Global ETF News Older than One Year
MSCI to Make Emerging Markets Call
December 11, 2011--Index compiler MSCI Inc. is due to decide this week whether to upgrade the status of stock markets in the United Arab Emirates and Qatar, a move that would encourage more foreign investment, though some analysts query whether either country has done enough to merit a promotion.
MSCI's market-classification review to be announced on Wednesday will assess whether the U.A.E. and Qatar have taken sufficient steps to open their markets to justify being upgraded to emerging market status from their current frontier ranking. At the last review in June, the index compiler postponed a decision by six months saying it ...
Source: Wall Street Journal
Hedge funds set for second worst year since 1990
December 9, 2011--The hedge fund industry is in line to post its second worst year since 1990, with returns only lower during 2008, according to data from Hedge Fund Research.
The average hedge fund has lost 4.37% so far this year, with the sector losing money in six out of the last seven months after being hit by excessive market volatility.
In the last seven months, the sector only produced a positive return in October, with the average fund gaining 4.89%.
Source: Investment Week
Global regulators discuss OTC derivatives regulation
December 9, 2011--Leaders and senior representatives of the authorities responsible for the regulation of the over-the-counter (OTC) derivatives markets in Canada, the European Union, Hong Kong, Japan, Singapore and the United States met yesterday in Paris.
The meeting included Steven Maijoor, Chair of the European Securities and Markets Authority (ESMA), Jonathan Faull, Director General for Internal Market and Services at the European Commission, Ashley Alder, Chief Executive Officer of the Hong Kong Securities and Futures Commission, Masamichi Kono, Vice-Commissioner of the Japan Financial Services Agency, Teo Swee Lian, Deputy Managing Director (Financial Supervision) of the Monetary Authority of Singapore, Mary Condon, Vice-Chair of the Ontario Securities Commission, Louis Morisset, Superintendent of Securities Markets at l’Autorité des marchés financiers du Québec, Gary Gensler, Chairman of the United States Commodity Futures Trading Commission, and Mary Schapiro, Chairman of the United States Securities and Exchange Commission.
Source: ESMA
Joint IMF-People’s Bank of China Symposium Calls for Strengthening Financial Stability Assessments in Asia and Worldwide
December 9, 2011--In the wake of the global financial crisis, authorities worldwide, including those in Asia, are stepping up their efforts to assess the health of their financial sectors in close collaboration with the International Monetary Fund (IMF). In the past two years, the IMF conducted its first-ever Financial Sector Assessment Program (FSAP) reviews of China and Indonesia, jointly with the World Bank. FSAP updates have been completed for Bangladesh, Cambodia, and the Philippines, and assessments are either underway or will soon be launched in India, Japan, Malaysia, and Australia.
“This stepped-up activity is consistent with the increased leadership role that Asia is playing in multilateral bodies such as the IMF and the G-20,” said Min Zhu, the IMF’s Deputy Managing Director, during a High-Level Regional Symposium held in Shanghai December 9-10 and organized jointly by the Fund and the People’s Bank of China (PBC). Attending were central bankers and financial regulators and supervisors from the Asia Pacific region, as well as from other parts of the world, and representatives from the Asian Development Bank, the Financial Stability Board, and standard setting bodies.
Source: IMF
EU to cut aid to 19 emerging countries from China to Brazil
Relief agencies objected that strong headline performance data on emerging countries could veil poverty within populations. The 19 countries losing out are: Argentina, Brazil, Chile, China, Colombia, Costa Rica, Ecuador, Kazakhstan, India, Indonesia, Iran, Malaysia, the Maldives, Mexico, Panama, Peru, Thailand, Venezuela and Uruguay.
Source: EUbusiness
Society: Governments must tackle record gap between rich and poor, says OECD
“Divided We Stand: Why Inequality Keeps Rising” finds that the average income of the richest 10% is now about nine times that of the poorest 10 % across the OECD.
view report-Divided We Stand: Why Inequality Keeps Rising
Source: OECD
Tuckwell invites offers for ETF Securities
Graham Tuckwell, the founder, majority owner and chairman of ETF Securities, has mandated Goldman Sachs to run a sales process for the London- and Jersey-based group, two people close to the situation said.
Source: FT.com
Gold rises above $1,750 an ounce
co-ordinated move by six central banks to boost liquidity. The yellow metal was at $1,743.89 in New York midday trading on Friday, up..
Source: FT.com
Commodity prices rally on euro boost
The dollar won back some ground on Friday as traders booked profits ahead of next week's EU summit and after official data showed the US unemployment rate had dropped to 8.6 percent in November, its lowest level since March 2009. Raw material prices, like equities, were buoyed this week after the central banks of the United States, the eurozone, Britain, Japan, Canada and Switzerland cut the cost of providing dollars to banks, giving more liquidity to financial markets.
Source: EUbusiness
ISDA - Publishes the Recommendation for FpML version 5.
One of the main features is the added support for clearing messages. In addition to the 5.2 publication, the Recommendation for version 5.1 is republished to include comments received after the publication of the 5.1 Recommendation. Financial products Markup Language (FpML) is the industry data standard for OTC derivatives. A Recommendation is the final step in the development process of a version. Besides the support for clearing messages, version 5.2 Recommendation covers physical settlement of interest rate options, a recent Supplement to the ISDA 2006 definitions and additional validation rules for Foreign Exchange. Work on regulatory and public reporting, a main focus area for the industry and developed in earlier working drafts of 5.2, has been withdrawn from this version.
Source: ISDA
December 8, 2011--The European Commission decided on Wednesday to cut aid from 2014 to 19 emerging economies including China, India and Brazil, the EU's development commissioner Andris Piebalgs said.
December 7, 2011--The gap between rich and poor in OECD countries has reached its highest level for over over 30 years, and governments must act quickly to tackle inequality, according to a new OECD report.
December 3, 2011--One of the pioneers in the exchanged traded fund market has put his company up for sale with a potential £1bn ($1.6bn) price tag that comes as the opaque sector has been thrown into the spotlight by a recent trading scandal at UBS.
December 2, 2011--Gold had a positive week, rising above the $1,750 an ounce mark for the first time in two weeks on the back of the
December 2, 2011--Commodity prices rallied this week as the dollar weakened against the euro in reaction to global efforts to tackle an escalating eurozone debt crisis, analysts said.
December 2, 2011-The International Swaps and Derivatives Association, Inc. (ISDA) yesterday announced the publication of the Recommendation for FpML version 5.2.
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