| Global ETP News |
| IOSCO The MMoU: Ten years of Enhancing Cross-border Enforcement Cooperation | |||
| May 16, 2012--The Annual Conference of the International Organization of Securities Commissions (IOSCO) in Beijing marks the 10th anniversary of the Multinational Memorandum of Understanding[1], the instrument used by securities regulators to help ensure effective global regulation and preserve and strengthen securities markets around the globe. | |||
| read more | |||
| Global Trade Logistics Performance Slows Down Amid Recession and Major Events | |||
| But many countries like Chile, China, India, Morocco, South Africa, and
the U.S. continued to improve
May 15, 2012-Progress in trade logistics performance slowed down over the last two years amid the global recession, but countries that pursued aggressive reforms continued to improve their performance, according to the World Bank's latest survey on trade logistics. | |||
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| IMF Working paper- Why House Price Indexes Differ: Measurement and Analysis | |||
| May 15, 2012--Summary: A key element in the build-up to the global recession and subsequently was the movement in house price indexes (HPIs). These indexes are particularly prone to methodological and coverage differences which can undermine both within-country and cross-country economic analysis. | |||
| read more | |||
| Kuwait Stock Exchange Launches NASDAQ OMX Powered Trading Platform | |||
| May 14, 2012--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that the Kuwait Stock Exchange (KSE) has successfully rolled out its new NASDAQ OMX powered trading platform. | |||
| read more | |||
| Dubai Gold & Commodities Exchange Weekly Market Commentary | |||
| May 13, 2012--Economic Data Overview The risk-on, risk-off plays were lost for a while during April as euro/dollar traded sideways in what looked like an endless consolidation pattern, but the market is now obsessed by risk as the outlook for Greece's membership of the euro currency trading bloc continues to deteriorate. | |||
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| Egypt, Italy sign debt swap deal | |||
| May 13, 2012--Egypt's Minster of International Cooperation and Planning Fayza Abul-Naga has signed an agreement with the Italian government to swap a third tranche of debts worth $100m, | |||
| read more | |||
| Investors inject more cash into hedge funds -data | |||
| May 11, 2012--Investors grappling with volatile financial markets upped their bets on hedge funds over the past month, data from hedge fund administrator GlobeOp shows, indicating renewed confidence in their abilities to cash in on turbulent asset pricing. | |||
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| ETFs gain as structured products flounder | |||
| May 11, 2012--Exchange traded funds are often described as structured products and the boundaries between these two types of financial instruments can seem unclear or confusing to many investors. | |||
| read more | |||
| ISE Elects New Member To Board Of Directors | |||
| May 11. 2012--The International Securities Exchange (ISE) today announced that Sylvain Mirochnikoff was elected by the Board of Directors for a one-year term to fill a vacancy. | |||
| read more | |||
| Financial markets still offer opportunities but geopolitical factors will shape 2012, according to new BNY Mellon-sponsored Economist Intelligence Unit research | |||
| May 10, 2012--The second annual BNY Mellon-sponsored survey conducted by the Economist Intelligence Unit (EIU) has found that almost half (47%) of respondents believe that we will see the exit from the euro zone of one or more peripheral countries in the next 12 months, and only 17% of survey respondents consider the EU among their top markets for asset price growth potential in the next 12 months. | |||
| read more | |||
| BlackRock New Report: ETP Landscape Industry Highlights, April 2012 | |||
| April 10, 2012--Highlights Fixed income Exchange Traded Products (ETPs) continued to attract the interest of investors, drawing $5.7 billion in net new assets in April. For the January-April 2012 time period, flows into fixed income ETPs reached a new historical high of $25.5 billion, compared with $21.6 billion for the previous best January-April time period in 2009. | |||
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| IMF Working paper-Interest Rate Rules, Endogenous Cycles, and Chaotic Dynamics in Open Economies | |||
| May 10, 2012--Summary: We present an extensive analysis of the consequences for global equilibrium determinacy in flexible-price open economies of implementing active interest rate rules, i.e., monetary rules where the nominal interest rate responds more than proportionally to inflation. | |||
