Global ETF News Older than One Year
World Gold Council-Investment Update: Gold tracks the dollar as rates take a back seat
April 23, 2018--Investors often use the direction of the US dollar as a bellwether for gold's performance. However, over recent years, short-term movements in gold have been more heavily influenced by US interest rates and expectations of policy normalisation.
Our analysis shows that the correlation between gold and US rates is waning and that the US dollar is again a stronger indicator of the direction of price. And, in our view, this will continue over coming months-even while the dollar won't explain gold's movements entirely. Furthermore, the analysis shows that higher real rates have not always resulted in negative gold returns.
Source: World Gold Council
World Gold Council-Investment Update: Gold tracks the dollar as rates take a back seat
April 23, 2018--Investors often use the direction of the US dollar as a bellwether for gold's performance. However, over recent years, short-term movements in gold have been more heavily influenced by US interest rates and expectations of policy normalisation.
Our analysis shows that the correlation between gold and US rates is waning and that the US dollar is again a stronger indicator of the direction of price. And, in our view, this will continue over coming months-even while the dollar won't explain gold's movements entirely. Furthermore, the analysis shows that higher real rates have not always resulted in negative gold returns.
The partners signed a memorandum of understanding to develop the exchange in Abu Dhabi. It would cater to companies and investors involved in China's Belt and Road initiative, a Beijing-backed drive to win trade and investment deals along routes linking China to Europe.
Source: Zawya.com
ETF Securities Weekly Flows Analysis-Precious metal ETP flows strengthen as trade tensions continue
Bargain hunters drove US$16.1mn of inflows in gold ETPs, marking two
consecutive weeks of inflows. Gold prices came under pressure as bond yields rose
sharply. The yield on the 10-year Treasury, rose to 2.96% the highest it's been since
January 2014 following supportive comments by the Fed governor Lael Brainard, for
continued gradual increases in the Federal Funds rate. Added to that, the Federal
Reserve Beige book showed a solid outlook for the US economy, while noting concerns
over a potential trade war. Silver ETPs received US$12.8mn, marking the fifth
consecutive week of inflows.
Source: etfsecurities.com
Basel Committee urges full, timely and consistent implementation of Basel III post-crisis reforms
The report sets out the adoption status of Basel III standards for each BCBS member jurisdiction as of end-March 2018. It includes for the first time the finalised Basel III post-crisis reforms published by the Committee in December 2017. These recent reforms will take effect from 1 January 2022. view the BIS Fourteenth progress report on adoption of the Basel regulatory framework report
Source: BIS
DECPG Global Weekly-April 20, 2018
China GDP growth held steady in Q1; industrial production and investment growth moderated, retail sales rose
Bond issuance in the MENA region remained robust U.S. industrial production growth sustained in 18Q1; retail sales rebounded. U.S. industrial production rose 0.5 percent (m/m, sa) in
March, and was up 4.5 percent (q/q, saar) in 18Q1, amid robust
export and investment growth.
U.S. retail sales rose 0.6 percent (m/m, sa) in March, following a 0.1 percent drop in the previous month, supported by
strong auto sales.
Source: World Bank
STOXX Announces Results Of Annual Emerging And Developed Markets Classification Review
As of September 24, out of the 65 countries in the STOXX index universe, 25 are classified as developed markets, and 21 are classified as emerging markets. A full list of countries including their classification can be found under the dedicated country classification section of the STOXX website: https://www.stoxx.com/country-classification.
Source: STOXX
Environmental, Social and Governance Factors Can Be Material Risks for Fixed Income Investors, Finds World Bank Group and GPIF Report
Launched at the World Bank Group Spring Meetings, the report also finds that some of the leading investors are going beyond considering ESG factors as part of fixed income risk analysis. Increasingly, investors are combining ESG and impact considerations, for instance by measuring the impact of their fixed income and other portfolios on targeted ESG outcomes or more broadly against the Sustainable Development Goals (SDGs).
Source: World Bank
First Bridge Data-ETF Global Snapshot-April 2018
Barclays delisted 50 ETNs in April. 15 of them were replaced by a new series of ETNs. There were 208 new ETF listings outside the US in March 2018 including 68 new
leveraged & inverse listings by SocGen.
Source: First Bridge Data
IMF-Global Financial Stability Report April 2018: A Bumpy Road Ahead
Higher inflation may lead central banks to respond more aggressively than currently expected, which could lead to a sharp tightening of financial conditions. Valuations of risky assets are still stretched, and liquidity mismatches, leverage, and other factors could amplify asset price moves and their impact on the financial system. Emerging markets have generally improving fundamentals, but could be vulnerable to sudden tightening of global financial conditions. Banks have strengthened their balance sheets since the crisis, but parts of the system face a structural US dollar liquidity mismatch that could be a vulnerability. Crypto assets have features that may improve market efficiency, but they could also pose risks if used with leverage or without appropriate safeguards.
Source: IMF
April 23, 2018--Summary
Bargain hunters continued to drive strong inflows into gold ETPs-worth US$16.1mn - supported by ongoing trade tensions and geopolitical risks.
Crude oil ETPs faced redemptions worth US$32.7mn, the highest level in five weeks, on the back of profit taking as oil prices rose for the second week in a row.
Outflows from nickel ETPs widened the most in 3 weeks as prices rose over concerns of further US sanctions on Russia.
April 23, 2018--Today the Basel Committee on Banking Supervision (BCBS) issued the Fourteenth progress report on adoption of the Basel regulatory framework.
April 20, 2018--TAKING STOCK
U.S. industrial production growth sustained in 18Q1; retail sales rebounded
Euro Area consumer inflation edged up in March; consumer confidence rose
Japan's trade surplus widened in March
April 20, 2018-STOXX Ltd., the operator of Deutsche Boerse Group's index business, and a global provider of innovative and tradable index concepts, today announced the results of the annual Emerging and Developed Markets Country Classification review.
April 19, 2018--Incorporating environmental, social and governance (ESG) factors into fixed income investment strategies can strengthen risk management and contribute to more stable financial returns, finds a new report by the World Bank Group and Japan's Government Pension Investment Fund (GPIF).
April 19, 2018--Monthly Global ETF Snapshot:
In our latest monthly report:
Invesco completed the acquisition of Guggenheim's ETF business in the US, and lowered the expense ratios of several ETFs.
There were 15 new ETF listings in the US in March 2018.
In the US large cap equity space, low volatility outperformed other popular 'smart beta' strategies in the trailing 1 month through April 16, 2018.
Apri1 18, 2018--The April 2018 Global Financial Stability Report (GFSR) finds that shor-term risks to financial stability have increased somewhat since the previous GFSR. Medium-term risks are still elevated as financial vulnerabilities, which have built up during the years of accommodative policies, could mean a bumpy road ahead and put growth at risk.
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