Global ETF News Older than One Year
Global Trade Logistics Performance Slows Down Amid Recession and Major Events
But many countries like Chile, China, India, Morocco, South Africa, and
the U.S. continued to improve
May 15, 2012-Progress in trade logistics performance slowed down over the last two years amid the global recession, but countries that pursued aggressive reforms continued to improve their performance, according to the World Bank's latest survey on trade logistics.
Singapore is the top performer among the 155 economies included in the Logistics Performance Indicators (LPI), which are part of the Connecting to Compete 2012: Trade Logistics in the Global Economy report. Countries like Chile, China, India, Morocco, South Africa, Turkey, and the U.S. all improved their previous performance, according to the study, which is based on a comprehensive world survey of international freight forwarders and express carriers.
“Trade logistics is key to economic competitiveness, growth, and poverty reduction,” said Otaviano Canuto, World Bank Vice President for Poverty Reduction and Economic Management (PREM). “Unfortunately, the logistics gap between rich and poor countries continues and the convergence trend experienced between 2007 and 2010 has stalled as events like the global recession, and the European debt crisis shifted attention away from logistics reform.”
view World Bank report-Connecting to Compete-Trade Logistics in the Global Economy
Source: World Bank
IMF Working paper- Why House Price Indexes Differ: Measurement and Analysis
May 15, 2012--Summary: A key element in the build-up to the global recession and subsequently was the movement in house price indexes (HPIs). These indexes are particularly prone to methodological and coverage differences which can undermine both within-country and cross-country economic analysis.
The paper outlines key measurement issues and reports on empirical work using an international panel data set that (i) considers whether differences in HPI measurement matter and, if so, in what way, and (ii) revisits the measurement of global house price inflation and the modeling of the determinants of house price inflation using HPIs corrected for differences in measurement practice.
view the IMF Working paper-Why House Price Indexes Differ: Measurement and Analysis
Source: IMF
New Credit Factors From Markit Create Trading Signals For CDS
The new data service, Markit Credit Factors, will provide customers with the first sentiment signals for CDS produced by an independent financial information firm.
Developed through extensive research by Markit, the Credit Factors can be used in evaluating the expected performance of CDS and include fundamental, technical and macroeconomic-based indicators. These Factors span nine categories, including measures of relative value, earnings momentum, earnings quality and price momentum. In total, the Markit Credit Factors library includes more than 80 measures and covers the global universe of more than 1,500 single name CDS.
Tim Sargent, Managing Director and Head of Markit Data Analytics & Research, said: “It is exciting for us to extend the sophisticated analytics we developed for equities to fixed income assets like CDS. While it is intuitive that there are relationships between asset classes, our research behind the new Credit Factors identifies the correlations between equities and CDS. We think that providing, for the first time, the ability for CDS traders and risk managers to systematically analyse signals from the equity and other markets is a significant advance.”
Source: Markit
NYSE Euronext Rolls Out New Brand Identity
“Our new branding evokes an organization with both a strong vision and rich heritage, positioned to pursue our growth strategy: empowering the world’s capital market community to innovate and collaborate,” said Marisa Ricciardi, Senior Vice President and Global Head of Marketing. “NYSE Euronext has transformed dramatically over the course of the last five years, and we sought to better represent our position today and direction for the future.”
Source: NYSE Euronext
Mirae BRICs Weekly-Global Markets Stumble due to Elections Uncertainty
India
In reaction to the depreciating rupee, the Reserve Bank of India cut the amount of overseas income companies can hold in foreign currency to 50 percent from 100 percent, forcing them to convert earnings. As a result, the rupee gained yesterday.
Brazil An extended period of single-digit interest rates is now expected, an historical first for Brazil, though inflation expectations are gradually moving upwards as a result. Market direction will in part be dictated by the BCB’s success in managing inflation expectations, at the same time forcing nominal and real interest rates lower.
Russia
The fragile Spanish banking system and victory for the Socialist candidate François Hollande in the French Presidential elections have also contributed to a heightened sense of nervousness across global equity markets. Eurozone stability and visibility are likely pre-requisites for a sustainable rally in risk assets.
Source: Mirae Asset Management
Thomson Reuters Launches First Highly-Liquid, Investable, Real Estate Indices For ETF Market
Designed specifically to be tracked by ETFs looking to offer investors exposure to real estate markets globally, the TR/GPR indices provide a more investable and tradable solution than currently available elsewhere.
The new suite of real estate indices provides broad global diversification, including emerging markets. The TR/GPR Global 100 Index is composed of the 100 most liquid real estate stocks worldwide. Furthermore, three regional variants for increased focus are also available; the TR/GPR Americas 40 Index, TR/GPR APAC 30 Index and TR/GPR EMEA 30 Index. Customised indices to reflect a particular mandate or strategy can also be designed.
Source: Reuters
Kuwait Stock Exchange Launches NASDAQ OMX Powered Trading Platform
KSE's new trading platform is based on NASDAQ OMX's proven X-stream technology and will initially support trading of cash equities and forwards, with additional derivatives products and bonds to be added in the next phase. NASDAQ OMX has also provided KSE with index calculation technology and a SMARTS powered surveillance solution.
