Bubble trouble? Bitcoin tops $11,000, but fades after sharp rally
November 28, 2017--Bitcoin zoomed past $11,000 (£8,185.5) to hit a record high for the sixth day in a row on Wednesday after gaining more than $1,000 in just 12 hours, stoking concerns that a rapidly swelling bubble could be set to burst in spectacular fashion.
After soaring more than 1,000 percent since the start of the year, bitcoin rose as much as 15 percent on Wednesday, but by mid-afternoon in New York, the virtual currency was trading at $9,500, down 3.7 percent on the day on Luxembourg-based Bitstamp BTC=BTSP, one of the largest and most liquid cryptocurrency exchanges.
Source: Reuters
Infographic-Visualizing the Journey to $10,000 Bitcoin
November 27, 2017--It has been a breakthrough year for the world's original cryptocurrency. At time of publication, the bitcoin price is at $9,650-about 10X higher than how the cryptocurrency started the year.
Further, bitcoins are now on the brink of passing the important psychological barrier of $10,000, and it could do so at any moment based on current momentum.
Source: visualcapitalist.com
ETF Securities Weekly Flows Analysis-Green means go for industrial metals
November 27, 2017--Industrial metal ETPs recorded the largest weekly inflows since summer 2014.
Robotic ETP continues to record inflows on better-than-expected earnings seasons.
Gold and oil ETPs recorded outflows as price continue to rise.
Inflows into silver ETPs, benefitting from the attractiveness of industrially based metals.
Industrial metal ETPs recorded the largest weekly inflows since summer 2014. Industrial metal ETPs were on the top of the leader board last week with a record inflow of US$112.9mn, the largest weekly inflow since August 2014. Investors increased their exposure to the basket and copper with US$77.3mn and US$34.5mn inflows, respectively. Nickel was the best performer last week with a price rise of 4%, followed by copper (3.3%) as both metal supply deficits were reported higher than last year according to their respective international study groups.
Source: etfsecurities.com
ESG investing and smart beta combination grows in popularity
November 27, 2017--A "niche of a niche" is one description of the combination of socially responsible investment with smart beta factors.
The practice of marrying the two approaches is far from mainstream, but both strategies are growing in popularity, particularly among institutional investors.
Source: FT.com
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