Nyheter

Global investor sentiment at a turning point…

Publicerad

10 år sedan

den

23 februari, 2016

Redaktionen

Commodity Monthly Monitor – Global investor sentiment at a turning point…

Your reference guide to commodity markets. Includes the latest outlook for each commodity sector and major developments for individual commodities.

Summary

Early evidence suggests that market volatility could be moderating in line with a lift in investor sentiment, but it is very early days.
The future of oil prices is tied to Saudi Arabia and Russia cooperation in reducing production.
Weak currencies and rising production weighs on agricultural sector.
Gold’s gains capped as volatility moderates and risk aversion recedes.
Can mining CAPEX cuts and weaker US Dollar continue to buoy industrial metals prices?

Download the complete report (.pdf)

Summary

Early evidence suggests that market volatility could be moderating in line with a lift in investor sentiment, but it is very early days. The direction of oil prices has been leading many asset class moves and as a result, the volatility of oil prices can be informative. Although oil volatility is at the highest level since December 2015, the pace of increase is declining, indicating the market could be on the verge of more stable trading conditions. A more stable market would give the green light for rising investor risk appetite, and a less defensive stance for portfolios.

Somewhat counterintuitively, softer economic data is providing some buoyancy to cyclical assets as investors anticipate that central banks will keep policy extremely accommodative. That means keeping rates on hold in coming months for the US Federal Reserve and rates moving further into negative territory for the European Central Bank. Accordingly, currency movements are a critical input to the investment decision process for foreign assets, and with our expectation of a weaker US Dollar in 2016, this will change the dynamics of commodity investing. These dynamics are nowhere more pronounced than in the precious metals sector: a potentially more positive risk environment is being countered and likely to be more than offset by a weaker USD, coupled low real interest rates and finely balanced investor sentiment.

The future of oil prices is tied to Saudi Arabia and Russia cooperation in reducing production. The oversupply on the global oil market continued to weigh on oil prices, also driving equity benchmarks around the world downward. Recent major producers’ agreement to freeze production has been welcome positively from the market. However more need to be done to absorb the excess supply and support prices this year. The WTI contango suggests $39/bbl by end of the year, with the curve having flattened considerably and below our fair value range of $46-70/bbl.

Weak currencies and rising production weighs on agricultural sector. Agriculture fell by 1.2% as increased USDA grain production forecasts weighed on prices. Weak currencies in producer countries continue to put downward pressure on agricultural commodity prices, such as sugar for example. However, we expect a rebound in cocoa prices as poor weather conditions have not been factored into current prices.

Gold’s gains capped as volatility moderates and risk aversion recedes. A defensive investor stance continues to keep gold (and silver) well supported, but that could change as volatility moderates. Gold and silver are by far the best performing commodities within the complex in 2016. Gold continues to hover around the US$1200/oz level, off the recent highs above US$1260/oz, but a modestly firmer US Dollar and early signs of a US equity market revival has capped gains.

Can mining CAPEX cuts and weaker US Dollar continue to buoy industrial metals prices? Industrial metals were buoyed by a confluence of factors namely – the weaker US dollar, a sway of announcements of production cuts by miners and the shift in focus to underlying fundamentals once again. Infrastructure needs of emerging economies favour demand while mine closures undermine supply. We continue to favour industrial metals

For more information contact:
ETF Securities Research team
ETF Securities (UK) Limited
T +44 (0) 207 448 4336
E info@etfsecurities.com

Important Information

This communication has been provided by ETF Securities (UK) Limited (“ETFS UK”). ETFS UK is authorised and regulated by the United Kingdom Financial Conduct Authority (the “FCA”).

This communication is only targeted at qualified or professional investors.

Liknande ämnen:ETF Securities råvaror

Nästa

Räkna inte ut bankerna

Missa inte

Brasiliens kreditbetyg allt lägre

Fortsätt läsa

Annons

Klicka för att kommentera

Nyheter

JGBL ETF är en aktivt förvaltad portfölj av aktier i globala företag

Publicerad

18 timmar sedan

den

1 maj, 2026

Redaktionen

Janus Henderson Global Research-Engineered Equity Active Core UCITS ETF USD Acc (JGBL ETF) med ISIN IE000Y3FZEN4, strävar efter att överträffa indexreferensvärdet på lång sikt genom att investera i en aktivt förvaltad portfölj av aktier och/eller depåbevis utfärdade av globala företag.

Den nuvarande tillgångsstorleken är 8 miljoner USD. Den börshandlade fonden är aktivt förvaltad.

