SA retains regional stock crown as Saudis battle to overtake
September 11, 2017--Oil has denied Saudi Arabia the opportunity to overtake SA as the biggest stock market in the Middle East and Africa, even as political turmoil and a faltering economy hold back share prices in Johannesburg.
Source: FIN24
BlackRock Global ETP Landscape Monthly Snapshot-August 2017
September 11, 2017--Global ETP flows climb to a new annual record
Global ETPs gathered $47.4bn, driving year-to-date flows to a new annual record, fueled by strength in developed markets (DM) equity exposures and bolstered by fixed income
U.S. equities drew in $9.5bn, concentrated in large caps, amid strong corporate earnings and economic growth
Broad DM equities and Japanese equi
ties collected $7.6bn and $8.0bn,
respectively, against a backdr
op of positive
economic data
Fixed income brought in another $12.2bn led by investment grade corporates, which captured $4.2bn, propelling year-to-date flows to $39.6bn.
Source: BlackRock
Japan gets its first ESG ETFs
September 11, 2017-Japan
Virtue signaling from Daiwa Asset
Daiwa Asset, one of Japan's largest asset managers, has broken new ground in Japan, launching the country's three first ESG funds as well as a high dividend fund. The new listings are:
Daiwa ETF TOPIX High Dividend Yield 40 Index (1651)
Daiwa ETF MSCI Japan Empowering Women Index WIN (1652)...
iShares lists its first no-Asia ETF in Tokyo
iShares has expanded its Japanese ETF offering, listing several new products that offer Japanese investors the chance to diversify overseas. The products and the indexes they track should be familiar to western investors. They are:
iShares S&P 500 ETF (1655)
iShares Core 7-10 Year US Treasury Bond ETF (1656)...
Australia
Platinum rebrands its active funds as ETFs
In Australia, asset manager Platinum Asset Management has listed two new funds on the ASX as a way of rebranding its existing actively managed funds. The Platinum International Fund ETF (PIXX) and the Platinum Asia Fund ETF (PAXX) will both simply be ETF versions of its actively managed Asia and International fund....
Switzerland
UBS lists socially responsible ETF that invests in itself
Swiss powerhouse UBS has listed a socially responsible ETF in Switzerland with the ticker CHSRI (a portmanteau of CH for Switzerland and SRI for socially responsible investing)....
London
Deutsche Bank cross-lists some of its most successful ETFs
Deutsche Bank has backed up last week's boat load of listings on the LSX with another several cross listings this week. They are:
db x-trackers II EUR Corporate Bond UCITS ETF DR (XBLC)
db x-trackers II-EUR High Yield Corporate Bond UCITS ETF DR (XHYG)
Source: ULTUMUS-Financial Data Management
World Bank studies blockchain for cross-border payments, streamlined structured finance
September 11, 2017--The World Bank is exploring ways in which blockchain can be adopted for purposes such as cross-border payments and streamlining its multibillion-dollar structured finance business, according to Arunma Oteh, the multilateral lender's vice president and treasurer.
"Blockchain gives an opportunity to have a trusted source that anybody can acc...
Source: mlexfs-core.com
ULTUMUS ETF Corporate Actions-Weekly Summary
September 11, 2017--ETF Corporate Actions-Week ending September 9, 2017.
Source: ULTUMUS-Financial Data Management
ETF Securities Weekly Flows Analysis Investors seek to take profits on precious and industrial metals
September 11, 2017--Investors are taking profits on gold and silver as they reach multi months highs
Crude oil ETPs recorded moderate outflows as US refineries recover from storm Harvey
Investors are taking profits on industrial metals after a two-digit price increase year-to-date
Investors reduced their long positions in gold and silver ETPs. We saw US$354.5mn and US$116.7mn out of our gold and silver ETPs respectively last week. The gold price is hovering around its highest level in twelve months, supported by the weakness of the US dollar and stock market declines.
Source: etfsecurities.com
DECPG Global Weekly -September 08, 2017
September 8, 2017--TAKING STOCK
U.S. factory orders dropped in July; non-manufacturing activity rebounded in August
Euro Area GDP growth strengthened in Q2; ECB kept policy unchanged
Japan's Q2 GDP growth was revised down; services PMI eased in August
China's foreign reserves edged up in August; trade surplus fell as exports slowed
Nigeria and South Africa exited recession in Q2
Source: World Bank
Ultumus-Nationwide, Covered call, and equal weighting
September 8, 2017--USA
Global X puts two fads together
ETFs tracking preferred securities have been in vogue of late, so too have covered call ETFs. And now Global X has put the two together in a single product, called the Global X U.S. Preferred ETF (PFFD)....
Goldman Sachs opts for equal weight index
Goldman Sachs is listing an equal weighted large cap tracker in the US, The Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW)...
Nationwide joins ETF game,br>
Insurance giant Nationwide will be listing three new ETFs in the US that target risk and diversification. They are:
Nationwide Risk-Based U.S. Equity ETF (RBUS)
Nationwide Risk-Based International Equity ETF (RBIN)...
UK
Deutsche Bank cross-lists US sector trackers onto London Stock Exchange
Deutsche Bank has cross-listed six US sector trackers onto the LSX...
Source: ULTUMUS-Financial Data Management
Taiwan Stock Exchange and Nasdaq Sign Memorandum of Understanding
September 8, 2017--The Taiwan Stock Exchange Corporation (TWSE) and Nasdaq Inc. (Nasdaq:NDAQ) have signed a Memorandum of Understanding (MoU) to promote mutual development and foster cooperation between the two companies.
The memorandum also paves the way for both sides to work closely together in expanding their ETF markets, facilitating the cross-listing of ETFs on both the TWSE and Nasdaq markets.
Source: Nasdaq.com
IMF Working paper-The Effect of Leverage on Asset Sales Between Financial Institutions
September 8, 2017--Summary:
This paper analyzes how the leverage of financial institutions affects their demand for assets and the resulting value of transactions between financial institutions.
The results show a positive relationship between buyer capital and the likelihood of buying assets, and between buyer capital and the value of the deal. That is, those institutions that are the least constrained in their ability to raise funding are those that demand assets and pay more for them. This result does not hold, however, for deposit-taking institutions that had access to several government programs designed to improve their liquidity position during the crisis of 2008.
view the IMF Working paper-The Effect of Leverage on Asset Sales Between Financial Institutions
Source: IMF