Global ETF News Older than One Year
Regulators compete to predict worst fund havoc
March 29, 2015--Watchdogs compete to sound the scariest warnings about the fund industry, says Steve Johnson
Global financial regulators appear to be engaged in their own private game.
The winners will be those who can sound the scariest warnings about the damage the ever-expanding asset management industry could be set to inflict on humanity.
Source: FT.com
Stock indices search for a formula for bigger fees
March 29, 2015--Stock indices used to be simple barometers of market returns. Now they are the basis for investment strategies, used either as benchmarks or as the actual strategy in the case of passive investment, and they are big business.
In recent years passive investment, replicating market returns instead of trying to outperform, has gained popularity for its reliability and low costs.
Source: FT.com
Dwindling debuts threaten to slow European junk's growth
March 27, 2015-Private equity firms shun high-yield
Debut deals slow but stalwarts take advantage
Bond to bond deals push in pricing
European high-yield issuance may be up a whopping 89% on the year, but the steady stream of companies replacing loans with bonds has dried up in recent months.
Source: Reuters
STOXX licenses new ASEAN Select Dividend 30 Index to Thailand's One AM
March 27, 2015--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced that it has released the STOXX ASEAN Select Dividend 30 Index and licensed it to One AM, a Thai asset manager.
The index allows market participants to take advantage of investing in ASEAN companies with high dividend payouts. ASEAN countries form one of the fastest growing region in the world.
"ASEAN offers a positive mix of high growth rates, a young population and growing trade and investment," said Hartmut Graf, chief executive officer, STOXX Limited. "Our index offers a unique tool to those looking to benefit from a dividend strategy based on companies in this region. Having One AM license this new index also marks an important step for STOXX in our Asian expansion path."
Source: STOXX
DECPG Global Weekly-March 27, 2015
March 27, 2015--Taking Stock
U.S. inflation edged up in February. U.S. consumer prices edged up 0.2 percent (m/m) in February after falling 0.7 percent in January. A rebound in energy prices, along with an increase in food prices, contributed to the increase of the headline consumer price index.
The core consumer price index also rose by 0.2 percent. On a yearly basis, headline inflation remained negative (Figure 1). Meanwhile, U.S. GDP growth in Q4 was confirmed at 2.2 percent (q/q, saar).
ECB increased the ceiling for emergency liquidity assistance to Greek banks. The European Central Bank (ECB) approved an increase of the ceiling for Emergency Liquidity Assistance to Greek banks by more than €1 billion to just over €71 billion (40 percent of Greek GDP), which will help alleviate short-term cash needs in the banking system. Greece has until Monday to offer details on reform commitments if it is to receive further Eurozone aid payments.
Japanese economic outlook upgraded. The Japanese government upgraded its assessment of the economy for the first time in eight months. In the monthly report released by the Cabinet Office, the government said the Japanese economy is on a moderate recovery, citing improvements in corporate profits, a pick-up in industrial production, and steady strengthening of private consumption.
Ukraine sought debt restructuring. The Ukrainian government urged its international creditors, including Russia, to negotiate a debt-restructuring deal now or risk facing bigger losses. As part of an International Monetary Fund financial support package that was approved last week, Ukraine is looking to restructure $15 billion of external debt (11 percent of GDP) over the next 4 years. With $7.7 billion of debt-service payments due this year, Ukraine has limited recourse to meet its external obligations as the country’s international reserves shrank to a record low of $5.6 billion (less than 15 percent of short term debt)in February.
Source: World Bank
Borse Dubai Sells Its Stake in London Stock Exchange Group
March 26, 2015--Borse Dubai said on Thursday that it had sold its entire 17.4 percent stake in the London Stock Exchange Group, ending its nearly eight-year ownership in the stock market operator.
Borse Dubai, the holding company for the Dubai Financial Market and Nasdaq Dubai, said that it had sold its stake through a block sale, but it did not disclose who bought the stake or the terms of the deal.
Source: New York Times
Carney says see risk of disorderly unwinding of portfolios
March 26, 2015--The global financial system is safer but there is no room for complacency because of to concerns about the international bond market, Financial Stability Board Chairman Mark Carney said on Thursday.
The FSB coordinates financial regulation for the Group of 20 economies (G20) and has been introducing tougher rules for banks and markets to plug gaps highlighted by the 2007-09 financial crisis.
view more
Source: Reuters
World Gold Council-Gold in a rising dollar environment
This issue also includes articles on:
Generally, there is an inverse correlation between gold and the dollar. However, our analysis shows it is asymmetrical: the gold price increases more when the dollar weakens, than it falls when the dollar strengthens. In our view, the dollar's relationship with gold has changed dramatically over the past decades and is likely to shift further as demand moves East and the world moves to a multicurrency system. view the WGC report-Gold Investor
Source: World Gold Council (WGC)
DMS-Capitalist Vietnam?/Two Escaped the Fragile Five
No other country in the poll cracked 90%. Even in the United States-where "socialist" can be used as an insult-only 70% agreed that a free market economy is the best kind of economy."
Source: DMS Funds
IOSCO Issues Final Code of Conduct Fundamentals for Credit Rating Agencies
The revisions to the IOSCO CRA Code are designed: 2) to strengthen the IOSCO CRA Code by adding measures regarding governance, training, and risk management; and
3) to improve the clarity of the IOSCO CRA Code by adding definitions of key terms and revising existing definitions, updating terminology, restructuring existing provisions to better group them thematically, and eliminating extraneous text. view more view the Code of Conduct Fundaments For Credit Rating Agencies-Final Report
Source: IOSCO
March 26, 2015--In this eighth edition of Gold Investor we take a closer look at gold's performance and its relevance for investors in the current environment, paying close attention to:
Gold in a rising dollar environment
The factors that drive gold
The relationship between gold and US Interest rates. Gold in a rising dollar environment
March 24, 2015--Capitalist Vietnam?
"Communist Vietnam loves Capitalism" was the title of a USA Today article that caught my attention. "Almost all Vietnamese people-95% of them-now support capitalism, according to the Pew Research Center, which polled nearly 45 nations late last year on economic issues.
March 24, 2015--The International Organization of Securities Commissions (IOSCO) published today the final report on Code of Conduct Fundamentals for Credit Rating Agencies, which includes significant revisions and updates to the current IOSCO Code of Conduct for Credit Rating Agencies (IOSCO CRA Code).
1) to strengthen the IOSCO CRA Code by enhancing provisions regarding protecting the integrity of the credit rating process, managing conflicts of interest, providing transparency, and safeguarding non-public information;
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