STOXX PULSE ONLINE- Global Stocks Break Through Records in October
October 10, 2017--Global stocks continued their push higher in October to break records, as signs of economic growth help investors brush off geopolitical risks and tighter monetary policy.
The STOXX(R) Global 1800 Index added 3.4%1 in the month when measured in euros, touching its highest since data starts in 1991 and posting its best performance since February. The index climbed 1.9% in dollars.
The EURO STOXX(R) 50 Index of blue-chip companies in the Eurozone jumped 2.3% to the highest since August 2015. The pan-European STOXX(R) Europe 600 Index gained 1.9%.
Source: STOXX
DECPG Global Weekly-November 10, 2017
November 10. 2017--TAKING STOCK
U.S. consumer sentiment edged down in November; jobless claims rose
Euro Area producer prices picked up in September; retails sales growth rebounded
Japan's machinery orders dropped in September; service sector activity strengthened in October
China continued to face high inflation in October; growth of export and imports slowed
Brent crude oil prices continued to rise
Source: World Bank
World Gold Council-Gold demand in Q3 at eight-year low as ETF inflows slowed sharply
November 9, 2017--The third quarter saw a 9% year-on-year (y-o-y) drop in gold demand to 915 tonnes (t). Year-to-date (y-t-d) demand was down by 12%.1 ETFs had another quarter of positive inflows, but at 18.9t, they fell far short of the 144.3t influx in Q3 2016.
A softer quarter in the jewellery sector (-3%) accounted for 17t of the y-o-y decline. Demand from other sectors firmed: central banks bought a healthy 111t of gold (+25% y-o-y) while bar and coin investment strengthened by 17% (to 222.3t). albeit from a low base.
Source: World Gold Council (WGC)
ERI Scientific Beta newsletter issue no.19, October/November 2017
November 9, 2017--The latest issue of ERI Scientific Beta's quarterly newsletter focuses on the following topics:
Managing Market Risk in Smart Beta Strategies
How to Harvest Factor Premia without Suffering from Market Volatility: The Case for a Long/Short Multi-Factor Strategy
The newsletter also features an interview with Benjamin Herzog, Quantitative Strategies Product Manager at Société Générale Corporate & Investment Banking who explains the reasons for the adoption of a Scientific Beta low volatility high dividend yield strategy and a long/short multi-factor strategy, and provides performance data for ERI Scientific Beta smart factor and multi smart factor indices over different time periods to 30 September 2017...
Source: ERI Scientific Beta
Infographic-What People Think of Globalization, by Country
November 9, 2017--More than in the past, the population is divided on whether globalization is a force for good or not.
In the aftermath of events like Brexit and the Trump election, it’s clear that there's a growing movement of people that are skeptical about wider integration into the global economy and foreign cultures. While this countervailing force has always existed, only recently has it become powerful enough to change the outcomes of key elections and referendums.
Source: visualcapitalist.com
ETFGI reports assets invested in leveraged and inverse ETFs and ETPs listed globally have increased 14.1 percent in 2017 to reach a new record of 77 billion US dollars at the end of September
November 9, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in leveraged/inverse ETFs/ETPs listed globally have increase 14.1% in the first 9 months of the year to reach a new record of US$77.14 Bn at the end of September, according to ETFGI's September 2017 Global Leverage and Inverse ETFs and ETPs Landscape report.
The leveraged/inverse ETF/ETP industry had 834 ETFs/ETPs, with 1,287 listings, assets of US$77.14 Bn, from 59 providers on 19 exchanges in 16 countries.
Source: ETFGI
IOSCO reports on implementation of G20/FSB recommendations to strengthen securities markets
November 8, 2017--The Board of the International Organization of Securities Commissions (IOSCO) today published a report on the implementation of the G20/FSB post-crisis recommendations aimed at strengthening securities markets.
The Implementation Report: G20/FSB Recommendations related to Securities Markets was prepared by IOSCO's Assessment Committee and is designed to provide further clarity on the recommendations and the role of securities market regulators in overseeing how these recommendations are implemented.
view the Implementation Report: G20/FSB Recommendations related to Securities Markets
Source: IOSCO
Ultumus-John Hancock Small Cap
November 8, 2017--John Hancock lists factor small cap ETF
John Hancock is listing a new ETF in New York that brings smart beta to US small caps, the John Hancock Multifactor Small Cap ETF (JHSC).
JHSC tracks an in-house index made of US small caps...
Asia
Korea
Samsung lists two plain vanilla and one leveraged ETF
Korean Chaebol and asset manager Samsung is listing three new ETFs. They are:
Samsung KODEX US Russell 2000 ETF H (280930)
Samsung KODEX MSCI Korea Total Return ETF (278540)....
Koomkin banks lists Korean treasury inverse futures bond...
Europe
UK
iShares cross lists and re-lists (?) bond ETFs
iShares is offering new currencies in and cross-listing some of its bond ETFs. They are:....
Italy
Source is listing two of its vanilla ETFs into Milan in euros. They are:
Source S&P 500 UCITS ETF B SPXD...
Source: ULTUMUS-Financial Data Management
Flow Traders Enters FX Market with MarketFactory
November 8, 2017--Flow Traders, a leading global technology-enabled liquidity provider specializing in exchange traded products (ETPs), and MarketFactory, an industry-leading FX technology platform, announced today a partnership that will enable investors to trade FX directly with Flow Traders on FX trading venues across the globe.
Flow Traders has a long history of trading FX as part of its hedging strategies, and identified the opportunity to further expand its role in the FX market. MarketFactory's API product, Whisperer, underpins Flow Traders' strategic ambitions to become a leading liquidity provider in FX.
Source: Flow Traders N.V.
Post-crisis restrictions on international banking can blunt growth prospects in developing countries
November 7, 2017--Growing restrictions imposed on foreign banks operating in developing countries since the 2007/9 global financial crisis are hampering better growth prospects by limiting the flow of much-needed financing to firms and households, a World Bank report warned on Tuesday.
International banking can have important benefits for development, but is no panacea, and carries risks. Developing economy policymakers would do well to consider how to maximize the benefits of cross-border banking while minimizing its costs, the World Bank's Global Financial Development Report 2017/2018: Bankers without Borders says.
view the Global Financial Development Report 2017/2018: Bankers without Borders Report
Source: World Bank