BGI Files For Active Leveraged Currency ETF
Source: http://www.indexuniverse.com/sections/newsinfocus/5848-barclays-files-prospectus-for-first-active-etf.html?Itemid=3&utm_source=straightstocks.com&utm_medium=sidebar&utm_campaign=rssPosted on Monday, May 18th, 2009 | In Exchange Traded Funds, Market Commentary
The prospectus for the first of the proposed new active iShares funds has been filed with regulators.
As reported earlier by IndexUniverse.com, new actively managed iShares exchange-traded funds are being planned by Barclays Global Investors.
The prospectus for the first of the proposed new iShares funds has been filed with the Securities and Exchange Commission. Dated May 15, the new ETF would be focused on foreign currencies. It would implement absolute return strategies by investing in long- and short- positions in foreign-currency forward contracts and exchange-traded futures contracts.
Barclays Global Fund Advisors will serve as the ETF’s adviser and select the contracts to be used based on quantitative models and other proprietary methods created by BGFA.
The proposed currency ETF would trade on the NYSE Arca exchange with the ticker “ALT.”
You can read about the original filing, as well as plans for more active ETFs, here.
The full prospects can be found here.
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Barclays, Barclays Global Fund;, Exchange Traded Funds, index universe, Market Commentary, Securities And Exchange Commission
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IndexUniverse encompasses the world of indexing and beyond. Our website and related subsites cover product and market developments related to index funds, exchange-traded funds (ETFs), index derivatives (futures / options / swaps), and the sophisticated investment strategies which use these financial tools. Our goal is to provide the industry's best news, columns, research, and features about the dynamic field of index-based investing and trading. Industry professionals, individual investors, business/finance students and academic researchers will find various features targeting their interests and needs. We also provide valuable tools and data to assess markets and investment products, and specialized discussion boards for our registered members to exchange cutting-edge ideas and market views. We aim to be educational, thought-provoking, and most importantly, rigorously independent in our perspective. The development of IndexUniverse was a global effort, originally led by Steven Schoenfeld and Jim Wiandt, supported by John Spence and a diverse team in the U.S., Europe and Latin America, and enhanced by editorial contributors from around the world. The site is now managed solely by Jim Wiandt and the global Index Publications LLC team. The site was originally started by Steven as a data and information complement to his book, Active Index Investing, published by Wiley Finance in July 2004. As he recognized the need and potential for such a resource, in August 2003, Steven partnered with Jim, who as editor of The Journal of Indexes similarly recognized the industry's need for timely, useful and independent information on products and markets. |
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