Global ETF News Older than One Year
9th quarterly BNY Mellon ETF Services Newsletter
July 14, 2014--Market Commentary
At the end of May 2014, the global ETF industry had 3,749 ETFs, with 8,015 listings and total
assets of $2.40 trillion. The global ETF asset growth YTD 2014 through the end of May is
6.6%. This is from a total of 192 ETF providers on 57 exchanges.
Global inflows into ETFs in 2014 through the end of May was $88.74 billion.
U.S. Market Commentary
As of the end of May 2014, the US ETF industry had 1,314 ETFs/listings and total assets of$1.71 trillion. The US ETF asset growth YTD 2014 through the end of May is 6.2% from a
total of 42 providers on 3 exchanges. In 2014 through the end of May, there have been 74 new ETFs launched by 18 providers, while 19 ETFs have delisted.
Source:BNY Mellon
Regulators discuss "clock drift"
July 14, 2014--As trading hits warp speed, market cops have a growing headache: Clocks can't always keep up.
Most brokers and trading firms now use high-speed computers to fire off thousands of orders in the blink of an eye, and the acceleration is hindering regulators' ability to know precisely when buyers and sellers are matched up.
Source: Wall Street Journal
CME/Thomson Reuters to Run Replacement for Silver Fixing
July 14, 2014--CME Group Inc. and Thomson Reuters Corp. will run the replacement for the 117-year-old silver-fixing benchmark that's ending in August, the London Bullion Market Association said.
Testing is set for early August with the new mechanism to go live on Aug. 15, the LBMA said today in an e-mailed statement. The London Metal Exchange, Autilla Ltd., Bloomberg LP, Intercontinental Exchange Inc., ETF Securities Ltd. and Platts had also proposed alternatives last month.
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Source: Bloomberg
World Gold Council-Investment Commentary: First half 2014
This latest edition examines gold's performance during the first half of 2014 and focuses on two trends that, in our view, support adding gold to portfolios as a means of protection and risk management:
The record issuance of lower-rated bonds across markets
view the World Gold Council-Investment Commentary: First half 2014
Source: World Gold Council (WGC)
ETF Securities-Precious Metals Weekly-The Gold Rally Gains Momentum as Equity Volatility Picks Up
Some prudent diversification into safer assets has been the early H2 trend, with geopolitical risks
escalating in the Middle East and Russia, economic risks increasing in Europe and volatility
returning to equity markets. Gold and silver were the best performing precious metals last
week, with gains of 1.2% and 1.4% respectively. Contrary to consensus expectations at the
onset of 2014, all four of the precious metals ended the week with year-to-date gains above
the 6.5% year-to-date increase in the S&P 500 index. FOMC meeting minutes released last
week noted that some Fed officials believe "market participants were not factoring in
sufficient uncertainty about the path of the economy and monetary policy." Gold rallied
sharply with the VIX volatility index which ended the week at 12.1, up from 10.3 the previous
week, which was the lowest since Feb. 2007. Gold should be a primary beneficiary if
volatility returns to the equity markets.
Source: ETF Securities
DECPG Weekly Economic Brief--July 10, 2014
Supported by the current favorable financial market conditions, gross capital flows to developing countries in June were robust. The easing of financial market conditions in recent months is reflected in the decline in developing country bond spreads, including those from Sub-Saharan Africa.
Source: World Bank
Fidelity loses ground to index trackers
Figures compiled for the Financial Times by Morningstar show that investors withdrew a net $3.5bn from Fidelity's US funds in the six months to the end of June, while Capital Group's American Funds managed inflows of less than $600m.
Source: FT.com
Barclays index business could worth $1bn
The long-anticipated sale of the Index, Portfolio and Risk Solutions (IPRS) business kicked off in early June, and several bidders recently progressed into the auction's second round.
Source: Telegraph
Investors Flock to Government Bonds
The buying propped up the prices of Treasury bonds for a fourth straight session, sending the yield on the benchmark 10-year Treasury note to the lowest level in more than a month. The yield on the 10-year German government bond fell to near a record low. When bond prices rise, their yields fall.
Source: Wall Street Journal
Bank Trading Revenue May Improve in Second Quarter
An uptick in trading volumes in June has mitigated a slow start to the quarter and will help banks who are large U.S. and European fixed-income players, though it may not be enough to keep FICC revenues from declining overall for the quarter.
Source: Wall Street Journal
July 14, 2014-- This Investment Commentary explores the main macroeconomic drivers behind gold's price performance.
The historically low volatility environment
July 14, 2014--Increasing uncertainty benefits gold and silver. The second week of the second half of
the 2014 year concluded with precious metal prices continuing to rally, real interest rates
declining and potential cracks forming in the historic 5+ year equity market rally.
July 11, 2014--The post crisis recovery in imports has been uneven. Developing countries have recorded robust growth across all import groups, whereas in high-income countries, reflecting weaker domestic demand conditions, growth especially in durable and capital goods imports has been relatively weaker.
July 11, 2014--The world's largest active fund managers, Fidelity and Capital Group, are losing market share to index trackers and niche rivals, as changing investor demands reshape the $30tn global mutual fund industry.
Business, which boasts more than 98 major indexes, could be worth more than double what Barclays had been expecting to sell it for
July 11, 2014--Barclays' planned sale of its index business could yield close to $1bn, more than double what the bank had expected.
Concerns Rise Over Health of Portuguese Bankz
July 10, 2014--Investors piled into haven government bonds in the U.S., Germany and the U.K. on Thursday, driven by fresh signs of uneven global growth and concerns over the health of a major Portuguese bank.
Fixed Income, Currencies and Commodities Trading in U.S., Europe May Do Better Than Expected
July 10, 2014--Bank revenues from fixed income, currencies and commodities trading, or FICC, might not be as bad as some expect when the sector reports second-quarter results starting Friday, senior executives and bankers said.
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