Global economy on recovery path, risks remain--IMF chief-continued

March 18, 2012--The global economy has stepped back from the brink of danger and signs of stabilisation are emerging from the euro zone and the United States, but high debt levels in developed markets and rising oil prices are key risks ahead, the IMF said on Sunday.
The global economy may be on a path to recovery, but there is not a great deal of room for maneuver and no room for policy mistakes," International Monetary Fund (IMF) Managing Director, Christine Lagarde, said in a speech in Beijing.

In a separate talk on the same day, Lagarde said that China's yuan could become a reserve currency in the future, adding that the country needed a roadmap for a stronger, more flexible exchange rate system

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Source: Reuters

Global ETP News
Gilts boosted by exchange traded fund flows
July 6, 2015--Exchange traded funds tracking UK government bonds have experienced their largest weekly inflows for the year, with increased appetite for Gilts reflecting concerns over Greece and improving government finances.
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Brics bank to launch at summit this week
July 6, 2015-The Brics emerging economies will launch a development bank at a summit this week which President Vladimir Putin hopes will help reduce Western dominance of world financial institutions and show Moscow is not isolated.
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FTSE Ratings Licensed for First Malaysian ESG Fund
July 6, 2015--Malaysian ESG Opportunity Fund launched by VCAP Asset Managers
Builds on existing FTSE Russell relationship with Bursa Malaysia
Reflects growing momentum around ESG globally
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Get Ready to Weather the Price of El Niño
Forecasters in the U.S., Australia and Japan have confirmed El Niño is back
July 5, 2015--Fears that the El Niño weather phenomenon will wreak havoc this summer have sent prices of wheat, corn and soybeans higher in recent weeks, as commodity investors, farmers and traders prepare for low crop yields.
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Four-fifths of fund executives fear asset management iTunes
July 5, 2015--Four-fifths of senior asset management staff expect the fund market to be disrupted by an outside participant in the same way Apple upended the music industry with the introduction of iTunes.
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Exclusive: Europeans tried to block IMF debt report on Greece: sources
July 3, 2015--Euro zone countries tried in vain to stop the IMF publishing a gloomy analysis of Greece's debt burden which the leftist government says vindicates its call to voters to reject bailout terms, sources familiar with the situation said on Friday.
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DGCX-Middle-Earth: FRIDAY SPECIAL: IMF PPP: INR most undervalued by -67.9%, CHF most overvalued by +43.7%
July 3, 2015--ECONOMY SPECIAL
IMF PPP data: CHF is also most overvalued currency in the world, at +43.7% relative to USD
INR, at -67.9% relative to USD is most undervalued
2015 India GDP growth forecast at 7.35% vs 6.9% for China
2016, the growth forecast at 7.6% for India vs 6.7% for China
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Report on the impact and accountability of banking supervision issued by the Basel Committee
July 2, 2015-Today,the Basel Committee published its Report on the impact and accountability of banking supervision.
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Nasdaq Global Indexes Monthly Scorecard
July 2, 2015--The Nasdaq Global Indexes Monthly Scorecard is available.
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DMS-Emerging Markets: Mongolia, Truly the Final Frontier
July 1, 2015--Mongolia is known as the land of eternal blue sky because it has about 250 sunny days a year. In a recent conversation I had with my friend, Gary Kucher of Mongolia Holdings, who does a lot of investing in Mongolia, I asked him how cold it gets there in the winter.
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Average daily volume of 11 million contracts at Eurex Group in June
July 1, 2015--In June, the international derivatives exchanges of Eurex, part of Deutsche Börse Group, recorded an average daily volume of 11.0 million contracts (June 2014: 8.0 million). Of those, 8.6 million were Eurex Exchange contracts (June 2014: 6.0 million), and 2.4 million contracts (June 2014: 2.0 million) were traded at the U.S.-based International Securities Exchange (ISE), part of Eurex Group.
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S&P: All That Bond Market Illiquidity is Bad for Bond Funds, But Not Banks
What would a dry spell in the bond market mean for the financial sector?
July 1, 2015--Standard & Poor's,the credit rater, has just published new research on the changing structure of the corporate bond market and its effect on on a wide variety of financial entities.
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Basel Committee issues consultative document on its review of the Credit Valuation Adjustment risk framework
July 1, 2015--A Review of the Credit Valuation Adjustment Risk Framework? is being undertaken by the Basel Committee.
