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Morgan Stanley launches double long and short euro exchange-traded notes

Fri, 09 May 2008, 06:00



Morgan Stanley has announced the launch on NYSE Arca of two exchange-traded notes, Market Vectors-Double Long Euro ETN and Market Vectors-Double Short Euro ETN, which aim to provide US investors with leveraged directional exposure to the euro-US dollar exchange rate.
Hedgemedia's AltInvestment Global News Round-Up: Arx Investment's Dwight Sipprelle calls it a day

Fri, 09 May 2008, 05:55



Star manager Dwight Sipprelle is winding down his USD1.2bn global credit fund and retiring from active money management. The founder of New York-based Arx Investment Management, who previously spent 16 years at Morgan Stanley, plans to shut down the Arx Global High Yield Master Securities Fund, which has gained 150 per cent since its launch in February 2002, by June 30. His brother and fellow Morgan Stanley alumnus, Scott Sipprelle, shut down his own firm Copper Arch late last year.

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ETF providers roll out fixed-income offerings

Fri, 09 May 2008, 01:44


Investors.com/Investor's Business Daily

Municipal bonds and short selling are likely to be the next growth area for fixed-income exchange traded funds and notes. Fixed-income ETFs have made a big splash over the last year. In 2007, less than a dozen ETFs were in the field, covering only the most liquid markets. Now there are 58. Munis have been one beneficiary. Barclays Global Investors, State Street Global Advisors and Van Eck Global have all launched general muni bond ETFs over the last several months.

First US-listed platinum ETNs to launch on NYSE

Thu, 08 May 2008, 23:24


Resource Investor

US investors large and small will soon have an alternative to investing in platinum futures, almost solely traded by large hedge funds and brokerage houses. Two exchange-traded notes, the E-TRACS UBS Long Platinum ETN [NYSE:PTM] and E-TRACS UBS Short Platinum ETN [NYSE:PTD], will launch tomorrow morning, April 9, in New York.

Russia ETF surges on oil, new president

Thu, 08 May 2008, 21:52


Smart Money

A new president in Russia, reports detailing an uptick in consumer lending in Poland, record-high oil prices and news Slovakia may adopt the euro as its currency made Eastern Europe and Russia leading gainers Thursday. Market Vectors Russia (RSX: 54.30, +2.30, +4.42%), an ETF that owns 31 firms — mostly in the energy sector — that have market caps over $150 million, gained 4% in heavy trading. SPDR S&P Emerging Europe (GUR: 67.50, +2.56, +3.94%) jumped 3.7%. That ETF owns companies in Russia, Poland, Turkey, the Czech Republic and Hungary.

Frontier market ETFs and new access to related themes

Thu, 08 May 2008, 21:07


Seeking Alpha/Index Universe

WisdomTree has filed for the Middle East Dividend Fund that will include Bahrain, Dubai, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar and the United Arab Emirates. The prospectus has no info on country weightings (none that I found anyway), but surprisingly 54% of the companies have market caps greater than USD2 billion. WisdomTree has an awful lot of very interesting funds on the shelf that I'd love to see listed, but thus far have not. Some of the filings are so old now that I doubt they will list, so we'll see if this Middle East fund ever lists or not.

ETF strategy aims to profit from USD4 gas

Thu, 08 May 2008, 19:46


SmartMoney

The ETF industry has been accused of launching products simply for the sake of getting a certain strategy to market. That's one of the reasons dozens of funds languish with little assets and thin trading volumes. However, it scored a home run when fund companies like PowerShares, State Street (STT: 72.73, -1.27, -1.71%) and Barclays (BCS: 36.19, -0.24, -0.65%) launched commodity ETFs that track everything from gold and silver to cattle and crops to oil and gas. As a group these funds hold well over USD30 billion.

Clear Indexes LLC announces winners of second ETF student contest

Thu, 08 May 2008, 12:00


Yahoo/PRWeb

Two York University students and sports enthusiasts turned their passion and knowledge into the winning entry in the "Next Generation ETF Contest" run on Facebook and the Internet by Clear Indexes, LLC. Their winning idea, an International Sports investment concept, focuses on publicly-traded equities of holding companies that own professional sports teams and clubs; it relies on the large and loyal fan base of these teams, which typically grow even in economic downturns. Selected from nearly 200 submissions, Sean Vrbica, and Vlad Berbece teamed up to win the grand prize of USD5,000, a paid internship, and the chance to participate in an exchange bell ringing ceremony of the ETF based on their concept.


Kotak Mahindra launches ETF based on Bombay exchange index

Wed, 07 May 2008, 20:38



Kotak Mahindra Asset Management has announced the launch of an exchange-traded fund that invests in the stocks that comprise the Bombay Stock Exchange's Sensex index. The fund is open for subscription until May 16.

Alps Fund Services launches private equity portfolio for variable insurance products

Wed, 07 May 2008, 06:00



Denver, Colorado-based fund service provider Alps Fund Services has launched the AVS Listed Private Equity Portfolio for use by insurance companies in their variable insurance products, sub-advised by Red Rocks Capital, an investment adviser also from Denver that specialises in private equity products.
Invesco PowerShares to introduce family of global asset allocation ETFs

Wed, 07 May 2008, 06:00



Exchange-traded fund provider Invesco PowerShares Capital Management has announced plans to list three ETF portfolios designed to provide investors with access to long-term, core asset allocation strategies through investment in other ETFs.
WisdomTree and Dreyfus to launch family of active currency income ETFs

Tue, 06 May 2008, 06:00



WisdomTree Investments and the Dreyfus Corporation, part of BNY Mellon Asset Management, have announced plans to launch five actively-managed WisdomTree Dreyfus currency income exchange-traded funds on the NYSE Arca market on May 13.
How KKR blazed a trail for listed private equity

Mon, 05 May 2008, 07:35



Arguably the biggest single boost to Guernsey's private equity industry was the launch in June 2006 of KKR Private Equity Investors, which raised USD5bn from investors and obtained a listing on Euronext Amsterdam. The deal has prompted other private equity houses - and hedge fund managers - to seek listings, although nearly two years on, the verdict on the fund's success is more nuanced.
Youthful exuberance

Mon, 05 May 2008, 07:30



Gibraltar's fund services industry is a relatively young but robust industry. Although Gibraltar fund legislation dates back years, it was the introduction of "Experienced Investor Fund" legislation in August 2005, designed for experienced, high net worth, sophisticated investors that truly made Gibraltar a serious, attractive and competitive jurisdiction. Since then, the market has gathered momentum and Gibraltar has experienced a substantial increase in the volume of fund business.
ProShares launches first ETFs offering short exposure to Treasury bonds

Fri, 02 May 2008, 06:00



ProFunds Group, a US provider of short and leveraged exchange-traded funds and mutual funds, has launched two new ProShares ETFs designed to deliver positive returns when US Treasury bond prices fall. ProShares introduced short ETFs to the market in 2006 and now offers 38 Short ProShares across a wide range of asset classes, sectors and investment styles.
Hedgemedia's AltInvestment Global News Round-Up: Drake shuts Global Opportunities Fund after 25 per cent decline

Fri, 02 May 2008, 05:55



New York's Drake Management has finally decided to close down its USD2.5bn Global Opportunities Fund, which lost 25 per cent in 2007, having already suspended investor redemptions in December. It will wrap up the unwinding by the first quarter of 2009 but investors can expect to get the bulk of their money back by the end of this year.
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