US urges China to allow yuan rise
May 3, 2012--US Treasury Secretary Timothy Geithner on Thursday urged China to allow its currency to strengthen further and push forward economic reforms, which he said were crucial to the global recovery.
But his comments at the start of two-day talks between the world's two biggest economies were overshadowed by a human rights row that has threatened already strained relations.
US officials have long accused Beijing of keeping the value of the yuan artificially low to boost exports, leading to a massive Chinese trade surplus with the United States.
Source: FIN24
Global ETF assets to exceed $3.8tn by 2016
May 2, 2012--Assets held in exchange traded funds globally will exceed $3.8tn by 2016, according to a new report by Cerulli Associates.
The report predicts growth will be fuelled by a greater appetite for passive investing, increased adoption of ETFs by financial advisers and advances in ETF education.
Source: FT.com
Dow Jones-UBS Commodity Indexes April 2012 Performance Report
May 2, 2012--The Dow Jones-UBS Commodity Index, was down 0.43% for the month of April. The Dow Jones-UBS Single Commodity Indexes for soybean meal, soybean and lead had the strongest gains with month-end returns of 11.46%, 7.09% and 5.63%, respectively.
The three most significant downside performing single commodity indexes were orange juice, sugar and lean hogs, which ended the month down 13.99%, 11.95%, and 4.95% respectively.
Year to date, the Dow Jones-UBS Commodity Index is up 0.43% with the Dow Jones-UBS Soybean Meal Sub-Index posting the highest gain of 37.37% so far in 2012. Dow Jones-UBS Natural Gas Sub-Index has the most significant downside YTD performance, down 36.73%.
Source: Mondovisione
The Europe Dow Closes April Down 4.14% According To Dow Jones Indexes - Novo Nordisk Topped All 30 Europe Dow Components With 6.66% Gain For The Month
May 2, 2012--The Europe Dow, an equal-weighted index that measures 30 of the region's leading blue-chip stocks, declined 4.14% in April, according to data compiled by Dow Jones Indexes, a leading global index provider.
The index’s top component performer for April was Novo Nordisk A/S Series B of Denmark, which closed up 6.66%. Shares of Diageo PLC (Great Britain) and GlaxoSmithKline PLC (Great Britain), up 4.91% and 3.71%, respectively, were the second- and third-leading stocks on The Europe Dow. UniCredit S.p.A. (Italy), which fell 20.46%, was The Europe Dow’s worst-performing stock in April.
By comparison, the Dow Jones Industrial Average ended April up 0.01%, The Asia Dow fell 1.09% and The Global Dow loss 2.93%. The Asia Dow is an equal-weighted, 30-stock index that measures leading blue-chips traded in the Asia/Pacific region; The Global Dow measures the performance of 150 leading companies from around the world.
Source: Mondovisione
The Asia Dow Finished April Down 1.09% According To Dow Jones Indexes -14 Of The Asia Dow's 30 Component Stocks Closed Month In Positive Territory - Hyundai Motor Co. Topped All With 15.53% Gain For April
May 2, 2012--The Asia Dow, an equal-weighted, 30-stock index that measures 30 of the leading blue-chip stocks traded in the Asia/Pacific region, dropped 1.09% in April, according to data compiled by Dow Jones Indexes, a leading global index provider.
Fourteen of The Asia Dow’s 30 component stocks closed the month in positive territory.
The index’s top performer for April was Hyundai Motor Co. Ltd. of South Korea, which closed up 15.53%. Shares of Samsung Electronics Co. Ltd. (South Korea) and PetroChina Co. Ltd. (China), up 9.30% and 7.19%, respectively, were the second- and third-leading stocks on The Asia Dow. Sony Corp. (Japan), which fell 20.40%, was The Asia Dow’s worst-performing stock in April.
By comparison, the Dow Jones Industrial Average ended April up 0.01%. The Europe Dow fell 4.14% and The Global Dow dropped 2.93%. The Europe Dow is an equal-weighted index that measures 30 of the continent’s leading blue-chip stocks; The Global Dow measures the performance of 150 leading companies from around the world.
Source: Mondovisone
DTCC to Begin Publishing Public Data on Interest Rates Derivatives
The interest rate data join public data on OTC credit derivatives that are provided on DTCC’s web site. Interest rates make up the largest single segment of OTC derivatives, with more than $570 trillion gross notional value composed of 4.5 million in interest rate contracts outstanding.