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WisdomTree Announces Plans for Japan Office and Hires Market Veteran Jesper Koll
July 1, 2015--WisdomTree Investments, Inc. (NASDAQ:WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the planned opening of a new office in Tokyo and the appointment of Jesper Koll as Chief Executive Officer of WisdomTree subsidiary WisdomTree Japan K.K.,
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REFILE-Flow Traders says seeking to raise at least 472 mln euros from IPO
June 30, 2015--Flow Traders, a Dutch high frequency trading firm, said on Tuesday it was seeking to raise between 472 million euros and 603 million euros ($530 million to $675 million) in its initial public offering, excluding an overallotment option.
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Banks and exchanges turn to blockchain
Wall St lured by efficiency promise of the technology behind bitcoin
June 30, 2015--The blockchain-the technology that underpins bitcoin-has been called "the future for financial services infrastructure".
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IMF Survey-Strong and Equitable Growth: Fiscal Policy Can Make a Difference
June 30, 2015--Fiscal policies can help boost countries' long-term growth prospects
Complementary structural reforms magnify growth dividends
Social dialogue and attention to equity key to building public support for reform
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IMF Working paper-Systemic Risk: New Trade-off for Monetary Policy?
June 30, 2015--Summary: We introduce time-varying systemic risk in an otherwise standard New-Keynesian model to study whether a simple leaning-against-the-wind policy can reduce systemic risk and improve welfare. We find that an unexpected increase in policy rates reduces output, inflation, and asset prices without fundamentally mitigating financial risks.
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IMF Working paper-How Does Post-Crisis Bank Capital Adequacy Affect Firm Investment?
June 30, 2015--Summary: We examine the effect of bank capital levels on firm investment drawing on a sample of 11,106 non-financial firms from 2007 to 2013 in 16 advanced economies. We examine two measures of bank capital adequacy, the Tier 1 ratio and a simple leverage ratio, and find that firms with larger external financial needs invest relatively more when domestic financial systems have relatively high leverage ratios.
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Flow Traders seeks 1.7bn euro valuation from upcoming IPO
June 30, 2015--Flow Traders, the Netherlands-based proprietary trading company, has set a target of up to €1.7bn from its Amsterdam flotation as investors show signs of warming to high-frequency trading.
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WEF-Finance Sector Heading for Uber-Moment
June 30, 2015--Some of the world's largest finance-sector companies are reviewing their business models following the rapid growth of financial technology ("fintech") entrants in the sector.
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China Construction Bank and Euroclear sign MoU to foster offshore RMB growth
June 30, 2015--Euroclear Bank, the Brussels-based international central securities depository (ICSD), and China Construction Bank (CCB), whom has a market capitalization of US$ 251.4
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Greece Misses $1.7 Billion IMF Payment, Joining Zimbabwe's Ranks
June 30, 2015--Greece became the first advanced economy to miss a payment on IMF debt, joining the historical ranks of delinquents from Cuba to Zimbabwe after the Mediterranean nation's bailout talks with creditors collapsed.
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New DTCC Data Products Service To Provide Dynamic Data Provisioning and Easier Access to DTCC Data
June 30, 2015--Provisioned data aims to help firms reduce risks, increase efficiencies, lower costs, provide market insight and bring greater transparency to their business operations
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EU-China summit
June 29, 2015--The 17th bilateral summit between the European Union and the People's Republic of China took place in Brussels on Monday 29 June 2015.
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Global alternative assets predicted to reach $15.3 trillion in 2020
June 29, 2015--A report just published by PwC predicts global alternative assets will increase to US$ 15.3tn by 2020.
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Record zinc ETP inflows on rising expectations of production cuts
June 29, 2015--Overview
Commodity performance continues to be mixed as investors weigh concerns over the sustainability of Chinese growth against a broadening of the US economic recovery and possible reduction in Fed bond buying.
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Nasdaq Global Indexes to Maintain Last Trade Price on Greece Securities
June 29, 2015--Until further notice and in accordance with our indexes' published methodologies, Nasdaq Global Indexes will maintain the Friday, June 26, 2015, closing price, or last trade price received on June 26 if there was no official closing price, for index securities listed on the Athens Stock Exchange.
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Key legal framework laid for China-initiated AIIB
June 29, 2015--Delegates of the 57 prospective founding countries of the Asian Infrastructure Investment Bank (AIIB) on June 29 gathered in Beijing for the agreement signing ceremony, which will lay the legal framework for the China-initiated multilateral institution.
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MSCI says China faces "massive job" to join A-shares index
June 29, 2015--MSCI Inc said on Monday China's securities reglator faces a "massive job" to coordinate the changes needed for domestic shares to be listed in its key emerging markets index.
