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IMF Working Paper-Fintech in Latin America and the Caribbean: Stocktaking
March 26, 2019--Summary:
In Latin America and the Caribbean (LAC), financial technology has been growing rapidly and is on the agenda of many policy makers. Fintech provides opportunities to deepen financial development, competition, innovation, and inclusion in the region but also creates new and only partially understood risks to consumers and the financial system.
This paper documents the evolution of fintech in LAC. In particular, the paper focuses on financial development, fintech landscape for domestic and cross border payments and alternative financing, cybersecurity, financial integrity and stability risks, regulatory responses, and considerations for central bank digital currencies.view the IMF Working Paper-Fintech in Latin America and the Caribbean: Stocktaking
Source: IMF
IMF Working Paper-NAFTA to USMCA: What is Gained?
March 26, 2019--Summary:
The United States-Mexico-Canada Agreement (USMCA) was signed on November 30, 2018 and aims to replace and modernize the North-American Free Trade Agreement (NAFTA). This paper uses a global, multisector, computable-general-equilibrium model to provide an analytical assessment of five key provisions in the new agreement, including tighter rules of origin in the automotive, textiles and apparel sectors, more liberalized agricultural trade, and other trade facilitation measures.
The results show that together these provisions would adversely affect trade in the automotive, textiles and apparel sectors, while generating modest aggregate gains in terms of welfare, mostly driven by improved goods market access, with a negligible effect on real GDP. The welfare benefits from USMCA would be greatly enhanced with the elimination of U.S. tariffs on steel and aluminum imports from Canada and Mexico and the elimination of the Canadian and Mexican import surtaxes imposed after the U.S. tariffs were put in place.
view the More Tumult For The Turkey ETF view more Half of Older Americans Have Nothing in Retirement Savings view more U.S. GAO-Retirement Security: Most Households Approaching Retirement Have Low Savings, an Update view the U.S. GAO Retirement Security: Most Households Approaching Retirement Have Low Savings, an Update Eurex's ESG Futures soon tradable in the U.S.
Since their launch on 18 February, almost 20,000 contracts have been traded in this newly introduced segment that applies Low Carbon, Climate Impact and Exclusion criteria in existing benchmark indices. Open Interest currently amounts to nearly 15,000 contracts. Five Market Makers have been actively providing screen prices for all three contracts. view more International Cannabis Announces Inclusion to the Horizons HMMJ ETF
According to Horizons ETFs, "As at September 5, 2018, HMMJ had reached over C$1 billion in assets under management, a rare achievement for the Canadian ETF marketplace." 1 view more Business Economists Cut US Growth Forecast view more Inverted Yield Curve Is Telling Investors What They Already Know The answer is nuanced. It is true that the yield curve is the best forecasting tool for recessions, having inverted before each of the last seven recessions as measured by the National Bureau of Economic Research. view more BlackRock's iShares Launches Factor Rotation, Value ETFs view more
Source: IMF
March 26, 2019--Volatility is often the name of the game with the iShares MSCI Turkey ETF and that has been the case in recent trading sessions.
After plunging last week amid speculation the lira is facing another crisis, TUR, the lone U.S.-listed exchange traded fund dedicated to Turkish equities, was trading higher by more than 4.6 percent late Monday on volume that was almost double the daily average.
Source: Benzinga.com
March 26, 2019--The bad news is that almost half of Americans approaching retirement have nothing saved in a 401(k) or other individual account. The good news is that the new estimate, from the U.S. Government Accountability Office, is slightly better than a few years earlier.
Of those 55 and older, 48 percent had nothing put away in a 401(k)-style defined contribution plan or an individual retirement account, according to a GAO estimate for 2016 that was released Tuesday. That's an improvement from the 52 percent without retirement money in 2013.
Source: bloombergquint.com
March 26, 2019--Our 2015 report on retirement security included estimates on the percentage of households aged 55 and over without retirement savings or a defined benefit plan (traditional employment-based pension plans that offer benefits based on factors like salary and years of service).
We updated these estimates using data from the most recent Survey of Consumer Finances, which was released in September 2017.
We found that the percent of households headed by someone aged 55 and over that had no retirement savings decreased from about 52 percent in 2013 to about 48 percent in 2016.
Source: U.S. Government Accountability Office (GAO)
March 25, 2019--Eurex, one of the world's largest derivatives exchanges, has received approval from the Commodity Futures Trading Commission (CFTC) to offer its sustainable futures in the U.S. This gives U.S. based investors that apply environmental, social and governance (ESG) criteria direct access to hedging instruments for their portfolios.
The new futures will be available in the U.S. starting 8 April.
Source: Eurex
March 25, 2019--ICC International Cannabis Corp. (CSE: WRLD.U)(FWB: 8K51)(OTC: WLDCF) ("ICC" or "International Cannabis" or the "Company") is pleased to announce its inclusion in the Horizons Medical Marijuana Life Sciences ETF (TSX: HMMJ) (the "ETF") as part of the quarterly rebalance of the constituent holdings of HMMJ.
Inclusion in the ETF is as a significant milestone for ICC, as the Company continues to establish itself as the world's premier, vertically integrated pure cannabis play.
Source: ICC International Cannabis Corp.
March 25, 2019--"NABE Outlook Survey panelists believe the U.S. economy has reached an inflection point," the group''s president says.
The National Association of Business Economists has joined the Federal Reserve and Business Roundtable in downgrading its outlook for U.S. growth this year and next.
The 55 business economists who contribute to the NABE outlook survey are now forecasting GDP growth, adjusted for inflation, of 2.4% this year, down from 2.7% previously, and 2% growth next year.
Source: ThinkAdvisor.com
March 24, 2019--Long-term bond yields plunging below short-term ones is a good predictor of Fed rate cuts and an economic slowdown-but a recession is no guarantee .
The market's most reliable recession indicator is finally flashing red. With the Treasury yield curve inverting on Friday-the 10-year yield fell sharply to be lower than the three-month for the first time since 2007-is it finally time to prepare for an economic downturn?
Source: Wall Street Journal
March 22, 2019--BlackRock Inc.'s iShares unit, the world's largest issuer of exchange traded funds, added to its already expansive ETF lineup Thursday with two funds.
The new funds are an actively managed factor rotation strategy and a new, passive take on value investing.
What Happened
The BlackRock U.S. Equity Factor Rotation ETF (NYSE:DYNF) is the new, actively managed factor rotation fund. DYNF "seeks to outperform the investment results of the large- and mid-capitalization U.S. equity markets by providing diversified and tactical exposure to style factors via a factor rotation model," according to iShares.
Source: benzinga.com