| read more | |||
| Renminbi trade becomes two-way highway | |||
| May 10, 2012--As the price that affects all trade and investment between the world's two biggest economies, the renminbi/dollar exchange rate has long been a source of political controversy. | |||
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| Discrimination against women persists around the globe hampering development | |||
| May 10, 2012--Social and legal discrimination against women remains a major obstacle to economic development in emerging and developing countries, according to the latest edition of OECD's Social Institutions and Gender Index (SIGI). | |||
| read more | |||
| Industrial metal ETF inflows surge | |||
| Inflows into industrial metal exchange traded funds have surged, despite the European ETF market recording nearly €4bn in outflows last month. May 10, 2012--Flows into copper and palladium last week reached monthly highs for both products. | |||
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| Markit to acquire Cadis | |||
| May 9, 2012--Markit has today agreed to acquire Cadis, the global enterprise data management specialist. The need for enterprise data management (EDM) services has never been greater and we are excited to extend our offering into this critical area. | |||
| read more | |||
| Bids In The LME Ring | |||
| May 9, 2012--Market sources have indicated that bids have been received from CME Group, HKEx and NYSE Liffe, | |||
| read more | |||
| IMF Working paper-Country Stress Events: Does Governance Matter? | |||
| May 9, 2012--Summary: This paper analyzes the linkages between governance quality and country stress events. It focuses on two types of events: fiscal and political stress events, for which two innovative stress indicators are introduced. | |||
| read more | |||
| Federal Reserve grants first approval for Chinese bank to purchase US bank | |||
| May 9, 2012--The Federal Reserve has for the first time given approval for a large Chinese bank to purchase a U.S. bank. It also gave approval to two other large Chinese banks to expand their operations in the United States. | |||
| read more | |||
| Investors take issue with ETF loan fees | |||
| May 9, 2012--Operators of exchange traded funds are making increasing sums of money by lending securities to short-sellers in return for cash or collateral as the funds surge in popularity. | |||
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| Investors Watching Last week's Elections in Eurozone | |||
| May 9, 2012--The official PMI rose to the highest since March 2011. Hong Kong and China markets rose on favorable policy and economic data. | |||
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| World Bank Urges Governments to Think Green for Inclusive Growth | |||
| South Korea Pledges $40 million to Promote Green Growth for All May 9, 2012--The World Bank today released a report urging governments to think green when pursing growth policies, which can be inclusive, efficient, affordable and above all necessary to sustain economic expansion in years ahead. | |||
| read more | |||
| MSCI May Index Review Announcement Scheduled for May 15, 2012 | |||
| May 8, 2012--MSCI Inc., a leading provider of investment decision support tools worldwide, including indices, portfolio risk and performance analytics and corporate governance services, will announce the results of the May 2012 Semi-Annual Index Review for the MSCI Equity Indices-including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indices, as well as the MSCI Global Value and Growth | |||
| read more | |||
| Thomson Reuters Global Equities Monthly Market Share Data Reports-April 2012 Activity | |||
| May 8, 2012--Trading is fragmenting between exchanges and competing venues. But by how much and which venues? Find out in the summarised monthly reports. | |||
| read more | |||
| FTSE Licences UBS AG With New Currency Solution-FTSE WPU | |||
| May 8, 2012--May 8, 2012--FTSE Group ("FTSE"), the award winning global index provider grants UBS AG the first licence for the recently launched currency solution, FTSE WPU (World Parity Unit). | |||
| read more | |||
| NYSE Euronext Announces Trading Volumes for April 2012 | |||
| Global Derivatives ADV in April Down 7% Year-over-Year; Up 9% from 1Q12 Levels
#1 in U.S. Equity Options in April; Record Monthly Market Share for NYSE Amex Options April European Cash ADV Up 23% and U.S. Cash ADV Down 13% Year-over-Year May 8, 2012--NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for April 20121. | |||
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| MIK White Paper On Portfolio Management And Data - Using Every Bit To Byte: Leveraging Data To Generate Alpha | |||
| May 7, 2012--Today MIK issued a white paper on portfolio management and data.
