Global ETF News Older than One Year
IMF warns more work is needed to tackle big bank risk
January 22, 2014--Big banks still pose a threat to the world financial system because there is a general assumption that governments will come to their rescue in case of trouble, an International Monetary Fund executive said on Thursday.
"It is astonishing that officials in countries are still largely ill-equipped to deal with a Lehman Brothers-style bankruptcy, where assets and liabilities are scattered across multiple jurisdictions and entities," Jose Vinals, tasked with financial oversight at the IMF, said in a blog post.
view more
Source: IMF
IMF Working paper-Effectiveness of Capital Outflow Restrictions
Specifically, it examines whether a tightening of outflow restrictions helps reduce net capital outflows. We find that such tightening is effective if it is supported by strong macroeconomic fundamentals or good institutions, or if existing restrictions are already fairly comprehensive. When none of these three conditions is fulfilled, a tightening of restrictions fails to reduce net outflows as it provokes a sizeable decline in gross inflows, mainly driven by foreign investors.
view the IMF Working paper-Effectiveness of Capital Outflow Restrictions
Source: IMF
DTCC Trends, Risks and Opportunities
In response, policymakers around the world have enacted new rules and legislation, such as the Dodd-Frank
Act (DFA) in the United States, European Market Infrastructure Regulation (EMIR) and Basel III regulations, with the primary
objective of increasing market stability and resiliency, enhancing transparency and reducing counterparty, operational and liquidity risk.
Source: DTCC
Euronext sees regulatory backing for spin-off in Feb
Euronext is due to be spun off in a 1 to 1.5 billion-euro ($1.4-$2.0 billion) listing after Atlanta-based IntercontinentalExchange (ICE) merged with New York Stock Exchange parent NYSE Euronext in November.
Source: Reuters
Time for private banks to tap Gulf wealth?
A study by the GCC published towards the end of last year, plus publicity surrounding the upcoming World Expo 2020 to be held in Dubai, has concentrated attention on the region, specifically the provision of financial services to the wealthy.
Source: Asian Investor
ETFS Securities-Gold Shorts Shaken by Recent Strong Gold Price Performance
While short positioning in gold
futures remains near record levels, over the past two weeks shorts have moderated and
longs have increased, indicating investors’ confidence that gold is the "slam dunk” short that
some brokers have been touting may have been shaken by its recent strong performance.
Potential for largest mine strikes in South Africa lift platinum and palladium prices.
The platinum price rose 1.5% last week, bringing year-to-date gains to 6.6%, recovering
above its 200-dma for the first time since August 2013 as news of the potential for the
largest South Africa mine strikes since 2012 hit the headlines.
Source: ETF Securities
EU and China begin investment talks
The EU sees an investment agreement with China as an important element in closer trade and investment ties between our economies. One of the EU's priorities in the negotiations will be to remove barriers to EU investors on the Chinese market.
"The current level of bilateral investment between the EU and China is way below what could be expected from two of the most important economic blocks on the planet. Whereas goods and services traded between the EU and China are worth well over €1 billion every day, just 2.1% of overall EU Foreign Direct Investment (FDI) is in China. The main purpose for these negotiations is the progressive abolition of restrictions on trade and foreign direct investment and to improve access to the Chinese market for EU investors," said John Clancy, EU Trade Spokesman.view more
Source: Europa
Global launch of World Economic Situation and Prospects 2014
Global economic growth should increase over the next two years with continuing signs of improvement, according to the United Nations World Economic Situation and Prospects 2014 (WESP) report, launched today. The global economy is expected to grow at a pace of 3.0 per cent in 2014 and 3.3 per cent in 2015, compared with an estimated growth of 2.1 per cent for 2013.
The euro area has finally ended a protracted recession. Growth in the United States strengthened somewhat. A few large emerging economies, including China and India, managed to backstop the deceleration they experienced in the past two years and veered upwards moderately. These factors point to increasing global growth. view the UN World Economic Situation and Prospects 2014
Source: UN
Global economy is improving, but remains vulnerable to new and old headwinds that could derail growth, says UN report
The global economy is expected to grow at a pace of 3.0 per cent in 2014 and 3.3 per cent in 2015, compared with an estimated growth of 2.1 per cent for 2013.
The world economy experienced subdued growth for a second year in 2013, but some improvements in the
last quarter have led to the UN’s more positive forecast. The euro area has finally ended a protracted recession.
Growth in the United States strengthened somewhat. A few large emerging economies, including China and
India, managed to backstop the deceleration they experienced in the past two years and veered upwards moderately. These factors point to increasing global growth. view the World Economic Situation and Prospects 2014 report view the World Economic Situation and Prospects 2014 infographic
Source: UN
Warburg Pincus to acquire majority stake in Source
The existing shareholders, including five of the world’s largest investment banks: BofA Merrill Lynch, Goldman Sachs, J.P. Morgan,Morgan Stanley and Nomura, will continue as minority shareholders. This investment highlights the significant opportunity available to grow Source’s assets and its highly compelling product offering to investors in the European ETP market. It also further reinforces Source‘s position as a dynamic and independent asset manager.
Source: Source
January 22, 2014-- Summary: This paper examines the effectiveness of capital outflow restrictions in a sample of 37 emerging market economies during the period 1995-2010, using a panel vector autoregression approach with interaction terms.
A Collateral Management White Paper January 2014
January 22, 2014--Collateral is viewed as both a solution to and a trigger of massive financial losses that occurred as a result of the financial crisis of 2008.
January 22, 2014--Pan-European financial market operator Euronext aims to get regulators' backing for its spin-off from NYSE Euronext this or next month, its CEO said on Wednesday.
January 22, 2014--Private banks need to establish a greater presence in Gulf Cooperation Council (GCC) countries and place more staff there if they are to benefit from the region's wealth, writes Scorpio Partnership.
January 21, 2014--Gold shorts shaken by recent strong gold price performance
Despite the US dollar
appreciating on the back of positive economic data, the gold price gained for a second
consecutive week last week. The lower-than-expected payrolls numbers two Friday's ago
appears to have served as a reminder that gold may provide investors one of the better
hedges against the risk that the strong US economic recovery baked into most asset prices
may not be straight-line or may even prove to be wrong.
January 20, 2014-- The first round of negotiations for an EU-China investment agreement will take place in Beijing on 21-23 January 2014. A comprehensive EU-China investment agreement will benefit both the EU and China by ensuring that markets are open to investment in both directions. It will also provide a simpler, secure and predictable legal framework to investors in the long term.
January 20, 2014--The world economy experienced subdued growth for a second year in 2013, but some improvements in the last quarter have led to the UN's more positive forecast.
A bumpy exit from quantitative easing by major central banks poses risks for financial stability and global growth
January 20, 2014-- Global economic growth should increase over the next two years with continuing signs of improvement, according to the United Nations World Economic Situation and Prospects 2014 (WESP) report, launched today.
January 20, 2014--Source, an asset manager and one of the market leading European providers of Exchange Traded Products (ETPs),today announced that an affiliate of Warburg Pincus, a global private equity firm focused on growth investing, has committed to acquire a majority stake in Source.
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