Global ETF News Older than One Year
Harmonisation of the Unique Product Identifier (UPI)-guidance issued by CPMI-IOSCO
September 28, 2017--A new report provides technical guidance to authorities on a uniform global Unique Product Identifier (UPI) applying to over-the-counter (OTC) derivatives transactions.
The report, entitled Harmonisation of the Unique Product Identifier, is a joint publication by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO).
Source: IOSCO
DECPG Global Monthly-September 2017
September 28, 2017--Special Focus: New Fiscal Space Database
Fiscal space measures a government's ability to implement effective fiscal policy.
The World Bank released in August 2017 a new database providing a comprehensive picture of fiscal space in 200 economies over 1990-2016.
The database documents the recent improvement of fiscal positions in advanced economies and deterioration in EMDEs, especially commodity exporters.
Monthly Highlights
Global growth: strongest since end-2010. Global growth picked up in 17Q2, reaching 3.6 percent (q/q saar), the strongest reading
since 10Q4 (Figure 1A). :e uptick mainly reBects an acceleration of activity in the United States, the Euro Area, and
Japan, continued robust growth in East Asia and PaciGc, and strengthening growth in Eastern Europe and Central Asia. Global
manufacturing PMIs remained Grmly in expansionary territory in July and August, suggesting continued momentum in 17Q3. :e
ongoing recovery in advanced economies and diminishing obstacles to activity among commodity-exporting emerging
market and developing economies (EMDEs) continue to be key drivers of the pickup in global activity in 2017. Global median
inBation edged up in July and August, reaching 2.4 percent, its highest level since March 2017.
Source: World Bank
ETF Securities Outlook-Make Way for Millennials September 2017
September 28, 2017--Concentration of Millennials in developing world may refocus global growth to these economies.
Headwinds for US Millennials sparked a shift in consumer and financial behaviors.
Millennials and Baby Boomers may create barbell growth engine impacting different sectors.
The Millennial Majority
Millennials, those born between the years of 1982-2000, are a difficult group to define with very different starting points, spending habits, and financial goals than previous generations. Yet one generality about this generation is clear: their size.
With global population estimates ranging from 1.7 to 2.0 billion or more, Millennials are a core factor for future global economic trends. The vast majority of this population, however, is located outside of the developed world.
Source: etfsecurities.com
Ultumus-Subprime ETFs
September 27, 2017--Fund of Funds ETF that tries to be different
Two Roads and Anfield Capital have listed a new actively managed and equally weighted "fund of funds" ETF that tries to be different..
The Anfield Capital Diversified Alternatives ETF (DALT) will invest mostly in "sectors, market segments or asset classes that do not represent the general investment universe," the prospectus says...
Canada
Horizons eyes international horizons-through futures
Horizons ETF is listing a new ETFs in Canada that tracks mid and large cap companies in the world's richest countries outside of North America...
Taiwan
US real estate comes to Taipei
Taiwanese issuer Capital Fund will be listing a new fund next month that tracks the American real estate market. The Capital Dow Jones U.S. Real Estate Index Exchange Traded Fund (00714), will track the popular Dow Jones benchmark, which is also used by iShares. Other popular REIT ETFs, such as those by Vanguard and Charles Schwab, use in-house indexes...
Source: ULTUMUS-Financial Data Management
Better thy Neighbor? Cross-border Effects of Fiscal Actions
September 27, 2017--In the wake of the global financial crisis, fiscal stimulus was advocated widely to help mitigate the recession. The thinking at the time was that fiscal stimulus would be particularly effective because its impact on activity tends to be larger when demand falls short of supply and central banks keep interest rates low. This, in turn, would lead to larger positive cross-border effects-or spillovers-on other countries.
Nearly a decade later, economic circumstances have improved. Do spillovers from fiscal actions still matter today in the context of less global economic slack (excess capacity) and less accommodative monetary policy? The answer is yes.
Source: IMF
This Trader Made 295% on Cryptocurrency Derivatives
September 27, 2017--U.K. brokerage uses contracts for difference to trade bitcoin
Regulators race to catch up with exploding market in tokens.
Jay Smith has little doubt the cryptocurrency market will crash.
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The price of bitcoin has increased sixfold in the past year, despite a 25 percent plunge this month triggered by China's crackdown on digital tokens. Not a week goes by without startups launching new ones to fund everything from dentistry to Las Vegas strip clubs.
Source: Bloomberg
The Unequal Burden of Rising Temperatures: How Can Low-Income Countries Cope?
But as our research in Chapter 3 of the October 2017 World Economic Outlook shows, the effects of higher temperatures will not be equal everywhere and the brunt of the adverse consequences will be borne by those who can least afford it-low-income countries.
Over the past four decades, the global average surface temperature has increased at a pace that is unprecedented in the past 20,000 years.
Source: IMF
Ultumus-Political Animals-Donkey or Elephant
The Democrat Policies Fund (DEMS) will look at which companies are most likely to benefit from Democrats and long those likely to benefit...
The Republican Policies Fund (GOP) will do the same as DEMS, but for Republicans... Europe
Source: ULTUMUS-Financial Data Management
BlackRock insights on German elections, fixed income & more
We see the outcome slowing momentum behind a Franco-German drive to promote deeper eurozone integration.
The powerful position of German finance minister could be key in coalition talks and the future of the eurozone.
Source: BlackRock
'Crypto' hedge funds spring up in crowded field
Source: FT.com
September 27, 2017--The Earth's temperature is rising and its climate is changing. The increase in temperatures will shape the economic future of communities and countries across the globe. All countries will feel the direct negative effects from unmitigated climate change.
September 26, 2017--September 26, 2017--In another sign that ETFs are becoming more like active management, new issuer Event Shares has listed two new actively managed ETFs that use politics to decide which companies to buy...
UK and France
Lyxor wants the best of Japan
Lyxor has listed a new Japanese dividend ETF in London and Paris that tracks large Japanese companies based how big and how consistent their dividend payments are...
September 26, 2017--German election: In Merkel we trust
German Chancellor Angela Merkel has won a fourth term but now faces tricky coalition talks after mainstream parties posted their worst results since the 1940s.
September 26, 2017--Managers lured by soaring value of bitcoin and other cryptocurrencies.
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