Bitcoin surges further above $9,000
November 26, 2017--The price of the cryptocurrency Bitcoin has risen more than 12% in the last week, moving past $9,000 early Sunday morning to yet another in a long string of all-time highs.
The cryptocurrency's total market value is now more than $150 billion.
Other cryptocurrencies have also had a very strong week, with Ethereum and Bitcoin Cash also up for the week.
Source: Fortune.com
STOXX PULSE ONLINE-Factor Investing and the Search for Uncorrelated Premium Returns
November 24, 2017--In this issue
Europe's Tech Stocks Add to Industry's Global Rally
The STOXX® Europe 600 Technology Index is leading gains this year amid surging demand for chips and business software. view more
Global Stocks Break Through Records in October
Indices in the US and Europe add to gains amid positive prospects for global economic expansion and corporate earnings. view more
Factor Investing and the Search for Uncorrelated Premium Returns
As factor-based ETFs attract more interest, we look at the origins and evolution of the strategy. view more
Source: STOXX
Ultumus-Boost Boosts ETF Offering & Samsung lists more covered call ETNs
November 24, 2017--Germany, UK and Italy
Boost lists leveraged government bond ETPs
WisdomTree-owned Boost is listing three inverse government bond ETPs in Germany, Italy and the UK. They will allow investors to make money as yields decline. They are:
Boost Bund 30Y 3x Short Daily ETP (3UBS:IM, XMWH:GR)
Boost Gilts 10Y 1x Short Daily ETP (1GIS:LN)....
Korea
Samsung lists more covered call ETNs
Samsung is listing two new covered call ETNs in Korea. They are:
Samsung Securities Samsung K200 Call 1811-02 ETN 40 (530039)
Samsung Securities Samsung K200 Call 1811-02 ETN 40 (530040)
Beyond the fact that these products use covered calls and track the Kospi 200 to some extent, I cannot figure out what they do. As often happens with new Korean listings, there is little English language material available on these products at this time...
Source: ULTUMUS-Financial Data Management
WisdomTree-Why OPEC's supply cut extension is structurally bullish for oil
November 24, 2017--Investors holding a 3x leveraged oil ETP would have gained over 15% in the first week of November-more than 3x the return of front-month oil futures over the same period.
Underpinning this is an easing supply glut and a potential OPEC supply cut extension-both of which, we believe, reaffirm the structural bull case for oil.
Ahead of the Vienna OPEC meeting on 30 November, we highlight how oil investors can express their views on oil using short and leveraged oil ETPs, and/or unleveraged oil ETCs.
Source: WisdomTree
IOSCO report provides new data on global hedge fund industry
November 23, 2017--IOSCO report provides new data on global hedge fund industry
The Board of the International Organization of Securities Commissions (IOSCO) today published its Report on the Fourth IOSCO Hedge Fund Survey, which provides regulators new insights into the global hedge fund industry and the potential systemic risks this industry may pose to the international financial system.
IOSCO's biannual survey has become an important resource for regulators, given the lack of public and global data on hedge fund activities. The survey facilitates the regular collection and analysis of hedge fund data, enabling regulators to share information and observe trends regarding trading activities, leverage, liquidity management, markets and funding in the global hedge fund sector.
view the Report on the Fourth IOSCO Hedge Funds Survey-Final Report
Source: IOSCO
Ultumus-Nomura, Horizons, Mackenzie, PowerShares, First Trust, & Franklim Templeton
November 22, 2017--Japan
Next Funds lists a string of ETFs in Tokyo
Japanese money managing giant Nomura is listing a suite of international ETFs in Tokyo through its Next Funds brand. They are:
NEXT FUNDS Japan Bond NOMURA-BPI ETF (2510)
NEXT FUNDS International Bond Citi WGBI ex Japan Unhedged ETF (2511)
NEXT FUNDS International Bond Citi WGBI ex Japan Yen-Hedged ETF (2512)....
