Global ETF News Older than One Year
ETFS Precious Metals Weekly: Gold Hits 3-mth Low as FOMC Dampens Stimulus Hopes, Spanish Yields Surge
April 6, 2012--Surprise gold slide after FOMC minutes.
This week's 2% decline in the price of gold to 3-month lows was surprising because the FOMC minutes that prompted the move pre-dated Fed Chairman
Bernanke's speech last week that indicated QE3 remained a
possibility.
While the post-FOMC USD strength has kept gold price under pressure, the re-emergence of Eurozone sovereign issues has historically been a supportive influence. Spanish bond yields reached 4-month highs, surging around 40bps, after weak demand for bond auctions this week. Gold could receive support if Eurozone economic data continues to disappoint next week, reinforcing the dire position of 17-nation economy and the potential need for further bailouts for peripheral countries.
USD strength sees platinum group metals slump, despite strong US car sales data. Platinum group metals (PGMs) dropped 3% after the USD strengthened following the release of the FOMC minutes. While the auto industry accounts for around 55% of global platinum and palladium demand, data showing that the US auto industry posted the best growth in monthly sales for almost 5 years did little to offset the negative market sentiment for PGMs. Auto sales jumped nearly 13% in the US in March according to Autodata Corp, an auto industry research company.
India’s finance minister schedules talks with striking jewellers amid import slump. Physical demand ahead of upcoming Indian festivals is likely to provide support to gold, but that cannot happen until the jeweller strike ends. So while the government officially sits to discuss the new excise proposals in early May, the expectation of festival buying in late April could force earlier concessions from both sides.
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Source: ETF Securities
ETF Global Insight-- Findings for ETFs/ETPs listed globally for Q1 2012
April 5, 2012--SUMMARY
At the end of Q1 2012, the global ETF industry had 3,187 ETFs, with 7,061 listings, assets of US$1,537.9 Bn, from 160 providers on 50 exchanges.
195 new ETFs were listed YTD to Q1 2012.
In March 2012, ETFs saw net inflows of US$15.0 Bn.
SPDR ETFs gathered the largest net inflows in March with US$5.1 Bn, followed by Vanguard with US$4.8 Bn and iShares with US$2.2 Bn net inflows.
Vanguard gathered the largest net inflows YTD with US$17.42 Bn, followed by iShares with US$17.40 Bn and SPDR ETFs with US$7.71 Bn net inflows.
Bank of New York experienced the largest net outflows in March with US$1.2 Bn.
Polaris experienced the largest net outflows YTD with US$1.0 Bn, followed by Commerzbank with US$0.7 Bn and Bank of New York with US$0.6 Bn net outflows.
S&P has the largest amount of ETF assets tracking its benchmarks, with US$359.5 Bn, followed by MSCI with US$356.6 Bn, and Barclays Capital with US$155.8 Bn.
Including other Exchange Traded Products (ETPs), at the end of Q1 2012, the global ETF/ETP industry had 4,547 ETFs/ETPs, with 9,137 listings, assets of US$1,728.9 Bn, from 194 providers on 54 exchanges.
242 new ETFs/ETPs were listed YTD to Q1 2012.
In March 2012, ETFs/ETPs saw net inflows of US$15.7 Bn.
Vanguard gathered the largest net inflows in March with US$4.8 Bn, followed by SPDR ETFs with US$4.7 Bn and iShares with US$2.1 Bn net inflows.
iShares experienced the largest net inflows YTD with US$18.1 Bn, followed by Vanguard with US$17.4 Bn and SPDR ETFs with US$9.6 Bn net inflows.
Bank of New York experienced the largest net outflows in March with US$1.2 Bn.
Polaris experienced the largest net outflows YTD with US$1.0 Bn, followed by Commerzbank with US$0.7 Bn and Bank of New York with US$0.6 Bn net outflows.
S&P has the largest amount of ETF assets tracking its benchmarks, with US$369.5 Bn, followed by MSCI with US$357.3 Bn, and Barclays Capital with US$156.1 Bn..
Source: Deborah Fuhr, ETF Global Insight LLP
World food prices keep on rising -UN
April 5, 2012--Global food prices rose in March for a third successive month, driven by gains in grains and vegetable oils, the United Nations' Food and Agriculture Organisation said on Thursday, putting food inflation firmly back on the economic agenda.
Food prices hit record highs in February 2011 and stoked protests connected to the Arab Spring wave of civil unrest in some north African and middle eastern countries. They then receded but started to grow again in January.
