offerings virtually untouched, but the performance of the sole fund to focus on new stocks has proven worthy of investors’ attention – and could well encourage imitators. The pioneering fund, First Trust US IPO Index ETF, tracks an […] Read More

31 December, 2012

ICE-NYSE Deal: Derivatives Exchange CEO Gets Icey Response From…

Within the first several days since the  December 20 proposed merger announcement between NYSE Euronext and IntercontinentalExchange  (ICE), there has been no shortage of public responses, comments and of course, a lawsuit opposing the deal (filed last Friday by the New Jersey Carpenters Pension Fund). For those following this deal, today’s WSJ column by Jason […] Read More

26 December, 2012

Copper ETF Approved Over Hedge Fund’s Objections | FINalternatives

Commodities hedge fund RK Capital Management has lost its bid to stop a copper exchange-traded fund that it warned could “wreak havoc on the U.S. and global economy.” The Securities and Exchange Commission last week approved a rule change at NYSE Arca that will allow the launch of a physical copper ETF. That fund will […] Read More

18 December, 2012

ETF New Rules: SEC Says Derivatives for Actively-Managed ETFs…

Courtesy of Daniela Pylypczak     Back in March of 2010, the SEC began a review of the use of derivatives by ETFs, specifically actively-managed and leveraged funds. Norm Champ, Director of the SEC’s Division of Investment Management, stated that “The use and complexity of derivatives have grown significantly over the past two decades and […] Read More

15 December, 2012

Dennis Gartman is a Raging Bull..

Courtesy of Olly Ludwig at IndexUniverse.com Dennis Gartman is about as raging a bull as you can find these days. At a time when many investors remain beaten down in the volatile “risk-on/risk-off” aftermath of the crash of 2008, and uncertain about how high taxes will go in 2013, the editor of The Gartman Letter […] Read More

14 December, 2012

Trading Market Pros Do a 360; Looking Back and…

                  Extracts courtesy of a special year-end story from Terry Flanagan at MarketsMedia The Standard & Poor’s 500 Index stood at 1,380 in mid-November, down about 5% from 1,450 five years earlier. To a visitor from Mars, the similarity of the numbers could suggest that it was a quiet period for financial-market participants. But in […] Read More

14 December, 2012

This ETF Could be The Real Monetary Easing Play:…

While the market seemed generally unimpressed by the Federal Reserve’s pledge to hold interest rates down until the U.S. unemployment rate drops below 6.5 percent, the usual suspects among ETFs performed as expected Wednesday. Following the conclusion of the central bank’s last monetary policy meeting of 2012, the PowerShares DB US Dollar Index Bullish (NYSE: […] Read More

13 December, 2012

Institutional Investor: Vanguard’s Risky Switch in ETF Indexes

  Courtesy of Rosalyn Retkwa When it comes to the broad-based emerging-markets equity ETFs, Vanguard’s MSCI Emerging Markets ETF (VWO) is clearly the top dog. As of December 11, VWO had a market cap of $58.66 billion and an average daily volume of 17.74 million shares. But back on October 2, Vanguard rocked the ETF […] Read More

13 December, 2012

When European ETF Execution Becomes a Stand-Out Factor, PM’s…

  courtesy of DowJones’ Peter Davy Dec 10 2012 Exchange-traded funds may be seen as a low-cost investment option but the huge choice of how to trade these products can have expensive consequences for institutional investors. “It can have a very significant impact. Get a bad execution and you start with a drag on the […] Read More

10 December, 2012

Market Contrarian Matt Gohd Joins WallachBeth Capital; Option Strategist…

  December 3, New York, NY—WallachBeth Capital LLC (“WB”), the institutional agency broker specializing in options and Exchange-Traded-Fund (ETFs), announced the hiring of Matt Gohd, the trading market strategist whose contrarian market calls have been widely-followed for two decades by leading hedge fund managers and industry observers. Mr. Gohd, a 30-year industry veteran joins WallachBeth […] Read More

4 December, 2012

Mini Options Ready to Grow?

Courtesy of Andy Nybo, TABB Forum The recent approval by the Securities and Exchange Commission (SEC) to allow the listing of “mini” options provides the options industry with a wealth of potential opportunities. The potential success of mini options, however, will be a double-edged sword. The costs to build out the necessary technological infrastructure to […] Read More

3 December, 2012