Global ETF News Older than One Year
EPFR Global News Release-Flows reflect investor caution as unanswered policy questions abound
November 8, 2013--A horizon full of possible shifts in economic policy kept the lid on fund flows during the first week of November, with only Money Market Funds -a proxy for cash -and funds dedicated to European and Japanese assets seeing significant inflows.
Overall, EPFR Global-tracked Bond Funds took in a net $1.7 billion during the week ending Nov. 6 and Money Market Funds $22.2 billion while $1.7 billion flowed out of Equity Funds.
With the third quarter earnings season beginning to wind down, investors shaping their strategies for next year are looking ahead to the Chinese Communist Party Central Committee's 3rd plenary session starting this weekend, the US Federal Reserve's meeting and the European Union leaders' summit in December and the expiration of the temporary US debt and budget extensions in early 1Q14.
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Source: EPFR
Global ETF and ETP assets reached 2.3 trillion US dollars, a new record high, at the end of October 2013
November 8, 2013--October marked another month of strong inflows with global ETFs/ETPs. Combining the US$32.6 billion of net inflows with positive market performance during October global ETF/ETP assets reached a new record high of US$2.3 trillion, according to preliminary findings from ETFGI's October 2013 Global ETF and ETP industry insights report.
"The expectation that the Federal Reserve will maintain it's QE scheme at its current size into 2014 and positive market performance encouraged investors to put net inflows of US$32.6 billion back into the market through ETFs/ETPs" according to Deborah Fuhr, Managing Partner at ETFGI.
In October 2013, equity ETFs/ETPs gathered the largest net inflows with US$34.6 billion, while commodity ETFs/ETPs experienced the largest net outflows with US$2.8 billion followed by fixed income ETFs/ETPs that saw net outflows of US$227 million.
Source: ETFGI
Gas boom to reshape US role in Asia
November 8, 2013--A boom in gas production will reshape the US role in Asia and could fuel new tensions with a growing, energy-hungry China, a new report says.
US foreign policy has historically been based largely on demand for outside energy, with Washington closely allying itself with oil-rich Arab monarchies.
Source: FIN24
OTC derivatives statistics as at end-June 2013
November 7, 2013--The latest BIS statistics on over-the-counter (OTC) derivatives markets show that notional amounts outstanding totalled $693 trillion at end-June 2013.
Of this total, $668 trillion was reported by dealers in the 13 countries that participate in the BIS's semiannual survey of derivatives markets, and $25 trillion by dealers in the 34 countries that participate only in the Triennial Central Bank Survey.
view the BIS Statistical release OTC derivatives statistics at end-June 2013
Source: BIS
Financial Secrecy Index
November 7, 2013--Introduction--The Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their activities. A politically neutral ranking, it is a tool for understanding global financial secrecy, tax havens or secrecy jurisdictions, and illicit financial flows.
The index was launched on November 7, 2013.
Shining light into dark places
An estimated $21 to $32 trillion of private financial wealth is located, untaxed or lightly taxed, in secrecy jurisdictions around the world. Illicit cross-border financial flows add up to an estimated $1-1.6 trillion each year. Since the 1970s African countries alone are estimated to have lost over $1 trillion in capital flight, dwarfing their current external debts of 'just' $190 billion and making Africa a major net creditor to the world.
Source: www.financialsecrecyindex.com
Britain controls largest financial secrecy network - index
November 7, 2013--Britain controls either directly or indirectly a web of financial jurisdictions that makes it "the most important player in the financial secrecy world", according to an index by a financial secrecy watchdog released on Thursday.
Switzerland is the worst-ranked country, first in the Tax Justice Network’s 2013 Financial Secrecy Index and 21st, when overseas territories and crown dependencies are taken into account, easily tops the index, the watchdog said.
Source: Thomson Reuters
S&P Dow Jones Indices Announces 2014 Weights for the S&P GSCI(R)
Along With Current Action Plan for the Pending Change of Gas Oil to Low Sulfur Gas Oil
November 7, 2013--S&P Dow Jones Indices today announced the composition and weights for the 2014 S&P GSCI(R). The S&P GSCI is a world production-weighted commodity index which, in 2014, will be composed of 24 exchange-traded futures contracts on physical commodities across five sectors including: energy, industrial metals, precious metals, agricultural and livestock.
There will be no substantive modifications or new contracts added to or removed from the S&P GSCI for 2014. The weights of the 2013 S&P GSCI(R) along with the 2014 target weights are provided in the tables below. The 2014 weights become effective with the January 2014 roll period. Please refer to the attached spreadsheet for the 2014
Source: S&P Dow Jones Indices
BlackRock Research-ETP Landscape-October 2013-Washington drama drives ETP flows
November 7, 2013--Global ETP flows reached $32.9bn in October as the US debt ceiling was raised and the likelihood of Q4 Fed tapering faded under continued signs of slow US economic growth.
The combination of these factors plus additional signs of modest growth in Europe helped to boost flows into Developed and Emerging Markets Equities.
The industry saw $24.3bn of inflows since October 17th, demonstrating investors were waiting for a resolution to the drama in Washington to move back into the market.
Year-to-date flows of $194.2bn remain on pace with last year's record level, a strong proof point for the secular growth of the industry during what has been a volatile year.
Source: BlackRock ETP Landscape Research
MSCI reclassifies stocks in emerging, frontier market indexes
November 7, 203--Equity index provider MSCI on Thursday reclassified equities across a broad spectrum of emerging, developed and frontier markets as part of its November semiannual index review.
The changes will be made effective as of the close of business on November 26, MSCI said in a statement.
Source: Reuters
ESMA and EBA consult on complaints handling guidelines for the investment and banking sectors
The proposed Guidelines will build on the existing guidelines on complaints handling by insurance undertakings published by the European Insurance and Occupational Pensions Authority (EIOPA) in June 2012. The consultation runs until 7 February 2014.
Consumers in the EU can purchase, and firms can offer, financial services and products in the banking, investment and insurance sectors across the EU. In order to increase market confidence of all participants, the Joint Committee of the three European Supervisory Authorities (ESAs) is seeking to develop a harmonised approach to handling complaints. The three ESAs are doing so through guidelines that, once adopted, would apply equally across all 28 Member States and will be the same for all three sectors of financial services.
Source: ESMA
November 6, 2013--The European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) have jointly launched a consultation on guidelines for complaints handling in the securities and markets sectors.
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