Global ETF News Older than One Year
BNY Mellon Q1 2015 ETF Newsletter
April 14, 2015--Global Market Commentary
As of February 28, 2015, there were 4,020 ETFs and total assets of $2.769 trillion. There are a total 214 providers on 61 exchanges.
Global net inflows into ETFs YTD 2015 reached $52.82 billion. iShares, Vanguard and WisdomTree led global inflows (as well as US inflows), while SPDR ETFs, Harvest Asset Management, and ProShares led global outflows.
There have been 100 new ETFs launched globally YTD 2015 from 40 providers, while 46 ETFs closed.
U.S. Market Commentary
The United States has 1,386 ETFs with assets of $2.00 trillion as of the end of February 2015. There are 58 ETF providers on 3 exchanges. The US represents 72.2 percent of global ETF assets.
There were net new inflows into ETFs totaling $23.94 billion YTD as of the end of February. This represents 45 percent of global inflows.
For equity ETFs, European, Global (ex-US), and APAC exposed ETFs led inflows, while North American, Emerging Markets and Middle East & Africa exposed equity ETFs had the highest outflows.
For fixed income ETFs, Government, High-Yield and Corporate bond ETFs led inflows while Mortgage based ETFs led the fixed income outflows.
For Commodity ETFs, Precious Metals, Broad, and Energy exposed ETFs led inflows, while Agriculture and Industrial Metals ETFs led outflows.
Source: BNY Mellon
Professor Noël Amenc Steps Down as Director of EDHEC-Risk Institute
April 14, 2015--On the occasion of the EDHEC-Risk Days conference, which took place in London on March 24 and 25, 2015, Tomas Franzén, Chief Investment Strategist with the Swedish national pension fund AP2 and chairman of EDHEC-Risk Institute's International Advisory Board,
announced the resignation of Professor Noël Amenc from his role as Director of EDHEC-Risk Institute.
Source: EDHEC-Risk Institute
ETFs expand into Bitcoins
April 14, 2015--WinklevossBitcoin Trust Exchange Traded Fund (ETF), which will track the performance of Bitcoins, the most talked about digital currency, will be available to investors later this year.
Launched by Cameron and Tyler Winklevoss-the twins who worked with Mark Zuckerberg in the early stages of Facebook-the ETF is currently in the process of regulatory approval.
Source: FT.com
World Bank-Remittances growth to slow sharply in 2015, as Europe and Russia stay weak; pick up expected next year
April 13, 2015--Potential to leverage migrant savings and remittances for development financing remains, says WB report
Growth in global remittances, including those to developing countries, will slow sharply this year due to weak economic growth in Europe, deterioration of the Russian economy and the depreciation of the euro and ruble, says the latest issue of the World Bank's Migration and Development Brief, released today.
Officially recorded remittances to the developing world are expected to reach $440 billion in 2015, an increase of 0.9 percent over the previous year. Global remittances, including those to high income countries, are projected to grow by 0.4 percent to $586 billion.
Migration and Remittances: Recent Developments and Outlook* Special Topic: Financing for Development
Source: World Bank
How Can Buy-Side Institutions Measure Their Relative Trading Performance?
April 11, 2015--"Best execution" is a term that can have different meanings depending upon your perspective. For example, sell-side participants may define it in the context of Regulation NMS's Rule 611-the order protection rule-as best price.
As we noted in our September 2014 seminar at Institutional Investor's International Trader Forum in Berlin, the U.K.'s FCA noted in their July 2014 "Thematic Review, Best Execution and Payment for Order Flow" that, "Best execution is broader than 'best price' and this is a major difference between Europe and other jurisdictions such as the U.S." The buy-side may be more closely aligned with Former SEC Associate Director for Examinations Gene Gohlke's definition as placing trades to minimize implementation costs.
Source: Bloomberg Trade Book
Citadel plots ETF block trades
April 10, 2015--Citadel Securities plans to start executing exchange-traded fund block trades by the end of the year
ramping up its capabilities in the products as assets in ETFs globally swell.
Source: Financial News
BlackRock ETP Landscape: March driven by non-US equity
April 10, 2015--NON-U.S. DEVELOPED MARKETS EQUITY ETP FLOWS SURGED IN MARCH TO SECURE BEST Q1 ON RECORD
Global ETPs gathered $36.1bn to lift Q1 flows to $97.2bn, nearly triple the total from Q1 2014
Nearly all of the March flows went to non-U.S. developed markets equity funds, led by a new high for European exposures of $14.8bn and accelerating Japanese equity flows of $8.3bn
Currency-hedged equity had its best month ever, accounting for $13.4bn spread across Europe, EAFE and Japan exposures as investors anticipated further strengthening of the U.S. dollar
Source: BlackRock- ETP Research
A-shares inclusion in MSCI indexes likely: analyst
April 10, 2015--Morgan Stanley Capital International(MSCI) has kicked off a second round of surveys among global institutional investors concerning listing A-shares in the MSCI All Country World Index and will make a final decision in June, according to Shanghai-based China Business News.
China's A-shares refer to shares of firms incorporated in mainland China, traded on the Shanghai and Shenzhen stock exchanges and quoted in renminbi. They are mostly traded by Chinese investors and some delegated overseas institutional investors.
Source: Chinese Times
DECPG Global Weekly- April 10, 2015
April 10, 2015--Taking Stock
Euro Area private sector continued to expand. The Markit Eurozone final composite output index climbed to an
11-month high of 54.0 in March from 53.3 in February (Figure 1). Both the manufacturing and service sectors
contributed to the expansion. The services Purchasing Managers' Index (PMI) came in at 54.2 in March, up from
53.7 in February, while the manufacturing PMI rose to 52.2 in March from 51.0 in February.
The Sentix investor confidence index for the Eurozone rose from 18.6 in March to 20.0 in April, the highest since August 2007.
Greece made loan repayment to the IMF. Greece repaid av€.450 million loan installment to the International Monetary Fund on Thursday, helping lift European stocks to a seven-year high. Greece has not received bailout funds since August last year and has resorted to measures such as borrowing from state entities to finance its operations. As a requirement for the release of the next tranche of aid funds, the Greek government proposed a new package of reform measures last week, which is still under review.
Source: World Bank
Assets in ETFs/ETPs globally reached a new record high of 2.926 trillion US dollars at the end of Q1 2015 according to ETFGI
April 9, 2015--Record levels of assets were reached at the end of Q1 for ETFs/ETPs listed globally at US$2.926 trillion, in the United States at US$2.094 trillion, Asia Pacific ex-Japan at US$119.6 billion and Japan at US$109.3 billion, according to ETFGI's preliminary monthly ETF and ETP global insight report for Q1.
The global ETF/ETP industry had 5,669 ETFs/ETPs, with 10,961 listings, from 247 providers listed on 63 exchanges in 51 countries.
Source: ETFGI
