Global ETF News Older than One Year
OFR-Interconnectedness in the Global Financial Market
September 27, 2016--This working paper shows how network analysis can facilitate the monitoring of movements by stocks in the global financial system over time.
The paper analyzes nearly 4,000 stocks in 15 countries. It concludes that stock returns tend to move together within regions-but not across them-in times of stability, but move in sync globally in times of crisis.
Source: OFR (Office of Financial Research)
Deutsche Boerse Asia plans sidelined by LSE merger effort
September 27, 2016--Deutsche Boerse's (DB1Gn.DE) expansion plans in Asia have been moved to a side track as the German exchange operator focuses on its $27 billion merger with the London Stock Exchange (LSE.L), three sources familiar with the situation said.
China's foreign exchange trading operator CFETS and Deutsche Boerse signed an agreement last October to establish a 50-50 joint venture in Germany to connect their markets and spur product innovation. The plan was to launch the JV this year but this has now been delayed, the people said.
Source: Reuters
Pension savers 'on cusp of mis-buying crisis'
September 27, 2016--Warning as more over-55s invest in drawdown products without the help of an adviser.
Source: FT.com
Bis-Financial inclusion: guidance on the regulation and supervision of institutions published by the Basel Committee
September 27, 2016--The Basel Committee on Banking Supervision has today issued final Guidance on the application of the Core Principles for Effective Banking Supervision to the regulation and supervision of institutions relevant to financial inclusion
The Basel Committee's Core Principles for Effective Banking Supervision are the de factominimum standard for sound prudential regulation and supervision of banks and banking systems
Source: BIS
Water Security as a Top Global Risk-In Search of More Comprehensive Approaches
September 27, 2016--In the 21st century, water availability in many regions can no longer be taken for granted, and water security has emerged as a key catalyst of sustainable development.
To better reflect the salience of water security and be more responsive to rapidly changing contexts, water economists and development practitioners need to identify the linkages to other sectors and issues, and incorporate these into their work.
Source: World Bank
Banks struggle to make blockchain fast and secure
September 26, 2016--Technology must be designed differently for financial institutions
Blockchain has become the financial markets' biggest buzzword as banks seek modern ways to resolve old problems.
But the technology is overshadowed by questions about how it can be made both secure and fast enough for large financial institutions.
Source: FT.com
Carbon pricing efforts are falling short, but even modest collective action can deliver significant progress, OECD says
September 26, 2016--Current carbon prices are falling short of the levels needed to reduce greenhouse gas emissions driving climate change, but even moderate price increases could have a significant impact, according to new OECD research.
Effective Carbon Rates: Pricing CO2 through taxes and emissions trading systems presents new data on effective carbon rates on CO2-emissions for energy use across 6 economic sectors in 41 countries-34 OECD member countries and 7 partner economies: Argentina, Brazil, China, India, Indonesia, Russia and South Africa.
Source: OECD
Cass paper analyses 'fallen angels' phenomenon
September 26, 2016--The 'fallen angels' phenomenon can offer the opportunity to enhance the returns on a multi-asset portfolio and the potential to improve diversification, according to a research paper from Cass Business School.
view the Fallen Angels: The investment opportunity paper
Source: etfstrategy.co.uk
DECPG Global Monthly-September 2016
September 26, 2016--Key highlights in the latest issue include:
Global growth remained subdued in 2016Q2, held back by weakening momentum across major advanced economies.
Global goods trade was stagnant in the first half of the year, registering its weakest performance since 2012.
Growth in emerging and developing economies stabilized, with commodity exporters still underperforming importers but with notable heterogeneity within both sub-groups.
Record-low global bond yields and a bottoming out of commodity prices supported renewed appetite for emerging market assets.
Special Focus: Negative Interest Rate Policies -Channels and Implications
Against the backdrop of persistent weak growth and low inflation expectations, a number of central banks have implemented negative interest rate policies (NIRP) over the past few years.
Monetary transmission channels under NIRP are conceptually analogous to those under conventional monetary policy, but NIRP present complications that could limit policy effectiveness.
Since the introduction of NIRP, a number of key financial variables have evolved broadly as implied by standard monetary transmission channels.
Source: World Bank
Global Financial Centres Index 20 Septemeber 2016
September 26, 2016--London, New York, Singapore and Hong Kong remain the four leading global financial centres. On a scale of 1,000 points, a lead of fewer than 20 points indicates relative parity.
London remains just ahead of New York, falling five points in the ratings to lead New York by a single point. New York (2nd) is now 42 points ahead of Singapore (3rd). Singapore is four points ahead of Hong Kong (4th).
view the Global Financial Centres Index September 2016
Source: The Z/Yen Group of Companies
