Global ETF News Older than One Year


IMF-Carbon Pricing: What Role for Border Carbon Adjustments?

September 27, 2021--Summary:
This Climate Note discusses the rationale, design, and impacts of border carbon adjustments (BCAs), charges on embodied carbon in imports potentially matched by rebates for embodied carbon in exports. Large disparities in carbon pricing between countries is raising concerns about competitiveness and emissions leakage, and BCAs are a potentially effective instrument for addressing such concerns. Design details are critical, however.

For example, limiting coverage of the BCA to energy-intensive, trade-exposed industries facilitates administration, and initially benchmarking BCAs on domestic emissions intensities would help ease the transition for emissions-intensive trading partners. It is also important to consider how to apply BCAs across countries with different approaches to emissions mitigation. BCAs are challenging because they pose legal risks and may be at odds with the differentiated responsibilities of developing countries. Furthermore, BCAs provide only modest incentives for other large emitting countries to scale carbon pricing-an international carbon price floor would be far more effective in this regard.

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Source: IMF


Passive investment blamed for inflating stock market bubble

September 27, 2021--Research suggests index funds have insulated US equities from threat of a sustained bear market.

The trillions of dollars that have flooded into passive funds in recent years have inflated valuations, radically reshaping the US stock market and insulating it from the threat of a sustained bear market, research has claimed.

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Source: ft.com


How climate friendly is your capital?

September 24, 2021--To celebrate New York Climate Week, we measured the SDG impact of every US-domiciled fund.
Winter is coming, and soaring gas prices-455% in 12 months-are creating a headache for leaders trying to balance national needs and emissions targets. Good news for the UK: its first green gilt sale drew £10bn to help it meet both demands.

Mark Carney launched the Net Zero Financial Service Providers Alliance: the newest addition to the UN's Race to Zero campaign. Bringing together 17 high-profile inaugural members, the alliance aims to green global financial institutions.

Two little-noticed developments in Australia and the Netherlands underscore the fact that regulators worldwide are ramping up scrutiny of ESG claims, reports the FT. Meanwhile, the SEC is taking aim at traditional materiality tests and greenwashing.

Is the trillion-dollar 'win-win' fantasy of ESG distracting from a real economic reset? Finance can be a source of positive change, writes Kenneth Pucker, but only impact measurement can separate ESG-marketed funds from ESG-committed funds.

Climate change ETFs are undermining the war on global warming by routinely engaging in greenwashing, finds EDHEC.

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Source: util.co


The impact of COVID-19 on directions and structure of international trade

September 23, 2021--2020 marked some of the largest reductions in trade and output volumes since WWII. Focusing on the COVID-19 pandemic and using the latest monthly and quarterly data on international trade of selected countries and products, this paper documents key shifts in geographical direction and product composition of international trade in 2020.

Trade in services declined by more than twice as much as trade in goods and its recovery has also been slower. While the size of the drop in global trade relative to the drop in output in 2020 was smaller than during the Global Financial Crisis (GFC), this was not related to the overall size of the trade impacts in 2020, but rather reflects the significant heterogeneity of trade and production impacts across specific goods, services and trade partners from COVID-19. Trade in several types of goods plummeted, while that in others increased markedly. As a result, the variation in trade impacts across the different product categories in 2020 was not only larger than during the GFC, but also larger than in any other year during the past two decades. The product structure of countries’ goods trade also changed significantly in 2020, indicating large adjustments. While some international supply chains came under pressure in early months of the pandemic, the data also show that supply chains were instrumental in the resumption of economic activity.

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Source: OECD


When Do Investors Freak Out?: Machine Learning Predictions of Panic Selling

September 22, 2021-- Abstract
Despite standard investment advice to the contrary, individuals often engage in panic selling, liquidating significant portions of their risky assets in response to large losses.Using a novel dataset of 653,455 individual brokerage accounts belonging to 298,556 households, we document the frequency, timing, and duration of panic sales, which we define as a decline of 90% of a household account's equity assets over the course of one month, of which 50% or more is due to trades.

We find that a disproportionate numberof households make panic sales when there are sharp market downturns, a phenomenonwe call "freaking out".

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Source: ssrn.com


IMF-Net Zero by 2050-The IEA outlines a path to decarbonize the energy sector in three decades

September 21, 2021--Following a raft of net zero target announcements in 2020 and 2021, scrutiny is mounting about the plans to get there. Some countries have detailed outlines of how they will reduce their emissions to net zero, but many still do not.

Thanks to countries with detailed plans we have an idea of the task at hand to decarbonize at the country level, but it is hard to imagine what it will take on a global basis. This is especially true given that the current global pledges won’t get us to net zero in time to limit the temperature rise to 1.5°C.

