Global ETF News Older than One Year
World Gold Council-Gold-backed ETF holdings added 22.2t to 2,313.1t in June
July 10, 2017--At the end of June, total holdings in gold-backed ETFs and similar products stood at 2,313.1t (74.4moz), 22.2t higher from May. These holdings were valued at US$92.4bn, 1% lower compared to a month earlier.
North American and European Funds led the way: the former gained 12.8t to 1,227.1t while the latter added 10.5t to 977.7t. Asian funds lost 1.3t (-2%) to 61.9t and funds in the Other region increased marginally (+0.2t) to 46.4t.
In North America, gains by iShares Gold Trust (+7.4t) outpaced that of SPDR Gold Shares (+5.0t). Their holdings at the end of June were 210.3t and 852.5t respectively.
In Europe, it was UK’s Source Physical Gold P-ETC that witnessed the largest inflow across the universe in the month. Its holdings increased a whopping 12.2t (+12%) to 111.7t.
Source: World Gold Council (WGC)
OECD and FAO see slower growth in demand keeping world food prices low
July 10, 2017--Global food commodity prices are projected to remain low over the next decade compared to previous peaks, as demand growth in a number of emerging economies is expected to slow down and biofuel policies have a diminished impact on markets, according to the latest 10-year agricultural outlook published today by the OECD and FAO.
The OECD-FAO Agricultural Outlook 2017-2026 says that the completed replenishment of cereal stocks by 230 million metric tonnes over the past decade, combined with abundant stocks of most other commodities, should also help limit growth in world prices, which are now almost back to their levels before the 2007-08 food price crisis.
Source: OECD
Four reasons to question the hype around blockchain
July 10, 2017--Blockchain. Never have so many people sought so much from a technology understood by so few. There is nothing particularly novel about a divergence between the depth of knowledge enjoyed by computer scientists on the one hand and wider society on the other.
But the extent of the divergence with respect to blockchain-or distributed ledger technologies (DLTs) to use the generic label-is profound. What makes it all the more significant is the fact that many of the most ambitious claims being made on behalf of DLTs touch on one of society's crucial keystones: trust.
Source: WEF (World Economic Forum)
Smart beta funds on course to pass $1tn milestone
July 10, 2017--Smart beta funds are on monitor to attain the $1tn milestone this 12 months, with the favored funding methods taking on conventional lively and passive administration within the battleground for investor cash.
According to an FT evaluation of Morningstar figures, property beneath administration in sensible beta funds have grown by a mean of just about 30 per cent a 12 months since 2012, placing them on course to hit $1tn inside the subsequent six months.
Source: forexrepository.com
IMF Working paper-Financial Stability Analysis: What are the Data Needs?
June 10, 2017--Summary:
The growing incidences of financial crises and their damage to the economy has led policy makers to sharpen the focus on financial stability analysis (FSA), crisis prevention and management over the past 10-15 years.
The statistical world has reacted with a number of initiatives, but does more need to be done? Taking a holistic view, based on a review of experiences of policy makers and analysts, this paper identifies common international threads in the data needed for FSA and suggests ways to address these. While there has been an encouragingly constructive response by statisticians, not least through the G-20 Data Gaps Initiative, more work is needed, including with regard to shadow banking, capital flows, corporate borrowing, and granular data. Further, to support FSA, the paper identifies potential enhancements to the conceptual advice in statistical manuals including with regard to foreign currency and remaining maturity.
view the IMF Working paper-Financial Stability Analysis: What are the Data Needs?
Source: IMF
TradeWeb Reports Record Volume in 2nd Quarter
July 8, 2017--More than $6.3 Trillion Traded Electronically-Up 32% over same period last year
TradeWeb Corporates Also Building Strong Momentum
TradeWeb, the leading network of online fixed-income markets, today announced record volumes for the second quarter of 2004. Investors traded a record $6.3 trillion in fixed,income securities on TradeWeb's global platform, up 32% from the same period last year and a 17% increase on the first quarter of 2004.
Source: Tradeweb
BlackRock exchange traded funds hit new record inflows of $140bn
July 8, 2017--First six months of 2017 beat whole of last year for asset manager
BlackRock pulled more cash into its exchange traded fund arm in the first six months of 2017 than over the whole of last year, when the world's largest asset manager attracted record ETF inflows.
Source: FT.com
Transparency Pays: Emerging Markets Share More Data
July 7, 2017--If sunlight is the best disinfectant, as US Supreme Court Justice Louis Brandeis once famously said, can it also be a money maker? We have tried to quantify the financial gains from greater transparency that emerging market countries can achieve.
Our new research shows that greater data transparency leads to a 15 percent reduction in the spreads on emerging market government bonds one year after the transparency improvements are made.
view moreview the IMF Working paper-The Effects of Data Transparency Policy Reforms on Emerging Market Sovereign Bond Spreads
Source: IMF
World Gold Council-Gold Investor, June 2017
July 6, 2017--Welcome to the summer edition of Gold Investor, where leading commentators and market participants discuss new developments for gold and its evolving global role.
Source: World Gold Council
IOSCO consults on recommendations and good practices in liquidity risk management for funds
July 6, 2017--The International Organization of Securities Commissions (IOSCO) published today the consultation paper titled Recommendations of Liquidity Risk Management for Collective Investment Schemes, which seeks to address structural vulnerabilities arising from asset management activities, as part of its mission to protect investors and mitigate systemic risk in global financial markets.
IOSCO also published today another consultation paper that provides practical information, examples and good practices regarding open-ended fund liquidity risk management, to supplement its recommendations.
view the Consultation on CIS Liquidity Risk Management Recommendations paper
Source: IOSCO
