Global ETF News Older than One Year
LSE calls off merger with TMX Group
June 29, 2011-The London Stock Exchange’s hopes of securing its future as part of a transatlantic deal with TMX Group evaporated last night after the UK bourse withdrew its merger plan having failed to secure enough support from shareholders of its Canadian peer.
The withdrawal is a serious setback to Xavier Rolet, the French chief executive of the LSE, and might put the exchange in play as a potential bid target.
The LSE’s share price has risen by 15 per cent since mid-May amid speculation that it might be taken over, with Nasdaq OMX of the US topping the list of potential predators.
SOurce: FT.com
Oil rallies on reappraisal of IEA move
June 29, 2011--Oil prices rallied more than $3 a barrel on Wednesday, recovering all the losses triggered by last week’s decision by rich consuming nations to release strategic oil stocks.
Brent crude, the global benchmark, jumped to a peak of $112.48 a barrel, the highest since last Thursday, when the International Energy Agency announced its members would sell 60m barrels of oil, the third co-ordinated sale from the reserves in the organisation’s history.
Source: FT.com
EU examines NYSE, Deutsche Boerse merger
June 29, 2011--European antitrust authorities launched Wednesday their examination of a merger between NYSE Euronext and Deutsche Boerse, a deal that would create the world's biggest stock exchange
The office of European competition commissioner Joaquin Almunia confirmed receiving the merger plans and said the preliminary probe would close by August 4.
Brussels must decide whether to authorise the operation, possibly with conditions attached to it, or launch a deeper investigation that could last several months.
Source: EUbusiness
The Dow Jones-UBS Commodity Index June 2011 Performance Report
June 28, 2011--The Dow Jones-UBS Commodity Index was down 6.62% for the month of June. The Dow Jones-UBS Single Commodity Indexes for sugar, feeder cattle and orange juice had the
strongest gains with month-to-date returns of 16.88%, 11.44%, and 7.84%, respectively. The three most
significant downside performing single commodity indexes were wheat, cotton and crude oil, which were down 19.58%, 13.56%, and 11.65% respectively, in June.
Year to date, the Dow Jones-UBS Commodity Index is down 4.24% with the Dow Jones-UBS Orange Juice Sub-Index posting the highest gain of 24.41% so far in 2011. Dow Jones-UBS Wheat Sub-Index has has the most significant downside YTD performance, down 26.83%.
Source: Dow Jones Indexes
June 2011 “Market’s Measure” Preliminary Report - A Monthly Report From Dow Jones Indexes On The Performance Of U.S., European, Asia And Other Global Stock Market Indexes
Dow Jones Industrial Average Posts 4.19%Loss in June, European Stocks Lose 6.31%, Asia Falls 4.97% and World Equities Fall by 5.16%
Utilities Sector Posts Biggest Gain for June in Asia
Financials Sector Takes the Hardest Hit for June in Europe
June 28, 2011--As of June 27, the Dow Jones Industrial Average fell 4.19% in June,closing at 12043.56. Stock market indexes in Europe, Asia and globally were down in June, according to preliminary monthly figures from global index provider, Dow Jones Indexes.
The Dow Jones Industrial Average fell 4.19% in June, closing at 12043.56. Year-to-date, the index is up 4.03%.
The Dow Jones Europe Titans 80 Index is down 6.31% for June, closing at 1544.29. Year-todate, the index is up 2.10%.
The Dow Jones Eurozone Titans 80 Index is down 5.35% for June, closing at 1564.32. Yearto- date, the index is up 3.84%.
The Dow Jones Asian Titans 50 Index fell 4.97% in June to 133.42. So far this year, the index is down 8.43%.
The Dow Jones Global Titans 50 Index fell 5.16% in June, closing at 177.79. Year-to-date, the index is up 0.39%.
Source: Dow Jones Indexes
The Dow Jones-UBS Commodity Indexes’ Industry Commentary June 2011
June 28, 2011--This commentary is a monthly analysis of the commodities universe written by Christine Marie Nielsen, a veteran financial journalist. For eight years, Ms. Nielsen covered the Chicago futures exchange and economic news for Dow Jones Newswires.
Source: Mondovisione
MSCI and BlackRock to partner on controversial weapons index funds as MSCI unveils new range
Index house unveils its revised ESG benchmarks.
June 28, 2011--MSCI, the global index house, and BlackRock, the world’s biggest asset manager, will partner next month for the launch of a series of new index funds that disbar investments in controversial weapons.
The move comes as MSCI unveils a newly branded range of 25 ESG indices that update and revise the 23 KLD indices that MSCI acquired as part of its $1.55bn acquisition of RiskMetrics last year. The passive funds will be run by Blackrock and be based on a new range of nine MSCI Global ex Controversial Weapons indices. These include country and regional benchmarks that avoid investments in cluster bombs, landmines, chemical, biological, and depleted uranium weapons.
Source: Responsible Investor
Institutional Investors had $1.1 trillion in Hedge Funds in Q1
June 28, 2011--Pensions & Investments Online reports: Institutional investors globally had about $1.1 trillion invested in hedge funds at the end of the first quarter, according to new research released Monday by Citi Prime Finance.
Institutions such as pension funds, endowments, foundations and sovereign wealth funds accounted for roughly half of total hedge fund assets managed globally as of March 31, Citi researchers found.
Source: Pension & Investments
Nomura Sees Strong Ties Between Asia and Brazil
June 28, 2011--Nomura, the global investment bank, today held a seminal investor conference in Sao Paulo, Brazil. 'Nomura Brazil Forum – Exploring Links with Japan and Asia' provided an opportunity for institutional investors to access Nomura's unique insight into harnessing Asian capital flows while learning more about the key investment themes in Brazil for 2011.
The conference opened with a presentation from Aldo Mendes, Deputy Governor for Monetary Policy, Central Bank of Brazil. He discussed the outlook for the Brazilian economy. The event was attended by over 100 senior financial and economic professionals from across Latin America.
Source: Nomura
NASDAQ OMX and RTS Stock Exchange Announce Market Data Partnership
June 28, 2011-The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and RTS Stock Exchange have reached a partnership agreement that will facilitate RTS efforts to more quickly realize and maximize profits for their market data content. NASDAQ OMX will provide RTS, one of the major trading platforms in Russia and Eastern Europe, with a comprehensive suite of services to ensure compliance with RTS market data policies and best practices:
On-site and off-site audits;
Post-audit services including review of administrative procedures;
Entitlement system and reporting methodologies;
Product and technical overviews;
Reconciliation activities; and
Employee training and consultation during the joint audit process.
"We understand the importance of delivering secure and flexible solutions to our market data clients to help them achieve and maintain compliance," stated Roman Goryunov, CEO, RTS Stock Exchange. "We are delighted with our new partnership with NASDAQ OMX, whose expertise and array of compliance services will place us in a unique position to provide superior market data services and preserve the value of our data offerings."
Source: NASDAQ OMX
