Global ETF News Older than One Year
ETF Securities Weekly Flows Analysis-Gold inflows strengthen as geopolitical risks take centre
April 16, 2018--Geopolitical risk drives US$33.2mn into long gold ETPs and US$13.6mn into long silver ETPs.
Inflows into copper ETPs rebound with US$29.1mn inflows last week.
US dollar ETP positions widened for the second week in a row to US$10.2mn, as investors positioned against the Euro.
Gold ETPs attracted the largest inflows in 23 weeks as risk aversion took centre stage amidst military activity in Syria and ongoing trade tensions. Following days of sabre rattling by Mr Trump, the US, UK and France launched a missile attack on Friday in an attempt to destroy the Assad regime's chemical weapon capabilities in Syria. In response, Russian president Vladimir Putin condemned the attack and warned that such action would inevitably lead to chaos. As the first port of call in times of political uncertainty, we expect gold to remain in demand for as long as the conflict between the US and Russia continues on the back of the Syrian crisis. In fact, for most of this year gold has been sporting its safe-haven hat.
Source: etfsecurities.com
ETFGI reports ETFs and ETPs listed globally gathered net inflows of US$18.99 Bn in March 2018
April 16, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed globally gathered US$18.99 Bn in net inflows in March 2018. YTD 2018 net inflows are at US$137.12 Bn which is less than the US$197.28 Bn in net inflows at this point last year. (All dollar values in USD unless otherwise noted.)
Highlights
Net new assets gathered by ETFs/ETPs listed globally were $18.99 Bn in March
March 2018 marked the 50th consecutive month of net inflows into ETFs/ETPs listed globally
The majority of these net inflows have gone into lows cost, core and market cap ETFs/ETPs
Source: ETFGI
DECPG Global Weekly
April 13, 2018--Taking Stock
U.S. inflation rose in March; FOMC minutes revealed members' optimism about the U.S. economy. The U.S. producer
price index (PPI) rose 3.0 percent (y/y) in March, above expectations and up from 2.8 percent in February, reflecting an
increase in the cost of services.
The core PPI-which excludes food and energy prices-rose 2.9 percent, up from 2.7 percent in February. The consumer price index (CPI) rose 2.4 percent (y/y), following February's 2.2 percent increase, while the core CPI rose 2.1 percent (y/y), up from 1.8 percent in February (Figure 1). Minutes from the Federal Open Market Committee (FOMC) March meeting revealed that its members had become more optimistic about the outlook for the economy, and expected inflation to reach its 2 percent target in the near term.
Source: World Bank
BlackRock growth dented by market volatility
April 12, 2018--BlackRock suffered a sharp slowdown in inflows in the first quarter of this year after an increase in stock market volatility, but the recent US tax cut and a strong showing by its technology platform buttressed the results of the world,s largest asset manager.
Source: FT.com
S&P warns leveraged loan market could 'turn sharply'
April 12, 2018--he current credit cycle is approaching its peak that could "turn sharply," putting lenders and borrowers at risk at a time when the leveraged loan market is increasingly popular with investors, S&P Global Ratings said.
A report by S&P warned that the cycle could "turn sharply, particularly given global trade tensions and rising interest rates. Lenders and borrowers are, thereforem increasingly vulnerable to a dramatic and sustained change in risk appetite and capital flows," the report said.
Source: www.pionline.com
World Bank-Blockchain & Distributed Ledger Technology (DLT)
April 12, 2018--Blockchain is one type of a distributed ledger. Distributed ledgers use independent computers (referred to as nodes) to record, share and synchronize transactions in their respective electronic ledgers (instead of keeping data centralized as in a traditional ledger). Blockchain organizes data into blocks, which are chained together in an append only mode.
Blockchain/ DLT are the building block of "internet of value," and enable recording of interactions and transfer "value" peer-to-peer, without a need for a centrally coordinating entity. "Value" refers to any record of ownership of asset--for example, money, securities, land titles--and also ownership of specific information like identity, health information and other personal data.
view the World Bank Distributed Ledger Technology (DLT) and blockchain Fin Tech Note| No.1
Source: World Bank
Patchwork financial regulation is a $780 billion drag on the economy
April 11, 2018-Fragmentation in global financial regulation costs more than
USD $780 billion annually, according to a survey released today by IFAC (International Federation of Accountants) and Business at OECD
(BIAC).
The survey, Regulatory Divergence: Costs,, Risks, Impacts: An International Financial Sector Study, examines the cost of regulatory divergence by taking the pulse of more than 250 regulatory and compliance leaders from major global financial institutions. The results quantify the massive impact of fragmented regulation: material economic costs, financial system risk, and barriers to economic growth.
http://biac.org/wp-content/uploads/2018/04/IFAC-OECD_Regulatory-Divergence_V9_singles.pdf" TARGET="_blank">view the Regulatory Divergence: Costs, Risks, Impacts: An International Financial Sector Study,
Source: BIAC
Harmonisation of critical OTC derivatives data elements (other than UTI and UPI)-technical guidance issued by CPMI-IOSCO
April 9, 2018--A new report provides technical guidance to authorities on harmonised definitions, formats and usage of a set of critical data elements for over-the-counter (OTC) derivative transactions reported to trade repositories, excluding the Unique Transaction Identifier (UTI) and the Unique Product Identifier (UPI).
Entitled Harmonisation of critical OTC derivatives data elements (other than UTI and UPI), the report is published jointly by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).
view the Harmonisation of critical OTC derivatives data elements (other than UTI and UPI)
Source: BIS
ETF Securities Weekly Flows Analysis-Safe havens gain traction as trade war escalates
April 9, 2018--Safe haven demand drives US$23.9mn into long gold ETPs and US$28.1mn into long silver ETPs.
Geopolitical risk led to US$21mn outflows from industrial metals baskets.
Long crude oil ETP inflows reach a seven-week high of US$20.6mn.
Trade wars escalate. When we first reported on the US tariffs, the Chinese retaliation was very limited, but we noted that it did not preclude further action. Last week we saw China announce a 25% tariff on 106 US goods targeting roughly US$50bn of imports (based on 2017 trade), matching the US’s target of US$50bn of Chinese imports into US. The tit-for-tat trade war has started. US President Trump then threatened a further set of tariffs on US$100bn of Chinese imports. This does not bode well for cyclical assets.
Source: etfsecurities.com
Global Debt Jumped to Record $237 Trillion Last Year
April 9, 2018--Norway, Canada, Sweden, China exceed pre-crisis debt levels
Debt as a percentage of GDP fell thanks to strong growth
Global debt rose to a record $237 trillion in the fourth quarter of 2017, more than $70 trillion higher from a decade earlier, according to an analysis by the Institute of International Finance.
Source: Bloomberg
