Global ETF News Older than One Year
Monday Morning Memo: Are alternative UCITS a reasonable alternative for investors?
September 4, 2017--Even as the U.S. Federal Reserve Bank (FED) has begun to raise interest rates, the markets are still in a low-interest-rate environment.
Especially for Europe, some experts expect these conditions will stay around longer, even though the European Central Bank (ECB) is starting to speak about tapering. Because of the low interest rates, more and more investors are looking for alternatives, especially if they need income from their portfolios or want to bulletproof their portfolios against rising rates. In the past investors were willing to accept higher risk from issuers and/or on the duration side, and they invested in high-yield bonds or bonds with a very long duration to generate higher returns.
Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
IMF Working paper-How Important is the Global Financial Cycle? Evidence from Capital Flows
September 1, 2017--Summary:
This study quantifies the importance of a Global Financial Cycle (GFCy) for capital flows. We use capital flow data dis-aggregated by direction and type between 1990Q1 and 2015Q5 for 85 countries, and conventional techniques, models and metrics.
Since the GFCy is an unobservable concept, we use two methods to represent it: directly observable variables in center economies often linked to it, such as the VIX; and indirect manifestations, proxied by common dynamic factors extracted from actual capital flows.
Our evidence seems mostly inconsistent with a significant and conspicuous GFCy; both methods combined rarely explain more than a quarter of the variation in capital flows. Succinctly, most variation in capital flows does not seem to be the result of common shocks nor stem from observables in a central country like the United States.
view the IMF Working paper--How Important is the Global Financial Cycle? Evidence from Capital Flows
Source: IMF
Infographic-The Unparalleled Explosion in Cryptocurrencies
September 1, 2017--Over 300 new coins reached $1mm market cap in 2017
After the massive Bitcoin price surge in November 2013, the popularity of launching new cryptocurrencies took off along with it.
Source: visualcapitalist.com
ULTUMUS-FAANGS, Factor and Rotation
September 1, 2017--North America
USA
Northern Lights Main Sector Rotation ETF (SECT) actively hunts undervalued sectors...
Northern Lights is listing an actively managed 'ETF of ETFs' on Bats. SECT, the Main Sector Rotation ETF, will hold other ETFs rather than indexed stocks and try to beat the S&P500 by flipping between different sectors in the economy...
Canada
First Asset Tech Giants Covered Call ETFs (TXF/B)-FAANGs plus call options
Canadian issuer and covered call specialist First Asset will list an ETF in Toronto that tracks tech giants while also selling covered calls...P>Europe
UBS lists factor ETF in three currencies at once-very neutral, very Swiss
UBS has re-listed its factor ETF in three different currencies-CHF, GBP, EUR -all at once.
Source: ULTUMUS-Financial Data Management
F&D Magazine Looks at Global Cooperation
August 31, 2017--The latest issue of F&D magazine looks at a key challenge the world faces: how to address complex global problems amid growing skepticism about the benefits of multilateralism and continued global integration.
Corporate actions:
Source: ULTUMUS-Financial Data Management
Consultative document on the implications of fintech for banks and supervisors issued by the Basel Committee
Sound Practices: Implications of fintech developments for banks and bank supervisors assesses how technology-driven innovation in financial services, or "fintech", may affect the banking industry and the activities of supervisors in the near to medium term. view the Sound practices: Implications of fintech developments for banks and bank supervisors report
Source: BIS
Six global banks join forces to create digital currency
Barclays, Credit Suisse, Canadian Imperial Bank of Commerce, HSBC, MUFG and State Street have teamed up to work on the "utility settlement coin" which was created by Switzerland's UBS to make monetary markets extra environment friendly.
Source: forexrepository.comG
Betashares-Should we worry about the Shiller PE Ratio?
As this note demonstrates, however, the Shiller PE ratio has proven to be a poor short-run market timing tool. And while it has proven to be a reasonable guide for likely longer-run returns in the past, allowance today needs to be made for the large structural decline in interest rates.
Source: betashares.com.au
ETF Securities-Investment Insights August 2017 What's Under the Hood for Platinum & Palladium?
Ride sharing may boost auto demand through higher total miles driven while reshaping demand to be less cyclical.
Manufacturer scandals, sub-prime auto loan delinquencies, and electric vehicle buzz continue to spur negative sentiment for the global auto industry. Many investors interpret these themes as the end for current combustion-engine centric auto industry.
Source: etfsecurities.com
iShares has changed the indexes on its Canada, Netherland, and South Africa ETFs...
August 31, 2017--The Basel Committee on Banking Supervision today released a consultative document on the implications of fintech for the financial sector.
August 31, 2017--Six of the world's largest banks have joined a challenge to create a brand new type of digital money that they hope to launch subsequent 12 months for clearing and settling monetary transactions over blockchain' the know-how underpinning bitcoin.
August 30, 2017--The rise in global equity prices in recent years has led to continued concerns over valuation levels. One indicator that appears to cause endless nervousness is the so-called "Shiller" PE ratio, which considers US stock prices relative to the rolling 10-year average level of earnings.
August 30, 2017--Summary:
Despite concerns for US, global auto sales remain robust led by higher emission standards in China.
Electric vehicle sales are a strategic risk to autocatalyst demand but slowing sales growth, infrastructure build out, and battery shortfall risk may remain short-term headwinds.
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