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A new 13-D filed for AMAG, Pictet Funds 5.1% stake
2/10, 10:47 AM, by johnwelshphd

Fed's Bernanke says Fed may first test reserve draining tools, scale up operations then raise rates when time comes to firm policy.#forex
2/10, 10:19 AM, by EasyForexDR

Fed's Bernanke says an increase in discount rate would be modest. #Forex
2/10, 10:19 AM, by EasyForexDR

Fed's Bernanke says low rates warranted for extended period. #Forex
2/10, 10:18 AM, by EasyForexDR

UK NIESR GDP Estimate (Jan) M/M 0.4% vs. Prev. 0.3% (Rev. to 0.1%).#FX
2/10, 10:12 AM, by EasyForexDR

ECB Council said to hold conference call on Greece tonight, said to convene at 1830 Frankfurt Time (1730 GMT).#Forex
2/10, 10:01 AM, by EasyForexDR

Stopped out AMAG 35.55, lost 100 bucks. Closed long position, swing from yesterday.
2/10, 9:40 AM, by johnwelshphd

Greek central bank says January cash deficit fell EUR 818mln. #Fx
2/10, 9:32 AM, by EasyForexDR

Greece default risk is very weak, Moody's tells Les Echos.#Forex
2/10, 9:17 AM, by EasyForexDR

Shorted 3k ATHX 3.64, did not get the best price, but with this news and the 20M share shelf thinking it fades all day
2/10, 8:36 AM, by johnwelshphd

Mike Malpede's US Morning Notes - USD rebounds awaiting details of a Greek rescue plan @ http://news.easy-forex.com
2/10, 8:21 AM, by EasyForexDR

GS may have helped to hide Greece's debt: http://nyti.ms/btnYC9 <--It's ok, it must have been a sign from god
2/10, 8:03 AM, by johnwelshphd

GBP$ drops to new lows on the back of dovish Inflation report which forecasts CPI falling below target. GBP$ 1.5640, EUR$ 1.3780 #FX
2/10, 7:36 AM, by EasyForexDR

ISIS & GENZ phase 3 Mipomersen meets primary endpoints - 28% reduction in LDL-cholesterol after 26 weeks
2/10, 7:35 AM, by johnwelshphd

ALXA Signs deal with BVF for AZ-004, 40 mil upfront, up to 90 mil in milestone payments plus royalties.
2/10, 7:06 AM, by johnwelshphd

OPEC trims 2010 world oil demand growth forecast to 810,000 BPD (Prev. forecast 820,000 BPD rise). OIL 73.84#FX #Market
2/10, 6:45 AM, by EasyForexDR

EU governments mull all options for Greece. Euro zone conference call at 14.00 today. #FX
2/10, 6:18 AM, by EasyForexDR

German government has made no decision yet over concrete aid measures for Greece. #FX
2/10, 6:07 AM, by EasyForexDR

BOE's King says it is far too soon to conclude that no more QE will be needed. #Forex
2/10, 6:01 AM, by EasyForexDR

Fri, Sep 3, 5:16 AM ET, by Michael Johnston
At the end of 2009 inflation was clearly on the minds of investors around the ...
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Thu, Sep 2, 7:16 PM ET, by Betty L. - Freshman Equities Trader, Hedge Fund Live
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Thu, Sep 2, 6:15 PM ET, by eDividendStocks.com
Verizon Communications (VZ: 30.11 -0.50%) announced today that the company is increasing their quarterly dividend ...
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Thu, Sep 2, 11:56 AM ET, by Michael Johnston
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Both volatility traders and long-term investors should be interested to know that Barclays launched the ...
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Bulls put up a valiant offensive in the last 20 minutes of trading on Tuesday ...
Doesn't Really Matter
Wed, Sep 1, 8:46 PM ET, by Sabrient.com
Housing-keeping note: Thanks to Wordpress’s destruction of Phil’s Favorites site (and replacement with an invite ...
Wed, Sep 1, 7:26 PM ET, by Betty L. - Freshman Equities Trader, Hedge Fund Live
It’s hard for me to get excited about today’s rally. I instantly want to point ...
Confirmation
Wed, Sep 1, 6:56 PM ET, by Zachary G. - Freshman Equities Trader, Hedge Fund Live
Today the market opened up approximately 3.5 handles and rallied modestly during the first half ...
Free Report: Hot Gold Stocks for 2011

