Global ETF News Older than One Year
Precious metals drove commodity ETPs' $20bn loss in 2014
January 9, 2015--Record inflows into energy products in the final quarter partially offset the annual decline in global ETP values.
Declines in precious metals prices drove a drop of more than $20 billion in commodity exchange-traded product holdings in 2014, according to ETF Securities Ltd.
Source: MineWeb
BNY Mellon Q4 2014 ETF Newsletter
January 9, 2015--Global Market Commentary
Globally, as of November 30, 2014, there were 3,940 ETFs in 8,397 listings and total assets of $2.617 trillion. There are a total 204 providers on 59 exchanges.
Global net inflows into ETFs YTD 2014 reached $268.12 billion. iShares, Vanguard and SPDR ETFs led global inflows (as well as US inflows), while PowerShares, China AM and PIMCO led global outflows.
There have been 480 new ETFs launched globally YTD 2014 from 92 providers on 36 exchanges.
Source: ETFGI, November 2014
U.S. Market Commentary
The United States has 1,378 ETFs with assets of $1.98 trillion. There are 53 ETF providers on 3 exchanges. The US represents 75.8 percent of global ETF assets.
There were net new inflows into ETFs totaling $190.65 billion YTD as of the end of November. This represents 71 percent of global inflows.
Source: BNY Mellon
New players pile into ETP industry
January 9, 2015--In a strong year for asset growth in exchange-traded products, the number of firms that either entered the industry or expanded into new territories rose sharply in 2014.
In all, 29 firms rolled out their first ETP or entered new markets last...
Overall assets in the industry climbed to $2.8 trillion, a 17% year-on-year increase...
Source: Financial News
DECPG Global Weekly -Taking Stock
January 9, 2015--Oil prices fell to new lows. Oil prices declined to levels last hit in May 2009 as concerns about a stock surplus and
demand weakness weighed on crude markets. ICE February Brent-the international oil marker-fell $2.67 to $53.75 a barrel in Monday trading to fresh five-and-a-half-year lows.
Meanwhile, the Nymex February West Texas approached $50 a barrel and the US benchmark dropped $2.14 to $50.55.
The euro continued to slide. The euro dropped to $1.1809 on Wednesday, its weakest level since 2006, as Eurozone consumer prices fell by a more-than-expected 0.2 percent annually in December, the lowest since September 2009. The inflation rate in Germany, the bloc's laregst economy, slowed to 0.1 percent (y/y) in December from a 0.5 percent in November, which was the lowest figure since October 2009. Concerns that tumbling oil prices will tip the currency bloc into a deflationary spiral have strengthened the case for the European Central Bank (ECB) to take bold policy action, such as sovereign asset purchase, to ward off deflationary risk in the monetary union.
Investor sentiment in the Eurozone improved. Eurozone's Sentix investor confidence index unexpectedly improved for the third consecutive month, climbing to 0.9 in January from -2.5 in December. Economists had forecast the index to improve to -1. The expectations sub-index rose to 13.5 from 12, while the current situation index rose to -11 from -16.
Source: World Bank
Winthrop Capital-2015 Economic and Capital Market Outlook
January 9, 2015--The domestic economy is growing at 3.0% to 3.5% pace. The budget deficit is plummeting and currently is less than 2.8% of GDP. The price of oil is in a freefall now below $55 per barrel and inflation is virtually nonexistent. The rate of unemployment is below 6.0%. These are idyllic conditions for any economy, especially five years after the largest financial crisis since the Great Depression. So, what's the problem?
The problem is that the U.S. economy today is being propped up by aggressive monetary policies of the Federal Reserve. We are in the sixth year of a global expansion, and we are effectively still expanding the Federal Reserve’s balance sheet to support economic growth. Normally, that would end in the third year of an expansion. However, drastic times call for drastic measures and the severity of the Financial Crisis required the Fed to implement new tools to support commerce and capitalism.
Source: Winthrop Capital Management
Winthrop Capital-2015 Economic and Capital Market Outlook
January 9, 2015--The domestic economy is growing at 3.0% to 3.5% pace. The budget deficit is plummeting and currently is less than 2.8% of GDP. The price of oil is in a freefall now below $55 per barrel and inflation is virtually nonexistent. The rate of unemployment is below 6.0%. These are idyllic conditions for any economy, especially five years after the largest financial crisis since the Great Depression. So, what's the problem?
The problem is that the U.S. economy today is being propped up by aggressive monetary policies of the Federal Reserve. We are in the sixth year of a global expansion, and we are effectively still expanding the Federal Reserve’s balance sheet to support economic growth. Normally, that would end in the third year of an expansion. However, drastic times call for drastic measures and the severity of the Financial Crisis required the Fed to implement new tools to support commerce and capitalism.
Source: Winthrop Capital Management
FTSE Studying Include Companies With Primary Listings Overseas
Move Could Provide Boost For Stocks Including Chinese Internet Companies Such as Alibaba
January 9, 2015-Index provider FTSE has begun preliminary studies into whether it will include companies with primary listings outside of their home countries into its biggest benchmarks, potentially providing a boost for stocks including Chinese Internet companies such as Alibaba Group Holding Ltd. and Baidu Inc. which are traded on U.S. exchanges.
The index provider is assessing whether to include companies which trade overseas, but lack a domestic listing, in its global-equity index series.
Source: Wall Street Journal
Most Developing Countries Will Benefit from Oil Price Slump, Says World Bank Group
January 7, 2015--Gains from low oil prices can be substantial for developing-country importers if supported by stronger global growth, says a World Bank Group analysis of the oil price decline, contained in the latest edition of Global Economic Prospects.
The decline in oil prices reflects a confluence of factors, including several years of upward surprises in oil supply and downward surprises in demand, receding geopolitical risks in some areas of the world, a significant change in policy objectives of the Organization of the Petroleum Exporting Countries (OPEC), and appreciation of the U.S. dollar. Although the relative strength of the forces driving the recent plunge in prices remains uncertain, supply related factors appear to have played a dominant role.
Source: World Bank
Developing Countries Need To Rebuild Fiscal Space to Weather Growth Slowdowns, Says a New Report by the World Bank Group
January 7, 2015--Faced with weaker export prospects, an impending rise in global interest rates, and fragile financial market sentiment, developing countries need to rebuild fiscal buffers to support economic activity in case of a growth slowdown, says the new edition of Global Economic Prospects, released today by the World Bank Group.
For many developing economies, lower oil prices have provided a timely opportunity for doing so.
view the Having Fiscal Space and Using It-Fiscal Policy Challenges in Developing Economies
Source: World Bank
Variable-capital SCPIs invested in commercial property will be introduced into the EDHEC IEIF Commercial Property (France) Index from January 1,2015
January 6, 2015--In order to take account of the increasing proportion of variable-capital SCPIs (Société Civile de Placement Immobilier or real estate investment company) invested in commercial property, the EDHEC IEIF Commercial Property (France) Index will include them in its universe from January 1, 2015.
There is no change to the index composition rules: only SCPIs that have recorded trading volume of more than 2 million euros on the secondary market during the previous year will be included.
Source: EDHEC-Risk Institute