Source: FIN24
Dow Jones-UBS Commodity Indexes March 2012 Performance Report
April 4, 2012--The Dow Jones-UBS Commodity Index was down 4.14% for the month of March. The Dow Jones-UBS Single Commodity Indexes for soybean meal, soybean and cotton
had the strongest gains with month-returns of 10.14%, 6.29% and 3.41%, respectively.
The three most significant downside performing single commodity indexes were natural gas, orange juice and coffee, which ended the month down 21.55%, 11.44%, and 10.23% respectively. Year to date, the Dow Jones-UBS Commodity Index is up 0.87% with the Dow Jones-UBS Soybean Meal Sub-Index posting the highest gain of 23.24% so far in 2012. Dow Jones-UBS Natural Gas Sub-Index has the most significant downside YTD performance, down 36.96%.
Source: Dow Jones Indexes
Dow Jones Islamic Market Titans 100 Index Closed Up 1.19% In March-Index Measures Performance of 100 of World's Leading Shari'ah-Compliant Stocks
Dow Jones Islamic Market Asia/Pacific Titans 25 Index, Dow Jones Islamic Market Europe Titans 25 Index End March In Negative Territory -Dow Jones Islamic Market U.S. Titans 50 Index Gained 2.61%
April 4, 2012--The Dow Jones Islamic Market Titans 100 Index finished March up 1.19%, according to data compiled by Dow Jones Indexes. The index measures the performance of 100 of the world's leading Shari'ah-compliant stocks.
The Dow Jones Global Titans 50 Index, which measures the world’s 50 largest companies, posted a March gain of 2.20%.
Regionally, the Dow Jones Islamic Market Asia/Pacific Titans 25 Index, which measures the performance of 25 of the leading Shari’ah-compliant stocks in the Asia/Pacific region, decreased 0.94% in March; the Dow Jones Asian Titans 50 Index dropped 1.76%.
Source: Dow Jones Indexes
NYSE Euronext and Bloomberg New Energy Finance launch three additional clean energy indices
Indices for Solar, Wind and Energy Smart Technologies offer fresh ways for investors and ETF providers to get exposure to sectors of the rapidly-growing clean energy industry
April 4, 2012 - Today, NYSE Euronext and research company Bloomberg
New Energy Finance (BNEF) jointly launch three new sector-focused global clean energy stock
indices.
The new indices will allow investors to track in unprecedented detail the quoted companies most involved in the world’s historic shift to low-carbon energy.
The three new sector indices cover solar energy, wind power and energy smart technologies (EST). The solar index covers the entire value chain from polysilicon makers to photovoltaic project developers, the wind index everything from turbine component makers to wind farm builders and operators and the EST index everything from battery makers to suppliers of demand response systems for the electricity network. Each index is based on a basket of between 70 and 200 companies, quoted on different stock markets around the world, with a minimum threshold exposure to the relevant renewable energy or energy smart technology sectors.
Source: New Energy Finance
Financial crisis curbs global aid-OECD
April 4, 2012--Spending on foreign aid by the world's major donors fell for the first time since 1997, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday, as developed economies tightened budgets in the wake of the global financial crisis.
The OECD said aid to developing countries dropped 3% in 2011, with poor sub-Saharan African nations in particular receiving less than promised.
Aid flows last year equated to 0.31% of the gross national income (GNI) of the 23 wealthy donor countries which make up the OECD Development Assistance Committee (DAC).
Source: FIN24
ETF providers split in support for index-tracking standard
April 4, 2012--Market participants have given qualified support to proposals by a European regulator to publish data that shows how successfully an exchange-traded fund tracks its chosen index.
The verdicts by trade associations, fund managers and data providers were given in submissions to a consultation paper on the impact of ETFs on investor protection and market integrity, which was queried by central banks and regulatory bodies last year.
Source: efinancial news
Appetite sharpens for equity ETPs
April 4, 2012--Investors flocked to exchange-traded fund products to ride the first quarter rally in equity markets, with inflows to the products contrasting with outflows from equity mutual funds.
Some $67bn was invested in exchange-traded products in the first three months of the year, with $50bn of that in equity-focused funds, according to data from BlackRock.
Source: FT.com
As Carbon Prices Sink, Unease Rises
April 4, 2012--The market for carbon emissions is running out of gas.
Prices of emission allowances, which award the holder the right to release carbon dioxide into the atmosphere, have tumbled this week to a record low.
They are down 11% from the start of the year and now trade at less than one-fourth of their July 2008 value. The latest blow came Monday, when the European Union released preliminary data showing its carbon emissions fell by a larger-than-expected amount last year. While decreasing amounts of pollution out of Europe are a boon for the environment, it raises questions about the viability of a market that was hailed as a forerunner for the rest of the world.
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Source: Wall Street Journal
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