Global ETF News Older than One Year
ETF Landscape: Industry Preview - December 2009
December 21, 2009--Highlights
Global ETF and ETP Industry 2009:
* Global ETF assets have hit an all time high of US$982 Bn at the end of November 2009; 4.3% above the previous all time high of US$942 Bn set in October 2009.
* At the end of November 2009 the Global ETF industry had 1,907 ETFs with 3,678 listings and assets of $982.28 Bn, from 103 providers on 39 exchanges around the world.
* Globally, net sales of mutual funds (excluding ETFs) were US$13.3 Bn, while net sales of ETFs were US$93.8 Bn during the first nine months of 2009 according to Strategic Insight.
* Additionally, there were 601 other Exchange Traded Products (ETPs) with assets of US$154.52 Bn from 40 providers on 19 exchanges.
* Combined, there were 2,508 products with 4,565 listings and assets of US$1,136.80 Bn from 129 providers on 42 exchanges around the world.
US ETF and ETP Industry 2009:
* US ETF assets have hit an all time high of US$665 Bn at the end of November 2009 which tops the previous all time high of US$640 Bn set in October 2009.
* At the end of November 2009 the US ETF industry had 753 ETFs and assets of $665.45 Bn, from 26 providers on two exchanges.
* In the US, net sales of mutual funds (excluding ETFs) were minus US$131.5 Bn, while net sales of ETFs domiciled in the US were positive US$64.0 Bn in the first nine months of 2009 according to Strategic Insight.
* Additionally, there were 144 other Exchange Traded Products (ETPs) with assets of US$88.38 Bn from 18 providers on one exchange.
* Combined, there were 897 products with assets of US$753.82 Bn from 40 providers on two exchanges in the US.
European ETF and ETP Industry 2009:
* European ETF assets have hit an all time high of US$217 Bn at the end of November 2009 which is 5.5% above the previous all time high of US$206 Bn set in October 2009 and 35.5% above the high of
* At the end of November 2009 the European ETF industry had 812 ETFs with 2,315 listings and assets of $216.78
* In Europe net sales of mutual funds (excluding ETFs) were US$177.7 Bn while net sales of ETFs domiciled in Europe were US$28.6 Bn during the first nine months of 2009 according to Lipper FMI.
* Additionally, there were 175 other Exchange Traded Products (ETPs) with assets of US$19.95 Bn from five providers on six exchanges.
* Combined, there were 987 products with assets of US$236.73 Bn from 33 providers on 18 exchanges in Europe.
Source: ETF Research and Implementation Strategy, Blackrock
Dubai Gold Securities: Gold Investments Continue To Shine Despite New Price Highs
December 20, 2009--Central banks increasingly looking at gold for its diversification properties, Q3 2009 marked the second consecutive quarter-on-quarter improvement in both jewellery and investment demand, Demand for gold investment to remain strong with investors looking for simpler and secure means to play the gold market
The outlook for gold investment remains positive and will continue to be underpinned by inflation, economic uncertainty and investors' search for diversification, Rozanna Wozniak, Investment Research Manager at the World Gold Council stated in a webinar on Gold Demand Trends.
Wozniak presented an analysis of Q3 2009 gold demand supply dynamics and trends to investors and traders via a webinar on arabianbusiness.com jointly hosted with Dubai Gold Securities.
"The recent positive steps by India and Sri Lanka to acquire gold suggest that central banks are increasingly looking at gold for its diversification properties. While the outlook for gold investment is healthy in western economies, trends in the non-western markets are likely to mirror the jewellery market," Wozniak said.
Source: Zawya
Gold falls 3 percent as dollar surges versus euro
December 18, 2009--Gold prices fell 3 percent in Europe on Thursday, pressured by the dollar's rise to 3-1/2 month highs against the euro as new concerns emerged over Greece's fiscal health.
A statement by the Federal Reserve, in which it voiced growing optimism on the U.S. economy after it left interest rates unchanged on Wednesday, also supported the dollar.
Spot gold was bid at $1,104.10 an ounce at 1654 GMT (11:54 a.m. EST), against $1,137.80 late in New York on Wednesday. Earlier it touched a low of $1,102.90.
"We had the downgrading of Greece, and that is putting a bit of tension back into the euro," said Ole Hansen, senior manager at Saxo Bank.
Source: Reuters
CFTC Montly Bank Participation Report
December 2009-Futures
Source: CFTC
Deutsche Bank to ‘globalise’ bonus pain
“We will clearly globalise it,” Josef Ackermann, Deutsche’s chief executive, told the Financial Times, in remarks that risk angering staff outside London. “If parts [of the cost of the tax] are paid out of the bonus pool, we would seek to globalise it. It would be unfair to treat the UK bankers differently.”
Source: FT.com
U.S. International Reserve Position
I. Official reserve assets and other foreign currency assets (approximate market value, in US millions)
December 17, 2009--These monthly reports list commodities and U.S. and foreign banks active in the futures and options markets.
December 17, 2009--Deutsche Bank will spread the pain of Britain’s controversial supertax on bankers’ bonuses among its staff around the world, becoming the first leading international group to spell out how it will deal with the financial hit.
December 17, 2009--The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $135,827 million as of the end of that week, compared to $136,431 million as of the end of the prior week.
