Global ETF News Older than One Year
Consultative document on the implications of fintech for banks and supervisors issued by the Basel Committee
August 31, 2017--The Basel Committee on Banking Supervision today released a consultative document on the implications of fintech for the financial sector.
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
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.
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?
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.
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?
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.
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'
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.
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
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.
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
August 30, 2017--The global economic cooperation that has held sway since the end of World War II is challenged by new political forces
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
Kik Announces Highly Anticipated Token Distribution Event
August 29, 2017--Kik Interactive, the creator of the popular chat platform Kik, today announced Kin's upcoming token distribution event (TDE) will commence on Tuesday, Sept. 12, 2017 at 9:00 a.m. ET.
Kik also announced it has successfully closed a presale round of US$50 million to select accredited investors, including Blockchain Capital, Pantera Capital, and Polychain Capital. Kik will look to raise a total of US$125 million through its token sale.
Source: Kik Interactive
Moody's says G20 GDP growth to exceed 3 percent, warns of geopolitical risks
August 29, 2017--Moody's Investors Service kept its forecast for G20 economic growth at just over 3 percent for this year and next, but warned of geopolitical risks, U.S. protectionism and spillovers from global monetary tightening and China's deleveraging measures.
The ratings agency said surprisingly strong data in the first half of the year prompted it to raise 2017 growth forecasts for China to 6.8 percent from 6.6 percent, for South Korea to 2.8 percent from 2.5 percent, and for Japan to 1.5 percent from 1.1 percent. view more
Source: Reuters
In a Blast From a Financial Crisis Past, Synthetic CDOs Are Back
August 28, 2017--Market for collateralized debt obligations is on the rise again after years on the decline
A decade ago, investors' bad bets on collateralized debt obligations helped fuel the crisis. Billed as safe, they turned out to be anything but. Now, more investors are returning to CDOs-and so are concerns that excess is seeping into the aging bull market.
Source: Wall Street Journal
