Global ETF News Older than One Year
BlackRock tries to calm redemption fears
July 10, 2015--BlackRock, the largest asset manager in the world, is pushing back against mounting concern that asset managers are set for severe investor outflows when interest rates eventually begin to rise.
Like many asset managers, BlackRock has ballooned in size by hoovering up corporate bonds as companies have taken advantage of low interest rates to issue large amounts of debt.
Source: FT.com
FSB Sees Progress on Risk-Free Interest-Rate Benchmarks
July 9, 2015--Global regulators are making progress in identifying potential risk-free benchmark rates as they respond to manipulation scandals that have shaken the financial industry, the Financial Stability Board said.
"Detailed data collection exercises have been undertaken in key markets and work is now underway to identify potential" risk-free benchmark rates where these don't exist, the Basel-based FSB said in a report on Thursday."
Source: Bloomberg
IMF Slower Growth in Emerging Markets, a Gradual Pickup in Advanced Economies WEO Update
July 9, 2015--Global growth is projected at 3.3 percent in 2015, marginally lower than in 2014, with a gradual pickup in advanced economies and a slowdown in emerging market and developing economies.
In 2016, growth is expected to strengthen to 3.8 percent. A setback to activity in the first quarter of 2015, mostly in North America, has resulted in a small downward revision to global growth for 2015 relative to the April 2015 World Economic Outlook (WEO).
Nevertheless, the underlying drivers for a gradual acceleration in economic activity in advanced economies-easy financial conditions, more neutral fiscal policy in the euro area, lower fuel prices, and improving confidence and labor market conditions-remain intact.
In emerging market economies, the continued growth slowdown reflects several factors, including lower commodity prices and tighter external financial conditions, structural bottlenecks, rebalancing in China, and economic distress related to geopolitical factors. A rebound in activity in a number of distressed economies is expected to result in a pickup in growth in 2016.
view the lower Growth in Emerging Markets, a Gradual Pickup in Advanced Economies - Infographic
Source: IMF
CPMI and IOSCO begin first "Level 3" PFMI Principles assessment
July 9, 2015--The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) announced today that they have started the first Level 3 assessment of the implementation of the Principles for financial market infrastructures (PFMI), the international standards for financial market infrastructures (FMIs).
This review will examine consistency in the outcomes of PFMI Principles implementation and is part of the CPMI-IOSCO's monitoring of full, timely and consistent implementation of the PFMI.
Source: IOSCO
Yen fuelled by China spillover fears
July 9, 2015--Speculative money likely to play a decisive role as carry trade unwinds.
Source: FT.com
Market turbulence worries Brics with volatile China, oil
July 9, 2015--The Brics group of developing nations, meeting in Russia to bolster ties, said they're disturbed by the turbulence that's roiled global markets from energy to stocks.
"We're concerned about instability in the markets, the high level of volatility in the prices of energy and raw materials, and the accumulation of sovereign debt of a number of major countries," Russian President Vladimir Putin said in the city of Ufa, in the east of Moscow.
Source: FIN24
Regulators on hook for China stock slide
July 9, 2015--What began at the weekend as a behind-the-scenes effort by China's undergunned markets regulator to reassure skittish investors has become an all-out push
by the Communist party to safeguard its 25-year experiment with capital markets reform.
Source: FT.com
Platinum shares hit multi-year lows
July 9, 2015--Platinum shares have hit multi-year and even decade's lows as the metal's spot price pursued a
relentless decline to new six-year lows, approaching the $1 000 (approx R12 500) level.
Source: FIN24
IMF: Bursting Chinese bubble 'no reason to lose confidence'
July 9, 2015-The International Monetary Fund says that there is no reason to lose faith in China's economy because of the bursting stock market bubble.
IMF chief economist Olivier Blanchard said that the 30% meltdown in the Shanghai and Shenzhen markets since mid-June is "very much a sideshow" to the greater economy and would not undermine growth overall.
Source: FIN24
BATS REPORTS U.S. OPTIONS MARKET SHARE OF 9.6%, THIRD-BEST MONTH ON RECORD
EDGX Options Scheduled to Launch November 2nd, Pending SEC Approval
July 8, 2015--BATS Global Markets today reported volume, market share, and monthly highlights,for its U.S. options business, including its third-best month on record in June with 9.6% market share, up from 3.9% one year ago.
The monthly market share record is 9.9%, set in April 2015.
Additional monthly highlights include:
The BATS BZX Options exchange set a new record in equity options market share, reporting 10.8% market share in June.
The BZX Options market remained the largest maker-taker pricing options exchange in June.
Source: BATS Global Markets, Inc.
