The big gold ETF turnaround and its prospective impact
February 19, 2014--Chinese and Indian gold demand in particular will probably bring stability to the gold price, but it is the potential turnaround in ETF sales/purchases which could provide the key to price growth this year.
2013 was a pretty disastrous year for the gold investor with the year's gold price high point being reached right at the beginning of January, from where it was almost all downhill until the beginnings of a pick-up at the start of the current year.
Source: MineWeb
NASDAQ OMX Launches Two New Indexes in the NASDAQ IBIS Index Family
February 19, 2014--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) has introduced two new indexes on the Global Index Data Service 2.0 (GIDS 2.0)-the NASDAQ IBIS Focused Growth Index (NQIBIS); and the NASDAQ IBIS Focused Growth Total Return Index (NQIBIST).
"These new indexes offer the unique viewpoint of accessing an absolute return strategy, while maintaining a rules-based and rigorous selection process,"said Dave Gedeon, Managing Director of NASDAQ OMX Global Indexes. "Partnering with IBIS Capital allows the market to benefit from both the tactical allocation models and rules-based index tracking."
Source: NASDAQ OMX
WGC Latest Issue: Gold Demand Trends Full Year 2013
January 18, 2014--Executive summary:
This section of the report considers the main themes to have emerged in global gold demand through 2013.
Global Gold Market: Full year 2013 review
Jewellery: 2013 saw the largest volume increase in jewellery demand for 16 years as consumers across the globe reacted to lower gold prices. Full year demand was 2,209.5t, 17% above 2012 and the highest level since the onset of the 2008 financial crisis.
Investment: 2013 was a year of contrast between the different elements of gold investment.
Demand for bars and coins surged to an all-time high of 1,654.1t as individual investors took advantage of lower prices, while large-scale selling of more tactical ETF positions by western investors generated outflows of 880.8t.
Technology: Annual demand for gold used in technology stabilised at 404.8t, from 407.5t in 2012. The lower price environment and improved global economic outlook was supportive for gold used in a range of applications in the sector.
view the Gold Demand Trends Full Year 2013
view the Gold Demand Trends Full Year 2013 Infographics
Source: WGC (World Gold Council)
Platinum strike to drive up price over time
February 18, 2014--A face-off between platinum producers and striking miners has had negligible impact on metals prices so far, but that is likely to change if the action grinds on past the end of the month and stocks are drawn down.
The strike by the Association of Mineworkers and Construction Union (Amcu) against the world's top three platinum mining companies has so far failed to ruffle traders.
Source: FIN24
Deutsche Bank releases 2014 Alternative Investment Survey highlighting key trends shaping the hedge fund industry
February 18, 2014-Deutsche Bank today releases its twelfth annual Alternative Investor Survey, which stands as one of the largest and longest standing hedge fund investor surveys available. This year over 400 investor entities participated, representing over $1.8 trillion in hedge fund assets and over two thirds of the entire market by assets under management (AuM).
Barry Bausano, Co-head of Global Prime Finance at Deutsche Bank, said: "Hedge funds continue to establish their growing position within the broader asset management industry, alongside some of the more mainstream asset managers. The hedge fund industry is predicted to reach a record $3 trillion by 2014 year end driven by significant inflows, most notably from institutional investors."
Published in the journal Proceedings of the National Academy of Sciences, the new study is the first to show that personal financial risk preferences fluctuate substantially, and these fluctuations may be linked to hormone response.
Source: Scienceagogo.com
Latest ETFs leave index-trackers in the dust
"The toolbox of products that are available to investors in the U.S. and Canada have grown phenomenally over the past couple years,” says Deborah Fuhr, partner and co-founder of Britain-based ETFGI LLP. Her company researches and consults on a database of 4,700 exchange traded products
Source: The Globe and Mail
UPDATE 2-Vitol CEO injects urgency into Brent Benchmark debate
The comments by Vitol Chief Executive Ian Taylor add urgency to a long-running debate about Brent, which critics have said is vulnerable to manipulation. European authorities last year started a probe into suspected manipulation of oil prices.
Source: Reuters
A wobble, but market-tracker funds on course for growth
Long used by banks and other institutions, exchange-traded products (ETPs-which let investors track a range of underlying markets for a small fraction of the fees charged by managed funds-are increasingly being sold to cost-conscious retail savers in a move helped along by regulatory change.
Source: Reuters
February 17, 2014--Oh, how exchange traded funds have changed. ETFs have evolved from simple securities that track indexes to complicated "smart beta" structures designed to outsmart the index.
Dwindling supply underpinning Brent is "major problem"
Platts says more crudes may be needed in 2-5 years
New Brent tweaks announced by Platts, starting in June
February 17, 2014--The Brent crude global oil benchmark needs fundamental and immediate reform due to dwindling North Sea output, the world's biggest oil trader said on Monday.
February 17, 2014--Sharp withdrawals from equity, currency and commodity tracking funds as emerging markets sold off in early 2014 looks no more than a bump in the road for such vehicles as they expand their share of assets under management.
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