WisdomTree has filed with the SEC to create two new funds that track the change of the American dollar against a basket of world currencies. The new funds will compete with PowerShares US DB Dollar ETF (UUP: Quote, Profile, Advanced Chart, News), which has attracted more than $3 billion from investors.
The WisdomTree Rising Dollar Fund, one of the new funds, will seek to provide performance equivalent to the change in the value of the US dollar against 15 other world currencies. The fund will invest in Treasury bonds, as well as money markets and currency contracts, to derive returns for its investors.
WisdomTree Commodity Currency Fund will seek out currency investments in countries with strong commodity producing industries. The fund is centered on the relative value of the currencies represented by the following countries: Australia, Brazil, Canada, Chile, Indonesia, Mexico, New Zealand, Norway, Russia and South Africa, according to the SEC filing.
Dow Jones Indexes have created a new Titans-branded index designed to track the biggest blue chip names on the Mexico stock exchange. The index, which launches today, has already received the interest of one international bank, which plans to turn the fund into an ETF.
The index will equally weigh issues according to their float adjusted valuations and the daily trading volume of each stock, according to a press release. Stocks will be chosen from the Dow Jones Mexico Total Stock Market Index, which represents 32 different companies, and ultimately only 20 stocks will be accepted for the Dow Jones Mexico Titans 20 Index.
On the same day of release, Dow Jones has already completed its first licensing agreement to BBVA Bancomer, which intends to release the index as an exchange-traded fund in Mexico. Dow Jones offers multiple licenses per product, and it is likely that the index will make it to the US stock exchanges shortly. Virtually all newly released indexes from Dow Jones are used as an underlying index for an ETF.
iShares will soon expand its market of exchange-traded funds to Chile, creating local entities while simultaneously bringing a number of US-listed ETFs to the exchange. The products will be cross listed, similar to ADR listings on the New York Stock Exchange.
iShares is a leader in international exchange traded funds, bringing all the major markets into a giant spider web of listings. Recently, iShares listed a Peruvian ETF in Mexico after its successful launch in the United States. ETF holdings of both US and international funds grew to $7.9 billion in July from $2.6 billion in 2006, fueled by both iShares’ growth and a general underlying boom in the overall industry, according to Bloomberg.
The cross listed platform will help grow foreign interest in the United States stock markets, while bringing more interest to Latin America’s third largest stock market.
Capitalizing upon the current popularity of emerging ETFs, Emerging Global Advisors has launched its second exchange-traded fund of 2009. The new fund, named Emerging Global Shares Dow Jones Emerging Markets Titans Composite Index Fund (EEG: Quote, Profile, Advanced Chart, News), seeks to track the Dow Jones Titan Index, but with several amendments to the original index.
China Offshore: 20.43%
Brazil: 20.29%
India: 18.15%
Russia: 14.24%
Mexico: 10.07%
South Africa: 8.30%
Chile: 2.74%
Malaysia: 1.85%
Indonesia: 1.53%
Kuwait: 1.04%
The new ETF will invest in 100 of the top stocks of the Dow Jones Emerging Market Titan Index. To protect against bubble investments, the fund will ensure that no sector has more than 10% of the vested interest of the fund. The fund is just one of 10 sector-based ETFs Emerging Global Advisors plans to launch in the near future.
The Emerging Global Shares Dow Jones Emerging Markets Titans Composite Index Fund will trade on the NYSE Arca with an annual expense of .75%.
As ProShares extends its double and triple leveraged funds around the world, it is seeking the help of JP Morgan Worldwide Securities Services, which already manages 64 different ProShares funds with more than $25 billion in assets.
The agreement between the two firms will add another eight funds to the list of those managed by JP Morgan, bringing the total to 72. The additional eight funds are as follows:
JP Morgan has developed an active and profitable business within the ETF scene. With more than $55 billion in assets, the firm services 94 different ETFs with custody, fund accounting and fund administration, according to American Chronicle.
WisdomTree has filed with the SEC to create two new funds that track the change of the American dollar against a basket of world currencies. The new funds will compete with PowerShares US DB Dollar ETF (UUP: Quote, Profile, Advanced Chart, News), which has attracted more than $3 billion from investors.
Dow Jones Indexes have created a new Titans-branded index designed to track the biggest blue chip names on the Mexico stock exchange. The index, which launches today, has already received the interest of one international bank, which plans to turn the fund into an ETF.
iShares will soon expand its market of exchange-traded funds to Chile, creating local entities while simultaneously bringing a number of US-listed ETFs to the exchange. The products will be cross listed, similar to ADR listings on the New York Stock Exchange.
Capitalizing upon the current popularity of emerging ETFs, Emerging Global Advisors has launched its second exchange-traded fund of 2009. The new fund, named Emerging Global Shares Dow Jones Emerging Markets Titans Composite Index Fund (EEG: 
As ProShares extends its double and triple leveraged funds around the world, it is seeking the help of JP Morgan Worldwide Securities Services, which already manages 64 different ProShares funds with more than $25 billion in assets.
Designed by Media Glint Web Software Development
