Investors turn to ETF options for safety amid turmoil-continued

November 1, 2018--A chastening October reminds some investors about the risks of a further drop
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Source: FT.com

Global ETP News
Firms see risks on the horizon as LIBOR disappears
May 16, 2019--LIBOR and other interbank rates will disappear in 2021
Banks and other financial firms are bracing for a host of risks that may accompany the move away from interbank offered rates (IBORs), such as the London IBOR, to alternative financial benchmarks, Moody’s Investors Service reports.
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BetaShares-Global ETF Review Q1 2019: Fixated on Fixed Income
May 15, 2019--The first quarter of 2019 saw investors continue to preference investing via the ETF structure compared to traditional mutual funds, which continued to sustain net outflows. Fixed income was most definitely the flavour of the quarter, as investors moved to a decidedly risk-off position in their portfolios.
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Bitcoin vaults above $7 000 level as crypto rally gathers steam
May 13, 2019--Bitcoin jumped above $7 000 and didn't look back, as its longest winning streak since 2013 continued to rekindle the global cryptocurrency market.
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MSCI adds Saudi Arabia, Argentina indexes to emerging markets index
May 13, 2019--MSCI Inc, the world's largest index provider, said on Monday it would include the MSCI Saudi Arabia and MSCI Argentina indexes in its closely watched and widely duplicated emerging-markets index, in a move that could draw billions of dollars into the stocks.
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IMF Working Papers The Motives to Borrow
May 10, 2019--Summary
Governments issue debt for good and bad reasons. While the good reasons-intertemporal tax-smoothing, fiscal stimulus, and asset management-can explain some of the increases in public debt in recent years, they cannot account for all of the observed changes.
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IMF Working paper-CoMap: Mapping Contagion in the Euro Area Banking Sector
May 10, 2019--Summary
This paper presents a novel approach to investigate and model the network of euro area banks' large exposures within the global banking system. Drawing on a unique dataset, the paper documents the degree of interconnectedness and systemic risk of the euro area banking system based on bilateral linkages.
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Research Announcement: Moody's-ETFs ability to weather liquidity risk governed by its underlying market
May 9, 2019--ETFs have experienced rapid expansion in a calm environment
Extended bursts of volatility could reveal that ETF liquidity mirrors underlying market liquidity
The liquidity of exchange traded funds (ETFs) differ owing to the varying characteristics determined by their underlying markets and indexes.
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Above $6,000: Bitcoin's Price Spikes to 6-Month High
May 9, 2019--Bitcoin's price rose above $6,000 on most cryptocurrency exchanges for the first time today in nearly six months.
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Can emerging markets be a source of global troubles again?
May 9, 2019--According to popular perception, emerging-market economies have not experienced serious macroeconomic and financial turbulence since the beginning of this century. This perception was not entirely correct because it disregarded spill-over effects of the global financial crises of 2008–2009, the consequences of the decline of oil and other commodity prices in 2014–2016, economic and financial troubles caused by violent conflicts and regional political instability.
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Tradeweb Reports April 2019 Trade Volume
May 9, 2019--CONTINUED STRONG TRADING ACTIVITY YEAR TO DATE
Average daily volume (ADV) across rates, credit, money markets and equities for Tradeweb Markets in April 2019 was the second highest monthly total ever at Tradeweb. ADV for April 2019 of $665.5 billion (bn) rose 34.2 percent (%) year over year (YoY) while average daily trades totaled 49,423.
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How the fund industry can flush out the closet trackers
Disclosure of the true cost of active management will help both investors and society. ‎May 8, 2019--At the same time, critics of active managers claim there are too many closet trackers-funds that charge active fees (typically five to 10 times...
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IMF Working Paper-Taming Financial Development to Reduce Crises
May 8, 2019--Summary:
This paper assesses whether and how financial development triggers the occurrence of banking crises. It builds on a database that includes financial development as well as financial access, depth and efficiency for almost 100 countries.
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Basel Committee reports on Basel III implementation progress
May 7, 2019--The Basel Committee on Banking Supervision today issued the Sixteenth progress report on adoption of the Basel regulatory framework. As noted by the Group of Central Bank Governors and Heads of Supervision (GHOS), the Committee's oversight body, its members expect full, timely and consistent implementation of the finalised Basel III reforms by member jurisdictions.
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IMF Working Paper-Discriminatory Pricing of Over-the-Counter Derivatives
May 7, 2019--Summary:
New regulatory data reveal extensive price discrimination against non-financial clients in the FX derivatives market. The client at the 90th percentile pays an effective spread of 0.5%, while the bottom quarter incur transaction costs of less than 0.02%.
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IMF Working Paper-Inefficient Fire-Sales in Decentralized Asset Markets
May 6, 2019--Summary:
Classic models of fire-sales that emphasize liquidity-constrained natural buyers can-not fully account for the asset fire-sales during the Financial Crisis of 2008. I present a model to demonstrate that fire-sales may happen even when there is a sizable pool of natural buyers and in the absence of asymmetric information, due to a coordination failure among buyers.
