In late January, S&P Dow Jones Indices and the Chicago Board Options Exchange announced in a press release an end to the long-running litigation with the International Securities Exchange, a U.S.-based subsidiary of Deutsche Borse.
NYSE London International Financial Futures and Options Exchange (Liffe) is expanding its derivative desk by offering futures contracts linked to smart-beta indexes from MSCI.
Futures linked to minimum volatility and equal-weighted indexes were to be available beginning Feb. 3. The new investments will be available via Bclear, NYSE Liffe’s cleared service for equity derivatives. Futures are normally linked to mainstream, capitalization-weighted indexes like the FTSE 100.
PowerShares debuted the PowerShares NYSE Century Portfolio (NYCC) in mid-January. The fund invests in companies that have been incorporated in the U.S. for at least 100 years, have been listed on a major U.S. securities exchange for at least 10 years, and have a market capitalization of at least $1 billion.
In late January, iShares said that it was shuttering 10 All Country World Index (ACWI) ex-U.S. sector funds after the close of business on March 25, 2014, the result of weak asset gathering since the funds were launched more than three years ago.
The 10 funds, which altogether had about $54 million in assets at the time of the announcement, were brought to market on July 13, 2010.
Emerging Global Advisors broke new territory when it launched three ETFs in mid-January targeting emerging market bonds. The three funds invest respectively in short-, intermediate- and long-term emerging market investment-grade bonds and are subadvised by asset manager The TCW Group.
The new launches include:
Van Eck said in January that the Market Vectors China ETF (PEK | F-49), which formerly invested in Chinese securities via derivatives, would be taking a direct route to the Chinese A-share market by owning actual stocks going forward.
In late January, Deutsche Bank rolled out three additions to its roster of currency-hedged ETFs. As of the end of the month, the ETF provider had a family of 11 currency-hedged ETFs, providing exposure to various countries and regions.
In December, UBS, the bank behind the Etracs family of exchange-traded notes, launched a double-exposure ETN focused on closed-end funds that are expected to shoot off a dividend of 19.4 percent.
The Etracs Monthly Pay 2xLeveraged Closed-End Fund ETN trades on the NYSE Arca under the symbol “CEFL” and has an “annual tracking rate” of 50 basis points, according to regulatory paperwork.
Bronxville, N.Y.-based Recon Capital Advisors unveiled a covered-call ETF dubbed the Recon Capital Nasdaq 100 Covered Call ETF (QYLD) in mid-December. The ETN tracks the CBOE Nasdaq-100 BuyWrite Index. It costs 0.60 percent per year.