Global ETF News Older than One Year


Bank Profitability: Consider the Source

April 30, 2019--The global financial crisis of 2007–2009 and the ensuing period of low interest rates have renewed interest among policy makers in the relationship between bank profitability and financial stability. Despite the subsequent recovery, the return on equity of many banks remains below the cost of equity.

Market valuations remain below the balance sheet value of banks, indicating the market's assessment of banks' ability to overcome profitability challenges is not optimistic.

In a recent IMF Working Paper, we look into how bank profitability affects financial stability from both theoretical and empirical perspectives. We developed a theoretical model of the relationship between bank profitability and financial stability by exploring the role of non-interest income and retail-oriented business models. We then analyzed data from 431 publicly traded banks to examine the determinants of bank risks and profitability, and how the level and the source of bank profitability affect risks. In this regard, we analyzed not only the link between the level of bank profitability and financial stability, but also the deeper question of how the source of bank profitability affects financial stability.

view more

Source: IMF


IMF Working Paper-The Global Economic Recovery 10 Years After the 2008 Financial Crisis

April 26, 2019--Summary:
This paper takes stock of the global economic recovery a decade after the 2008 financial crisis. Output losses after the crisis appear to be persistent, irrespective of whether a country suffered a banking crisis in 2007-08.

Sluggish investment was a key channel through which these losses registered, accompanied by long-lasting capital and total factor productivity shortfalls relative to precrisis trends. Policy choices preceding the crisis and in its immediate aftermath influenced postcrisis variation in output.

Underscoring the importance of macroprudential policies and effective supervision, countries with greater financial vulnerabilities in the precrisis years suffered larger output losses after the crisis. Countries with stronger precrisis fiscal positions and those with more flexible exchange rate regimes experienced smaller losses. Unprecedented and exceptional policy actions taken after the crisis helped mitigate countries' postcrisis output losses.

view the IMF Working Paper-The Global Economic Recovery 10 Years After the 2008 Financial Crisis

Source: IMF


IMF Working Paper-Global Declining Competition

April 26, 2019--Summary:
Using a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm markups during 2000-2015.

Second, the markup increase is driven by already high-markup firms (top decile of the markup distribution) that charge increasing markups. Third, markups increased mostly among advanced economies but not in emerging markets. Fourth, there is a non-monotonic relation between firm size and markups that is first decreasing and then increasing. Finally, the increase is mostly driven by increases within incumbents and also by market share reallocation towards high-markup entrants.

view the IMF Working Paper-Global Declining Competition

Source: IMF


Flow Traders releases March 2019 ETP market stistics

April 24, 2019--Flow Traders N.V. ("Flow Traders") (Euronext: FLOW), today releases the monthly ETP (Exchange Traded Products) market statistics for March 2019. This refers to general market observations only.

view more

Source: Flow Traders


Oil prices to be lower in 2019 on slower-than-expected global growth, rising non-OPEC supply

April 23, 2019--Metal, agriculture prices to stage partial recovery, momentum to pick up in 2020
Crude oil prices are expected to average $66 a barrel in 2019 and $65 a barrel in 2020, a downward revision from the October forecast due to the weaker-than-expected global growth outlook and greater-than-anticipated U.S. production, the World Bank said.

Metal prices are expected to continue a recovery in 2019 that follows a sharp drop in the second half of 2018, the World Bank said in its April Commodity Markets Outlook. The recovery has been spurred by stabilization of activity in China after weakness around the turn of the year, as well as various supply shortfalls. view more

view the World Bank April Commodity Markets Outlook

Source: World Bank


Did ETFs have a bad first quarter 2019?

April 23, 2019--Following the trade press in Germany and other European countries, I was quite surprised when I read the headline that net sales in ETFs were down dramatically over the course of the first quarter of 2019.

By reading the article, I found out that the numbers the respective analyst was looking at were a comparison of the global ETF flows within the first quarter of 2018 and the first quarter of 2019.

Even as the statement of the analyst could be judged generally correct by looking at the numbers, one shouldn't make these comparisons to simplify or overvalue the findings, since the markets do not think in quarters and, therefore, pay no attention to comparisons like the one above. Even as such a comparison takes into account that the different quarters of a year show different flow patterns.

view more

Source: Refinitiv


Exchange-traded bond funds crash through $1tn in assets

April 23, 2019--The amount of assets held in exchange-traded bond funds has pushed past $1tn, capping a near fivefold increase since the financial crisis, and underscoring a radical reshaping of the world's debt markets.

view more

Source: FT.com


Bonds to Save the Planet

April 23, 2019--Eco-friendly fixed-income funds can help create a stronger market for securities that back environmental projects.
Green bonds could be a key tool to finance the fight against climate change. But good luck getting your hands on one, or figuring out exactly what it's worth.

The securities are just like regular bonds, except their proceeds are earmarked to fund projects that have positive benefits for the environment or climate. Countries including Poland and France have issued them to support renewable energy. Companies may use bond proceeds on projects that reduce emissions or enable funding for electric vehicles.

view more

Source: Bloomberg


IEA statement on global oil markets

April 23, 2019--The International Energy Agency is monitoring developments in global oil markets, and notes that markets are now adequately supplied, and that global spare production capacity remains at comfortable levels.

Further tightening of sanctions on Iran will have an impact on its export capacity. Iranian shipments of crude and condensates are running around 1.1 million barrels a day (mb/d) in April, 300 000 barrels a day lower than March, and 1.7 mb/d lower than May 2018.

As a result of OPEC's high compliance rate with the agreed supply cuts in the OPEC+ group, global spare production capacity has risen to 3.3 mb/d, with 2.2 mb/d held by Saudi Arabia and around 1 mb/d by the United Arab Emirates, Iraq and Kuwait.

view more

Source: IEA (International Energy Agency)


First Bridge Data-ETF Worldwide Snapshot-Apr 2019

April 22, 2019--In the latest monthly report:
On April 8, 2019 the US SEC issued a notice that it intends to approve the application from Precidian Funds to launch non-transparent actively managed ETFs.

This is a significant industry development since ETFs listed in the US have always had to disclose their holdings daily.
Global ETF assets increased by 1.5% in March 2019 to $5.5T There were 19 new ETF listings in the US and 105 outside the US (including crosslistings) in March 2019.

China ‘A share’ small caps, marijuana and semiconductor stocks were among the best performing ETF categories this year through April 18, 2019. VIX, shipping and wheat futures were among the worst performing categories in the same time period. view more

Source: First Bridge


If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.

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

read more news


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

read more news


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

read more news


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

read more news


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

read more news


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

read more news


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?

view more white papers