Global ETF News Older than One Year


Deutsche Bank beats expectations

July 27, 2010--Deutsche Bank on Tuesday reported net income of €1.2bn for the second quarter, slightly beating expectations after a tough period for the trading that it and other investment banks depend upon.

“In a quarter which was characterised by increased investor uncertainty and higher market volatility, Deutsche Bank’s investment banking business followed the industry-wide trend of weaker profitability,” said Josef Ackermann, chief executive

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Source: FT.com


NASDAQ OMX Reports Strong Second Quarter 2010 Results

Non-GAAP Diluted EPS Increased 21% to $0.52 (GAAP Diluted EPS $0.46)
Announces an Additional $100 Million for Share Repurchase Program
July 27, 2010--The NASDAQ OMX Group, Inc. ("NASDAQ OMX®") (Nasdaq:NDAQ) reported strong results for second quarter of 2010. Net income attributable to NASDAQ OMX for the second quarter of 2010 was $96 million, or $0.46 per diluted share, compared with $61 million, or $0.28 per diluted share, in the first quarter of 2010, and $69 million, or $0.33 per diluted share, in the second quarter of 2009. Included in the second quarter of 2010 results are $16 million of charges related to the divestiture of businesses, expenses associated with severance, merger and strategic initiatives, and other non-recurring items.

Financial Highlights1:
•Non-GAAP EPS increased 21% over first quarter of 2010 results

•Net revenues grew 8% over prior quarter to $390 million

•Non-GAAP operating income improved to $183 million, up 15% from first quarter of 2010, while operating margins increased to 47%

•Completed $200 million of the original $300 million share repurchase program. Board has authorized an additional $100 million for the program, bringing the total authorized amount to $400 million.

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Source: Nasdaq OMX


MSCI and the RiskMetrics branding mystery

July 27, 2010--The company isn’t saying much, but it seems that a rebranding on the ESG side could be underway at MSCI’s recently acquired RiskMetrics division, which could jettison the RiskMetrics brand.

According to correspondence from staff in the organization seen by Responsible-Investor.com, ‘MSCI ESG Analytics’ seems to be the form of words being used for the new branding, suggesting that the RiskMetrics brand could shortly disappear from the ESG world as part of the buyout of the firm by the global index group. An MSCI spokesperson was tight-lipped: “MSCI is still finalising the business areas following the acquisition of RiskMetrics Group and will communicate to clients and wider audiences in due course.” Any repositioning would be taking place amid continuing consolidation in the ESG advisory and proxy voting sector. The merger last week between The Corporate Library and GovernanceMetrics International is the latest in a series of deals that has seen smaller providers strike up alliances or get bought up by bigger names.

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Source: responsible Investor


ETFS Securities-Commodities Review H1 2010

July 26, 2010--Highlights of Report
The precious metals sector was the best performing commodity sector in H1 2010, rallying 13% as most other key asset classes succumbed to sovereign risk and growth concerns. Gold was the strongest performer rising 14% in US dollars, 34% in Euro and 23% in Sterling continuing its run as one of the best performing assets over the past ten years. This compares to a 14% decline in the FTSE 100 Index and a 20% decline in the EuroStoxx 50 index in USD over the period1.

Flows into gold ETPs rose at an unprecedented pace, with ETF Securities seeing gold ETC assets rise almost $3bn to $11.4bn. Global physically-backed gold ETP assets soared to $83bn, up $18bn (29%)1.

Energy saw mixed performance with oil trading around a $70-$85/bbl range and natural gas prices rebounding at the end of the half. ETC investors appeared to be adroitly trading the oil price range with long inflows rising at the bottom of the price range and long outflows and short positions increasing at the top. Positions were reduced in natural gas ETCs as prices rose.

· Industrial metals saw sharp declines as risk appetite fell and China growth concerns took their toll in Q2. Despite the sharp declines in Q2, the strength of the rally in 2009 meant that industrial metals as a group were still up over 20% on a 12 month basis. ETFS Short Copper saw record inflows in Q1 as some investors’ correctly hedged against price declines in Q2. Shorts have been reduced but remain high relative to history.

