Global ETF News Older than One Year
Listed infrastructure is #fake_infra- EDHEC study shows that listed infrastructure equity offers zero diversification benefits, is not an asset class
July 13, 2017--EDHEC Infrastructure Institute-Singapore (EDHECinfra) shows that the booming listed infrastructure sector is based on a "fallacy of composition."
For the past fifteen years, infrastructure investment has been the preserve of large sophisticated investors but is now rapidly becoming more mainstream and asset owners of all sizes are considering investing in infrastructure. In this context, "listed infrastructure" has grown from a handful to more than one hundred different products in less than a decade, adding up to USD50bn and claiming an investment universe of USD2Tn.
Source: EDHEC Infrastructure Institute-Singapore (EDHECinfra)
Bassanese Bites-US Earnings to the Rescue?
July 13, 2017--Trepidation over the pace of central bank tightening remained the major global market theme last week-and the question of whether central banks tighten policy even if inflation remains below target is shaping up to become an important issue in coming months.
Reflecting these concerns, bond yields pushed higher last week and equity markets continued their nervous consolidation.
Source: betashares.com.au
ULTUMUS-Global ETF Monitor
July 12, 2017--Americas
MSCI may have included Chinese A shares in its indexes but iShares will still give investors the choice. The iShares MSCI Emerging Markets ex-China ETF (EMXC), listed today in the US...
Asia
China Southern Asset Management has listed a new ETF in Shanghai, that tracks the CSI All Share Real Estate Index (512203)...
Europe
BNP Paribas has launched an ETF in Paris that lives up to the hype, the BNP Paribas Easy High Yield Europe Defensive (HYPE)...
Lyxor has listed two new bond tracking ETFs in Italy: the BofAML USD Short Term High Yield Bond EUR Monthly Hedged UCITS ETF (HYSTH) and Lyxor BofAML € Short Term High Yield Bond UCITS ETF (HYS).
UBS has launched two new world ETFs in Switzerland, targeting Japan and Canada...
Source: ULTUMUS-Financial Data Management
ULTUMUS-Global ETF Monitor-BMO has listed 3 new covered call ETFs in London, ICICI Prudential launches low vol ETF
July 11, 2017--Europe
In another sign that covered call ETFs are coming into fashion, BMO has listed three new covered call ETFs in London, which offer investors exposure to American, British and European companies.
Swiss bank UBS has cross-listed an Asian exposure ETF into Germany, the UBS ETFs plc-MSCI AC Asia ex Japan SF UCITS ETF...
India's stock market is known for being highly volatile. But Mumbai-based issuer ICICI Prudential is trying to work around this. To this end, the company has launched a new low volatility ETF, the ICICI Prudential Nifty Low Vol 30 iWIN ETF.
Source: ULTUMUS-Financial Data Management
World Gold Council-Gold-backed ETF holdings added 22.2t to 2,313.1t in June
July 10, 2017--At the end of June, total holdings in gold-backed ETFs and similar products stood at 2,313.1t (74.4moz), 22.2t higher from May. These holdings were valued at US$92.4bn, 1% lower compared to a month earlier.
North American and European Funds led the way: the former gained 12.8t to 1,227.1t while the latter added 10.5t to 977.7t. Asian funds lost 1.3t (-2%) to 61.9t and funds in the Other region increased marginally (+0.2t) to 46.4t.
In North America, gains by iShares Gold Trust (+7.4t) outpaced that of SPDR Gold Shares (+5.0t). Their holdings at the end of June were 210.3t and 852.5t respectively.
In Europe, it was UK’s Source Physical Gold P-ETC that witnessed the largest inflow across the universe in the month. Its holdings increased a whopping 12.2t (+12%) to 111.7t.
Source: World Gold Council (WGC)
OECD and FAO see slower growth in demand keeping world food prices low
July 10, 2017--Global food commodity prices are projected to remain low over the next decade compared to previous peaks, as demand growth in a number of emerging economies is expected to slow down and biofuel policies have a diminished impact on markets, according to the latest 10-year agricultural outlook published today by the OECD and FAO.
The OECD-FAO Agricultural Outlook 2017-2026 says that the completed replenishment of cereal stocks by 230 million metric tonnes over the past decade, combined with abundant stocks of most other commodities, should also help limit growth in world prices, which are now almost back to their levels before the 2007-08 food price crisis.
Source: OECD
Four reasons to question the hype around blockchain
July 10, 2017--Blockchain. Never have so many people sought so much from a technology understood by so few. There is nothing particularly novel about a divergence between the depth of knowledge enjoyed by computer scientists on the one hand and wider society on the other.
But the extent of the divergence with respect to blockchain-or distributed ledger technologies (DLTs) to use the generic label-is profound. What makes it all the more significant is the fact that many of the most ambitious claims being made on behalf of DLTs touch on one of society's crucial keystones: trust.
Source: WEF (World Economic Forum)
Smart beta funds on course to pass $1tn milestone
July 10, 2017--Smart beta funds are on monitor to attain the $1tn milestone this 12 months, with the favored funding methods taking on conventional lively and passive administration within the battleground for investor cash.
According to an FT evaluation of Morningstar figures, property beneath administration in sensible beta funds have grown by a mean of just about 30 per cent a 12 months since 2012, placing them on course to hit $1tn inside the subsequent six months.
Source: forexrepository.com
IMF Working paper-Financial Stability Analysis: What are the Data Needs?
June 10, 2017--Summary:
The growing incidences of financial crises and their damage to the economy has led policy makers to sharpen the focus on financial stability analysis (FSA), crisis prevention and management over the past 10-15 years.
The statistical world has reacted with a number of initiatives, but does more need to be done? Taking a holistic view, based on a review of experiences of policy makers and analysts, this paper identifies common international threads in the data needed for FSA and suggests ways to address these. While there has been an encouragingly constructive response by statisticians, not least through the G-20 Data Gaps Initiative, more work is needed, including with regard to shadow banking, capital flows, corporate borrowing, and granular data. Further, to support FSA, the paper identifies potential enhancements to the conceptual advice in statistical manuals including with regard to foreign currency and remaining maturity.
view the IMF Working paper-Financial Stability Analysis: What are the Data Needs?
Source: IMF
TradeWeb Reports Record Volume in 2nd Quarter
July 8, 2017--More than $6.3 Trillion Traded Electronically-Up 32% over same period last year
TradeWeb Corporates Also Building Strong Momentum
TradeWeb, the leading network of online fixed-income markets, today announced record volumes for the second quarter of 2004. Investors traded a record $6.3 trillion in fixed,income securities on TradeWeb's global platform, up 32% from the same period last year and a 17% increase on the first quarter of 2004.
Source: Tradeweb
