Global ETF News Older than One Year
IMF-Shocks to Inflation Expectations
April 29, 2022--Summary:
The consensus among central bankers is that higher inflation expectations can drive up inflation today, requiring tighter policy. We assess this by devising a novel method for identifying shocks to inflation expectations, estimating a semi-structural VAR where an expectation shock is identified as that which causes measured expectations to diverge from rationality.
Using data for the United States, we find that a positive inflation expectations shock is deflationary and contractionary: inflation, output, and interest rates all fall. These results are inconsistent with the standard New Keynesian model, which predicts inflation and interest rate hikes. We discuss possible resolutions to this new puzzle.
view the IMF Working paper-Shocks to Inflation Expectations
Source: imf.org
ETFGI reports Crypto ETPs listed globally gathered net inflows of US$785 million during March 2022
April 29, 2022- ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that Crypto ETFs and ETPs listed globally gathered net inflows of US$785 million during March, bringing Q1 net inflows to US$859 million, which is much lower than the US$1.64 billion gathered in Q1 2021.
Total assets invested in Crypto ETFs and ETPs increased by 19.6% from US$13.61 billion at the end of February 2022 to US$16.28 billion at the end of Q1, according to ETFGI's March 2022 ETF and ETP Crypto industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
Assets of $16.28 Bn invested in Crypto ETFs and ETPs listed globally at the end of March.
During March Crypto ETPs increased by 19.6% from $13.61 Bn to $16.28 Bn at the end of Q1.
In Q1 assets have decreased 0.4% going from $16.34 Bn at end of 2021 to $16.28 Bn.
Crypto ETPs listed globally gathered net inflows of $785 million during March.
Q1 net inflows were $859 Mn which is much lower than the $1.64 Bn gathered in Q1 2021.
$8.50 Bn in net inflows gathered in the past 12 months.
Source: ETFGI
Digital Asset Management Review -April
April 28, 2022--Report Summary
In April, the price of Bitcoin and Ethereum fell by 16.3% and 14.4% respectively (data up to 27th April), a reversal following two months of positive returns for the two largest cryptocurrencies.
April Highlights
Investors flooded out of crypto investment products in April, with average weekly outflows totaling $79.5mn. The largest recorded weekly outflow was the week ending April 8th with a total of $134mn leaving crypto-products. During this period, $132mn left Bitcoin products alone. April has seen the largest average weekly outflows in 2022 so far.
Source: data.cryptocompare.com
IOSCO releases report on issues and considerations of market data in secondary equity markets
April 28, 2022--The Board of the International Organization of Securities Commissions (IOSCO) today published a report that sets out some issues and considerations for regulators when reviewing the regulation of market data. The Report Market Data in the Secondary Equity Market: Current Issues and Considerations highlights that market data is an essential element of efficient price discovery and for maintaining fair and efficient markets.
Specifically, market data enables market participants to identify liquidity, make informed order routing and investment decisions and comply with regulatory requirements, such as best execution
Source: IOSCO
Inflation to be Elevated for Longer on War, Demand, Job Markets
April 27, 2022--The war in Ukraine will quicken inflation, which we now expect to remain elevated for longer than previously forecast on higher commodity costs and broader price pressures.
As the Chart of the Week shows, our latest World Economic Outlook now projects faster consumer-price increases this year for advanced economies as well as in emerging market and developing economies. These forecasts also have a high degree of uncertainty.
Russia's invasion of its neighbor will likely have a protracted impact on commodities, affecting oil and gas prices more severely this year and food prices well into next year.
Four main factors shape our outlook:
The war aggravated already surging commodity prices. Energy and food helped boost inflation last year, with oil and gas supplies tight after years of subdued investment and geopolitical uncertainty. This was a main inflation driver in Europe and, to a lesser extent, the United States. Rising food prices also played a major role in most emerging market and developing economies, as extreme weather reduced harvests and mounting oil and gas prices drove up fertilizer costs.