Introduction Regardless of economic, competitive, regulatory, or market conditions, traditional asset and hedge fund managers are now, and always have been, faced with one primary mission: generating alpha. | |||
| read more | |||
| ETFS Precious Metals Weekly: 2012 Outlook Favours Palladium over Platinum as Autocatalyst Demand Hits 11-year High | |||
| May 7, 2012--Palladium fabrication demand at 11-year high, but overshadowed by recycling and Russian supply. Precious metals consultants Thomson Reuters GFMS (GFMS) released their annual outlook for platinum group metals last week. | |||
| read more | |||
| Fixed income traders face risk model change | |||
| May 7, 2012--Credit Suisse, Deutsche Bank, UBS and other European banks with big fixed income desks are likely to be hit hardest by the global proposal to change the way banks measure risk in their trading books, bankers and analysts said. | |||
| read more | |||
| IMF Working paper-Commodity Price Shocks and Fiscal Outcomes | |||
| May 7, 2012--Summary: The experience of developing countries over 1990-2010 indicates that commodity prices have a significant impact on fiscal outcomes. | |||
| read more | |||
| U.S. Fact Sheet - Economic Track of the Fourth Meeting of the U.S.-China Strategic and Economic Dialogue (S&ED) | |||
| May 4, 2012--Through the Economic Track of the Strategic and Economic Dialogue (S&ED), we are expanding opportunities for Americans to export and sell to China by increasing market access and leveling the competitive playing field. | |||
| read more | |||
| NASDAQ OMX and the Egyptian Exchange Extend Technology Agreement | |||
| May 3, 2012--The NASDAQ OMX Group, Inc (Nasdaq:NDAQ) and the Egyptian Exchange (EGX) have entered an agreement that extends their relationship for a further five years. | |||
| read more | |||
| Basel Seeks Tougher Boundary Between Banking, Trading Books | |||
| May 3, 2012--Banks face tougher rules on how they differentiate between assets they keep in their banking and trading books, making it harder to dodge capital rules, under proposals published by the Basel Committee on Banking Supervision today. | |||
| read more | |||
| OECD annual inflation rate eases to 2.7% in March 2012 | |||
| May 3, 2012--Consumer prices in the OECD area rose by 2.7% in the year to March 2012, compared with 2.8% in the year to February 2012. | |||
| read more | |||
| Inaugural ETP ICONS of the Industry Awards 2012-Fundraiser held at the 8th Annual ETF Global Awards(r) Dinner | |||
| May 3, 2012--On April 26, 2012 the Inaugural ETP ICONS ETP Icons of the Industry Awards 2012 were presented following the 8th Annual ETF Global Awards® Dinner. | |||
| read more | |||
| Dow Jones Islamic Market Titans 100 Index Closed Down 0.83% In April | |||
| Index Measures Performance Of 100 Of World's Leading Shari'ah-Compliant Stocks-Dow Jones Islamic Market Asia/Pacific Titans 25 Index Gain 0.87%- Dow Jones Islamic Market Europe Titans 25 Index Fall 1.14% - Dow Jones Islamic Market U.S. Titans 50 Index Lose 1.01%
May 3, 2012--The Dow Jones Islamic Market Titans 100 Index finished down 0.83% in April according to data compiled by Dow Jones Indexes. The index measures the performance of 100 of the world's leading Shari'ah-compliant stocks. | |||
| read more | |||
| US urges China to allow yuan rise | |||
| May 3, 2012--US Treasury Secretary Timothy Geithner on Thursday urged China to allow its currency to strengthen further and push forward economic reforms, which he said were crucial to the global recovery. | |||
| read more | |||
| Global ETF assets to exceed $3.8tn by 2016 | |||
| May 2, 2012--Assets held in exchange traded funds globally will exceed $3.8tn by 2016, according to a new report by Cerulli Associates. | |||
| read more | |||
| Dow Jones-UBS Commodity Indexes April 2012 Performance Report | |||
| May 2, 2012--The Dow Jones-UBS Commodity Index, was down 0.43% for the month of April. The Dow Jones-UBS Single Commodity Indexes for soybean meal, soybean and lead had the strongest gains with month-end returns of 11.46%, 7.09% and 5.63%, respectively. | |||
