Global ETF News Older than One Year
Assets invested in active ETFs/ETPs listed globally reached a new record high of 38 billion US dollars at the end of June 2016
August 2, 2016--ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in active ETFs/ETPs listed globally reached a new record high US$38.19 billion at the end of June 2016, according to data from ETFGI's June 2016 global Active ETF and ETP industry insights report.
Record levels of assets were also reached at the end of June for active ETFs/ETPs listed in the United States at US$26.38 Bn, Canada with US$4.46 Bn, and in Asia Pacific ex Japan with US$1.56 Bn.
Source: ETFGI
Active asset managers face five years of pain
August 1, 2016--Product outflows, falling fees and the cost of retaining talent will all hit margins at traditional managers, says US consultant Casey Quirk by Deloitte
Source: Financial News
Junk bond ETFs drop by most since Brexit
August 1, 2016--Exchange-traded "junk bond" funds on Monday suffered their worst drop since the UK voted to leave the EU, as the main US oil benchmark closed in bear market territory and jitters grew over rising defaults in the energy industry.
Source: FT.com
ETF market takes a flyer with mass of niche products
August 1, 2016--"Variety is the spice of life" goes the proverb, one that some exchange-traded fund providers are testing to breaking point.
The ascendancy of ETFs is one of the most powerful trends in global markets. with the industry swelling to more than $3tn this year.
Source: FT.com
Blockchain: what it is, how it really can change the world
August 1, 2016--Blockchain-the technology behind the bitcoin digital currency- is a decentralized public ledger of transactions that no one person or company owns or controls. Instead, every user can access the entire blockchain, and every transfer of funds from one account to another is recorded in a secure and verifiable form by using mathematical techniques borrowed from cryptography.
With copies of the blockchain scattered all over the planet, it is considered to be effectively tamper-proof.
The challenges that bitcoin poses to law enforcement and international currency controls have been widely discussed. But the blockchain ledger has uses far beyond simple monetary transactions.
Source: World Economic Forum
S&P Dow Jones Indices: Index Dashboard: Dispersion, Volatility & Correlation July 2016
August 1, 2016--The global panic over "Brexit" has attenuated just as quickly as it arose. Dispersion, volatility and correlation in nearly all of our markets plunged back to relatively low levels in July.
The U.K., Japan and, to a much lesser extent, European equities retain signs of stress. In the U.K. and Japan, dispersion has remained above average. In Europe, relatively higher volatility has persisted.
Source: mondovisione.com
ETF Securities Weekly Flows Analysis-The slightly hawkish FOMC statement failed to curb investors' appetite for gold
August 1, 2016--Gold inflows suggest investors continue to hedge against uncertainties ahead.
Global equity ETPs attracted US$33mn. Inflows dominated by thematic ETPs related to robotics.
The Bank of Japan easing measures fell short of expectations, boosting long JPY exposures.
Gold attracted US$277.6mn of flows this week suggesting the slightly hawkish FOMC statement failed to clear away uncertainty. The Federal Reserve left interest rates unchanged at its July meeting but noted that near-term risks to the US economy have "diminished" after a rebound in US hiring in June.
Source: ETF Securities
DECPG Global Weekly -July 29, 2016
July 29, 2016--TAKING STOCK
U.S. preliminary Q2 GDP growth was weaker than expected; Fed left interest rates unchanged in July
Euro Area GDP growth slowed in Q2; inflation edged up
Bank of Japan announced a modest increase in stimulus, kept interest rates unchanged
The Central Bank of Nigeria raised interest rates
The World Bank raised its 2016 oil price forecast
WEEKLY INSIGHT
Structural Reform Challenges in Emerging Market and Developing Economies
Structural reforms are needed in emerging market and developing economies (EMDEs) to lift medium and long-term growth, reduce vulnerabilities, and signal to investors that the authorities are committed to strengthening long-term growth prospects.
Source: World Bank
Rupee Joins Bonds Rallying Most Since 2013 as India Inflows Jump
July 29, 2016--Currency advances in July after three months of losses
Local stocks garner the biggest foreign inflows since March
Indian sovereign bonds completed their best monthly performance in more than three years and the rupee strengthened as foreign investors snapped up local debt at the fastest pace since October.
Source: Bloomberg
MUFG Investor Services to Acquire Rydex Fund Services
July 28, 2016--Ropes & Gray advised MUFG Investor Services, the global asset servicing group of Mitsubishi UFJ Financial Group (MUFG), in its proposed acquisition of Guggenheim Investments' 1940-Act mutual fund administration business, Rydex Fund Services.
Headquartered in Tokyo, MUFG is one of the largest banks in the world with $2.4 trillion in assets.
Source: Ropes & Gray