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Nasdaq Launches Index Calculation System for Marketplaces
Offering gives exchanges index producer capabilities, opportunities for new revenue streams
Singapore Exchange to leverage technology to boost index services offering
June 29, 2015--Nasdaq (Nasdaq:NDAQ) announced today the launch of the Nasdaq Index Calculation System, a standalone solution that provides marketplaces with a highly flexible index calculation platform to compute multi-asset, multi-currency indexes.
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BIS Renews Call for Tougher Fund Rules Amid 'New Risks'
June 28, 2015--Asset managers who pick up the credit business that banks are shunning create new risks to financial stability because they fuel bubbles and may amplify potential stress, the Bank for International Settlements said.
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The wasteful regime fund managers are loath to dump in the skip
June 28, 2015--Milton Friedman defined the most wasteful form of expenditure as one where an individual spends another person's money on some third party.
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Morgan Stanley Weighs New Bond-Trading Push
Firm weighs new effort in fixed-income trading to help hit profit targets after postcrisis retreat
June 28, 2015--After years of ratcheting back trading operations in favor of more stable businesses, Morgan Stanley is quietly plotting a comeback.
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Don't let the unthinkable become the new normal, says BIS in 85th Annual Report
June 28, 2015--"There is something deeply troubling when the unthinkable threatens to become routine,"" writes the Bank for International Settlements (BIS) in its 85th Annual Report, released today.
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Legg Mason Is Poised to Run
June 27, 2015--After seven straight years of outflows, Legg Mason is bringing in money and its share are on the rise.
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That Russelling is the sound of indices being realigned
Annual recasting of listings has traders scrambling to keep up with-and game-the market
June 26, 2015--As I write this, in New York on the morning of Friday June 26, stock market traders are locked in to what they know will be the heaviest trading day of the year.
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The BIS on ETFs and bond market liquidity
June 26, 2015--The latest BIS Annual Report,released on Sunday, cites numerous concerns about the unseen damage being caused to financial stability on account of ultra-low interest rates.
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Renaissance Capital's 2Q 2015 Global IPO Quarterly Review
June 26, 2015--Analyst IPO Blog
Following a seasonally calm start to the year, global IPO issuance improved in the second quarter of 2015. Quarterly proceeds increased 29% from the first quarter to $46.6 billion, but still remained down 24% from last year's levels.
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DGCX-Middle-Earth: Greece Failed to Reach an Agreement, EU Leaders to Meet Again on Saturday
June 26, 2015--MARKET PULSE:
Asian equities plunged as Greece failed again to reach an agreement with its creditors.
EU Official : Eurogroup will reconvene on Greece on Saturday morning
IMF says Greece must implement reforms before talks on debt; On June 30 deadline, says IMF doesn't extend deadlines as a matter of policy
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DECPG Global Weekly
June 26, 2015--Taking Stock
U.S. economy in Q1 contracted less than previously estimated, while consumer spending climbed the most in six years in May. U.S. GDP contracted 0.2 percent (q/q saar) in Q1, less than the 0.7 percent decline previously reported.
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IMF Working paper-Does Easing Monetary Policy Increase Financial Instability?
June 26, 2015--Summary: This paper develops a model featuring both a macroeconomic and a financial friction that speaks to the interaction between monetary and macro-prudential policies. There are two main results. First, real interest rate rigidities in a monopolistic banking system have an asymmetric impact on financial stability: they increase the probability of a financial crisis (relative to the case of flexible interest rate) in response to contractionary shocks to the economy, while they act as automatic macro-prudential stabilizers in response to expansionary shocks.
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Shanghai Gold Exchange in Talks With CME to List Contracts
June 25, 2015--The Shanghai Gold Exchange is in discussions with the CME Group Inc. about listing each other's contracts on their respective exchanges, according to Shen Gang, vice president of the SGE.
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IMF Work Agenda Aims to Lift Global Growth, Address New Risks
June 25, 2015--Fostering global growth-both actual and potential-is a key priority
Addressing financial stability risks remains important challenge
Agenda stresses multilateral cooperation on cross-cutting issues
The IMF has published a new work program that aims to diminish risks and tackle emerging global challenges to help bolster actual and potential growth.
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IMF Working paper-Estimation and out-of-sample Prediction of Sudden Stops:Do Regions of Emerging Markets Behave Differently from Each Other?
June 25, 2015--Summary: We identify episodes of sudden stops in emerging economies and estimate the probability to observe them. Sudden stops are more likely when global growth falters, risk aversion in financial markets rises, and vulnerabilities in the external and financial sectors increase.
