Global ETF News Older than One Year
IMF-An Overview of Islamic Finance
June 2, 2015--Summary: Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership.
In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.
Source: IMF
OECD updates its Better Life Index
June 2, 2015--The OECD today launched the 2015 update of the Better Life Index (www.oecdbetterlifeindex.org), an online, interactive tool that invites people to create their own index according to their priorities in 11 topics
-housing, income, jobs, community, education, environment, governance, health, life satisfaction, safety, work-life balance.
Source: OECD
Six Vanguard TSX-Listed International Equity ETFs To Broaden Diversification With All-Cap Exposure
June 2, 2015--Six ETFs to receive new names
Access to China A-shares proposed for Vanguard FTSE Emerging Markets Index ETF and Vanguard FTSE All-World ex Canada Index ETF
Management fee reductions announced for Europe and Asia Pacific ETFs
Two existing developed markets ETFs to provide exposure to Canada and exclude only the U.S.
Preliminary prospectus filed for two new developed markets ETFs that would exclude both Canada and the U.S.
Vanguard Investments Canada Inc. today announced a series of changes to its Canadian ETF line-up. The firm is proposing to broaden the diversification of six Vanguard TSX-listed international equity index ETFs and move them to all-capitalization benchmarks.
Source: Vanguard
Ready or not, here "IoT" comes!
June 2, 2015--By now you've surely heard the predictions: The Internet of Things (IoT) is coming and it's going to forever change the financial services industry.
So, just what is IoT? First documented in 1999, IoT is expected to offer advanced connectivity of devices, systems and services that will enable automation and advanced application
view the inforgraphic-The Internet of Things
Source: CDW
BIS-Credit risk management across sectors-report released by the Joint Forum
June 2, 2015--Today the Joint Forum released its report Developments in credit risk management across sectors: current practices and recommendations.
The report provides insight into the current supervisory framework around credit risk, the state of credit risk management at firms and implications for the supervisory and regulatory treatments of credit risk.
It is based on a survey that the Joint Forum conducted with supervisors and firms in the banking, securities and insurance sectors globally in order to understand the current state of credit risk management given the significant market and regulatory changes since the 2008 financial crisis. Fifteen supervisors and 23 firms from Europe, North America and Asia responded to the survey.
Source: BIS
Source joins forces with FTSE Russell and Research Affiliates to launch innovative index series
June 1, 2015--Source, one of the largest providers of Exchange Traded Products (ETPs) in Europe, has worked with FTSE Russell and Research Affiliates to create the FTSE RAFITM Equity Income Index Series, a new family of indices targeting high dividend-paying stocks which have also been screened to favour sustainable income.
Research Affiliates is a global leader in "smart beta" and asset allocation. The innovative strategies and asset allocation models developed by the firm over the years have since been incorporated into portfolios by investment professionals throughout the world.
Source: Source ETFs
Average daily volume of 10.1 million contracts at Eurex Group in May
Segment interest rate derivatives volume with significant increase year-on-year
June 1, 2015--In May, the international derivatives exchanges of Eurex, part of Deutsche Börse Group, recorded an average daily volume of 10.1 million contracts (May 2014: 8.1 million).
Of those, 7.7 million were Eurex Exchange contracts (May 2014: 6.0 million), and 2.4 million contracts (May 2014: 2.1 million) were traded at the U.S.-based International Securities Exchange (ISE), part of Eurex Group. In total, 147.0 million contracts were traded at Eurex Exchange and 48.7 million at the ISE.
Source: Eurex
FTSE Russell and Research Affiliates Launch New Smart Beta Index Series
New index series focuses on high dividend-paying, high quality stocks
Builds on 10 years of smart beta leadership and innovation from FTSE Russell and Research Affiliates
Source ETFs to track the index series in Europe
June 1, 2015--FTSE Russell, the global index provider, and Research Affiliates LLC, a pioneer in smart beta strategies, today announce the launch of new smart beta indexes: the FTSE RAFITM Equity Income Index Series.
The benchmarks will track high dividend-paying stocks which are screened to target sustainable income. The indexes are weighted according to fundamental measures-as opposed to market capitalisation.
Source: FTSE Russell
DTCC Publishes Perspectives on CCP Risk Management
Issues new paper highlighting critical differences among CCPs and the markets they serve and promoting transparency and certainty concerning CCP risk management practices
June 1, 2015--The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today issued a white paper outlining views on CCP governance, stress testing, default management and continuity of CCP services in times of market distress.
DTCC's paper, CCP Resiliency and Resources, contributes to an ongoing dialogue among CCPs, regulators and clearing participants concerning CCP risk management.
view the DTCC paper-CCP Resiliency and Resources
Source: DTCC
State Street Global Advisors-Weekly Market Report
May 29, 2015-This Week's Highlights
Economies
GDP falls in the US..but may be revised. The Bank of Canada
leaves policy unchanged. GDP rises modestly in the UK. Money
growth accelerates in the eurozone.
Inflation slows sharply in Japan. Investment falls again in Australia. GDP expands solidly in India but contracts in Brazil.
Markets
Markets seem listless. Equities are mixed. G7 government bond yields fall. USD rises. Oil falls.
Next Week Previewed-Spotlight
The Reserve Bank of Australia, the European Central Bank and the Bank of England should leave monetary policy unchanged.
Employment should rise solidly in the US. Inflation is expected to turn (barely) positive in the eurozone. GDP likely posts another sluggish gain in Australia
The Week in Review-US
As widely anticipated following the release of the international
trade data, first-quarter real GDP growth was revised down
quite substantially.
Source: spdru.com
