Global ETF News Older than One Year
Global alternative assets predicted to reach $15.3 trillion in 2020
June 29, 2015--A report just published by PwC predicts global alternative assets will increase to US$ 15.3tn by 2020.
In the lead up to it, the global alternative asset management industry is expected to experience a period of transformation as players calibrate their business and operations and make technology a top investment priority.
According to the report, 'Alternative Asset Management in 2020: Fast Forward to Centre Stage', the rapid developments in the global economic environment have pushed asset management to the forefront of social economic change. As a result, the need for sustainable long-term investment returns has propelled the alternative asset classes to centre stage.
view the PwC report-Alternative Asset Management in 2020: Fast Forward to Centre Stage
Source: PwC
Record zinc ETP inflows on rising expectations of production cuts
June 29, 2015--Overview
Commodity performance continues to be mixed as investors weigh concerns over the sustainability of Chinese growth against a broadening of the US economic recovery and possible reduction in Fed bond buying.
The three major central bank meetings this week will be closely watched for indications of possible policy changes. Some cyclical commodities such as crude oil and copper have been pressured by investor fears over the moderation of Chinese indicators, though positive rhetoric from Chinese officials recently, indicates they remain committed to growth.
SOurce: ETF Securities
Nasdaq Global Indexes to Maintain Last Trade Price on Greece Securities
June 29, 2015--Until further notice and in accordance with our indexes' published methodologies, Nasdaq Global Indexes will maintain the Friday, June 26, 2015, closing price, or last trade price received on June 26 if there was no official closing price, for index securities listed on the Athens Stock Exchange.
Nasdaq Global Indexes will continue to monitor the Greece and European Union situation.
Source: Nasdaq.com
Key legal framework laid for China-initiated AIIB
June 29, 2015--Delegates of the 57 prospective founding countries of the Asian Infrastructure Investment Bank (AIIB) on June 29 gathered in Beijing for the agreement signing ceremony, which will lay the legal framework for the China-initiated multilateral institution.
The 60-article agreement outlined the financial share of each member, policymaking, business and operational systems, and governance structure. The AIIB is designed to finance infrastructure building in Asia.
Source: www.gov.cn
MSCI says China faces "massive job" to join A-shares index
June 29, 2015--MSCI Inc said on Monday China's securities reglator faces a "massive job" to coordinate the changes needed for domestic shares to be listed in its key emerging markets index.
"It's not a simple issue-they have to coordinate nine ministries...so don't underestimate how difficult this task is," Chris Ryan, head of Asia Pacific at MSCI, told an investor conference in Hong Kong.
Source: Reuters
Nasdaq Launches Index Calculation System for Marketplaces
Offering gives exchanges index producer capabilities, opportunities for new revenue streams
Singapore Exchange to leverage technology to boost index services offering
June 29, 2015--Nasdaq (Nasdaq:NDAQ) announced today the launch of the Nasdaq Index Calculation System, a standalone solution that provides marketplaces with a highly flexible index calculation platform to compute multi-asset, multi-currency indexes.
The system enables exchanges to operate and administer index calculations in-house, which gives them the flexibility to define and create unique products while maintaining operational control and controlling IP ownership over the marketplaces' indexes.
Source: Nasdaq.com
BIS Renews Call for Tougher Fund Rules Amid 'New Risks'
June 28, 2015--Asset managers who pick up the credit business that banks are shunning create new risks to financial stability because they fuel bubbles and may amplify potential stress, the Bank for International Settlements said.
Regulators should consider restricting asset managers' ability to shift investments quickly, capping,leverage and introducing liquidity buffers, as well as limiting rapid redemptions, the BIS said in its annual report published on Sunday.
Source: Bloomberg
The wasteful regime fund managers are loath to dump in the skip
June 28, 2015--Milton Friedman defined the most wasteful form of expenditure as one where an individual spends another person's money on some third party.
The economist wasn't thinking about asset management when he made the observation. But he might have been.
His bon mot pretty much sum up the way fund managers operate: charging clients to manage their money and then dipping into customers' funds freely to buy the services needed to do the job.P>view more
Source: FT.com
Morgan Stanley Weighs New Bond-Trading Push
Firm weighs new effort in fixed-income trading to help hit profit targets after postcrisis retreat
June 28, 2015--After years of ratcheting back trading operations in favor of more stable businesses, Morgan Stanley is quietly plotting a comeback.
The Wall Street firm is pushing for more fixed-income trading business, where it lost billions of dollars during the crisis and historically suffered from bad timing.
Source: Wall Street Journal
Don't let the unthinkable become the new normal, says BIS in 85th Annual Report
June 28, 2015--"There is something deeply troubling when the unthinkable threatens to become routine,"" writes the Bank for International Settlements (BIS) in its 85th Annual Report, released today.
In its main economic review of the year, the BIS calls for a shift to a longer-term focus in policymaking, with the aim of restoring sustainable and balanced growth.
The global economy has been growing not far away from historical average rates. Lower oil prices have provided a welcome boost, and dollar appreciation has shifted growth momentum from stronger to weaker economies. But the global expansion remains unbalanced, debt levels and financial risks are still too high, productivity growth is too low, and the room for manoeuvre in macroeconomic policy has continued to narrow.
view the BIS-85th Annual Report, 2014/15
Source: BIS
