Total virtual currency sales jump in 2018 but monthly trend slows: report
June 4, 2018--Virtual currency sales ballooned to $9.1 billion so far this year, exceeding the $6.6 billion total for all of 2017, a financial technology data provider reported on Monday, but it said the monthly trend actually showed a slowdown if the two biggest offerings are excluded.
Digital technology startups around the world have raised funds by selling cryptocurrencies, or tokens, that sidestep banks or venture capital firms as intermediaries.
ETFGI reports assets invested in the global ETF industry extended lead over hedge fund industry to US$1.70 trillion at the end of Q1 2018
June 1, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in the global ETF/ETP industry extended their lead over assets invested in the global hedge fund industry to US$1.70 trillion at the end of Q1 2018, an increase of 4.91% over the gap at the end of Q4 2017. (All dollar values in USD unless otherwise noted.)
Assets invested in global ETF/ETP industry extend lead over assets in global hedge fund industry to $1.70 Tn at the end of March 2018
Record $4.92 Tn invested in 7,389 ETFs/ETPs listed globally at the end of March 2018
Record $3.22 Tn invested in 8,379 hedge funds globally at the end of March 2018
1.74% growth in assets invested in ETFs/ETPs over Q1 2018 outpaces 0.13% growth in assets in hedge funds over the same period. In contrast, growth over Q1 2017 was 10% and 2%, respectively.
DECPG Global Weekly
June 1, 2018--TAKING STOCK
U.S. Q1 GDP growth revised slightly down; nonfarm job growth strengthened in May; PCE inflation remained steady
U.S. government announced new import tariffs on major trading partners
Euro Area inflation picked up in May; unemployment rate fell in April
China's official manufacturing PMI picked up in May
Financial markets were negatively affected by political uncertainty in Italy
Use of behavioural insights may help educate investors, say IOSCO/OECD
May 31, 2018--Financial regulators, public authorities, and other organisations are increasingly using behavioural insights to educate investors to make more informed financial decisions, according to a report published today by the International Organization of Securities Commissions (IOSCO) and the Organisation for Economic Co-operation and Development's International Network on Financial Education (OECD/INFE).
The accelerated growth of new and innovative technologies, an excessive amount of available financial information, and increasingly sophisticated financial products make it progressively more difficult for retail investors to navigate today's complex financial markets. Although many organisations offer education and financial literacy programs, investors often fail to make rational financial choices because of their own cognitive, social and psychological biases-all of which can act as barriers to sound financial decision making.
Investing in the global green economy: Busting common myths
May 31, 2018--Executive summary
Until now the transition to a sustainable and "green" economy1 has been a loose concept rather than a defined, investable, industrial system. This lack of definition and data has led to the impression that it is of limited size; small cap dominated; lacking diversification and that investors give up performance in exchange for environmental benefits.
However, analysis by FTSE Russell dispels these stereotypes. It finds a large investment opportunity, backed by global efforts to combat climate change and broader environmental challenges. The opportunity is diversified across company size, geography and sector and has delivered outperformance of the global equity market.
Key features of the green economy
Based on FTSE Russell's calculations:
It's substantial: The green economy represents 6% of the market capitalization of global listed companies, approximately US$4 trillion. This represents a significant investment opportunity, approximately the same size as the fossil fuel sector.
It's growing: The green economy proportion of the global market capitalization is growing, while the fossil fuel sector shrinks.
It's diversified: The green economy is diversified by company size. While small and mid cap companies have a greater green exposure and represent a larger number of green companies the market is by no means small and mid cap dominated; large cap companies represent approximately two thirds of green market capitalization.
OECD sees stronger world economy, but risks loom large
May 30, 2018--The global economy is experiencing stronger growth, driven by a rebound in trade, higher investment and buoyant job creation, and supported by very accommodative monetary policy and fiscal easing, according to the OECD's latest Economic Outlook.
The pace of global expansion over the 2018-19 period is expected to hover near 4%, which is close to the long-term average.
However, the Outlook also underlines that significant risks posed by trade tensions, financial market vulnerabilities and rising oil prices loom large, and more needs to be done to secure a strong and resilient medium-term improvement in living standards.
Low, albeit gradually rising interest rates coupled with fiscal easing in many countries will continue underpinning the expansion, which will see moderate rises in both wage growth and inflation. Unemployment in the OECD area is expected to drop to the lowest levels since 1980, but more can be done to bring more people into the workforce.
view the OECD Economic Outlook and Interim Economic Outlook
JPMorgan Dethrones Citigroup to Become Biggest Currency Trader MSCI Weighs Capping India, Brazil Weights Over Investor Access New food index sets roadmap for better health and sustainability; meat and fish companies worth $152 billion labelled 'high risk' Sanderson Farms, third largest poultry producer in the US, also given bottom--tier ranking.
World Economic Forum-It's not about the technology. Faster, better internet needs different financing models Closing that gap is not a matter of technology. The technical solutions are available and time-tested. What's needed to help countries improve their internet infrastructure are new sources of financing and various types of financing models. view the Financing a Forward-Looking Internet for All report
May 30, 2018--JPMorgan rises from second place in Euromoney survey
Citigroup falls to fifth in survey featuring new methodology
JPMorgan Chase & Co won the title of world's largest currency trader by market share, ending Citigroup Inc.'s four-year run at the top, according to a Euromoney Institutional Investor Plc survey that featured a new methodology.P>view more/a>
May 30, 2018--Korea and Turkey may also be hit, a client presentation shows
MSCI will consult its clients with results due by Dec. 31
MSCI Inc., one of the world's biggest index compilers, is placing emerging markets including India and Brazil on notice for limiting investor access
The two countries, along with Turkey and South Korea, are "potential future examples" of markets whose weights could be capped on MSCI indexes, the New York-based company said in a presentation on its website Wednesday.
May 30, 2018--New index, backed by $5.9 trillion investor network, analyses 60 global intensive farming companies on health, environmental and social issues
60% of meat and fish companies in the Index-36 large companies worth $152 billion-are categorized as 'high risk' by research aimed at world's largest investors.
Major suppliers to McDonalds and KFC, including Chinese firm Fujian Sunner and Indian firm Venky’s, among those graded 'high risk'.
Sector is creating a health risk by not responding to antibiotics crisis: 77% of sector (46 companies worth $239bn) rank 'high risk' on antibiotics stewardship, with little or no measures in place to reduce excessive use of antibiotics-despite emerging regulation on issue.
Index also highlights global best practices in areas such as greenhouse gas emissions and alternative proteins. Norwegian firm Marine Harvest is top ranked company, with Europe-based aquaculture producers leading the sector on sustainability.
May 30, 2018--Best-connected users have 200 times greater internet capacity than do users in parts of Africa and Asia. By 2040, closing the connectivity gap will require a $1 trillion investment
There is a disconnect between the exponential growth of internet use, infrastructure demands of next-generation technologies and current financing models
New World Economic Forum report highlights latest findings of Internet for All project.
To connect the as yet unconnected around the world to the internet is only a first step towards ensuring that all societies participate in an increasingly digital world economy. Best-connected users benefit from internet capacity that is 200 times greater than that of the worst-connected in parts of Africa and Asia. Those left behind will not benefit from many of the productivity innovations brought by the Fourth Industrial Revolution.