Global ETF News Older than One Year
Regulators urged to close share trade loophole
February 21, 2017--Fears that new rule will backfire to promote dark pools instead of public exchanges
Source: FT.com
IMF-Ensuring Financial Stability in Countries with Islamic Banking
February 21, 2017--Islamic banking (IB) continues to grow rapidly, in size and complexity, posing a challenge to supervisory authorities and central banks. While accounting for a small share of global financial assets, IB has established a presence in more than 60 countries and has become systemically important in 14 jurisdictions.
Islamic Finance (IF) principles underpin IB and involve operations, balance sheet structures, and risks that differ from their conventional banking counterparts. The current framework governing IB contains many gaps that need to be closed through the development of a more comprehensive enabling environment that ensures IB financial stability and sound development.
view the IMF-Ensuring Financial Stability in Countries with Islamic Banking policy paper
Source: IMF
R3 set to unveil blockchain for syndicated loan trades
February 21, 2017--Credit Suisse, US Bank and others to showcase results in March; no update on Digital Asset and JP Morgan project.
Banks and technology firms working with blockchain consortium R3 seem to be taking a leaf out of the Steve Jobs playbook for their latest product rollout, shrouding the research project in secrecy so they can unveil the finished article in a theatrical stage show.
Source: Risk.net
ETF Securities Weekly Flows Analysis -Safe havens under the spotlight amid political uncertainties
February 20, 2017--Strong inflows of US$141mn in gold ETPs amid political uncertainties driving market sentiment while improving auto sales triggered inflows in platinum ETPs.
Inflows in robotics themed ETFs in February rose to US$80mn as prices reach new highs every week.
US$22mn inflows in industrial metals ETPs as investors question Indonesia’s plans to relax the ban on ore exports.
Strong inflows into gold ETPs amid political uncertainties driving market sentiment. Gold ETPs recorded US$141mn inflows last week as gold prices rose 1.1% to nearly US$1,242/oz.
IOSCO issues report on Loan Funds-important niche products to fund the real economy
February 20, 2017--The Board of the International Organization of Securities Commissions (IOSCO) today published the report Findings of the Survey on Loan Funds, which describes how the market for Loan Funds has evolved in different jurisdictions and explains how regulators are addressing the risks associated with these funds.
The exercise is part of IOSCO's on-going effort to build a robust, sustainable system of market-based finance.
Loan funds are a unique type of fund that represents a relatively small share of the global fund industry. Though they are different from traditional funds, they are increasingly becoming an important niche product to finance the real economy and are considered an alternative to traditional financial channels.
Source: IOSCO
Blockchain funding plummeted 54% in 2016
February 20, 2017--Despite strong growth in the first quarter from firms like Digital Asset Holdings, funding for blockchain companies decreased significantly in 2016.
Funding to venture capital backed blockchain firms has more than halved since the first quarter in 2016 compared to the fourth, according to statistics from CB Insights.
Since the first quarter last year, funding plummeted 54% from $153 million to just $69 million in the fourth quarter.
Source: thetradenews.com
BlackRock-ETP Landscape-Best January Flows on Record
February 17, 2017--INDUSTRY HIGHLIGHTS
GLOBAL REFLATION TRENDS PROPEL GLOBAL ETPS TO THE BEST MONTHLY FLOWS SINCE 2008 AND THE BEST JANUARY FLOWS ON RECORD.
Global ETPs brought in $61.2bn in January, marking the best monthly flows since September 2008 (the second-best on record) and record January flows, fueled by strength in U.S. and Japanese equities
U.S. equities drew in $19.3bn as global reflationary trends bolstered cyclical exposures including $4.3bn in small-caps and over $1bn a piece in real estate, technology and financial equity sector funds
Japanese equities brought in record monthly flows of $10.7bn fueled by a weaker yen, rising inflation and better earnings expectations
Broad emerging markets (EM) equities gathered $2.5bn amid a more measured U.S. dollar and a pick-up in global reflation
Fixed income gathered $16.6bn focused in shorter maturities and in investment grade corporates as flows remain resilient to rising rates
view more
Source: BlackRock-ETP Research
Emerging market ETFs and the jaws of death
Source: FT.com
ERI Scientific Beta Newsletter-January/February 2017
At that time, the four rewarded factors validated by EDHEC-Risk Institute were Value, Size, Low Volatility and Momentum. Furthermore, as a default weighting scheme option, Scientific Beta proposed its flagship multi-strategy weighting scheme which mixes different methods of alternative weightings to cap-weighted (Efficient Minimum Volatility, Efficient Maximum Sharpe Ratio, Maximum Deconcentration, Maximum Decorrelation and Diversified Risk Weighted) in order to diversify and thus reduce the model risks associated with each of these weighting schemes.
Source: ERI Scientific Beta
DECPG Global Weekly-February 17, 2017
Japan's GDP slowed further in Q4 2016, industrial production expanded modestly in December
Source: World Bank
February 17, 2017--Huge inflows have gone into the largest companies-but they are not good companies.
February 17, 2017--Live is Better
Since 2013, with the Smart Beta 2.0 framework, EDHEC-Risk Institute has created Scientific Beta multi-smart-factor indices that are well diversified and exposed to rewarded factors.
February 17, 2017--U.S. consumer price inflation picked up in January; retail sales continued to rise; industrial production fell
Euro Area growth in Q4 2016 was revised down, industrial production contracted in December.
China inflation accelerated in January
High food prices fueled inflation across East Africa in January
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