Global ETF News Older than One Year
ETF Securities Weekly Flows Analysis-Gold ETP inflows grind higher after a mixed payroll report
November 6, 2017--Gold ETP inflows receive US$20.6mn for the second consecutive week after a mixed payroll report.
Strong price gains in the crude oil market prompt large outflows from oil ETPs worth US$73mn.
Inflows into global thematic equity ETFs garner momentum, totalling US$18.4mn.
Profit taking results in outflows from nickel ETPs, totalling US$8.6mn.
Gold ETP inflows increase for the second consecutive week amounting to US$20.6mn following a mixed payroll report. The pace of inflows has slowed considerably for gold ETPs over the past month. While the jobless rate fell, wages were a weak spot in October (rising 2.4% vs est 2.7% y-o-y). However with payroll gains averaging about 162,000 over the prior three months and the economy nearing maximum employment, the third rate hike by the Fed this year seems certain, adding further downside pressure on gold prices in the near term.
Source: etfsecurities.com
U.S. Report Says Humans Cause Climate Change, Contradicting Top Trump Officials
November 3, 2017--Directly contradicting much of the Trump administration's position on climate change, 13 federal agencies unveiled an exhaustive scientific report on Friday that says humans are the dominant cause of the global temperature rise that has created the warmest period in the history of civilization.
Over the past 115 years global average temperatures have increased 1.8 degrees Fahrenheit, leading to record-breaking weather events and temperature extremes, the report says.
Source: NY Times
IOSCO publishes updates to peer reviews of regulation of MMFs and securitization
November 3, 2017--The Board of the International Organization of Securities Commissions (IOSCO) today published two update reports titled Update to the IOSCO Peer Review of Regulation of Money Market Funds and Update to the IOSCO Peer Review of Implementation of Incentive Alignment Recommendations for Securitisation.
These reports summarize IOSCO's ongoing efforts in monitoring implementation of reforms for money market funds (MMF) and securitization since IOSCO published its two peer reviews in September 2015. The reports address progress by IOSCO members in FSB jurisdictions in adopting legislation, regulation and other policies in the G20 priority reform areas covering MMF and securitization.
view the IOSCO Peer Review of Regulation of Money Market Funds report
Source: IOSCO
DECPG Global Weekly
November 3, 2017--Taking Stock
U.S. nonfarm job growth rebounded in October; the Federal Reserve kept policy rates on hold. U.S. nonfarm
payrolls rose by 261,000 (m/m sa) in October,less than expected and the September's figure was revised up (from a drop of 33,000 to an increase of 18,000).
The unemployment rate edged down from 4.2 percent in September to 4.1 percent in October, its lowest level since December 2000 (Figure 1). Labor force participation rate decreased by 0.4 percentage point to 62.7 percent.
Average hourly earnings rose 2.4 percent (y/y) in October, down from September's 2.8 percent increase. Separately, the U.S. Federal Reserve kept the target range for the federal funds rate at 1-1.25 percent at its November meeting, in line with expectations.
Source: World Bank
The head of JPMorgan's nearly $2 trillion funds business issued a stark warning for a large group of Wall Streeters
November 2, 2017--Mary Erdoes, the head of JPMorgan Chase's $1.9 trillion asset and wealth management business, painted a bleak future for many Wall Street stock analysts at a conference Thursday.
Asset managers like JPMorgan are expected to slash research budgets by as much as 50% in response to European regulatory reform known as MiFID II.
Source: Business Insider
World Economic Forum-The Global Gender Gap Report 2017
November 2, 2017--Gender parity is fundamental to whether and how economies and societies thrive. Ensuring the full development and appropriate deployment of half of the world's total talent pool has a vast bearing on the growth, competitiveness and future-readiness of economies and businesses worldwide.
The Global Gender Gap Report benchmarks 144 countries on their progress towards gender parity across four thematic dimensions: Economic Participation and Opportunity, Educational Attainment, Health and Survival, and Political Empowerment. In addition, this year's edition also analyses the dynamics of gender gaps across industry talent pools and occupations.
view the World Economic Forum-The Global Gender Gap Report 2017
Source: World Economic Forum
CMRA White Paper-Asset Liquidity Risk: Piecing Together the Puzzle
November 2, 2017--Liquidity risk is a key risk and has been a recent focal point for regulators, with increasing transparency and attention demanded by SEC Rule 22e-4 for mutual funds and by Basel III's liquidity requirements for banks.
Meanwhile, market participants have a sense that asset liquidity may be deteriorating, but there is little agreement even on the definition of liquidity risk or on how exactly to measure it. It is clear, however, that asset liquidity risk is multifaceted and managing it is both an art and a science.
view the CMRA White Paper -Asset Liquidity Risk: Piecing Together the Puzzle
Source: Capital Market Risk Advisors, Inc. (CMRA)
OFR-How Safe are Central Counterparties in Derivatives Markets?
November 2, 2017--How likely is a central counterparty, or CCP, to default after a severe credit shock? This working paper uses credit default swap data to estimate the direct and indirect impacts of a default by CCP counterparties in derivatives trades.
It finds that a CCP could be more vulnerable to failure than conventional stress tests have shown.
view the How Safe are Central Counterparties in Derivatives Markets? white paper
Source: OFR (Office of Financial Research)
Bitcoin smashes past $7,000 for the first time
November 2, 2017--Bitcoin soared past the $7,000 mark for the first time Thursday
The virtual currency reached an all-time high of $7,355.35 at about 7:16 a.m. ET before trading at $6,895.41.
CME Group said it would introduce bitcoin futures contracts Tuesday
The cryptocurrency has had a bullish streak throughout the week following the CME's announcement that it will introduce bitcoin futures contracts.
Source: CNBC.com
BlackRock Global ETP Landscape Monthly Snapshot-October 2017
November 1, 2017--Summary
Global ETP industry year-to-date flows crossed $500bn in October
Global ETPs gathered $58.5bn in October, propelling year-to-date industry flows to
$517.1bn, eclipsing last year's record full-year total and led this month by U.S.,
broad global and broad emerging markets (EM) equity exposures
U.S. equities drew in $30.5bn driven by a rebound in large caps and faster flows to small-caps amid strong earnings reports and renewed optimism for tax reform
Broad global equity exposures brought in $12.7bn as global risk assets rallied on the Japanese election outcome and prospects for more central bank stimulus in Europe
Broad EM equities maintained momentum, gathering $4.6bn this month, focused in
the week leading up to China's Communist Party Congres.
Source: BlackRock
