Global ETF News Older than One Year
Progress towards implementing the Principles for financial market infrastructures (PFMIs) report issued by CPSS/IOSCO
August 12, 2013--CPSS and IOSCO have today published Implementation of the PFMIs-Level 1 assessment report. The report reviews jurisdictions' progress towards implementing the Principles for financial market infrastructures (the PFMIs), published by CPSS-IOSCO in April 2012 and which includes risk management standards for financial market infrastructures (FMIs) such as central counterparties,
payment systems and securities settlement systems, and trade repositories. This report reviews jurisdictions' progress towards adopting legislation and other regulations and policies that will allow authorities to completely implement the PFMIs into their regulatory frameworks for market infrastructures. Future CPSS-IOSCO assessments will evaluate the consistency of implementation measures in each jurisdiction with the PFMIs and will evaluate consistency of outcomes among FMIs themselves resulting from the application of the PFMIs. CPSS and IOSCO will periodically publish updates to this report to demonstrate progress made towards full implementation.
Source: BIS
2013 Midyear SPDR ETF & Investment Outlook: The Search for Yield Evolves
August 12, 2013--With the Dow Jones Industrial Average breaking 15,000 and other markets hitting record highs around the globe, categorizing the market as optimistic seems more than reasonable. But the best performing
global sector, health care, is traditionally considered one of the most defensive.1
What gives? Can the fact that global treasuries’ total returns are negative confirm this sentiment? Commodities are in the red as well. Is this the start of the next great bull market we have all been waiting for? What, if anything, can ETF flows tell us?
2013 ETF INDUSTRY HIGHLIGHTS
With nearly $84 billion of inflows during 2013, investors have
found comfort in equity ETFs, but not at the expense of fixed
income funds which brought in $30 billion this year. While this
may simply be a function of the continued acceptance of fixed
income ETFs by a wider investor base, flows as a percentage of
assets were slightly stronger than equities. Investors were busy
putting capital to work in those asset classes, but commodity
exposure has clearly been out of favor in 2013. Even with a sizable
outflow from commodities, the global ETF industry has seen over
$93 billion of net flows over the first five months of the year.
Source: SSgA
Authorities' access to trade repository data report issued by CPSS-IOSCO
August 12, 2013--The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have today published a report entitled Authorities' access to trade repository data.
Trade repositories (TRs) are entities that maintain a centralised electronic record of over-the-counter (OTC) derivatives transaction data. TRs play a key role in increasing transparency in the OTC derivatives markets by improving the availability of data to authorities and the public in a manner that supports the proper handling and use of the data.
Source: BIS
Recovery of financial market infrastructures, consultative report issued by CPSS-IOSCO
August 12, 2013--The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have today published for public comment a consultative report on the Recovery of financial market infrastructures.
The report provides guidance to financial market infrastructures such as CCPs on how to develop plans to enable them to recover from threats to their viability and financial strength that might prevent them from continuing to provide critical services to their participants and the markets they serve. It also provides guidance to relevant authorities in carrying out their responsibilities associated with the development and implementation of recovery plans and tools.
view more view the Consultative report-Recovery of financial market infrastructures
Source: IOSCO
Thomson Reuters Global Equities Monthly Market Share Data Reports-July 2013
Source: Mondovisione
Rachel Lord to Replace Joe Linhares at iShares
Linhares will return to the U.S. to take on an undefined role that will be confirmed in the "autumn," according to an internal memo from David Blumer, head of Emea at BlackRock, and Mark Wiedman, global head of iShares.
Source: Wall Street Journal
Investment cost concerns are more than media angst
Real men don’t spend hours obsessing over fractions of a per cent here and there, the reasoning goes. They concentrate on picking investments that turn in such great performances that any minor variations in cost are insignificant. Only pesky journalists, scrabbling around for sensational headlines to fill blank pages at an un-newsy time of the year, think costs are a big issue....
Source: FT.com
OPEC Monthly Oil Market Report-August 2013
The Nymex WTI front-month contract gained a hefty $8.90/b in July to
average $104.70/b. Positive US economic data coupled with US crude inventory draws attracted speculative flows back into the US crude futures market. Managed money net long positions rose to
the highest level since the CFTC began publishing weekly disaggregated data in September 2009.
ICE Brent was supported by supply disruptions, although the upward price trend was partly offset by
higher US shale supplies and worries about weaker Chinese demand.
Source: OPEC
FTSE/JSE to license top 40 index to Chinese fund manager
The letter, which signifies closer ties between South Africa and China’s financial markets, was signed during the inaugural South Africa China Market Forum held at the JSE today.
The FTSE/JSE top 40 Index, an index within the FTSE/JSE Africa Index Series, consists of the 40 largest companies on the JSE by market capitalisation
Source: FTSE Global Markets
DTCC: White Paper on systemic risk
It is meant to inform and elevate the discussion on the rapidly evolving spectrum of systemic risks facing financial markets.
Source: Eurex
August 9, 2013--Trading is increasingly fragmented. Find out by how much and which venues in the Thomson Reuters summarised monthly reports.
August 9, 2013--Joe Linhares, BlackRock Inc.'s (BLK) head of iShares in Europe, the Middle East and Africa, is stepping down from his role and will be replaced by Rachel Lord, Citigroup Inc.'s (C) global head of corporate equity derivatives, Financial News has learned.
August 9, 2013--There is an argument that the long-running debate over investment costs-and particularly fund management costs -is just media fetishism.
August 9, 2013--Highlights
The OPEC Reference Basket averaged $104.45/b in July, representing a gain of $3.42/b over the previous month. The increase came mainly from Brent-related North African grades, as well as
Middle Eastern crudes.
August 8, 2013--The Johannesburg Stock Exchange (JSE) has signed a letter of intent for an index product licence with Chinese fund manager GF Fund Management to create exchange traded funds based on the FTSE/JSE top 40 Index.
August 8, 2013--DTCC, the premier post-trade market infrastructure for the global financial services industry, has published a new white paper. Under the title "Beyond the horizon" the paper promotes systemic-risk awareness and mitigation across the global financial industry.
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