Global ETF News Older than One Year
Institutional Investors: The Unfulfilled $100 Trillion Promise
June 18, 2015--STORY HIGHLIGHTS
Institutional investors are a large and growing actor in global financial markets, with nearly $100 trillion of assets under management in OECD countries alone.
Policy makers have supported institutional investors in the hope that they would help diversify risk, increase access to finance, and improve stability by investing counter-cyclically.
A growing body of research suggests that institutional investors have failed to live up to their early promise.
Source: World Bank
DGCX-Middle-Earth: FOMC still uncertain: Dollar hits one month low, Asia markets reacted positive
June 18, 2015--MARKET PULSE
FOMC: Fed Officials Downgrade Growth Outlook for 2015
Fed Chair Yellen: Fed will consider rate increases on meeting by meeting basis; Conditions for first rate increase not yet met; Fed decisions will depend on actual data in months ahead
Fed: GDP to grow 1.8% to 2.0% in 2015, vs March forecast of 2.3% to 2.7%
Fed: Unemployment rate expected to be slightly higher at the end of the year at 5.2% to 5.3%
Fed: Inflation remains low between 0.6% to 0.8% but is expected to gradually rise to its 2% target over the medium term
ECB to raise ELA Greek ceiling to €84.1B from €83.0B
GoI approves 16 Foreign Direct Investment proposals Worth Rs. 67.51B
GoI hikes import duty on flat steel products to 10% from 7.5% from June 16th. Duty on stainless steel unchanged
Source: DGCX
Losing edge in ETFs, State Street turns to hedge funds
June 18, 2015--Firm is expanding hedge funds and alternative investment strategies that can be offered to individual investors
The firm is expanding hedge funds and alternative investment strategies that can be offered to individual investors, Ronald O'Hanley, who in April replaced Scott Powers as head of the $2.45 trillion State Street Global Advisors, said in an interview from Boston. The money-management unit this month named Michael Ho to a newly-created role of chief investment officer for alternatives.
Source: Investment News
Global watchdog says to study bond market liquidity
June 17, 2015--Global regulators will review the structure of bond markets to see if any changes are needed as central bankers fret over the possibility of more "taper tantrums" once interest rates start to rise.
The International Organization of Securities Commissions (IOSCO), which groups market watchdogs from more than 100 countries, said its review would look at liquidity in the sector.
Source: Reuters
DMS-Indonesia On Right Track, But Still Has Many Hurdles To Overcome
July 17, 2015--It was with much anticipation on July 9, 2014, when Joko Widodo was elected President of Indonesia, the ASEAN region's largest economy with just over 53% of the vote.
I have written extensively about the significance of his election as well as that of India's Narendra Modi, not only because of their policies, but also because of who they are and where they came from. In too many countries in the developing world, it is the political elite who form dynasties and enrich themselves, in many cases at the expense of the population.
Source: Source: Peter Kohli of DMS for Nasdaq.com
World Bank Aging in Europe and Central Asia- A Gray Tsunami or a Golden Era?
New World Bank report looks at both the challenges and opportunities of an aging population
June 17, 2015--Societies are aging across Europe and Central Asia, but individuals are not-a demographic trend driven primarily by declining fertility rates rather than increased longevity, says the new World Bank report, Golden Aging: Prospects for Healthy, Active and Prosperous Aging in Europe and Central Asia.
Launched today in Vienna at the Ministry of Finance, the report finds that the social and economic consequences of aging societies are complex and diverse-but not necessarily negative. The report identifies significant opportunities in a range of policy areas which, if fully seized, can help societies foster more active, healthy, and productive aging.
view the World Bank report-Aging in Europe and Central Asia-A Gray Tsunami or a Golden Era?
view the infographic-Golden Aging in Europe and Central Asia
Source: World Bank
Regulation is untapped resource for growth-study
June 17, 2015--Financial firms are failing to capitalize on regulation for investment and business change, as the investment banking community struggle with a state of constant regulatory change dubbed 'The New Normal.'
According to new research from IT services and banking consultancy, GFT, just 18% of respondents from the 66 global investment banks and central counterparties (CCPs) surveyed are treating regulation as an opportunity to drive investment and business change in their organisations, marking a sign of an untapped area for future growth.
Source: FOW
OECD-Financial sector must promote inclusive growth
June 17, 2015--Finance is a key ingredient of modern economies, but too much finance may hamper economic growth and worsen income inequality, according to new research from the OECD.
The OECD's latest work on Finance and Inclusive Growth analyses 50 years of data to demonstrate the variable effects that further expansion of different types of finance can have on both economic activity and inequality.
Source: OECD
IOSCO publishes report on credible deterrence approaches in securities market regulation
June 17, 2015--The International Organization of Securities Commissions has published the report Credible Deterrence, which identifies key enforcement factors that may deter misconduct in international securities and investment markets.
June 17, 2015--The report draws on the collective experience and expertise of IOSCO members and was produced by IOSCO's Committee 4 on Enforcement and the Exchange of Information, which is chaired by the UK Financial Conduct Authority (FCA).
It identifies key elements in the prevention of misconduct and financial crime from a range of international regulatory authorities and encourages regulators operating in both emerging and developed markets to consider how they might integrate credible deterrence into new or existing enforcement strategies.
view the report Credible Deterrence
Source: IOSCO
Plans to label big fund managers 'systemic' in jeopardy
June 17, 2015--A global effort to label the biggest asset managers as "systemically important" and subject them to greater scrutiny is in jeopardy after the world's market regulators hit back at the plans.
Leaders of Iosco, the global securities regulators meeting in London this week, said on Wednesday they think it is more important to focus on understanding the risks posed by the sector as a whole than to worry about specific large firms.
Source: FT.com