Canada
Horizons lists robotics ETF
Toronto-based Horizons ETF is listing an automation and robotics tracker, the Horizons Robotics and Automation Index ETF (ROBO). Like other products with the same ticker around the world (including ETF Securities in Australia and Exchange Traded Concepts in the US), ROBO will track the ROBO Global Robotics and Automation Index....
Mackenzie lists women's rights ETF
In what seems to be a defining trend of ETF listings in 2017, Mackenzie Investments is listing a gender diversity ETF, the Mackenzie Global Leadership Impact ETF (MWMN). ...
Germany
PowerShares to list smart beta ETFs in Germany
PowerShares will be listing a suite of smart beta ETFs in Germany next week, each of which will track European equities by factors. The listings are:
PowerShares Tradable European Value Factor UCITS ETF (PFTV)
PowerShares Tradable European Quality Factor UCITS ETF (PFTQ)
PowerShares Tradable European Low Beta Factor UCITS ETF (PFTB)...
France and UK
First Trust lists actively managed currencies ETF in new currencies
First Trust is listings its First Trust FactorFX UCITS ETF (FXEU, FXGB) in euros and pounds in Paris and London respectively. At present, the fund is only available in London and in dollars (FTFX). FTFX invests in 20 currencies or more across developed and emerging markets....
Italy
Franklin Templeton brings smart beta ETFs in Italy
US money manager Franklin Templeton is bringing its new smart beta ETFs over to Italy. They are:
Franklin LibertyQ European Dividend UCITS ETF (FLXD)
Franklin LibertyQ U.S. Equity UCITS ETF (FLXU)
Franklin LibertyQ Global Equity SRI UCITS ETF (FLXG)...
Source: ULTUMUS-Financial Data Management
Solactive report finds U.S. robo-advisors invest more aggressively than their German counterparts
November 22, 2017--Solactive is happy to announce that its report on robo-advisors, Robo-Advisory: A closer look at the engine room, has been published and is now available online. The report looks at some of the questions associated with the growing robo-advisory trend, mainly related to transparency, historical performance, and asset allocation by studying robo-advisors in the U.S. and Germany.
In the first part, the report introduces the story of three investors with different risk profiles - Mr Bart S., Mrs Lisa S., and Mr Abraham S.-and compares the asset allocations assigned by the sampled robo-advisors, seeing whether there are any differences between U.S. and German providers.
In the second part, the report presents a simulated model that can serve to benchmark the portfolios recommended by other robo-advisors.
view the Solactive report-ROBO-ADVISORY A closer look at the engine room
Source: Solactive AG
BIS-Further details on the assessment of global systemically important banks
November 21, 2017--In connection with today's publication by the Financial Stability Board of the updated list of global systemically important banks (G-SIBs), the Basel Committee on Banking Supervision has released further information related to the 2017 G-SIB assessment.
The information includes:
a list of all the banks in the assessment sample
the denominators of each indicator used to calculate the banks' scores
the cutoff score that was used to identify the G-SIBs in the updated list
Source: BIS
EY-Majority of asset managers expected to offer ETFs in next five years
November 21, 2017--Exchange-traded fund (ETF) market on track to reach US$7.6t by end of 2020
15% to 25% of ETF inflows over next three years expected to come from new investors
Innovation to meet investor preferences crucial to sustainable industry growth
Two-thirds (67%) of respondents interviewed for the EY report Global ETF Research 2017: reshaping around the investor believe most managers will have an ETF offering in the next five years.
The new entrants will join a market that is expected to reach US$7.6t globally by the end of 2020. Based on interviews with ETF promoters, market makers and service providers who collectively manage 85% of global ETF assets, the report suggests that ETF providers will face new challenges as the industry grows in size and influence.
view the EY Reshaping around the investor-Global ETF Research 2017 report
Source: EY
Big commodity traders to seek scale in pursuit of prosperity
November 21, 2017--Consultant report finds size will matter as revenues and margins come under pressure
Source: FT.com