Exchange Traded Funds (ETFs): The New Packaged Product of Choice
|
|
|
- George Logan
- 6 years ago
- Views:
Transcription
1 Financial Institutions Profiles Series Exchange Traded Funds (ETFs): The New Packaged Product of Choice (Table of Contents) April 20, 2017
2 TABLE OF CONTENTS Evolution of the Exchange Traded Funds (ETFs) Business Key Driving Factors... Incremental Lower Expenses... Improved Transparency... Additional Tax Efficiency... Lack of Cash Drag... Liquid & Continuously Priced... No Redemption or Short-Term Trading Fees... Ability to Place Stop-Loss, Market, & Limit Orders... Eligibility for Margin Purchases... Advantageous Short Sell Rule... Market History... Emergence Phase... Rapid Growth Phase... Dominance Phase... Market Growth... Sponsors Assets Under Management... Net Flows... Revenues... Net Profits... Market Definition... Passively Managed Exchange Traded Funds (ETFs)... Actively Managed... Leading Exchange Traded Funds (ETFs) Sponsors Assets Under Management... Net Flows... Revenues... Net Profits... Market Segments... Passively Managed Exchange Traded Funds (ETFs)... Market Growth... Sponsors Assets Under Management... Net Flows... Revenues... Net Profits... Market Definition... Passively Managed Equity Exchange Traded Funds (ETFs)... Passively Managed Fixed Income Exchange Traded Funds (ETFs)... Leading Passively Managed Exchange Traded Funds (ETFs) Sponsors Assets Under Management... Net Flows Exchange Traded Funds (ETFs) 2
3 Revenues... Net Profits... Market Segments... Passively Managed Equity Exchange Traded Funds (ETFs)... Market Growth... Sponsors... Leading Passively Managed Equity Echange Traded Funds (ETFs) Sponsors... Exchange Traded Funds (ETFs)... Investment Styles... Broad Equity Indexes... Sector Stocks... Global & International Equity... Emerging Markets... Passively Managed Fixed Income Exchange Traded Funds (ETFs)... Market Growth... Sponsors... Leading Passively Managed Fixed Income Exchange Traded Fund (ETF) Sponsors... Exchange Traded Funds (ETFs)... Investment Styles... Corporate Bonds... High Yield Bonds... Global & International Fixed Income... Currency... Commodities... Actively Managed... Market History... Emergence Phase... Struggles Phase... Continued Struggles Phase... Market Growth Exchange Traded Funds (ETFs) 3
4 Sponsors Assets Under Management... Net Flows... Revenues... Net Profits... Market Definition... Actively Managed Equity Exchange Traded Funds (ETFs)... Actively Managed Fixed Income Exchange Traded Funds (ETFs) Leading Actively Managed Exchange Traded Funds (ETFs) Sponsors Assets Under Management... Net Flows... Revenues... Net Profits... Market Segments... Actively Managed Equity Exchange Traded Funds (ETFs)... Market Growth... Sponsors... Leading Actively Managed Equity Exchange Traded Funds (ETFs) Sponsors... Investment Styles... Investment Style #1... Investment Style #2... Actively Managed Fixed Income Exchange Traded Funds (ETFs) Market Growth... Sponsors... Leading Actively Managed Fixed Income Exchange Traded Funds (ETFs) Sponsors... Investment Styles... Investment Style # Exchange Traded Funds (ETFs) 4
5 Investment Style #2... Future Predictions for Actively Managed Exchange Traded Funds (ETFs). Moderate Growth in Actively Managed Exchange Traded Funds (ETFs) Market... Statistics... Sponsors... Exchange Traded Funds (ETFs)... Assets Under Management... Market Demand Assessment... Product Structure... Passive Investing... Key Regulation Issue (Transparency)... Deutsche Bank Model... American Stock Exchange Substitute Portfolios Concept... Delayed Posting of Net Asset Values... Financial Advisor Demand Assessment... Sub-Issue #1... Sub-Issue #2... Actively Managed Exchange Traded Funds (ETFs) Potential Downfalls... Greater Risk of Loss... Likely Loss of Tax Benefits... Higher Fees... Less Transparency... Primary Success in Actively Managed Fixed Income Exchange Traded Funds (ETFs)... Sponsors by Investment Style... Exchange Traded Funds (ETFs) by Investment Style... Assets Under Management by Investment Style... Net Flows by Investment Style... Revenues by Investment Style... Net Profits by Investment Style... Primary Success in Semi-Active Products... Sub Prediction # 1... Sub Prediction # 2... Markets & Distribution Channels Direct Channels... Assets Under Management... Net Flows... Financial Advisor Channels... Assets Under Management... Net Flows... Institutional Channels... Assets Under Management... Net Flows... Future Predictions for the Exchange Traded Funds (ETFs) Market Exchange Traded Funds (ETFs) 5
