Global ETF News Older than One Year
When Harry Fired Sally: The Double Standard in Punishing Misconduct
March 13, 2017--Abstract
We examine gender discrimination in the financial advisory industry. We study a less salient mechanism for discrimination, firm discipline following missteps.
There are substantial differences in the punishment of misconduct across genders. Although both female and male advisers are disciplined for misconduct, female advisers are punished more severely. Following an incidence of misconduct, female advisers are 20% more likely to lose their jobs and 30% less likely to find new jobs relative to male advisers. Females face harsher punishment despite engaging in less costly misconduct and despite a lower propensity towards repeat offenses. Relative to women, men are three times as likely to engage in misconduct, are twice as likely to be repeat offenders, and engage in misconduct that is 20% costlier.
Source: SSRN
Hedge funds run by women outperform
March 11, 2017--But fewer than one in 20 alternative managers employ a female portfolio manager.
Source: FT.com
World Gold Council-Gold-backed ETF inflows gather momentum in February, up 4% MoM to 2,246.1t
March 10, 2017--At the end of February, total holdings in gold-backed ETFs and similar products stood at 2,246.1t (72.2 moz), up 90.6t from January.
These holdings were valued at US$90.7bn, 8% higher than a month earlier.
Increases in total North American and European fund holdings were a close match. The former added 44.1t to 1,207.5t, while the latter gained 43.4t to 922.9t. Funds in Asia saw a marginal outflow (-0.3t) to 68.8t while holdings by the Other regions grew by 8% to 46.8t.
Source: World Gold Council
World Economic Forum-The Future of Electricity: New Technologies Transforming the Grid Edge
March 10, 2017--The electricity landscape is a prime example of the Fourth Industrial Revolution as it undergoes a transformation, becoming more complex than ever before with rapidly evolving technologies, declining costs, and shifting regulatory landscapes.
Three trends in particular are converging to produce game-changing disruptions: electrification, decentralization and digitalization.
Source: WEF (World Economic Forum)
DECPG Global Weekly -March 10, 2017
March 10, 2017--TAKING STOCK
U.S. non-farm jobs growth remained steady in February
Euro Area growth was confirmed at 0.4 percent (q/q, sa) in Q4; ECB kept interest rates on hold
Japan Q4 GDP was revised up
China posted its first monthly trade deficit in three years in February
Inflation continued to rise in the East Africa region
Source: World Bank
ETFGI reports ETFs/ETPs listed globally gathered record inflows of US$68 billion and assets reached a new high of US$3.844 trillion at the end of February 2017
March 9, 2017--ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today following on from January's strong start to the year assets invested in ETFs/ETPs listed globally reached a new record high of US$3.844 trillion at the end February 2017 surpassing the prior record of US$3.689 trillion set at the end of January 2017.
ETFs/ETPs gathered a record level of US$68.29 billion in net inflows in February, marking the 37th consecutive month or over 3 years of net inflows and a record US$130.99 billion in year to date net inflows, according to preliminary data from ETFGI's February 2017 global ETF and ETP industry insights report.
Source: ETFGI
STOXX Monthly Index News: Trump's Promises Still Move Global Markets
March 9, 2017--The rally in global equity markets has continued in February with key benchmarks inching closer to their record highs. Strong economic data around the world were improving the outlook for global growth.
Promises of US president Donald Trump are still moving the markets: After his renewed statements to bring back millions of jobs and market-friendly policies, US stocks continued to climb.
It was a typical New York summer day, the kind where arriving at Goldman Sachs' perfectly air-conditioned offices in downtown Manhattan was a blissful release from the humid weather outside.
Source: FT.com
To Unlock Potential of Digital Age, Europe Must Go Beyond Internet Access, Says World Bank
According to Reaping Digital Dividends: Leveraging the Internet for Development in Europe and Central Asia, launched in Bucharest today, affordable and nearly universal access to the internet has not been enough for countries in the EU to fully benefit from opportunities being created by digital technologies and more needs to be done to develop a policy environment that can better leverage this access by linking workers to digital jobs.
Source: World Bank
State Street to Start Voting Against Companies That Don't Have Women Directors
Index-fund giant State Street Global Advisors on Tuesday will begin pushing big companies to put more women on their boards, initially demanding change at those firms without any female directors.
Source: Wall Street Journal
March 8, 2017--Nearly 10 years after its nadir, quantitative investing is again the hot trend in finance
March 7, 2017-Countries in the European Union (EU) must enact policies designed to better help workers adapt to new jobs being created by the internet if they want to avoid increasing inequality and exclusion in the region, notes a new World Bank Report.
March 7, 2017--Firms won't have an exact quota for compliance with State Street's mandate, but must prove they attempted to improve a lack of diversity.
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