Global ETF News Older than One Year
ETF Securities Weekly Flows Analysis-GBP short positions are back to pre-referendum announcement levels
September 19, 2016--The futures market has highlighted an increasing probability of rate hike this year, weighing on commodity prices. Consequently, gold saw small outflows last week representing only 1% of inflows this year
AuM in GBP short ETPs has now fallen back to levels not seen pre the EU referendum announcement
Industrial metals saw continued outflows last week totalling US$15m
The futures market has highlighted an increasing probability of rate hike this year. While the markets are pricing in a lower probability of a rate increase this week, the implied probability of a rate move in December has risen.
Source: ETF Securities
Infographic-How Oil is Formed
September 19, 2016--Does the oil we use today originate from the remains of dead dinosaurs?
No, but the actual answer is just as interesting.
The generally accepted theory is that today's oil reserves come from organic materials that existed millions of years before dinosaurs roamed the earth.
Source: visualcapitalist.com
World Bank-By 2050, drug-resistant infections could cause global economic damage on par with 2008 financial crisis
September 19, 2016--New research from World Bank shows that antimicrobial resistance would increase poverty and affect poorest countries the most
Drug-resistant infections have the potential to cause a level of economic damage similar to-and likely worse than-that caused by the 2008 financial crisis, according to a new report by the World Bank Group entitled "Drug Resistant Infections: A Threat to Our Economic Future."
The research shows that a high-case scenario of antimicrobial resistance (AMR)-where antibiotics and other antimicrobial dugs no longer treat infections the way they are supposed to-could cause low-income countries to lose more than 5% of their GDP and push up to 28 million people, mostly in developing countries, into poverty by 2050.
view the "Drug Resistant Infections: A Threat to Our Economic Future" report
Source: WEF (World Economic Forum)
Morningstar-A Global Guide to Strategic-Beta Exchange-Traded Products
September 18, 2016--Executive Summary
"Smart beta' is an unfortunate name, one that has positive connotations that may not always
be warranted.
What Morningstar deems "strategic beta" is a broad and rapidly growing category of benchmarks and the investment products that track it
As of June 30, 2014, there were 673 strategic-beta exchange-traded products, or ETPs, with collective assets under management of approximately $396 billion worldwide.1 Strategic-beta ETPs are making inroads against their peers that are benchmarked to more-traditional indexes. While their market share has been increasing in every region we have examined, they have made greater inroads in large, more mature markets than they have in smaller, less developed ones.
For example, strategic-beta ETPs accounted for 19% of U.S. ETP assets, but just 1.5% of ETP assets in the Asia-Pacific region.
view the Morningstar-A Global Guide to Strategic-Beta Exchange-Traded Products
Source: Morningstar
Global bond issuance highest in nearly a decade
September 18, 2016--Global bond issuance is running at its fastest pace in nearly a decade as companies, countries and US agencies such as Fannie Mae and Freddie Mac binge on debt in an era of historically low interest rates.
Source: FT.com
Banks face $5bn hit to research teams as asset managers cut spending
September 18, 2016--Asset managers intend to cut their analyst research budgets by 30 per cent, heaping more pain on the investment banking industry that has already been forced to make thousands of people redundant on the back of falling profitability.
Source: FT.com
September 2016 BIS Quarterly Review: Markets pass Brexit test
September 18, 2016-Markets recovered quickly from the shock of the Brexit vote. Central banks have exerted a calming influence and have eased further in recent months as dissonant markets raised questions about the outlook and the pricing of underlying risks.
"There has been a distinctly mixed feel to the recent rally-more stick than carrot, more push than pull, more frustration than joy. This explains the nagging question of whether market prices fully reflect the risks ahead," said Claudio Borio, Head of the Monetary and Economic Department.
view the BIS Quarterly Review, September 2016
Source: BIS
How Our Cities Impact the Future Incomes of Children
September 16, 2016--Certain cities in America are better for upward mobility
In the long-standing psychology debate on nature versus nurture, the question is whether it is our genes or our experiences that hold the keys to our future.
The short answer to this question, according to many of today's scientists and psychologists, is that nature and nurture are always working together. In other words, genes do what they do depending on their context, and nature and nurture work to influence each other constantly.
Source: visualcapitalist.com
We are still groping for truth about the financial crisis
September 16, 2016--Eight years after Lehman's collapse, further proof that we do not know what we thought we knew
It has been eight years since Lehman Brothers went bankrupt and still it defines the calendar. For anyone in the financial world, time is divided into Before Lehman, and After Lehman.
Source: FT.com
DECPG Global Weekly
September 16, 2016--TAKING STOCK
WEEKLY INSIGHT-U.S. industrial production shrank, retail sales fell, and producer prices held steady in August
In the Euro Area, inflation was confirmed at 0.2 percent, and industrial production fell
In China, industrial production and retail sales exceeded expectations in August
Sovereign bond yields soared
S&P lowered Rwanda ratings
Risk Indicators used to Assess Uncertainty around Global Growth Forecasts
Since June 2016, the World Bank's global growth forecasts include an assessment of risks around these forecasts, summarized in a fanchart (Global Economic prospects, June 2016). Global growth risks are quantified based on data for three risk factors- equity price futures, term spreads, and average of Brent and WTI crude oil forward prices-because of their tight connection with global growth prospects.
Source: World Bank
