Global ETF News Older than One Year
ETF Securities Research Note-China - Dominating Platinum Jewelry Demand
October 30, 2013--Key points
Jewelry demand accounts for about 35% of total platinum demand, up from 26% in 2008, with China the main engine of this growth.
China demand for platinum jewelry now accounts for about 25% of all platinum demand, compared to the 16% from Europe's auto catalyst sector.
Chinese platinum jewelry demand has doubled since 2008, on pace to account for nearly 80% of global platinum jewelry demand in 2013.
As China per capita and disposable incomes rise, so too will its demand for platinum jewelry, pushing up demand in an already constrained market.
With the platinum price now around 25% below its estimated all-in cost of production, and China demand expected to rise further in 2014, we expect the platinum price to remain well supported.
Source: ETF Securitites Research
Dual ISE/US Market Access to Irish Companies
ISE and NASDAQ OMX announce intention to bring Dual ISE/US Market Access to Irish Companies
October 30, 2013--
At the Web Summit today, the Irish Stock Exchange (ISE) and NASDAQ OMX (NASDAQ) announced their intention to bring dual ISE/US market access to Irish companies enabling them to raise capital more easily on both sides of the Atlantic.
This announcement follows the decision by the Irish Government to exempt companies on the ISE Enterprise Securities Market (ESM) from stamp duty.
Source: FT.com
IOSCO urges implementation of principles for financial benchmarks
Communique encourages benchmark administrators "to take all the necessary measures to comply"
October 30, 2013--Global securities regulators are calling on financial benchmark administrators to comply with its new principles by July 2014, in order to address concerns raised by the London Interbank Offered Rate (LIBOR) manipulation scandal.
The International Organization of Securities Commissions (IOSCO) issued a communique Wednesday, which encourages benchmark administrators "to take all the necessary measures to comply" with a set of principles for financial benchmarks that were issued earlier this year. It also requests that administrators disclose the extent of their compliance every year.
Source: Investment Executive
Top ETF and ETP Trends Through the End of Q3 2013
October 30, 2013--Through the end of Q3 2013, the assets in Exchange traded funds (ETFs) and Exchange traded products (ETPs), listed in the United States have increased by 16.1% from $1.35 trillion to $1.56 trillion, representing a new record high.
In addition, through the end of Q3 2013, ETFs/ETPs have seen net inflows of $131.32 billion, which is slightly below the $134.89 billion at the end of Q3 2012. Equity ETFs/ETPs gathered the largest net inflows YTD with $127.28 billion, followed by fixed income ETFs/ETPs with $9.54 billion, while commodity ETFs/ETPs experienced the largest net outflows YTD with $19.49 billion.
Source: NASDAQ OMX
World Gold Council-Gold as long-term strategic asset-infographic
October 30, 2013--The Gold as long-term strategic asset infographic is now available.
Source: World Gold Council
New UK Bitcoin exchange to bar US clients
October 29, 2013--A new Bitcoin exchange launching in London on Tuesday will bar customers from the US, citing diverging regulatory approaches to the experimental digital currency.
Coinfloor, which is being pitched by its founders as a forum for high-frequency trading in Bitcoin, will open initially only to customers in the UK and the rest of Europe.
Source: FT.com
China Financial Futures Exchange And NASDAQ OMX Sign MOU
October 29, 2013--China Financial Futures Exchange (CFFEX) and the NASDAQ OMX Group, Inc (Nasdaq:NDAQ), signed a memorandum of understanding (MOU) at the World Federation of Exchanges' annual meeting to strengthen cooperation and promote mutual development.
CFFEX Chairman Zhang Shenfeng and NASDAQ OMX Vice Chairman Sandy Frucher signed the MOU.
"In recent years, CFFEX has been exploring its global strategy, which includes learning from the experience of overseas markets, strengthening cooperation with them and exploring development opportunities," said Zhang Shenfeng, Chairman, CFFEX. "CFFEX and NASDAQ OMX have previously cooperated, and this new MOU can be seen as an opportunity to explore other areas of cooperation for the mutual benefit of each exchange."
Source: NASDAQ OMX
Rwanda, Côte d'Ivoire, Burundi Lead Sub-Saharan Africa in Improving Business Regulation
Singapore is first on ease of doing business
See how economies have improved over time
Read case studies on implementing business reforms
Coverage expanded to include Libya, Myanmar, San Marino and South Sudan
October 29, 2013--A new World Bank Group report finds that Sub-Saharan Africa continues to record a large number of reforms aimed at easing the regulatory burden on local entrepreneurs, with 66 reforms adopted in the past year.
Rwanda, Côte d'Ivoire, and Burundi were among the 10 economies globally improving business regulation the most.
Released today, Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises finds that of the 20 economies improving business regulation the most since 2009, 9 are in Sub-Saharan Africa: Burundi, Sierra Leone, Guinea-Bissau, Rwanda, Togo, Benin, Guinea, Liberia, and CCôte d'Ivoire.
Source: World Bank
SPDR University-Quarterly Forecast-Fourth Quarter 2013
October 29, 2013--Economic Outlook for Developed Markets
CHRISTOPHER PROBYN, PhD, CHIEF ECONOMIST
The recovery from the Great Recession began well enough, withglobal GDP surging 5.2% in 2010, but a combination of factors
slowed growth to 3.9% in 2011, 3.2% last year and 3.0% this year. However, this should prove the nadir, with growth
reaccelerating to 3.6% next year as the emerging markets stabilize and the advanced economies finally gain some traction.
Oil prices have largely driven headline inflation over the last five years. We expect oil prices to trend sideways through the rest of this year but begin to drift higher next year as global growth accelerates and the call on OPEC increases. Consequently, headline inflation decelerates in 2013 and stabilizes in 2014. Meanwhile, core inflation remains benign as output gaps narrow only slowly.
Most of the major central banks are on hold at extremely accommodative levels. That should not change appreciably through the end of next year. While the overall stance of monetary policy will become slightly less accommodative, most noticeably in the US, administered interest rates should not rise before 2015, except possibly in Canada and Australia.
Global growth seems unlikely to surprise on the upside. Rather, the risks seem more skewed to the downside, with the single largest one being a further growth disappointment in the developing economies. Meanwhile, the risks to inflation seem broadly balanced. Any disruption to the flow of OPEC crude could push oil prices to new all-time highs, while a growth disappointment would impart downside risks.
Source: State Street Global Advisors
FTSE launches new Shariah Developed Minimum Variance Index
October 29, 2013--Methodology is a design-first in Shariah finance world; combining Shariah investment principles with advanced risk management techniques
Specifically designed to meet the needs of the Shariah market globally
New index series builds on the success of existing FTSE Shariah equity indices
Index series certified Shariah-compliant by independent consultants, Yassar Limited
Strengthens FTSE's leading position as a developer of innovative, alternatively-weighted indices
FTSE Group ("FTSE"), the global index provider, is pleased to announce the launch of its new FTSE Shariah Developed Minimum Variance Index. The index series aims to deliver reduced index volatility through ethical and financial screening. The methodology for the FTSE Shariah Developed World Index has been designed to target a balanced index risk profile by overweighting stocks that reduce index volatility and underweighting stocks that increase index volatility.
Source: FTSE