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Infographic: Development Solutions for Disaster Risk Finance
June 25, 2015--This infographic gives an overview of the high cost of disasters on national and local governments, businesses and households- including farmers, herders, homeowners- and the most vulnerable.
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Fed's looming rate rise is bad news for bonds
June 24, 2015--Another day, another missed Greek deadline. Those who no longer have the energy to worry about the eurozone periphery can express their concerns about the US Federal Reserve's impending rate rises, instead.
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IOSCO Consults on Elements of Intern, Regulatory Standards on Fees and Expenses of Investment Funds
June 24, 2015--The International Organization of Securities Commissions today published the consultation report on Elements of International Regulatory Standards on Fees and Expenses of Investment Funds, which proposes an updated set of common international standards of best practice for the operators of Collective Investment Schemes (CIS) and regulators to consider.
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BlackRock Boosts China Debt Holdings With Focus on Quality Bonds
June 24, 2015--BlackRock Inc., the world's biggest money manager,said it's been raising its stake in China's bond market as policy makers tackle corruption, runaway debt and an economic slowdown.
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Low interest rates threaten solvency of pension funds and insurers
June 24, 2015--The current low interest rate environment poses a significant risk for the long-term financial viability of pension funds and insurance companies, as they seek to generate sufficient returns to meet promises, according to a new OECD report.
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Foreign direct investment into developed countries falls for third successive year, UN Report says
June 24, 2015--?Foreign direct investment (FDI) inflows to developed countries lost ground for the third year running, falling by 28 per cent to $499 billion -their lowest level since 2004-UNCTAD's World Investment Report 20151 says.
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Most in finance industry against action to correct gender imbalance, CISI survey shows
June 24, 2015--Should the financial services industry do more to improve career opportunities for women? Not according to the majority of financial services professionals who took part in a CISI survey
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More asset managers lend directly to European; US firms
June 23, 2015--Asset managers that conduct direct lending in the US and Europe have increased significantly during the past two years,
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Investors in smart beta ETFs satisfied, but..
June 23, 2015--In a survey of investment professionals conducted as part of the Amundi ETF & Indexing research chair at EDHEC-Risk Institute on "ETF and Passive Investment Strategies," EDHEC-Risk Institute has solicited the specific views of European ETF investors on "smart beta" exchange-traded funds (ETFs).
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DMS-Emerging Markets: A Personal Journey
June 23, 2015--As today is somewhat of a celebration, it's my umpteenth birthday, I thought I would take the liberty, I hope you don't mind, of expanding on my usual article to include some personal insights.
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DECPG Global Monthly-June 2015
June 23, 2015--Monthly Highlights: Global Economy in Transition
Global growth: further disappointments. The global economy hit a soft patch at the start of the year, with slowing activity in the United States and China, outright contractions in Russia and Brazil, and broad-based weakness across other major commodity exporters. On the positive side, growth strengthened in the Euro Area, Japan and India.
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RENMINBI ASCENDING: How China's Currency Impacts Global Markets,Foreign Policy, and Transatlantic Financial Regulation
June 22, 2015--How will the rise of China's currency impact global markets, foreign policy, and transatlantic financial regulation?
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Gross's Pimco Exit Shows Fund Risk Not Systemic, IOSCO Head Says
June 22, 2015--Pimco's ability to cope with a stampede of investor withdrawals after Bill Gross's departure gives credence to arguments that mutual funds don't threaten the broader financial system, the chairman of a global group of market regulators said Monday.
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Net Stable Funding Ratio disclosure requirements finalised by the Basel Committee
June 22, 2015--The Basel Committee on Banking Supervision has today issued the final Net Stable Funding Ratio ("NSFR") disclosure standards, following the publication of the NSFR standard in October 2014.
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More asset managers become shadow banks
June 21, 2015--The number of asset managers lending directly to companies in the US and Europe has more than doubled in the past two years, underlining fears about the rapid development of financial intermediaries known as shadow banks.
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Active Managers Must Prove Their Worth
June 20, 2015--Is there any way to tell in advance which investment funds will perform best? And do the funds that most differ from their index-which are the most "active"-do better in the long run?
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FT 500 2015 Introduction and methodology
June 19, 2015--This is the 19th annual ranking of the FT Global 500, providing an annual snapshot of the world's largest companies.
