BlackRock * New Report * ETF Landscape: Industry Review - February 2011
March 31, 2011--At the end of February 2011, the global ETF industry had 2,557 ETFs with 5,802 listings and assets of US$1,367.4 Bn from 140 providers on 48 exchanges around the world. This compared to 2,091 ETFs with 3,998 listings and assets of US$1,001.9 Bn from 115 providers on 40 exchanges at the end of February 2010.
Additionally, there were 1,092 other ETPs with 1,808 listings and assets of US$175.3 Bn from 57 providers on 23 exchanges. This compared to 630 ETPs with 921 listings and assets of US$150.3 Bn from 40 providers on 18 exchanges at the end of February 2010.
Combined, there were 3,649 products with 7,610 listings, assets of US$1,542.7 Bn from 174 providers on 52 exchanges around the world, as at the end of February 2011. This compared to 2,721 products with 4,919 listings, assets of US$1,152.2 Bn from 139 providers on 43 exchanges at the end of February 2010.
Source: Global ETF Research & Implementation Strategy Team, BlackRock
Currency Composition of Official Foreign Exchange Reserves (COFER)
March 31, 2011-The COFER database
COFER is an IMF database that keeps end-of-period quarterly data on the currency composition of official foreign exchange reserves. The currencies identified in COFER are:
U.S. dollar,
Euro,
Pound sterling
Japanese yen,
Swiss francs, and
Other currencies.
Source: IMF
FTSE Group Extends Access To Alternative Asset Classes With The Launch Of The FTSE Infrastructure Index Series
March 31, 2011--: FTSE Group (“FTSE”), the award winning global index provider, today announces the launch of the FTSE Infrastructure Index Series (FIIS); a comprehensive and complementary set of nine indices diversified across six infrastructure sub-sectors, to reflect the market’s evolving definition of infrastructure.
The FIIS enables investors to research, benchmark and gain exposure to both physical infrastructure assets and the important networks, support and conveyance services that underpin global infrastructure development.
The new index series provides investors with balanced exposure to global infrastructure whilst reducing the risk of over-concentration in individual sectors. Both core infrastructure (companies that derive over 65% of their revenue from infrastructure) and infrastructure related opportunities (companies that derive over 20% of their revenue from infrastructure) are incorporated in the index series, offering investors the flexibility to tailor exposure in accordance with investment objectives and risk appetites.
Source: FTSE
Implications of the Japanese nuclear disaster: An ESG research perspective
March 31, 2011--Along with its tragic human and environmental toll, the ongoing nuclear crisis in Japan could also curtail a much-anticipated global “nuclear renaissance.”
The United States, with 104 operating reactors and the most nuclear capacity, and Europe, with 143 reactors in 27 countries, now plan extensive reviews of their nuclear plants and disaster preparedness. China, with 11 operating reactors, has also suspended approval of more than two dozen planned reactors.
This may give a boost to competing low-carbon generating sources, such as natural gas and renewable energy. MSCI’s Global Alternative Energy Index recorded a 10.1 percent gain in the first 10 days after Japan’s nuclear crisis began.
Source: Responsible Investor
Index giant, Vanguard, leads SRI fund sales at year start
March 31, 2011--Vanguard, the US index fund giant, leapt to become the biggest seller of European SRI retail funds during the first month of 2011 in a tough month for the sector as a whole, according to the latest available figures compiled for Responsible Investor by Lipper FMI, the investment data group.
The sector for ‘RI screened’ funds, as they are labelled by Lipper FMI, which have undergone an ‘extra-financial’ ESG (environment, social and governance) screen in their stock selection process, was hit by total losses of €742m in January, compared with inflows of €623.8m in December, 2010. The best selling RI Screened fund for the month was Vanguard’s SRI European Stock fund, which netted €225.4m.
Source: Responsible Investor
ETFS Inaugural Precious Metals Weekly: Gold/Silver Ratio Hits 27 Year Low
March 30, 2011-Gold/Silver Ratio Hits 27Year Low
Spreading unrest in the Middle East and growing sovereign debt
concerns in Europe push gold price to new all time high of $1,447/oz.
Silver price hits 31-year high as its store of value characteristics and
links to the global manufacturing cycle push demand and prices higher.
Gold/Silver ratio falls to lowest level since September 1983.
Platinum group metals steady after post-Japan Earthquake correction as
investors’ look through near-term supply-chain disruptions.
Gold hit an all-time high of $1,447/oz late last week.
Spreading Middle East and North Africa (MENA) unrest has increased concerns about worst case scenarios and the impact higher oil prices may have on inflation and growth, driving up demand for risk and inflation hedges. European debt concerns are also on the rise, with Portuguese bond yields reaching Euro-era highs as Prime Minister Socrates resigned on the back of opposition to his government's proposed fiscal tightening measures. German Chancellor Merkel's loss of key regional elections over the weekend has reduced her government's ability to support programs to ease the pain of Europe's more fiscally-challenged countries, potentially raising structural risks to the Euro. Global gold exchange traded products (ETPs) have seen 1.2mn oz ($3.9bn) of inflows over the past month, recouping approximately 25% of outflows seen over the first six weeks of 2011.
Source: ETFS Securities
US Money Fund Exposure to European Banks
March 30, 2011--Market sentiment on European sovereigns that have experienced heightened investor concern
continues to affect the perceived credit risk of financial institutions in those countries. An important funding channel for European financial institutions and, therefore, a potential channel for eurozone sovereign risk, is U.S. prime money market funds (MMFs), which continue to have sizable exposures to European financial institutions.
This report updates Fitch Ratings’ prior research on this topic (see December 2010 study, “U.S. Money Market Funds: Recent Trends in Exposure to European Banks”) as of end-February 2011 and focuses on MMF exposures to banks’ certificates of deposit (CDs), commercial paper (CP), asset-backed CP (ABCP), and, new for this report, repurchase agreements (repos).
Source: Fitch Ratings
Preliminary Report: A Monthly Report From Dow Jones Indexes On The Performance Of U.S., European, Asia And Other Global Stock Market Indexes
March 30, 2011--Dow Jones Industrial Average Posts 0.23% Loss In March, European Stocks Lose 1.36%, Asia Falls 5.31% And World Equities Fall By 1.95% - Oil & Gas Sector Posts Biggest Gain For March In Asia - Utilities Sector Takes The Hardest Hit For March In Asia & Worldwide
As of March 28, the Dow Jones Industrial Average fell 0.23% in March, closing at 12197.88. Stock market indexes in Europe
Asia and globally were down in March, according to preliminary monthly figures from global index provider, Dow Jones Indexes
Source: Mondovisione
March 2011 “Islamic Market’s Measure” Preliminary Report: Monthly Report On The Performance Of The Dow Jones Islamic Market Indexes
March 30, 2011--Based on the close of trading on March 29 the global Dow Jones Islamic Market Titans 100 Index, which measures the performance of 100 of the leading Shari’ah compliant stocks globally, dropped 1.22% month-to-date, closing at 2313.44.
In comparison, the Dow Jones Global Titans 50 Index, which measures the 50 biggest companies worldwide, posted a loss of 1.80%, closing at 184.04.
Source: Mondovisione
OECD annual inflation accelerates to 2.4% in February 2011
March 30, 2011--Consumer prices in the OECD area rose by 2.4% in the year to February 2011, compared with 2.2% in January – the highest rate since October 2008.
This increase was again driven by food and energy inflation which accelerated to 3.0% and 10.1% respectively in February, compared with 2.6% and 8.4% in January.
Excluding food and energy, the annual inflation rate was stable at 1.3 % in February 2011.
Source: OECD