| read more | |||
| The Europe Dow Closes April Down 4.14% According To Dow Jones Indexes - Novo Nordisk Topped All 30 Europe Dow Components With 6.66% Gain For The Month | |||
| May 2, 2012--The Europe Dow, an equal-weighted index that measures 30 of the region's leading blue-chip stocks, declined 4.14% in April, according to data compiled by Dow Jones Indexes, a leading global index provider. | |||
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| The Asia Dow Finished April Down 1.09% According To Dow Jones Indexes -14 Of The Asia Dow's 30 Component Stocks Closed Month In Positive Territory - Hyundai Motor Co. Topped All With 15.53% Gain For April | |||
| May 2, 2012--The Asia Dow, an equal-weighted, 30-stock index that measures 30 of the leading blue-chip stocks traded in the Asia/Pacific region, dropped 1.09% in April, according to data compiled by Dow Jones Indexes, a leading global index provider. | |||
| read more | |||
| DTCC to Begin Publishing Public Data on Interest Rates Derivatives | |||
| May 2, 2012--The Depository Trust & Clearing Corporation (DTCC) announced today that it had begun publishing public information on over-the-counter (OTC) interest rates trades. The data were first posted yesterday at 5 p.m. (2200 BST). | |||
| read more | |||
| Deutsche Boerse makes algo news feed available in new CME Co-Location Facility | |||
| New agreement further expands U.S. presence of AlphaFlash to four data centers
May 2, 2012--Deutsche Börse-Market Data & Analytics has made available its algorithmic news feed "AlphaFlash" in the CME Co-Location facility located in Chicago's suburbs via its subsidiary Need to Know News. | |||
| read more | |||
| China signs deal to increase investments in Europe | |||
| May 2, 2012--China and Belgium set up an investment fund to pump more Chinese money into leading European firms Wednesday during a visit by premier-in-waiting Li Keqiang. | |||
| read more | |||
| ETFGI-Global ETF/ETP industry as at end of April 2012- Preliminary findings | |||
| May 2, 2012--Summary for ETFs listed globally At the end of April 2012, the global ETF industry had 3,232 ETFs, with 7,161 listings, assets of US$1,528.4 Bn, from 161 providers on 50 exchanges. Assets ETF assets have decreased by 0.6% from US$1,538.1 Bn in March 2012 to US$1,528.4 Bn in April 2012. YTD through end of April 2012, ETF assets have increased by 13.1% from US$1,351.4 Bn to US$1,528.4 Bn. | |||
| read more | |||
| HKEx considers bid for London Metal Exchange | |||
| May 1, 2012--THE parent company of the Hong Kong Stock Exchange yesterday confirmed that it is considering a bid for the London Metal Exchange (LME), which is estimated to be worth between £500m and £1.5bn. | |||
| read more | |||
| ISDA 2012 Margin Survey Results: Collateralization Continues to Increase in OTC Derivatives Markets | |||
| May 1, 2012--The International Swaps and Derivatives Association, Inc. (ISDA) today released results from its 2012 ISDA Margin Survey at its 27th Annual General Meeting in Chicago. | |||
| read more | |||
| IMF Working paper-Bank Capitalization as a Signal | |||
| May 1, 2012--Summary: The level of a bank‘s capitalization can effectively transmit information about its riskiness and therefore support market discipline, but asymmetry information may induce exaggerated or distortionary behavior: banks may vie with one another to signal confidence in their prospects by keeping capitalization low, | |||
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| Currency Hedge ETFs Win Big at Global ETF Awards | |||
| May 1, 2012--Deutsche Bank's family of Currency Hedge ETFs won the award for the Most Innovative ETF in the Americas for 2011 at the 8th Annual Global ETF Awards. The awards are given to industry participants for outstanding achievements in the marketplace. | |||
| read more | |||
| ETFS Precious Metals Weekly: Strong USD Weighs on Gold, but Central Bank Buying Offsets Soft Physical Demand | |||
