Global ETF News Older than One Year
Money funds at risk of big drop in assets
November 21, 2013--Global money market funds are projected to lose around a third of their assets under management next year as the combined forces of record low interest rates and new regulations batter the multi-trillion dollar industry.
Incoming rules from regulators in the US and Europe could trigger outflows of at least 30 per cent, according to Moody’s, the credit rating agency, with medium and small funds hit worst as spooked investors pull their money.
Source: FT.com
Global investors say it's too soon to buy emerging markets
November 20, 2013--Leading fund managers are reluctant to invest broadly in emerging markets next year as many major developing economies suffer from sluggish growth and weak corporate earnings.
But instead of abandoning the asset class, participants at the Reuters Global Investment Outlook Summit say they will hunt for companies in specific sectors such as consumer goods and technology that they believe will outperform overall markets.
Source: Reuters
SWIFT Index anticipates a strong start to 2014 for the UK and US economies
November 20, 2013--SWIFT, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, today forecasts continued momentum in the growth of the UK and US economies.
Based on an average of 2 million SWIFT payments messages per day, the SWIFT Index produces quarterly GDP growth nowcasts and forecasts for the UK, EU27, Germany, US and OECD economies and is available on a monthly basis for download at swift.com.
Source: SWIFT
ICE to Buy Singapore Mercantile Exchange for $150 Million
November 19, 2013-IntercontinentalExchange Group Inc. (ICE) agreed to buy Singapore Mercantile Exchange Pte for $150 million to add commodity futures trading in Asia, where China reigns as the biggest user of everything from energy to metals.
Atlanta-based ICE will buy the exchange operator and Singapore Mercantile Clearing Corp. from Financial Technologies (FTECH) India Ltd., the Mumbai-based company said today in a statement.
Source: Bloomberg
US investors find their way back to Europe
November 19, 2013-Two years ago in the midst of the eurozone sovereign debt crisis, US investors were fleeing from the region's financial sector in droves, plagued by fears that some lenders were on the brink of disaster and the economy was in tatters.
The French banks in particular were nearly brought to their knees by the withdrawal of short-term money-market funding as conservative investors returned to home turf, while long-only money also pulled back with a vengeance.
Source: FT.com
Exclusive: Barclays weighs index unit sale after MSCI approach-sources
November 19, 2013--Barclays Plc is exploring options for its index business after equity index provider MSCI Inc approached the British bank recently about buying the unit, according to several people familiar with the situation.
MSCI's interest has spurred early-stage discussions at Barclays, the sources said, and the bank has not yet decided whether it should sell the Barclays Indices platform, which includes well-known products like the Barclays U.S. Aggregate Bond Index, which tracks assets with a market value of $16.7 trillion (£10.36 trillion).
Source: Reuters
New Book Looks at Major Trends and Challenges in Geopolitics
What's Next: Essays on Geopolitics that Matter' Volume 2' is a series of essays on the latest trends and challenges in geopolitics
Topics covered include US-China relations, the China-Russia dynamic, events in the Middle East and the rise of popular politics
Unconventional energy in North America and its implications on global energy markets are also examined
November 19, 2031--What's Next: Essays on Geopolitics that Matter, Volume 2, is the latest book published by the World Economic Forum,s Global Agenda Council on Geopolitical Risk that examines the major trends and fault lines shaping geopolitics today.
The book, the second to be published by the Council, is co-edited by Ian Bremmer, Vice-Chair of the Global Agenda Council on Geopolitical Risk and Founder and President of Eurasia Group, and Wu Xinbo, Chair of the Global Agenda Council on Geopolitical Risk and Executive Dean, Institute of International Studies, Fudan University. Chapters include The Rise of the Vox Populi Risk, a look at the rise of populist politics; The Dynamics of Disorder: Power Shifts and Politics in the Middle East; and The Vulnerability of Elites, which ties together discussions among Council Members on emerging challenges that leaders could face just as other risks, such as the break-up of the eurozone, subside.
view the ebook-What's Next: Essays on Geopolitics that Matter, Volume 2
Source: WEF (World Economic Forum)
World Bank-Infographic: Carbon Markets of the World
November 18, 2013--The World Bank Infographic: Carbon Markets of the World is available for viewing.
Source: World Bank
World Bank-Damages from Extreme Weather Mount As Climate Warms
New Report Calls for Greater Investment in Managing Climate and Disaster Risk
November 18, 2013--As the global climate continues to change, the costs and damages from more extreme weather related to a warming planet are growing. While all countries are impacted, developing nations bear the brunt of mounting losses in lives and livelihoods from increasingly severe floods, droughts, and storms.
"Typhoon Haiyan, the most powerful typhoon ever to hit the Philippines, has brought into sharp focus how climate change is intensifying the severity of extreme weather events, which hurts the poor the most," said Jim Yong Kim, World Bank Group President. "While the immediate relief effort must be front and center of our attention today, such tragic events show that the world can no longer afford to put off action to slow greenhouse emissions, and help countries prepare for a world of greater climate and disaster risks."
view the World Bank Report-Building resilience: integrating climate and disaster risk into development
Source: World Bank
ESMA finalises clearing and risk mitigation obligations for non-EU OTC derivatives
November 18, 2013--The European Securities and Markets Authority (ESMA) has issued final draft regulatory technical standards (RTS) related to derivative transactions by non-European Union (EU) counterparties. The RTS implement provisions of the Regulation on OTC derivatives, central counterparties and trade repositories (EMIR).
EMIR provisions regarding central clearing and risk mitigation techniques also apply to those OTC derivatives entered into by two non-EU counterparties which have a direct, substantial and foreseeable impact on EU financial markets. Ensuring that risks posed to the EU's financial markets by non-EU transactions are addressed by regulation and supervision is key in ensuring safer markets.
Source: ESMA