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Bond funds worldwide post biggest outflows in two years-BofA
June 19, 2015--Investors worldwide pulled $10.3 billion out of bond funds in the week ended June 17, marking the biggest outflows from the funds in two years, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
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Record number of hedge funds now operating around world: HFR
June 19, 2015--Wealthy investors can now choose from a record 10,149 global hedge funds according to industry data released on Friday that show hundreds of new launches but nearly as many liquidations.
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Bond funds worldwide post biggest outflows in two years-BofA
June 19, 2015--Investors worldwide pulled $10.3 billion out of bond funds in the week ended June 17, marking the biggest outflows from the funds in two years, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
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DECPG Global Weekly
June 19, 2015--Taking Stock
U.S. Fed kept interest rate unchanged, while industrial production contracted and inflation accelerated. In light of the modest improvement in the U.S. economic outlook, the Federal Reserve kept its benchmark interest rate unchanged. The FOMC's post-meeting communication appeared to signal that any interest rate increase would be gradual.
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Vanguard sees growth in ETFs from advisers in post-RDR world
June 19, 2015--Growing demand from independent financial advisers in markets where the use of provider commissions has declined is helping drive growth in the exchange traded funds market, according to Nick Blake, head of retail at Vanguard Investments UK.
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Here's a Bond Backed by Dirty Laundry
Another esoteric deal to hit the market
June 18, 2015--Coming soon to markets: a bond deal backed by-dirty laundry?
The $400 million of asset-backed securities (ABS) from Alliance Laundry Systems is the latest example of wacky assets being bundled into bonds that are then put up for sale to yield-hungry investors.
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High-Frequency Trading around Large Institutional Orders
June 18, 2015--Abstract:
Liquidity suppliers lean against the wind. We analyze whether high-frequency traders (HFTs) lean against large institutional orders that execute through a series of child orders. The alternative is that HFTs go "with the wind" and trade in the same direction.
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HFT Nightmare Gets Some Validation, But Only For Whales
June 18, 2015--To critics, high-frequency traders harm other investors by sniffing out their strategies and completing the juiciest trades first. New academic research from the Netherlands suggests naysayers have it at least partly right.
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Bitcoin-based ETN COINXBT Now Available in 179 countries through Interactive Brokers
June 18, 2015--XBT Provider AB (publ) announced today the availability of the ETN Bitcoin Tracker One in 179 countries.
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Smart beta: 2015 global survey findings from asset owners
June 18, 2015--The results are in for the FTSE Russell 2015 Smart Beta Survey. In 2015 a follow-up to the well-received 2014 survey was conducted to better understand the progression in perceptions and adoption of smart beta globally.
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Institutional Investors: The Unfulfilled $100 Trillion Promise
June 18, 2015--STORY HIGHLIGHTS
Institutional investors are a large and growing actor in global financial markets, with nearly $100 trillion of assets under management in OECD countries alone.
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DGCX-Middle-Earth: FOMC still uncertain: Dollar hits one month low, Asia markets reacted positive
June 18, 2015--MARKET PULSE
FOMC: Fed Officials Downgrade Growth Outlook for 2015
Fed Chair Yellen: Fed will consider rate increases on meeting by meeting basis; Conditions for first rate increase not yet met; Fed decisions will depend on actual data in months ahead
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Losing edge in ETFs, State Street turns to hedge funds
June 18, 2015--Firm is expanding hedge funds and alternative investment strategies that can be offered to individual investors
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Global watchdog says to study bond market liquidity
June 17, 2015--Global regulators will review the structure of bond markets to see if any changes are needed as central bankers fret over the possibility of more "taper tantrums" once interest rates start to rise.
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DMS-Indonesia On Right Track, But Still Has Many Hurdles To Overcome
July 17, 2015--It was with much anticipation on July 9, 2014, when Joko Widodo was elected President of Indonesia, the ASEAN region's largest economy with just over 53% of the vote.
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World Bank Aging in Europe and Central Asia- A Gray Tsunami or a Golden Era?
New World Bank report looks at both the challenges and opportunities of an aging population
June 17, 2015--Societies are aging across Europe and Central Asia, but individuals are not-a demographic trend driven primarily by declining fertility rates rather than increased longevity, says the new World Bank report, Golden Aging: Prospects for Healthy, Active and Prosperous Aging in Europe and Central Asia.
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Regulation is untapped resource for growth-study
June 17, 2015--Financial firms are failing to capitalize on regulation for investment and business change, as the investment banking community struggle with a state of constant regulatory change dubbed 'The New Normal.'
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OECD-Financial sector must promote inclusive growth
June 17, 2015--Finance is a key ingredient of modern economies, but too much finance may hamper economic growth and worsen income inequality, according to new research from the OECD.
