Global ETF News Older than One Year
ETF Securities- Precious Metals Weekly: Platinum Price Surpasses Gold on South African Disruptions
January 21, 2013--The platinum price temporarily surpassed the gold price for the first time in 10 months on Amplats' platinum operations review. A mplats announced a 400koz estimated reduction in production last week deriving from mine closures in an attempt to contain its rising costs.
The potential loss in production is equivalent to 7% of total mine supply in 2012 and is expected to tighten result in further tightness in the platinum market. Supply side issues in South Africa are likely to remain the main platinum price driver in 2013. Labour disruptions and production rationalisation are likely to continue to tighten the supply-demand balance, as more companies follow Amplats' example. With nearly 80% of the world's supply of platinum mined in South Africa, supply disruptions and political hurdles in the country can significantly impact the price.
Thomson Reuters GFMS remains bullish gold in 2013, forecasting gold to average an all-time high over the first half of the year. The consultancy company published its latest Gold Survey 2012 update last week, with predictions for the first half of 2013. Despite the sell-off in the last quarter of 2012, Thomson Reuters GFMS expects that extremely accommodative monetary stance from the US Fed and other major central banks and continued sovereign debt concerns will remain in place and will return to the fore this year. While the market appears concerned the Fed may prematurely end its QE program in 2013, other central banks are flooding financial markets with cheap liquidity including the ECB, the Bank of Japan, and potentially more from the Bank of England with a new governor in 2013.
Visit www.etfsecurities.com for more info.
Source: ETF Securities
Global Experts Poll: Economic Confidence Improves in First Quarter, Fears Subside
Economic confidence index ticks up to 0.43 from 0.38 last quarter, closer to optimistic territory of over 0.5
Percentage fearing a major economic disruption for year ahead falls to 48% from 53% last quarter
Seventh quarterly Global Confidence Index polled 390 experts from business, government, international organizations and academia who are members of the Forum’s Network of Global Agenda Councils
January 21, 2013--Confidence in the state of the world economy recovered somewhat in the first quarter of 2013, according to a World Economic Forum poll of 390 experts.
The Economic Confidence Index rose to 0.43 from 0.38 on a scale from 0 to 1, getting closer to optimistic territory amid some positive signs from the Eurozone and a sense that the worst fears for the US “fiscal cliff” debt crisis had been allayed. Regionally, the improvement in confidence was most marked in North America.
“The first Economic Confidence Index result of 2013 gives us some cause for optimism, but the figure is still in negative territory overall. We still need dynamic leadership to drive the economy ahead and overcome challenges,” said Martina Gmür, Senior Director of the Forum’s Network of Global Agenda Councils.
view results-Global Confidence Index
Source: WEF
The BRICs and beyond: prospects, challenges and opportunities
January 18, 2013--This is the latest in a series of reports that seeks to update projections of potential growth in GDP in leading economies over the period to 2050.
The original PwC ‘World in 2050’ study in 2006 covered the 17 largest economies: the G7 (France, Germany, Italy, Japan, the UK, the US and Canada) plus Spain, Australia and South Korea; and the E7 (Brazil, Russia, India, China, Indonesia, Mexico and Turkey).
The extended 2013 study – titled World in 2050 The BRICs and Beyond: Prospects, challenges and opportunities - also includes Vietnam, Nigeria, South Africa, Malaysia, Poland, Saudi Arabia and Argentina.
view the PWC report-World in 2050 The BRICs and beyond: prospects, challenges and opportunities
Source: PwC
Geographic Exposure: Russell Developed Europe Large Cap Emerging Markets GeoExposure Index Outperformed Its Parent Russell Developed Europe Large Cap Index for YTD, 3 & 4 Years Ended January 16th
January 18, 2013--The Russell Developed Europe Large Cap Emerging Markets GeoExposure Index, designed to track the performance of companies within its parent index the Russell Developed Europe Large Cap Index with significant revenue exposure to emerging markets, outperformed its parent index by 0.9% year-to-date, 1.7% (annualized) for three years and 5.5% (annualized) for four years ended January 16th (index history inception is July 2008).