| April 30, 2012--Gold lifted by Spanish downgrade, then pressured on consequent USD strength. The FOMC meeting last week was largely a non-event for precious metals, offering no additional hints on the possibility of another round of QE. | |||
| read more | |||
| NYSE Profit Falls 44% on Merger Charges, Trading Decline | |||
| April 30, 2012--NYSE Euronext (NYX), the biggest U.S. exchange operator, fell the most in six months after reporting a 44 percent decline in first-quarter profit, as expenses related to its failed merger with Deutsche Boerse AG (DB1) combined with a slowdown in trading. | |||
| read more | |||
| IOSCO Consults on Money Market Fund Systemic Risk Analysis and Reform Options | |||
| April 27, 2012--The Technical Committee of the International Organization of Securities Commissions (IOSCO) has published a consultation report, Money Market Fund Systemic Risk Analysis and Reform Options, which provides a preliminary analysis of the possible risks that money market funds (MMFs) could pose to systemic stability and consults on an exhaustive range of policy options to address those risks. | |||
| read more | |||
| Deutsche's plan to sell subsidiaries stalls | |||
| April 27, 2012--Fresh concerns have emerged over plans by Deutsche Bank to sell parts of its asset management business to Guggenheim Partners, despite claims the pair are close to a deal. | |||
| read more | |||
| Global Partners Confront Impacts of Climate Extremes on Development | |||
| Joint action needed to link disaster risk management, climate adaptation April 27, 2012--On the heels of a sobering UN report on dramatic climate extremes expected to occur around the world, officials from donor and developing countries, along with international organizations have reaffirmed their commitments to making disaster resilience a priority in development planning. | |||
| read more | |||
| ESMA begins AIFMD co-operation discussions with non-EU supervisors | |||
| April 26, 2012--ESMA announces today that it will begin discussions with non-EU supervisors of entities subject to the requirements of the Alternative Investment Fund Managers Directive (AIFMD) about supervisory co-operation issues. This follows agreement by ESMA's Board of Supervisors to follow a common policy in relation to the co-operation arrangements under AIFMD, which should be in place between EU and non-EU securities supervisors by July 2013. | |||
| read more | |||
| IOSCO consults on principles of liquidity risk management for CIS | |||
| April 26, 2012--The Technical Committee of the International Organization of Securities Commissions has published the consultation report Principles of Liquidity Risk Management for Collective Investment Schemes, | |||
| read more | |||
| Reducing Negative Outcomes, Retaining Benefits Highlighted in New Financial Innovation Report | |||
| New Financial Innovation Report, Rethinking Financial Innovation, Reducing Negative Outcomes While Retaining the Benefits was launched today Report recommends changes in several areas to anticipate and reduce various negative outcomes Report is jointly published by World Economic Forum and Oliver Wyman April 26, 2012--The World Economic Forum, in collaboration with Oliver Wyman, has released a joint report, Rethinking Financial Innovation, Reducing Negative Outcomes While Retaining the Benefits. The report explores the topic of innovation in the financial services industry and its effect on the wider economy. | |||
| read more | |||
| Slower China economy a worry for Western firms | |||
| April 26, 2012-As China's economy cools, some big U.S. and European companies are losing what had been one of their surest growth bets. | |||
| read more | |||
| ISDA Publishes Best Practices for OTC Commodity Derivatives Trade Processing | |||
| April 25, 2012--The International Swaps and Derivatives Association, Inc. (ISDA) today announced the publication of a whitepaper, "OTC Commodity Derivatives Trade Processing Lifecycle Events." | |||
| read more | |||
| Component Changes Made To Dow Jones Islamic Market Malaysia Titans 25 Index | |||
