Global ETF News Older than One Year
Investor Confidence Rose in January by 6.4 points to 102.1
January 30, 2018--Investor Confidence in Europe Shows Marked Enthusiasm
State Street Global Exchange today released the results of the State Street Investor Confidence Index(R)(ICI) for January 2018.
The Global Investor Confidence Index increased to 102.1, up 6.4 points from December's revised reading of 95.7. Investors across all regions showed an improved appetite for risk, with the European ICI rising by 16.0 points to 113.4, the Asian ICI increasing by 6.1 to 100.8, and the North American ICI increasing by 1.7 points to 97.2.
Source: State Street Corporation
BMO Annual ETF Outlook Report: Global ETF Industry Had Record Breaking Year in 2017
January 30, 2018--Global ETF market hit record high of US$4.6 trillion in AUM
Key trends for 2018: fixed income and thematic investing
Canadian ETF industry expected to reach C$400 billion in AUM by 2023.
BMO Global Asset Management (BMO GAM) today released its annual ETF Outlook Report, which examines the growth of the Exchange Traded Fund (ETF) market in 2017, and highlights the opportunities and challenges for the year ahead.
According to the report, the global ETF market hit a record high of US$4.6 trillion assets under management (AUM) at year-end, which included over US$649 billion in new assets.
The Canadian ETF market, once again, had a record year, with total AUM reaching C$145 billion and inflows of C$26 billion-an increase of 56 per cent from 2016.
The Canadian equity ETF with the most inflows last year was BMO S&P/TSX Capped Composite Index ETF (ticker: ZCN).
The Canadian fixed income ETF with the highest inflows last year was BMO Aggregate Bond Index ETF (ticker: ZAG).
The U.S. ETF market ended the year with US$3.4 trillion in AUM and had US$465 billion in new assets.
The European ETF market had a strong year, with US$762 billion in AUM-a 40 per cent increase from last year-and inflows just over US$102 billion.
The Asia Pacific market had a record-breaking year as well, with inflows of US$61 billion and the total ETF market surpassing US$437 billion.
view the BMO Global Asset Management BMO Global Asset Management ETF Outlook 2018
Source: BMO Financial Group
Not Making A Mint: Bitcoin Dives To Below $10,000; Ethereum, Crypto Stocks Plunge
January 30, 2018--Bitcoin lost nearly a tenth of its value Tuesday, crashing below the $10,000 level amid new regulatory measures in the U.S. and South Korea and sweeping advertising curbs by Facebook (FB).
Other cryptocurrencies and Bitcoin- and blockchain-related stocks tumbled as well. Investors were selling a wide range of financial assets Tuesday, including stocks and commodities.
Source: Investor's Business Daily,
EDHECinfra reveals industry standard for unlisted infrastructure benchmarks
January 30, 2018--Based on preferences expressed by major institutions in a new survey, EDHECinfra is releasing a taxonomy of global indices and sub-indices to structure the infrastructure asset class.
In its effort to create global benchmarks for infrastructure investors, the EDHEC Infrastructure Institute (EDHECinfra) recently surveyed asset owners and managers about how these indices should be structured to best address their asset allocation and performance monitoring needs.
In the largest survey of its kind over 200 major infrastructure investors, including asset owners representing more than 10% of global AUM in 2017 (US$10 trillion), revealed their preferences for the segmentation of unlisted infrastructure. This framework establishes an industry standard for unlisted infrastructure benchmarks.
Source: EDHECinfra
ETFGI reports that assets invested in Active ETFs and ETPs listed globally increased by 57.3% during 2017 to reach a new high of US$75.20 Bn
January 29, 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 increased by 57.3% during 2017 to reach a new high of US$75.20 Bn at the end of December. (All dollar values in USD unless otherwise noted.)
According to ETFGI's December 2017 Global Active ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in Active ETFs/ETPs listed globally grew by a record $27.40 Bn during 2017, over double the previous record of $11.20 Bn set in 2016. The increase of 57.3%, from $47.84 Bn at the end of 2016, also represents the greatest growth in assets since 2009 when markets recovered following the 2008 financial crisis.
Highlights
Assets invested in Active ETFs/ETPs listed globally increased by a record $27.40 billion during the year, to reach a new high of $75.20 Bn.
Source: ETFGI
Is $70 oil the new normal?
January 28, 2018--Surge in oil reflects the strength of the world economy
The global economy is poised to cope well even if oil prices will remain at around $70 per barrel throughout 2018, energy experts said.
Oil hit $71 a barrel on Thursday for the first time since 2014, supported by Opec-led supply curbs. It eased to $70.52 on Friday. view more
Source: Zawya.com
DECPG Global Weekly
January 26, 2018--TAKING STOCK
U.S. GDP growth slowed in Q4; PCE price inflation accelerated
Euro Area composite PMI rose in January; ECB kept interest rates unchanged
Japan flash manufacturing PMI rose in January; central bank kept interest rates on hold.
China's industrial profit growth rose to a 6-year high in 2017
Bank of Ghana and Central Bank of Kenya left their monetary policy stance unchanged in January
U.S. GDP growth slowed in Q4; PCE price inflation accelerated. The first reading of U.S. GDP growth in Q4 came in at 2.6 percent (q/q, saar), less than expected, after reaching 3.2 percent in Q3 and 3.1 percent in Q2. GDP growth in Q4 reflected solid increases in consumer and business investment spending that were partly offset by a decline in net exports, as imports surged. For 2017 as a whole, the U.S. economy grew 2.3 percent (y/y), up from 1.5 percent in 2016.
Source: World Bank
Winthrop Capital Management 2018 Economic & Capital Market Outlook
January 26, 2018--We are at an interesting point in the economic and capital market adventure that has been transpiring for almost ten years. We hesitate to use the word "cycle" because that implies that economic activity, measured by our country's outputs and capital markets, will actually turn down.
It is really more of an economic experiment-one in which the central banks of major developed countries have simultaneously poured money into the global capital markets in an attempt to accelerate economic growth after the desolation of the Financial Crisis in 2008.
We are at the point where the domestic economy is showing real signs of growth in the aggregate. In fact, we are in the midst of a global economic upswing as Japan, Europe and other parts of the world experience rising economic output and asset prices. The S&P 500 increased a solid 22% last year including dividends.
Source: Winthrop Capital Management
IMF Working paper-Lending Standards and Output Growth
January 26, 2018--While some credit booms are followed by economic underperformance, many are not. Can lending standards help separate good credit booms from bad credit booms contemporaneously?
To observe lending standards internationally, I use information from primary debt capital markets.
I construct the high-yield (HY) share of bond issuance for a panel of 38 countries. The HY share is procyclical, suggesting that lending standards in bond markets are extrapolative. Credit booms with deteriorating lending standards (rising HY share) are followed by lower GDP growth in the subsequent three to four years. Such booms deserve attention from policy makers.
Source: IMF
ETFGI reports that assets invested in Smart Beta ETFs and ETPs listed globally increased by 32.3 percent during 2017 to reach 658 billion US dollars
January 26, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in Smart Beta ETFs and ETPs listed globally increased by 32.3% during 2017 to reach a new high of US$658.35 Bn at the end of December. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in Smart Beta ETFs/ETPs listed globally increased by a record $ 160.61 billion during the year, to reach a new high of $658.35 billion
Year-to-date, through end of December 2017, Smart Beta ETFs and ETPs listed globally saw net inflows of $71.75 Bn.
Assets in market cap ETFs increased by 40.3% in 2017 which is significantly more than the 32.3% increase in Smart Beta assets.
Source: ETFGI
