Global ETF News Older than One Year
Good vibrations: The seismology of market volatility White paper: Volatility forecasts for DAX, EURO STOXX 50 and Euro-Bund futures
November 25, 2015--The value of forecasting volatility
Volatility is key to both alpha generation and trading performance measurement and is a crucial input for trading algorithms and risk methodologies.
The capacity to forecast size and direction of volatility is therefore enormously valuable. Deutsche Börse's new analytic, the > Intraday Volatility Forecast, aims to forecast the volatility for the DAX, EURO STOXX 50 and Euro-Bund futures.
Source: Deutsche Börse
Smart Beta equity ETFs/ETPs listed globally have gathered 53.7 billion US dollars in net new assets in the first 10 months of 2015, according to ETFGI
November 25, 2015 Smart Beta equity ETFs/ETPs listed globally gathered US$ 3.0 billion in new assets in October and US$ 53.7 billion in the first 10 months of 2015.
There were 764 smart beta equity ETFs/ETPs, with 1,336 listings, assets of US$399 Bn, from 106 providers listed on 31 exchanges in 27 countries, according to ETFGI's new report the Global Smart Beta ETF and ETP Insights report for October 2015.
Source: ETFGI
OFR-Safe Assets as Commodity Money
November 25, 2015--This paper examines the systemic implications of the supply of liquid safe assets, such as Treasury bills. The paper explores how liquid safe assets facilitate the trades of risky assets.
The paper finds that financial markets may be remarkably resilient to changes in the stock of liquid assets. (Working Paper no. 2015-23)
view the Safe Assets as Commodity Money working paper
Source: OFR (Office of Financial Research)
OFR-Safe Assets as Commodity Money
November 25, 2015--This paper examines the systemic implications of the supply of liquid safe assets, such as Treasury bills. The paper explores how liquid safe assets facilitate the trades of risky assets.
The paper finds that financial markets may be remarkably resilient to changes in the stock of liquid assets. (Working Paper no. 2015-23)
view the Safe Assets as Commodity Money working paper
Source: OFR (Office of Financial Research)
DECPG Global Monthly-November 2015
November 25, 2015--Key highlights in the latest issue include:
Global growth in Q3 is currently estimated at about 2.4 percent (q-o-q, saar), little changed from previous quarters.
Growth in the U.S. and the Euro Area slowed in Q3, while Japan's economy contracted.
Despite signs of stabilization, emerging market currencies remain under pressure in a context of weakening capital flows.
The implied probability of U.S. policy interest rates being raised in December rose sharply to over 70 percent.
Commodity prices remain soft.
Special Focus: The Risk and Cost of Sudden Stops. Capital inflows to emerging and frontier economies decelerated significantly this year, driven by a combination of unfavorable global "push" factors and domestic "pull" factors. In a financial market stress situation, the risk of sudden stops would be particularly high in countries with weakening fundamentals and lingering vulnerabilities. The short-run cost of sudden stops can be substantial. In the two years following such events, average GDP and investment growth declined in affected countries by 7 and 21 percentage points, respectively.
Despite decelerating capital flows and currency pressures in 2015, there has thus far been no sign of unusual stress or of a credit crunch in large emerging markets.
Source: World Bank
Bad loans at Europe's banks still double U.S. level-regulator
November 24, 2015--The scale of bad loans held by banks in the European Union is "a major concern" and more than double the level in the United States, despite an improvement in recent years, the EU's banking regulator said on Tuesday.
Non-performing loans (NPL) across Europe's major banks averaged 5.6 percent at the end of June, down from 6.1 percent at the start of the year
Source: Reuters
STOXX Changes Composition of Benchmark Indices
November 24, 2015--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced the new composition of STOXX Benchmarks and their sub and sector indices, among them the STOXX Europe 600 Index, STOXX North America 600 Index and STOXX Asia/Pacific 600 Index.
Source: STOXX
The case for why gold may finally be nearing a bottom
November 24, 2015--With gold trading near its lowest level since early 2010 and on track to log a third straight year of losses, it's apparent that sentiment toward the precious metal is bearish, but that doesn't mean that prices are destined to see a sustained move lower.
George Milling-Stanley, head of gold investment strategy at State Street Global Advisors, said gold should find solid support around $1,050 an ounce-the bottom end of its recent trading range.
Source: MarketWatch
CPMI-IOSCO consultative paper Guidance on cyber resilience for financial market infrastructures
November 24, 2015--The Committee on Payments and Market Infrastructures (CPMI)1 and the Board of the International Organization of Securities Commissions (IOSCO)2 today released the consultative paper Guidance on cyber resilience for financial market infrastructures ("the Cyber Guidance").3
view the Consultative report-Guidance on cyber resilience for financial market infrastructures
Source: IOSCO
ETF Securities-Commodity ETP Weekly-Divergent flows following further price falls
November 23, 2015--Falling prices drove bargain-hunting inflows in to oil and PGMs while testing investors' patience in gold and copper.
Continued weakness in oil prices are likely to put oil and gas companies under further pressure for more production and expenditure cuts which bodes well for the global oil market to rebalance as early as next year.
Pressure on precious metals will remain until the Federal Reserve meeting in mid-December. However, the typical "buy on the rumour, sell on the news" investor behavior, could benefit the metal after the move is made.
Source: ETF Securities
