World Gold Council-Gold demand in Q3 at eight-year low as ETF inflows slowed sharply-continued

November 9, 2017--The third quarter saw a 9% year-on-year (y-o-y) drop in gold demand to 915 tonnes (t). Year-to-date (y-t-d) demand was down by 12%.1 ETFs had another quarter of positive inflows, but at 18.9t, they fell far short of the 144.3t influx in Q3 2016.
A softer quarter in the jewellery sector (-3%) accounted for 17t of the y-o-y decline. Demand from other sectors firmed: central banks bought a healthy 111t of gold (+25% y-o-y) while bar and coin investment strengthened by 17% (to 222.3t). albeit from a low base.

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Source: World Gold Council (WGC)

Global ETP News
Flow Traders releases May 2018 ETP market statistics
June 18, 2018--Flow Traders N.V. ("Flow Traders") (Euronext: FLOW), today releases the monthly ETP (Exchange Traded Products) market statistics for May 2018. This refers to general market observations only.
In May 2018, the total Global ETP Assets under Management (AuM) rose to US$ 4,986 bn from US$ 4,887 bn in April 2018 (+2% month-on-month, source: BlackRock ETP Landscape May 2018).
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ETF Securities Weekly Flows Analysis: Industrial metal basket ETP flows benefited the most as trade wars intensify
June 18, 2018--Industrial metal basket ETPs took the lion's share of inflows surging the most since December 2017.
Gold ETPs suffered outflows last week after hawkish comments by the Federal Reserve.
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Investors Continue to be Net Purchasers of Bond Funds and ETFs in May
June 18, 2018--For the first month in three money market funds witnessed net inflows, taking in $59.3 billion for May (their largest monthly net inflows since November 2017). For the third month running the fixed income funds macro-group witnessed net inflows, taking in $6.0 billion.
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Trust is the missing link in today's cryptocurrencies, BIS says
June 18, 2018--Cryptocurrencies' model of generating trust limits their potential to replace conventional money, the Bank for International Settlements (BIS) writes in its Annual Economic Report (AER), a new title launched this year.
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Bain Study: if Implemented Right, Blockchain Will Dramatically Reduce Costs for Banks
June 15, 2018--Blockchain technology has the potential to revolutionize transaction banking according to a study by major global management consultancy firm Bain & Company, Cointelegraph auf Deutsch reports today, June 14.
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DECPG Global Weekly
June 15, 2018--TAKING STOCK
U.S. Federal Reserve raised interest rates; consumer price inflation rose in May
U.S. government announced import tariffs on China
ECB to end quantitative easing in December 2018; Euro Area industrial output fell in April.
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First Bridge Data-ETF Global Snapshot-June 2018
June 15, 2018--Monthly Global ETF Snapshot:
Global ETF assets were $5.085T as of May 31, 2018.
As of May 31, 2018, MSCI began to include China 'A' shares in its emerging markets index that is tracked by large ETFs like the iShares Emerging Markets ETF ('EEM').
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IMF Working Papers-A Macroeconomic Approach to the Term Premium
June 15, 2018--Summary:
In recent years, term premia have been very low and sometimes even negative. Now, with the United States economy growing above potential, inflationary pressures are on the rise.
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Millennial Money: When ethical funds aren't so ethical
June 13, 2018--Do you really know what you're buying with ESG assets?
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Cryptocurrency tether used to boost bitcoin prices, study finds
June 13, 2018--There is evidence that tether, a digital currency pegged to the U.S. dollar, may have been used to manipulate the price of bitcoin BTC=BTSP and other cryptocurrencies, according to a research paper released by the University of Texas on Wednesday.
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ETFGI reports that assets invested in ETFs and ETPs listed globally are again above the US$5 trillion milestone at the end of May 2018
June 12, 2018-ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed globally broke through the US$5.000 Tn milestone at the end of May 2018 to reach $5.004 Tn (All dollar values in USD unless otherwise noted.)
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Solactive-ROBO-ADVISORY: A Closer Look at the Engine Room Through Time June 2018
Our previous chapter Robo Advisory: A Closer Look at the Engine Room studied the digital portfolios of three hypothetical investors-Bart S., Lisa S., Abraham S.-as recommended by a sample of German and US robo-advisors. This report is a follow-up to the
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66% of pension fund managers cite passive investments as established part of portfolio
June 12, 2018--A total of 66 per cent of pension fund managers regard passive investments as an established, mature part of their portfolio, DWS has reported.