6 Substantial Growth in Exchange Traded Funds (ETFs)... Market Growth... Sponsors... Exchange Traded Funds (ETFs)... Assets Under Management Exchange Traded Fund (ETF) Challenges... Transaction Expenses or Commissions... Bid & Ask Spreads... Inability to Use Automatic Investment Plans or Dollar Cost Averaging... Tracking Errors... Some Non-Qualified Dividends if Indexes Change... Inability of Some Exchange Traded Fund (ETF) Types to Reinvest Dividends... Inability of Some Exchange Traded Fund (ETF) Types to Lend Out Securities... Broadening Market Share in... Exchange Traded Funds (ETFs) by Sponsor... Exchange Traded Funds (ETFs) Assets Under Management by Sponsor.. Exchange Traded Funds (ETFs) Net Flows by Sponsor... Exchange Traded Funds (ETFs) Revenues by Sponsor... Exchange Traded Funds (ETFs) Net Profits by Sponsor... Rapid Emergence of Managed Exchange Traded Funds (ETFs) Programs... Market History... Emergence Phase... Stumbles Phase... Growth Phase... Market Growth... Programs... Instiutional Clients... Financial Advisor Clients... Clients... Accounts... Net New Accounts... Assets Under Management Market Segments... Proprietary Managed Exchange Traded Fund (ETF) Programs... Third-Party Managed Exchange Traded Fund (ETF) Programs... Leading Managed Exchange Traded Funds (ETFs) Programs... Instiutional Clients... Financial Advisor Clients... Clients... Accounts... Net New Accounts... Assets Under Management Exchange Traded Funds (ETFs) 6
7 Future Predictions for Managed Exchange Traded Funds (ETFs) Programs... Substantial Growth in Managed Exchange Traded Funds (ETFs) Programs... Programs... Institutional Clients... Financial Advisor Clients... Clients... Accounts... Net New Accounts... Assets Under Management... Net Flows... Revenues... Net Profits... Primary Success by Third-Party Exchange Traded Funds (ETFs) Programs... Programs by Type... Institutional Clients by Type... Financial Advisor Clients by Type... Clients by Type... Accounts by Type... Net New Accounts by Type... Assets Under Management by Type... Net Flows by Type... Revenues by Type... Net Profits by Type... Continuing Low Margins... Sub-Prediction #1... Sub-Prediction #2... Blending of Exchange Traded Funds (ETFs) Strategists and Managed Exchange Traded Funds (ETFs) Programs Businesses... Sub-Prediction #1... Sub-Prediction #2... Successful Push by Exchange Traded Funds (ETFs) into 401K Plans Market... Market Growth... Sponsors... Institutional Clients... Financial Advisor Clients... Clients... Accounts... Net New Accounts... Assets Under Management Leading Exchange Traded Fund (ETF) Firms in 401K Plans Market... Institutional Clients Exchange Traded Funds (ETFs) 7
8 Financial Advisor Clients... Clients... Accounts... Net New Accounts... Assets Under Management Rapid Emergence of Exchange Traded Funds (ETFs) Outside of the United States.. Global Market... Market Growth... Sponsors Assets Under Management... Net Flows... Revenues... Net Profits... Leading Global Exchange Traded Funds (ETFs) Sponsors... Exchanged Traded Funds (ETFs)... Assets Under Management... Net Flows... Revenues... Net Profits... Non-United States Market... Market Growth... Sponsors Assets Under Management... Net Flows... Revenues... Net Profits... Leading Non-USA Exchange Traded Funds (ETFs) Sponsors... Exchanged Traded Funds (ETFs)... Assets Under Management... Net Flows... Revenues... Net Profits... Market Segments... English Speaking Countries Markets... Market Growth... Sponsors... Exchange Traded Funds (ETFs)... Assets Under Management... Net Flows... Revenues.... Market Segments... United Kingdom & Ireland... Canada... Australia & New Zealand... South Africa Exchange Traded Funds (ETFs) 8
9 Europe, Middle East, & Africa Markets... Market Growth... Sponsors... Exchange Traded Funds (ETFs)... Assets Under Management... Net Flows... Revenues.... Market Segments... Germany... France... Italy... Other European Countries... Middle Eastern Countries... African Countries... Asia Pacific Markets... Market Growth... Sponsors... Exchange Traded Funds (ETFs)... Assets Under Management... Net Flows... Revenues.... Market Segments... Japan... China & Hong Kong... Korea... India... Taiwan... Malaysia & Singapore... Other Asia Pacific Countries... Latin America Markets... Market Growth... Sponsors... Exchange Traded Funds (ETFs)... Assets Under Management... Net Flows... Revenues.... Market Segments... Mexico... Brazil... Argentina... Chile... Other Latin American Countries... Offshore Markets... Market Growth... Sponsors... Exchange Traded Funds (ETFs)... Assets Under Management... Net Flows Exchange Traded Funds (ETFs) 9
