Global ETF News Older than One Year
ETF Securities-Investment Insights June 2017-Which Market Shocks Matter for Metals?
June 28, 2017--Summary
Heightened equity volatility historically benefits gold and
platinum, while equity drawdowns favor gold and silver.
Positive oil shocks tend to boost all precious metals while platinum has had the least sensitivity to extreme price drops
Shifts in reserve currencies may drag on precious metals, but shocks from emerging market currencies may be limited.
Source: etfsecurities.com
China's Current Account: External Rebalancing or Capital Flight?
June 28, 2017--Abstract: This paper examines an anomaly in China's current account: its large and rapidly growing travel expenditure. Drawing evidence from counterparty data, Chinese international arrival statistics, and gravity equation models extended to travel trade, I find that a significant amount of China's travel spending in the period 2014-2016 could not be explained by accounting factors or economic fundamentals.
The unexplained travel imports are inversely associated with domestic growth and positively associated with renminbi depreciation expectations against the dollar, suggesting that they are less likely to be consumption of goods and services abroad than domestic residents' acquisition of foreign financial assets.
Source: federalreserve.gov
China's fake travel spending masks capital flight, warns Fed
June 28, 2017--Outflows have also artificially cut country's trade surplus, says discussion paper
Capital flight disguised as overseas tourism spending has artificially cut China's reported trade surplus while masking the extent of investment outflows, according to research by the US Federal Reserve. A significant share of overseas spending classified in official data as travel-related shopping, entertainment and hospitality may over a 12-month period have instead been used for investment in financial assets and real estate, the Fed paper argued.
Source: FT.com
IOSCO Celebrates World Investor Week 2017: Securities Regulators Across the Globe to Promote Investor Education and Protection
June 28, 2017--The International Organization of Securities Commissions (IOSCO) today announced that it will hold a World Investor Week from 2nd through 8th October 2017, to promote greater investor education and protection worldwide.
IOSCO securities regulators across the globe will provide a variety of activities, including launching investor-focused communications and services, promoting contests to increase awareness of investor education initiatives, organizing workshops and conferences, and conducting local/national campaigns in their own jurisdictions.
Source: IOSCO
FSB issues a report on the financial stability implications from FinTech
June 27, 2017--The FSB has been analysing the potential financial stability implications from FinTech with a view to identifying supervisory and regulatory issues that merit authorities' attention.
Ten areas have been identified, of which the following three are seen as priorities for international collaboration:
the need to manage operational risk from third-party service providers;
mitigating cyber risks; and
monitoring macrofinancial risks that could emerge as FinTech activities increase.
Source: Financial Stability Board (FSB)
IMF Staff Discussion Note-Fintech and Financial Services: Initial Considerations
June 27, 2017--EXECUTIVE SUMMARY
From artificial intelligence to cryptography, rapid advances in digital technology are transforming
the financial services landscape, creating opportunities and challenges for consumers, service
providers, and regulators alike.
This paper reviews developments in this new wave of technological innovations, often called "fintech," and assesses their impact on an array of financial services. Given the IMF's mandate to promote the stability of the international monetary system, it focuses on rapidly changing cross-border payments.
Source: IMF
The global economy will be $16 trillion bigger by 2030 thanks to AI
June 27, 2017-It's widely accepted that artificial intelligence (AI) will have a huge impact on our lives in the coming decades-but what's its value to the global economy?
According to a new report, global GDP will be 14% higher in 2030 as a result of AI-the equivalent of $15.7 trillion, more than the current output of China and India combined.
Source: WEF (World Economic Forum)
ETF Securities Weekly Flows Analysis-Investors buying on weakness in oil & gold miners
Equity ETFs saw the highest inflows this week with US$42mn. The recent
weakness in the gold price has prompted investors to reassess gold miners which has seen inflows of US$68mn over the last two weeks.
Source: etfsecurities.com
Infographic: Emissions Change Starts at the Top
Source: visualcapitalist.com
Crypto Correction: Bitcoin and Ether Dive as Market Sheds $13 Billion
There was certainly ample evidence to suggest the answer was yes today, as cryptocurrencies both large and small suffered widespread losses, a decline that analysts attributed to profit taking from veteran investors.
Source: coindesk.com
June 26, 2017--The recent gold price weakness saw investors buy gold miners, with two week inflows of US$68mn.
Recent oil price weakness has prompted monthly inflows of US$165mn, representing 9% of AuM.
Cocoa inflows last week totalled US$9mn while inflows in coffee totalled US$7mn with recent weakness has been seen as a buying opportunity.
June 26, 2017--Some of the largest companies in America are also those leading the charge toward a more sustainable future, according to a joint report by Calvert Research, WWF, CDP, and Ceres.
June 26, 2017--Is the long-awaited "crypto correction" finally here?
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