Global ETF News Older than One Year


Basel Committee reports on Basel III implementation progress

May 7, 2019--The Basel Committee on Banking Supervision today issued the Sixteenth progress report on adoption of the Basel regulatory framework. As noted by the Group of Central Bank Governors and Heads of Supervision (GHOS), the Committee's oversight body, its members expect full, timely and consistent implementation of the finalised Basel III reforms by member jurisdictions.

The progess report sets out the adoption status of Basel III standards for each Committee member jurisdiction as of end-March 2019. It includes the Basel III post-crisis reforms published by the Committee in December 2017 and the finalised market risk framework published in January 2019. These reforms will take effect from 1 January 2022.

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view the BIS Sixteenth progress report on adoption of the Basel regulatory framework report

Source: BIS


IMF Working Paper-Discriminatory Pricing of Over-the-Counter Derivatives

May 7, 2019--Summary:
New regulatory data reveal extensive price discrimination against non-financial clients in the FX derivatives market. The client at the 90th percentile pays an effective spread of 0.5%, while the bottom quarter incur transaction costs of less than 0.02%.

Consistent with models of search frictions in over-the-counter markets, dealers charge higher spreads to less sophisticated clients. However, price discrimination is eliminated when clients trade through multi-dealer request-for-quote platforms. We also document that dealers extract rents from captive clients and market opacity, but only for contracts negotiated bilaterally with unsophisticated clients.

view IMF Working Paper-Discriminatory Pricing of Over-the-Counter Derivatives

Source: IMF


Growth and economic well-being: fourth quarter 2018, OECD

May 7, 2019--OECD household income growth picks up in the fourth quarter of 2018, outpacing GDP growth
Growth in real household income per capita, which provides a better picture of changes in households' economic well-being than real GDP growth per capita, picked up to 0.5% in the OECD area in the fourth quarter of 2018, compared with 0.1% in the third quarter of 2018, outpacing real GDP growth per capita, which stood at 0.2% in the fourth quarter.

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Source: OECD


World Gold Council-Global gold-backed ETF holdings fell 2% in April, resulting in net 2019 outflows to date

May 7, 2019--In April, holdings in global gold-backed ETFs and similar products fell across all regions by 57 tonnes(t) to 2,424t, equivalent to US$2.2bn in outflows. Global assets under management (AUM) in US dollars fell by 3% to US$100bn, as the price of gold of gold fell 1% during the month. Global gold-backed ETFs have now lost assets of US$377mn, 0.4% AUM on the year, reversing January's strong start.

Regional fund flows
North American funds saw outflows of 46t (US$1.9bn, 3.7% AUM)**

Holdings in European funds fell by 8t (US$257mn, 0.6%)
Funds listed in Asia decreased by 2.5t (US$114mn, 4%)
Other regions saw outflows of 0.4t (US$16mn, 1.3%).

Individual fund flows
In North America, SPDR(R) Gold Shares lost 38t (US$1.6bn, 5%) and iShares Gold Trust lost 6t (US$252mn, 2%), the lion's share of the region's outflows
iShares Physical Gold and ETFS Physical Gold in the UK each lost ˜6t, collectively losing around US$500mn

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Source: World Gold Council


Wahed Becomes the First Globally-Accessible Halal Robo-Advisor

May 7, 2019--Wahed Inc. ("Wahed"), the parent company of Wahed Invest LLC, the first halal robo advisor in the United States, today announces it is expanding its operations globally.

The platform, which was previously available only to US and UK communities, now provides access to Islamic value-based investing to residents of over 130 countries including key markets across Nigeria, India, Pakistan and the MENA region.

Wahed looks to change how the Muslim community participates in global financial markets by making investing accessible and ethically compliant for the 1.8 billion Muslims globally.

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Source: Wahed Inc.


IMF Working Paper-Inefficient Fire-Sales in Decentralized Asset Markets

May 6, 2019--Summary:
Classic models of fire-sales that emphasize liquidity-constrained natural buyers can-not fully account for the asset fire-sales during the Financial Crisis of 2008. I present a model to demonstrate that fire-sales may happen even when there is a sizable pool of natural buyers and in the absence of asymmetric information, due to a coordination failure among buyers.

In particular, I show that when trade is decentralized and participation is endogenous, constrained asset demand and liquidity needs that are ex-pected to increase over time create complementarity among buyers' decisions to wait. This complementarity makes competitive markets prone to coordination failures and fire-sales which may be inefficient. I also discuss various policy options to eliminate the risk of fire-sales in such a setup.