10 Revenues.... Market Segments... Switzerland... Bahamas... Bermuda... Other Carribean Countries... English Isles... Other Offshore Countries Exchange Traded Funds (ETFs) 10
2018 CAPITAL GAINS DISTRIBUTION ESTIMATES
2018 CAPITAL GAINS DISTRIBUTION ESTIMATES Estimated amounts of upcoming capital gain distributions are shown below. Estimated distributions can change prior to the record date depending on current market
Index Investing: Exchange Traded Funds (ETFs), Index Mutual Funds, & Indexed Separate Accounts
Financial Institutions Profiles Series Index Investing: Exchange Traded Funds (ETFs), Index Mutual Funds, & Indexed Separate Accounts (Table of Contents) October 18, 2017 TABLE OF CONTENTS Index Investing
Global Select International Select International Select Hedged Emerging Market Select
International Exchange Traded Fund (ETF) Managed Strategies ETFs provide investors a liquid, transparent, and low-cost avenue to equities around the world. Our research has shown that individual country
FOREIGN ACTIVITY REPORT
FOREIGN ACTIVITY REPORT SECOND QUARTER 2012 TABLE OF CONTENTS Table of Contents... i All Securities Transactions... 2 Highlights... 2 U.S. Transactions in Foreign Securities... 2 Foreign Transactions in
FRANKLIN TEMPLETON INVESTMENTS. Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010
Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010 Forward-Looking Statements The financial results in this presentation are preliminary.
H S B C H O L D I N G S P L C HSBC HOLDINGS PLC THE CAPITAL REQUIREMENTS. (Country-by-Country Reporting) REGULATION 2013
HSBC HOLDINGS PLC THE CAPITAL REQUIREMENTS (Country-by-Country Reporting) REGULATION 2013 31 December 2015 This report has been prepared for HSBC Holdings plc and its subsidiaries (the HSBC Group ) to
Global Construction 2030 Expo EDIFICA 2017 Santiago Chile. 4-6 October 2017
Global Construction 2030 Expo EDIFICA 2017 Santiago Chile 4-6 October 2017 Graham Robinson Global Construction Perspectives Global Construction 2030 is the fourth in a series of global studies of the construction
Corporate Governance and Investment Performance: An International Comparison. B. Burçin Yurtoglu University of Vienna Department of Economics
Corporate Governance and Investment Performance: An International Comparison B. Burçin Yurtoglu University of Vienna Department of Economics 1 Joint Research with Klaus Gugler and Dennis Mueller http://homepage.univie.ac.at/besim.yurtoglu/unece/unece.htm
The Capital Requirements (Country-by-Country Reporting) Regulations December 2017
HSBC Holdings plc The Capital Requirements (Country-by-Country Reporting) Regulations 2013 31 December 2017 This report has been prepared for HSBC Holdings plc and its subsidiaries (the HSBC Group ) to
Global Business Barometer April 2008
Global Business Barometer April 2008 The Global Business Barometer is a quarterly business-confidence index, conducted for The Economist by the Economist Intelligence Unit What are your expectations of
Securities (the Fund ) WisdomTree Emerging Markets Dividend Fund. WisdomTree International Quality Dividend Growth Fund
BZX Information Circular 16-031 Date: April 6, 2016 Re: WisdomTree Trust Pursuant to the Rules of Bats BZX Exchange, Inc. ( BZX ), (referred to hereafter as Bats or the Exchange ), this Information Circular
Part B STATEMENT OF ADDITIONAL INFORMATION
Part B STATEMENT OF ADDITIONAL INFORMATION SIT LARGE CAP GROWTH FUND, INC. SNIGX SIT MID CAP GROWTH FUND, INC. NBNGX SIT MUTUAL FUNDS, INC, comprised of: SIT BALANCED FUND SIBAX SIT DIVIDEND GROWTH FUND,
Performance 2017: Global Stock Markets
Performance 217: Global Stock Markets January 2, 218 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
Financial wealth of private households worldwide
Economic Research Financial wealth of private households worldwide Munich, October 217 Recovery in turbulent times Assets and liabilities of private households worldwide in EUR trillion and annualrate
First ever quarter with over 200m Gross Profit
11 July 2018 and H1 2018 Trading Update Steve Ingham Kelvin Stagg Chief Executive Officer Chief Financial Officer First ever quarter with over 200m Gross Profit LSE: PAGE.L Website: http://www.page.com/investors
STOXX EMERGING MARKETS INDICES. UNDERSTANDA RULES-BA EMERGING MARK TRANSPARENT SIMPLE
STOXX Limited STOXX EMERGING MARKETS INDICES. EMERGING MARK RULES-BA TRANSPARENT UNDERSTANDA SIMPLE MARKET CLASSIF INTRODUCTION. Many investors are seeking to embrace emerging market investments, because
BRINKER CAPITAL DESTINATIONS TRUST
