STOXX Pulse Winter 2015 Edition
January 28, 2015--The STOXX Pulse Winter 2015 Edition is now available.
view the
Source: STOXX
Why factor investing is flavour of the month
That at least is true of the exchange traded fund and index providers who are launching a swath of factor-based products.
Source: FT.com
2015 Index of Economic Freedom: Global Economic Freedom Expands, Only Two Regions Decline
The world average score of 60.4 is only one-tenth of a point above the 2014 average, but represents a 2.8-point overall improvement since the inception of the Index in 1995. Thirty-seven countries, including Taiwan, Israel, Poland and Colombia, achieved their highest-ever Index scores. Among the 178 countries ranked, scores improved for 101 countries and declined for 73.
Source: The Heritage Foundation
China's Yuan Joins Top 5 Most-Used Global Currencies
The yuan passed the Canadian and Australian dollars in popularity in December, according to the Society for Worldwide Interbank Financial Telecommunication, which provides communications between financial institutions and companies.
Source: ABC News
ETF Securities Research-Precious Metals Weekly-The ECB Adds Additional Support to Precious Metals
The greater-than-expected QE size and open-ended determination from the ECB, until inflation is firmly in place, helped to boost asset prices.
Precious metals received another layer of underlying support via lower real yields and in a growing number of countries, negative real yields. Silver was again the best performer,
gaining 2.7% on the week and remains the best performing precious metal year-to-date and
the best performer among all major commodities so far in 2015.view more
Source: ETF Securities Research
Seeing Global Opportunity, S&P Dow Jones Indices Sets Aggressive Expansion of its Fixed Income Business
In total, the new S&P Aggregate(TM) Bond Index Family will cover over 20,000 individual securities with the ultimate goal of launching thousands of maturity and sector based indices. S&P DJI already publishes over 500 fixed income indices globally covering municipals, preferreds, corporates, CDS, and senior loans amongst others, and is the third largest provider of fixed income indices for the global ETF market.
Source: S&P Dow Jones Indices
Exchange traded fund assets will double to $5tn by 2020
The consultancy calls the growth a "game changer" for the asset management industry.
Source: FT.com
PwC-Exchange traded funds (ETFs): Understanding the future opportunities and challenges
As such, all financial services firms should consider developing an ETF strategy. This may be an obvious choice for firms planning to manage, service, or distribute ETFs, but it is also important for firms that will be competing in an environment that is increasingly shaped by ETFs.
In 2013, PwC explored the rise of ETFs in depth in 'The next generation
of ETFs'. Based on the history of ETFs and a close examination of recent
developments, this paper identified key trends, highlighted potential
obstacles to growth and articulated how industry players might formulate
coherent strategies to deal with ETFs. Since then, we have gone on to survey
asset managers, service providers and other industry participants around
the world in an effort to better understand regional developments in ETFs
and use their expertise as a sounding board for our own perspectives.
This report leverages the results of our global survey and our insights to
paint a picture of how the ETF business is likely to evolve globally over the
next six years. view the PwC report-ETF 2020 Preparing for a new horizon
Source: PwC
DECPG Global Weekly-January 23, 2015
Beginning March this year, the ECB will buy a total of ECB unveiled €1.1 trillion asset-purchase program. The European Central Bank announced it will inject about €1.1 trillion ($1.3 trillion) into financial markets through an asset-purchase program in a bid to counter weaker than expected "inflation dynamics".60 billion ($69 billion) a month of public and private sector securities until end-September 2016. These purchases may continue beyond September 2016 unless thereare clear signs of "a sustained adjustment in the path of inflation" towards ECB's target of close to 2 percent. Following
the announcement, European stocks rallied, while the euro weakened to an 11-year low against the dollar.
Source: World Bank
Second progress report on banks' adoption of risk data aggregation principles issued by the Basel Committee
Published in 2013, the Principles aim to strengthen risk data aggregation and risk reporting at banks to improve their risk management practices and decision-making processes. Firms designated as global systemically important banks (G-SIBs) are required to implement the Principles in full by 2016. view the Progress in adopting the principles for effective risk data aggregation and risk reporting
Source: BIS
January 28, 2015--There is big money in factor investing-the art of tweaking an index to profit from long-term anomalies.
Hong Kong tops Index again despite drop in score; U.S. improves, but remains at No. 12; Asia-Pacific and Sub-Saharan Africa are the most-improved regions
January 27, 2015--The world economy is "moderately free," with a slight rise in economic liberty leading to a third annual global increase, according to the editors of the 2015 Index of Economic Freedom, released today by The Heritage Foundation and The Wall Street Journal.
January 27, 2015--China's yuan has become one of the five most widely used currencies in global payments, an international financial transactions agency announced Wednesday.
January 26, 2015--The ECB's firm commitment may be more beneficial for the cyclical PMs. Most assets, including precious metals (PMs), were supported by last weeks' quantitative easing (QE) announcement by the ECB.
Index Provider Announces Launch of Flagship S&P U.S. Aggregate Bond Index
January 26, 2015--Anticipating flourishing, global demand for fixed income indices for use in both passive investment strategies and as benchmarks for actively managed portfolios, S&P Dow Jones Indices ("S&P DJI") announced today an aggressive plan to exponentially grow its fixed income index business throughout the world-bringing greater transparency, integrity, breadth, and flexibility to the fixed income markets.
January 25, 2015-Exchange traded fund assets will double to $5tn by 2020, according to a detailed study by PwC, far outstripping the asset growth of traditional fund managers, which have come under increasing pressure to prove their worth.
January 24, 2015--Executive summary-PwC ETF 2020
The proliferation of ETFs was identified in our AM 2020 publication as one of the six game changers in the asset management (AM) industry. ETFs are no longer a niche product, and their impact will continue to be felt much more widely than imagined.
January 23, 2015--ECB unveiled €1.1 trillion asset-purchase program. The European Central Bank announced it will inject about €1.1 trillion ($1.3 trillion) into financial markets through an asset-purchase program in a bid to counter weaker than expected "inflation dynamics".
January 23, 2015--The Basel Committee on Banking Supervision today issued a second progress report on banks' adoption of the Committee's Principles for effective risk data aggregation and risk reporting.
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