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IOSCO publishes report on credible deterrence approaches in securities market regulation
June 17, 2015--The International Organization of Securities Commissions has published the report Credible Deterrence, which identifies key enforcement factors that may deter misconduct in international securities and investment markets. June 17, 2015--The report draws on the collective experience and expertise of IOSCO members and was produced by IOSCO's Committee 4 on Enforcement and the Exchange of Information, which is chaired by the UK Financial Conduct Authority (FCA).
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Plans to label big fund managers 'systemic' in jeopardy
June 17, 2015--A global effort to label the biggest asset managers as "systemically important" and subject them to greater scrutiny is in jeopardy after the world's market regulators hit back at the plans.
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Insurers take first bite of exchange-traded funds
June 17, 2015--While their interest is tentative, insurance companies present
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Assessing Debt Management Performance-Why It Is Important
June 16, 2015--The analysis and management of a country's debt portfolio are critical not only for maintaining macroeconomic stability. They also mobilize long-term resources for the country's development and help create the building blocks for a domestic money market.
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Saudi Arabia Opens Up $585B Stock Market To Direct Foreign Investment
June 15, 2015--Saudi Arabia's stock market, valued at $585 billion, opened up to direct foreign investment for the first time Monday, as the kingdom seeks an economic boost amid low global oil prices.
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LSE gets Hong Kong regulatory nod to HK firms to become LSE members
June 15, 2015--London Stock Exchange said on Monday it has received approval from Securities and Futures Commission to allow Hong Kong trading firms to become members of the LSE.
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IEA sets out pillars for success at COP21
Report offers strategy for delivering a peak in energy emissions by 2020
June 15, 2015--A peak in global energy-related emissions could be achieved as early as 2020 and at no net economic cost, the International Energy Agency said on Monday in its new World Energy Outlook Special Report on Energy and Climate Change.
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WDR 2015-Mind Society and Behavior
June 15, 2015--STORY HIGHLIGHTS
'Mind, Society and Behavior', the World Bank's flagship World Development Report for 2015, explores the myriad psychological, social, and cultural factors that influence the way people think and decide in their everyday lives.
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Firms alter bond portfolios as liquidity concerns mount
June 15, 2015--Lack of liquidity in the global bond markets has pushed money managers to alter the composition of portfolios, as concerns mount over an impending crunch in the fixed-income market.
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China managers set to ramp up solo overseas ETFs
June 15, 2015--Chinese managers are tipped to increasingly look to independent overseas listings of ETFs, without a foreign partner.
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World Bank-The Little Green Data Book 2015
June 15, 2015--The Little Green Data Book is a pocket-sized ready reference on key environmental data for over 200 economies.
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WisdomTree Appoints Kurt MacAlpine Executive Vice President and Head of Global Distribution
New Role to Oversee Company's Ongoing and Future Distribution Efforts Worldwide
June 15, 2015--WisdomTree Investments, Inc. WETF, an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the hire of Kurt MacAlpine as Executive Vice President--Head of Global Distribution.
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What Investors Need to Know as Saudi Stocks Open Up to the World
June 14, 2015--Saudi Arabia is opening one of the world's most-restricted stock markets to foreigners for the first time on Monday.
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DECPG Global Weekly
June 12, 2015--Taking Stock
The World Bank lowered its growth forecasts for developing countries. The World Bank cut its growth outlook for developing countries in the June 2015 Global Economic Prospects report, citing a series of tough challenges including the looming prospect of higher borrowing costs in a new era of low prices for oil and other commodities.
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State Street Global Advisors-Weekly Market Report
June 12, 2015--This Week's Highlights
Economies
Retail sales rise robustly in the US. Housing starts rebound in Canada. Industrial production rises in the UK and Germany but falls in France and Italy. GDP is revised up for a very strong gain in Japan. Unemployment falls in Australia.
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DGCX RISK RETURNS: Greece IMF talks fail, USD falls in-spite of good Retail Sales
June 12, 2015--USD's strength will persuade the Fed to delay its first rate increase since 2006-Comment U.S. consumer demand increased in May
US Commerce Department said retail sales rose 1.2 % in May, 1st time this year as per forecast.
US Fed FOMC meeting next week BOJ Governor said Wed "currency was already "very" weak on a real effective basis"
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To Solve Liquidity Drought, Investors Try to be Future(s) Perfect
June 12, 2015--Hardly a week passes without a senior regulator talking about dwindling liquidity and rising volatility in financial markets.
