Global ETF News Older than One Year
BlackRock Research- ETP Landscape-Market sentiment drives rare outflows
July 8, 2013--Starting on May 22nd, Ben Bernanke's remarks about the Fed tapering its bond buying program set global investors into flight from a variety of asset classes.
Many of these investors turned to ETPs to execute their investment views, resulting in net outflows in June of ($8.2bn), along with elevated ETP trading volumes.
ETFs accounted for 31% of all trading volume in US equity markets in June, up from 20-25% in recent months.
Emerging Markets (EM) Equities saw redemptions continue in June with ($6.6bn). This is the fifth consecutive month of outflows for EM Equities following months of substantial inflow.
Fixed Income ETPs saw monthly outflows for the first time since December 2010. Investors continued to move to shorter duration ETPs, which attracted $5.5bn in June. Other Fixed Income maturity categories saw outflows of ($13.5bn).
Gold ETP redemptions continued in June – a six month trend to date – with ($4.1bn) of outflows, bringing YTD outflows to ($28.2bn).
Developed Market Equity ETPs continued to attract new money, adding $11.8bn in June which is down from May’s level of $30.3bn, but on par with April flows of $13.2bn.
Source: BlackRock
ETFS Precious Metals Weekly-China and Central Banks Step Up Gold Buying as Price Falls
July 8, 2013--Strong June US payroll numbers released on Friday sent precious metals lower.
Not only were June figures higher than consensus expectations, there were
sizable upward revisions to previous months' figures. Investors took this as
further confirmation the Fed will be reducing its bond buying program in the next few months.
On the other hand, forward guidance by the European Central Bank and the Bank of England (the latter under new leadership), made it clear that they don’t foresee tightening monetary conditions any time soon. This helped push up the US dollar, which further weighed on precious metals performance. Earlier in the week, the Chinese push to ease the liquidity crunch in China’s interbank market is helping allay fears of a sharp slowdown in China’s growth. Easier monetary conditions may provide support for platinum and palladium in coming weeks and months. While rising rates and a strong US dollar have been negative for gold price performance, as noted below, central banks and China consumers appear to view the price weakness as a buying opportunity.
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Source: ETF Securities
Assets of top 100 alternative investment managers pass $3 trillion
The survey by Towers Watson (TW.N) said that almost 40 percent of the $3.1 trillion was held by the top 25 managers in each of the seven asset classes taken into consideration.
Reuters
Thomson Reuters Global Equities Monthly Market Share Data Reports-June 2013
Source: Mondovisione
Palestine Added To Lst Of MSCI Standalone Countries
The Index consists of four listed companies including PALTEL, Bank of Palestine, PADICO Holding & Wataniya Mobile.
Listing Palestine on MSCI indices responds to the Palestine Exchange's constant efforts in mapping Palestine on regional and international investment agenda.
Source: Mondovisione
Citi Launches a Series of Emerging Markets Government Bond Indices
It will also serve as a benchmark for the emerging sovereign fixed income markets.
"We are delighted to add these emerging market indices to our government bond index series, and believe this will provide investors the opportunity to gain exposure to growing economies" EMGBI-JIT, a variant of the EMGBI is designed to serve as a benchmark for performance evaluation by Japanese investment trusts. Also, three emerging markets – China, India, and Sri Lanka will join the index family as individual indices to form a set of EMGBI Additional Market Indices. These markets will be monitored for inclusion to the EMGBI if specific criteria are met.
Source: Citi
ETFs close in record numbers despite industry boom
About 117 ETFs have shuttered in the first half of this year, according to data collected by independent research firm ETFGI, easily outpacing closures in the same period in previous years. Out of 4,849 exchange traded products on the market, more than 60 per cent have less than $100m in assets, suggesting that more closures could take place in the coming months.
Source: FT.com
Report on the regulatory consistency of risk-weighted assets in the banking book issued by the Basel Committee
This study is a part of its wider Regulatory Consistency Assessment Programme (RCAP), which is intended to ensure consistent implementation of the Basel III framework. The study draws on supervisory data from more than 100 major banks, as well as additional data on sovereign, bank and corporate exposures collected from 32 major international banks as part of a portfolio benchmarking exercise.
There is considerable variation across banks in average RWAs for credit risk in the banking book. The study published today finds that most of the variation in RWAs can be explained by broad differences in the composition of banks' assets, reflecting differences in risk preferences as intended under the risk-based capital framework. However, there is also material variation driven by diversity in bank and supervisory practices.
Source: BIS
Capital requirements for banks' equity investments in funds revised by the Basel Committee
In reviewing the existing standard for banks' equity investments in funds, the Committee's objective was to develop an appropriately risk sensitive and consistently applied risk-based capital regime. The existing standard would benefit from further clarity in some areas. In addition, it does not require banks to reflect a fund's leverage when determining capital requirements associated with their investments in a fund, even though leverage is an important risk driver. The Committee believes the revised standard will more appropriately reflect the risk of a fund's underlying investments and its leverage.
Source: BIS
Institutional investors need access to long-term instruments to finance real economy, says EDHEC-Risk
EDHEC-Risk Institute says there needs to be a policy and regulatory focus on the type of instruments that long-term investors need, rather than which sectors of the economy qualify as “long-term” investment. In its recent responses to the European Insurance and Occupational Pension Authority's (EIOPA) consultation on the design and calibration of the Solvency II Standard Formula for long-term investment (May 2013), and to the European Commission's Green Paper on long-term financing (June 2013), EDHEC-Risk Institute has highlighted three important points.
Source: EDHEC-Risk
July 8, 2013--The total assets held by the top 100 alternative investment managers globally reached $3.1 trillion in 2012, over 60 percent of the total $5.1 trillion alternative assets under management worldwide, a survey said on Monday.
July 8, 2013--Trading is increasingly fragmented. Find out by how much and which venues in the Thomson Reuters summarised monthly reports.
July 8, 2013--Morgan Stanley International Capital (MSCI) announced that Palestine has been added to the list of Standalone countries of MSCI, the MSCI Palestine IMI Index started on June 3, 2013.
July 8, 2013--Citi has added a suite of emerging markets indices to its fixed income index family. The Emerging Markets Government Bond Index (EMGBI), which will form the basis of the indices is designed to measure the performance of fixed-rate, local currency sovereign bonds.
July 7, 2013--Record numbers of exchange traded funds have closed so far this year, underscoring the difficulty many of the investment vehicles face in gaining traction among investors, despite the industry's overall boom in popularity in recent years.
July 5, 2013--The Basel Committee on Banking Supervision has today published its first report on the regulatory consistency of risk-weighted assets (RWAs) for credit risk in the banking book.
July 5, 2013--The Basel Committee on Banking Supervision today published a set of proposals that would revise the prudential treatment of banks' equity investments in funds.
July 5, 2013--Policy makers increasingly wish to see institutional investors become more involved in the financing of the real economy, but matching the supply of long-term capital provided by such investors with long-term investment demand is not self-evident.
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