Global ETF News Older than One Year
IEA Oil Market Report -August 2023-World oil demand scaling record highs as supply plunges in July
August 8, 2023--World oil demand is scaling record highs, boosted by strong summer air travel, increased oil use in power generation and surging Chinese petrochemical activity. Global oil demand is set to expand by 2.2 mb/d to 102.2 mb/d in 2023, with China accounting for more than 70% of growth.
With the post-pandemic rebound running out of steam, and as lacklustre economic conditions, tighter efficiency standards and new electric vehicles weigh on use, growth is forecast to slow to 1 mb/d in 2024.
Global oil supply plunged by 910 kb/d to 100.9 mb/d in July. A sharp reduction in Saudi production in July saw output from the OPEC+ bloc fall 1.2 mb/d to 50.7 mb/d, while non-OPEC+ volumes rose 310 kb/d to 50.2 mb/d. Global oil output is projected to expand by 1.5 mb/d to a record 101.5 mb/d in 2023, with the US driving non-OPEC+ gains of 1.9 mb/d. Next year, non-OPEC+ supply is also set to dominate world supply growth, up 1.3 mb/d while OPEC+ could add just 160 kb/d.
Source: IEA (International Energy Agency)
Worldwide Digital Asset Based Exchange Traded Products AUM Grew 70% YTD
August 8, 2023--Fineqia International Inc. (the "Company" or "Fineqia"), a leading digital asset and fintech investment business, announces that its analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral, revealed a 70% growth in total Assets Under Management (AUM) in the year-to-date (YTD) period amid renewed interest by investors.
The AUM at the end of July was $34 billion compared with $20 billion on Jan. 1 this year. This 70% YTD increase in AUM was a 47.2% premium to the 47.7% rise in the underlying value of digital assets. On a monthly basis, total crypto AUM in July decreased 3.9% to $34 billion from $35.1 billion. During the same time, the overall value of crypto assets fell 1.5%, to about $1.17 trillion from $1.20 trillion.
Source: Fineqia International Inc
IMF-Predicting Financial Crises: The Role of Asset Prices
August 4, 2023--Summary:
We explore the early warning properties of a composite indicator which summarizes signals from a range of asset price growth and asset price volatility indicators to capture mispricing of risk in asset markets. Using a quarterly panel of 108 advanced and emerging economies over 1995-2017, we show that the combination of rapid asset price growth and low asset price volatility is a good predictor of future financial crises.
Elevated levels of our indicator significantly increase the probability of entering a crisis within the next three years relative to normal times when the indicator is not elevated. The indicator outperforms credit-based early warning metrics, a result robust to prediction horizons, methodological choices, and income groups. Our results are consistent with the idea that measures based on asset prices can offer critical information about systemic risk levels to policymakers.
Source: imf.org
This is the state of food security in 2023
August 2, 2023-- Compounding crises are threatening to delay the goal of eradicating world hunger by 2030.
A new United Nations report found that the number of people facing hunger has increased since 2019.
Here's why more people are hungry now than before the pandemic, and how initiatives by the UN and the World Economic Forum initiatives seek to reverse the trend.
The global pandemic, coupled with conflict and climate crisis-related weather patterns has delayed the goal of eradicating world hunger by 2030.
A new report by the United Nations (UN) has shed light on an increase in the number of people facing hunger in recent years. According to the State of Food Security and Nutrition in the World (SOFI) report, an additional 122 million people have been pushed into hunger since 2019.
Source: WEF (World Economic Forum)
Crypto Asset Management Market to Reach USD 10.91 Billion by 2032; Increasing Demand for Crypto Assets as a Financial Instrument to Propel Growth: The Brainy Insights
August 2, 2023--The market will experience rapid growth due to the legalization of crypto assets in several nations during the forecast period. Also, the increasing number of individual investors exploring crypto assets will augment the market growth. North America region emerged as the most significant global crypto asset management market, with a 39% market revenue share in 2022.
