Global ETF News Older than One Year
MSCI tightens index composition rules
March 1, 2016--Index provider MSCI has said it will no longer include in its indices companies that the Hong Kong regulator has flagged for a high concentration of ownership, after steep rise and sharp plunge of Hanergy stock last year raised investor concerns over potential manipulation of closely-held stocks in the territory.
Source: FT.com
Animation: Wealth vs. Population for USA, China, and India (1970-2030)
February 29, 2016--China already consumes mind-boggling amounts of raw materials, contributes 30.3% of global growth, and has a new spending class of 415 million millennials that is starting to demand middle class comforts.
But, if you’re still skeptical of this new economic paradigm, today's animation shows it all in the simplest terms possible.
Source: visualcapitalist.com
Vanguard Lowers Fees on 42 Funds
The latest round of reduced expense ratios saved investors $55 million, according to the fund giant
February 29, 2016--Vanguard says that 42 of its mutual funds, including seven ETFs and four target-date funds-are now being offered to investors with lower fees.
According to the fund group, those invested in the funds recently saved $55 million as of Friday. This is the third announced reduction in Vanguard's fiscal year 2015; the reported changes have helped investors in 130 fund shares save a total of $142 million.
Source: thinkadvisor.com
Vanguard Lowers Fees on 42 Funds
The latest round of reduced expense ratios saved investors $55 million, according to the fund giant
February 29, 2016--Vanguard says that 42 of its mutual funds, including seven ETFs and four target-date funds-are now being offered to investors with lower fees.
According to the fund group, those invested in the funds recently saved $55 million as of Friday. This is the third announced reduction in Vanguard's fiscal year 2015; the reported changes have helped investors in 130 fund shares save a total of $142 million.
Source: thinkadvisor.com
Institutionalizing Countercyclical Investment: A Framework for Long-term Asset Owners
February 29, 2016--Summary: Do portfolio shifts by the world's largest asset owners respond procyclically to past returns, or countercyclically to valuations? And if countercyclical investment(with both market-stabilizing and return-generating properties) is a public and private good, how might asset owners be empowered to do more of it? These two questions motivate this study.
Based on analysis of representative portfolios (totaling $24 trillion) for a range of asset owners (central banks, pension funds, insurers and endowments), portfolio changes typically appear procyclical. In response, I suggest a framework aimed at jointly bolstering long-term returns and financial stability should:(i) embed governance practices to mitigate 'multi-year return chasing;' (ii) rebalance to benchmarks with factor exposures best suited to long-term investors; (iii) minimize principal-agent frictions; (iv) calibrate risk management to minimize long-term shortfall risk (not short-term price volatility); and (v) ensure regulatory conventions do not amplify procyclicality at the worst possible times.
Source: IMF
The Decarbonise/ Re-energise Green Paper
February 29, 2016--Ahead of the Decarbonise/Re-energise one day workshop series commencing on March 10th 2016, Responsible Investor has published a Green Paper which serves as a guide for the workshop discussions.
The Green Paper highlights the market movements, with a particular focus on post COP21 objectives, that have driven the discussion and key questions around low carbon investing that industry participants are considering today.
Source: responsibleinvestor.com
Pimco ETF and wealth management boss exits
February 26, 2016--A Pimco veteran who headed both the bond giant's UK global wealth management division and its exchange-traded fund business across Europe, the Middle East and Africa, has left the firm after 15 years, months after assuming overall ETF responsibilities for the region.
Source: Financial News
Infographic-The March to a Billion Users-How long did it take for each app to hit the 1B mark?
February 26, 2016--With approximately 3.3 billion people now using the internet, how hard can it possibly be to reach one billion of them each month?
It turns out that it's quite a challenge.
Apple, the largest company by market capitalization, doesn't have a single product with that kind of penetration.
Source: visualcapitalist.com
OECD-Global economy urgently needs a stronger and more coherent policy response to promote robust and inclusive growth
February 26, 2016--Policymakers need to deploy broad-based reform plans that incorporate monetary, fiscal, and structural policies to stimulate persistently weak demand, re-launch productivity growth, create jobs and build a more inclusive global economy, according to the OECD's annual Going for Growth report.
Going for Growth 2016 offers a comprehensive assessment of how government policy reforms affect economic performance and their citizens' well-being. It identifies new priorities to revive growth and underscores the importance of synergies among policies in designing reform programmes.
view the OECD Economic Policy Reforms 2016 Going for Growth Interim Report
Source: OECD
When Currency Pegs Break, Global Dominoes Fall
February 25, 2016--The U.S. dollar has risen by more than 35% against other major trading currencies since mid-2014.
If all currencies floated freely on the global foreign exchange (FX) market, this dramatic rise would have easily predictable consequences: everything other nations import that is priced in dollars (USD) costs 35% more, and everything the U.S. imports from other major trading nations costs 35% less.
Source: emergingequity.org
