The Startup Universe Explained in 27 Facts
October 14, 2015--Today's infographic provides context on the startup universe.
Find out, which tech companies are making a splash,, as well as many other striking facts.
Source: visualcapitalist.com
BNY Mellon Q3 2015 ETF Newsletter
October 13, 2015--Global Market Commentary
Globally, as of August 31, 2015 there were 4,264 ETFs across 8,100 listings and total assets of $2.727 trillion.
There are a total 235 providers on 61 exchanges.
Global net inflows into ETFs YTD 2015 reached $213.44 billion. iShares, Vanguard and Deutsche Bank led global inflows (as well as US inflows), while SPDR ETFs, Harvest Asset Management, and Huatai GB led global outflows.
There have been 459 new ETFs launched globally YTD 2015 from 106 providers, while 157 ETFs closed.
Source: ETFGI, August 2015
U.S. Market Commentary
The United States has 1,500 ETFs with assets of $1.95 trillion as of the end of August 2015. There are 70 ETF providers on 3 exchanges. The US represents 71.6 percent of global ETF assets. As of the end of August, the YTD net new inflows into ETFs was $122.56 billion, which represents 57 percent of global inflows.
Source: BNY Mellon
Regulatory cost stifles fund boutiques
October 11, 2015--Regulators are pursuing a reform agenda that is damaging the fund management industry, particularly boutique asset managers, by raising costs and stifling innovation, according to a think-tank.
Source: FT.com
Chancellor announces London and Lima stock exchange collaboration
October 9, 2015--The Chancellor has today (9 October 2015) announced that the London Stock Exchange Group and the Lima Stock Exchange, Bolsa de Valores de Lima, will work together to enhance liquidity in Peruvian financial markets.
Alongside this work, LSEG and BVL will explore the possibility of collaborating on the ELITE Programme, the innovative business support programme for high growth private companies.
Source: HM Treasury
World Economic and Financial Surveys-Regional Economic Outlook: Western Hemisphere
October 9, 2015--Economies in the Western Hemisphere are generally seeing a slowdown in growth. The U.S. economy regained momentum after a slow start at the beginning of the year, while in Latin America and the Caribbean economic activity continues to decelerate at the regional level.
Stronger U.S. growth should benefit countries in the region, especially those with tighter links through trade, remittances, and tourism (Mexico, Central America, and the Caribbean).
Weaker commodity prices for the foreseeable future, however, will continue to hurt South America's net commodity exporters-lowering national incomes, reducing investment, and worsening fiscal balances.
Source: IMF
ADO Properties will replace DO Deutsche Office in SDAX
Extraordinary adjustment to be effective as of 13 October
October 8, 2015--Deutsche Börse AG has announced an extraordinary adjustment in SDAX: ADO Properties S.A. will replace the share of DO Deutsche Office AG.
Due to the acquisition of DO Deutsche Office by alstria office REIT-AG, the free float of DO Deutsche Office changed again and dropped to 9.45 percent. With a free float below 10 percent, the company is ineligible for index inclusion, according to the rules in the Guide to the Equity Indices of Deutsche Börse. The change will become effective on Tuesday, 13 October 2015.
Source: Deutsche Börse
China launch of renminbi payments system reflects Swift spying concerns
October 8, 2015--China launched a cross-border renminbi payments system on Thursday, a big step in its drive to boost international use of the Chinese currency and protect itself from US spy agencies with access to the Swift system.
Source: FT.com
Nasdaq's SMARTS Launches Trade Surveillance Monitoring for Dark Pools
October 8, 2015-- Nasdaq, the world's leading provider of trade surveillance technology to marketplaces,
regulators and market participants, has officially launched new trade surveillance monitoring capabilities for dark trading activity alongside its award-winning SMARTS Trade Surveillance platform.
Source: Nasdaq.com
London Stock Exchange sells Russell Investments for $1.2bn
Exchange completes sale to US investment group TA Associates after China deal unravels
October 8, 2015--The London Stock Exchange Group is to sell the asset management arm of the Frank Russell investment firm it bought last year.
The company behind London's stock exchange, clearing houses and financial indices has agreed to sell Russell Investments for $1.15bn (£752m) in cash to US private equity group TA Associates.
Source: The Telegraph
How Fiscal Policy Can Tame the Commodities Roller Coaster
October 7, 2015--Countries that build buffers have a softer landing when commodity prices and revenues go down
Public investment and social spending must be carefully managed to deliver long-lasting benefits
Strong fiscal frameworks and institutions can ensure natural resources support long-term growth
Resource-rich economies face enormous challenges to manage volatile and unpredictable commodity prices. In its latest Fiscal Monitor, the IMF examines how countries can tax and spend wisely so that their oil, gas and metals support strong and stable economic development.
view the Fiscal Monitor-The Commodities Roller Coaster A Fiscal Framework for Uncertain Times
Source: IMF