Global ETF News Older than One Year


FSB and Basel Committee set out supervisory recommendations for benchmark transition

July 9, 2020--Continued reliance of financial markets on LIBOR poses clear risks to global financial stability.
Transition away from LIBOR by end-2021 requires significant commitment and sustained effort from both financial and non-financial institutions.
Report includes three sets of recommendations to support LIBOR transition.

The Financial Stability Board (FSB) and Basel Committee on Banking Supervision (BCBS) today published a report on Supervisory issues associated with benchmark transition. Continued reliance of financial markets on LIBOR poses clear risks to global financial stability. Transition away from LIBOR by end-2021 requires significant commitment and sustained effort from both financial and non-financial institutions across many jurisdictions. The report includes insights on remaining challenges to transition based on surveys undertaken by the FSB, the BCBS and the International Association of Insurance Supervisors (IAIS). It sets out recommendations for authorities to support financial institutions' and their clients' progress in transitioning away from LIBOR.

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Source: BIS


S&P Global predicts global credit losses of $2.1T

July 9, 2020--Credit ratings agency S&P Global forecasted on Thursday that the COVID-19 pandemic caused credit losses for world banks of around $2.1 trillion. Compared to 2019, losses will double to $1.3 trillion in 2020.

Agency said 60% of the forecast credit losses will arise in Asia-Pacific but that the highest relative increases will occur in North America and Western Europe.

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Source: teletrader.com


Gold rallies to $1 800 an ounce

July 8, 2020-- Gold's allure is only getting stronger as 2020 unfolds. Spot prices reached $1 800 an ounce and year-to-date inflows into bullion-backed exchange-traded funds have topped the record full-year total set in 2009.

Investors have favoured havens this year as the coronavirus pandemic rips through economies, spurring sustained inflows into gold-backed ETFs as central banks and governments unleash vast stimulus programs. States across the US recorded new highs in cases and deaths on Tuesday, and Federal Reserve Bank of Atlanta President Raphael Bostic said the resurgence of the virus may be threatening the pace of America's recovery.

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Source: FIN24


Why ESG investing makes fund managers more money

July 8, 2020--In recent years, some investors have felt so irritated by the pious tone of the environment, social and governance sector they have joked that the ESG acronym should stand for "eye-roll, sneer and groan".
Such laughter is looking hollow now.

Among the many long-held assumptions turned upside down by Covid-19 is the notion held by many investors that ESG investing implies lower returns. Instead, 2020 suggests that virtue pays.

Consider the first four months of this year, when Covid-19 caused global markets to swoon. Over this period, the S&P 500 ESG index, which tracks big US companies with high ESG ratings, beat the normal S&P index by 0.6 per cent.

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Source: FT.com


Negative interest rates can be a doom loop for pension investors

July 8, 2020--Fixed income is turning into fixed expense for those who seek haven assets for capital conservation

"On the whole, negative interest rates, no ...not an area I would want to go to,” said Bank of England governor Andrew Bailey to members of the UK parliament in March. Two months later Britain sold a government bond with a negative yield for the first time, as Covid-19 created the dystopian reality of deserted airports and traffic-free highways.

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Source: FT.com


Basel Committee publishes final revisions to the credit valuation adjustment risk framework

July 8, 2020--The Basel Committee on Banking Supervision today published an updated standard for the regulatory capital treatment of credit valuation adjustment (CVA) risk for derivatives and securities financing transactions.

The revisions for the regulatory capital treatment of CVA risk include:
recalibrated risk weights;
different treatment of certain client cleared derivatives; and
an overall recalibration of the standardised and basic approach.

In November 2019 the Committee consulted on a set of targeted, final revisions to the CVA risk framework published in December 2017. The changes finalised today bring the revised CVA risk framework into alignment with the market risk framework.

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Source: BIS


Implications of financial market development for financial stability in emerging market economies

July 7, 2020--Note submitted to the G20 International Financial Architecture Working Group
Introduction
Over the past two decades, financial markets in emerging market economies (EMEs) have grown bigger, broader and more liquid. Their development has strengthened the financial system's overall resilience, not least by helping EMEs realise the benefits of capital flows while addressing the challenges associated with their volatility.

The expansion of local currency bond markets in particular has enabled governments to borrow in their own currency rather than foreign ones, thus reducing the currency mismatches that exacerbated earlier EME crises. That said, financial market development has altered rather than eliminated EMEs’ vulnerability to large swings in capital flows and exchange rates. The changed nature of EMEs' vulnerability was forcefully exposed in early 2020, when the Covid-19 outbreak sparked a global retreat from risk. Portfolio rebalancing by investors led to sharp currency depreciations, which amplified portfolio outflows and falls in EME asset prices.

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Source: BIS


The Long Economic Hangover of Pandemics-History shows COVID-19's economic fallout may be with us for decades

July 7, 2020--The COVID-19 pandemic's toll on economic activity in recent months is only the beginning of the story. While the rapid and unprecedented collapse of production, trade, and employment may be reversed as the pandemic eases, historical data suggest that long-term economic consequences could persist for a generation or more.

Among these are a prolonged period of depressed real interest rates-akin to secular stagnation-that may linger for two decades or more. Still,one piece of good news is that these sustained periods of low borrowing costs are associated with higher real wages and create ample room for governments to finance stimulus measures to counteract economic damage caused by the pandemic.

