Global ETF News Older than One Year
Collaboration with Shanghai Stock Exchange
June 8, 2015--SIX Swiss Exchange and Shanghai Stock Exchange have agreed in a memorandum of understanding to step up their collaboration.
Today, SIX Swiss Exchange welcomed a delegation from China. The meeting was focused on signing a memorandum of understanding between SIX Swiss Exchange and the Shanghai Stock Exchange. It envisages regular, institutionalized exchange of information, in order to improve understanding of each other's market, promote business relations and strengthen regulatory standards.
The aim is to develop service offerings to the benefit of investors in both financial centers and to create attractive conditions for mutual admission of financial products.
Source: SIX Swiss Exchange
IOSCO publishes good practices on reducing reliance on CRAs in Asset Management
June 8, 2015--The International Organization of Securities Commissions (IOSCO) today published its final report on Good practices on reducing reliance on CRAs in Asset Management, which provides a set of good practices for reducing over-reliance on external credit ratings in the asset management industry.
The report stresses the importance of asset managers having the appropriate expertise and processes in place to assess and manage the credit risk associated with their investment decisions. To help managers avoid over-reliance on external ratings, the report lists eight good practices that they may consider when resorting to external ratings.
view the Good practices on reducing reliance on CRAs in Asset Management report
Source: IOSCO
BlackRockETP Landscape: Durable non-U.S. equity demand
GLOBAL ETP FLOWS IN MAY REFLECT DURABLE DEMAND FOR NON-U.S. EQUITIES DESPITE BROADER SLOWDOWN IN ACTIVITY
June 8, 2015--Global ETPs gathered $18.3bn, though excluding non-U.S. equities flows were largely flat
Japan and EAFE exposures led non-U.S. developed markets equities with $5.8bn and $4.2bn, respectively, and each category has been steady all year bringing in over $20bn to eclipse its full-year 2014 total
Broad EM equity inflows persisted for a second straight month, with $1.6bn lifting year-to-date flows into positive territory
Currency-hedged equity ETP flows of $3.4bn were the lowest since October, but accelerated again late in the month across EAFE, Europe and Japan funds
Pan-European funds brought in $1.6bn, a six--month low, as investor sentiment moderated along with the regional economic outlook after a strong Q1.
Source: BlackRock- ETP Research
STOXX Ltd. launches True Exposure index family to help investors achieve efficient strategic asset allocation
June 8, 2015--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced the launch of the STOXX True Exposure index family, in short STOXX TRU. The indices allow investments in predefined countries or regions by selecting companies that have a dominant economic exposure to the targeted area. By enabling investors to sharpen portfolio exposure to selected regions, these indices allow for improved asset allocation that significantly de-risks portfolios with the same regional allocations.
"In today's interconnected world, having a portfolio that invests in a US, European and Asian market-cap benchmark leads to unintended regional overlaps of economic exposures, leaving investors with allegedly diversified portfolios that could have highly correlated returns," said Hartmut Graf, chief executive officer, STOXX Limited.
Source: STOXX
Jain Era Ending as Deutsche Bank Appoints Cryan for Top Job
June 8, 2015--Deutsche Bank AG shares surged the most in more than two years as investors welcomed a management overhaul at Germany's biggest bank.
John Cryan, a supervisory board member since 2013, was named the next chief executive officer in a surprise announcement Sunday. He'll replace co-CEO Anshu Jain at the end of the month and become sole CEO when Juergen Fitschen steps down next May.
Source: Bloomberg
BlueStar Israel Equity Update June 2015-Israeli Global Equities Reach New Highs in May
June 8, 2015--Israeli global equities, as measured by BIGI(R) continued their upward move in May, almost reaching another all-time high before falling off slightly during the last week of the month.
In this they largely tracked US and European equity markets which also declined toward month-end on mixed economic data that suggested the U.S. recovery was faltering as well as the pending European creditor showdown with Greece.
BIGI(R)rose 1.67% in May, closing at 304.05, 1.70% below the all-time high reached in April.
Source: BlueStar Indexes
Free Lunch: Bitcoinomics
June 8, 2015--If bitcoin were a person, it would barely have reached school age. But only six years after the cryptocurrency software was released by its equally cryptic inventor, it is garnering extraordinary attention from finance professionals and regulators.
As early as 2011 it was considered important enough for a New Yorker article on the quest for the bitcoin creator's identity.
Source: FT.com
Russia Gets Very Serious On De-Dollarizing
June 6, 2015--Russia is about to take another major step towards liberating the Ruble from the Dollar System. Its Finance Ministry just revealed it is considering issuing Russian state debt in Chinese Yuan.
That would be an elegant way to decouple from the dependence and blackmail pressures from the US Treasury financial terrorism operations while at the same time strengthening the bonds between China and Russia-Washington's worst geopolitical nightmare.
Source: emergingequity.org
Lyxor AM to launch RQFII China bond ETF
June 5, 2015--Lyxor AM says it will use part of its new Rmb6 billion quota to launch a China bond ETF, after it became the largest RQFII holder in France.
It also plans to revamp its Asia product range over the summer.
Source: Asian Investor
Assets invested in the global ETF/ETP industry broke through the 3 trillion US dollar milestone at the end of May according to ETFGI
June 5, 2015--Assets invested in ETFs/ETPs listed globally broke through the US$3 trillion milestone at the end of May to reach a new record of US$3.015 trillion in assets under management (AUM), according to ETFGI's preliminary monthly ETF and ETP global insight report for May 2015.
At the end of May 2015, the global ETF/ETP industry had 5,757 ETFs/ETPs, with 11,117 listings, from 256 providers listed on 62 exchanges in 51 countries.
Source: ETFGI