Source: IMF.org
Food and Energy Price Shocks from Ukraine War Could Last for Years
April 26, 2022--Shift to more costly trade patterns has begun; transition to cleaner energy could be delayed
The war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption in ways that will keep prices at historically high levels through the end of 2024, according to the World Bank's latest Commodity Markets Outlook report.
The increase in energy prices over the past two years has been the largest since the 1973 oil crisis. Price increases for food commodities-of which Russia and Ukraine are large producers-and fertilizers, which rely on natural gas as a production input, have been the largest since 2008.
view the World Bank April 2022 Commodity Markets Outlook
Source: worldbank.org
ETFGI reports assets invested in Active ETFs listed globally reached a record 453 billion US Dollars at the end of March 2022
April 26, 2022-- ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that assets invested in Active ETFs listed globally reached a record US$453 billion at the end of March. Actively managed ETFs gathered net inflows of US$10.12 billion during March.
Assets invested in actively managed ETFs/ETPs increased by 2.6%, from US$442 billion at the end of February 2022 to US$453 billion, according to ETFGI's March 2022 Active ETF and ETP industry landscape insights report, an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
Assets invested in Active ETFs listed globally reached a record $453 Bn at the end of March 2022.
Assets increased 3.4% in Q1 2022, going from $438 Bn at the end of 2021 to $453 Bn.
Actively managed ETFs gathered net inflows of $10.12 Bn during March.
Q1 net inflows of $32.97 Bn are the 2nd highest on record, behind only Q1 2021 with $48.16 Bn in net inflows.
$116.22 Bn in net inflows gathered in the past 12 months.
24th month of consecutive net inflows.
Source: ETFGI
ETFGI reports ESG ETFs listed globally gathered net inflows of 7 billion US dollars during March 2022
April 25, 2022--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that Environmental, Social, and Governance (ESG) ETFs and ETPs listed globally gathered net inflows of US$7.00 billion during March, bringing year to date net inflows to US$24.88 Bn which is much lower than the US$53.48 Bn gathered at this point last year.
Total assets invested in ESG ETFs and ETPs increased by 3.2% from US$378 billion at the end of February 2022 to US$390 billion, according to ETFGI's March 2022 ETF and ETP ESG industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
Assets of $390 Bn invested in ESG ETFs listed globally at the end of March 2022 are the 2nd highest.
Assets decreased 0.03% YTD in 2022, going from $390.098 Bn at the end of 2021 to $389.997 Bn.
Q1 net inflows of $24.88 Bn are the second highest on record, after 2021 Q1 net inflows of $53.48 Bn.
$131 Bn in net inflows gathered in the past 12 months.
39th month of consecutive net inflows.
ESG Equity ETFs and ETPs gathered $5.45 Bn in net inflows in March.
Source: ETFGI
Euro Notches Biggest Drop as Global Payment Currency Since 2011
April 20, 2022--The euro is being used less often as a global payment currency, posting its biggest percentage-point drop in more than a decade in March, as inflation and the war in Ukraine weigh on its appeal for transactions.
Meanwhile, the U.S. dollar remained in the top spot for a 10th consecutive month, and has dominated global payments for the most part since 2013, according to data from the Society for Worldwide Interbank Financial Telecommunications, or SWIFT.
Source: bnnbloomberg.ca
IMF-Shockwaves from the War in Ukraine Test the Financial System's Resilience
April 19, 2022--Financial stability risks have risen as war tests the resilience of the financial system through various channels
Chapter 1 looks at the implications of the war in Ukraine on the financial system. Commodity prices pose challenging trade-offs for central banks. Many emerging and frontier markets are facing especially difficult conditions. In China, financial vulnerabilities remain elevated amid ongoing stress in the property sector and new COVID-19 outbreaks.
Central banks should act decisively to prevent inflation from becoming entrenched without jeopardizing the recovery. Policymakers will need to confront the structural issues brought to the fore by the war, including the trade-off between energy security and climate transition.
Chapter 2 discusses the sovereign-bank nexus in emerging markets.
Source: imf.org