Important 2018 Tax Information Regarding Your Mutual s BRINKER CAPITAL DESTINATIONS TRUST The following tax information is furnished for informational purposes only. Please consult your tax advisor for
International Statistical Release
International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org). Worldwide Investment Fund Assets and Flows Trends in the
Performance 2017: Global Stock Markets
Performance 217: Global Stock Markets December 6, 217 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
Performance 2018: Global Stock Markets
Performance 218: Global Stock Markets January 22, 218 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
Performance 2018: Global Stock Markets
Performance 218: Global Stock Markets October 3, 218 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
2013 Global Survey of Accounting Assumptions. for Defined Benefit Plans. Executive Summary
2013 Global Survey of Accounting Assumptions for Defined Benefit Plans Executive Summary Executive Summary In broad terms, accounting standards aim to enable employers to approximate the cost of an employee
Performance 2016: Global Stock Markets
Performance 216: Global Stock Markets January 4, 217 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
International Statistical Release
International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org) Worldwide Investment Fund Assets and Flows Trends in the
Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders. Exchange-Traded Fund Symbol CUSIP #
Information Circular: DBX ETF Trust To: From: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications Department
INFORMATION CIRCULAR: DBX ETF TRUST
INFORMATION CIRCULAR: DBX ETF TRUST TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications Department
Compagnie Financière Tradition
Compagnie Financière Tradition H1 2016 results presentation Zurich 1 September 2016 First semester activity in a stabilising market environment Results overview H1 2016 Performance Differentiation in revenue
2017 CAPITAL GAINS DISTRIBUTION ESTIMATES
2017 CAPITAL GAINS DISTRIBUTION ESTIMATES Estimated amounts of upcoming capital gain distributions are shown below. Estimated distributions can change prior to the record date depending on current market
Information Circular: PowerShares Exchange-Traded Fund Trust II
Information Circular: PowerShares Exchange-Traded Fund Trust II To: From: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders PHLX Listing Qualifications
Foreign Direct Investment in the United States. Organization for International Investment
Foreign Direct Investment in the United States Organization for International Investment March 16, 2011 FOREIGN DIRECT INVESTMENT IN THE UNITED STATES Key Findings Foreign Direct Investment in the United
FTSE Global Equity Index Series
Methodology overview FTSE Global Equity Index Series Built for the demands of global investors Indexes for a global market The FTSE Global Equity Index Series (FTSE GEIS) includes objective, rules-based
Another quarter of double digit growth
11 April 2018 2018 Trading Update Steve Ingham Kelvin Stagg Chief Executive Officer Chief Financial Officer Another quarter of double digit growth LSE: PAGE.L Website: http://www.page.com/investors Headline
MANDATORY PROVIDENT FUND SCHEMES AUTHORITY. Guidelines on Recognized Exchanges
Guidelines III.4 MANDATORY PROVIDENT FUND SCHEMES AUTHORITY III.4 Guidelines on Recognized Exchanges INTRODUCTION Section 2 of the Mandatory Provident Fund Schemes (General) Regulation ( the Regulation
Ticker Fund Name CUSIP. Market Vectors MSCI Emerging Markets. Market Vectors MSCI Emerging Markets. Market Vectors MSCI International
EDGA Exchange, Inc. & EDGX Exchange, Inc. Regulatory Information Circular Circular Number: 2014-012 Contact: Jeff Rosenstrock Date: January 23, 2014 Telephone: (201) 942-8295 Subject: Market Vectors MSCI
INFORMATION CIRCULAR: ISHARES TRUST
INFORMATION CIRCULAR: ISHARES TRUST TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications Department
Aging, the Future of Work and Sustainability of Pension System
Aging, the Future of Work and Sustainability of Pension System WKÖ & Salzburg Global Seminar Event Dénes Kucsera Agenda Austria Vienna, Austria November 5, 2015 Introduction Increasing pressure on the
Balanced Select Portfolio Pn
Factsheet as at : September 22, 2018 Balanced Select Portfolio Pn Fund objective This portfolio aims to provide long-term capital growth while keeping risk in a target volatility range of 8-10% over a
DFA Global Equity Portfolio (Class F) Quarterly Performance Report Q2 2014
DFA Global Equity Portfolio (Class F) Quarterly Performance Report Q2 2014 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds.