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Source: FTSE Russell


Who to Sue When a Robot Loses Your Fortune

May 5, 2019--The first known case of humans going to court over investment losses triggered by autonomous machines will test the limits of liability. Robots are getting more humanoid every day, but they still can't be sued.

So a Hong Kong tycoon is doing the next best thing. He's going after the salesman who persuaded him to entrust a chunk of his fortune to the supercomputer whose trades cost him more than $20 million.

The case pits Samathur Li Kin-kan, whose father is a major investor in Shaftesbury Plc, which owns much of London's Chinatown, Covent Garden and Carnaby Street, against Raffaele Costa, who has spent much of his career selling investment funds for the likes of Man Group Plc and GLG Partners Inc. It's the first-known instance of humans going to court over investment losses triggered by autonomous machines and throws the spotlight on the "black box" problem: If people don't know how the computer is making decisions, who's responsible when things go wrong?

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Source: Bloomberg


Accounting body proposes temporary relief during Libor phase out

May 3, 2019--A global accounting standard setter has proposed a fast-track temporary fix to help banks and businesses manage Libor-based contracts worth $400 trillion during the transition to alternative interest rate benchmarks.

Regulators have set a December 2021 deadline for effectively ending the use of the London Interbank Offered Rate after banks were fined billions of dollars for trying to rig the benchmark.

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Source: Reuters


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Americas


April 25, 2025 Tradr Launches Leveraged ETFs on APP and QBTS
April 25, 2025 Exchange Traded Concepts to Close and Liquidate The Range Global LNG Ecosystem Index ETF (NYSE: LNGZ)
April 25, 2025 Roundhill Announces Name Change for Roundhill Small Cap 0DTE Covered Call Strategy ETF (RDTE)
April 25, 2025 Financial Stability Report
April 25, 2025 Tidal ETF Trust files with the SEC-RPAR Risk Parity ETF and UPAR Ultra Risk Parity ETF

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Europe ETF News


April 24, 2025 ESMA assesses the risks posed by the use of leverage in the fund sector
April 23, 2025 Europe and Central Asia: Accelerate Growth through Entrepreneurship, Technology Adoption, and Innovation
April 23, 2025 ETF and ETP listings on 23 April 2025: new on Xetra and Boerse Frankfurt
April 17, 2025 ETF and ETP listings on 17 April 2025: new on Xetra and Borse Frankfurt
April 16, 2025 ETF and ETP listings on 16 April 2025: new on Xetra and Borse Frankfurt

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Asia ETF News


April 24, 2025 Asia Can Boost Economic Resilience Amid Surging Trade Tensions
April 24, 2025 Low-Cost ETFs and Long-Term Capital Funds Drive High-Dividend Strategies in A-Share Market
April 23, 2025 South Asia's Growth Prospects Dimming Amid Global Uncertainty
April 22, 2025 KB Asset Management to Launch KB RISE US Natural Gas Value Chain ETF Tracking the Solactive US Natural Gas Value Chain Index
April 11, 2025 Indxx Licenses India Digital Select 5 NTR Index & India Large-Cap Growth Select 5 NTR Index to KB Securities in Korea

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Middle East ETP News


April 23, 2025 Growth in the Middle East and North Africa Forecast to Moderately Accelerate in 2025 Amidst Uncertainty
April 10, 2025 GCC on track to see an uptick in local currency sukuk

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Africa ETF News


April 23, 2025 Economic Growth is Speeding Up in Africa, but Uncertainty Clouds Outlook
April 09, 2025 Africa's Opportunity in a Fragmenting Global Economy
April 03, 2025 Nigeria: Investors Lose N91bn As Nigerian Exchange Opens Bearish
March 30, 2025 Africa's Debt Crisis Under-Reported-AFRODAD
March 27, 2025 Africa's Digital Payments Economy to Reach $1.5trn By 2030-Report

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ESG and Of Interest News


April 22, 2025 Charted: Countries Accumulating the Most AI Patents
April 15, 2025 State of the Global Climate 2024
March 31, 2025 OECD urges strengthened co-operation to sustain trillion-dollar ocean economy
March 30, 2025 Africa: Fast Fashion Fuelling Global Waste Crisis, UN Chief Warns
March 26, 2025 'Renewables are renewing economies', UN chief tells top climate forum

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White Papers


April 22, 2025 Langham Hall -Trends in venture capital fund terms report
April 11, 2025 IMF Working Papers-Inflation Targeting and the Legacy of High Inflation
April 11, 2025 Navigating Trade-Offs between Price and Financial Stability in Times of High Inflation
April 11, 2025 IMF Working Papers-The Global Impact of AI: Mind the Gap
March 21, 2025 Could Digital Currencies Lead to the Disappearance of Cash from the Market?

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