BlackRockETP Landscape: Fixed income drives flows
May 12, 2015--BROAD EM EQUITY, CURRENCY-HEDGED EQUITY AND FIXED INCOME HIGHLIGHT APRIL ETP FLOWS
Global ETP inflows moderated to $6.5bn in April, reflecting renewed momentum for fixed income flows as well as mixed results for equities ever since the U.S.Fed took a more cautious stance during its mid-March meeting
Broad EM equity funds gathered $2.5bn, the first notable inflows since last August, though additional A-shares ETP selling drove China equity outflows of ($7.7bn) with investors shifting focus to less expensive H-shares
Despite a pause in U.S. dollar appreciation, strengthening is expected to resume and currency-hedged equity ETPs accumulated another $11.2bn
Fixed income flows accelerated amid uncertainty over the pace of global economic growth, bringing in $9.9bn spread across U.S. Treasuries and TIPS as well as higher-yielding corporate bonds and EM debt
U.S. equity outflows accelerated to ($15.5bn), reflecting weakness for both large and small cap funds
Source: BlackRock- ETP Research
BetaShares Global Market Review: April 2015
May 12, 2015--The main theme last month was a bounce back in commodities due (perversely) to softer US and Chinese economic data, which softened the $US and raised hopes for more monetary stimulus.
We do not expect the soft patch of US economic data to last. We still favour risk markets from a medium-term perspective, with a bias toward
Source: BetaShares
ETF Securities-April Precious Metals Monthly-A Mean Reversion Month
May 12, 2015--Gold consolidates despite the US dollar declining the most in 4 years and oil rallying the most in 6 years.
Record stock prices and rate hike fears despite weaker economic data puts a lid on gold prices.
Palladium was the best performer on the back of the surprise bank reserve cut in China and strong auto sales.
Exchange Traded Product (ETP) flows were positive in all precious metals led by palladium.
Source: ETF Securities Research
OPEC Sees Oil Price Below $100 a Barrel in the Next Decade
Pessimistic Assessment May Mean That the Oil Cartel Returns to Production Quotas
May 12, 2015--The Organization of the Petroleum Exporting Countries doesn't see oil prices consistently trading at $100 a barrel again in the next decade, a pessimistic assessment that has the group considering the return of production limits to influence the market, according to people familiar with a recent strategy report.
The report predicted that oil prices will be about $76 a barrel in 2025 in OPEC’s most optimistic scenario, the people said, a reflection of the cartel’s worries that American competitors will be able to cope with low prices and keep pumping out supplies.
Source: Wall Street Journal
Platforms accused of pulling the wool over assets
May 12, 2015--Platform providers have been accused of attempting to secure inflows from advisers using asset under management
figures which could inflate the perception of the level of retail business they are conducting.
Source: FTAdviser
BIS, ECB and IMF publish the Handbook on Securities Statistics
May 12, 2015--The joint handbook assists the production of internationally comparable securities statistics.
It covers the conceptual framework for statistics on debt and equity securities.
Set of detailed presentation tables using the concepts and guidelines.
The Bank for International Settlements (BIS), the European Central Bank (ECB) and the International Monetary Fund (IMF) today jointly released the Handbook on Securities Statistics.
The importance of securities markets in intermediating financial flows, both domestically and internationally, underscores the need for relevant, coherent and internationally comparable statistics.
view the Handbook on Securities Statistics
Source: BIS
Horizon Software Upgrades Delta One Trading System to Support ETFs
May 11, 2015--As Exchange Traded Funds (ETFs) are still out-growing the wider asset management industry, Horizon Software has released a new version of its trading platform for electronic trading and market making to support growth
in different types of Delta One products, including ETFs.
Source: Waters Technology
New Report Shows How to Decarbonize Development with 3 Steps to a Zero Carbon Future
May 11, 2015--A new World Bank Group report lays out three steps countries can follow to reduce net emissions of greenhouse gases to zero and stabilize climate change: Plan for the end goal, not just the short-term; get prices right as part of a broad policy package that triggers changes in investment and behavior; and smooth the transition for those most affected.
The actions necessary to make the transition to zero net emissions are affordable if governments start today, the report Decarbonizing Development: Three Steps to a Zero Carbon Future says, but it warns that the costs will grow if action is delayed. Waiting until 2030 would increase the global cost by 50 percent.
view the report-Decarbonizing Development: Three Steps to a Zero Carbon Future
Source: World Bank
China Eclipses U.S. To Become World's Largest Importer Of Crude Oil
May 11, 2015--China has overtaken the U.S. as the world's largest importer of crude oil for the first time, according to a report from the Financial Times (FT).
Highlighting a seismic shift in global energy flows over the past decade, China has eclipsed the U.S. in April and has became the top global crude importer.
Source: Emergingequity.org
Nasdaq adopts bitcoin backbone for stocks
May 11, 2015--Nasdaq is to start using the technology behind the virtual currency bitcoin to handle transactions on its market, making it what is thought to be the first major financial market to adopt the idea.
The blockchain-the backbone on which bitcoin depends-has attracted wide interest in the financial world as a potentially revolutionary way to streamline many different types of transactions, though few alternative applications have yet been tried beyond bitcoin.
Source: FT.com