Money-laundering watchdog to set first cryptocurrency rules by June
October 19, 2018--The global watchdog for money laundering will set up its first rules on oversight of cryptocurrencies by June, a major step towards creating international standards for an asset currently subject to patchy regulations
The Paris-based Financial Action Task Force (FATF) said on Friday jurisdictions worldwide will be required to license or regulate cryptocurrency exchanges and some firms providing encrypted wallets, to help stamp out the use of digital money for money laundering, terrorism financing or other crimes.
Source: Reuters
World Gold Council-Investment-Update: IMF report highlights gold's relevance
October 17, 2018--The IMF Global Financial Stability report, released on 10 October, highlighted an increase in the level of risk among multiple global metrics.
Following its publication, stocks in the US, Europe and Asia lost 4%, 3% and 4% respectively over three days. While the market has regained some of its early losses, we believe the report and the subsequent market pullback underline the relevance of holding gold in the near and long term.
Source: World Gold Council
Africa: Ties Between African Countries and China Are Complex. Understanding This Matters
October 15, 2018--The complex relationship between Africa and China has become even more complicated this year. Initially, 2018 was set to reaffirm the bond through the latest Forum on China-Africa Cooperation summit held in Beijing in September.
The summit delivered its usual pageant of African leaders, side deals, and the announcement of a USD$60 billion financing package. The year also saw the recurrence of misgivings about the relationship.
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Source: allafrica.com
Will Vanguard be at the forefront of the next market downturn?
Source: FT.com
ETF industry's growth streak in danger of ending
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Source: FT.com
How millennials and savings apps are making asset managers wake up and smell the coffee
Since then, the 30-year-old Canadian technology entrepreneur who runs WealthSimple has taken a keen interest in managing his personal portfolio of stocks, mutual funds and exchange traded funds.
He recognises, however, that for his generation this is a niche hobby.
Source: FT.com
JPM AM ETFs chief: Industry will hit $30trn by 2030....here's why
That is according to Bryon Lake, head of international ETFs at JP Morgan Asset Management.
Away from mythbusting, Lake said he expects ETF assets globally to grow from $5 trillion today to $30 trillion by 2030. view more
Source: citywireselector.com
IPCC presents findings of the Special Report on Global Warming of 1.5°C at event to discuss Viet Nam's response to climate change
At the dialogue, information on the newly approved Special Report of the IPCC on the impacts of global warming of 1.5°C and related global greenhouse gas emission related pathways, known as Global Warming of 1.5°C, were also shared.
Source: Intergovernmental Panel on Climate Change (IPCC)
Scrapping Libor leaves $500bn of bond contracts in limbo
Source: FT.com
ETFs begin to reshape bond trading
In corporate debt, they do this by buying and selling bonds and creating and cancelling ETF shares to mimic indices like the Markit iBoxx Liquid High Yield Index.
Source: FT.com
October 14, 2018--Last week, as markets nosedived for a few days, Vanguard, the second biggest asset manager in the world (after BlackRock), urged its clients via a tweet: "You know the drill. In the face of market volatility, keep calm and stay the course."
October 14, 2018--Leading providers of exchange traded funds are on track for a disappointing year.
October 14, 2018--Michael Katchen first tasted investing at age 12 when he won a stockpicking contest.
October 12, 2018--There is a whole host of misconceptions surrounding the ETFs industry, including the fact that exchange-traded funds equals passive management.
October 10, 2018--The Ministry of Natural Resources and Environment of Viet Nam (MONRE) in cooperation with the United Nations Development Programme (UNDP) and the Intergovernmental Panel on Climate Change (IPCC) organized a high-level dialogue on Wednesday on climate change, with participation of policymakers and representatives from development partners, the private sector, civil society organizations and media.
October 10, 2018--The documentation for billions of bonds will need rewriting as benchmark ends
October 10, 2018--Asset managers are using exchange traded funds to gain or cut exposure to corporate bonds.
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