Global ETF News Older than One Year
EDHEC venture finds high volatility suits smart beta
September 3, 2015--The EDHEC-Risk Institute venture, ERI Scientific Beta, reports that smart beta performance has benefited from high volatility conditions.
The Scientific Beta Multi-Beta Multi-Strategy (MBMS) indices are outperforming cap-weighted indices, with year-to-date outperformance of 3.06 per cent the group reports, having taken the opportunity to review the performance of their Scientific Beta indices after the particularly volatile month of August on the markets.
Source: edhec-risk.com
Harmonisation of key OTC derivatives data elements (other than UTI and UPI) –-first batch, consultative report issued by CPMI-IOSCO
September 2, 2015--Harmonisation of the Unique Transaction Identifier (UTI), consultative report issued by CPMI-IOSCO The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative report entitled Harmonisation of the Unique Transaction Identifier (UTI).
G20 Leaders agreed in 2009 that all over-the-counter (OTC) derivatives contracts should be reported to trade repositories (TRs) as part of their commitment to reform OTC derivatives markets in order to improve transparency, mitigate systemic risk and protect against market abuse. Aggregation of the data reported across TRs is necessary to help ensure that authorities are able to obtain a comprehensive view of the OTC derivatives market and activity.
Source: IOSCO
IOSCO publishes Final Report on the Peer Review of Regulation of Money Market Funds
September 2, 2015--The Board of the International Organization of Securities Commissions (IOSCO) today published the final report on the Peer Review of Regulation of Money Market Funds, which describes the implementation progress made by 31 jurisdictions in adopting legislation, regulation and other policies in relation to money market funds (MMFs).
This report responds to a request from the G20 Leaders in September 2013 for IOSCO to conduct a peer review on progress regarding MMF regulatory reforms. The Review covers the implementation progress for the eight reform areas covered in IOSCO´s 2012 report on Policy Recommendations for Money Market Funds.
view the Peer Review of Regulation of Money Market Funds: Final Report
Source: IOSCO
Eurex Trading statistics August 2015
Eurex Exchange: ADV 5.8 million contracts/ISE: ADV 3.0 million contracts
September 1, 2015--In August 2015, the international derivatives markets of Eurex, part of Deutsche Börse Group, recorded an average daily volume of 8.8 million contracts (August 2014: 7.0 million). Of those, 5.8 million were Eurex Exchange contracts (August 2014: 4.8 million), and 3.0 million contracts (August 2014: 2.2 million) were traded at the New York based International Securities Exchange (ISE).
The volume traded on the spot and derivatives power markets of the European Energy Exchange (EEX) amounted to 201.6 terawatt hours (TWh) in August 2015 (August 2014: 129.7 TWh). Eurex Repo recorded in all markets in August 2015 an average outstanding volume of 149.3 billion euros.
Source: Eurex
WEF-The Future of Financial Services
September 1, 2015--In June, the WEF released the report-The Future of Financial Services report. Rapidly advancing technologies, evolving customer expectations and a changing regulatory landscape are opening doors to disruptive innovation in financial services.
From crypto-currencies to big data to peer-to-peer lending, fintech innovations have captured the attention and imagination of customers, investors and incumbents.
Source: WEF (World Economic Forum)
Exclusive: Citi aims to boost equities franchise amid industry shakeout
August 31, 2015-Citigroup plans to rebuild its long-neglected equities franchise seeking to capitalize on a retrenchment by rivals in the face of new rules designed to make the financial system less risky, according to people familiar with the bank's plans.
A lack of investment in equities and a traditional focus on bond trading kept the No. 3 U.S. bank by assets in the lower echelons of equities league tables, which measure how much revenue Wall Street banks earn from their equity trading units.
Source: Reuters
People living in countries with high levels of economic freedom are happier and have greater life satisfaction
July 28, 2015--Countries with higher levels of economic freedom have happier populations, finds a new study released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.
"There's a direct link between a country's level of economic freedom and its citizens' life satisfaction, or happiness. Clearly, living in an economically free society has an important impact on the average citizen," said Fred McMahon, the Fraser Institute's Dr. Michael A. Walker Research Chair in Economic Freedom.
Source: www.fraserinstitute.org
FTSE 100 Semi Annual Equally Weighted Index licensed for first ETF
August 14, 2015--FTSE Russell pleased to support the growth of liquid alternative funds with a new index.
New reference benchmark used for the launch of the Vanguard Alternative Strategies Fund FTSE Russell, the global index provider, today notes that Vanguard has selected the FTSE 3-month US T-Bill +4% (per annum) Index as the primary benchmark for the Vanguard Alternative Strategies Fund.
The fund follows an actively managed approach and invests in a variety of diversified alternative strategies. This fund will be added as an underlying investment within the Vanguard Managed Payout Fund, which was first launched in 2008.
Source: FTSE.com
Vanguard Alternative Strategies Fund to benchmark to new FTSE Index
August 14, 2015--FTSE Russell pleased to support the growth of liquid alternative funds with a new index
New reference benchmark used for the launch of the Vanguard
Alternative Strategies Fund
FTSE Russell, the global index provider, today notes that Vanguard has selected the FTSE 3-month US T-Bill
+4% (per annum) Index as the primary benchmark for the Vanguard Alternative Strategies Fund.
The fund follows an actively managed approach and invests in a variety of diversified alternative strategies.
This fund will be added as an underlying investment within the Vanguard Managed Payout Fund, which was first launched in 2008.
Source: FTSE.com
China's yuan depreciation could hit domestic firms
August 13, 2015--"There's this implicit assumption on the part of corporate CFOs in China that the renminbi is a one-way ride, that it's going to appreciate relative
to the dollar," says a portfolio manager.
China has allowed its currency to depreciate by about 4.4 percent since Tuesday, on hopes of boosting the domestic economy. But there may end up being serious negative consequences for the Chinese corporate sector.
Source: CNBC.com
