Global ETF News Older than One Year


OPEC, Russia send oil price up with deal to contain output

March 4, 2021--Caution about the pandemic took the upper hand Thursday at a meeting of the OPEC oil cartel and allied countries, as they left most of their production cuts in place amid worry that coronavirus restrictions could still undermine recovering demand for crude.

Many analysts had expected a small production increase as the price of oil has risen 30% since the start of the year on hopes that the pandemic will ease, allowing for an economic rebound that should increase energy consumption.

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Source: startribune.com


Economy-The need for speed: faster vaccine rollout critical to stronger recovery

March 3, 2021--A global economic recovery is in sight but a faster and more effective vaccination rollout across the world is critical, while respecting necessary health and social distancing measures, according to the OECD's latest Interim Economic Outlook.
Activity in many sectors has picked up and adapted to pandemic restrictions over recent months. Vaccine deployment, although uneven, is finally gaining momentum and government fiscal stimulus - particularly in the US - is likely to provide a major boost to economic activity.

But the pandemic is widening gaps in economic performance between countries and between sectors, increasing social inequalities, particularly affecting vulnerable groups, and risking long-term damage to job prospects and living standards for many people.

The Interim Economic Outlook calls for ramping up vaccination, for swifter, more targeted fiscal stimulus to foster output and confidence, and to maintain income support for people and businesses hard hit by the pandemic while preparing the ground for a sustainable recovery.

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Source: OECD


Consumer Prices, OECD-Updated: 3 March 2021

March 3, 2021--OECD annual inflation picks up to 1.5% in January 2021 while Euro Area records sharp increase to 0.9%
Annual inflation in the OECD area picked up to 1.5% in January 2021, compared with 1.2% in December 2020.

Following a rebound between December and January, the annual decline in energy prices was less pronounced in January (minus 3.9%) than in December (minus 6.5%), while food price inflation slowed slightly to 3.1%, compared with 3.2% in December. OECD annual inflation excluding food and energy, also increased slightly, to 1.7% in January, compared with 1.6% in December.

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Source: OECD


The Evidence Is in on Negative Interest Rate Policies

March 3, 2021--Interest rates are low, and "lower for longer" has become something of a mantra among policy makers, regulators, and other market watchers. But negative interest rates raise an entirely new set of questions.
After eight years of experience with negative interest rate policies, the initial skepticism (paying interest to borrowers rather than savers was certainly unprecedented) has proven largely misplaced.

The evidence so far suggests that negative interest policies have worked.

Since 2012, a number of central banks introduced negative interest rate policies. Central banks in Denmark, euro area, Japan, Sweden, and Switzerland turned to such policies in response to persistently below-target inflation rates (most central banks set rates as part of their broader mandate to keep prices stable, thereby supporting jobs and economic growth).

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view the IMF Departmental Paper-Negative Interest Rates : Taking Stock of the Experience So Far

Source: IMF


Future of Cities Will Shape Post-COVID--19 World

March 2, 2021--STORY HIGHLIGHTS
Cities are at the frontline of the COVID-19 crisis and global response efforts.
The pandemic has revealed a new world of multiple, compounded risks.
By making the right investments and tackling deep-seated inequalities, cities can transform their economies and people's lives.

March 2021 will mark one year since the World Health Organization declared COVID-19 a global pandemic, upending lives and livelihoods. Cities are on the frontlines of this crisis, with dwindling economic activity, high rates of infection and inadequate resources.

In cities, which are home to over half of the world's population, long-standing inequities have been deepened by the pandemic. Although urbanization has been accompanied by lower poverty, job creation and growth, distribution of such urban gains has been uneven, often marked by striking spatial, social and economic inequalities.

Today, urban dwellers working informal, and often precarious jobs, are part of the swelling ranks of "new poor" created by the pandemic. That is in addition to other vulnerable groups of people who often live in crowded urban areas with limited means to practice safe handwashing or social distancing.

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Source: World Bank


BIS-The anatomy of bond ETF arbitrage

March 1, 2021--Exchange-traded funds (ETFs) allow a wide range of investors to gain exposure to a variety of asset classes. They rely on authorised participants (APs) to perform arbitrage, ie align ETFs' share prices with the value of the underlying asset holdings. For bond ETFs, prominent albeit understudied features of the arbitrage mechanism are systematic differences between the baskets of bonds used to create and redeem ETF shares, and a low overlap between these baskets and actual asset holdings.

These features could reflect the illiquid nature of bond trading, ETFs' portfolio management and APs' incentives. The decoupling of baskets from holdings weakens arbitrage forces but allows ETFs to absorb shocks on the bond market. 1

Key takeaways

Bond exchange-traded funds (ETFs) have grown to manage more than $1.2 trillion of assets globally.
The arbitrage mechanism, which keeps bond ETF prices aligned with the value of the underlying investments, operates differently from that of equity ETFs.
This difference potentially makes it harder for investors to exploit price gaps but allows bond ETFs to absorb shocks and withstand market stress.

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Source: BIS


Markets wrestle with reflation prospects: BIS Quarterly Review

March 1, 2021-Prospects of a more robust economic recovery buoyed risky asset prices, with signs of exuberance reflected in the behaviour of retail investors.
Sovereign yield curves steepened as investors priced in higher inflation and fiscal support.
Sentiment towards emerging market assets remained favourable, in particular in East Asia.

The latest BIS Quarterly Review reports that risky assets strengthened further during the review period.1 This buoyancy was set against a backdrop of continued strong monetary accommodation, growing expectations of fiscal stimulus, and cautious but fluctuating optimism about recovering from the pandemic.

