Global ETF News Older than One Year
STOXX Extends Suite of Smart-Beta Indices
May 26, 2016--STOXX Ltd., the operator of Deutsche Boerse Group's index business, and a global provider of innovative and tradable index concepts, today announced an extension of the STOXX Select and STOXX Diversification Select index families that were introduced in October 2015.
The newly launched indices combine investment themes such as Low Carbon and ESG with low volatility, high dividend and low correlation screens, thus creating hybrid index concepts.
Source: STOXX
BIS-First phase of a global code of conduct for currency markets published
May 26, 206--The first phase of the Global Code of Conduct for the Foreign Exchange Market and principles for adherence to the new standards were released today in New York by the Foreign Exchange Working Group (FXWG).
"In a globalised world, the foreign exchange market is one of the most vital parts of the financial plumbing," said FXWG chairman Guy Debelle, Assistant Governor of the Reserve Bank of Australia
view the Global Code of Conduct for the Foreign Exchange Market
Source: BIS
China chooses London for its first ever sovereign renminbi (RMB) bond issued outside of China
May 26, 2016--Worth RMB 3 billion (approximately £300 million, this is the first ever Chinese sovereign RMB bond to be issued outside of China, underlining London's status as the leading western RMB hub, and a leading global financial centre.
Issued in London by the Chinese government, the bond, worth RMB 3 billion (approximately £300 million), is the first Chinese sovereign RMB bond to be issued outside of China.
Source: HM Treasury
Tesla's Rise Has Inspired a Dozen New EV Rivals
May 26, 2016--If imitation is the sincerest form of flattery, then Elon Musk should be blushing.
In addition to the increased competition from big auto manufacturers, there are also now many venture-backed startups that are now kicking tires within the electric vehicle industry.
Source: visualcapitalist.com
China Pricing First Offshore Bond in London to Boost Hub Status
May 25, 2016-- Investor meeting attended by Bank of England, U.K. Treasury
HSBC and Bank of China are global coordinators of the sale
China plans to sell 3 billion yuan ($458 million) of sovereign bonds in London on Thursday in the nation's first offshore sale outside of Hong Kong as the biggest emerging-nation economy seeks to internationalize its currency.
Source: Bloomberg
Vanguard taps MassMutual exec to lead finance division
May 25, 2016--One of the world's largest money managers and has benefited from growing investor demand for exchange-traded funds
Source: Financial News
Pay for What you Get: Scientific Beta to offer revolutionary alternative to fixed fees on assets under management
May 25, 2016--ERI Scientific Beta, the smart beta index provider offshoot of EDHEC Risk Institute today announced a revolutionary "pay for what you get" approach to index pricing that will disrupt the traditional model of fixed fees on assets under management and enable investors to relate their fees directly to smart beta index performance.
As a non-profit academic institution, ERI Scientific Beta has always sought to provide the best research with favourable conditions to allow investors to invest in the best conditions possible.
Source: ERI Scientific Beta
Third annual FTSE Russell survey signals smart beta turning point for asset owners
May 24, 2016--FTSE Russell today confirmed a turning point in the consideration and implementation of smart beta indexes among global institutional asset owners.
According to its third annual global institutional market survey-Smart Beta: 2016 Global Survey Findings from Asset Owners-FTSE Russell confirms that the percentage of asset owners currently evaluating smart beta has doubled from 15% at the first survey in 2014 to 36% in 2016, and 62% of asset owners with an existing smart beta allocation are now evaluating additional allocations. The strongest growth in smart beta adoption is among asset owners with less than $1 billion in assets.
Source: FTSE Russell
Infographic-An Inside Look at the World's Biggest Paper Gold Market
May 24, 2016--Every day, there are a whopping 5,500 tonnes ($212 billion) of gold traded in London, making it the largest wholesale and over-the-counter (OTC) market for gold in the world.
Source:: visualcapitalist.com
GDP Growth-First quarter 2016, OECD-OECD GDP growth stable at 0.4% in the first quarter of 2016
May 20, 2016--Growth of real gross domestic product (GDP) in the OECD area was unchanged, at 0.4%, in the first quarter of 2016, but with diverging growth patterns across major economies, according to provisional estimates.
In the United Kingdom and the United States, growth decelerated to 0.4% and 0.1%, respectively in the first quarter, compared with 0.6% and 0.3% in the previous quarter.
Growth remained volatile in Japan with GDP rebounding strongly (up 0.4%) following the contraction of 0.4% in the previous quarter.
In Germany and France, growth accelerated to 0.7% and 0.5%, respectively in the first quarter, compared with 0.3% in both countries in the previous quarter. Growth also picked up marginally in Italy, to 0.3% compared with 0.2% in the previous quarter.
In the European Union and the euro area GDP growth also picked up, to 0.5%, compared with 0.4% and 0.3%, respectively in the previous quarter.
Source: OECD
