Global ETF News Older than One Year
BNY Mellon to Acquire Full Ownership of HedgeMark International, LLC
Integrates with and complements the company's Global Risk Solutions capabilities; Meets demand for more transparency and control from institutions investing in hedge funds
February 24, 2014-- BNY Mellon, a global leader in investment management and investment services, announced that it has signed an agreement to acquire the remaining 65% interest of HedgeMark International, LLC, a current affiliate and a provider of hedge fund managed account and risk analytic services.
The deal is expected to close in the second quarter, subject to regulatory approval. Financial terms of the transaction were not disclosed. BNY Mellon has held a 35% ownership stake in HedgeMark since 2011.
Founded in 2009 and headquartered New York, HedgeMark assists in the structuring, oversight, and risk monitoring of hedge funds, specifically dedicated managed accounts. More and more, institutional investors globally are using dedicated managed accounts – single investor funds-as a way to invest in hedge funds that allow for greater customization, transparency, liquidity and control.
Source: BNY Mellon
ETF Securities-Precious Metals Weekly-Silver ETPs see Strong Demand as Price Rally Gains Momentum
February 24, 2014--Silver ETPs see strong demand as price rally gains momentum. The silver price has
rallied 12% so far this year, ahead of gold's 10% increase over the same period. Silver is
viewed by some investors as a leveraged version of gold. Since 2000 on average during
months the gold price has increased silver has gained about 1.4 times the gold price
increase.
In 2013 the silver price declined about 1.3 times more in percentage terms than the gold price. This may explain why investors have been building their positions in silver ETPs this year. Silver ETP holdings this year are up about 0.5% to 625 million ounces compared to a year-to-date decline of 1.5% for total gold ETF holdings (though inflows have resumed in recent weeks). Total silver ETF holdings are only 3% below the all-time peak of October of 2013,compared to the 34% decline in total gold ETF holdings (see chart on page 2). While this may be viewed as a potential vulnerability to the silver price rally and should be watched carefully,as long as the silver price holds up,more silver ETP buying is likely. Platinum price supported as platinum stocks run down on extended South Africa labor strike. We are now 23 working days into the strike and producers now only have a few weeks of stocks left. So far 230,000 ounces of production have been taken off the market,equivalent to almost 4% of 2013 global platinum supply. Should the strikes persist for a few more weeks,the price of platinum could react strongly.
Source: ETF Securities
HSBC Private Bank appoints investment co-heads
February 24, 2014--The firm has named global co-heads for its private bank investment group, one based in Hong Kong and the other in London. They replace a London-based CIO, who has retired.
HSBC Private Bank has appointed new co-heads for its global investment group, one based in Hong Kong and the other in London, AsianInvestor has learned. It comes after the retirement of Nigel Webber at the end of last year after 15 years with the firm.
Source: Asian Investor
Regulators stalk secretive financial giants
February 23, 2014--The secretive giants of the hedge fund industry face making unprecedented disclosures about their trading positions to global regulators, which are considering whether to classify these companies as systemically important financial institutions (Sifis).
Driven by concerns that significant disruption to the global financial system could be caused by the failure or distress of a large or highly leveraged hedge fund...
Source: FT.com
New Brunswick trumps Alberta as world's No. 1 spot for mining investment; Saskatchewan, Manitoba, Quebec slip in global rankings
February 23, 2014--New Brunswick is the world's most attractive jurisdiction for mineral exploration and development in the view of the international mining industry, according to the Survey of Mining Companies: 2011/2012, released today by the Fraser Institute, Canada's leading public policy think-tank.
"New Brunswick shot to the top of the rankings as miners lauded the province for its fair, transparent, and efficient legal system and consistency in the enforcement and interpretation of existing environmental regulations," said Fred McMahon, Fraser Institute vice-president of international policy research and coordinator of the survey.
"Combine that with a competitive taxation regime and minimal uncertainty around disputed land claims and New Brunswick has emerged as a superstar in the view of the global mining community."
view the Survey of Mining Companies: 2011-2012 Mining Survey 2011-2012 Data
Source: Fraser Institute
IOSCO Focuses on Deeper Markets, Stronger Regulatory Capacity to Enhance Emerging Market Resilience
January 21, 2014--The Board of the International Organization of Securities Committees (IOSCO) met in Kuala Lumpur this week to drive its work on key issues facing global financial markets and securities regulators. Malaysian Prime Minister Najib Razak, who delivered a special address at the IOSCO Board dinner, emphasized the key role IOSCO plays in shaping long term architecture of global capital markets.
The meeting intensified IOSCO's commitment to regulators in growth and emerging markets in building resilient capital markets to withstand volatility in global markets while supporting sustained economic growth.
Source: IOSCO
Ambitious structural reforms can pave the return to strong and sustainable growth, OECD says
February 21, 2014--Adopting ambitious and comprehensive structural reform agendas will offer governments the best chance for a return to strong, sustainable and balanced economic growth that creates jobs and reduces inequality, according to the OECD's latest Going for Growth report.
The report assesses and compares progress that countries have made on structural reforms since 2012 and takes a fresh look at what else can be done to revive growth and make it more inclusive. The OECD shows that most governments have continued enacting reforms, despite the challenges posed by a subdued growth environment, and highlights actions that can still be taken to boost productivity, raise public sector efficiency, improve educational outcomes, and strengthen labour markets.
view the OECD Economic Policy Reforms 2014-Going for Growth Interim Report
Source: OECD
Accuvest : Newest Whitepaper: Multi-Style Global Equity Investing
February 21, 2014--This paper looks at the performance of a multi-factor approach to investing in equities across countries, and not just within countries.
Some of the key study highlights include:
Factor exposures exhibit alpha across countries, not just within countries
Momentum and valuation factors generate the greatest outperformance
Factors exhibit low correlations to each other,creating valuable diversification opportunities for portfolio managers
Source: Accuvest Global Advisors
World Bank: Pension Reforms Needed in Emerging Europe and Central Asia to Protect Future Generations
Countries struggle to meet pension needs of their aging populations
February 21, 2014--The profound effects of aging populations and a shrinking labor force on overstretched state pension schemes in emerging Europe and Central Asian countries demand significant reforms, says the World Bank's new report The Inverting Pyramid: Pension Systems Facing Demographic Challenges in Europe and Central Asia.
If bold pension reforms are not made, it will be today's young and the elderly poor who will suffer the most from the inability of state pension systems to ensure basic income protection in old-age. Failing to act today raises equity concerns for the next generation as it would likely result in future pension benefits cuts and these would hurt the poor more than the rich, according to the report.
Source: World Bank
Smart beta growing as the 'third pillar' of investment portfolios
February 20, 2014--Most institutions see 'smart beta' funds as a potential substitute for some active management although retail investors may not be quite as quick to jump on board.
State Street Global Advisors surveyed 300 institutional clients and found 42 per cent use smart beta strategies while a further 24 per cent intend to do so in the next three years
Source: Fundweb.co.uk