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Markets turn down the volumes when the World Cup starts
June 12, 2018--The World Cup kicks off in Russia on Thursday and investors should be warned that financial markets tend to act like any emotional soccer fan during the matches-they go quiet and nervy and don't like losing.
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Thomson Reuters-New Constructs: How To Find the Best Sector ETFs 2Q18
June 12, 2018--Don't Trust ETF Labels
There are at least 44 different Technology ETFs and at least 225 ETFs across eleven sectors. Do investors need 20+ choices on average per sector? How different can the ETFs be?
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An Imbalance in Global Banks' Dollar Funding
June 12, 2018--For companies and investors outside the United States, the dollar is often the currency of choice. Surprisingly, though, US banks play only a limited role in lending dollars to international borrowers.
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ETf Securities Weekly Flows Analysis: Likely supply disruptions lead to industrial metals rally
June 11, 2018-- Industrial metal basket ETPs see largest inflows since February. Industrial metals gained a strong tail-wind last week, rising 2.9%, as trade-wars....
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IMF-Fiscal Affairs Department How-To Notes-How to Manage the Fiscal Costs of Natural Disasters
June 11, 2018--Summary:
This how-to note focuses on the management of the fiscal costs associated with natural disaster risks. Unlike other types of fiscal risks (for example, unexpected macroeconomic changes or materialization of contingent liabilities), a natural disaster presents a unique challenge to fiscal risk-management and budget processes because of its exogenous nature and potentially overwhelming scale.
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DECPG Global Weekly
June 8, 2018--TAKING STOCK
The World Bank projects global growth to remain steady in 2018, but to slow over the next two years
U.S. trade deficit fell to a 7-month low in April; non-manufacturing growth picked up in May
Euro Area Q1 GDP growth slowdown confirmed; investor confidence tumbled in June.
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Bitcoin trading rules leave Plus500 to make an educated guess
June 7, 2018--ew trading limits may prove tough test for would-be 'professionals'
Attention all bitcoin traders with Plus500 and CMC Markets! A new study from Warwick Business School has found that:
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ESG Water Risk Index launched by Thomas Schumann Capital
June 7, 2018--Thomas Schumann Capital LLC (TSC) has launched a Water Risk Index, a smart beta solution for asset allocation, based on its own proprietary models.
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Exchange traded fund boom increases operational challenges for asset servicers
June 6, 2018---Latest Temenos Multifonds Every Fund Survey finds:
78% of the asset management industry believe ETFs will sustain current growth rates
62% predict increasing convergence between ETFs and mutual funds
Operational systems seen as the top challenge and risk
1 in 4 feel asset servicers are not keeping pace with ETF growth and complexity
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BetaShares Global Market Outlook: Recovery continues
June 6, 2018--Month in Review-easing interest rate risk supports stocks
Global equities continued their rebound in May, after good gains in April, as interest rate and geopolitical risks eased somewhat, while the tail end of the US corporate earnings remained strong.
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19 Global foreign direct investment flows fell sharply in 2017
June 6, 2018--Negative trend is sign of slowdown in international production and global value chains, World Investment Report 2018 reveals.
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World Gold Council-Global gold-backed ETF inflows driven by Europe and Asia
June 6, 2018--Global gold-backed ETF holdings added 15 tonnes(t) to 2,484t in May. Europe and Asia drove inflows as European funds have responded strongly in the past two months. North American fund flows reversed their early 2018 trend as they lost 2.3% of assets, likely a result of the volatile prices in the gold market which left gold lower by 60bps (in dollar terms) on the month.
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Global Economy to Expand by 3.1 percent in 2018, Slower Growth Seen Ahead
June 5, 2018--Emerging, Developing Economies to Accelerate as Commodity Exporters Recover
Despite recent softening, global economic growth will remain robust at 3.1 percent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market and developing economies levels off, the World Bank said on Tuesday.
