Global ETF News Older than One Year
ETFs: crowd funding
March 9, 2015--If you can't beat them, join them. Exchange traded funds are a growing business and more fund managers want in.
According to ETFGI, a consultancy, ETFs had $2.8tn in assets at the end of January, up by over $1bn since 2010. Worldwide mutual fund assets, by contrast, were $31tn last September; far larger, but up a mere third since the start of the decade...
Source: euro2day.gr
Assets in ETFs/ETPs globally reached a new record high of 2.919 trillion US dollars at the end of February 2015 according to ETFGI
March 9, 2015--Assets invested in ETFs/ETPs globally reached a new record high of US$2.919 trillion at the end of February 2015, according to ETFGI's preliminary monthly ETF and ETP global insight report for February.
March 9th marked the 25th anniversary of the listing of the first ETF in Canada.
ETFs/ETPs listed globally: The global ETF/ETP industry had 5,632 ETFs/ETPs, with 10,902 listings, from 245 providers listed on 63 exchanges in 51 countries. We expect the assets to break through the US$3 trillion milestone in the first half of 2015. There were US$50.7 billion in net new asset (NNA) inflows in February-the second largest NNA month on record.
Source: ETFGI
DECPG Global Weekly-March 6, 2015
March 6, 2015--ECB to begin QE on March 9th as outlook brightens. In line with its quantitative easing (QE) program announced in January, the European Central Bank (ECB) will begin purchasing euro-denominated public sector securities on March 9th,
while continuing the purchase of asset-backed securities and covered bonds that was initiated last year. The combined monthly purchases will amount to &euro60 billion and continue until the end of September 2016, or when there is a sustained
lift in inflation.
Meanwhile, the ECB left interest rates unchanged for a fifth consecutive month and raised the Eurozone growth forecast to 1.5 percent from 1 percent for this year, while that for 2016 was increased to 1.9 percent from 1.5 percent. The harmonized index of consumer prices fell 0.3 percent (y/y) in February, less than the expected fall of 0.5 percent and less than January's 0.6 percent decline.
Gross capital flows to emerging markets have remained robust thus far this year. At US$84 billion, gross capital flows (international bond issuance, equity placements, cross-border syndicated bank loans) to developing countries in the first two months of 2015 were up 12 percent from last year. Bond issuance and equity flows remained strong especially in Asia, reflecting sustained demand for higher-yield debt, relatively low borrowing costs for bonds, and a number of public offerings in China and other East Asian countries.
Source: World Bank
Russell Indexes Demotes Morocco to Frontier Status
March 5, 2015--Russell Indexes, one of the largest providers of indexes for use by exchange traded funds, said it has demoted Morocco to frontier market status from the emerging markets classification.
In terms of market classification, Russell Indexes has determined that Morocco will be reclassified from emerging to frontier market status.
Source: Africaleader.com
ETFS Gold Trust, ETFS Precious Metals Basket Trust & ETFS Asian Gold Trust to Use the LBMA PM Gold Price as Their Benchmark Price Starting March 20, 2015
March 5, 2015--London Gold Market Fixing Ltd. has announced its intention to discontinue the "London Fix" pricing benchmark for Gold after March 19, 2015.
The London Fix has been the "Benchmark Price" for valuation of gold bullion held by each of the ETFS Gold Trust (NYSE Arca:SGOL) (the "Gold Trust"), the ETFS Precious Metals Basket Trust (NYSE Arca:GLTR) (the "Precious Metals Trust"), and the ETFS Asian Gold Trust (NYSE Arca:AGOL) (the "Asian Gold Trust" and together with the Gold Trust and the Precious Metals Trust, the "ETFS Trusts”). The London Bullion Market Association has accepted a proposal by ICE Benchmark Administration ("IBA") to operate a replacement gold price benchmark mechanism. Commencing March 20, 2015, IBA will operate an electronic, tradable and auditable, over-the-counter auction to establish and publish a fixed price for a troy ounce of gold twice each trading day at 10:30 a.m. London time (the "LBMA AM Gold Price") and 3:00 p.m. London time (the "LBMA PM Gold Price”).
Source: ETFS Gold Trust, ETFS Precious Metals Trust & ETFS Asian Gold Trust
BATS Global Markets February 2015 Update: Reports 8.2% U.S. Options Market Share, 20.7% U.S. Equities Market Share, 23.7% European Equities Market Share
Company Also Announced Chris Concannon To Become CEO, Joe Ratterman Chairman
March 5, 2015--BATS Global Markets (BATS) today reported February volume, market share, and monthly highlights including its second best month on record for U.S. Options market share, which was 8.2%, up from 3.6% one year ago.
In the U.S., February market share was 20.7%, up from 20.4% one year ago. Average daily matched volume on the BATS Exchanges was 1.41 billion shares vs 1.43 billion a year ago.
In Europe, BATS Chi-X Europe-the region’s largest equities exchange-reported 23.7% overall market share. Average daily notional value traded was €12.3 billion, up substantially from €8.9bn in February 2014. Year-on-year, market share rose in 14 of the 15 markets BATS Chi-X Europe covers.
BXTR, BATS Chi-X Europe's trade reporting facility, had its second-most successful month ever with more than €369.3bn reported in total during February, an average of €18.5bn each trading day.
Source: BATS Global Markets, Inc.
Oil Price Plunge Analyzed In New WB Policy Research Note
March 5, 2015--Rapid expansion of oil supply from unconventional sources, a significant change in OPEC's policy stance, and weak global demand are driving the recent plunge in oil prices, according to a new paper by the World Bank.
These underlying forces are buoyed by a strengthening U.S. dollar and the fact that oil production in the Middle East has not been severely disrupted by ongoing conflict, says the paper, titled "The Great Plunge in Oil Prices: Causes, Consequences, and Policy Responses".
Source: World Bank
Europe and emerging markets star in best year so far for ETPs
March 5, 2015--This year is proving to be the best year so far for global growth of ETPs, according to research by BlackRock.
February saw global ETP flows of USD50bn, which represented the fourth best month on record and pushed the year-to-date figure to USD62.3bn.
Source: ETFExpress
UPDATE 2-Global regulators publish revised proposals to supervise top funds
March 4, 2015--Global regulators published revised proposals on Wednesday for supervising the world's biggest mutual funds following fierce industry pushback in the United States and elsewhere.
The Group of 20 economies' (G20) regulatory task force, the Financial Stability Board (FSB), said the industry had called for a more detailed analysis of systemic risks for determining which institutions should come under the new rules.
Source: Reuters
Fund Managers Face Tougher Rules on Too-Big-to-Fail Firms
March 4, 2014--The world's largest fund managers are in line for tougher rules as global regulators push ahead with plans to identify too-big-to-fail firms in the face of opposition from the industry.
The Financial Stability Board and the International Organization of Securities Commissions said on Wednesday that the failure of an asset manager could "cause or amplify significant disruption to the global financial system."
Source: Bloomberg