Source: Depository Trust & Clearing Corporation
Deutsche Boerse makes algo news feed available in new CME Co-Location Facility
This is the second data center in the Chicago area that offers clients direct access to AlphaFlash. Two more access points in the U.S. are located in Secaucus (New Jersey) and Washington D.C. AlphaFlash provides automated traders with machine-readable trading signals for direct and easy integration in their algorithms. “Chicago is one of the most important algo trading communities in the world. By adding this new connectivity option, we are enabling our clients to trade even more efficiently on the local derivatives market using AlphaFlash messages,” said Georg Gross, Head of Front Office Data & Analytics, Deutsche Börse. Customers can now select either the CME Co-Location facility or Equinix’s Chicago 2 (CH2) International Business Exchange™ (IBX®) data center.
AlphaFlash focuses on delivering market moving events, such as key macroeconomic indicators, global treasury auctions results and corporate news. Speed of data delivery is constantly optimized, in particular by introducing new connectivity options. AlphaFlash subscribers can choose among several data packages, e.g. U.S., Canadian, European or Asia-Pacific economic indicators, U.S. and Global Treasury Auctions, the Chicago PMI, as well as the Corporate News Germany feed. AlphaFlash is available in a number of data centers across the globe, including Chicago, Secaucus (New Jersey), Washington D.C., Sao Paulo, Frankfurt, London, Sydney, Tokyo and Singapore.
Source: Deutsche Börse
China signs deal to increase investments in Europe
The fund, with capital of 17 million euros, will "invest along with Chinese companies in European groups," said a statement by China Investment Corporation (CIC), the country's sovereign fund, Belgium's federal investment and participation group (SFPI/FPIM) and A Capital, the a fund manager specialising in investments between China and Europe.
"SFPI's 8.5 million euros will be destined for projects in Belgium, the remainder possibly invested elsewhere in Europe," a Belgian government source told AFP.
Source: EUbusiness
ETFGI-Global ETF/ETP industry as at end of April 2012- Preliminary findings
Flows
In April 2012, ETFs saw net inflows of US$2.0 Bn. Fixed income ETFs gathered US$5.3 Bn net inflows, of which US$2.1 Bn net inflows went into corporate bond ETFs. Equity ETFs experienced US$4.5 Bn net outflows, of which ETFs tracking European equity indices experienced US$5.2 Bn net outflows. Commodity ETFs gathered US$0.7 Bn net inflows, of which US$0.9 Bn net inflows went into precious metals ETFs, while ETFs providing exposure to agriculture, energy, industrial metals and broad commodity indices experienced net outflows totalling a combined US$0.3 Bn.
YTD through end of April 2012, ETFs saw net inflows of US$60.6 Bn. Equity ETFs gathered US$33.1 Bn net inflows, of which US$20.2 Bn net inflows went into ETFs tracking US equity indices, while ETFs tracking European equity indices experienced US$5.8 Bn net outflows. Commodity ETFs gathered US$1.6 Bn net inflows, of which US$1.8 Bn went into ETFs providing exposure to precious metals, while ETFs providing exposure to agricultural commodities experienced US$0.4 Bn net outflows.
YTD through end of April 2012, leveraged ETFs experienced US$3.3 Bn net outflows, while leveraged inverse ETFs gathered net inflows of US$2.9 Bn.
Vanguard gathered the largest net inflows in April with US$4.4 Bn, followed by Van Eck Associates Corp with US$1.0 Bn and PIMCO with US$0.6 Bn net inflows. Vanguard gathered the largest net inflows YTD with US$21.8 Bn, followed by iShares with
US$15.7 Bn and SPDR ETFs with US$6.7 Bn net inflows. PowerShares experienced the largest net outflows in April with US$2.5 Bn. db x-trackers experienced the largest net outflows YTD with US$1.3 Bn, followed by Polaris with US$0.8 Bn and Commerzbank with US$0.6 Bn net outflows. Summary for ETFs/ETPs listed globally Assets YTD through end of April 2012, ETF/ETP assets have increased by 12.6% from US$1,526.0 Bn to US$1,718.0 Bn. Flows YTD through end of April 2012, leveraged ETFs/ETPs experienced US$1.8 Bn net outflows, while leveraged inverse ETFs/ETPs gathered net inflows of US$2.7 Bn.