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December 11, 2009 |
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A. Official reserve assets (in US millions unless otherwise specified) 1 |
Euro |
Yen |
Total |
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(1) Foreign currency reserves (in convertible foreign currencies) |
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135,827 |
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(a) Securities |
10,396 |
14,576 |
24,972 |
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of which: issuer headquartered in reporting country but located abroad |
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0 |
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(b) total currency and deposits with: |
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(i) other national central banks, BIS and IMF |
15,042 |
7,100 |
22,142 |
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ii) banks headquartered in the reporting country |
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0 |
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of which: located abroad |
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0 |
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(iii) banks headquartered outside the reporting country |
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0 |
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of which: located in the reporting country |
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0 |
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(2) IMF reserve position 2 |
13,721 |
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(3) SDRs 2 |
58,672 |
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(4) gold (including gold deposits and, if appropriate, gold swapped) 3 |
11,041 |
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--volume in millions of fine troy ounces |
261.499 |
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(5) other reserve assets (specify) |
5,278 |
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--financial derivatives |
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--loans to nonbank nonresidents |
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--other (foreign currency assets invested through reverse repurchase agreements) |
5,278 |
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B. Other foreign currency assets (specify) |
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--securities not included in official reserve assets |
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--deposits not included in official reserve assets |
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--loans not included in official reserve assets |
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--financial derivatives not included in official reserve assets |
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--gold not included in official reserve assets |
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--other |
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Source: U.S. Department of the Treasury.
Leaders set for 'insufficient' climate change deal
December 17, 2009--A global deal to address climate change is likely to be agreed today but the commitments it contains on cutting greenhouse gases will fall short of the minimum target set by the UN’s science body.
The European Union is preparing to increase its commitment on cutting emissions as part of an endgame at the Copenhagen summit which will see other countries making similar concessions.
A pledge yesterday by the United States to contribute to a $100 billion (£60 billion) annual climate protection fund appeared to have won sufficient support from developing countries, which are desperate not to walk away empty-handed from the summit.
Source: Timeson-line
ETF Landscape: Industry Review - November 2009
December 17, 2009--This report is a review of the Exchange Traded Funds (ETFs) and Exchange Traded Products (ETPs) industry through the end of October 2009.
At the end of October 2009 the global ETF industry had 1,859 ETFs with 3,327 listings and assets of US$941.85, from 97 providers on 40 exchanges around the world.
Source: Source: ETF Research and Implementation Strategy Team, Blackrock
Could the wisdom of crowds help investor and regulator madness on governance and ownership?
An anonymous survey of investor concerns might be the basis for neutral dialogue to prevent future systemic crises.
December 16, 2009--Charles Mackay’s 1841 classic book: ‘Extraordinary Popular Delusions and the Madness of Crowds’, has been a staple for readers – notably financiers – interested in some of the biggest – and strangest – societal neuroses in recent centuries. Alongside a fascinating chapter on the ‘Influence of politics and religion on the hair and beard’ (bear with me), there are accounts of the wildest and most damaging historical financial speculations: Tulipomania in 17th century Holland, the South Sea bubble in 18th century England and the Mississippi Scheme of 1720 in which Scots rogue, John Law, bankrupted the French state and many of its citizens with promises of riches in the Americas.
The book records the seemingly inexorable link between greed, folly and herd mentality; all present and correct in our latest financial breakdown to such devastating affect. Re-reading Mackay got me thinking about the practical, tangible responses of regulators and institutional investors to the credit crunch to try and ensure it doesn’t happen again. Amidst the political and public clamour for resolution, I wondered if there had actually been any action yet, outside of short-term banker bonus hysteria? Are we doomed to relive the same calamitous bubble manias over and over again, and can we afford to? The answer to the last question should, I hope, be no, with the caveat that financial bubbles are probably unavoidable.
Link to the report: Credit Crisis, Business as Usual for Institutional Investors?
Source: Responsible Investor
Dow Jones Indexes Wins 18th Award for its Islamic Market Index Series
December 16, 2009--Dow Jones Indexes, a leading global index provider, today announced that it has been named “Best Index Provider Shari’ah compliant Indexes” by Dubai-based Islamic Business & Finance magazine.
The Islamic Business & Finance awards are designed to inspire and reward excellence in Islamic business and finance globally.
“2009 marks the tenth anniversary of the Dow Jones Islamic Market Indexes and we proudly look back on a remarkable decade of leading-edge index innovation and excellence. Market participants globally have chosen our superior and unique Islamic indexes to be the standard for Shari’ah compliant indexing. We are honored to conclude this commemorative year with this prestigious award. We remain committed to provide meaningful, new Islamic indexes in the years to come,” said Michael A. Petronella, president, Dow Jones Indexes.
Award winners are based on votes of readers of Islamic Business & Finance via its website http://www.cpifinancial.net. The published short list of nominees is initially created by an independent board of advisors based on achievements over the last year of business.
The Dow Jones Islamic Market Indexes were introduced in 1999 as the first indexes intended to measure the global universe of investable equities that pass screens for Shari’ah compliance. With more than 100 indexes, the series is the most comprehensive family of Islamic market measures and includes regional, country, and industry indexes, all of which are subsets of the Dow Jones Islamic Market Index. An independent Shari’ah Supervisory Board counsels Dow Jones Indexes on matters related to the compliance of index-eligible companies.
In the past 6 years, the Dow Jones Islamic Market index series has won industry awards by organizations, research institutions and magazines around the world; amongst them are the International Islamic Finance Forum, the Kuala Lumpur Islamic Finance Forum, the Islamic Center of Southern California, Global Finance magazine, Incisive Media and Islamic Finance News.
There are currently more than 150 licensees with more than US$7 billion in assets benchmarked to the Dow Jones Islamic Market Indexes. For more information on the Dow Jones Islamic Market Indexes, please visit http://www.djindexes.com.
Source: Dow Jones Indexes