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Source: ETFS Securities


TABB Group Sees Low-Touch Order Channels Accounting for 62% of Buy Side Firms’ Options Trading by 2011

Evolving Market Structure and Complexity Drive Adoption of Trading System Technology
Options Algorithms to Represent 28% of Total Trading by 2011
July 26, 2010-- The increasingly complex options markets is resulting in growing demand for tools and systems that can help make options trading more efficient, especially as traders are continue to adopt sophisticated trading strategies, says TABB Group in a new annual research study, “US Electronic Options Trading 2010: Algorithms, DMA and Crossing Networks.” The proportion of order flow moving through low-touch channels is projected to rise to 62% by 2011, as options traders turn to electronic trading systems to manage order flow.

According to Andy Nybo, a TABB principal, head of derivatives and author of the study, “Hedge funds are using direct market access (DMA) and algorithms as their preferred method of finding liquidity, not only because of their more complex strategies, but as a result of traders’ need to reduce execution costs with higher turnover activities.” He adds that TABB expects hedge funds to direct 31% of total trading to algorithmic tools in 2011, up from 9% in 2009.

The report details the proliferation of DMA platforms residing on the buy-side trading desk, identifying key functionalities that make the systems attractive to options traders. “Through more than 50 interviews, we identified 20 different platforms currently deployed to trade options electronically, with the most sophisticated offering a suite of tools that provide complex order-support and algorithmic-trading capabilities,” said Nybo. “We discovered that competition for low-touch flow remains fierce, that brokers are battling to attract customer flow through new functionality and tools designed to meet the needs of the larger number of firms using these low-touch channels.”

TABB also found that there are sharp differences between asset managers and hedge funds. Asset managers, Nybo points out, have been reluctant to use automated trading tools. “Asset managers are heavily dependent on the phone to get their trades done, since they tend to trade infrequently and in larger size, and prefer to rely on their brokers for access to capital and ease of execution. They have little need to learn the nuances of a trading platform.” However, he adds, “One begins to question the rationale of executing via high-touch channels and paying double or triple the going rate for electronic executions, especially for more liquid options. At some point, lower commission rates for electronic execution will become undeniably attractive.”

Electronic commission rates have remained relatively stable since 2009, averaging 89 cents per contract, a slight increase over last year’s rate. The buy side is increasingly negotiating blended options execution rates across voice, direct market access and algorithmic channels that fund commission-sharing agreements (CSAs) for research and other services.

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Source: TABB Group


Consumer confidence shows a slowing down in pace of recovery for the first half of 2010

July 26, 2010--Consumer confidence in the OECD area has levelled out since January 2010, possibly announcing a new peak or maybe just indicating uncertainty in the coming months. Confidence levels remain historically low, a result of the financial crisis and indicating that the effects of the crisis are continuing to be felt by consumers who remain pessimistic about the future.

After the 2007 financial crisis, consumer confidence drastically decreased underlining a pessimistic view from households on the economy at the time and for the near future. This fall in the confidence indicators was unprecedented, and hit a recorded low. Between the end of 2008 and the beginning of 2009, a trough was reached for the OECD area and most OECD countries. Since then consumer confidence indicators have shown improved sentiment.

The charts included in this short note, indicate that the early part of 2010 has seen consumer confidence indicators experienced a decline in Canada, France, Italy and the United Kingdom, while continuing to recover in Japan, Germany and the United States. As a result of these diverging trends among the G7 countries, consumer confidence has been slowing on average in the OECD area.

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view the OECD standardised Consumer Confidence Indicators (CCI)

Source: OECD


Market highlights for first half-year 2010

July 23, 2010--Exchanges across the globe saw the value of their indexes drop an average of 11.5% in USD terms in the first six months of the year, according to figures released today from the World Federation of Exchanges (WFE).

Among the markets showing gains in the first half of 2010, most were from emerging economies.

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Source: World Federation of Exchanges (WFE)


BlackRock profit up, but outflows worry investors

July 22, 2010--Money manager BlackRock failed to impress investors with better-than-expected second-quarter profits on Wednesday, amid continuing concerns that founder and Chief Executive Laurence Fink's big move into exchange-traded funds is making the firm more dependent on low-fee products.

Shares of the world's largest asset manager were down 4 per cent in afternoon trading as the firm's results showed clients were picking up passively managed products, like its iShares ETFs, and getting out of more-lucrative actively managed stock and bond funds.

The second quarter results were a big improvement from the first quarter, when BlackRock missed Wall Street expectations, but showed that the sizable movement of client money out of its actively managed funds in the first quarter was a continuing trend.