Den börshandlade fondens TER (total expense ratio) uppgår till 0,30 % per år. ETFen replikerar det underliggande indexets resultat fysiskt. Utdelningarna i ETFen ackumuleras och återinvesteras.

Denna ETF lanserades den 21 oktober 2025 och har sitt säte på Irland.

Investeringsprocess

Fonden kommer att investera minst 80 % av sina tillgångar i aktier eller depåbevis utfärdade av globala företag på utvecklade marknader. Den kan också investera upp till 15 % av sina tillgångar i aktier och/eller depåbevis från företag på tillväxtmarknader.

Fonden kan investera i företag av alla storlekar inom alla branscher. Den kommer vanligtvis att ha 125–275 innehav (och förväntas inte ha färre än 125 innehav).

Fonden kan också inneha kontanter. Den kan använda derivat i syfte att säkra/riskreducera.

Fonden kan tillfälligt investera utanför dessa riktlinjer vid hantering av teckningar, inlösen, för likviditetshantering eller i defensiva syften, inklusive att navigera i ovanliga marknadsförhållanden.

Investeringsmål

ETFen kombinerar expertinsikter från Janus Hendersons analysteam med benchmarkmedveten portföljkonstruktion. Våra mycket erfarna analytiker utför djupgående fundamental forskning och samarbetar i stor utsträckning inom sina sektorteam för att generera investeringsinsikter. Dessa insikter matas in i en portföljoptimeringsprocess som är utformad för att betona aktieurval och minimera oavsiktlig risk. Processen innefattar även robusta ESG-exkluderingar och en allokering på minst 15 % till hållbara investeringar (SFDR artikel 8). Resultatet är en diversifierad och i stort sett sektorneutral portfölj, med ett mål för spårningsfel på 1,25–1,75 % i förhållande till MSCI World Index.

Handla JGBL ETF

Janus Henderson Global Research-Engineered Equity Active Core UCITS ETF USD Acc (JGBL ETF) är en europeisk börshandlad fond (ETF) som handlas på Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel Nordnet, SAVR, DEGIRO och Avanza.

Börsnoteringar

Börs	Valuta	Kortnamn
London Stock Exchange	USD	JGBL
Xetra	EUR	JGBL

Fortsätt läsa

Nyheter

Bitcoin for beginners: 4 things to know before investing

Publicerad

19 timmar sedan

den

1 maj, 2026

Redaktionen

What is Bitcoin and should you invest? In this video, Dan from 21shares breaks down the 4 things every investor needs to know about Bitcoin – including what it is, why people buy it, how it fits in a portfolio, and how to get exposure.

Whether you’re new to Bitcoin or exploring it for the first time as part of your investment strategy, this beginner-friendly guide covers everything in plain English.

0:00 Introduction

0:32 What is Bitcoin?

2:22 Why invest in Bitcoin?

2:45 Bitcoin scarcity: only 21 million

3:41 Bitcoin vs government Control

4:17 Who is buying Bitcoin?

6:00 How does Bitcoin fit in a portfolio?

7:03 How to invest in Bitcoin

7:18 Bitcoin ETF vs self custody

9:30 Risks of investing in Bitcoin

9:49 Bitcoin summary

Learn more at https://21shares.com

Connect with us today

If you have any questions or want to discuss a product in detail, please visit our website at www.21shares.com

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

Fortsätt läsa

Nyheter

ESAQ ETF spårar MSCI USA Index

Publicerad

20 timmar sedan

den

1 maj, 2026

Redaktionen

BNP Paribas Easy MSCI USA UCITS ETF USD Acc (ESAQ ETF) med ISIN IE000CPT8DH7, syftar till att följa MSCI USA-indexet. MSCI USA-indexet följer de ledande aktierna på den amerikanska marknaden.

Den börshandlade fondens totala kostnadskvot (TER) uppgår till 0,04 % per år. ETFen replikerar det underliggande indexets utveckling genom fullständig replikering (genom att köpa alla indexkomponenter). Utdelningarna i ETFen ackumuleras och återinvesteras.

BNP Paribas Easy MSCI USA UCITS ETF USD Acc är en mycket liten ETF med 15 miljoner euro i förvaltningstillgångar. Denna ETF lanserades den 14 januari 2026 och har sitt säte i Irland.

Handla ESAQ ETF

BNP Paribas Easy MSCI USA UCITS ETF USD Acc (ESAQ ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel Nordnet, SAVR, DEGIRO och Avanza.