Nasdaq Launches International Designation to Offer Non-U.S. Companies Increased Visibility to U.S. Investment Community
December 9, 2015--Nasdaq, Inc. (Nasdaq:NDAQ) today announced the launch of the Nasdaq International Designation, a new visibility offering available to non-U.S. companies that have Level 1 ADRs or shares that trade on the over-the-counter market.
Source: Nasdaq.com
ERI Scientific Beta indices: November 2015 smart beta index performance report published
December 9, 2015--Among the highlights of the November 2015 monthly performance report for the ERI Scientific Beta indices:
This month, the best performing index in the Developed World universe among smart factor indices is the SciBeta Developed High Profitability Diversified Multi-Strategy index, with a relative return of 0.84% compared to the broad cap-weighted index, while the SciBeta Developed Low Profitability Diversified Multi-Strategy index posts the lowest relative return (-0.49%).
Performance for smart factor indices exposed to risk factors known to be well rewarded over long periods remains strong, with annual performance in excess of broad cap-weighted indices ranging from 0.85% to 3.11% since inception for the Developed universe.
Scientific Beta Multi-Beta Multi-Strategy (MBMS) indices associate an effective choice of weighting scheme, in terms of diversification, with an allocation to well-rewarded smart factors, to prevent indices from being too concentrated in one factor and to reduce their specific risks.
Source: ERI Scientific Beta indices
Managers turn to reassuringly expensive smart beta as ETF fees fall
December 9, 2015--An ETF 'price war' is eating into providers' profits-and many hope that alternatively weighted products will help fill the coffers.
Source: Financial News
ETF sales surge 15% in a year
December 9, 2015--Net global sales of exchange-traded funds globally hit $319 billion in the first 11 months of 2015, a 15% increase on the previous record of $277 billion in the same period of 2014, according to data provider ETFGI.
ETFs have registered net inflows for the 22nd consecutive month, with net gains of $30 billion in November alone.
Source: Financial News
Infographic-Visualizing Chinese Investment in Africa
December 9, 2015--We have said previously that Africa is the new land of opportunity for speculators and investors.
Although there is no shortage of risks, the continent is home to vast amounts of resource wealth, the fastest growing class of millionaires, and even the world’s fastest growing city.
The Chinese must agree that there is great opportunity to be found on the second largest continent. That's why over the last decade, China has increasingly poured billions of dollars of foreign direct investment capital into Africa.
Source: visualcapitalist.com
NSE, LSE join hands to set up trading platform in Gift City
Collaboration includes new product developments, research
November 9, 2015--The National Stock Exchange (NSE) and the London Stock Exchange (LSE) have forged a partnership, which could see the two leading exchanges set up a joint trading platform at Gujarat International Finance Tec-City (Gift City).
The agreement also includes setting up a joint research centre to launch new trading products.
Source: Business Standard
Goldman puts its muscle into tech push
December 9, 2015--If Goldman Sachs had its way, "SETLcoin" could ultimately be as much a part of the financial services lexicon as dollar, euros or yen.
ETFs/ETPs listed globally have gathered a record 319 billion US dollars in net new assets this year as of the end of November 2015, according to ETFGI
December 9, 2015--ETFs/ETPs listed globally have gathered a record US$319.4 billion in net new assets as of the end of November 2015 which is 15% above the record level of US$277.3 billion of net new assets gathered at this point in 2014.
This marks the 22nd consecutive month of positive net inflows. The global ETF/ETP industry had 6,104 ETFs/ETPs, with 11,733 listings, assets of US$3.0 trillion, from 275 providers listed on 63 exchanges in 51 countries at the end of November, according to ETFGI's Global ETF and ETP insights report for November 2015.
Source: ETFGI
Oil falls below $40 a barrel for first time since February 2009
Major supermarkets cut petrol prices as The price of oil has fallen 40pc in the last 12 months as demand weakens
December 8, 2015--Benchmark oil contract Brent North Sea crude dropped under $40 a barrel for the first time in almost seven years amid a general collapse in commodity prices.
Brent North Sea crude for delivery in January slid as low as $39.81 a barrel -the lowest point since February 2009-on a global oil supply glut, weak demand growth and a strong dollar.
Source: The Telegraph
Continuing Slowdown in Emerging Markets Heralds Lengthy Era of Weak Growth
December 8, 2015--As the U.S. Federal Reserve considers an imminent rise in interest rates ahead of 2016, emerging markets face their fifth consecutive year of slowing growth and a possibly longer period of sluggish performance than previously thought, according to a new World Bank Policy Research Note: Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?
Since 2010, emerging market growth has been buffeted by global headwinds such as weak international trade, slowing capital flows, and slumping commodity prices, external challenges which have compounded domestic problems including blunted productivity and bouts of political uncertainty.
Source: World Bank