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Profit taking in precious metals but contrarian inflows into cocoa and oil

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8 år sedan

den

25 april, 2017

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Weekly Flows Analysis Profit taking in precious metals but contrarian inflows into cocoa and oil Profit taking on precious metals after last week’s strong

ETF Securities Weekly Flows Analysis – Profit taking in precious metals but contrarian inflows into cocoa and oil

Profit taking on precious metals after last week’s strong rally.
Opportunistic inflows into crude oil ETPs as oil prices corrected last week.
8th straight week into cocoa ETPs as spot prices hit a 4-year low USD shorts are building.

Profit taking in precious metals. With gold almost reaching our target price for the year (US$1,300/oz by mid-year), we saw outflows of US$-30 mn from gold ETPs. The escalation of tensions in Syria, North Korea as well as uncertainty of the outcome of the French elections have driven inflows in previous weeks. Year-to-date, we have seen more than US$600mn into our gold ETPs, with almost US$80mn in the last month. Gold prices could continue to see support as the market probability for further Federal Reserve (Fed) action in June has fallen below 50% and inflation expectations / bond yields continue to fall.

USD shorts are building. Following recent disappointment in both US soft data (such as manufacturing PMIs) and hard data (CPI inflation), as well as the lack of any forecast upgrades from the latest Fed meeting, we have seen inflows into short USD ETPs of US$16mn over the last one month.

Crude ETPs receive inflows as oil prices fell on disappointing US inventory data. U.S. oil prices fell nearly -4% last Wednesday to US$50.28 per barrel as US inventories declined less than expected. On the back of this we saw US$14mn inflows into crude oil ETPs. We continue to see oil range bound: expectations that OPEC could announce another production cut at their 25th May meeting could provide support, however, the continued backlog of crude in the US is likely to exert downward pressure.

Continued selling of European equities and buying of EUR. Similar to last week’s flows, we saw buying of long EUR ETPs (US$ 5mn) despite the French elections over the weekend. In the equity space, we also saw buying of FTSE100 ETPs (US$ 5 inflows) as UK equities corrected last week following the announcement of a snap General election in June.

8th straight week of inflows into cocoa ETPs: US$60mn inflows YTD Cocoa hit a fresh 4-year low in both London and New York last week. The rise in the UK currency on the general election announcement last week contributed to the selling as cocoa traded in London is priced in sterling. Worries about supplies in the Ivory Coast, the leading producer, also weighed on prices. Cocoa’s 42 percent slump over the last 12 months makes it one of the worst performing commodities this year, however, investor sentiment may be getting less bearish as speculative net short positions on CFTC exchange have fallen.

For more information contact

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

Important Information

General

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

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2025 Crypto Investment Outlook

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9 timmar sedan

den

3 december, 2024

Redaktionen

2025 Crypto Investment Outlook The plan is to fan this spark into a flame. This line from the Broadway play Hamilton has been on my mind as I reflect on 2024. Just as Hamilton’s ambition drove him to seize his moment during the independence of the United States, we believe crypto’s moment has arrived.

The plan is to fan this spark into a flame. This line from the Broadway play Hamilton has been on my mind as I reflect on 2024. Just as Hamilton’s ambition drove him to seize his moment during the independence of the United States, we believe crypto’s moment has arrived.

Since 2018, our team has been dedicated to helping investors understand how this crypto “spark” has transformed into a powerful flame of innovation and investment opportunity. And 2024 might be remembered as the year that flame burned the brightest. The year was marked by two pivotal milestones for our industry: the approval of bitcoin ETFs at the start of the year and the election of a pro-crypto US president and Congress.

In between, we witnessed other critical developments. Large public pension plans allocated to crypto ETFs, major financial institutions advanced tokenization initiatives, and governments across the globe moved toward more fully embracing blockchain technologies.

2024 was also a landmark year for Hashdex. From launching the Hashdex Bitcoin ETF in the US, to seeing our Hashdex Nasdaq Crypto Index Europe ETP become the largest multi-asset crypto ETP in Europe¹, to expanding institutional channels across Latin America’s traditional finance sector, our achievements have solidified our position and prepared us to navigate the current bull market that is taking shape.