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FSB and IOSCO publish Public Responses to the Second Consultative Document on NBNI G-SIFI Assessment Methodologies
June 12, 2015--FSB and IOSCO publish public responses to the March 2015 second consultative document on assessment methodologies for identifying non-bank non-insurer global systemically important financial institutions.
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Junk-Bond Defaults Growing as Pressure From Commodities Persists
June 12, 2015--U.S. junk-bond defaults rose to the highest level since October 2009 as depressed prices plague energy, metal and mining issuers that represent the largest contingent of debt from the riskiest companies.
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GoldMoney weekly market report and customer metrics
June 12, 2015--Silver in the spotlight
GoldMoney customers have had a busy few days with trading volumes up on the previous week.
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IEA Oil Market Report
June 11, 2015--Product market strength and rising tension throughout the Middle East supported global crude oil prices in May and through early June. At the time of writing, ICE Brent was trading at around $65.95/bbl, while US WTI was at $61.50/bbl.
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Implementation monitoring of the PFMIs: Second update to Level 1 assessment report
June 11, 2015--The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published the second update to the Level 1 assessments of implementation monitoring of the Principles for financial market infrastructures (PFMIs).
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Report Says Rich Nations Face Rising Risks of Cyberattacks
June 11, 2015--Wealthy nations face a high and fast-growing threat of cyberattacks while risks from terrorism increasingly are confined to poorer, conflict-stricken countries, according to a defense outlook report by the consultancy Deloitte.
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G20 GDP Growth-First quarter of 2015, OECD
G20 GDP growth slows slightly to 0.7% in first quarter of
June 11, 2015--Quarterly Gross Domestic Product (GDP) in the G20 area grew by 0.7% in the first quarter of 2015, slightly down from 0.8% in the previous quarter, according to preliminary estimates. However, patterns diverged across countries.
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MSCI Says Market Access Holds Key to China's A Shares
June 11, 2015--The firm is working with Chinese authorities to address access issues and pave the way for including A shares in MSCI's EM index.
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The 48% slump in SPDR holdings shows gold is out of favour
Assets in the world's biggest gold-backed exchange-traded product slumped to the lowest since the start of the financial crisis.
June 11, 2015--Assets in the world's biggest gold-backed exchange-traded product slumped to the lowest since the start of the financial crisis as equities rallied and investors prepared for the onset of higher U.S. interest rates, hurting demand.
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DMS-Deciphering Developing Markets-Emerging Markets: India to revamp labour laws
June 11, 2015--Prime Minister Narendra Modi has now turned his attention to the antiquated labour laws that have seriously hindered the manufacturing sector in India. He will need to do so if he wants his signature programme "Make in India" to be a success.
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Competition hots up among fixed income ETF brokers
June 10, 2015--Liquidity-starved bond investors are pouring money into fixed income exchange-traded funds
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Overberg Asset Management-This week's bottom line...
June 10, 2015--The emerging markets displaying the weakest currency fundamentals include Brazil, SA and Turkey, dubbed the "Threatened Three".
Countries with high current account deficits are especially vulnerable.
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Success of Shanghai-Hong Kong Stock Connect Hinges on Removing Barriers to Participation-According to Study
June 10, 2015--Launched in November, this path-breaking initiative provides international investors with direct access to China's A shares market for the first time
Continued participation among investors, brokers and custodians is a key focus area to ensure program achieves its goals
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BP-Statistical Review of World Energy 2015
June 10, 2015--2014 in review
Global primary energy consumption decelerated sharply in 2014, even though global economic growth was similar to 2013
Consumption increased for all fuels, reaching record levels for every fuel type except nuclear power; production increased for all fuels except coal. For oil and natural gas, global consumption growth was weaker than production.
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World Bank-Developing Countries Face Tough Transition in 2015 with Higher Borrowing Costs and Lower Prices for Oil & Other Commodities
Impending rise in US interest rates could reduce capital flows, spur financial market volatility in developing countries
June 10, 2015--Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive year of disappointing economic growth this year, says the World Bank Group's latest Global Economic Prospects (GEP) report, released today.
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State Street Names Michael Ho for Push Into Hedge Funds
June 10, 2015--Michael Ho, who heads active emerging market stock investing for State Street Corp.'s asset-management arm, will lead the unit's expansion into alternatives.
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First Bridge Data- 'ETF 20/20 Report' June 2015
June 10, 2015--Highlights
16 new launches including an innovative product that replicates exposure to spot VIX.
Index benchmark switches for 10 Invesco PowerShares ETFs.
