Global ETF News Older than One Year
ETF Securities Weekly Flows Analysis-Investors sold gold as geopolitical tensions abate
August 21, 2017--Investors reduced gold holdings as geopolitical tensions abate.
President Trump's unclear commitment to pro-growth policies weaken the US dollar.
Oil ETPs saw outflows continue for fifth consecutive week.
Investors take profits on strong year-to -date emerging market local bonds performance.
We saw US$107mn of outflows from our gold ETPs as geopolitical tensions eased. US July retail sales and the Empire Manufacturing Index for August surprised to the upside and resulted in a strengthening of the US dollar and rising US bond yields last week, while putting downward pressures on the gold.
Source: etfsecurities.com
'ETF 20/20': Exchange Traded Fund Monthly Report-August 2017
August 21, 2017--Key Highlights
Our monthly 'ETF 20/20' report briefly summarizes recent Exchange Traded Fund (ETF) trends globally. It uses data from the First Bridge ETF database that includes all global ETPs.
Global ETF assets grew by 3.1% in July 2017 to $4.338T.
FTSE Russell and S&P Dow Jones made a significant change to the criteria for including new stocks in their widely followed headline indices.
FTSE Russell will require developed market constituents to have greater than 5% of their voting stock in the hands of unrestricted shareholders.
S&P Dow Jones announced that it would no longer include companies with multiple share classes in its S&P 1500 indices (including the S&P 500). Existing S&P 1500 index components are 'grandfathered' in and are not impacted.
In August 2017 the Indian government announced the launch of the 'Bharat 22' ETF. It is the second time the Indian government has used the ETF structure as a divestment mechanism.
There were just over 85 new listings globally in July 2017.
Gold ('GLD') was the best performing of 6 ETFs representing the major asset classes in the trailing 1 month through August 18, 2017.
<>a href="http://firstbridgedata.com/risk_report/ETF_Landscape_August_2017.pdf" TARGET="_blank">view more
Source: First Bridge Data
IMF-Chart of the Week: House of Cards
August 21, 2017--In some countries, owning a home is a rite of passage: a symbol of a stable life and a sound investment.
However young adults in the United Kingdom, United States, and Europe have experienced declining home ownership rates.
Source: IMF
Bitcoin Analysts Compete for the Highest Price Forecast
August 21, 2017--Bank of America, Goldman, Morgan Stanley paying more attention
Cryptocurrency has surged since development hurdle overcome
Even the skeptics can't avoid weighing in on bitcoin.
It seems like everyone is coming up with a price forecast these days, with some of the biggest banks including Goldman Sachs Group Inc. jumping into the action, while speculators to long-time investors are also making their bets.
Source: Bloomberg
The rise of robot currency traders
August 21, 2017--In May 2017, the Bank for International Settlements and the world's heaviest hitting central banks produced the Definitive Guide to Acceptable Behaviour for Traders in what was as soon as thought of the Wild West of monetary markets-currencies.
But are there any people, significantly skilled people, left on this enterprise? A market that is price $5.1 trillion a day.
Source: forexrepository.com
Three reasons high yield bond ETFs are failing to deliver market returns
August 21, 2017--April 2017 saw the 10-year anniversary of the largest US high yield bond ETF, which delivered total returns of 70.8% or 5.5% per annum over the period.
While those returns appear reasonable at first glance, Stephen Baines, co-manager of the Kames Short Dated High Yield Global Bond Fund, says they 'look somewhat disappointing' when compared to the broad high yield market[1], which returned 105% cumulative (7.4% per annum) over the same timeframe.
Source: investmenteurope.net
Invesco completes acquisition of ETF firm Source
August 21, 2017--US asset management group Invesco has announced the completion of the acquisition of exchange traded funds (ETF) firm Source.
The purchase, which was announced in April, will bring Invesco a wider range of funds in order to provide its clients an increased offer to reach their financial goals.
Source: investmenteurope.net
HSBC PB appoints global head of active, passive funds
August 21, 2017--HSBC Private Banking has appointed London-based Sai Tampi as global head of Funds and Exchange Traded Frunds.
The role involves responsibility for the development and distribution of funds and ETFs, to clients globally, as well as managing global fund selection. He will also lead the Global Fund Selection team.
Source: investmenteurope.net
ULTUMUS-Global ETF Monitor-Libor ETFs
August 18, 2017-There really is an ETF for everything.
Libor, the major global interest rate benchmark, was discredited in 2012 by a manipulation scandal, which climaxed with then-Barclays CEO Bob Diamond resigning. The legal fallout continues to date
Nonetheless, there is a new ETN aiming to track Libor...
Europe
Things are a bit easier in Europe.
In Switzerland, db x-trackers will be cross-listing a developing countries bond ETF, the Emerging Sovereigns Quality Weighted ETF (XQUE)...
Source: ULTUMUS-Financial Data Management
Prices for success
August 18, 2017--As the global financial industry moves to more rigid regulations, investors are now required to provide daily (or more frequent) values for all fixed income securities.
This market dynamic has been further propelled by the rise of risk-based management tools, such as Value at Risk (VaR), which are based on constantly updating the prices of the individual components of investment portfolios, some of which include securities that are illiquid and rarely traded.
Source: Bloomberg