Bitcoin and other crypto assets are closing out 2024 with a unique opportunity to deliver on their promise of an open, transparent, and accessible economy. As part of our commitment to empowering investors, we’ve compiled the Hashdex 2025 Crypto Investment Outlook, analyzing the most significant developments that we believe will shape the crypto asset invest- ment landscape in the coming year and beyond.

As we enter this new mainstream era for crypto, our team remains as dedicated as ever to ensuring that investors don’t miss this opportunity.

We’re grateful for your trust and look forward to serving you in the months and years ahead.

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IAEX ETF investerar i holländska aktier

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10 timmar sedan

den

3 december, 2024

Redaktionen

iShares AEX UCITS ETF (IAEX ETF) med ISIN IE00B0M62Y33, strävar efter att spåra AEX®-index. AEX®-indexet följer de 25 största och mest omsatta aktierna på den holländska aktiemarknaden.

Den börshandlade fondens TER (total cost ratio) uppgår till 0,30 % p.a. iShares AEX UCITS ETF är den billigaste och största ETF som följer AEX®-index. ETFen replikerar det underliggande indexets prestanda genom full replikering (köper alla indexbeståndsdelar). Utdelningarna i ETF:n delas ut till investerarna (kvartalsvis).

iShares AEX UCITS ETF är en stor ETF med tillgångar på 653 miljoner euro under förvaltning. Denna ETF lanserades den 18 november 2005 och har sin hemvist i Irland.

Varför IAEX?

Riktad exponering mot de mest omsatta holländska aktierna

Direktinvestering i 25 företag, noterade i Nederländerna

Exponering för enstaka länder

Investeringsmål

Fonden strävar efter att följa utvecklingen av ett index som består av 25 av de största nederländska företagen noterade på NYSE Euronext Amsterdam.

Handla IAEX ETF

iShares AEX UCITS ETF (IAEX ETF) är en börshandlad fond (ETF) som handlas på Euronext Amsterdam.

Euronext Amsterdam är en marknad som få svenska banker och nätmäklare erbjuder access till, men DEGIRO gör det.

Börsnoteringar

Börs	Valuta	Kortnamn
London Stock Exchange	GBX	IAEX
gettex	EUR	IUSJ
BATS Chi-X Europe	EUR	IAEX
Euronext Amsterdam	EUR	IAEX
SIX Swiss Exchange	EUR	IAEX

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VPYT ETN spårar priset på kryptovalutan PYTH

Publicerad

11 timmar sedan

den

3 december, 2024

Redaktionen

Utnyttja kraften i marknadsdata i realtid med tillförlitligheten hos ett decentraliserat orakelnätverk. Pyth tillför finansiell information med hög kvalitet till blockkedjan, vilket möjliggör mer exakta och effektiva DeFi-applikationer. VanEck Pyth ETN (VPYT ETN) är ett fullständigt säkerställt börshandlat certifikat som investerar i PYTH-token.

100 % uppbackad av PYTH Token
Förvaras hos en reglerad kryptodepå, med kryptoförsäkring (upp till ett begränsat belopp)
Kan handlas som en ETF på reglerade börser (om än inom ett annat segment)

Volatilitetsrisk

Handelspriserna för många digitala tillgångar har upplevt extrem volatilitet under de senaste perioderna och kan mycket väl fortsätta att göra det. Digitala tillgångar har bara introducerats under det senaste decenniet och klarhet i regelverket är fortfarande svåröverskådlig i många jurisdiktioner.

Produktinformation

Underliggande index	MarketVector™ Pyth Network VWAP Close Index (MVPYTHV Index).
Basvaluta	USD
Custodian	Bank Frick & Co. AG
Hemvist	Liechtenstein
Indexleverantör	MarketVector Indexes GmbH
Förvaltare	VanEck ETP AG
Lanseringsdatum	30 oktober 2024
Replikeringsmetod	Fysisk (Fullständig replikering)
Förvaltningsavgift	1,50 %
UCITS-kompatibel	Nej
UCITS Kvalificerade	Ja
ISIN	DE000A4A5Z07
WKN	A4A5Z0