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Traders unlikely to return to trading desks every day post-pandemic, research suggests
November 18, 2020--Firms tackled remote working by shifting focus to compliance infrastructure and partnering with external technology providers, Greenwich Associates research found.
A small minority of traders are expected to return to trading desks every day in the post-pandemic world, as firms are tipped to support remote working in the long-term, research has suggested.
A recent poll of 210 financial services compliance professionals globally by Greenwich Associates found that just 4% expect their firms to require traders to return to in-house trading desks every day after the pandemic.
Rocketing Bitcoin Stakes Claim as Pandemic Refuge for Brave
November 18, 2020--Jump versus gold spotlights case for Bitcoin as store of value
Coin's volatility is top argument against 'digital gold' claim
Bitcoin is seizing the spotlight from gold as a hedge against risks such as further dollar weakness or a pick-up in inflation, after widening its performance lead over the yellow metal.
The cryptocurrency's approximately 150% jump in 2020 puts the digital coin's price relative to gold at the highest in almost three years, data compiled by Bloomberg show.
Global gold-backed ETFs: A popular gateway to the gold market
November 17, 2020--Gold-backed exchange-traded funds and similar products (gold ETFs)1 have flourished since their introduction in 2003, attracting both institutional and retail investors across the globe.2
Recently, gold has become globally accepted as a strategic asset amidst a high-risk and low-rate environment spurring investment demand and the expansion of the gold-ETF market.
The increased quantity, size and location of gold ETFs have provided easier and more efficient access for investors allowing them to utilise many general advantages of ETFs.
While there are numerous ways for investors to own gold, such as bars, coins, derivatives, over-the-counter (OTC) instruments and gold stocks, many have embraced gold ETFs for qualities such as cost efficiency, transparency, and liquidity.
The growth and evolution of gold ETFs have already helped advance the broader gold market and are likely to continue to do so, providing additional support for the role of gold in portfolios.
Gold ETFs are global
Through September 2020, holdings in the 83 active gold ETFs we track totalled 3,880t, with total assets under management (AUM) of US$235.4 billion (bn)3- record highs in both tonnage and value terms.
Future Series: Cybersecurity, emerging technology and systemic risk
November 16, 2020--Unless action is taken now, by 2025 next generation technology, on which the world will increasingly rely, has the potential to overwhelm the defences of the global security community.
Enhanced cybersecurity is the only means by which this challenge can be addressed, but the approach to cybersecurity needs to be overhauled before the industry finds itself in any fit state to tackle the threat.
Cut-throat ETF price war is over, industry professionals say
November 13, 2020--A cut-throat value battle that has brought on charges for mainstream change traded funds to sink to unprecedented lows might have now run its course, trade professionals imagine.
Common expense ratios for passive fairness ETFs have nearly halved from 0.34 per cent to fell to simply 0.18 per cent within the US throughout the previous decade, in accordance with the Funding Firm Institute, a commerce physique.
Index-tracking bond ETFs are cheaper nonetheless at 0.14 per cent, down from a peak of 0.26 per cent in 2013, whereas some fairness funds managed by Constancy Investments at the moment are free.
ETFGI reports ETFs and ETPs listed globally have gathered a record 539.58 billion US dollars in year to date net inflows as of the end of October 2020
November 13, 2020--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs and ETPs ecosystem, reported today reports ETFs and ETPs listed globally have gathered a record US$539.58 billion in year to date net inflows as of the end of October 2020.
ETFs and ETPs listed globally gathered net inflows of US$52.21 billion during October, bringing year-to-date net inflows to a record level of US$539.58 billion which is significantly higher than the US$399.88 billion gathered at this point last year and close to the US$571.14 billion gathered in all of 2019, according to ETFGI's October 2020 Global ETFs and ETPs industry landscape insights report, the monthly report which is part of the annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
ETFs and ETPs listed globally have gathered a record $539.58 Bn in year to date net inflows at the end of October 2020.
Strong net inflows of $52.21 billion during October.
Just Stopping Emissions May No Longer Be Enough to Stop Global Warming
November 13, 2020--Researchers argue that it's time to invest in aggressive carbon capture
Earlier this year, the Earth saw a huge dip in carbon emissions as nations around the globe locked down to slow the spread of the coronavirus. It offered a glimpse into what the world might look like if we took drastic steps to reduce our carbon emissions to slow the spread of global warming: For a brief moment, smog-choked cities around the world had clear skies.
But according to a new modeling study published in Scientific Reports today, even if we made such drastic reductions permanent, it would still not be enough. The study suggests that if we stopped all human-made greenhouse gas emissions immediately, the Earth’s temperatures would continue to rise because of self-sustaining melting ice and permafrost. These "feedback loops"- in which melting ice causes less sunlight to be reflected back into space, which in turn raises temperatures and causes more ice melt -have already been set into motion, the researchers argue.
IEA Cuts 2020 Global Oil Demand Forecast On Virus Surge
November 12, 2020--The International Energy Agency (IEA) on Thursday cut its 2020 global oil demand forecast, citing a resurgence of the Covid-19 pandemic, with vaccines unlikely to have much of an impact until well into next year.
The IEA said that as a result of fresh restrictions imposed by governments in an effort to curb the disease, it expected full-year 2020 global oil demand to come in at 91.3 million barrels per day (mbpd)-- down by 8.8 mbpd compared with the drop of 8.4 mbpd given in last month's regular report.
London gold body warns trade centres over ethical sourcing
November 12, 2020--Bullion business team threatens to blacklist companies which do not satisfy OECD criteria
Londons gold marketplace connection has warned countries that are centres for dealing the yellow metal that they chance being blacklisted as vendors unless they guarantee silver going into the marketplace is responsibly sourced.
The London bullion marketplace association blogged to countries like the United Arab emirates, the USA, British and Switzerland saying there was clearly a danger unethical silver was entering global markets.
Data Disruption: The Impact of COVID-19 on Inflation Measurement
November 10, 2020--Lockdowns, working from home, and physical distancing caused people to spend larger shares of their household budgets on food and housing, while fewer people bought nonessentials, like airline tickets and clothing. And with incomes down as millions have lost their jobs, spending on nonessential items will likely remain depressed.
The consumer price index (CPI) does not reflect these abrupt changes in spending patterns because the CPI weights are not continuously updated. For example, the CPI could be pulled down by a decline in the prices of nonessentials that are no longer purchased.
A new IMF staff paper uses spending estimates derived from credit and debit card data to adjust the CPI weights to match spending patterns during the pandemic. The study finds that inflation during the first three months of the pandemic was actually higher than we thought.
