Global ETF News Older than One Year
LSE CEO Rolet Sees Need for Only a Few Global Exchange Operators
November 18, 2015--The global exchange industry is a work in progress, according to London Stock Exchange Group PLC Chief Executive Officer Xavier Rolet.
Rolet said that more consolidation is coming in the industry, and will only leave a handful of major exchange operators in the world, likely from the U.S., China and Europe.
Source: Bloomberg
Successful market launch of CEINEX
Launch ceremony with Chinese ambassador and the CEOs of SSE and Deutsche Börse
November 18, 2015--China Europe International Exchange (CEINEX), the joint venture of Shanghai Stock Exchange (SSE), Deutsche Börse and China Financial Futures Exchange (CFFEX) was successfully launched today in Frankfurt.
First trades have already taken place in the first hours of market operations.
Source: Deutsche Börse
Infographic-The Collapse of Commodities in One Simple Chart
November 18, 2015--This chart from Macquarie puts the year in perspective for commodity investors. It covers various asset classes including equities, FX markets, bonds, and commodity prices, and charts them YTD in terms of US dollars and expressed as a percentage.
For a simple chart, there is a lot of information here to consider.
For starters, on the far right is the prime culprit in stymying commodity markets: the Dollar Index. The US dollar, which commodities are priced in, has had a big year with close to a 10% return YTD. While the US economy is still suspect at best, it has served as a safe haven for investors this year over markets such as Europe, China, and Japan. As a result, the USD has had the best performance of all of these asset classes listed on the chart.
Source: visualcapitalist.com
Basel Committee's interim impact analysis of its fundamental review of the trading book
November 18, 2015--The Basel Committee on Banking Supervision has today published the results of its interim impact analysis of its fundamental review of the trading book.
The report assesses the impact of proposed revisions to the market risk framework set out in two consultative documents published in October 2013 and December 2014. Further revisions to the market risk rules have since been made, and the Committee expects to finalise the standard around year-end.
view the BIS-Fundamental review of the trading book-interim impact analysis
Source: BIS
Franklin Templeton Investments Appoints Head of Global Exchange Traded Funds
November 17, 2015--Franklin Templeton Investments today announced that Patrick O'Connor has joined the firm as Head of Global Exchange Traded Funds (ETFs).
In this new role, O'Connor will focus on shaping and developing the firm’s ETF capabilities. He will be based in San Mateo, California, and will report to Jenny Johnson and Vijay Advani, co-presidents of Franklin Resources, Inc.
Source: Franklin Templeton
Marriott to create world's biggest hotel chain
November 17, 2015--Marriott International Inc will buy Starwood Hotels & Resorts Worldwide Inc for $12.2 billion to create the world's largest hotel chain with top brands including Sheraton, Ritz Carlton and the Autograph Collection.
The combined company will have over 5,500 hotels with 1.1 million rooms worldwide, giving Marriott a greater presence in markets such as Europe, Latin America and Asia and allowing it to better compete with apartment-sharing startups such as Airbn.
Source: Today's Zaman
Proposed Shanghai-London link won't copy Stock Connect-LSE Group exec
November 17, 2015--A proposed link between the London and Shanghai exchanges will not be a "copycat" of the landmark Hong Kong-Shanghai Stock Connect scheme due to differences in time-zones and investor bases, a London Stock Exchange Group executive said.
Jessie Pak, managing director at index provider FTSE Russell Asia, owned by the LSE Group, told the Reuters Global Investment Outlook Summit on Tuesday it was too early to say what the scheme would look like but it was unlikely to take the form of the Hong
Source: Reuters
ESMA-Discussion Paper on the validation and review of Credit Rating Agencies' methodologies
November 17, 2015--ESMA has published the Discussion Paper-On the validation and review of Credit Rating Agencies' methodologies.
Source: ESMA
Investors flee precious metals as ETF outflows top $1bn
Gold trades near five-year lows and banks including Barclays forecast more price declines.
November 16, 2015--Investors are back to dumping precious metals as gold trades near five-year lows and banks including Barclays Plc forecast more price declines.
Outflows from US exchange-traded funds backed by precious metals have reached $1.12 billion so far in November, heading for the first monthly loss since July, data compiled by Bloomberg show.
Source: MineWeb
Gold rebounds on flight to safety as Paris attacks hit shares
Gold rebounds from six-year low hit last week
November 16, 2015--Gold rose about one percent on Monday, rebounding from a six-year low hit last week as the multiple attacks in Paris led to a bout of global risk aversion
Aource: AME Info
