Global ETF News Older than One Year
Geopolitical Risk Surges to Record High In New DTCC Survey
December 11, 2017--Geopolitical uncertainties in Asia, as well as prolonged uncertainties associated with Brexit negotiations, have positioned geopolitical risk as a top risk to watch in 2018, according to a new survey published by The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry.
Geopolitical risk ranks as the number two overall risk, with 69% of respondents including it in their top 5 risks for the coming year-a 17% jump since the last survey to an all-time high. Slightly over 20% of respondents view geopolitical risk as the top overall ris-a 5% increase from the last survey and a 10% increase from the Q3 2016 survey.
view the DTCC SYSTEMIC RISK BAROMETER-2018 RISK FORECAST
Source: Depository Trust & Clearing Corporation (DTCC)
ETF Securities Weekly Flows Analysis-Precious metal flows bifurcated by gold and silver
December 11, 2017--Industrial metal ETPs saw the lion's share of outflows amounting to US$130.4mn, led by outflows
from broad basket ETPs.
Precious metal ETP flows were polarised, as gold ETPs suffer the largest outflows while silver ETPs receive the largest inflows.
Crude oil ETP outflows persist for the 12th week in a row, largely driven by WTI crude oil ETPs.
Industrial metal ETPs break the two week winning streak of inflows, registering outflows of US$130.4mn on the back of profit taking by investors after strong price gains. The outflows were dominated by broad basket ETPs worth US$118.4mn. We expect the supply deficit to extend into 2018 owing to the lack of investment in mining infrastructure. In addition strong growth from emerging markets (accounting for 70% of demand) should support demand for industrial metals going forward.
Source: etfsecurities.com
$A looking vulnerable
December 10, 2017--The Week in Review
The past week was one of consolidation for global markets following confirmation that the US Senate managed to pass it own version of the tax cut bill.
There's now likely to be a week or so of haggling as both chambers of the US Congress attempt to reconcile their differences and agree on a single bill to present to the President (which he will most obviously sign!). All up, there's probably a bit more positive news markets can wring from this story in coming weeks before we can say its "fully priced."
Source: betashares.com.au
DECPG Global Weekly
December 8, 2017--Taking Stock
U.S. nonfarm job growth remained solid in November; service sector growth softened. U.S. nonfarm payrolls rose by 228,000 (m/m, sa) in November, above market expectations. Nonfarm employment for October was revised down from 261,000 to 244,000. The unemployment rate held steady at 4.1 percent.
The labor-force participation rate remained unchanged at 62.7 percent. Average hourly earnings for private sector workers rose 2.5 percent (y/y) in November, up from 2.3 percent in October. Separately, the U.S. Institute for Supply Management (ISM) non-manufacturing index fell from 60.1 in October to 57.4 in November, suggesting that growth in the service sector eased while remaining solid (a reading above 50 indicates expansion).
Euro Area
GDP growth held steady in Q3; retail trade declined in October. Euro Area GDP growth in Q3 was confirmed at 0.6 percent (q/q, sa), slightly below the 0.7 percent in Q2, as a pickup in exports was offset by slower growth in investment and household consumption expenditure.
Source: World Bank
BlackRock Global ETP Landscape Monthly Snapshot-November 2017-Global ETP industry equity flow crossed $400bn in November
December 7, 2017--Global ETPs gathered $52.6bn in November, including $40.9bn in equity funds
which drove year-to-date equity fund flows to $404.5bn, led this
month by U.S. and broad developed markets (DM) equities and bolstered by fixed income
U.S. equities brought in $17.4bn including $5.5bn across cyclical sector funds and with strength in momentum and value factor funds amid a backdrop of solid economic growth
Broad DM equity funds collected $9.6bn spurred by strong earnings and economic data coupled with accommodative central bank policies
Fixed income funds captured $11.0bn for the month, led by investment grade corporates with $4.1bn and inflation-protected bonds with $1.2bn
Source: BlackRock
Ultumus-Asia-Pacific & UK
December 7, 2017--Korea
Koomkin Bank lists Korean sector ETFs
Koomkin Bank's ETF arm KBStar is listing a suite of ETFs that track Korea's different sectors via indexes provided by Kospi....
KBStar is not the first Korean issuer to do this. Mirae Asset, which co-owns Horizon ETFs in North America and BetaShares in Australia, has already listed ETFs tracking the same indexes.
Taiwan
Capital Securities lists three bond ETFs
Taipei-based Capital Securities is listing three new corporate bond ETFs that track BofA Merrill Lynch Indexes.
They are:
Capital Industrials Corporate Bond ETF (00722B)
Capital Industrials Corporate Bond ETF (00723B)....
UK
Source lists junk bond ETF in euros
Source is listing its PIMCO-managed junk bond ETF in euros, the PIMCO Short,Term High Yield Corporate Bond Index Source UCITS ETF (STEA)...
Source: ULTUMUS-Financial Data Management
Governors and Heads of Supervision finalise Basel III reforms
December 7, 2017--The Basel Committee's oversight body, the Group of Central Bank Governors and Heads of Supervision (GHOS), has endorsed the outstanding Basel III post-crisis regulatory reforms.
"Today's endorsement of the Basel III reforms represents a major milestone that will make the capital framework more robust and improve confidence in banking systems," said Mario Draghi, Chairman of the GHOS and President of the ECB. Mr Draghi added: "The package of reforms endorsed by the GHOS now completes the global reform of the regulatory framework, which began following the onset of the financial crisis."
Source: BIS
World Gold Council-Gold-backed ETFs increased by 9.1t in November to 2,357t in global holdings
December 6, 2017--Regional fund flows
Europe led inflows in November*, as investors added 15.8t (US$622mn, 1.5% AUM) of gold through funds listed in the region
There were outflows for a second month in a row in North America of 5.4t (US$198mn, 0.38% AUM)
Individual fund flows
iShares Physical Gold ETC added 7.0t (US$292mn, 3.1% AUM)
db Physical Gold Euro Hedged ETC added 5.3t (US$195mn, 14% AUM)
UBS ETF CH-Gold CHF hedged added 4.2t (US$163mn, 19% AUM).
db Physical Gold ETC EUR added 2.3t (US$95mn, 18% AUM).
SPDR(R) Gold Shares led outflows worldwide and in North America with 11.2t (US$451mn, 1.3% AUM) coming out of the fund
Source: World Gold Council (WGC)
Hong Kong risks losing listings crown to New York
December 6, 2017--The Hong Kong Stock Exchange is on track to lose out to the New York Stock Exchange as the venue of choice for companies undertaking initial public offerings in 2017, after two consecutive years in the top spot.
Data from Dealogic, a data and analytics firm, show that the amount raised by companies...
Source: FT.com
ETF Securities-Precious Metals Monitor--November 2017
December 6, 2017--Key Highlight
Gold: Even more relevant today as a risk management tool and store of value
Against the current backdrop of stretched valuations, rising uncertainty, asset correlations, and record low volatility globally, gold demand as a risk overlay may continue to rise into 2018.
In our opinion, gold's role as a core risk management tool by providing diversification and a store of value is ever pertinent in this environment. Historically, gold has worn many hats on the risk management front including a hedge against market drawdowns, geopolitical volatility, systemic risk, inflation, and currency devaluation. Gold's potential to serve as a dynamic, multi-faceted, and cost-effective portfolio hedge against many known and unknown risks may be a powerful tool for long term investors.
Source: etfsecurities.com
