Global ETF News Older than One Year
Yuan's fluctuations should be gauged against basket of currencies: PBOC
December 14, 2014--China's central bank said the market should not solely focus on the yuan's fluctuations against the U.S. dollar and should instead take into account a basket of other currencies.
The People's Bank of China (PBOC) also said the yuan has the "conditions" to basically remain stable in the medium to long term, according to a statement posted on its website, citing the China Foreign Exchange Trade System (CFETS), a unit of the central bank.
Source: Reuters
UNDP-Human Development Report 2015: Work for Human Development
December 13, 2015--This Report starts with a fundamental question-how can work enhance human development? The Report takes a broad view of work, going beyond jobs and taking into account such activities as unpaid care work, voluntary work and creative work-all of which contribute to the richness of human lives.
view the UNDP-Human Development Report 2015: Work for Human Development
Source: United Nations Development Programme (UNDP)
Nations Approve Landmark Climate Accord in Paris
December 12, 2015--With the sudden bang of a gavel Saturday night, representatives of 195 nations reached a landmark accord that will, for the first time, commit nearly every country to lowering planet-warming greenhouse gas emissions to help stave off the most drastic effects of climate change.
The deal, which was met with an eruption of cheers and ovations from thousands of delegates gathered from around the world, represents a historic breakthrough on an issue that has foiled decades of international efforts to address climate change.
Source: The New York Times
DECPG Weekly-December 11, 2015
December 11, 2015--Eurozone GDP growth was confirmed at 0.3 percent in Q3
Russia remained in recession in Q3
Brazil's consumer price inflation climbed to a 12-year high
Turkey's GDP rose more than expected in Q3
Mozambique announced foreign exchange controls
Potential Impact of Iran Nuclear Agreement on Energy Markets
An international agreement on the Islamic Republic of Iran's nuclear program was reached in July and is expected to be implemented in the first half of 2016. Sanctions will be lifted at that time and terminated in 2023. The impact of Iranian exports on global oil and natural gas markets could be large over the longer term provided that Iran attracts the necessary foreign investment and technology it needs to extract its substantial resources.
Source: World Bank
STOXX Newsletter December 2015
December 11, 2015--In the latest STOXX Media Newsletter:
Performance: Top five STOXX Indices-A difficult month for stock markets around the world
STOXX Europe 600 Index: UK top contributor, followed by Germany
Investment Outlook: Key developments to consider, by Aureliano Gentilini, Head of Research, STOXX Ltd.
Fact of the Month: Over 500,000 Structured Products based on STOXX and DAX indices
Index of the Month: EURO STOXX True Exposure™ 100%
Source: Mondovisione
IOSCO Publishes third Hedge Funds Survey report
December 11, 2015--The International Organisation of Securities Commissions today published a Report on the Third IOSCO Hedge Fund Survey that looks at efforts by regulators to better understand the hedge fund industry.
The aim of the IOSCO survey is to gather data from hedge fund managers and advisers about the markets in which they operate, their trading activities, leverage, funding and counterparty information. It forms part of IOSCO's efforts to support the G20 initiative to mitigate risk associated with hedge funds.
view the Report on the third IOSCO Hedge Fund Survey-Final Report
Source: IOSCO
Infographic-The World's "Hot" Money
Over $7.8 trillion of illicit money has flowed out of developing countries in last decade
December 11, 2015--Every year, roughly $1 trillion flows illegally out of developing and emerging economies due to crime, corruption, and tax evasion.
This amount is more than these countries receive in foreign direct investment and foreign aid combined.
This week, a new report was released that highlights the latest data available on this "hot" money. Assembled by Global Financial Integrity, a research and advisory organization based in Washington, DC, the report details illicit financial flows of money from developing countries using the latest information available, which is up until the end of 2013.
view the report-Illicit Financial Flows from Developing Countries: 2004-2013
Source: visualcapitalist.com
IMF Working paper-The U.S. Oil Supply Revolution and the Global Economy
December 10, 2015--Summary: This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2.
Set-identification of the U.S. oil supply shock is achieved through imposing dynamic sign restrictions on the impulse responses of the model. The results show that there are considerable heterogeneities in the responses of different countries to a U.S. supply-driven oil price shock, with real GDP increasing in both advanced and emerging market oil-importing economies, output declining in commodity exporters, inflation falling in most countries, and equity prices rising worldwide. Overall, our results suggest that following the U.S. oil revolution, with oil prices falling by 51 percent in the first year, global growth increases by 0.16 to 0.37 percentage points. This is mainly due to an increase in spending by oil importing countries, which exceeds the decline in expenditure by oil exporters.
view the IMF Working paper-The U.S. Oil Supply Revolution and the Global Economy
Source: IMF
New Report Highlights the World's Most Competitive Cities
December 10, 2015--Improving the competitiveness of cities is a vital pathway to eliminating extreme poverty and promoting prosperity for a country's citizens, a new World Bank Group report finds.
Launched today, Competitive Cities for Jobs and Growth: What, Who, and How analyzes 750 cities to determine what makes them competitive and how they have grown their economies. It provides a catalogue of urban data that city officials can use to benchmark their performance.
view the Competitive cities for jobs and growth: what, who, and how
Source: World Bank
BlackRock ETP Landscape November 2015: US & broad dev. equities lead flows
December 10, 2015--Industry Highlights
Developed markets equities drive global ETP flows on stronger U.S. growth and ECB stimulus prospects
Global ETPs gathered $28.2bn in November fueled by U.S. equity and broad developed markets equity funds amid improving U.S. economic data and expectations the European Central Bank (ECB) will expand its stimulus program
U.S. equity funds collected $21.4bn as Fed minutes revealed a more positive outlook for the U.S. economy
Prospects for more stimulus from the ECB and relatively favorable valuations in Japan drove flows to broad developed markets equity funds of $6.4bn
The slowdown in China weighed on emerging markets equity funds which shed ($2.5bn) overall, concentrated in China country funds with ($2.0bn) of outflows
With the possibility of a December rate rise back in focus, Treasury funds shed ($4.5bn) while moderated by gains in investment grade corporate bond funds
Source: BlackRock- ETP Research
