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ETF Roundup: August 20
IndexUniverse Staff (August 20th, 2009) Writes:
Law Firms Threatening Action Against Leveraged ETF Providers
At least two law firms say they're talking to clients who use leveraged exchange-traded funds about potential lawsuits against the funds' providers.
The list is large and includes ETFs sponsored by ProShares, PowerShares, Direxion and ETF Securities, which recently entered the U.S. (see story here.)
How do we know this? The law firms, of course, put out a press release. You can read it here.
Two Deutsche Bank Funds Hit By CTFC Ruling
A pair of PowerShares-DB commodity ETFs will be curtailed in how much they can buy in soybeans, wheat and corn due to a decision by the Commodity Futures Trading Commission.
You can read this Bloomberg News report for more details. Also, check Matt Hougan's blog here.
SSgA's Hoguet: Sovereign Wealth Funds To Buy SDRs
Special drawing rights, or SDRs, are what the International Monetary Fund uses internally as currency markers to traverse
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