The Brainy Insights estimates that the USD 1 billion in 2022 global crypto asset management market will reach USD 10.91 billion in 2032. The crypto assets market is worth a billion as of 2022. Bitcoin is the most popular cryptocurrency as of now. Several other crypto assets have also been introduced in the market, some backed by government institutions. The younger generation with a higher risk appetite is willing to invest in crypto assets rather than traditional banking instruments. The crypto asset management services will witness increased demand as they offer convenient, expert and timely advice and means for consumers to transact their crypto assets.
Source: The Brainy Insights
Has the bond ETF boom helped nurture the private credit frenzy?
August 1, 2023--Barclays thinks so
A lot of people viscerally hate the idea of fixed income ETFs, but despite the recent choppiness in bond markets ETFs keep going, growing and altering the nature of the underlying market.
The rising popularity of corporate bond ETFs-and the portfolio trading that they help enable -makes it easier for investors to manage portfolios, lowers trading costs and increases liquidity, according to a new Barclays report.
This has major implications. Barclays argues that ETFs have dramatically lowered the "liquidity risk premium"- the extra returns that investors demand to compensate for owning less-liquid securities- and led to lower yields across the entire market for US junk bonds.
Source: ft.com
WTO issues 2023 edition of the World Trade Statistical Review
July 31, 2023--The WTO issued today (31 July) the latest edition of the World Trade Statistical Review, its annual flagship publication featuring key data on global trade in merchandise and commercial services.
The World Trade Statistical Review 2023 presents recent trends in international trade at a time of geopolitical and macroeconomic strains and technological challenges affecting the global economy and supply chains.
The data cover merchandise and services trade broken down by geographical origin, main product groups and sectors, along with related data on key economic developments such as GDP growth, commodity prices, and exchange rate fluctuations.
Source: WTO (World Trade Organization)
WTO-New publication sets out common framework for measuring digital trade
July 28, 2023--A new edition of the Handbook on Measuring Digital Trade issued today (28 July) provides a framework and practical guidance on how to measure digital trade.
Building upon the first edition issued in 2019, the Handbook aims to address the challenges inherent in measuring digital trade and to establish consistent practices that will allow for comparable data across countries. The publication is jointly authored by the WTO, the International Monetary Fund, the Organisation for Economic Cooperation and Development and the United Nations Conference on Trade and Development.
Source: WTO (World Trade Organization)
Global benchmark launches to define what 'high quality' carbon credits are
July 28, 2023--Approved high-quality carbon credits will be available to buyers by the end of the year, according to the Integrity Council for the Voluntary Carbon Market.
A new benchmark has launched to bring more clarity to the definition of a high-quality carbon credit, which companies are increasingly using to offset their climate impact.
On Thursday (28 July), the Integrity Council for the Voluntary Carbon Market (ICVCM), a governance body for the voluntary carbon market, released a global benchmark for high-integrity carbon credits, with the aim of bringing more transparency to how carbon offsetting contributes to global climate goals.
Source: eco-business.com
Inflation Remains Risk Confronting Financial Markets
July 27, 2023--Central banks may keep interest rates higher for longer than currently priced; given investors' benign inflation outlook and growing expectations for a soft landing, this could increase financial stability risks and weigh on growth
Overall inflation has moderated meaningfully in recent months in the United States and euro area, as energy and food prices have fallen significantly. Year-on-year headline inflation is now around 3 percent in the United States and below 5.5 percent in the euro area.
However, core inflation, excluding food and energy prices, has declined more slowly. Services inflation has proven to be particularly sticky.
According to market pricing, investors expect headline inflation to continue to decline quite rapidly in coming quarters. However, some market participants still see upside risks to the inflation outlook, likely reflecting recent stickiness in core inflation. Indeed, pricing from inflation options-financial instruments that offer protection against inflation moving higher or lower than its current level-shows that such upside risk is particularly pronounced in Europe, where investors assign roughly similar odds to inflation returning to the European Central Bank's 2 percent target and inflation remaining around 4 percent. In the United States, investors appear to put high odds on inflation being above target at around 3 percent.
Source: imf.org