A short history of debt
A short history of debt In the words of the late Charles Kindleberger, debt/financial crises are a hardy perennial we have been here many times before. Over the past decade and a half the ratio of global
EQUITY REPORTING & WITHHOLDING. Updated May 2016
EQUITY REPORTING & WITHHOLDING Updated May 2016 When you exercise stock options or have RSUs lapse, there may be tax implications in any country in which you worked for P&G during the period from the
DFA Global Equity Portfolio (Class F) Performance Report Q2 2017
DFA Global Equity Portfolio (Class F) Performance Report Q2 2017 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
DFA Global Equity Portfolio (Class F) Performance Report Q3 2018
DFA Global Equity Portfolio (Class F) Performance Report Q3 2018 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
DFA Global Equity Portfolio (Class F) Performance Report Q4 2017
DFA Global Equity Portfolio (Class F) Performance Report Q4 2017 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
Financial Stability (EX) Task Force
Financial Stability (EX) Task Force April 3, 2016 Monitoring Interest Rate Risk Low Interest Rate Study Update Larry Bruning FSA, MAAA Life Actuary NAIC 1 Low Interest Rate Study U.S. 713 Life Insurance
DFA Global Equity Portfolio (Class F) Performance Report Q3 2015
DFA Global Equity Portfolio (Class F) Performance Report Q3 2015 This presentation has been prepared by Dimensional Fund Advisors Canada ULC ( DFA Canada ), manager of the Dimensional Funds. This presentation
2018 Global Survey of Accounting Assumptions. for Defined Benefit Plans. Executive summary
2018 Global Survey of Accounting Assumptions for Defined Benefit Plans Executive summary Executive summary In broad terms, accounting standards aim to enable employers to approximate the cost of an employee
Travel Insurance and Assistance in the Asia-Pacific Region
Travel Insurance and Assistance in the Asia-Pacific Region Report Prospectus October 2013 Web: www.finaccord.com. E-mail: info@finaccord.com 1 Prospectus contents Page What is the research? What methodology
Current Issues in International Tax Policy
Current Issues in International Tax Policy Shigeto HIKI Director, International Tax Policy Division, Tax Bureau, Ministry of Finance, Japan The Fourth IMF-Japan High-Level Tax Conference For Asian Countries
International Statistical Release
International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org). Worldwide Regulated Open-ended Fund Assets and Flows Trends
Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders. Exchange-Traded Fund Symbol CUSIP #
Information Circular: Rydex ETF Trust To: From: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications Department
Quarterly Investment Update First Quarter 2018
Quarterly Investment Update First Quarter 2018 Dimensional Fund Advisors Canada ULC ( DFA Canada ) is not affiliated with [insert name of Advisor]. DFA Canada is a separate and distinct company. Market
MANDATORY PROVIDENT FUND SCHEMES AUTHORITY
Guidelines III.4 MANDATORY PROVIDENT FUND SCHEMES AUTHORITY III.4 Guidelines on Approved Exchanges INTRODUCTION Section 2 of the Mandatory Provident Fund Schemes (General) Regulation ( the Regulation )
Insurance data sources and data needs: Private-sector perspectives. Raymond Yeung, Swiss Re OECD-Asia Regional Seminar, September 23-24, Kuala Lumpur
Insurance data sources and data needs: Private-sector perspectives Raymond Yeung, Swiss Re OECD-Asia Regional Seminar, September 23-24, Kuala Lumpur Agenda About Swiss Re's sigma Applications of insurance
San Francisco Retiree Health Care Trust Fund Education Materials on Public Equity
M E K E T A I N V E S T M E N T G R O U P 5796 ARMADA DRIVE SUITE 110 CARLSBAD CA 92008 760 795 3450 fax 760 795 3445 www.meketagroup.com The Global Equity Opportunity Set MSCI All Country World 1 Index
!!!1!!!!!!!!!!!!!!!!!!!!!!!!!!!!! The Association of Real Estate Funds & Property Funds Research
