Global ETF News Older than One Year
Prolonged low interest rates could affect financial stability, central banks find
July 5, 2018-- Low market interest rates for a long time could have implications for financial stability as well as for the health of individual financial institutions, a report by the Committee on the Global Financial System finds.
Financial stability implications of a prolonged period of low interest rates identifies channels through which a "low-for-long" interest rate scenario might affect the health of banks, insurance companies and private pension funds
This scenario would be harder on insurers and pension funds than on banks. Even though the CGFS analysis did not show that measures of firms' financial soundness dropped significantly, prolonged low rates could still involve material risks to financial stability. In particular, a "snapback", involving an unexpected sudden increase in market rates from currently low levels, could affect banks' solvency and create liquidity issues for insurers and pension funds.
This was over 10 times the net inflows gathered during April. (All dollar values in USD unless otherwise noted.)
Highlights
Source: ETFGI
ETFGI reports assets invested in active ETFs and ETPs listed globally reach record high of US$90.1 billion at the end of May 2018
Highlights
Source: ETFGI
America's wealthy are moving to cash as market enthusiasm hits a wall
These investors may be amassing dry powder for better opportunities to buy into the market.
Source: CNBC.com
World Economic Outlook Update, July 2018-Less Even Expansion, Rising Trade Tensions
Growth projections have been revised down for the euro area, Japan, and the United Kingdom, reflecting negative surprises to activity in early 2018. Among emerging market and developing economies, growth prospects are also becoming more uneven, amid rising oil prices, higher yields in the United States, escalating trade tensions, and market pressures on the currencies of some economies with weaker fundamentals. Growth projections have been revised down for Argentina, Brazil, and India, while the outlook for some oil exporters has strengthened.
The balance of risks has shifted further to the downside, including in the short term. The recently announced and anticipated tariff increases by the United States and retaliatory measures by trading partners have increased the likelihood of escalating and sustained trade actions. view the IMF World Economic Outlook Update, July 2018-Less Even Expansion, Rising Trade Tensions
Source: IMF
DECPG Global Weekly-June 29, 2018
EMDE assets remained under pressure
Oil prices moved higher U.S. GDP growth in 2018Q1 was revised down slightly; PCE inflation firmed in May; consumer confidence dipped in June. The final reading of U.S. GDP growth in 2018Q1 came in at 2 percent (q/q, saar), below the previous estimate of 2.2 percent and the 2.9 percent growth recorded in 2017Q4. The slight downward revision mainly reflected a steeper-than-previously estimated slowdown in consumer spending.
Source: World Bank
Renaissance Capital Most Active IPO Market in Three Years
Technology stole the show, averaging a stellar 61% average return, and boosting the quarterly average gain to 29%. Spotify's successful direct listing in April paved the way for a stampede of unicorns, but there were no indications that its untraditional listing process was going to find imitators. Venture capital-backed growth names like DocuSign and Pluralsight were joined by several large tech companies with private equity backing. By far the quarter's largest IPO came from insurance spin-off AXA Equitable, which raised $2.7 billion.
Source: Renaissance Capital
World Economic Forum-Financial Institutions Pressed to Support Businesses Tackling Deforestation as Governments Worldwide Tighten Land-Use Policies
The Roadmap to Financing Deforestation-Free Commodities report shows how financial institutions must adapt to a changing regulatory and market landscape post-Paris Agreement. view the World Economic Forum The Roadmap to Financing Deforestation-Free Commodities report
Source: World Economic Forum (WEF)
Currency hedged ETFs/ETPs listed globally gathered US$3.13 billion in net inflows during May.
Year-to-date, assets invested in currency hedged ETFs/ETPs increased by 0.01%.
July 2, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in active ETFs and ETPs listed globally reached a record high of US$90.1 Bn at the end of May 2018; representing an increase in assets of US$4.04 Bn from the previous record of US$86.1 Bn set at the end of April 2018. (All dollar values in USD unless otherwise noted.)
Assets invested in actively-managed ETFs/ETPs listed globally increased by $4.04 Bn during May to reach a record $90.1 Bn.
In May 2018, actively-managed ETFs/ETPs listed globally saw net inflows of $3.20 Bn.
Active fixed income ETFs gathered the largest inflows in May, with net new assets of $1.83 Bn during the month, more than half of all active inflows.
July 2, 2018--A CNBC survey finds that millionaires are more likely to increase cash and bonds than stocks in the next year.
Wealthy investors age 55 and under, as well as investors with $5 million or more, are the most likely groups to be pulling back on U.S. stocks.
July 2, 2018--Global growth is projected to reach 3.9 percent in 2018 and 2019, in line with the forecast of the April 2018 World Economic Outlook (WEO), but the expansion is becoming less even, and risks to the outlook are mounting. The rate of expansion appears to have peaked in some major economies and growth has become less synchronized. In the United States, near-term momentum is strengthening in line with the April WEO forecast, and the US dollar has appreciated by around 5 percent in recent weeks.
June 29, 2018--TAKING STOCK
U.S. GDP growth in 2018Q1 was revised down slightly; PCE inflation firmed in May; consumer confidence dipped in June
Euro Area headline inflation picked up in June
Japan's unemployment rate fell to record low in May; retail sales growth slowed
June 28, 2018--More companies went public in the 2Q18 than any quarter in three years, with 60 IPOs raising $13.1 billion. Quarterly proceeds exceeded every quarter during 2015-2017. Small-cap health care companies, mostly biotechs, made up over 40% of all IPOs.
June 28, 2018--Banks, lenders and investors in a $941 billion industry risk exposure from commodities linked to illegal or unsustainable deforestation-a major cause of climate change
New report urges financial institutions to support efforts to remove deforestation from value chains as business and governments tighten policies on agriculture and land-use.
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