| April 25, 2012-Bumi Armada Bhd will be added to the Dow Jones Islamic Market Malaysia Titans 25 Index, following the removal of Kencana Petroleum Bhd due to its acquisition by SapuraCrest Petroleum Bhd, Dow Jones Indexes announced today. | |||
| read more | |||
| NASDAQ OMX Reports First Quarter 2012 Results | |||
| Q112 non-GAAP diluted EPS of $0.61, on par with prior year; Q112 GAAP diluted EPS of $0.48
Q112 net exchange revenues of $411 million Declares initial quarterly cash dividend of $0.13 per share Implementing cost reduction plan with a goal of $50 million in annualized cost savings by end of 2012, with $25 million savings realized in 2012 | |||
| read more | |||
| Tax: the average tax burden on earnings in OECD countries continues to rise | |||
| April 24, 2012--The average tax and social security burden on employment incomes increased in 26 out of 34 OECD countries in 2011 according to the new OECD Taxing Wages publication. | |||
| read more | |||
| IMF paper-From Bail-out to Bail-in: Mandatory Debt Restructuring of Systemic Financial Institutions | |||
| April 24, 2012--EXECUTIVE SUMMARY Large-scale government support of the financial institutions deemed too big or too important to fail during the recent crisis has been costly and has potentially increased moral hazard. | |||
| read more | |||
| ETFS Precious Metals Weekly: Rising European political risk boosts US dollar, weighs on gold price | |||
| April 23, 2012--Gold price and ETP demand are hit as European political concerns weaken the Euro and sideline investors. The gold price fell again last week, bringing total losses over the past 2 months to around 10%, as a strengthening US dollar and continued general investor nervousness kept many investors on the sidelines. | |||
| read more | |||
| Towards Sustainable Investment -Taking Responsibility-Calpers Report | |||
| April 23, 2012--CalPERS is proud to announce the release of our first report on our Environmental, Social and Governance (ESG) work. | |||
| read more | |||
| Dow Jones Industrial Average Component Companies Increase Expected Annual Dividend Distribution By 8.40% From A Year Ago | |||
| Survey By Dow Jones Indexes Also Indicates Expected Annual Dividend Distribution From DJIA'S 30 Stocks
To Rise 2.18% From Previous Quarter
DJIA Components' Dividends Represent 37% Of Total U.S. Stock Market Payouts Dividend Data Provides Insight Into Outlook of Bellwether U.S. Corporations, Dow Jones Indexes Says April 23, 2012--The Dow Jones Industrial Average's 30 component companies are expected to increase their annual dividend payout by 8.40% year-over-year and 2.18% from the previous quarter, according to a first-quarter 2012 survey by Dow Jones Indexes. | |||
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| 41 ETFs Based on S&P Indices Launched in Q1 as 2012 Gets Off to Strong Start | |||
| 419 S&P Linked ETFs Now Available to Investors Worldwide April 23, 2012--S&P Indices saw a sharp rise in its ETF licensing activity during the first quarter of 2012, as 41 ETFs based on its indices were launched globally during the first three months of the year. | |||
| read more | |||
| Consequences of Asset Shortages in Emerging Markets | |||
| April 23, 2012--Summary: We assess econometrically the impact of asset shortages on economic growth, asset bubbles, the probability of a crisis, and the current account for a group of 41 Emerging markets for 1995-2008. | |||
| read more | |||
| Exchange-Traded Funds: Growth and Challenges | |||
| April 23, 2012--Abstract The exchange-traded product market has made significant progress in the last decade. Assets under management have increased more than tenfold: from US$146 billion in 2002 to US$1.5 trillion in 2011. There has been a proliferation in the number of funds, and new funds are being regularly introduced. However, future growth is no longer something the industry can take for granted. | |||
| read more | |||
| Custodians look to retune asset servicing | |||
| April 23, 2012--Estimated to be worth at least $1.5 trillion, exchange-traded funds offer custodians many opportunities to grow their revenue. ... | |||
