Global ETF News Older than One Year
Investors, advisors 'miles apart' in return expectations
October 10, 2016--Study says advisors also fear new regs and some are planning to leave the industry
No matter how well investors may think they understand the markets, and advisors may think they understand their clients, the gap between the two is a Great Divide that must be breached if advisors are to get a handle on clients' actual risk tolerance.
Source: benefitspro.com
Gold Rebounds From Worst Week in Years on ETF Bargain Hunting
October 10, 2016--Holdings of gold-backed ETFs rise to highest level since 2013
Goldman sees buying opportunity at prices below $1,250
Gold futures rebounded from the biggest weekly drop in more than three years as investors jumped into exchange-traded funds backed by the metal, lifting global holdings to the highest since 2013.
Source: Bloomberg
Liquidity Illusion Burns Traders Blindsided by Pound's Crash
October 9, 2016--BofA warns 'phantom liquidity' vanishing in times of stress
Sterling tumbled 6.1% in a matter of minutes on Oct. 7
The inexplicable volatility that roiled the British pound last week came as no surprise to Bank of America Corp., which just days earlier warned that liquidity in the $5.1 trillion-per-day global currency market was far worse than anyone imagined.
Source: Bloomberg
LUV Your Stock: Study Shows That Ticker Symbols Matter
October 9, 2016--Stocks benefit from the "likability" and even the pronounceability of a ticker symbol
Can an interesting stock symbol move markets?
A study published in the Journal of Financial Markets finds that the "likability" and even the pronounceability of a ticker symbol are positively related to a stock's value. In other words' if your stock can’t have the symbol IBM or AAPL, at least pick a clever one.
Source: Wall Street Journal
EDHEC-Risk Institute study highlights the added value of active allocation to smart beta indices
October 8, 2016--EDHEC-Risk Institute study highlights the added value of active allocation to smart beta indices
In a new study entitled "Active Allocation to Smart Factor Indices", drawn from the eponymous Rothschild & Cie research chair, EDHEC-Risk provides a formal empirical analysis of the benefits of strategic and tactical allocation to multiple equity smart factor indices in a context where relative risk with respect to the cap-weighted indices needs to be explicitly controlled for.
view the EDHEC Publication Investing: Active Allocation to Smart Factor Indices report
Source: EDHEC-Risk Institute
BlackRock's revenue dips as active investment weakens
October 8, 2016--Cuts to employee pay and benefits help asset manager lift operating margins
BlackRock, the world's largest asset manager, reported a drop in revenue for the third quarter compared with the year before as clients continued to march away from actively managed investment strategies.
Source: FT.com
BlackRock Global ETP Landscape-September 2016
October 7, 206--SEPTEMBER GLOBAL ETP FLOWS ADVANCE ON STRENGTH IN U.S. AND JAPANESE EQUITIES
Global ETPs gathered $30.5bn in September, continuing on record year-to-date pace, propelled by U.S. and Japanese equities and bolstered by emerging markets (EM) equities and debt and steady flows to corporate bonds.
U.S. equities collected $9.7bn as the Fed opted to hold rates steady and amid improving economic data in the U.S.
Japanese equities surged to $9.3bn, entirely due to local providers, spurred by Bank of Japan pledges of additional stimulus measures to combat weak growth
Broad EM equities and EM debt funds maintained momentum with inflows of $2.7bn and $1.8bn, respectively, and both categories remained on record year-to-date pace amid prospects for a slower pace of rate hikes in the U.S .
Source: BlackRock
Saudi Arabia, Russia role 'critical in rebalancing oil markets'
October 7, 2016--Saudi-based economists see a crucial role for the Kingdom and Russia in rebalancing the energy markets as US oil prices rose above $50 a barrel in New York Thursday for the first time since June.
Source: Zawya.com
Deutsche eyes asset management unit IPO
October 7, 2016--Deutsche Bank is mulling a public listing of its asset management division to strengthen its capital buffers,the Financial Times reported Friday, citing unnamed sources.
Any such move would only follow an expected multi-billion settlement with the U.S. Department of Justice for alleged mis-selling of mortgage-backed securities related to the 2008 financial crisis, the report added.
Source: FT.com
Hang Seng Bank-4Q 2016 Investment Outlook
October 7, 2016--Highlight
The market focus in 4Q will be on Europe and the U.S. The key
things to watch for include the U.S. Presidential Election, the FOMC meeting and the geopolitical and economic situation in Europe, especially the implementation of Brexit.
At the same time, the outlook for the emerging markets should be more positive relative to the Europe and the U.S.
We continue to adopt a more conservative approach in asset allocation, preferring USD- denominated EM bonds and EM equity funds.
Source: Hang Seng Investment