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view the IEA Net Zero by 2050A Roadmap for the Global Energy Sector

Source: IMF


Evergrande crisis entangles ETF investors as fallout spreads

September 21, 2021--Western investors are getting their fingers burnt after piling into exchange traded funds holding China Evergrande debt in an increasingly desperate hunt for yield.

The world's most indebted property developer is battling a serious liquidity ....

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Source: ft.com


Global economic recovery continues but remains uneven, says OECD

September 21, 2021--The global economy is growing far more strongly than anticipated a year ago but the recovery remains uneven, exposing both advanced and emerging markets to a range of risks, according to the OECD's latest Interim Economic Outlook.
The OECD says extraordinary support from governments and central banks helped avoid the worst once the COVID-19 pandemic hit.

With the vaccine roll-out continuing and a gradual resumption of economic activity underway, the OECD projects strong global growth of 5.7% this year and 4.5% in 2022, little changed from its May 2021 Outlook of 5.8% and 4.4% respectively.

Countries are emerging from the crisis with different challenges, often reflecting their pre-COVID 19 strengths and weaknesses, and their policy approaches during the pandemic. Even in the countries where output or employment have recovered to their pre-pandemic levels, the recovery is incomplete, with jobs and incomes still short of the levels expected before the pandemic.

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view the OECD Economic Outlook, Interim Report Keeping the Recovery on Track September 2021

Source: OECD


Winthrop Capital Management-The Calm before the Storm

September 21, 2021--The current period feels like we are in the proverbial "calm before the storm." The markets are quiet at elevated valuations, trading in a tight range. Bond yields are trending lower. The economic recovery appears to be running out of gas. Congress is trying to address the next round of fiscal stimulus wrapped up in a $3.5 trillion infrastructure bill. In addition, the Federal Reserve has begun its narrative around tapering this year, its process to withdraw monetary stimulus from the markets.

Over the past 18 months, the financial news has been dominated by the Covid-19 virus, including the massive push to control the spread, the rush to bring vaccines, and economic stimulus needed to support the crippled economy. Despite great progress, we have entered into a new stage of trying to reopen the markets and live with the Covid variant. We are in a cautiously optimistic period of getting kids back into the classroom, finding methods to gather the public for sporting events and entertainment, and encouraging workers to re-enter the labor market. We expect the equity market is vulnerable to negative news.

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Source: winthropcm.com


The Economics of Social Unrest-Economic analysis can shine a revealing light on the causes and consequences of social unrest

September 21, 2021--The past decade was marked by a series of high-profile social protests-the Arab Spring, Black Lives Matter, the Gilets Jaunes, and Occupy Wall Street, to name just a few. Yet while there has been a lot of soul-searching about their causes and consequences, and even though many commentators have pointed their fingers at economic forces, the economics profession has been relatively slow to respond. Indeed, rigorous quantitative economic analysis of social unrest is scant, with evidence limited to isolated cases until recently.

However, a new body of IMF staff research is filling this gap by analyzing the risks and economic costs of social unrest.

Measuring unrest
A key challenge when researching social unrest-defined as protests, riots, and other forms of civil disorder and conflict-is identifying when such events have occurred. Although sources of information are available, many are sporadic or are inconsistent in their coverage.

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Source: IMF


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Americas


July 11, 2025 RMB Investors Trust files with the SEC
July 11, 2025 Mutual Fund Series Trust files with the SEC
July 11, 2025 Simplify Exchange Traded Funds files with the SEC-Simplify Government Money Market ETF
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July 11, 2025 EA Series Trust files with the SEC-Towle Value ETF

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Europe ETF News


July 02, 2025 Valour Launches Eight New ETPs on Spotlight Stock Market, Including Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB (OKB), Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB), and Stacks (STX)
June 16, 2025 ESMA's activities in 2024 focused on strengthening the EU capital markets and putting citizens and businesses at the heart of it
June 12, 2025 Janus Henderson launches active fixed income ETF
June 12, 2025 ifo Institute Raises Growth Forecast for Germany
June 10, 2025 ESMA publishes latest edition of its newsletter

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Asia ETF News


July 02, 2025 Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index

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Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

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Africa ETF News


July 04, 2025 South Africa: African Development Bank Country Focus Report highlights urgent need for economic transformation as GDP growth remains subdued
July 01, 2025 Africa's Trade Projected to Hit $1.5 Trillion in 2025
June 26, 2025 National stock exchange launched in Somalia
June 24, 2025 East Africa's regional 20 share index
June 16, 2025 African Credit Rating Agency to Launch September 2025

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ESG and Of Interest News


June 30, 2025 OECD-Environment at a Glance Indicators
June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale

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White Papers


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