Global ETF News Older than One Year
Definitions and disclosure of non-performing exposures and forbearance proposed by the Basel Committee
April 14, 2016--The Basel Committee on Banking Supervision has today issued for consultation Prudential treatment of problem assets-definitions of non-performing exposures and forbearance.
At present, banks categorise problem loans in a variety of ways and there are no consistent international standards for categorising problem loans. The definitions proposed by the Basel Committee aim to promote harmonisation in the measurement and application of two important measures of asset quality and thereby foster consistency in supervisory reporting and disclosures by banks.
Source: BIS
Bond investors turn passive aggressive as ETFs swell
April 14, 2016--Investors are becoming passive, aggressively. While substantial inflows into funds that merely track a stock market index is not new, the trend is becoming increasingly powerful in bond markets too.
This raises a host of thorny issues both for bond buyers, as well as the community of active managers who stake their claim to command juicier fees on an ability to beat the performance of a benchmark or index.
Source: FT.com
IMF Survey-Coping With a New Reality
April 13, 2016--Public debt ratios have worsened almost everywhere and public finances have become more vulnerable
Countries need to adapt, but "no one-size-fits-all"
Fiscal policy should be growth-friendly with a focus on measures that boost both short-and medium-term growth
In a context of fragile and uneven global economic recovery, a comprehensive policy response is needed to reduce vulnerab Tilities and improve growth prospects, the IMF said today in the latest Fiscal Monitor.
The April 2016 Fiscal Monitor examines how countries can respond to the sharp deterioration of fiscal positions in the past year.view more
view the FISCAL MONITOR (FM) Acting Now, Acting Together April 2016
Source: IMF
IMF Warns of Threats to Financial Stability
April 13, 2016--Risks have risen in advanced economies, remain high in emerging markets
Market turmoil reflected setbacks to growth, greater uncertainty, weaker confidence
More balanced, potent policy mix can expand global output by extra 2 percent
ver the last six months, global financial stability risks increased because of higher economic risks and uncertainty, falling commodity prices, and concerns about China's economy, , according to the International Monetary Fund's latest Global Financial Stability Report.
view the IMF Global Financial Stability Report (GFSR) Potent Policies for a Successful Normalization
Source: IMF
Balancing Work and Care in Aging Societies
April 13, 2016--From Europe and Central Asia to East Asia and the Pacific, rapid aging-increased life expectancy and lower fertility rates-puts enormous pressures on societies.
Aging economies need to increase women's labor force participation to counter the shrinking working population and boost economic growth.
This means redistributing the supply of informal and formal care, but also changing social norms and policies that tend to designate women as primary caregivers.
Source: World Bank
IMF World Economic Outlook (WEO): Too Slow for Too Long, April 2016
April 12, 2016--The baseline projection for global growth in 2016 is a modest 3.2 percent, broadly in line with last year, and a 0.2 percentage point downward revision relative to the January 2016 World Economic Outlook Update.
The recovery is projected to strengthen in 2017 and beyond, driven primarily by emerging market and developing economies, as conditions in stressed economies start gradually to normalize. But uncertainty has increased, and risks of weaker growth scenarios are becoming more tangible. The fragile conjuncture increases the urgency of a broad-based policy response to raise growth and manage vulnerabilities.
view the World Economic Outlook (WEO) Too Slow for Too Long April 2016
Source: IMF
BIS-Tenth progress report on adoption of Basel III standards published by the Basel Committee
April 11, 2016--The Basel Committee on Banking Supervision has today issued the Tenth progress report on adoption of the Basel regulatory framework.
This report sets out the adoption status of Basel III standards for each Basel Committee on Banking Supervision (BCBS) member jurisdiction as of end-March 2016. It updates the Committee's previous progress reports which have been published on a semiannual basis since October 2011 under the Committee's Regulatory Consistency Assessment Programme (RCAP).
view the Tenth progress report on adoption of the Basel regulatory framework
Source: BIS
ETF Securities Weekly Flows Analysis-The Fed minutes boost gold
April 11, 2016--Gold ETPs registered strong inflows after the release of the Federal Reserve (Fed) minutes of the March meeting on Wednesday suggested the chances of a rate hike in the short term were extremely limited.
The larger than expected draw on US crude oil inventory helped maintain flows into oil ETPs steady.
Inflows into broad commodity basket have risen to their highest level since December last year.
Source: etfsecurities.com
Assets invested in ETFs/ETPs listed globally have broken through the 3 trillion US dollars milestone for the second time at the end of Q1 2016, according to ETFGI
April 11, 2016-Assets invested in ETFs/ETPs listed globally have broken through the US$ 3 trillion milestone for the second time at the end of Q1. At the end of May 2015 the assets in ETFs/ETPs listed globally first exceeded the US$ 3 trillion milestone.
During March ETFs/ETPs listed globally gathered US$45.30 in net new assets. This marks the 26th consecutive month of net inflows. The Global ETF/ETP industry had 6,240 ETFs/ETPs, with 12,042 listings, assets of US$3.07 trillion, from 277 providers listed on 64 exchanges in 51 countries, according to preliminary data from ETFGI's March 2016 global ETF and ETP industry insights report.
Active asset managers knocked by shift to passive strategies
April 11, 2016--The deteriorating ability of money managers to beat their indices has led to investors accelerating a shift towards passive strategies such as exchange traded funds, adding to the pressure on actively managed funds to justify their fees.
Equity funds that are actively managed have suffered net outflows of $34.9bn globally this year but stock market ETFs have taken in another $7.6bn, according to research company EPFR, despite the turbulent performance of markets.
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Source: FT.com
