Global ETF News Older than One Year
BlackRock to Vanguard Tell FSB: We're Not Lehman 2.0
June 2, 2015--The world's biggest investment managers, from BlackRock Inc. to Vanguard Group Inc., have a simple message for Mark Carney, head of the Financial Stability Board: stop trying to regulate us like banks.
The firms are seeking to avoid the fate of lenders and insurers that were deemed systemically important in the wake of the 2008 financial crisis.
Source: Bloomberg
Oil and gas CEOs call for carbon price as Exxon, Chevron outline climate strategy
June 2, 2015--The CEOs of six of the largest energy companies worldwide want national governments to put a price tag on greenhouse gas emissions.
In a letter addressed to Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change, the authors call upon the United Nations and countries to "open a direct dialogue" on climate change and carbon pricing, "including at the UNFCCC negotiations in Paris and beyond."
Source: E&E Publishing
Larry Fink: Like Europe, Don't Fall In Love With It
June 2, 2015--Europe is currently a good bet for equity investors, but there's reason for caution over the long term, said the head of the world's largest asset manager.
Speaking at a New York investor day Tuesday, BlackRock CEO Larry Fink said European equities look attractive over the next year, but that concerns about the region's long-term health remain.
Source: Wall Street Journal
IMF-An Overview of Islamic Finance
June 2, 2015--Summary: Islamic finance has started to grow in international finance across the globe, with some concentration in few countries. Nearly 20 percent annual growth of Islamic finance in recent years seems to point to its resilience and broad appeal, partly owing to principles that govern Islamic financial activities, including equity, participation, and ownership.
In theory, Islamic finance is resilient to shocks because of its emphasis on risk sharing, limits on excessive risk taking, and strong link to real activities. Empirical evidence on the stability of Islamic banks, however, is so far mixed. While these banks face similar risks as conventional banks do, they are also exposed to idiosyncratic risks, necessitating a tailoring of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far reaching and need careful considerations.
Source: IMF
OECD updates its Better Life Index
June 2, 2015--The OECD today launched the 2015 update of the Better Life Index (www.oecdbetterlifeindex.org), an online, interactive tool that invites people to create their own index according to their priorities in 11 topics
-housing, income, jobs, community, education, environment, governance, health, life satisfaction, safety, work-life balance.
Source: OECD
Six Vanguard TSX-Listed International Equity ETFs To Broaden Diversification With All-Cap Exposure
June 2, 2015--Six ETFs to receive new names
Access to China A-shares proposed for Vanguard FTSE Emerging Markets Index ETF and Vanguard FTSE All-World ex Canada Index ETF
Management fee reductions announced for Europe and Asia Pacific ETFs
Two existing developed markets ETFs to provide exposure to Canada and exclude only the U.S.
Preliminary prospectus filed for two new developed markets ETFs that would exclude both Canada and the U.S.
Vanguard Investments Canada Inc. today announced a series of changes to its Canadian ETF line-up. The firm is proposing to broaden the diversification of six Vanguard TSX-listed international equity index ETFs and move them to all-capitalization benchmarks.
Source: Vanguard
Ready or not, here "IoT" comes!
June 2, 2015--By now you've surely heard the predictions: The Internet of Things (IoT) is coming and it's going to forever change the financial services industry.
So, just what is IoT? First documented in 1999, IoT is expected to offer advanced connectivity of devices, systems and services that will enable automation and advanced application
view the inforgraphic-The Internet of Things
Source: CDW
BIS-Credit risk management across sectors-report released by the Joint Forum
June 2, 2015--Today the Joint Forum released its report Developments in credit risk management across sectors: current practices and recommendations.
The report provides insight into the current supervisory framework around credit risk, the state of credit risk management at firms and implications for the supervisory and regulatory treatments of credit risk.
It is based on a survey that the Joint Forum conducted with supervisors and firms in the banking, securities and insurance sectors globally in order to understand the current state of credit risk management given the significant market and regulatory changes since the 2008 financial crisis. Fifteen supervisors and 23 firms from Europe, North America and Asia responded to the survey.
Source: BIS
Source joins forces with FTSE Russell and Research Affiliates to launch innovative index series
June 1, 2015--Source, one of the largest providers of Exchange Traded Products (ETPs) in Europe, has worked with FTSE Russell and Research Affiliates to create the FTSE RAFITM Equity Income Index Series, a new family of indices targeting high dividend-paying stocks which have also been screened to favour sustainable income.
Research Affiliates is a global leader in "smart beta" and asset allocation. The innovative strategies and asset allocation models developed by the firm over the years have since been incorporated into portfolios by investment professionals throughout the world.
Source: Source ETFs
Average daily volume of 10.1 million contracts at Eurex Group in May
Segment interest rate derivatives volume with significant increase year-on-year
June 1, 2015--In May, the international derivatives exchanges of Eurex, part of Deutsche Börse Group, recorded an average daily volume of 10.1 million contracts (May 2014: 8.1 million).
Of those, 7.7 million were Eurex Exchange contracts (May 2014: 6.0 million), and 2.4 million contracts (May 2014: 2.1 million) were traded at the U.S.-based International Securities Exchange (ISE), part of Eurex Group. In total, 147.0 million contracts were traded at Eurex Exchange and 48.7 million at the ISE.
Source: Eurex