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iShares Files For Global TIPS ETF

Fri, Sep 3, 5:16 AM ET, by Michael Johnston

At the end of 2009 inflation was clearly on the minds of investors around the globe, as the massive injections of liquidity into financial markets sparked fears of an inevitable uptick in prices. As the year has progressed, those fears may have retreated–deflation may be more of an immediate concern–but many remain convinced that investors will ultimately have to pay for the stimulus measures enacted in recent years.

Currently, there are a variety of ways to protect against rising inflation with ETFs; the Inflation Protected Bonds ETFdb Category includes seven funds, the largest of which is the ultra-popular iShares Barclays TIPS Bond Fund (TIP) (which has amassed over $20 billion in assets). While this segment of the market has grown in recent years, there is still a lack of options for accessing international inflation protected bonds; only the SPDR DB International Government Inflation-Protected Bond Fund (WIP), which is quickly closing in on the $1 billion dollar mark, invests in TIPS beyond the U.S.

iShares may soon have another horse in the TIPS race, offering a fund that is diversified beyond U.S.borders; the company recently filed for approval of a Global Inflation-Linked Bond Fund [also see TIPS ETFs: Looking Beyond TIP].

According to the filing with the SEC, this fund will seek to replicate the BofA Merrill Lynch Global Diversified Inflation-Linked Index, a market value weighted, capped total return benchmark designed to measure the performance of inflation-linked sovereign debt that is publicly issued and denominated in the issuer’s own domestic market and currency.

Additionally, the countries’ bond markets must meet a variety of criteria in order to be included in the index; the fund will not invest in any country that has defaulted on its debt and there must maintain $1 billion in qualifying debt in order to stay in the index [see all the ETFs in the ETFdb Inflation-Protected Bond Category].

As of the end of last month, the index consisted of 167 issues including securities from the following countries; Australia, Brazil, Canada, Chile, France, Germany, Greece, Israel, Italy, Japan, Mexico, Poland, South Africa, Sweden, Turkey, the United Kingdom and the United States. So while the proposed fund would have some similarities to WIP, there would be some major differences as well [also read 2010: Year Of The Bond ETF].

The exposure offered by WIP is “ex-U.S.” as heavy weightings in the UK and France combine to make up roughly 40% of the fund’s total holdings. The proposed iShares fund,on the other hand, would be more global in nature, offering exposure to a list of markets that includes the U.S.

According to the filing, with the exception of the U.S. Treasury, no issuer can hold greater than a 22.5% share of the underlying index, while no more than 48% of the underlying index can be comprised of issuers other than the U.S. Treasury that individually hold a 5% or greater share of the Underlying Index [also see Three International Bond ETFs For Europe's Bounceback].

So the new fund would be a blend between TIP and WIP, offering exposure to the global TIPS market. No ticker symbol or details on the expense ratio were included in the filing; TIP charges 20 basis points while fees for WIP come in at 0.50%.

[For news on all new ETF ideas, sign up for our free ETF newsletter.]

Disclosure: No positions at time of writing.


SDI Glossary: "Bond" Definition
SDI Glossary: "price" Definition
SDI Glossary: "ETFs" Definition
SDI Glossary: "Inflation" Definition
SDI Glossary: "iShares" Definition
SDI Glossary: "symbol" Definition
This Article's Word Cloud:   Bond   Category   ETFs   France   Fund   Global   Inflation   Linked   Protected   TIPS   Treasury   United   also   billion   countries   debt   exposure   filing   fund   have   hold   iShares   included   includes   index   inflation   investors   issuer   market   markets   more   offering   order   other   proposed   recent   some   than   that   there   this   total   underlying   variety   which   while   will   with   would   years

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