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
WEF-Millennials Survey: 'Refugees Are Welcome, Robots Can't Be Trusted, Climate Change Is Our Biggest Concern'
The United States (18%), Canada (12%) and the UK (10%) are the top destinations of young people looking to advance their career. view the World Economic Forum Global Shapers Annual Survey 2017
Source: WEF (World Economic Forum)
IMF Working paper-Emissions and Growth: Trends and Cycles in a Globalized World
We show that, once the cyclical relationship is accounted for, the trends show evidence of decoupling in richer nations—particularly in European countries, but not yet in emerging markets. The picture changes somewhat, however, if we take into consideration the effects of international trade, that is, if we distinguish between production-based and consumption-based emissions. Once we add in their net emission transfers, the evidence for decoupling among the richer countries gets weaker. The good news is that countries with underlying policy frameworks more supportive of renewable energy and supportive of climate change tend to have greater decoupling between trend emissions and trend GDP, and for both production- and consumption-based emissions. view the IMF Working paper-Emissions and Growth: Trends and Cycles in a Globalized World
Source: IMF
Finance & Development-Bretton Woods to Brexit
The British vote to leave the European Union and the election of Donald Trump as president of the United States have brought a new style of politics-not just in the United Kingdom or the United States, but for the world. The developments of 2016 constitute a major challenge to the liberal international order constructed after the defeat of Nazism in 1945 and strengthened and renewed after the collapse of the Soviet system between 1989 and 1991.
Source: IMF
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.
August 30, 2017--More than 31,000 millennials from over 180 countries have participated in the Global Shapers Annual Survey 2017 on technology, economy, values, career and governance.
Climate change is keeping millennials up at night: it remains their biggest global concern for the third year in a row.
Corruption, inequality and a lack of career and economic opportunities are seen as the most pressing national issues by millennials around the globe.
Optimism beats pessimism: technology is creating more jobs than it is destroying, say 79%. However, only 26% would trust a robot to make decisions on their behalf.
August 30, 2017--Summary:
Recent discussions of the extent of decoupling between greenhouse gas (GHG) emissions and real gross domestic product (GDP) provide mixed evidence and have generated much debate. We show that to get a clear picture of decoupling it is important to distinguish cycles from trends: there is an Environmental Okun's Law (a cyclical relationship between emissions and real GDP) that often obscures the trend relationship between emissions and real GDP.
August 30, 2017--The global economic cooperation that has held sway since the end of World War II is challenged by new political forces
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