Elevated risk appetite was reflected in continued strong corporate debt issuance, especially by lower-rated firms. Many stock indices reached all-time highs in February with equity fund-raising reviving memories of the late 1990s tech boom as retail investors flexed their increasing influence on market dynamics.

Search for yield underpinned the broadly positive sentiment towards emerging market assets, particularly in East Asia, supporting portfolio flows into these economies.

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Source: BIS


Greening (runnable) brown assets with a liquidity backstop

March 1, 2021--Summary
Focus
The momentum toward greening the economy brings with it a number of new transition risks, which, if not properly addressed, may threaten financial stability. In particular, the expectation that other investors may exclude high carbon corporate emitters from their portfolio creates a risk of runs on brown assets. Understanding and acknowledging this new source of financial instability is essential for government agencies in charge of preserving the soundness of financial systems.

Contribution

We analyse whether a market economy where polluting firms are subject to a run risk can sufficiently incentivise those firms to reduce their carbon emissions, and how the laissez faire allocation fares relative to one that could be provided by policymakers. We postulate that uncertainty on the level of carbon-emission intensity that will be tolerated by consumers, investors or regulators can result in runs on significant shares of financial assets. In this context, we propose a liquidity backstop facility that helps restore efficiency. We show how offering such a backstop, whose access fee is proportional to the carbon emission of corporates, can prevent such runs while greening output.

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Source: BIS


Renewable energy: common myths debunked

March 1, 2021--Outdated misconceptions about the reliability and affordability of renewable energy must be challenged.
The transition to renewable energy is being driven by consumer demand and is happening faster than previously thought.
Grids of the future are already being built -buildings equipped with microgrids connected by software.
Critics of renewable energy often cite two reasons for why they think a transition from fossil fuels will take half a century.

Firstly, that sources of renewable energy are too intermittent to be reliable and secondly, that governments cannot bear the costs of switching entire economies to clean energy.

It’s about time these assumptions were challenged. These perceived obstacles for the mass adoption of clean, renewable energy technologies are quickly becoming outdated.

Myth: intermittency makes renewable energy unreliable
Conventional thinking has long held that renewable energy intermittency makes solar, wind and other green alternatives too unreliable. Thankfully, rapid technological innovation in recent years means this myth outdated.

It’s true that solar energy is only produced when the sun is shining on solar panels. Likewise, wind energy is dependent on the ebb and flow of air currents. But the sheer volume of renewable energy being deployed, the ability to store that energy for longer, and to match demand with supply using software, creates a balanced grid.

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Source: World Economic Forum


The Haves and Have-nots Of the Digital Age

March 1, 2021--Accelerated by the pandemic,the digital future is coming at us faster than ever before,and maybe faster than we can imagine. In this issue of Finance & Development magazine, we explore the possible consequences-the good,the bad,and the gray.

For millions,technology has been a lifeline, changing the way we work, learn,shop, and entertain ourselves. In a year like no other, it has spurred game-changing digital shifts. Governments moved quickly,using mobile solutions to provide cash assistance; financial technology has helped the survival, and in some cases, growth of small-and medium-sized businesses; and the first national digital currency, in The Bahamas, provides a glimpse of the future of money.

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Source: IMF


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Americas


June 30, 2025 Allspring Exchange-Traded Funds Trust files with the SEC
June 30, 2025 Northern Lights Fund Trust files with the SEC-Toews Agility Shares Hedged Equal Weight ETF and Toews Agility Shares Hedged-Qs ETF
June 30, 2025 Lazard Active ETF Trust files with the SEC-Lazard US Systematic Small Cap Equity ETF
June 30, 2025 WisdomTree Trust files with the SEC-WisdomTree Japan Opportunities Fund
June 30, 2025 J.P. Morgan Exchange-Traded Fund Trust files with the SEC-JPMorgan 100% U.S. Treasury Securities Money Market ETF

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Europe ETF News


June 16, 2025 ESMA's activities in 2024 focused on strengthening the EU capital markets and putting citizens and businesses at the heart of it
June 12, 2025 Janus Henderson launches active fixed income ETF
June 12, 2025 ifo Institute Raises Growth Forecast for Germany
June 10, 2025 ESMA publishes latest edition of its newsletter
June 06, 2025 Active ETF fever grips selectors-is the end in sight for mutual funds?

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Asia ETF News


June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens
June 18, 2025 Mirae Asset Global Investments Launches MIRAE ASSET TIGER CHINA GLOBAL LEADERS TOP3 PLUS ETF, Tracking Solactive-KEDI China Global Leaders TOP3Plus Index
June 13, 2025 Post-Adjustment ChiNext Index Attracts Global Assets with Low Valuation and High Growth Potential
June 13, 2025 Unlocking Consumption to Sustain Growth in China -World Bank Economic Update
June 13, 2025 US trading firm Virtu weighs foray into China market-making business

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Middle East ETP News


June 19, 2025 GCC: Growth on the Rise, but Smart Spending Will Shape a Thriving Future
June 16, 2025 Saudi Exchange leads market losses across the GCC

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Africa ETF News


June 24, 2025 East Africa's regional 20 share index
June 16, 2025 African Credit Rating Agency to Launch September 2025
May 27, 2025 African Economic Outlook 2025-Africa's short-term outlook resilient despite global economic and political headwinds

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ESG and Of Interest News


June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce
June 10, 2025 Global Carbon Pricing Mobilizes Over $100 Billion for Public Budgets
June 07, 2025 Accelerating Blue Finance: Instruments, Case Studies, and Pathways to Scale
June 03, 2025 The Longevity Dividend

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White Papers


May 30, 2025 IMF Working Paper-Interest Rate Sensitivity Scenarios to Guide Monetary Policy

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