Global ETF News Older than One Year
Infographic-The Epic Collapse of Deutsche Bank
July 8, 2016--A timeline showing the fall of one of Europe's most iconic financial institutions
It's been almost 10 years in the making, but the fate of one of Europe's most important financial institutions appears to be sealed.
After a hard-hitting sequence of scandals, poor decisions, and unfortunate events, Frankfurt-based Deutsche Bank shares are now down -48% on the year to $12.60, which is a record-setting low.
Lower oil prices are driving down investment and energy efficiency as Middle East producers gain market share, IEA says
July 7, 2016--Following up on World Energy Outlook 2015, which examined the potential impact of a prolonged period of lower oil prices on energy markets, an updated analysis from the International Energy Agency has confirmed that the current oil price environment has had a negative impact on oil investments, hurt energy efficiency and boosted the share of oil produced in the Middle East.
The latest data from the IEA showed that investments in the oil sector declined in 2015, and then again in 2016, the first consecutive two-year drop in three decades. The industry cut more than $300 billion in spending in two years, or 42 percent of the total, an unprecedented downturn, even taking into account significant reduction in costs. North America accounted for about half the drop.
Source: IEA
Nasdaq is Global Leader for New Listings in First Half of 2016
Welcomes record total of U.S. listing exchange transfers
Extends track record as leading U.S. exchange for total IPOs to 10 consecutive quarters
July 7, 2016--Nasdaq (Nasdaq:NDAQ) announced today that it welcomed a combined 176 new listings-including 68 initial public offerings (IPOs)-in the first half of 2016 to its U.S. and Nordic exchanges, maintaining its position as the leading global exchange venue.
This includes DONG Energy-the largest IPO of 2016 YTD across global exchanges..
Source: valuewalk.com
Infographic-The Industrial Internet of Things as the Next Big Growth Driver?
July 7, 2016--The Internet of Things (IoT) is often marketed as a consumer-based technology phenomenon that will combine the potential of low-cost sensors and big data with wide-scale internet connectivity.
The promise of this consumer-focused vision of IoT is to change how we interact with daily objects in our lives. When people talk about the IoT, they often bring up ideas such as the connected home, automobiles, or health -concepts that will change how we live on a personal level.
Source: visualcapitalist.com
Seven Countries Emerging as Frontrunners in the Fourth Industrial Revolution
July 7, 2016--The World Economic Forum's Global Information Technology Report 2016 finds seven countries are excelling when it comes to economically benefiting from investments in information and communications technologies
Worldwide, the report finds nations' capacity to innovate is increasing across the board, although few have been successful so far in translating these investments into meaningful economic or social impact
Singapore leads the report's Networked Readiness Index, followed by Finland, Sweden, Norway and the United States
Source: World Economic Forum
"There is no listed infrastructure asset class" New EDHECinfra study finds no diversification benefits from 22 different proxies of listed infrastructure equity
July 5, 2016-EDHEC Infrastructure Institute-Singapore (EDHECinfra) has released a new paper entitled
"Searching for a Listed Infrastructure Asset Class" establishing that listed infrastructure securities cannot be considered a unique asset class.
Using mean-variance spanning tests for 22 different proxies of listed infrastructure that were added to the portfolio of a well-diversified investor, the authors find no conclusive evidence of a "listed infrastructure asset class" that was not already spanned by a combination of capital market instruments and alternatives or a factor-based asset allocation. The study tests for such effects in global, US and UK markets, going back 15 years and also for any persistence before and after the global financial crisis of 2008.
Source: EDHEC Infrastructure Institute
Deutsche Borse to divest Market News International
July 5, 2016--Deutsche Börse AG and Hale Global have entered into an agreement regarding the sale of Market News International, Inc. (MNI), a leading provider of macroeconomic and markets intelligence for global fixed income and foreign exchange market professionals.
Details of the deal are subject to a confidentiality agreement.
Source: Deutsche Börse AG
IMF Working paper-U.S. Dollar Dynamics: How Important Are Policy Divergence and FX Risk Premiums?
July 5, 2016--Summary: We investigate the drivers of dynamics of major U.S. FX bilaterals. We first construct a novel measure of FX risk premiums using Consensus exchange rate forecasts. We then use VAR analysis to show that (i) risk premium shocks play a key role in driving dynamics of the major U.S. FX bilaterals; (ii) longer-term interest differentials also matter, especially for the Canadian $ and the Euro; (iii) oil price shocks play a particularly important role for the Canadian $ (an oil exporter); and (iv) risk appetite shocks (e.g., VIX shocks) generally lead to U.S. dollar appreciation.
The importance of risk premium and longer-term interest differential shocks fit well with a simple theoretical model and are supported by recent event studies.
Source: IMF
Vanguard Attracts Record New Money as Investors Flock to Passive
July 5, 2016--Firm got $148 billion in inflows in first six months of 2016
Some rival managers struggle in competition for client cash
It,s another record for Vanguard Group Inc.
The firm, which has grown to become the world's largest mutual fund manager by offering low-cost investments, attracted $148 billion in new client money during the first six months of 2016, surpassing its previous first-half record of $140 billion set last year, a spokesman said in an e-mail on Tuesday.
Source: Bloomberg
ETF Securities Weekly Flows Analysis-Brexit not as bad as expected outside of UK
July 4, 2016--Inflows into gold ETPs of US$263mn on Friday 1st July were at their highest since inception, Brexit
has also driven large inflows into other safe haven assets such as silver and Swiss Franc.
More outflows from short GBP ETPs as investors take profit on Sterling depreciation
European stocks back to 2016 low triggers bargain-hunting in long European ex-UK equities
Source: ETF Securities