1 The Association of Real Estate Funds & Property Funds Research Global Real Estate Funds Review H1 216 Contents CONTENTS 2 EXECUTIVE SUMMARY 3 UNLISTED FUND UNIVERSE: OVERVIEW (EX FOF) 6 UNLISTED FUNDS
Important Information
Important Information CDP is an independent not-for-profit organization that has been requesting information relating to carbon and climate change on behalf of investors since 2002. Thousands of organizations
Global Economic Briefing: Global Liquidity
Global Economic Briefing: Global Liquidity December 21, 217 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at
Financial Results for the First Six Months of the Fiscal Year Ending March 31, 2019 [J-GAAP] (Consolidated)
![Financial Results for the First Six Months of the Fiscal Year Ending March 31, 2019 [J-GAAP] (Consolidated)](/thumbs/93/113324390.jpg "Financial Results for the First Six Months of the Fiscal Year Ending March 31, 2019 [J-GAAP] (Consolidated)")
Company Name: Stock exchange listed on: Financial Results for the First Six Months of the Fiscal Year Ending March 31, 2019 [J-GAAP] (Consolidated) Kintetsu World Express, Inc. (KWE) Tokyo Stock Exchange
MONTHLY FINANCE REVIEW
ISSN 0388-0605 MONTHLY FINANCE REVIEW ch 2018 No. 536 Policy Research Institute MINISTRY OF FINANCE JAPAN MONTHLY FINANCE REVIEW ch. 2018 (No.536) CONTENTS STATISTICS(Released by Ministry of Finance) A.
Best Treasury & Cash Management Providers 2017
Page 1 of 5 In March 2017, Global Finance will publish its selections for the Seventeenth Annual World s Best Treasury & Cash Management Providers. Global Finance will select the best overall global cash
Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders. Exchange-Traded Fund Symbol CUSIP #
Information Circular: PowerShares Funds To: From: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications Department
DOMESTIC CUSTODY & TRADING SERVICES
Pricing Structure DOMESTIC CUSTODY & TRADING SERVICES A flat custody fee of 20bps per account type per year is applicable to all holdings and cash, the custody fee is collected each month but will be capped
PENTA CLO 2 B.V. (the "Issuer")
THIS NOTICE CONTAINS IMPORTANT INFORMATION OF INTEREST TO THE REGISTERED AND BENEFICIAL OWNERS OF THE NOTES (AS DEFINED BELOW). IF APPLICABLE, ALL DEPOSITARIES, CUSTODIANS AND OTHER INTERMEDIARIES RECEIVING
INFORMATION CIRCULAR: ISHARES TRUST
INFORMATION CIRCULAR: ISHARES TRUST TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders Nasdaq / BX / PHLX Listing Qualifications Department
Statistics List (Balance of Payments)
Category of Statistics Name of Statistics [Database Name] Name of Items Balance of Payments Balance of Payments [BP01] Balance of Payments (Data Based on the BPM6) Balance of Payments Goods & services
Enhancement of Mutual Fund Category Classification Standards
Enhancement of Mutual Fund Category Classification Standards Morningstar (China) Research Center April 2016 1 In March 2004, Morningstar introduced the category classification methodology for Chinese mutual
2018 Edelman Trust Barometer
2018 Edelman Trust Barometer Snapshot Australia #TrustBarometer Trust Index A World of Distrust Average trust in institutions, general population, 2017 vs. 2018 Global Trust Index remains at distruster
Summary of key findings
1 VAT/GST treatment of cross-border services: 2017 survey Supplies of e-services to consumers (B2C) (see footnote 1) Supplies of e-services to businesses (B2B) 1(a). Is a non-resident 1(b). If there is
CNH and China QFII market: Opportunities and Challenges A Fund Custodian and Administrator's Perspective"
CNH and China QFII market: Opportunities and Challenges A Fund Custodian and Administrator's Perspective" Eric Chow HSBC Securities Services June 2011 2 Agenda About HSBC Securities Services (HSS) Introducing
COUNTRY COST INDEX JUNE 2013
COUNTRY COST INDEX JUNE 2013 June 2013 Kissell Research Group, LLC 1010 Northern Blvd., Suite 208 Great Neck, NY 11021 www.kissellresearch.com Kissell Research Group Country Cost Index - June 2013 2 Executive
% 38, % 40, % 2,611 2,