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iShares-Four Big Trends Driving ETF Growth-Global ETF assets could reach $12 trillion over five years
June 5, 2018--Exchange traded funds (ETFs) are the most enduring investing trend in a generation. This century began with fewer than $100 billion in ETF assets and now counts $4.7 trillion across an ever-expanding number of products.1
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ETFGI reports assets invested in active ETFs and ETPs listed globally reach record high of 86 billion US dollars at the end of April 2018
June 5, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in active ETFs and ETPs listed globally reached a record high of US$86.09 Bn at the end of April 2018; an increase in assets of US$3.11 Bn from the previous record of US$82.97 Bn set at the end of March 2018. (All dollar values in USD unless otherwise noted.)
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ETFGI reports assets invested in Currency Hedged ETFs and ETPs listed globally decreased by 1.1% year to date through end of April 2018
June 5, 2018--According to ETFGI's April 2018 Currency Hedged ETF and ETP industry insights report, a monthly report included in an annual paid-for research subscription service, assets invested in currency hedged ETFs/ETPs reached US$143.94 Bn at the end of April 2018, decreasing by 1.1% from US$146.14 Bn in December 2017. (All dollar values in USD unless otherwise noted.)
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ETF Securities Weekly Flows Analysis-Gold's safe haven status reignited by fears of 'Quitaly' and trade tariffs
June 4, 2018--Gold ETPs took the lion's share of inflows as Italy's political chaos and trade tariffs took centre stage
Diversified basket ETPs draw in US$46mn of inflows as investors appear to rotate back into commodities
Energy sector ETP flows bifurcate-energy baskets attract inflows while crude oil ETPs suffer outflows
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Total virtual currency sales jump in 2018 but monthly trend slows: report
June 4, 2018--Virtual currency sales ballooned to $9.1 billion so far this year, exceeding the $6.6 billion total for all of 2017, a financial technology data provider reported on Monday, but it said the monthly trend actually showed a slowdown if the two biggest offerings are excluded.
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ETFGI reports assets invested in the global ETF industry extended lead over hedge fund industry to US$1.70 trillion at the end of Q1 2018
June 1, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in the global ETF/ETP industry extended their lead over assets invested in the global hedge fund industry to US$1.70 trillion at the end of Q1 2018, an increase of 4.91% over the gap at the end of Q4 2017. (All dollar values in USD unless otherwise noted.)
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DECPG Global Weekly
June 1, 2018--TAKING STOCK
U.S. Q1 GDP growth revised slightly down; nonfarm job growth strengthened in May; PCE inflation remained steady
U.S. government announced new import tariffs on major trading partners
Euro Area inflation picked up in May; unemployment rate fell in April
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Use of behavioural insights may help educate investors, say IOSCO/OECD
May 31, 2018--Financial regulators, public authorities, and other organisations are increasingly using behavioural insights to educate investors to make more informed financial decisions, according to a report published today by the International Organization of Securities Commissions (IOSCO) and the Organisation for Economic Co-operation and Development's International Network on Financial Education (OECD/INFE).
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Investing in the global green economy: Busting common myths
May 31, 2018--Executive summary
Until now the transition to a sustainable and "green" economy1 has been a loose concept rather than a defined, investable, industrial system. This lack of definition and data has led to the impression that it is of limited size; small cap dominated; lacking diversification and that investors give up performance in exchange for environmental benefits.
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OECD sees stronger world economy, but risks loom large
May 30, 2018--The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and supported by very accommodative monetary policy and fiscal easing, according to the OECD's latest Economic Outlook.
The pace of global expansion over the 2018-19 period is expected to hover near 4%, which is close to the long-term average.
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JPMorgan Dethrones Citigroup to Become Biggest Currency Trader
May 30, 2018--JPMorgan rises from second place in Euromoney survey
Citigroup falls to fifth in survey featuring new methodology
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MSCI Weighs Capping India, Brazil Weights Over Investor Access
May 30, 2018--Korea and Turkey may also be hit, a client presentation shows
MSCI will consult its clients with results due by Dec. 31
MSCI Inc., one of the world's biggest index compilers, is placing emerging markets including India and Brazil on notice for limiting investor access
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New food index sets roadmap for better health and sustainability; meat and fish companies worth $152 billion labelled 'high risk'
May 30, 2018--New index, backed by $5.9 trillion investor network, analyses 60 global intensive farming companies on health, environmental and social issues
60% of meat and fish companies in the Index-36 large companies worth $152 billion-are categorized as 'high risk' by research aimed at world's largest investors.
