Global ETF News Older than One Year
Russia To Launch A Rating Agency By Year End
July 23, 2015--Russia is planning to launch a rating agency by the end of this year. The Central Bank of Russia (CBR) reported, the initial capital would be around $52 million.
The CBR said today in a statement the following:
...credit rating agencies are one of the most important elements of the financial market infrastructure. Their activities must be stable to various factors, including geopolitical risks.
...Russian market needs a strong credit rating agency with a high level of corporate governance and professional competence.
Source: emergingequity.org
Final criteria for identifying "simple, transparent and comparable" securitisations issued by the Basel Committee and IOSCO
July 23, 2015--The Basel Committee on Banking Supervision and the International Organization of Securities Commissions (IOSCO) today released final Criteria for identifying simple, transparent and comparable securitisations. The criteria are available on the websites of the Bank for International Settlements and IOSCO.
The purpose of these criteria is to assist in the financial industry's development of simple, transparent and comparable securitisation structures. They are not intended to serve as a substitute for investors' due diligence.
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Source: BIS
WEF Alternative Investments 2020: An Introduction to Alternative Investments
Source: WEF (World Economic Forum)
FTSE Russell Announces Launch of FTSE 50% Hedged Index Series
FTSE Russell, the global index provider, today announced the launch of the FTSE 50% Hedged Index Series,
becoming the first index provider to introduce an index series that is 50% hedged to the US dollar. The new
suite of international equity benchmarks is designed to help index users evaluate their currency exposures and
hedging strategies when investing outside the US.
Source: FTSE
Here's why ETFs are overtaking hedge funds
Exchange-traded funds, which are the primary vehicle for passive management, now have assets under management greater than hedge funds, according to a count from research firm ETFGI. ETFs primarily follow market indexes, while hedge funds use a mix of strategies to beat those same benchmarks.
Source: CNBC.com
World Gold Council-Investment commentary, looking into H2 2015
We believe that the gold price already reflects a possible rate hike later this year and that the US-centred perspective is missing a more comprehensive view of the market.
This latest edition of our Investment Commentary examines gold's year-to-date performance and explores the potential tailwinds and headwinds it may face during H2 2015:
Current market risks seem to be contained to either a sector or a region, but a prolonged environment of low rates has increased risk exposure globally
Volatility in the US stock market remains relatively tame and, historically, these periods are good opportunities for investors to buy portfolio protection
Source: World Gold Council
Eurex expands its dividend index derivatives offering
With this step, Eurex Exchange expands its dividend index product suite, which currently comprises the DivDAX and Euro STOXX Select Dividend 30 indices. Whereas the two existing contracts cover German and European stocks, the STOXX Global Select Dividend 100 Index offers investors the ideal tool to invest into 100 high dividend-yielding companies across developed countries from North America, Europe and Asia/Pacific. As of June 2015, nearly 1.7 billion euros in assets are invested in ETFs that are based on the STOXX Global Select Dividend 100 Index.
Source: Eurex
Institutions bulk up their ETF exposure
Uptake reached a new high in 2014, with 3,798 institutions investing in one or more ETF in 2014 compared with 3,590 in the previous year.
Source: Financial News
IMF Working paper-Systemic Risk, Aggregate Demand, and Commodity Prices
In addition, systemic risk shocks are shown to be important drivers of output gaps while country risk premium shocks can have important effects on the trade balance. Commodity prices, in particular the price of oil, are shown to be demand driven. The model performs well at one-and four-quarter horizons compared to a survey of analysts' forecasts. In addition, systemic risk shocks explain a large share of the forecast variance for the world output gap, country output gaps, the price of oil, and country risk premiums. The importance of systemic risk shocks lends support for financial surveillance with a systemic focus.
Source: IMF
IMF Working paper-From Systemic Banking Crises to Fiscal Costs: Risk Factors
We differentiate between immediate direct fiscal costs of government intervention (e.g., recapitalization and asset purchases) and overall fiscal costs of banking crises as proxied by changes in the public debt-to-GDP ratio. We find that both direct and overall fiscal costs of banking crises are high when countries enter the crisis with large banking sectors that rely on external funding, have leveraged non-financial private sectors, and use guarantees on bank liabilities during the crisis. The better quality of banking supervision and the higher coverage of deposit insurance help, however, alleviate the direct fiscal costs. We also identify a possible policy trade-off: costly short-term interventions are not necessarily associated with larger increases in public debt, supporting the thesis that immediate intervention may be actually cost-effective over time.
Source: IMF
July 23, 2015--The goal of this report is to provide policymakers, regulators, journalists, and the public with an objective overview of the industry in order to better understand the benefits and risks associated with the industry. We believe this is to be a critically important task, given the industry's increasingly central role in the economy and society and the often polarized debate about alternatives.
July 22, 2015--Underpins investor demand for more diverse currency index measures
Initially available on FTSE Developed ex-North America, Europe and Japan Indexes
IndexIQ to use as basis for the first suite of 50% currency-neutral hedged ETFs
July 22, 2015--The active versus passive debate just got a new wrinkle, and one analyst thinks he knows why.
July 21, 2015--Despite economic uncertainty in some regions, the gold price declined in the first half of 2015. While puzzling to some investors, this is consistent with market expectations that the risks could be contained.
Introduction of first global STOXX dividend index derivatives/Launch of STOXX Global Select Dividend 100 Index contracts on 20 July
July 20, 2015--The international derivatives marketplace Eurex Exchange, part of Deutsche Börse Group, launched new futures and options based on the STOXX Global Select Dividend 100 Index yesterday.
July 20, 2015--Insurance companies, pension funds and other institutional investors are becoming increasingly comfortable with exchange-traded funds and now account for 56% of the $2 trillion invested in ETFs listed in the US and 42% of the $2.6 trillion globally.
July 20, 2015--Summary: The paper presents a global model with systemic and country risks, as well as commodity prices.We show that systemic risk shocks have an important impact on world economic activity, with the busts in world output gap corresponding to unobserved systemic risk associated with major financial events.
July 20, 2015--Summary: This paper examines the risk factors associated with fiscal costs of systemic banking crises using cross-country data.
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