3 DECEMBER 6 OPEN ENDED Number of Net Value of Number of Total Value Total Value Net New Date Authorised/Registered Schemes Registered of Sales of Repurchases Investment Schemes ( mn) Holders ( mn) ( mn)
Financial Results for the First Six Months of the Fiscal Year Ending March 31, 2017 [J-GAAP] (Consolidated)
![Financial Results for the First Six Months of the Fiscal Year Ending March 31, 2017 [J-GAAP] (Consolidated)](/thumbs/86/93348926.jpg "Financial Results for the First Six Months of the Fiscal Year Ending March 31, 2017 [J-GAAP] (Consolidated)")
Company Name: Stock exchange listed on: Financial Results for the First Six Months of the Fiscal Year Ending March 31, 2017 [J-GAAP] (Consolidated) Kintetsu World Express, Inc. (KWE) Tokyo Stock Exchange
Financial Institutions Topical Research Series
Financial Institutions Topical Research Series Discount & Online Brokerage Firms: Four Leading Discount Brokerage Firms Expanding their Business Models (Table of Contents) November 29, 2017 TABLE OF CONTENTS
INFORMATION CIRCULAR: DIREXION SHARES ETF TRUST
INFORMATION CIRCULAR: DIREXION SHARES ETF TRUST TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications
Reporting practices for domestic and total debt securities
Last updated: 27 November 2017 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on
Argentina Bahamas Barbados Bermuda Bolivia Brazil British Virgin Islands Canada Cayman Islands Chile
Americas Argentina (Banking and finance; Capital markets: Debt; Capital markets: Equity; M&A; Project Bahamas (Financial and corporate) Barbados (Financial and corporate) Bermuda (Financial and corporate)
All-Country Equity Allocator July 2018
Leila Heckman, Ph.D. lheckman@dcmadvisors.com 917-386-6261 John Mullin, Ph.D. jmullin@dcmadvisors.com 917-386-6262 Allison Hay ahay@dcmadvisors.com 917-386-6264 All-Country Equity Allocator July 2018 A
Financial Results for the Fiscal Year Ended March 31, 2018 [J-GAAP]
![Financial Results for the Fiscal Year Ended March 31, 2018 [J-GAAP]](/thumbs/83/87456247.jpg "Financial Results for the Fiscal Year Ended March 31, 2018 [J-GAAP]")
Company Name: Stock exchange listed on: Financial Results for the Fiscal Year Ended March 31, 2018 [J-GAAP] Kintetsu World Express, Inc. (KWE) Tokyo Stock Exchange (First Section) May 11, 2018 Company
Foreign Account Tax Compliance Act (FATCA)
Foreign Account Tax Compliance Act (FATCA) Andrea Garcia Castelao November 18, 2013 Foreign Account Tax Compliance Act (FATCA) 0 2013 Deloitte Tax LLP FATCA Update Final FATCA regulations were released
As close as you need, as far as you go
As close as you need, as far as you go BBVA, a global group For more than 150 years our clients have been the centre of our business. Now as a highly solvent international financial group we offer clients
Financial Results for the First Three Months of the Fiscal Year Ending March 31, 2018 [J-GAAP] (Consolidated)
![Financial Results for the First Three Months of the Fiscal Year Ending March 31, 2018 [J-GAAP] (Consolidated)](/thumbs/76/73449530.jpg "Financial Results for the First Three Months of the Fiscal Year Ending March 31, 2018 [J-GAAP] (Consolidated)")
Company Name: Stock exchange listed on: Financial Results for the First Three Months of the Fiscal Year Ending March 31, 2018 [J-GAAP] (Consolidated) Kintetsu World Express, Inc. (KWE) Tokyo Stock Exchange
INFORMATION CIRCULAR: DBX ETF TRUST
INFORMATION CIRCULAR: DBX ETF TRUST TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications Department
FedEx International Priority. FedEx International Economy 3
SERVICES AND RATES FedEx International Solutions for your business Whether you are shipping documents to meet a deadline, saving money on a regular shipment or moving freight, FedEx offers a suite of transportation
Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders. Exchange-Traded Fund Symbol CUSIP #
Information Circular: DBX ETF Trust To: From: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications Department
Information Circular: ishares Trust
