MERCHANDISER
Industry Authority Launches ETF GLOBAL INSIGHT
AWARD WINNING ETF authority, Deborah Fuhr, together with her long-established team has formed ETF Global Insight, an independent research and consultancy firm aimed at providing services to the rapidly expanding global Exchange Traded Fund (ETF) industry. The founding partners bring a wealth of ETF
implementation and capital markets experience to the venture. Deborah Fuhr, Shane Kelly and Matthew Murray were instrumental in the development of the first ETF global industry research reports and worldwide handbooks while they were at Morgan Stanley and more recently have been responsible for the development and production of ETF reports and handbooks at BlackRock/ Barclays Global Investors. “Having covered the ETF industry
since 1997 when there were only 21 products and US$21 billion in assets under management I believe that ETFs have been one of the most successful financial products of the past 25 years, bringing investors liquidity, diversification and low-cost access to a wide range of asset classes around the world,” says co-founding partner
Fuhr. “While asset growth in the ETF industry has been tremendous, regulators, investors, ETF managers, brokers, index providers and all of the members of the ETF eco-system have been citing the need for more and better independent education, research and customised assistance to investors seeking to navigate the vast array of products. ETF Global Insight has been set up to provide this service across the globe.” Fuhr added: “The need for independent research
and assistance in navigating the ETF landscape is even greater today than at any time in the past ten years. Across North America, Europe, Asia, and Latin America, there are exciting opportunities to bring ETFs to more investors in more countries with quality tools and research that serve their requirements. We believe the industry will see significant change as investors and regulators demand greater transparency, clarity and information which will benefit investors globally.” ETF Global Insight is a passionate
advocate of the value proposition offered to investors by the ETF product category which has grown from less than $25 billion of assets globally in 1997 to more than $1,500 billion at the end of January 2012.
Deborah Fuhr
Trading of World’s first global Black Pepper Futures debuts successfully
Singapore Mercantile Exchange (SMX) has successfully commenced trading and settlement of the world’s first global exchange traded futures contract for Black Pepper. The contract which went live on the February 10th
commodities arena and was the first Asia-centric agricultural commodity futures on the exchange. With over 1,100 tonnes of the Black Pepper futures
traded on the first day, there has been active trading interest from some of the key global physical market players in Black Pepper. The launch of the contract has been enthusiastically received in the key Black Pepper producing markets of Vietnam, Indonesia and India among others say SMX. The origin neutral 550 g/l grade
Black Pepper is physical deliverable at Ex-Approved Bonded Warehouse in Binh Duong Province Vietnam. The Exchange has designated C. Steinweg Warehousing (F.E.) Pte Ltd
18 March 2012 www.@
etfgi.com
heralded SMX’s foray into the agricultural
as the Approved Bonded Warehouse in Vietnam and SGS Vietnam Ltd as the Approved Inspector for the Black Pepper futures contract. The Exchange has initially launched four consecutive monthly contracts with expiries in March, April, May and June 2012. “This is well placed to capture the upcoming arrival season of Black Pepper in Vietnam starting from end of February,” say SMX. The contract will be traded Monday to Friday 1000
to 2000 SGT. Based on the historical volatility in the commodity, the contract currently attracts a minimum initial margin of 7.5%. SMX’s new CEO Mr. V Hariharan said, “We are extremely pleased with the initial response to the Black Pepper futures contract. We are confident this contract will set a global price benchmark. Since the announcement of the contract we have received overwhelming membership interest from most of the major global spice trading companies, whose applications are now at different stages of activation.”
www.smx.com.sg
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