Global ETF News Older than One Year
Citadel plots ETF block trades
April 10, 2015--Citadel Securities plans to start executing exchange-traded fund block trades by the end of the year
ramping up its capabilities in the products as assets in ETFs globally swell.
Source: Financial News
BlackRock ETP Landscape: March driven by non-US equity
April 10, 2015--NON-U.S. DEVELOPED MARKETS EQUITY ETP FLOWS SURGED IN MARCH TO SECURE BEST Q1 ON RECORD
Global ETPs gathered $36.1bn to lift Q1 flows to $97.2bn, nearly triple the total from Q1 2014
Nearly all of the March flows went to non-U.S. developed markets equity funds, led by a new high for European exposures of $14.8bn and accelerating Japanese equity flows of $8.3bn
Currency-hedged equity had its best month ever, accounting for $13.4bn spread across Europe, EAFE and Japan exposures as investors anticipated further strengthening of the U.S. dollar
Source: BlackRock- ETP Research
A-shares inclusion in MSCI indexes likely: analyst
April 10, 2015--Morgan Stanley Capital International(MSCI) has kicked off a second round of surveys among global institutional investors concerning listing A-shares in the MSCI All Country World Index and will make a final decision in June, according to Shanghai-based China Business News.
China's A-shares refer to shares of firms incorporated in mainland China, traded on the Shanghai and Shenzhen stock exchanges and quoted in renminbi. They are mostly traded by Chinese investors and some delegated overseas institutional investors.
Source: Chinese Times
DECPG Global Weekly- April 10, 2015
April 10, 2015--Taking Stock
Euro Area private sector continued to expand. The Markit Eurozone final composite output index climbed to an
11-month high of 54.0 in March from 53.3 in February (Figure 1). Both the manufacturing and service sectors
contributed to the expansion. The services Purchasing Managers' Index (PMI) came in at 54.2 in March, up from
53.7 in February, while the manufacturing PMI rose to 52.2 in March from 51.0 in February.
The Sentix investor confidence index for the Eurozone rose from 18.6 in March to 20.0 in April, the highest since August 2007.
Greece made loan repayment to the IMF. Greece repaid av€.450 million loan installment to the International Monetary Fund on Thursday, helping lift European stocks to a seven-year high. Greece has not received bailout funds since August last year and has resorted to measures such as borrowing from state entities to finance its operations. As a requirement for the release of the next tranche of aid funds, the Greek government proposed a new package of reform measures last week, which is still under review.
Source: World Bank
Assets in ETFs/ETPs globally reached a new record high of 2.926 trillion US dollars at the end of Q1 2015 according to ETFGI
April 9, 2015--Record levels of assets were reached at the end of Q1 for ETFs/ETPs listed globally at US$2.926 trillion, in the United States at US$2.094 trillion, Asia Pacific ex-Japan at US$119.6 billion and Japan at US$109.3 billion, according to ETFGI's preliminary monthly ETF and ETP global insight report for Q1.
The global ETF/ETP industry had 5,669 ETFs/ETPs, with 10,961 listings, from 247 providers listed on 63 exchanges in 51 countries.
Source: ETFGI
World Bank-Closing the $70 Billion Climate Finance Gap
April 8, 2015--STORY HIGHLIGHTS
The world's developed countries have committed to mobilize $100 billion a year by 2020, from public and private sources, to help developing countries adapt to the impacts of climate change and reduce their emissions.
The latest accounting of climate finance shows there is a gap of about $70 billion. Closing that gap is critical to building the trust necessary to reach a robust deal at the international climate talks in Paris in December.
The World Bank Group and others are now analyzing and working on ways to mobilize that finance.
Seventy billion dollars is about one-third of the airline industry’s fuel bill in 2012, and less than the net worth of the world's three wealthiest people.view more
Source: World Bank
IMF-Plain Vanilla Investment Funds Can Pose Risks
April 8, 2015--Asset management industry plays rising role in financial system
Role has benefits, risks for financial stability
More "hands on" supervision needed, with better data, oversight
Even simple investment funds such as mutual funds can pose financial stability risks, and regulators need to know more about them through hands-on supervision, and better data and oversight, according to new research from the International Monetary Fund.
Asset management firms help investors diversify their assets easily. The industry can also be a “spare tire” for financing the real economy when banks are distressed. Compared to banks, investment funds offered by asset managers are less likely to default because end investors bear losses and gains from the funds' assets.
Source: IMF
Global Financial Stability Report (GFSR)
April 8, 2015--Contents
Chapter 2: International Banking After the Crisis: Increasingly Local and Safer?
Chapter 2 analyzes developments in international banking since the global financial crisis. It highlights a shift from direct cross-border lending to local lending by foreign banks' affiliates. The decline in cross-border lending can be explained by a combination of regulatory changes, weaknesses in bank balance sheets, and macroeconomic factors.
view Chapter 2: International Banking After the Crisis: Increasingly Local and Safer? Chapter 3: The Asset Management Industry and Financial Stability
Chapter 3 examines potential risks stemming from the asset management industry, focusing on "plain-vanilla" products, such as mutual funds. Even these vehicles may pose financial stability risks due to incentive problems between portfolio managers and end investors (which may lead to herding) and due to run risk stemming from liquidity mismatches. The empirical analysis finds evidence for many of these risk-creating mechanisms, although their importance varies across markets. Oversight of the industry should be strengthened, with a better microprudential supervision of risks and by adopting a more-encompassing (macroprudential) approach. view Chapter 3: The Asset Management Industry and Financial Stability
Source: IMF
ETFGI monthly newsletter-March 2015
Source: ETFGI
Africa: Brics Insights Papers-Brics and Development Finance Institutions
This is in response to the growing need for the financing of capital-intensive projects, such as infrastructure and information and communication technology development.
Much of this financing is from national development banks: Brazil's National Bank for Economic and Social Development (BNDES), the China Development Bank (CDB), the Eximbank of China, The Development Bank of Southern Africa (DBSA) and others are providing increasingly large amounts of finance for development projects both within their own countries and beyond their borders.
BRICS Insights 1: India's Experience with Multilateral Financial Institutions (341.2 kB) BRICS Insights 2: New South-South Co-operation and the BRICS New Development Bank (335.73 kB) BRICS Insights 6: BRICS In Their Regions: Exploring The Roles Of Regional Finance (494.52 kB)
Source:allAfrica.com
April 8, 2015--The ETFGI monthly newsletter, March 2015 is now available.
April 8, 2015--A new set of paper have just been released looking at BRICS and Development Finance Institutions.
Background to the papers
The 21st century has seen the rapid expansion and internationalisation of development finance from emerging market economies.
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