Global ETF News Older than One Year
Ultumus-Chile, Israel, Australia and more...
November 21, 2017--South American ETFs!
Chile
EuroAmerica lists small cap ETF
South America has the second smallest ETF market, ahead of only Africa. But the market is about to get one larger thanks to the Chilean issuer EuroAmerica listings the EuroAmerica MSCI Chile Small Cap ETF (EASCCHI)....
ARK lists Israeli tech ETF
Israeli tech companies are renowned for their inventiveness. But they've always been a bit trickier for ETFs. Israel doesn't have ETFs-it has index linked certificates, which are similar but different -and a lot of the material on the Israeli stock market is only available in Hebrew....
But buying into disruptive Israeli tech is about to get easier thanks to a new US listing, the ARK Israel Innovative Technology ETF (IZRL)...
The $208m Innovator IBD 50 Fund (FFTY) has given up on active management and transformed into a purely passive ETF.
Before 15 November FFTY was something of an unusual hybrid, using both an index and active management within an ETF. FFTY's active management tended to hug the benchmark index anyway....
Australia
Vanguard Australia lists diversified ETFs
Vanguard Australia is bringing its four Australian Diversified Index Funds into an ETF format. They are:
Vanguard Conservative Index ETF (VDCO)
Vanguard Balanced Index ETF (VDBA)
Vanguard Growth Index ETF (VDGR)
Korea
Samsung lists total return version Kospi 200 ETF
Korean chaebol Samsung is listing a plain vanilla ETF under its Kodex brand, the Samsung Kodex 200 Total Return ETF (278530) tracks the Kospi 200 TR index. Kodex already has a suite of products that track the Kospi 200, including Kodex 200 (069500)....
Source: ULTUMUS-Financial Data Management
World Economic Forum-The rise of Bitcoin doesn't mean the end of banks. Here's why
November 20, 2017--A common idea about the blockchain, the technology that powers Bitcoin and other cryptocurrencies, is that it can "create trust", or allow two parties to make a transaction "without relying on trust".
If true, this means we could create a world without a trusted "man in the middle". We could have financial services without a bank verifying transactions and we could transfer ownership (of a house, for instance) without a lawyer. But this idea is wrong.
Source: WEF (World Economic Forum)
Eurex Clearing's partnership program gains broad market support
November 20, 2017--Eurex Clearing's offer to accelerate the development of a liquid, EU based alternative for the clearing of interest rate swaps gains broad market support.
Around 20 market participants from the US, the United Kingdom and Continental Europe already decided to participate in Eurex Clearing's partnership program. The early sign-up period expires on November 20, and the participants will be disclosed on the Eurex Clearing website.
Source: Eurex
Russell/Nomura Total Market Index adds 151 new firms in annual reconstitution
November 20, 2017--FTSE Russell and Nomura Securities Co., Ltd. today announced that 151 new stocks were added to the Russell/Nomura Total Market Index, which captures 98% of the float-adjusted market capitalization of the Japanese equity market, as part of the annual reconstitution process on 20 November 2017.
Increase in market capitalization reflects rise in Japan equity markets.
The number of constituents in the Russell/Nomura Total Market Index increased by 114 to 1,600. There were 151 additions to the Index and 37 companies were deleted, with market cap weighted turnover at a modest 1.6%.
Source: FTSE Russell
Legal & General looks to expand in US
November 19, 2017--Strategy is based on using its two big existing businesses as a foundation for a third.
Source: FT.com
DECPG Global Weekly
November 17, 2017--Taking Stock
U.S. core inflation edged up in October; industrial production expanded strongly. The U.S. core consumer prices-which excludes food and energy prices-rose 1.8 percent (y/y) in October, after recording a 1.7 percent increase in each of
the five preceding months.
Headline consumer prices rose 2.0 percent (y/y) in October, down from September's 2.2 percent increase, reflecting a decline in gasoline prices. Separately, U.S. industrial production rose 0.9 percent (m/m, sa) in October, compared with a 0.4 percent increase in September, reflecting a strong post-hurricane recovery in manufacturing production.
Euro Area GDP growth edged down in Q3; inflation decelerated in October. The flash estimate of Euro Area GDP growth in Q3 came in at 0.6 percent (q/q, sa), below the 0.7 percent increase recorded in Q2.
Source: World Bank
Fork talk lifts bitcoin to all-time high near $8,000
November 17, 2017--Bitcoin hit an all-time high just below $8,000 on Friday, on talk that a software upgrade whose suspension sent the cryptocurrency into a tailspin at the end of last week was, after all, going ahead within hours.
Talk that the upgrade-which could split or "fork" bitcoin into two versions-would go ahead was driven by a statement on the website of Coinbase, the world's largest bitcoin company with operations in 32 countries.
Source: Reuters
iSTOXX Global Economic Growth Select 50 Index licensed to Citi
November 17, 2017--STOXX Ltd., the operator of Deutsche Boerse Group's index business, and a global provider of innovative and tradable index concepts, today introduced the iSTOXX Global Economic Growth Select 50 Index. It was licensed to Citi as an underlying for structured products.
It is a complementary index to the iSTOXX Europe Economic Growth Select 50 which was launched earlier this year. "We are delighted to build on the cooperation with Citi which has been growing for several years now. After the successful launch of the iSTOXX Europe Economic Growth Select 50 Index, we are now adding a global version to the index family The iSTOXX Global Economic Growth Select 50 Index comprises stocks that combine liquidity with high dividend yields and low stock price volatility. The entire basket is tilted towards companies with a substantial revenue exposure to countries with a strong economic outlook," said Matteo Andreetto, chief executive officer, STOXX Limited.
Source: Deutsche Börse Cash Market
Thomson Reuters-Estimated Net Flows Into ETFs Eclipse Those Into Conventional Funds for October
November 16, 2017--Conventional mutual fund investors continued their search for yield in October, padding the coffers of fixed income funds, while authorized participants (APs-those investors that actually create and redeem ETF shares) remained risk-seeking.
Mutual fund investors continued to give stock & mixed-equity funds a cold shoulder for the month, redeeming some $15.9 billion, while for the seventeenth consecutive month APs were net purchasers of stock & mixed-equity ETFs, injecting $36.9 billion. Year to date through October 31, 2017, conventional equity mutual funds handed back some $135.3 billion net, while equity ETFs took in $263.3 billion. On the fixed income side of the equation the focus of fund investors and APs stayed in step, with conventional bond funds attracting $239.1 billion year to date and bond ETFs drawing in $111.1 billion for the same period. In this segment I highlight the October fund-flow trends for both types of investment vehicles.
Source: Thomson Reuters
A Rebalancing China and Resurging India: How Will the Pendulum Swing for Russia?
November 16, 2017--Russia Pivots Towards China and India
Like most countries, Russia's economic prospects are closely linked to its ability to export and penetrate new dynamic markets. While both Europe and the Commonwealth of Independent States (CIS) remain the main destinations for Russia's exports, the country is beginning to strengthen its economic relationships with important new dynamic markets such as China and India.
In the global market, China is now the world's second largest importer, after the United States, and in many metal markets it represents more than half of global demand. Russia's trade with China has increased substantially in recent decades: merchandise trade between the two nations has almost tripled over the past ten years.
Source: World Bank
