Global ETF News Older than One Year
Measuring Wealth to Track Sustainability
June 5, 2014--STORY HIGHLIGHTS-- The new edition of the World Bank's Little Green Data Book, released on World Environment Day 2014, includes a new indicator called change in wealth per capita for more than 200 countries.
The World Bank Group has adopted change in wealth per capita as an indicator for its Results Measurement System, Corporate Scorecard and Systematic Country Diagnostic.
Negative changes in wealth per capita-particularly over several years-imply that a country is becoming poorer by leaving behind fewer resources for future generations.
Consider this: Although most countries are on a sustainable path, nearly 45 percent of the 136 countries analyzed by the World Bank Group in its annual Little Green Data Book are depleting their "wealth" even as they show growth in annual income. As these countries grow, they are not compensating for depletion of natural resources with the risk that in the long term, growth will decline, as the wealth on which it is based erodes.
view the Little Green Data Book 2014
Source: World Bank
Bond funds worldwide attract $4.3-bn inflows over week: BofA
Stock mutual funds posted $8 billion in outflows, while stock exchange-traded funds attracted $6 billion in inflows, according to the report, which also cited data from fund-tracker EPFR Global
June 7, 2014--Fund investors worldwide poured $4.3 billion into bond funds in the week ended June 4, while pulling cash out of stock funds despite weaker performance in bonds, data from a Bank of America Merrill Lynch Global Research report showed on Friday.
The inflows marked the 13th straight week of net new demand for bond funds. Emerging market bond funds attracted $2.2 billion, marking their biggest inflows since January 2013, while investment-grade bond funds attracted $2.4 billion to notch their 24th week of inflows.
Source: Business Standard
IOSCO consults on Good Practices on Reducing Reliance on CRAs in asset management
June 4, 2014--The International Organization of Securities Commissions today published a consultation report on Good Practices on Reducing Reliance on CRAs in asset management. The report is aimed at gathering the views and practices of investment managers, institutional investors and other interested parties, with a view to developing a set of good practices on reducing over reliance on external credit rating in the asset management space.
Credit rating agencies (CRAs) play a prominent role in today's global financial markets. Although approaches may differ across jurisdictions, investment managers often use the services of CRAs to form an opinion on the creditworthiness of a particular issuer before purchasing securities, selecting counterparties, or choosing the best collateral to secure transactions. On their part, investors often refer to CRA ratings before buying shares of a fund, or when guiding investment managers on the basis of a tailored investment mandate.
view the IOSCO Good Practices on Reducing Reliance on CRAs in asset management
Consultation Report
Source: IOSCO
Russia, China to create joint rating agency as ties grow
Speaking during a trip to China, Anton Siluanov told journalists that the new rating agency would be modeled on existing rating agencies.
"We would like (the agency's) ratings to be apolitical," Siluanov said in comments sent by the ministry's press service.
Source: Reuters
2014 A.T. Kearney FDI Confidence Index: U.S. Increases its Lead; an Overridingly Positive Outlook Develops for Global Economy
The findings bode well not only for the U.S., but for the global economy: Nearly four out of five respondents are more optimistic about the global economy than they were a year ago. Since its inception, the study has consistently pointed toward top global choices for foreign direct investment, with the top 10 most attractive FDI destinations receiving a majority share of global FDI inflows roughly one year after the survey.
Source: A.T. Kearney
Average daily volume of 8.1 million contracts at Eurex Group in May
In total, 126.3 million contracts were traded at Eurex Exchange and 45.0 million at the ISE.
Source: Eurex
State Street Global Advisors Expands Intermediary Business with Key Appointments
The appointments will bolster SSgA's competency across its intermediary business, which was created in 2001 to better access the firm's deep institutional experience and broad investment knowledge.
Source: State Street Global Advisors
Exchange-traded derivatives volume up 7% last year
Listed derivatives trading likely will continue to grow in 2014 as regulatory changes shift more swaps trading on to exchanges...
Source: SmartBrief
IOSCO consults on strategic framework for Investor Education/Financial Literacy
IOSCO has long recognised investor education as a key strategy for enhancing investor protection, promoting investor confidence and fostering investor engagement in financial planning and decision-making. Investor education is complementary to the traditional tools of regulation, supervision and enforcement, and is included in IOSCO's Principles for securities regulation. view the Strategic Framework for Investor Education and Financial Literacy-Consultation Report
Source: IOSCO
BlackRock CEO says leveraged ETFs could "blow up" whole industry
Fink runs a company that oversees more than $4 trillion in client assets, including nearly $1 trillion in ETF assets
Source: Reuters
June 3, 2014--Russia and China have reached an agreement to create a joint credit rating agency and are working on a series of measures to make trade easier, Russia's finance minister said on Tuesday, a sign of growing ties between the neighbors.
June 2, 2014--Global management consulting firm A.T. Kearney today released its 2014 Foreign Direct Investment Confidence Index (FDICI), an in-depth view of forward-looking investment sentiment. In this year's ranking, the U.S. not only maintains its first place position from last year, but also increases the lead it had in the 2013 study, which was referenced in the recent White House report, Winning Business Investment in the United States.
June 2, 2014-- In May, the international derivatives exchanges of Eurex Group recorded an average daily volume of 8.1 million contracts (May 2013: 10.1 million). Of those, 6.0 million were Eurex Exchange contracts (May 2013: 7.4 million), and 2.1 million contracts (May 2013: 2.7 million) were traded at the U.S.-based International Securities Exchange (ISE).
June 2, 2014--State Street Global Advisors (SSgA), the asset management arm of State Street Corporation (NYSE: STT), today announced five key appointments in the firm's intermediary business, which provides products supporting wealth management professionals, including SPDR ETFs and State Street mutual funds, for wirehouses, Registered Investment Advisors (RIAs), private banks, family offices and regional/independent broker dealers.
May 30, 2014--An increase in activity in interest rates and commodity-based futures and options helped drive up the volume of exchange-traded derivatives around the world last year.
May 29, 2014--The International Organization of Securities Commissions today published a consultation report on the Strategic Framework for Investor Education and Financial Literacy, which describes IOSCO's role in promoting investor education and financial literacy and its strategic approach to both.
May 29, 2014--BlackRock Chief Executive Officer Larry Fink said on Wednesday that leveraged exchange-traded funds contain structural problems that could "blow up" the whole industry one day.
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