Global ETF News Older than One Year
ETFGI reports assets invested in ETFs/ETPs listed globally reached a new record
October 19, 2016--ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed globally reached a new record high US$3.408 trillion at the end of Q3 2016.
Net flows gathered by ETFs/ETPs in September were strong with US$25.19 Bn of net new assets gathered during the month marking the 32nd consecutive month of net inflows, according to preliminary data from ETFGI's September 2016 global ETF and ETP industry insights report.
Source: ETFGI
European banks risk lagging Wall Street in blockchain race
October 19, 2016--The blockchain technology behind bitcoin was designed to do away with banks.
In an ironic reverse, investment banks are now racing to make it work for them-but cash-strapped European players risk falling behind their Wall Street rivals.
Source: Reuters
Eleventh progress report on adoption of Basel III standards published by the Basel Committee
October 19, 2016--The Basel Committee on Banking Supervision has today issued the Eleventh progress report on adoption of the Basel regulatory framework.
This report sets out the adoption status of Basel III standards for each member jurisdiction of the Basel Committee as of end-September 2016. It updates the Committee's previous progress reports which have been published on a semiannual basis since October 2011 under the Committee's Regulatory Consistency Assessment Programme (RCAP).
Source: BIS
Clear Path Analysis Report: The evolution of factor investing
October 18, 2016--A quant heritage
Investors have long followed rules-based approaches to put together investment portfolios.
In fact, quantitative asset management has a heritage of at least eight decades. The merits of a simple, rules-based approach-choosing "value" stocks on the basis of accounting metrics like price to book value or price to earnings ratios-were set out by Benjamin Graham and David Dodd in their seminal book "Security Analysis", published in 1934.
In the 1970s, particularly in the U.S., a new generation of investment analysts started to focus on techniques like momentum trading, statistical arbitrage and portfolio optimization; led by advancements in computer processing, greater access to data and spurred by developments in financial theory.
view The evolution of factor investing report
Source: ftserussell.com
ETF Securities Weekly Flows Analysis-Gold ETPs outflows after hawkish September FOMC minutes
October 17, 2016--Gold ETPs outflows after hawkish September FOMC minutes.
Investors continue to sell short GBP and buy long GBP ETCs as GBP seems to be making a floor.
Platinum ETPs recorded the largest inflows of US$22.8mn last week, as investors see price opportunity relative to Gold.
Investors increased their short positions on UK and German stocks.
Gold ETPs see outflows after three consecutive week of inflows, as the September FOMC minutes suggested rate hike was a close call. Gold ETPs recorded US$32.8mn withdrawn last week after 3 weeks of inflows, signalling that investors see increased prospects for higher US interest rates..
Source: ETF Securities
London gold market faces shake-up
October 17, 2016--Exchange operator to start daily futures contract based on London metal but traded in US.
Source: FT.com
Bundesbank Disucssion paper-Financial shocks and inflation dynamics
October 17, 2016--1 Introduction
Despite a massive fall in demand during the Global Financial Crisis (GFC), the US
economy experienced only a modest disin ation. Two prominent explanations for
this "missing disinflation puzzle" have been proposed. First, in ation expectations were well anchored (Bernanke 2010, Yellen 2013), while the rise in energy prices prevented a fall in long-run in ation expectations (Coibon and Gorodnichenko 2015).
view the Bundesbank Disucssion paper-Financial shocks and inflation dynamics
Source: bundesbank.de
DECPG Global Weekly-October 14, 2016
October 14, 2016--TAKING STOCK
U.S. weekly jobless claims at 42-year low; Federal Reserve released the minutes of its September meeting
Euro Area industrial production rebounded in August
Japan parliament passed additional fiscal stimulus
China's exports and imports tumbled in September
Inflation rose in Angola and Ghana
WEEKLY INSIGHT
How Does Recent Credit Growth in EMDEs Compare With Past Episodes of Credit Booms?
Elevated credit levels or growth rates constitute a vulnerability for some emerging market and developing economies (EMDEs). Credit to the nonfinancial private sector in commodity-importing EMDEs has been higher than in previous credit booms but its growth has been subdued. In contrast, credit growth in commodity-exporting EMDEs has been near the pace and levels of credit-to-GDP ratios associated with past credit booms.
Source: World Bank
Bats Reports Strong September Data, including 11.7% U.S. Options Market Share
October 14, 2016--Bats Global Markets, Inc. (Bats: BATS) today reported September data and highlights, including its second-best month on record for its U.S. options business, with 11.7% market share.
Source: Bats Global Markets
Building minimum variance portfolios with low risk, low drawdowns and strong returns
October 13, 2016--In the wake of the global financial crisis, minimum variance equity strategies quickly gained traction by capturing the attention of a risk-aware and risk-averse investment community.
But minimum variance portfolios (MVPs) offer much more than just an efficient way to lower portfolio volatility.
Source: STOXX