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Source: Business Standard


International trade statistics: trends in first quarter 2010

July 21, 2010--Merchandise trade volumes for the G7 countries as a whole continued to grow in the first quarter of 2010, but at a slower pace than in the fourth quarter of 2009. Based on seasonally adjusted monthly data, merchandise trade values remain approximately 20% below pre-crisis levels in April and May.

G7 merchandise export and import volumes both grew by 3.2% in the first quarter of 2010 compared to 4.7% and 3.7%, respectively, in the fourth quarter of 2009. The highest increases were registered in Germany and Japan, where export volumes rose by 4.3% and 6.5%, and import volumes rose by 5.7% and 3.7%, respectively. Export volumes grew more slowly in Canada (0.4%), the United Kingdom (1.4%) and the United States (1.6%), where growth was also down from the fourth quarter of 2009. Growth in import volumes also slowed in all three countries.

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Source: OECD


BlackRock's Q2 assets under management plummet by 6%

July 21, 2010--– Assets under management at BlackRock, the largest asset manager in the world, fell by 6% to $3.1trn (€2.4trn) in the second quarter, sending its shares down by nearly 5% today.

However, Laurence Fink, chairman and chief executive, said the company's outlook remained positive.

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Source: IP&E


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Americas


September 10, 2025 SSGA Active Trust files with the SEC-SPDR SSGA My2035 Corporate Bond ETF and SPDR SSGA My2031 Municipal Bond ETF
September 10, 2025 WisdomTree Digital Trust files with the SEC-WisdomTree Private Credit and Alternative Income Digital Fund
September 10, 2025 EA Series Trust files with the SEC-City Different Investments SMID Cap Core Equity ETF and City Different Investments Global Equity ETF
September 10, 2025 ETF Opportunities Trust files with the SEC-Golden Eagle Dynamic Hypergrowth ETF
September 10, 2025 Truth Social Funds files with the SEC-5 ETFs

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Europe ETF News


September 04, 2025 Global X Launches Two High Dividend ETFs, Tracking Solactive European and United Kingdom SuperDividend Indices
September 03, 2025 The T+1 Thursday conundrum pushing instantaneous settlement on traders
September 01, 2025 ETF and ETP Listings on September 1, 2025, new on Xetra and Borse Frankfurt
August 29, 2025 21Shares Launches First ETP Tracking Hyperliquid, the Market Leader in Decentralized Perpetuals
August 27, 2025 ETF and ETP Listings on August 27, 2025, new on Xetra and Borse Frankfurt

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Asia ETF News


September 08, 2025 Samsung Securities Launches Two ETNs Tracking Solactive China Mobility Top 5 Hedged to KRW Index and AI Tech Top 5 Hedged to KRW Index in First Collaboration with Solactive
September 03, 2025 SGX Securities Welcomes The Listing Of SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF
September 03, 2025 BTIG Begins Offering Access To Tokyo Stock Exchange's CONNEQTOR Platform
September 03, 2025 Exclusive: US trading firm Jane Street files appeal against India markets regulator
September 02, 2025 Hana Asset Management Launches 1Q Xiaomi Value-Chain Active ETF Tracking the Solactive-KEDI Xiaomi Focus China Tech Index

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Middle East ETP News


September 02, 2025 Indxx US Infrastructure Index Licensed by KSM Mutual Funds Ltd. for an Index Tracking Fund
September 01, 2025 Lunate Launches Boreas Solactive Quantum Computing UCITS ETF, the First Thematic ETF to List on ADX, Tracking the Solactive Developed Quantum Computing Index
August 20, 2025 Mideast Stocks: Gulf bourses trade lower ahead of key Fed speech
August 14, 2025 Saudi, UAE drive GCC assets under management growth to $2.2trln
August 12, 2025 Exchanges get religion in pursuit of Muslim cryptobros

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Africa ETF News


August 24, 2025 Africa: Nigeria Leads Africa in Stablecoin Adoption With $22bn in Transactions

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ESG and Of Interest News


August 28, 2025 Collapse of critical Atlantic current is no longer low-likelihood, study finds
August 06, 2025 Why investing in Southern Africa's critical minerals is key for the global energy transition
August 04, 2025 World Cannot Recycle Its Way Out of Plastics Crisis, Report Warns
August 02, 2025 The Brain Economy: The New New Thing

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White Papers


September 08, 2025 Economic development, carbon emissions and climate policies

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