Global ETF News Older than One Year
ETF Securities-Profit taking in precious metals but contrarian inflows into cocoa and oil
April 24, 2017--Profit taking on precious metals after last week's strong rally
Opportunistic inflows into crude oil ETPs as oil prices corrected last week
8th straight week into cocoa ETPs as spot prices hit a 4-year low
USD shorts are building
Profit taking in precious metals. With gold almost reaching our target price for the year (US$1,300/oz by mid-year), we saw outflows of US$-30 mn from gold ETPs.
The escalation of tensions in Syria, North Korea as well as uncertainty of the outcome of the French elections have driven inflows in previous weeks. Year-to-date, we have seen more than US$600mn into our gold ETPs, with almost US$80mn in the last month.
Source: etfsecurities.com
Earth Day 2017-Five Facts for Your Environmental and Climate Literacy
April 22, 2017--1. A healthy environment is fundamental to poverty reduction. Environmental income accounts for about 28 percent of income worldwide, with particular importance for low-income households.
Three-quarters of this income comes from natural forests, and one in eleven people are lifted out of extreme poverty thanks to forests- Without policies and action to address the climate challenge- an estimated 100 million more people will move into poverty by 2030.
2. Getting it right on climate change is also an opportunity to create jobs, economic growth and other benefits. Last year the number of U.S. jobs in solar energy overtook those in fossil fuel extraction for the first time-solar jobs grew 12 times faster than overall job creation. In China,there are 35 percent more people working in clean energy than in oil and gas.
Source: World Bank
IMF Fiscal Monitor: Achieving More with Less, April 2017
April 21, 2017--Fiscal policy has recently gained prominence, both in public debate and in governments' policy. A reassessment of fiscal policy is taking place, stressing its greater role in fostering sustainable and inclusive growth and smoothing the economic cycle.
At the same time, the high uncertainty surrounding the outlook and high levels of public debt require a better understanding and managing of fiscal risks. Therefore, fiscal policy has the difficult task of achieving more and better in a more constrained environment. This issue of the Fiscal Monitor shows how the evolution of the debate on fiscal policy can shed new light on fiscal developments and help frame policy recommendations to countries.
view the IMF Fiscal Monitor: Achieving More with Less, April 2017
Source: IMF
Guidance for Monetary Authorities on the recommended practice in accounting for gold
April 20, 2017--Monetary authorities hold gold in the performance of their official functions, typically as part of the country's official reserves.
This functional purpose differs from the objectives of other entities who hold gold. Monetary authorities also commonly hold gold in much larger quantities than other entities. General purpose financial reporting frameworks lack appropriate guidance on accounting for gold, in particular for the gold classified as monetary gold, held by monetary authorities.
Source: World Gold Council
Global Blockchain Market to Grow to $5.4 Billion within Six Years
April 20, 2017--Blockchain ledger usage is expected to grow by leaps and bounds over the next six years, according to a new study
The growth is expected to be greatest in North America and followed by Asia.
Source: tradersmagazine.com
Infographic-The Blockchain Could Change the Backbone of the Stock Market
April 20, 2017--Modern technology enables stock markets to be faster and more complex than ever.
But while the speed of order executions are infinitely more impressive across the board, the conceptual backbone behind the stock market itself hasn't changed much.
In fact, the model we use today for settling trades and ensuring proper share ownership is still based on the one initially created in the 17th Century.
Source: visualcapitalist.com
Bassanese Bites-Sabre rattling helps gold
April 19, 2017--The Week in Review
Geo-political tensions were the main theme of last week, with concerns over a possible US-Russia dispute arising out of the Syrian missile strike giving way to heightened tensions over North Korea.
US President Trump seems to have adopted a "it’s time to clean this mess up once and for all" approach, and the world is now awaiting to see if he can convince China to convince North Korea to throttle back on its belligerence.
Source: betashares.com.au
BlackRock assets hit $5.4tn on record ETF inflows
April 19, 2017--One-off tax benefit helps asset manager beat Wall Street estimates for earnings
Source: FT.com
BlackRock Supports Inclusion of China A-Shares in MSCI Benchmarks
April 19, 2017--BlackRock, the world's biggest asset manager, said for the first time it favors the inclusion of China's domestic shares in MSCI Inc.'s global benchmarks.
MSCI, which runs indexes tracked by trillions of dollars of global wealth, is consulting the market for the fourth straight year on whether to add Chinese domestic equities, also known as A-shares, to its flagship global benchmarks.
Source: foxbusiness.com
ETF Securities Equity Research: Energy equities starting to look interesting
April 19, 2017--Summary
The Energy sector's performance has lagged the recovery in oil prices
Energy sector valuations have already priced in a more bearish outlook for oil despite some supports in the near term
On consensus forecasts, Energy now has the highest dividend yield of any cyclical sector, and the highest EPS growth over the next three years.
Source: etfsecurities.com
