Rapid rise of ETFs sparks growing pains
December 5, 2016--Can market sell instant gratification when underlying securities are harder to trade?
Source: FT.com
ETF Securities Weekly Flows Analysis: Oil suffers worst weekly outflows in six years
December 5, 2016--Investors take profit on a 15% gain in oil prices following OPEC's deal to cut production.
Gold ETP outflows of US$274mn were highest since July 2015.
Profit-taking on long GBP, short EUR positions after Pound rallies on hopes of a softer Brexit.
Oil ETP outflows reach highest level since August 2010 as investors take profit on a 15% surge in prices. There were US$126mn of outflows from long oil ETPs. OPEC's landmark deal to cut production for the first time in eight years drove the market euphoria as participants responded to the headline cut of 1.2 million barrels per day.
However, anyone looking at the details can see that OPEC is not committing to cutting 1.2 million barrels from today's levels. The reference figures from which they are cutting from are inflated (compare to what was produced in October).
Source: ETF Securities
State Street's head of ETFs in Emea departs
December 2, 2016--The head of State Street Global Advisors' exchange-traded fund business in Europe, the Middle East and Africa has left, shortly after the funds arm of the US banking giant made two high-profile appointments in London.
Alexis Marinof, who joined SSgA in 2003, left the $2.4 trillion asset management giant on November 14, according to regulatory filings.
Source: Financial News
OPEC deal: Producers agree to oil production cut, first since 2008
December 1, 2016--Under OPEC deal, Saudis to cut output by 0.5 million bpd
Iraq to reduce production, Iran will raise slightly
Qatar says Russia also joins cuts with 0.3 mln bpd
Brent oil jumps 9 per cent to more than $50/barrel
Indonesia suspends OPEC-membership after recently rejoining Members of the Organisation of Petroleum
Source: AMEInfo.com
Fundinfo launches Digital Advisor, intelligent fund selector
December 1, 2016--Fundinfo says its new cloud-based fund selection system, Digital Advisor, considers "investor's emotional preferences" in addition to analysing active and passive funds.
In an exclusive interview with Banking Technology, Matthias Weber, CIO of ifund services (fundinfo's partner business), says the idea of "a versatile online tool that finds the most suitable funds based on qualitative analysis combined with personal conviction instantly" was conceived in 2014.
Source: bankingtech.com
"Globalization: Insiders, Outsiders" F&D magazine December 2016
November 30, 2016--The "Globalization: Insiders, Outsiders"-F&D magazine December 2016 is now available.
Source: IMF
Has the blockchain hype finally peaked?
November 29, 2016--Sober reality bites on automating networks of trust on which modern finance rests
Is the hype around a blockchain for financial markets finally over? The verdict from some of the market's most active participants at a conference in London this week was definitive.
Source: FT.com
OPEC makes last-ditch bid to save oil deal as tensions grow
Analysts predict sharp drop in oil prices if no deal OPEC was trying on Monday to rescue a deal to limit oil output as tensions grew among...
Source: AMEInfo.com
Are asset managers too profitable?
Source: FT.com
Gold bugs face steamroller from fund outflows
Source: FT.com
November 28, 2016--Saudis say market can rebalance without oil deal
Algerian, Venezuelan ministers fly to Moscow for talks
Mood subdued as OPEC experts gather in Vienna
November 27, 2016--Fund companies may face pressure to reduce fees and be more transparent on charges.
November 25, 2016--Precious metal has fallen below $1,200 a troy ounce for the first time since February.
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