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Source: IMF


Cboe Global Markets Reports June 2020 Trading Volume

July 6, 2020--Options ADV up 50 percent, U.S. Equities ADV up 83 percent and Global FX up 5 percent over June 2019
Cboe's four options exchanges combined set a new single day volume record with more than 16 million contracts traded
Cboe EDGX Options Exchange monthly ADV of more than one million contracts a new all-time high

Cboe EDGX Equities Exchange new monthly ADV record with more than 431 million shares traded per day

Cboe Global Markets, Inc. (Cboe: CBOE), one of the world's largest exchange holding companies, today reported June monthly trading volume.

The data sheet contains an overview of June and year-to-date trading statistics and market share by business segment, volume in select index products, and RPC, which is reported on a one-month lag, across business lines.

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Source: Cboe Global Markets, Inc.


Bassanese Bites: Range trade

July 6, 2020-Equities remain range bound as the virus spoils the re-opening party.
Global markets
Global equities managed to shrug off mounting U.S. virus concerns last week and instead focus on better than expected 're-opening' economic data. Of course, the Fed chipped in with further "whatever it takes" supportive comments, and another drug company announced early promising vaccine results.

Equities bounced and the $US weakened, though bond yields held remarkably steady and gold also held up well. In terms of data, June readings on U.S. manufacturing, consumer confidence and employment were all better than expected, and May existing home sales also surged back after sharp falls in March and April.

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Source: betashares.com.au


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Americas


April 03, 2025 Baillie Gifford ETF Trust files with the SEC
April 02, 2025 iShares Trust files with the SEC-iShares S&P 500 3% Capped ETF
April 02, 2025 First Trust Exchange-Traded Fund VIII files with the SEC-FT Vest Laddered Max Buffer ETF
April 02, 2025 Tidal Trust III files with the SEC-3 NestYield ETFs
April 02, 2025 Grayscale Launches Grayscale Bitcoin Covered Call ETF (Ticker: BTCC) and Grayscale Bitcoin Premium Income ETF (Ticker: BPI)

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SEC Filings


April 03, 2025 Baillie Gifford ETF Trust files with the SEC
April 02, 2025 iShares Trust files with the SEC-iShares S&P 500 3% Capped ETF
April 02, 2025 Tidal Trust III files with the SEC-3 NestYield ETFs
April 02, 2025 First Trust Exchange-Traded Fund VIII files with the SEC-FT Vest Laddered Enhance & Moderate Buffer ETF
April 02, 2025 First Trust Exchange-Traded Fund VIII files with the SEC-FT Vest Laddered Max Buffer ETF

view SEC filings for the Past 7 Days


Europe ETF News


March 24, 2025 MarketVector Strengthens Leadership in Multi-Assets Strategies with the Launch of the MarketVector Crypto-Balanced Multi-Asset Index (TOPMDL)
March 24, 2025 21Shares expands European footprint with new listings on Nasdaq Stockholm

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Asia ETF News


March 28, 2025 HashKey Group and Bosera Launch World's First Tokenised Money Market ETF
March 25, 2025 Southeast Asia's Economies Can Gain Most by Packaging Ambitious Reforms
March 17, 2025 E Fund: Harnessing AI Trends in China to Drive Innovation and Enhance ETF Offerings
March 12, 2025 Viet Nam's Economy Forecast to Grow 6.8 Percent In 2025: WB
March 12, 2025 Coinbase returns to India: Crypto exchange confirms securing FIU regulatory nod

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Middle East ETF News


March 21, 2025 Qatar's Economy Grows 2.4% in 2024, Q4 GDP Up 6.1% Year-on-Year
March 20, 2025 Egypt's economic growth set to improve in Q2, driven by industry: minister
March 11, 2025 Qatar: QSE fully waives trading fees on ETFs, aims improved market liquidity
March 07, 2025 IMF-Financial Conditions and Their Growth Implications for Qatar: Qatar
March 07, 2025 IMF-Artificial Intelligence in Qatar: Assessing the Potential Economic Impacts

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Africa ETF News


March 30, 2025 Africa's Debt Crisis Under-Reported-AFRODAD
March 27, 2025 Africa's Digital Payments Economy to Reach $1.5trn By 2030-Report
March 24, 2025 Bitcoin Price Trends and the Future of Digital Transactions in Africa
March 10, 2025 IMF-Boosting Growth and Prosperity in South Africa
March 06, 2025 How Africa could help diversify the booming global semiconductor industry

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ESG and Of Interest News


March 30, 2025 Africa: Fast Fashion Fuelling Global Waste Crisis, UN Chief Warns
March 26, 2025 'Renewables are renewing economies', UN chief tells top climate forum
March 20, 2025 How DeepSeek has changed artificial intelligence and what it means for Europe
March 10, 2025 IMF-Driving Change: Women-Led Economics
March 05, 2025 F&D: Reconnecting Morality with Political Economy

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White Papers


March 21, 2025 Could Digital Currencies Lead to the Disappearance of Cash from the Market?
March 12, 2025 IMF Note-Fund Investor Types and Bond Market Volatility
February 28, 2025 IMF Working Paper-Not all Housing Cycles are Created Equal: Macroeconomic Consequences of Housing Booms
February 28, 2025 Pension Reform and Stock Market Development

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