Global ETF News Older than One Year
ETFGI Global ETF and ETP industry insights, Q2 2012
July 5, 2012--Summary for ETFs listed globally
At the end of Q2 2012, the global ETF industry had 3,309 ETFs, with 7,353 listings, assets of US$1,503 Bn, from 171 providers on 50 exchanges.
Assets
ETF assets have increased by 4.0% from US$1,445 Bn in May 2012 to US$1,503 Bn in June 2012.
YTD through end of Q2 2012, ETF assets have increased by 11.1% from US$1,353 Bn to US$1,503 Bn.
Flows
In June 2012, ETFs saw net inflows of US$18,571 Mn. YTD through end of Q2 2012, ETFs saw net inflows of US$99,800 Mn.
iShares gathered the largest net ETF inflows in June with US$6,504 Mn, followed by SPDR ETFs with US$4,204 Mn and PowerShares with US$1,730 Mn net inflows.
Vanguard gathered the largest net ETF inflows YTD with US$29,925 Mn, followed by iShares with US$24,929 Mn and SPDR ETFs with US$10,107 Mn net inflows.
Van Eck Associates Corp experienced the largest net outflows in June with US$369 Mn.
db x-trackers experienced the largest net outflows YTD with US$1,428 Mn, followed by Commerzbank with US$875 Mn and Lyxor Asset Management with US$857 Mn net outflows.
Summary for ETFs and ETPs listed globally
Including other Exchange Traded Products (ETPs), the global ETF/ETP industry had 4,684 ETFs/ETPs, with 9,443listings, assets of US$1,682 Bn, from 202 providers on 54 exchanges.
Assets
ETF/ETP assets have increased by 3.9% from US$1,619 Bn in May 2012 to US$1,682 Bn in June 2012.
YTD through end of Q2 2012, ETF/ETP assets have increased by 10.2% from US$1,526 Bn to US$1,682 Bn.
Flows
In June 2012, ETFs/ETPs saw net inflows of US$21,483 Mn. YTD through end of Q2 2012, ETFs/ETPs saw net inflows of US$106,940 Mn.
iShares gathered the largest net inflows in June with US$6,788 Mn, followed by SPDR ETFs with US$4,706 Mn and PowerShares with US$1,730 Mn net inflows.
Vanguard gathered the largest net inflows YTD with US$29,925 Mn, followed by iShares with US$25,467 Mn and SPDR ETFs with US$11,672 Mn net inflows.
Van Eck Associates Corp experienced the largest net outflows in June with US$369 Mn.
DB/x-trackers experienced the largest net outflows YTD with US$1,621 Mn, followed by Commerzbank with US$875 Mn and Lyxor Asset Management with US$857 Mn net outflows.
Summary for United States ETFs and ETPs
At the end of Q2 2012, the US ETF industry had 1,183 ETFs, assets of US$1,054 Bn, from 34 providers on 3 exchanges. Including other Exchange Traded Products (ETPs), the US ETF/ETP industry had 1,476 ETFs/ETPs, assets of US$1,179 Bn, from 52 providers on 3 exchanges.
Summary for European listed ETFs and ETPs
At the end of Q2 2012, the European ETF industry had 1,334 ETFs, with 4,708 listings, assets of US$277 Bn, from 39 providers on 21 exchanges. Including other Exchange Traded Products (ETPs), the European ETF/ETP industry had 1,932 ETFs/ETPs, with 5,933 listings, assets of US$311 Bn, from 45 providers on 22 exchanges.
Summary for Asia Pacific (ex-Japan) listed ETFs and ETPs
At the end of Q2 2012, the Asia Pacific (ex-Japan) ETF industry had 376 ETFs, with 491 listings, assets of US$66 Bn, from 86 providers on 14 exchanges. Including other Exchange Traded Products (ETPs), the Asia Pacific (ex-Japan) ETF/ETP industry had 395 ETFs/ETPs, with 513 listings, assets of US$67 Bn, from 88 providers on 14 exchanges.
Summary for Latin America listed ETFs and ETPs
At the end of Q2 2012, the Latin American ETF industry had 35 ETFs, with 506 listings, assets of US$10 Bn, from 16 providers on 4 exchanges. Including other Exchange Traded Products (ETPs), the Latin American ETF/ETP industry had 35 ETFs/ETPs, with 535 listings, assets of US$10 Bn, from 19 providers on 4 exchanges.
For further information please contact: deborah.fuhr@etfgi.com
Source: ETFGI
Record sums being injected into ETPs
July 4, 2012--Investors are pumping record sums into exchange traded products investing in assets such as bonds, vehicles that track a basket of assets, as they try to avoid equity volatility caused by the eurozone crisis and fears over the global economy.
Inflows into ETPs, which mainly offer exposure to baskets of equities, bonds or commodities, attracted new net assets of more than $100bn in the first half of the year for the first time since the industry emerged in the late 1980s, according to BlackRock’s ETP Landscape team.
Source: FT.com
Top Officials at Barclays Resign Over Rate Scandal .
July 4, 2012--A scandal over interest-rate manipulation reached the upper echelons of British banking and government, as the chief executive of Barclays PLC resigned and the bank released documents that threaten to drag Bank of England and U.K. government officials into the affair.
Robert Diamond, the American CEO of Barclays, stepped down from his post a day after the bank's chairman, Marcus Agius, resigned. A top deputy to Mr. Diamond, Chief Operating Officer Jerry del Missier, also stepped down.
Mr. Agius will stay on temporarily to run the bank and help find a new chairman and a CEO. Mr. Diamond's resignation was effective immediately
Source: Wall Street Journal
IOSCO-Global Developments in Securitization Regulation Consultation Report
July 4, 2012--I Introduction
In response to a request from the G20, the Financial Stability Board (FSB) has been developing recommendations to strengthen oversight and regulation of the shadow banking system.