Source: NASDAQ OMX
ETFs enter the next phase of growth
They accounted for almost a third of annual inflows into the ETF sector last year and, after a challenging start, the last two quarters saw record inflows.
Source: EFinancial News
ETFS Precious Metals Weekly: Gold Speculative Long Positions Drop to 2008 Lows as Investors Flee to Cash and G-3 Bonds
The selling of gold is a normal initial reaction to a risk-off event, as gold is
generally held as part of investors’ risky asset pool and often sees selling
along with other risky assets during the initial phase of a sharp market
sell-off (e.g. 3Q 2008). However, with some form of break-up of the
current configuration of the Euro increasingly likely, once this initial
phase of selling ends, investors will likely re-focus on finding alternative
stores of value, with gold standing out as the ultimate alternative hard
currency. With central banks remaining strong net buyers of gold so far
in 2012, monetary policy expected to remain highly expansionary, China
gold imports through Hong Kong at an all time high in March, and India
removing its gold excise tax, medium-term fundamental support for gold
appears strong. Net speculative longs in the futures market dropped to
the lowest level since December 2008 last week (see page 4), indicating
gold may be approaching levels attractive to longer-term investors.
South African platinum group metals production down 25%
compared to last year. Despite the strong month-on-month increase in
South Africa’s mining output in March following rioting and strikes in
February, platinum group metal (PGM) production was 25% below yearago
levels and 14% below the five year average. Overall mining activity
in South Africa dropped by 10% in March from a year earlier. With US
auto sales rising at the highest pace in four years and China sales growth
also strong palladium’s supply-demand balance is expected to fall into
deficit this year according to GFMS.
The week ahead. Markets are likely to remain volatile this week and
remain in risk-off mode, with uncertainty over the future of the Eurozone prevailing despite the EFSF agreeing to provide another billion dollar payment to Greece. visit www.etfsecurities.com for more info
Source: ETF Securities
Semi-Annual Changes to the NASDAQ Biotechnology Index
The following ten securities will be added to the Index: Cerus, Celldex Therapeutics,, Amicus Therapeutics, Inc., Infinity Pharmaceuticals, Inc., Jazz Pharmaceuticals plc, Orexigen Therapeutics, Pacira Pharmaceuticals, Inc., Raptor Pharmaceutical Corp.and Trius Therapeutics, Inc.
Source: NASDAQ OMX
May 14, 2012-- Markit, a leading, global financial information services company, today announced that it has created a new set of tools to help traders and risk managers identify the correlations between changes in the value of credit default swaps (CDS) and movements in stock and options markets.
Logo Design and Color Palette Reflect Organization Built to Unlock the World's Potential
May 14, 2012--NYSE Euronext (NYX) today unveiled a new brand identity that underscores the company's growing role in unlocking the potential of its global community. The new look was unveiled today across its exchanges and other locations around the world as well as online.
May 14, 2012--Markets surprised by bad data.
Hong Kong and China stock markets fell last week when both elections in the euro area and economic data in China cast uncertainty to economic growth.
Consumer price index inflation eased to 3.4% year-on-year (YoY) in April from 3.6% YoY in March. Food price rise moderated by 7% YoY.
Rupee rebounds as RBI boosts the dollar supply.
The SENSEX index recorded a loss last week as industrial production contracted unexpectedly, which led to a drop in the Indian rupee against the USD. Indian rupee has been declining for six weeks, the longest losing streak since October 2008.
Single-digit interest rate will be maintained.
Brazilian equities fell 3.9% in BRL terms in the week ending May 10th, the market fast giving back its Q1 gains as a result of rising risk within the Eurozone and deteriorating earnings momentum for the large cap sectors.
Dmitry Medvedev confirmed as prime minister by the Duma.
Greece is expected to remain the single most important near-term driver for global markets. The country’s political and social stability is necessary to achieve progress in reducing debt levels and returning towards positive growth.
May 14, 2012--Thomson Reuters, the world's leading supplier of intelligent information for businesses and professionals, and Global Property Research today announced the launch of the first highly-liquid, real estate indices.
May 14, 2012--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announced that the Kuwait Stock Exchange (KSE) has successfully rolled out its new NASDAQ OMX powered trading platform.
May 14, 2012--Volatile and in some cases stagnating equity markets over the past three years mean investors have increasingly put their hopes in the fixed-income market, and bond ETFs have benefited from this wider industry trend.
May 14, 2012--Investors sell gold along with risky assets in normal initial reaction to a risk-off event. As fears Greece may leave the Eurozone have increased, investors have been reducing positions in most liquid "risk" assets and have been moving into G-3 bonds and cash.
May 14, 2012--The NASDAQ OMX Group, Inc. announced today the results of the semiannual re-ranking of the NASDAQ Biotechnology Index(R) , which will become effective prior to market open on Monday, May 21, 2012.
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