| read more | |||
| Dubai Gold & Commodities Exchange Weekly Market Commentary | |||
| April 22, 2012--Economic Data Overview The most successful trading strategy for both commodities and currencies in the dollar / European bloc has been to question market extremes and look for established ranges to prevail. | |||
| read more | |||
| Financial Stability Board reports to G20on progress of financial regulatory reforms | |||
| April 20, 2012--The Chairman of the Financial Stability Board (FSB) reported to the G20 Finance Ministers and Central Bank Governors today on progress in the financial regulatory reform programme. | |||
| read more | |||
| Continued Uncertainty and Recession in Eurozone Weaken Recovery in Emerging Europe and Central Asia | |||
| Effective social safety nets are critical for protecting the vulnerable; a looming demographic crisis makes reforms more urgent April 20, 2012-The moderate recovery in Emerging Europe and Central Asia (ECA) in 2010-2011 is now threatened by continued uncertainty and recession in the Eurozone, resulting in slowing growth across most of the region in 2012, World Bank officials said at a press briefing during the World Bank/IMF Spring Meetings 2012. | |||
| read more | |||
| Silver price volatility deters investors | |||
| April 19, 2012--The price swings in the silver market in the past year have deterred investors in the metal, according to Thomson Reuters GFMS, putting prices on course for a correction of as much as 10 per cent in the next few months. | |||
| read more | |||
| Modernizing Emerging Market Core Portfolios | |||
| Applying insights from "The Emerging Market Benchmark Bear Hug" April 19, 2012--As of March 31, 2012, 97% of the assets invested in emerging market equity Exchange Traded Funds (ETFs) tracked broad benchmarks.1 These benchmarks are dominated by sectors that led many frontier countries to emerging market status, and include economies that graduated to developed market status 15 years ago. | |||
| read more | |||
| ESMA approves credit ratings from Argentina and Mexico for use in the EU | |||
| April 18, 2012--The European Securities and Markets Authority (ESMA) announces today that it considers the regulatory frameworks for credit rating agencies (CRAs) of Argentina and Mexico to be in line with European Union rules. Today's announcement allows European financial institutions to continue using credit ratings issued in these countries for regulatory purposes after 30 April 2012. | |||
| read more | |||
| ETF Securities: Global Commodity ETF Assets Hit Record $189B In 1Q | |||
| Global commodity ETF assets hit record $189 billion in first quarter Quarterly inflows into commodity ETFs rise by $7.5 billion in first quarter $1.2 billion of new money flows to oil ETFs in first quarter April 18, 2012--Investors flocked to commodity-linked exchange-traded funds and products during the first quarter, lifting the sector ETF assets to a record $189 billion, ETF Securities said Wednesday. | |||
| read more | |||
| OPEC: Political Tension Responsible for High Oil prices | |||
| April 17, 2012--The Organisation of Petroleum Exporting Countries (OPEC) has said it is supplying the market with enough crude oil but political situations are responsible for the current high oil prices. | |||
| read more | |||
| Global Financial Stability Report-The Quest for Lasting Stability | |||
| April 17, 2012--The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets.. | |||
| read more | |||
| IMF-Fiscal Monitor-Balancing Fiscal Policy Risks | |||
| April 17, 2012--Overall, fiscal risks remain elevated, according to this issue of the Fiscal Monitor, although there are signs that in some key respects they are less acute than six months ago. Though past efforts with fiscal consolidation are beginning to bear fruit, debt ratios in many advanced economies are at historic levels and rising, borrowing requirements remain very large, financial markets continue to be in a state of alert, and downside risks to the global economy predominate. | |||
| read more |