Global ETF News Older than One Year
SSgA-Global ETF Snapshot-October 2013
November 14, 2013--STATE STREET GLOBAL ADVISORS HIGHLIGHTS, OCTOBER 2013
ETF Industry Detail
GLOBAL ETF LISTING REGION
The United States had over $26.6BN of inflows in the month October, increasing its year-to-date inflows to $152.9BN.
Europe experienced inflows of $4.0BN in October, increasing its year-to-date inflows to $13.5BN, while APAC had inflows of $4.8BN, increasing its year-to-date inflows to $12.7BN.
GLOBAL PERFORMANCE BY ASSET CLASS
MSCI AC World IMI increased 3.9%, while MSCI EAFE(R) gained 3.4%. Emerging markets returned 4.9%, while Emerging Markets Small Cap jumped 4.4%. US Large Cap, Mid Cap and Small Cap markets were all positive, increasing 4.6%, 3.7% and 3.6%, respectively.
The Global Aggregate gained 1.0% and the Global Treasury Ex US grew 1.1%. The US High Yield, the US Aggregate, the US Treasury and the US Corporate Bond markets were all positive in October. The US REIT market was up 4.1%. Commodities were negative, with the Dow Jones-UBS Commodity Index losing 1.5% and Gold dropping 0.2%.
GLOBAL ETF FLOWS BY ASSET CLASS
Global ETF inflows topped $35.3BN in October. Equity had inflows of $36.4BN. The equity inflows were driven by developed large cap, with $8.3BN in inflows, and developed mid cap, with $6.7BN in inflows. Fixed Income had inflows of $1.1BN, which were driven by inflows of $2.9BN into developed markets corporate high yield.
ETF Manager & Fund Detail
MANAGER DETAIL
The top three families in the Global ETF marketplace were: BlackRock, State Street and Vanguard. Collectively, they account for approximately 71% of the Global ETF market.
Source:SSgA
BNY Mellon Consultant 360 now available
November 14, 2013--The BNY Mellon Consultant 360 Volume lV 2013 is now available.
Source: BNY Mellon
PwC-How global tax reforms might impact ETF efficiency: A look at the implications for ETF strategy and structuring
October 14, 2013--At a glance
Due to their low costs and potentially greater tax efficiency, ETFs offer a very efficient return to investors. ETFs' tax advantages have contributed to their strong competitive position and growth.
But a rapidly changing tax environment will present challenges as governments around the globe seek to bridge budget deficits. By staying on top of these changes, sponsors can mitigate adverse effects while remaining compliant with changing global tax laws.
Source: PwC
PwC-The next generation of ETFs: Why every asset manager needs an ETF Strategy
November 14, 2013--At a glance
Exchange traded funds (ETFs) have enjoyed two decades of explosive growth. Evolving and proliferating as they attracted new users, ETFs went from a single vehicle providing exposure to large cap US equities to thousands of products representing a dizzying range of asset classes and strategies.
As ETFs reshape their environment all over again, asset managers and intermediaries alike will want to have strategies in place to deal with the changes sweeping across the competitive landscape.
view the PwC report-The next generation of ETFs: Why every asset manager needs an ETF Strategy
Source: PwC
Charles Stanley to acquire Redwood's Evercore Pan Asset
November 14, 2013--Charles Stanley has agreed a deal to buy Evercore Pan Asset Capital Management, the passive portfolio specialist co-founded by John Redwood MP.
The deal will see Charles Stanley acquire the entire share capital of Evercore Pan Asset, buying the founders' stakes as well as the 68% shareholding owned by US-based Evercore Partners, the boutique investment firm.
Source: Investment Week
Will 2014 mark the return of the gold ETF investor?
November 14, 2014--In the first nine months of the year, physical gold ETFs saw almost 700 tonnes in redemptions.
But, according to Marcus Grubb, MD Investments at the World Gold Council, recently "We have almost seen a cessation of outflows and, in fact, we had some net inflows globally in the last two to three weeks into November."
Source: MineWeb
ETF outflows pull gold demand lower in Q3-WGC
November 14, 2013--During the period, 118.7 tonnes of gold flowed out of ETFs but the reasons for the outflows were a continuation of the factors that saw over 400 tonnes leave in Q2
November 14, 2013--Gold demand fell 21% in volume terms during the third quarter of 2013, the World Gold Council says, driven lower by continued outflows from ETFs.
Writing in its Gold Demand Trends report for the three months to end September, the Council said, gold demand fell to 868.5 tonnes. This translated, in value terms to US$37bn, down 37% on the quarter.
Source: MineWeb
FSB Publishes Global Shadow Banking Monitoring 2013
November 14, 2013--The Financial Stability Board (FSB) is publishing today its third annual Global Shadow Banking Monitoring Report.
The report includes data from 25 jurisdictions and the euro area as a whole; these jurisdictions represent about 80% of global GDP and 90% of global financial system assets. For the first time the report also incorporates estimates from a hedge fund survey by the International Organization of Securities Commissions (IOSCO).1
view the FSB Global Shadow Banking Monitoring Report 2013
Source: FSB
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