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IMF Working Paper-Globalization, Market Power, and the Natural Interest Rate
May 6, 2019--Summary:
We argue that strong globalization forces have been an important determinant of global real interest rates over the last five decades, as they have been key drivers of changes in the natural real interest rate-i.e. the interest rate consistent with output at its potential and constant inflation.
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Who to Sue When a Robot Loses Your Fortune
May 5, 2019--The first known case of humans going to court over investment losses triggered by autonomous machines will test the limits of liability. Robots are getting more humanoid every day, but they still can't be sued.
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ULTUMUS Announces Partnership With Velox To Develop Next Generation of Delta One Desktop Products
May 2, 2019--ULTUMUS, the leading global provider of data services for Index and ETF products, today announces a partnership with Velox Financial Technology (Velox), a provider of customized real-time trading technology solutions to provide portfolio management, trading & analytics solutions to investment banks and the asset management community.
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IMF Working Paper-Global Fossil Fuel Subsidies Remain Large: An Update Based on Country-Level Estimates
May 2, 2019--Summary:
This paper updates estimates of fossil fuel subsidies, defined as fuel consumption times the gap between existing and efficient prices (i.e., prices warranted by supply costs, environmental costs, and revenue considerations), for 191 countries.
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Moody's Research Warns Corporations That Private Blockchains Contain New Risks
April 30, 2019--United States credit rating agency Moody's Investor Service warned about the dangers of private versus public blockchains in new research issued on April 25.
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IMF Working Paper-Enabling Deep Negative Rates to Fight Recessions: A Guide
April 29, 2019--Summary:
The experience of the Great Recession and its aftermath revealed that a lower bound on interest rates can be a serious obstacle for fighting recessions. However, the zero lower bound is not a law of nature; it is a policy choice.
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Five Things to Know About the Economic Outlook in the Caucasus and Central Asia
April 29, 2019--While growth is stable, countries in the Caucasus and Central Asia (CCA) face an array of longstanding challenges that, if unaddressed, threaten to hold back the region from reaching its potential.
Here are five key things to know from the latest IMF Regional Economic Outlook Update
The good news? Growth is stable, and inflation is low
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The Economic Outlook of the Middle East, North Africa, Afghanistan, and Pakistan in Five Charts
April 29, 2019--In the best of times, countries in the Middle East, North Africa, Afghanistan, and Pakistan (MENAP) region would face a formidable task of creating jobs for the millions of young people entering the workforce.
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Bank Profitability: Consider the Source
April 30, 2019--The global financial crisis of 2007–2009 and the ensuing period of low interest rates have renewed interest among policy makers in the relationship between bank profitability and financial stability. Despite the subsequent recovery, the return on equity of many banks remains below the cost of equity.
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IMF Working Paper-The Global Economic Recovery 10 Years After the 2008 Financial Crisis
April 26, 2019--Summary:
This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08.
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IMF Working Paper-Global Declining Competition
April 26, 2019--Summary:
Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm markups during 2000-2015.
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Flow Traders releases March 2019 ETP market stistics
April 24, 2019--Flow Traders N.V. ("Flow Traders") (Euronext: FLOW), today releases the monthly ETP (Exchange Traded Products) market statistics for March 2019. This refers to general market observations only.
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Oil prices to be lower in 2019 on slower-than-expected global growth, rising non-OPEC supply
April 23, 2019--Metal, agriculture prices to stage partial recovery, momentum to pick up in 2020
Crude oil prices are expected to average $66 a barrel in 2019 and $65 a barrel in 2020, a downward revision from the October forecast due to the weaker-than-expected global growth outlook and greater-than-anticipated U.S. production, the World Bank said.
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Did ETFs have a bad first quarter 2019?
April 23, 2019--Following the trade press in Germany and other European countries, I was quite surprised when I read the headline that net sales in ETFs were down dramatically over the course of the first quarter of 2019.
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Exchange-traded bond funds crash through $1tn in assets
April 23, 2019--The amount of assets held in exchange-traded bond funds has pushed past $1tn, capping a near fivefold increase since the financial crisis, and underscoring a radical reshaping of the world's debt markets.
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Bonds to Save the Planet
April 23, 2019--Eco-friendly fixed-income funds can help create a stronger market for securities that back environmental projects.
Green bonds could be a key tool to finance the fight against climate change. But good luck getting your hands on one, or figuring out exactly what it's worth.
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IEA statement on global oil markets
April 23, 2019--The International Energy Agency is monitoring developments in global oil markets, and notes that markets are now adequately supplied, and that global spare production capacity remains at comfortable levels.
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First Bridge Data-ETF Worldwide Snapshot-Apr 2019
April 22, 2019--In the latest monthly report:
On April 8, 2019 the US SEC issued a notice that it intends to approve the application from Precidian Funds to launch non-transparent actively managed ETFs.
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Deloitte-Finance 2025: Digital transformation in finance
April 22, 2019-Our eight predictions about digital technology for CFOs
Coming off the success of our previous "Crunch time" reports, we're now looking towards the future with eight predictions for the finance function of 2025.
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Stoplight system could spot imminent meltdowns-study
April 22, 2019--Proposed traffic light system sifts through transaction data for signs of trouble
A traffic light system of risk indicators for financial market infrastructure could use transaction data to detect threats to financial stability in almost real time, according to research due to be published later this year.
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