Global ETF News Older than One Year
ADO Properties will replace DO Deutsche Office in SDAX
Extraordinary adjustment to be effective as of 13 October
October 8, 2015--Deutsche Börse AG has announced an extraordinary adjustment in SDAX: ADO Properties S.A. will replace the share of DO Deutsche Office AG.
Due to the acquisition of DO Deutsche Office by alstria office REIT-AG, the free float of DO Deutsche Office changed again and dropped to 9.45 percent. With a free float below 10 percent, the company is ineligible for index inclusion, according to the rules in the Guide to the Equity Indices of Deutsche Börse. The change will become effective on Tuesday, 13 October 2015.
Source: Deutsche Börse
China launch of renminbi payments system reflects Swift spying concerns
October 8, 2015--China launched a cross-border renminbi payments system on Thursday, a big step in its drive to boost international use of the Chinese currency and protect itself from US spy agencies with access to the Swift system.
Source: FT.com
Nasdaq's SMARTS Launches Trade Surveillance Monitoring for Dark Pools
October 8, 2015-- Nasdaq, the world's leading provider of trade surveillance technology to marketplaces,
regulators and market participants, has officially launched new trade surveillance monitoring capabilities for dark trading activity alongside its award-winning SMARTS Trade Surveillance platform.
Source: Nasdaq.com
London Stock Exchange sells Russell Investments for $1.2bn
Exchange completes sale to US investment group TA Associates after China deal unravels
October 8, 2015--The London Stock Exchange Group is to sell the asset management arm of the Frank Russell investment firm it bought last year.
The company behind London's stock exchange, clearing houses and financial indices has agreed to sell Russell Investments for $1.15bn (£752m) in cash to US private equity group TA Associates.
Source: The Telegraph
How Fiscal Policy Can Tame the Commodities Roller Coaster
October 7, 2015--Countries that build buffers have a softer landing when commodity prices and revenues go down
Public investment and social spending must be carefully managed to deliver long-lasting benefits
Strong fiscal frameworks and institutions can ensure natural resources support long-term growth
Resource-rich economies face enormous challenges to manage volatile and unpredictable commodity prices. In its latest Fiscal Monitor, the IMF examines how countries can tax and spend wisely so that their oil, gas and metals support strong and stable economic development.
view the Fiscal Monitor-The Commodities Roller Coaster A Fiscal Framework for Uncertain Times
Source: IMF
IMF Survey-Policymakers Face Triad of Challenges to Ensure Financial Stability
October 7, 2015--Financial stability not assured, 3 percent of global output at stake
Risks in emerging markets remain elevated, with global implications
Goal is successful normalization of monetary and financial conditions
While financial stability has improved in advanced economies, risks remain elevated and continue to rotate toward emerging markets, which now play a greater role in the world economy, according to the International Monetary Fund's latest Global Financial Stability Report.
Source: IMF
IOSCO continues to reinforce its position as key global reference point for markets regulation
October 7, 2015--The Board of the International Organization of Securities Commissions (IOSCO) met in Toronto this week to reinforce IOSCO's position as the key global reference point for financial services and markets regulation.
The Board discussion during the two-day meeting focused on three sets of activities in key priority areas as identified in the IOSCO 2020 Strategic Direction: Identifying and responding through guidance to global market risks; providing assistance to IOSCO members and supporting the G20 efforts to promote stability in the global financial system.
Source: IOSCO
Chinese Yuan Emerges As World's Fourth Most-Used Payments Currency
October 7, 2015--China's yuan has emerged to become the fourth most-used currency in the world for cross-border payments in August, according to a report published by global transaction services organization SWIFT (The Society for Worldwide Interbank Financial Telecommunication).
For the first time ever, the yuan has moved ahead of the Japanese yen, and rose to its highest ranking ever, despite devaluations from its Central Bank.
Source: emergingequity.org
World Undergoing Major Population Shift with Far-reaching Implications for Migration, Poverty, Development: WB/IMF Report
October 7, 2015--As migrants and refugees from Africa and the Middle East continue to arrive in Europe in unprecedented numbers, a new World Bank/IMF report says that large-scale migration from poor countries to richer regions of the world will be a permanent feature of the global economy for decades to come as a result of major population shifts in countries.
According to the Global Monitoring Report 2015/2016: Development Goals in an Era of Demographic Change, released in Peru at the start of the Annual Meetings of the World Bank and the IMF, the world is undergoing a major population shift that will reshape economic development for decades and, while posing challenges, offers a path to ending extreme poverty and shared prosperity if the right evidence-based policies are put in place nationally and internationally.
view moreP>view the Global Monitoring Report-Development Goals in an Era of Demographic Change
Source: World Bank
Unscheduled free float adjustment in SDAX
Changes to be effective as of 9 October
October 6, 2015--Deutsche Börse AG has announced an unscheduled adjustment to the free float of DO Deutsche Office AG in SDAX.
Due to the acquisition of alstria office REIT-AG, the free float of DO Deutsche Office changed by more than 10 percentage points.
According to the rules in the Guide to the Equity Indices of Deutsche Börse AG, the company's free float will be adjusted in the index from the current 39.46 percent to 29.00 percent. The changes will become effective on Friday, 9 October 2015.
Source: Deutsche Börse