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World Economic Forum-It's not about the technology. Faster, better internet needs different financing models
May 30, 2018--Best-connected users have 200 times greater internet capacity than do users in parts of Africa and Asia. By 2040, closing the connectivity gap will require a $1 trillion investment
There is a disconnect between the exponential growth of internet use, infrastructure demands of next-generation technologies and current financing models
New World Economic Forum report highlights latest findings of Internet for All project.
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Deloitte-New tech on the block Planning for blockchain in the Retail and Consumer Packaged Goods industries
May 30, 2018--A new insight report explores the potential for blockchain technology to underpin a transformation in the retail and consumer packaged goods value chain.
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FTSE Russell launches 2018 STEP Change Initiative
May 30, 2018--Stewardship, Transition and Engagement Program (STEP) for Change initiative issued today alongside new detailed analysis on the size and scale of the Green Economy
STEP Change to help drive better global standards in sustainable investment
New tool for listed companies launched today to enable ESG comparisons against their peers
Growing numbers of investors now routinely considering stewardship and sustainability themes as core investment priorities
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IMF Working Papers-On the Macroeconomic Consequences of Over-Optimism
May 30, 2018--Summary:
Is over-optimism about a country's future growth perspective good for an economy, or does over-optimism also come with costs? In this paper we provide evidence that recessions, fiscal problems, as well as Balance of Payment-difficulties are more likely to arise in countries where past growth expectations have been overly optimistic.
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DECPG Global Monthly-May 2018
May 29, 2018--Overview
Growth stumbled in many countries in 18Q1. The deceleration was most noticeable in advanced economies, but emerging market and developing economies (EMDEs) were also affected.
The rise in the U.S. dollar has been accompanied by financial market pressure on a few emerging markets, but the stress remains contained at present.
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Time to Move from FAANGs to SEPTICS?
May 28, 2018--A half-century ago, when investors fell in love with the "Nifty Fifty," the darling U.S. mega-caps of the era that many advised to buy and hold forever, they at least had the ability to choose from among companies spanning numerous industries (companies like PepsiCo, Schlumberger, Pfizer, etc., were in completely different businesses).
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DECPG Global Weekly
May 25, 2018--TAKING STOCK
The U.S. composite PMI rose to a 3-month high in May; the Federal Reserve minutes signaled a June rate hike
The Euro Area composite PMI hit an 18-month low in May
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IMF Policy Papers-The Core Principles for Islamic Finance Regulations and Assessment Methodology
May 24, 2018--This paper provides a proposal to incorporate the Core Principles for Islamic Finance Regulation (Banking Sector) (CPIFR) issued by the Islamic Financial Services Board (IFSB), as part of the standards used in assessing the banking regulatory and supervisory regimes of relevant member jurisdictions under the Financial Sector Assessment Program (FSAP) and the Reports on Observance of Standards and Codes (ROSCs).
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Deutsche Bank Says It Will Cut at Least 7,000 Jobs in Revamp
May 24, 2018--Lender to reduce headcount by a quarter at equities business
Bank says results this year affected by restructuring charge.
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Top banks' first quarter commodities revenue jumps 48 percent: report
May 23, 2018--Commodities-related revenue at the 12 biggest investment banks in the first quarter jumped 48 percent year on year driven by the U.S. energy sector and commodity indices, consultancy Coalition said on Thursday.
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Cryptocurrency prices are all in the mind
May 23, 2018--Research suggests investor mood swings only factor in fluctuating prices
The volatility of cryptocurrencies has become something of a joke. The fact its value bounces around like a kangaroo in a clown car has given rise to countless memes about the emotional toll of being an investor.
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First Bridge Data-ETF Global Snapshot-May 2018
May 22, 2018--Key Highlights
Global ETF assets crossed the $5T threshold, a key milestone for the industry.
Rising crude oil prices resulted in energy heavy large cap Russian stocks ('RSX') outperforming Russian small caps ('RSXJ').
Aberdeen Standard announced the acquisition of ETF Securities' ETF business in the US.
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More Governments Taking Up Carbon Pricing and Seeing Big Benefits in Revenues: World Bank Report
May 22, 2018--In 2017, Governments Raised About $33 Billion In Carbon Pricing Revenue, a 50% increase from 2016
Governments at national and subnational levels around the world continue to prepare for, and implement, carbon pricing initiatives as a means to curb their emissions while raising revenues, a new World Bank report finds.
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