Global ETF News Older than One Year
Firms see risks on the horizon as LIBOR disappears
May 16, 2019--LIBOR and other interbank rates will disappear in 2021
Banks and other financial firms are bracing for a host of risks that may accompany the move away from interbank offered rates (IBORs), such as the London IBOR, to alternative financial benchmarks, Moody’s Investors Service reports.
The rating agency says that financial firms are expecting financial, operational, legal, regulatory and technological risks when the IBORs are replaced in 2021.
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Source: investmentexecutive.com
BetaShares-Global ETF Review Q1 2019: Fixated on Fixed Income
Within equities, North American exposures topped the charts, while, at a sector level, it was real estate that grew strongly as investors sought out high yield sectors to combat the lack of rate increases by the Fed. Financials and Technology ETFs were sold off, the first due to increased earnings pressure in the Banking industry and the latter due to profit taking as technology markets continued to rally.
The global ETF industry ended the first quarter of 2019 at a record high of US$5.4 trillion in assets under management (AUM), posting a strong quarterly growth rate of 12%.
Source: BetaShares
Oil Market Report: Markets remaining calm
At the time of writing, there is no disruption to oil supplies and prices are little changed. The IEA is monitoring the situation, particularly in view of the proximity of Fujairah to the strategically vital Strait of Hormuz. We are also monitoring the impact of the contamination of Russian crude oil passing through the 1.4 mb/d Druzhba pipeline system. The issue will be resolved in due course, eased by commercial and government stock draws by Russia’s customers. One consequence could be a loss of confidence in the quality of the crude flows and thus a search, where feasible, for alternative supplies that could intensify price pressures for heavy/medium sour crude oil.
Source: International Energy Agency
Nasdaq Launches Global Environmental, Social and Governance (ESG) Reporting Guide for Companies
The 2019 ESG Reporting Guide includes the latest third-party reporting methodologies widely adopted by the industry, and aims to help companies navigate the evolving standards on ESG data disclosure, regardless of geography or market capitalization.
"ESG data points have become essential tools, not only for investors seeking performance indicators, but also for companies trying to increase operational efficiency, decrease resource dependency, and attract a new generation of empowered workers," said Nelson Griggs, President of the Nasdaq Stock Exchange.
Source: Nasdaq
Bitcoin vaults above $7 000 level as crypto rally gathers steam
Source: FIN24
MSCI adds Saudi Arabia, Argentina indexes to emerging markets index
MSCI said 30 Saudi Arabian securities would be added, representing an aggregate weight of 1.42% in the MSCI Emerging Markets Index, while eight Argentinian securities would be added at an aggregate weight of 0.26% in the MSCI Emerging Markets Index. All changes will be implemented as of the close of May 28.
Source: Zawya.com
Composite Leading Indicators (CLI), OECD, May 2019-CLIs continue to point to easing growth momentum in most major economies
On the other hand, the CLI for France now anticipates stable growth momentum, driven by improvements in consumer confidence, car registrations and share prices.
Among major emerging economies, stable growth momentum is now the assessment for the industrial sector in China, reflecting more positive signals from the chemicals and construction sectors and from share prices, and remains the assessment for India, with similar signs emerging in Russia. In Brazil, the CLI continues to point to growth gaining momentum.
Source: OECD
MSCI adds Saudi Arabia, Argentina indexes to emerging markets index
MSCI said 30 Saudi Arabian securities would be added, representing an aggregate weight of 1.42% in the MSCI Emerging Markets Index, while eight Argentinian securities would be added at an aggregate weight of 0.26% in the MSCI Emerging Markets Index. All changes will be implemented as of the close of May 28.
Source: Reuters
MSCI Equity Indexes May 2019 Index Review
All changes will be implemented as of the close of May 28, 2019. These changes have been posted on the Index Review web page on MSCI's web site...
Source: MSCI Inc.
IMF Working Papers The Motives to Borrow
Bad reasons for borrowing are driven by political failures associated with intergenerational transfers, strategic manipulation, and common pool problems. These political failures are a major cause of overborrowing though budgetary institutions and fiscal rules can play a role in mitigating governments' tendencies to overborrow. While it is difficult to establish a clear causal link from high public debt to low output growth, it is likely that some countries pay a price—in terms of lower growth and greater output volatility—for excessive debt accumulation. view the IMF Working Papers The Motives to Borrow
Source: IMF
May 15, 2019--The first quarter of 2019 saw investors continue to preference investing via the ETF structure compared to traditional mutual funds, which continued to sustain net outflows. Fixed income was most definitely the flavour of the quarter, as investors moved to a decidedly risk-off position in their portfolios.
May 15, 2019--The theme we identified in last month's Report of "mixed signals" is appropriate again this month, with geopolitics and industry disruptions confusing the supply outlook, and the first change to our 2019 demand outlook for several months. The ongoing geopolitical supply concerns around Libya, Iran, and Venezuela have been joined in the past few days by the attacks on shipping off Fujairah and on two pumping stations in Saudi Arabia.
May 15, 2019--asdaq (Nasdaq: NDAQ) today announced the launch of its new global environmental, social and governance (ESG) reporting guide to support public and private companies.
May 13, 2019--Bitcoin jumped above $7 000 and didn't look back, as its longest winning streak since 2013 continued to rekindle the global cryptocurrency market.
May 13, 2019--MSCI Inc, the world's largest index provider, said on Monday it would include the MSCI Saudi Arabia and MSCI Argentina indexes in its closely watched and widely duplicated emerging-markets index, in a move that could draw billions of dollars into the stocks.
May 13, 2019--Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend six to nine months ahead, continue to point to easing growth momentum in most major economies.
Easing growth momentum remains the assessment for the United States, Japan, Canada, the United Kingdom and the euro area as a whole, including Germany and Italy.
May 13, 2019--MSCI Inc, the world's largest index provider, said on Monday it would include the MSCI Saudi Arabia and MSCI Argentina indexes in its closely watched and widely duplicated emerging-markets index, in a move that could draw billions of dollars into the stocks.
May 13, 2019--MSCI Inc., a leading provider of research-based indexes and analytics, announced the results of the May 2019 Semi-Annual Index Review for the MSCI Equity Indexes-including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI Pan-Euro and MSCI Euro Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Indexes, MSCI China A Onshore Indexes and the MSCI China All Shares Indexes.
May 10, 2019--Summary
Governments issue debt for good and bad reasons. While the good reasons-intertemporal tax-smoothing, fiscal stimulus, and asset management-can explain some of the increases in public debt in recent years, they cannot account for all of the observed changes.
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