Development Economics and Development Policy Are Due For a Redesign, Says World Bank Report
December 2, 2014--Development policies based on new insights into how people actually think and make decisions will help governments and civil society achieve development goals more effectively.
A richer and more accurate understanding of human behavior can make it easier to tackle such difficult development challenges as increasing productivity, breaking the cycle of poverty from one generation to the next, and acting on climate change, finds a new World Bank report.
World Development Report 2015: Mind, Society, and Behavior, examines early, exciting work that suggests ways of diagnosing and solving the psychological and social factors that influence development. The new approaches are complements to a host of other standard economic tools.
view the World Development Report 2015: Mind, Society, and Behavior
view the Infographic: Mind, Society, and Behavior
Source: World Bank
Deciphering Developing Markets-9% Growth for India | Malaysia's Middle Class
December 2, 2014--In a Times of India article, Price Waterhouse Coopers is quoted as saying,"India is on the cusp of major change...For India to take the winning leap and grow its GDP by 9 per cent per annum to become a $10 trillion economy, a concerted effort from corporate India, supported by a vibrant entrepreneurial ecosystem and a constructive partnership with the government will play a critical role."
And I agree.
Under the new government of Mr. Narendra Modi, there is not just a willingness but also a keen sense of getting the job done. Add to this the millions of 20 to 30 year olds who, for the first time in the country's history, see the entrepreneurial opportunities in India without having to travel further afield. As infrastructure continues to be built out and connectivity improved, more and more high tech and industrial plants will be built, thus providing the high paying jobs that will be essential to India’s future.
Source: Peter Kohli, DMS Funds
Institutional Use of ETFs Continues Rising, Says BlackRock
December 2, 2014-Investors allocated another $42 billion to exchange traded funds last month, bringing year-to-date ETF inflows to $192 billion as the U.S. ETF industry.
is now within striking distance of the lofty $2 trillion in assets under management mark.
Source: Yahoo Finance
Unscheduled component changes in MDAX and SDAX
December 1, 2014--Deutsche Börse has announced that Sky Deutschland AG will drop out of MDAX. Jungheinrich AG will be included in MDAX instead.
Due to the takeover of Sky Deutschland AG by Sky plc, the free float of Sky Deutschland AG has dropped to 9.96 percent, making it ineligible for index inclusion.
Source: Deutsche Börse
Average daily volume of 7.4 million contracts at Eurex Group in November
December 1, 2014--December 1, 2014--In November 2014, the international derivatives markets of Eurex Group recorded an average daily volume of 7.4 million contracts (November 2013: 7.5 million). Of those, 5.3 million were Eurex Exchange contracts (November 2013: 5.0 million), and 2.1 million contracts (November 2013: 2.5 million) were traded at the U.S.-based International Securities Exchange (ISE).
In total, 107.0 million contracts were traded at Eurex Exchange and 39.0 million at ISE.
Source: Eurex
China holds the gold price key
If China wants the gold price to turn around, it has all the ammunition available to bring this about.
December 1, 2014-- Those gold bug optimists who reckoned the likely Swiss Gold referendum 'No' vote had already been discounted by the markets were initially proven wrong.
With some forlorn gold hopes hanging on for a surprise 'Yes' vote, the result was going to produce a knee-jerk reaction downwards as it will have perhaps prompted more selling from exasperated gold investors.
Source: MineWeb
Pimco suffers $100bn in redemptions from top funds
November 30, 2014--Pimco has accounted for half of the 10 funds with the biggest outflows so far this year- bleeding more than $100bn-as rivals snatched market share from the world's largest bond manager
while it struggled to contain management infighting...
Source: FT.com
Deutsche Bank shuts down physical precious metals desk
The bank decided to cease operations in base metals, energy and dry bulk physicals in Dec 2013.
November 28, 2014--Deutsche Bank is shutting down its physical precious metals trading desk, it said, in line with last year's decision to pull out of most physical commodities.
The bank decided to cease operations in base metals, energy and dry bulk physicals in December 2013.
Source: MineWeb
Platinum, Palladium Price Fixings Make Way for Electronic System
The London Metal Exchange will start a new electronic procedure next week that can viewed online. The twice-a-day system replaces one that's been in place since 1989 where BASF Metals Ltd., Goldman Sachs Group Inc., HSBC Holdings Plc and Standard Bank Plc discuss client orders and market demand to agree on a price.
Source: Bloomberg
Poor performance catching up with active stock fund managers
With bad bets on financial shares, missed opportunities in technology stocks and too much cash on the sidelines, roughly 85 percent of active large-cap stock funds have lagged their benchmark indexes through Nov. 25 this year, according to an analysis by Lipper, a Thomson Reuters research unit. It is likely their worst comparative showing in 30 years, Lipper said.
Source: Reuters
November 28, 2014--Platinum and palladium prices will be set by phone for the last time today.
November 28, 2014--Stock-picking fund managers are testing their investors' patience with some of the worst investment returns in decades.
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