Global ETF News Older than One Year
Inflows into RQFII ETFs highly concentrated
September 5, 2013--August was the first month in which renminbi qualified foreign institutional investor (RQFII) exchange-traded funds (ETFs) had a positive net inflow in seven months. These ETFs channel renminbi raised outside China and invest it directly into a portfolio of A-shares.
Data firm Morningstar estimates that the seven RQFII ETFs had a combined net inflow of 352 million renminbi (€34.6 million) last month. These numbers do not take into account the flows to the newly listed ChinaAMC CES China A80 Index ETF on its first day of trading.
Source: Funds-Europe.com
NASDAQ OMX Monthly Index Performance Report-August 2013
September 5, 2013--NASDAQ OMX has consolidated performance data for the top 50 most-watched NASDAQ OMX indexes.
Source: NASDAQ OMX
ETFGI Global Press Release: Global ETFs and ETPs suffered net outflows of 16.77 billion US dollars in August 2013
September 5, 2013--Global ETFs and ETPs suffered record net outflows of US$16.77 billion in August after gathering near record net inflows of US$45.26 billion in July, according to ETFGI's Global ETF and ETP industry insights report*.
ETF and ETP assets have declined from the July record high of US$2.17 trillion to US$2.11 trillion at the end of August 2013. There are now 4,938 ETFs/ETPs, with 9,932 listings, from 211 providers listed on 57 exchanges.
"Investors' concern and uncertainty over the impact on markets of a potential military conflict in Syria and when and how the Fed will begin QE tapering caused investors to net withdraw US$16.77 billion from ETFs/ETPs in August" according to Deborah Fuhr, Managing Partner at ETFGI.
Source: ETFGI
BATS Global Markets August Highlights: Company Announces Merger Agreement With Direct Edge-Reports 24.1% Overall European Market Share
BATS Chi-X Europe Continues Strong Performance in Spain; BATS Options Reports 4.1% Market Share
September 4, 2013--BATS Global Markets (BATS) today reported that BATS Chi-X Europe posted overall market share of 24.1% in August, with new monthly market share records set in Oslo's OBX (25.1%) and Stockholm's OMXS30 (31.6%).
BATS Chi-X Europe showed continued strong performance in Spain, matching last month's record of 15.6% in Spain's IBEX 35. Overall, average daily notional value traded on BATS Chi-X Europe was €7.0 billion in August vs €7.3 billion in July.
Source: BATS
ASX and NYSE Technologies announce new global network connection
September 4, 2013--ASX and NYSE Technologies, the commercial technology business of NYSE Euronext, today announced that they have connected their respective global networks.
The linking of ASX Net Global and NYSE Technologies’ Secure Financial Transaction Infrastructure® (SFTI) will initially provide customers of NYSE Technologies cost-effective access to ASX markets and market data services.
ASX is the first Australian venue connected to NYSE Technologies’ network. The connection agreement supports the exchange of traffic between the two networks; and under this arrangement, ASX and NYSE Technologies will explore additional benefits that can be offered to the communities of customers connected to ASX Net Global and SFTI.
Source: NYSE Euronext
Institutions and Innovation Increasingly Important for Competitiveness
Competitiveness Report 2013-2014 finds highly innovative countries with strong institutions continue to top international competitiveness rankings
United States reverses its four-year downward trend and Japan rises to ninth place
September 4, 2013--Excellent innovation and strong institutional environments are increasingly influencing economies' competitiveness, according to The Global Competitiveness Report 2013-2014, which is launched today.
The report's Global Competitiveness Index (GCI) places Switzerland at the top of the ranking for the fifth year running. Singapore and Finland remain in second and third positions respectively. Germany moves up two places (4th) and the United States reverses a four-year downward trend, climbing two places to fifth. Hong Kong SAR (7th) and Japan (9th) also close the gap on the most competitive economies, while Sweden (6th), the Netherlands (8th) and the United Kingdom (10th) fall.
view the WEF The Global Competitiveness Report 2013-2014 report
Source: WEF (World Economic Forum)
IMF Update on Global Prospects and Policy Challenges
September 4, 2013--Executive Summary
This report provides an interim update of global developments and risks since the July Surveillance Note.
Global growth remains subdued but its underlying dynamics are changing. At the global level, major economies are seeing increasingly different growth dynamics and their relative cyclical positions are changing.
Recent indicators point to stronger underlying activity in several advanced economies while key emerging economies have slowed. The impulse to global growth is expected to come mainly from the United States in the near term.
Against this background, financial conditions are generally tighter and market pressures have become acute for some emerging economies. Emerging economies were hardest hit following Fed "tapering" remarks and disappointing news about their growth. More recently, market pressures have been concentrated in certain emerging economies with important vulnerabilities. Both push and pull factors appear at work with respect to capital flow reversals and continued heightened market volatility for some—driven by changing expectations of monetary tightening in advanced economies and weaker fundamentals locally in key emerging economies.
view the Update on Global Prospects and Policy Challenges
Source: IMF
Average daily volume of 6.6 million contracts at Eurex Group in August
September 3, 2013--In August 2013, the international derivatives markets of Eurex Group recorded an average daily volume of 6.6 million contracts (August 2012: 7.2 million).
Of those, 4.5 million were Eurex Exchange contracts (August 2012: 5.1 million), and 2.1 million contracts (August 2012: 2.1 million) were traded at the U.S.-based International Securities Exchange (ISE). In total, 98.9 million contracts were traded at Eurex Exchange and 46.4 million at ISE.
Source: Eurex
Advanced economies growing again but some emerging economies slowing, says OECD
September 3, 2013--A moderate recovery is underway in the major advanced economies, according to the OECD's latest Interim Economic Assessment.
Growth is proceeding at encouraging rates in North America, Japan and the UK. The euro area as a whole is out of recession, although output remains weak in a number of countries. view the OECD's latest Interim Economic Assessment
Source: OECD
The Options Industry Council Announces August Options Volume Rose 4 Percent
August 3, 2013--The Options Industry Council (OIC) announced today that 321,976,044 total options contracts traded in August, which is up 3.55 percent compared to last year when 310,936,920 contracts were traded.
Average daily volume for the month came in at 14,635,274 contracts, up 8.26 percent compared to last August's 13,518,996 contracts. Year-to-date volume stood at 2,758,96,,425 contracts, 2.11 percent more than the 2,701,857,820 contracts traded in the same period last year.
Equity options volume (options on individual stocks and ETFs) for August was 291,214,395 contracts, up 1.79 percent compared to August last year when 286,100,861 contracts traded.
Source: Options Industry Council (OIC)
