Global ETF News Older than One Year
Silver ETF holdings rise to four-month highs
The amount of silver held by the iShares Silver Trust ETF rose to a four-month high on the back of strong retail interest
August 15, 2013--The amount of silver held by the world's largest silver-backed exchange-traded fund, iShares Silver Trust, rose to a four-month high as a sharp price rally in the metal and economic optimism triggered strong retail interest.
According to the latest update on the ETF's website on Tuesday, the tonnage of silver bullion bars held by the U.S. silver ETF increased nearly 60 tonnes, or 0.6 percent, to 10,454 tonnes, the highest since April 11.
Source: MineWeb
Consultative documents on longevity risk transfer markets and point of sale disclosure issued by the Joint Forum
August 15, 2013--The Joint Forum released today two consultative documents.
The first is Longevity risk transfer markets: market structure, growth drivers and impediments, and potential risks.
The ageing population phenomenon being observed in many countries poses serious social policy challenges. Longevity risk - the risk of paying out on pensions and annuities longer than anticipated - is significant when measured from a financial perspective. For example, certain estimates of the total global amount of annuity- and pension-related longevity risk exposure range from USD 15 trillion to USD 25 trillion. At the same time, pension funds are increasingly looking for ways to hedge or transfer this exposure. The Joint Forum is therefore publishing this forward-looking consultative report to draw attention to this issue of increasing importance, to assist in setting appropriate policies and to help ensure effective supervision of related activities and risk.
Source: BIS
ETF Securities Research Update-
August 13, 2013--Key Points:
Record demand for US Mint silver coins, as commercial demand appears to be turning around;
Worst annual plunge since the aftermath of the Hunt Brothers in 1981;
Technical indicators signal potential upside for silver.
For opportunistic investors, the 29% decline of the silver price over the past 12-months represents a potentially attractive entry level. While silver is the worst performing precious metal this year, a closer analysis reveals that silver may have corrected too far and it is poised for future growth. Unlike gold, about 50% of silver consumption is driven by industrial use. Known for being the best conductor of electricity and integral to the electronics industry, demand is likely to remain steady, while new interest from the solar industry also indicates the potential for upward price pressure.
Source: ETF Securities Research
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
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.
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