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Commodity markets braced for El Nino impact
June 10, 2015--Farmers and commodity investors around the world are braced for weather disruptions affecting harvests and markets as leading meteorological agencies have warned of a longer and stronger than expected El Niño phenomenon.
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S&P lowers ratings of Barclays, Deutsche and RBS
June 10, 2015--Ratings agency Standard & Poor's downgraded several U.K. and German banks, including Deutsche Bank and Barclays, saying it considers government support for these banks to be uncertain.
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London Stock Exchange Group and Haitong Securities sign Agreement
June 10, 2015--LSEG and Haitong Securities agree to wide ranging collaboration across trading, ETFs and IPOs
Further significant boost to growing ties between UK and China
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Investors dump junk exchange traded funds as bond turmoil spreads
June 10, 2015--Investors are accelerating their withdrawal of money from one of the riskiest areas of the US credit market, tracked by exchange traded funds, as global bond yields continue rising.
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Western stock exchanges look to China for market growth
June 9, 2015--China offers better growth prospects for stock and derivatives exchanges as making money in mature western markets becomes tougher due to overcapacity, top bourse officials said on Tuesday.
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Global holding and use of yuan fall
June 9, 2015--THE international holding and use of the yuan fell in April from a month ago for the first time in over two years, hurt by the currency's depreciation in the first quarter, Standard Chartered Bank said today.
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IMF-Is the Glass Half Empty Or Half Full?: Issues in Managing Water Challenges and Policy Instruments
June 9, 2015--Summary: This paper examines water challenges, a growing global concern with adverse economic and social consequences, and discusses economic policy instruments. Water subsidies provided through public utilities are estimated at about $456 billion or 0.6 percent of global GDP in 2012.
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MSCI May Upgrade Pakistan To Emerging Markets, Saudi Arabia Is Not Ready
June 9, 2015--There is a chance Pakistan will be in the emerging markets again, while Pakistan's far wealthier brother Saudi Arabia is nowhere close to entering the club, tracked by close to $1.7 trillion funds.
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MSCI Decides Against China A-Shares In Huge Emerging Market Index
June 9, 2015--The verdict is out. China is not ready for the big time...just yet.
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BetaShares Global Market Review: May 2015...
June 9, 2015--The main theme last month was fear of Fed tightening, which saw the US dollar rise and the $A weaken-which in turn contributed to unhedged international equity being the best performing major asset class during the month.
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Bond-Market Volatility Triggers Alarms
June 8, 2015--U.K.'s debt agency chief raises prospect that swings could cause investors to balk at buying bonds at auction.
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Collaboration with Shanghai Stock Exchange
June 8, 2015--SIX Swiss Exchange and Shanghai Stock Exchange have agreed in a memorandum of understanding to step up their collaboration.
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IOSCO publishes good practices on reducing reliance on CRAs in Asset Management
June 8, 2015--The International Organization of Securities Commissions (IOSCO) today published its final report on Good practices on reducing reliance on CRAs in Asset Management, which provides a set of good practices for reducing over-reliance on external credit ratings in the asset management industry.
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BlackRockETP Landscape: Durable non-U.S. equity demand
GLOBAL ETP FLOWS IN MAY REFLECT DURABLE DEMAND FOR NON-U.S. EQUITIES DESPITE BROADER SLOWDOWN IN ACTIVITY
June 8, 2015--Global ETPs gathered $18.3bn, though excluding non-U.S. equities flows were largely flat
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STOXX Ltd. launches True Exposure index family to help investors achieve efficient strategic asset allocation
June 8, 2015--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced the launch of the STOXX True Exposure index family, in short STOXX TRU. The indices allow investments in predefined countries or regions by selecting companies that have a dominant economic exposure to the targeted area. By enabling investors to sharpen portfolio exposure to selected regions, these indices allow for improved asset allocation that significantly de-risks portfolios with the same regional allocations.
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Jain Era Ending as Deutsche Bank Appoints Cryan for Top Job
June 8, 2015--Deutsche Bank AG shares surged the most in more than two years as investors welcomed a management overhaul at Germany's biggest bank.
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BlueStar Israel Equity Update June 2015-Israeli Global Equities Reach New Highs in May
June 8, 2015--Israeli global equities, as measured by BIGI(R) continued their upward move in May, almost reaching another all-time high before falling off slightly during the last week of the month.
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Free Lunch: Bitcoinomics
June 8, 2015--If bitcoin were a person, it would barely have reached school age. But only six years after the cryptocurrency software was released by its equally cryptic inventor, it is garnering extraordinary attention from finance professionals and regulators.
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