As part of this work the FSB agreed to assess the case for action in respect of a number of areas, including regulation of securitization. Based on the FSB's decision, the Financial Stability Board’s Standing Committee on Supervisory and Regulatory Cooperation (FSB SRC) requested IOSCO to, in coordination with the Basel Committee on Banking Supervision, conduct a stock-taking exercise in relation to requirements for risk retention and measures enhancing transparency and standardisation of securitisation products, and to develop policy recommendations as necessary.
view the Global Developments in Securitization Regulation Consultation Report
Source: IOSCO
INSEAD-Global Innovation Index 2012-Stonger Innovation Linkages for Global Growth
July 4, 2012--Switzerland, Sweden and Singapore are the most innovative countries in the world, according to a study by the UN World Intellectual Property Organization (WIPO) and Insead, that found a wide gap between rich and poor nations.
Innovation is an important engine of growth and new jobs, the Global Innovation Index 2012, which ranked 141 economies, showed.
view the The Global Innovation Index 2012-Stonger Innovation Linkages for Global Growth report
Source: INSEAD
BlackRock to Buy Swiss Re Infrastructure-Investments Unit
July 3, 2012--BlackRock Inc. (BLK), the world's largest asset manager, will buy Swiss Re Ltd. (SREN)'s Private Equity Partners AG for an undisclosed amount to extend its investments into infrastructure.
Swiss Re’s $7.5 billion European private equity and infrastructure fund of funds unit will be integrated with BlackRock’s existing business, the New York-based firm said today in an e-mailed statement. Those funds include a “significant” commitment from Swiss Re.
Source: Bloomberg
Statistics : OECD annual inflation rate slows to 2.1% in May 2012
July 3, 2012--Annual inflation in the OECD area slowed to 2.1% in the year to May 2012, compared with 2.5% in the year to April 2012
the lowest rate since January 2011. This slowdown in the annual rate of inflation mainly reflected developments in energy prices (where inflation slowed to 2.0% in May, compared with 4.8% in April) and food prices (2.6%, compared with 3.1%). Excluding food and energy, the OECD annual inflation rate slowed to 1.9% in May, compared with 2.0% in April.
Source: OECD
ETFS Precious Metals Weekly: Precious Metals Surge On EU Summit Breakthrough
July 2, 2012--Precious metals surge after EU policymakers make breakthrough on Eurozone crisis measures. Gold rallied nearly 3% and silver surged over
4% on Friday after a breakthrough agreement between Eurozone leaders to
allow the direct funding of banking sector bailouts and to remove European
governments preferred status on repayment of Spanish bank debt.
Germany appears to be finally bowing to concerted pressure to ease the conditions under which help will be provided to troubled Eurozone nations and their ailing banking systems. Eurozone leaders have agreed to allow the EFSF/ESM to directly recapitalise troubled banks once a single supervisory institution is formed. The seniority of Eurozone government claims on Spanish bank loans has also been relinquished, reducing private investors' disincentives to buying Spanish government bonds.
However, few details on the timing and the mechanics for providing bank and sovereign debt funding were provided. Therefore, while the buoyant market mood may persist in the near-term, follow-through on implementation will be critical for positive momentum to be maintained.
Gold buying by emerging market central banks remains strong in May. Russia led the way, with its central bank accumulating another 15.5 tonnes in May bringing its reserves past the 900 tonne level. The central banks of Turkey, the Ukraine and Kasakhstan also purchased bullion, adding 5.7 tonnes, 2.1 tonnes and 1.8 tonnes respectively. Central banks have been strong net buyers of gold over the past year, with their net purchases averaging up to 20% of total annual gold supply.
CPM Group forecasts platinum headed for deficit, palladium for surplus in 2012. Commodities research firm CPM group has bucked the general consensus in its latest research report, forecasting that the platinum market will be in deficit, while a surplus will prevail for palladium in 2012, albeit narrower than 2011. CPM noted that strong fabrication demand as a result of falling prices and robust Japanese auto market would underpin platinum demand in 2012. While CPM expects a palladium surplus in 2012, it is predicted to be smaller than in 2011.
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Source: ETF Securities
Monitoring intraday liquidity management - consultative document issued by the Basel Committee
July 2, 2012--The Basel Committee on Banking Supervision today issued for consultation Monitoring indicators for intraday liquidity management.
Intraday liquidity can be defined as funds that are accessible during the business day, usually to enable financial institutions to make payments in real time. The proposed indicators published today will allow banking supervisors to monitor a bank's intraday liquidity risk management and its ability to promptly meet payment and settlement obligations, both in normal times and in stressed scenarios. Over time, the indicators will also help supervisors gain a better understanding of banks' payment and settlement behaviour and their management of intraday liquidity risk.
A proposed monitoring framework is set out in the consultative paper and includes:
the detailed design of the monitoring indicators for a bank's intraday liquidity risk;
stress scenarios;
key application issues;
and
the reporting regime.
view the BIS-Monitoring indicators for intraday liquidity management
Source: BIS
BATS Global Markets Reports June U.S. Equities Market Share Of 11.5%; European Record Market Share In Germany, Sweden And
BATS Records 11.5% U.S. Equities Market Share in June, Up From 11.0% One Year
Ago; U.S. Options Market Share Increases Sequentially; BATS Chi-X Europe Remains Largest European Equities Market Operator
July 2, 2012--BATS Global Markets (BATS), a leading operator of securities markets in the U.S. and Europe, today
reported strong U.S. equities market share of 11.5% in June, up from 11.0% one year ago.
BATS Options saw a strong month-over-month jump to 3.5% matched market share, up from 3.0% in May.
Source: Bloomberg
