Global ETF News Older than One Year
DECPG Weekly Global Economic Brief
November 14, 2013--A broadly-based recovery remains elusive. While orders for capital goods are picking up in the Euro Area, they have slowed in the United States, reflecting fiscal and monetary policy uncertainties, and are declining for developing countries considered as a whole. With a few exceptions, monetary policy in developing countries has continued to ease.
Low interest rates in recent years have contributed to rapid accumulation of household debt, especially in the East Asia and Pacific region, subjecting them to risks from future tightening of financial conditions.
Diverging trends in demand for investment goods argue against a broadlybased recovery. Orders for capital goods, an indicator of future business investment plans, are experiencing diverging trends across regions. A nascent recovery in the Euro Area economy is fueling demand for German machinery and equipment. Orders for Japanese investment goods rose at an annualized 18 percent pace in the third quarter, but slowing of GDP growth (to an annualized 1.9% in Q3 from 3.8% in Q2) has raised concerns of potential headwinds. In the US, although GDP growth picked up to annualized 2.8 percent pace, investment goods orders contracted in two out of the three months in the third quarter, mainly reflecting fiscal and monetary policy uncertainties. Developing-country investment orders are still contracting, but the pace of deterioration has eased led by rising orders in China. These heterogeneous trends in investment orders are consistent with a still hesitant recovery in global growth.
Source: World Bank
World Gold Council-Gold Demand Trends Q3, 2013 Infographic.
November 14, 2013--The World Gold Council has published the Gold Demand Trends Q3 2013 Infographic.
Source: World Gold Council
ICE Completes Purchase of NYSE
Creates the Leading Network of Global Derivatives and Equity Exchanges
Focused on Driving Benefits for Markets and Shareholders
November 13, 2013--- IntercontinentalExchange Group, Inc. (NYSE: ICE), the leading global network of exchanges and clearing houses, today announced the successful completion of its previously announced acquisition of NYSE Euronext (NYSE: NYX).
The stock-and-cash transaction has a total value of approximately $11 billion. The combination creates the premier operator of global exchanges diversified across a range of asset classes spanning interest rates, equities and equity derivatives, credit derivatives, bonds, foreign exchange, energy, metals and agricultural commodities.
Source: dancollinsreport.com
PwC report-ETFs: How innovators and regulators are shaping growth in the Asset Management industry
November 13, 2013--October 2013--At a glance
As ETFs enter their next phase of growth, much rests on the actions of the regulators. Innovation created ETFs and equipped them to achieve their huge success through flexible, inexpensive and tax-efficient tracking of broad-based market indices.
While growth is undoubtedly set to continue, the pace of expansion likely will be impacted by regulations.
Source: PwC
Rolet targets Asia for LSE growth
November 13, 2013--The chief executive of the London Stock Exchange said today that Asia represented a "big opportunity" for its future plans, but admitted that regulatory restrictions would limit opportunities to partnerships, , rather than acquisitions.
Xavier Rolet, speaking to Financial News this morning following the LSE's half-year results statement' said: "There is a big opportunity in Asia, which is why we have been focusing in that area in terms of offering clearing services and partnering up with local participants. Asia represents 2% of global OTC derivatives trading and clearing, so the potential for further growth there is huge."
Source: Financial News
REFILE-Multi-national ratings agency to launch as alternative to Big Three
November 12, 2013--Credit ratings organisations from five countries are launching a new global agency, touting it as an alternative to the Big Three agencies which they say no longer meet the needs of the new globalised world.
In a statement on Tuesday, ARC Ratings said it would officially launch on Nov. 20 in London as a joint venture between CPR of Portugal, CARE Rating of India, GCR of South Africa, MARC of Malaysia, and Brazil's SR Rating
Source: Reuters
Analysis: London, Dubai, Kuala Lumpur in three-way fight for Islamic finance crown
November 12, 2013--When the British government said last month it would issue its first Islamic bond, the implications went far beyond the debt market: it was a signal that London will not back down in an escalating tussle among cities for Islamic financial business.
London has long been the default center for international firms to issue sharia-compliant bonds, part of a fast-growing Islamic finance sector that will be worth $2 trillion globally next year, according to consultants Ernst and Young.
Source: Reuters
Opec ticks up 2013 oil demand forecast
November 12, 2013--The Opec oil cartel on Tuesday increased its forecast for oil demand growth in 2013 on expectations of better-than-expected improvement in developed country economies.
The Organization of Petroleum Exporting Countries said in its November monthly report that demand would average 89.78 million barrels per day (mbpd) in 2013, a slight 0.04 mbpd increase from last month's forecast
Source: FIN24
Platinum faces huge deficit
November 12, 2013--Strong investment and industrial demand will push the platinum market in 2013 into its biggest deficit since 1999, refiner Johnson Matthey said on Tuesday.
The platinum market is expected to show a shortfall of 605 000 ounces this year from 340 000 ounces last year, it said in its Platinum 2013 Interim Review.
Source: FIN24
Corporate Governance makes future difference for private equity industry in China study says
November 12, 2013--A joint study from Deutsche Börse and CMS Hasch Sigle shows that the quality of investments becomes more important. As a result of the slowing Chinese Economy, of closed IPO exit channels and of the increasing competition in many sectors of the economy the level of Corporate Governance of the companies can make the difference between good and mediocre returns.
"The times where companies could be sold with high multiples due to the China growth phantasy are definitely over", says Alexander von Preysing, Deputy Head of Issuer & Primary Market Relations at Deutsche Börse. Fund Managers which want to differentiate themselves see the adherence to stringent Corporate Governance as a key topic to add value during their investment cycle. Many fund managers would welcome a more rigorous approach to implement international Corporate Governance standards. "It is still a long way to go but Chinese entrepreneurs will sooner or later understand that the rules of the capital markets have unavoidably to be complied with", emphasizes Volker Potthoff from CMS Hasche Sigle.
Source: Deutsche Börse
