Global ETF News Older than One Year
Shorting the Climate: Fossil Fuel Finance Report Card 2016
June 15, 2016--In the past three years, the North American and European commercial and investment banking sector has engaged in fossil fuel financing practices that are deeply at odds with the global climate agreement reached at COP 21 last December.
The Paris Climate Agreement's target of limiting warming to 1.5°C (or, at most, 2°C) above pre-industrial levels will require a rapid decarbonization of the global energy system. Distressingly, levels of fossil fuel financing by major North American and European banks between 2013 and 2015 are incompatible with these climate stabilization targets...
view the $horting the Climate: Fossil Fuel Finance Report Card 2016
Source: priceofoil.org
IEA releases Oil Market Report for June
June 14, 2016--Unexpected supply cuts and outages in North America, Africa and South America dampen global production forecasts
Outages in OPEC and non-OPEC countries cut global oil supply by nearly 0.8 mb/d in May. At 95.4 mb/d, output stood 590 kb/d below a year earlier-the first significant drop since early 2013. Non-OPEC supply growth is expected to return in 2017 at a modest 0.2 mb/d, after declining by 0.9 mb/d in 2016, the newly released IEA Oil Market Report (OMR) for June informs subscribers.
Source: IEA (International Energy Agency)
Citi, Deutsche and JPMorgan censured for backing fossil fuel
June 14, 2016--Citigroup, Deutsche Bank and JPMorgan Chase have delivered billions of dollars in financing for coal, oil and gas companies that is "deeply at odds" with the goals of the Paris climate change accord, according to a study.
Source: FT.com
OPEC Monthly Oil Market Report June 2016
June 13, 2016--Oil market highlights
Crude Oil Price Movements
The OPEC Reference Basket averaged $43.21/b in May, representing a gain of $5.35 over the previous month. ICE Brent ended up $4.31 at $47.65/b, while Nymex WTI rose $5.67 to $46.80/b. The ICE Brent-Nymex WTI spread narrowed significantly to 85¢/b in May from
$2.21/b the month before.
World Economy
World economic growth is forecast at 3.1% for this year, after estimated growth of 2.9% the year before, both unchanged from the previous month. OECD growth in 2016 remains at 1.9%, slightly below the 2.0% seen in 2015.
The forecast for the major emerging economies remains unchanged. China and India continue to expand this year at a considerable level of 6.5% and 7.5%, respectively. Brazil and Russia, however, are forecast to remain in recession this year, contracting by 3.4% and 1.1%, respectively.
Source: OPEC
'Godfather' attacks smart beta again
June 12, 2016--Rob Arnott, pioneer of the strategy, says the underlying ideas behind many are 'nonsense'
Source: FT.com
Bats Continues ETF Growth, Adding 13 Listings in May
June 10, 2016--Bats Global Markets, Inc. (Bats: BATS), a leading global operator of exchanges and services for financial markets, today reported May data and highlights, including material expansions to its U.S. listing business.
Source: Bats Global Markets
ETFGI reports Assets invested in ETFs/ETPs listed globally reached a new record high of 3.143 trillion US dollars at the end of May 2016
June 9, 2016--ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed globally reached a new record high US$3.143 trillion at the end of May 2016, according to preliminary data from ETFGI's May 2016 global ETF and ETP industry insights report.
Record levels of assets invested in ETFs/ETPs were also reached at the end of May for ETFs/ETPs listed in the United States at US$2.229 trillion, and in Japan which reached US$147 billion.
Source: ETFGI
Traders oust iShares from ETF top spot
June 9, 2016--After topping the flow charts every year since 2012, the world's biggest ETF manager has been forced to settle for second place so far in 2016.
Source: Financial News
OECD Business and Finance Outlook 2016
June 9, 2016--It is seven years since the global crisis and despite easy monetary policy, financial regulatory reform, and G20 resolutions favouring structural measures, the world economy is not making a lot of progress.
Indeed, the responses to the crisis seem mainly to have stopped the banks from failing and then pushed the many faces of the crisis around between regions-currently taking the form of excess capacity in emerging markets.
Source: OECD
China Turns To Islamic Finance To Drive Economic Initiative
June 9, 2016--In 2013, Chinese President Xi Jinping unveiled the Silk Road Economic Belt and the 21st-century Maritime Silk Road initiative now known as One Belt One Road, (OBOR) in order to actively develop connectivity and economic cooperation with countries mainly between China and Eurasia.
The initiative aims to build a community of shared interests, destiny and responsibility with mutual political trust, economic integration and cultural inclusiveness.
Source: Zawya.com