Vanguard gathered the largest net inflows in April with US$4.4 Bn, followed by Van Eck Associates Corp with US$1.0 Bn and PIMCO with US$0.6 Bn net inflows. Vanguard gathered the largest net inflows YTD with US$21.8 Bn, followed by iShares with
US$16.2 Bn and SPDR ETFs with US$8.5 Bn net inflows. iShares experienced the largest net outflows in April with US$2.5 Bn. db x-trackers experienced the largest net outflows YTD with US$1.3 Bn, followed by Polaris with US$0.8 Bn and Commerzbank with US$0.6 Bn net outflows.
Source: ETFGI
HKEx considers bid for London Metal Exchange
“The board confirms HKEx continues to participate in that process and understands it is one of a number of interested parties studying this opportunity,” Hong Kong Exchanges and Clearing said.
Source: City AM
May 2, 2012--The Depository Trust & Clearing Corporation (DTCC) announced today that it had begun publishing public information on over-the-counter (OTC) interest rates trades. The data were first posted yesterday at 5 p.m. (2200 BST).
New agreement further expands U.S. presence of AlphaFlash to four data centers
May 2, 2012--Deutsche Börse-Market Data & Analytics has made available its algorithmic news feed "AlphaFlash" in the CME Co-Location facility located in Chicago's suburbs via its subsidiary Need to Know News.
May 2, 2012--China and Belgium set up an investment fund to pump more Chinese money into leading European firms Wednesday during a visit by premier-in-waiting Li Keqiang.
May 2, 2012--Summary for ETFs listed globally
At the end of April 2012, the global ETF industry had 3,232 ETFs, with 7,161 listings, assets of US$1,528.4 Bn, from 161 providers on 50 exchanges.
Assets
ETF assets have decreased by 0.6% from US$1,538.1 Bn in March 2012 to US$1,528.4 Bn in
April 2012.
YTD through end of April 2012, ETF assets have increased by 13.1% from US$1,351.4 Bn to US$1,528.4 Bn.
Including other Exchange Traded Products (ETPs), at the end of April 2012, the global ETF/ETP industry had 4,601 ETFs/ETPs, with 9,246 listings, assets of US$1,718.0 Bn, from 195 providers on 54 exchanges.
ETF/ETP assets have decreased by 0.6% from US$1,728.7 Bn in March 2012 to US$1,718.0 Bn in
April 2012.
In April 2012, ETFs/ETPs saw net inflows of US$1.3 Bn. Fixed income ETFs/ETPs gathered net inflows of US$5.3 Bn, of which US$2.1 Bn net inflows went into corporate bond ETFs/ETPs, while money market ETFs/ETPs experienced US$0.7 Bn net outflows. Equity ETFs/ETPs experienced US$4.6 Bn net outflows, of which ETFs/ETPs tracking European equity indices experienced
US$5.2 Bn net outflows, while ETFs/ETPs providing exposure to Asia Pacific equity indices gathered US$0.3 Bn net inflows.
YTD through end of April 2012, ETFs/ETPs saw net inflows of US$68.3 Bn. Equity ETFs/ETPs gathered US$33.8 Bn net inflows, of which US$21.1 Bn net inflows went into ETFs/ETPs providing exposure to US equity indices, while ETFs/ETPs providing exposure European equity indices experienced US$5.8 Bn net outflows. Fixed income ETFs/ETPs gathered US$24.5 Bn net inflows, of which US$10.6 Bn net inflows went into corporate bond ETFs/ETPs, while money market ETFs/ETPs experienced US$2.1 Bn net outflows. Commodity ETFs/ETPs gathered US$6.2 Bn net inflows, of which US$4.6 Bn net inflows went into ETFs/ETPs providing exposure to precious metals, while ETFs/ETPs providing exposure to agricultural commodities experienced US$0.6 Bn net outflows.
May 1, 2012--THE parent company of the Hong Kong Stock Exchange yesterday confirmed that it is considering a bid for the London Metal Exchange (LME), which is estimated to be worth between £500m and £1.5bn.
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