Information Circular: ishares Trust To: From: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ Listing Qualifications Department BX Listing
EXAMINING REIT JURISDICTIONS, STRUCTURES AND INVESTOR APPETITE ACROSS ASIA PACIFIC MARKETS
PERPETUAL CORPORATE TRUST EXAMINING REIT JURISDICTIONS, STRUCTURES AND INVESTOR APPETITE ACROSS ASIA PACIFIC MARKETS GLEN DOGAN, SENIOR SALES & RELATIONSHIP MANAGER PERPETUAL: 128 YEARS OF HISTORY We are
St. Martin 2013 SERVICES AND RATES
SERVICES AND RATES FedEx International Solutions for your business Whether you are shipping documents to meet a deadline, saving money on a regular shipment or moving freight, FedEx offers a suite of transportation
Balanced Plus Select Portfolio Pn
Factsheet as at : August 25, 2018 Balanced Plus Select Portfolio Pn Fund objective This portfolio aims to provide long-term capital growth while keeping risk in a target volatility range of 10-12% over
KPMG s Individual Income Tax and Social Security Rate Survey 2009 TAX
KPMG s Individual Income Tax and Social Security Rate Survey 2009 TAX B KPMG s Individual Income Tax and Social Security Rate Survey 2009 KPMG s Individual Income Tax and Social Security Rate Survey 2009
WISDOMTREE RULES-BASED METHODOLOGY
WISDOMTREE RULES-BASED METHODOLOGY WISDOMTREE GLOBAL DIVIDEND INDEXES Last Updated March 2018 Page 1 of 12 WISDOMTREE RULES-BASED METHODOLOGY 1. Overview and Description of Methodology Guide for Global
Quarterly Investment Update First Quarter 2017
Quarterly Investment Update First Quarter 2017 Market Update: A Quarter in Review March 31, 2017 CANADIAN STOCKS INTERNATIONAL STOCKS Large Cap Small Cap Growth Value Large Cap Small Cap Growth Value Emerging
INFORMATION CIRCULAR: SPDR INDEX SHARES FUNDS
INFORMATION CIRCULAR: SPDR INDEX SHARES FUNDS TO: FROM: Head Traders, Technical Contacts, Compliance Officers, Heads of ETF Trading, Structured Products Traders NASDAQ / BX / PHLX Listing Qualifications
Division on Investment and Enterprise
Division on Investment and Enterprise Readers are encouraged to use the data in this publication for non-commercial purposes, provided acknowledgement is explicitly given to UNCTAD, together with the reference
International Statistical Release
International Statistical Release This release and additional tables of international statistics are available on efama s website (www.efama.org). Worldwide Regulated Open-ended Fund Assets and Flows Trends
Guide to Treatment of Withholding Tax Rates. January 2018
Guide to Treatment of Withholding Tax Rates Contents 1. Introduction 1 1.1. Aims of the Guide 1 1.2. Withholding Tax Definition 1 1.3. Double Taxation Treaties 1 1.4. Information Sources 1 1.5. Guide Upkeep
Cross-border audit oversight
September 2013 Cross-border audit oversight The equivalence of systems of public oversight, quality assurance, investigation and penalties for the audit profession in the European Union and third countries
Schroder QEP Global Active Value Fund. Interim Short Report 21 June 2016 to 20 December 2016
Schroder QEP Global Active Value Fund Interim Short Report 21 June 2016 to 20 December 2016 Schroder QEP Global Active Value Fund Review of Investment Activities From 20 June 2016 to 20 December 2016,
FTSE Annual Country Classification Review Published: 26 September 2018
FTSE Classification of Markets FTSE Annual Country Classification Review Published: 26 September 2018 Headlines China A to be assigned Secondary Emerging market status commencing June 2019 Iceland to be
Retail Banking and Wealth Management
Retail Banking and Wealth Management Results and Strategy John Flint, Chief Executive, RBWM John Greene, Chief Financial Officer, RBWM March 2013 Forward-looking statements This presentation and subsequent
Offshore financial centers in the Caribbean: How do U.S. banks benefit?
Offshore financial centers in the Caribbean: How do U.S. banks benefit? Michael Brei University Paris Ouest (France) & SALISES, UWI (Trinidad & Tobago) Motivation (I) - The decision of a country not to