"The performance of the Russell Developed Europe Large Cap EM GeoExposure Index relative to the European and emerging markets indices illustrates the positioning of gaining exposure to emerging markets through the stocks of developed market companies. If emerging markets are performing comparatively well, the increased exposure to companies which derive a significant portion of their revenue from emerging markets may lead the GeoExposure index to outperform its parent index, in this case the Russell Developed Europe Large Cap Index. We would expect the opposite when emerging markets are in a down cycle, yet it should be mitigated by all the constituents being within developed markets," said Russell Indexes senior research director Tom Goodwin.
Source: Russell
ETF Securities Global Commodity ETP Quarterly-Q4 2012
January 18, 2013--The report includes:
A comprehensive and fully up-to-date reference guide to investing in global commodity ETPs and indexes-no ETP type or geographic area is excluded. The report details the large and growing choice of commodity ETP exposures and strategies around the world.
Summary analysis of global commodity ETP flows, trading volumes and AUM trends. Includes a detailed analysis of what has been driving trends in 2012 and the outlook for 2013.
Roll yield analysis (contango/backwardation) broken down by individual commodity and commodity sectors.
view the ETF Securities Global Commodity ETP Quarterly-Q4 2012
Source: ETF Securities
Energy Position Limits May Cause More Price Volatility, IEA Says
January 18, 2013--The implementation of stricter regulations on global swaps markets, such as position limits and higher margin requirements, may cause energy prices to become more volatile, the International Energy Agency said.
“The new rules are intended to bring transparency to the swaps markets and lower their risks,” the Paris-based energy adviser said in its monthly oil market report today. “Regulatory uncertainties and inconsistencies within and across jurisdictions might in fact lead to less transparent and more risky global financial markets.”
Source: Bloomberg
State Street 4th-qtr profit up 26 pct, beats estimates
January 18, 2013--State Street Corp said on Friday fourth-quarter profit beat Wall Street estimates, rising 26 percent on a big boost from investment management fees.
Net income was $468 million, or $1.00 a share, compared with $371 million, or 76 cents a share, in the year-ago period.
On an operating basis, State Street earned $521 million, or $1.11 a share.
Source: Reuters
SSgA's AUM climbs 13% in 2012; ETFs up 38%
January 18, 2013--State Street Global Advisors had $2.089 trillion in assets under management as of Dec. 31, up 1.2% from three months earlier
and 13.2% higher than the end of 2011, according to parent company State Street Corp. (STT)'s earnings statement Friday.
Source: Pensions & Investments
ETF Securities To Strengthen Its Retail Strategy With Senior Sales Hire
January 17, 2013--ETF Securities (UK) Limited, part of the ETF Securities group which is one of the world's leading independent providers of exchange-traded investment products and a pioneer in Exchange Traded Commodities (ETCs), has hired former Trader and Salesman, Frank Spiteri, as Head of Retail Distribution.
The hire has been made in response to a growing demand from retail investors for highly liquid, cost-effective and transparent investment solutions. He will report into Matt Johnson, Head of Distribution for Europe, Middle East and Africa (EMEA).
Source: Mondovisione
NASDAQ OMX to Combine Market Technology and Corporate Solutions Businesses
Industry Leading Provider of Business, Trading and Exchange Technology Solutions to Align Businesses to Improve Client Offering and Advance Technology Leadership Position
Company Appoints Bradley Peterson as Global Chief Information Officer
January 17, 2013--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the company will combine its Market Technology and Corporate Solutions businesses. The combination will enable increased focus and drive growth across the company's technology businesses, create a dedicated software and technology management structure and advance NASDAQ OMX's market position by leveraging global distribution and scaling our products and services.
The new business unit will be led by Anna Ewing, executive vice president, Global Technology Solutions, NASDAQ OMX.
Global Technology Solutions includes Market Technology and Corporate Solutions. The Market Technology business provides technology and advisory services to over 70 marketplaces, clearing organizations and central securities depositories in over 50 countries as well as risk management and surveillance solutions to financial services firms. Corporate Solutions provides public and private companies with a portfolio of products and services that deliver critical market intelligence and communications solutions which help identify, target and communicate with stakeholders.
NASDAQ OMX intends to treat the combined Market Technology and Corporate Solutions businesses as a separate reporting segment effective January 1, 2013.
Source: NASDAQ OMX
