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Tuesday, February 12, 2013

Chile's copper exports off to a good start in 2013

Metals - Chile

Chile's copper exports off to a good start in 2013
By Alexandra Demo-Dananberg - Tuesday, February 12, 2013

Chilean copper exports increased 8.52% to US$3.47bn in January, compared to US$3.20bn during the same month in 2012, according to figures compiled by the central bank.

http://www.bnamericas.com/news/metals/chiles-copper-exports-off-to-a-good-start-in-2013

Carbon Markets Threatened If EU Backload Plan Fails, CEPS Says

Carbon Markets Threatened If EU Backload Plan Fails, CEPS Says
By Mathew Carr

Europe will struggle to convince the rest of the world that carbon trading is the best way to tackle climate change if a plan to revive the price of the region’s permits fails, said the Centre for European Policy Studies.

High-Yield Bond ETFs: Too Risky After Big Rally?

Market Insight: Are High-Yield Bond ETFs Getting Too Risky?

Hello. Today, we are reviewing an insightful piece from ETF Trends that asks a critical question: Have high-yield bond ETFs become too dangerous for investors after their massive rally?

The article points out a shifting tide in the junk bond market. After a long period of attracting yield-hungry investors, these high-yield ETFs are starting to lose momentum and are currently slipping toward key technical support levels.

A major red flag comes from Moody's, which notes that the safety covenants on these junk bonds have plummeted to all-time lows. This essentially means lenders have fewer protections if a company defaults. To make matters worse, investors are not being rewarded for taking on this extra risk. Because so many people are eager to buy these bonds, the extra yield they offer over safer investments has shrunk dramatically.

Looking at the charts, popular funds like HYG and JNK are teetering on their 50-day moving averages. If they fall below this line, we could see a deeper correction. For years, junk bonds offered the "best of both worlds"—a nice steady income combined with price appreciation driven by easy money from central banks. But today, with yields bottoming out around 6%, they are fully priced and have lost their upside potential.

Ultimately, the article warns that the Federal Reserve's low-interest-rate policy has forced investors into increasingly risky territory. With record-low safety protections and compressed yields, the high-yield bond market is flashing warning signs that shouldn't be ignored.

Sourced from ETF Trends: "High-Yield Bond ETFs: Too Risky After Big Rally?"
Read the full article here

Freeport LNG signs liquefaction tolling agreement with BP

Freeport LNG signs liquefaction tolling agreement with BP
February 11, 2013
By PennEnergy Editorial Staff
Source: Freeport LNG

Freeport LNG Expansion, L.P. (Freeport LNG) today announced that it had entered into a binding 20-year Liquefaction Tolling Agreement (LTA) with BP for 4.4 million tons per annum (mtpa), equivalent to the production capacity of the second train of Freeport LNG's proposed natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas. The LTA with BP will commence upon completion of construction of the second liquefaction train.

http://www.pennenergy.com/articles/pennenergy/2013/02/freeport-lng-signs-liquefaction-tolling-agreement-with-bp.html

Friday, February 8, 2013

Global Carbon Market Value Drops 35 Percent

February 7, 2013

Global Carbon Market Value Drops 35 Percent

The value of global carbon markets fell 35 percent to €62 billion ($84 billion) in 2012, largely due to an oversupply of credits, according to analysis from Thomson Reuters Point Carbon.

Vacancy rates a tale of two cities

Vacancy rates a tale of two cities

February 7, 2013
Carolyn Cummins
Commercial Property Editor

The lack of new buildings in Sydney and too many in Melbourne has led to a dramatic difference in office vacancy rates since July last year.

http://news.domain.com.au/domain/real-estate-news/vacancy-rates-a-tale-of-two-cities-20130207-2dzt2.html

Institutional Investors in Real Estate Target Debt Funds

Thursday, February 07, 2013 2:22:08 PM
Institutional Investors in Real Estate Target Debt Funds

Debt funds are being featured more prominently in the private real estate industry, data firm Preqin has claimed.

(February 7, 2013) -- Institutional investors are increasingly interested in the value that real estate debt can add to their existing portfolios, Preqin has revealed.

According to the data firm, a growing number of institutions believe that these funds can generate returns with a lower level of risk than equity investments in real estate. Consequently, a significant number of investors plan to commit to funds with a debt strategy in 2013.

http://www.ai-cio.com/channel/NEWSMAKERS/Institutional_Investors_in_Real_Estate_Target_Debt_Funds.html

Thursday, February 7, 2013

The Real Estate Debt Fund Market - February 2013

The Real Estate Debt Fund Market - February 2013

Recent years have seen debt funds feature more prominently in the private real estate industry, with many firms diversifying their businesses to include specialist debt platforms and a growing number of fund managers incorporating the acquisition or origination of real estate debt into their existing investment strategies. As the availability of bank financing has fallen in the US and Europe, many fund managers, alongside other non-traditional lenders, are increasingly stepping in to help fill the funding gap.

https://www.preqin.com/blog/101/6189/re-debt-fund-market

Wednesday, February 6, 2013

70 per cent of London offices sold in 2012 went to foreign buyers

70 per cent of London offices sold in 2012 went to foreign buyers

05 February 2013

Today Knight Frank unveiled its latest analysis and forecasts for the central London office market at the Dorchester Hotel. Key points were:

http://www.knightfrank.com/news/70-per-cent-of-london-offices-sold-in-2012-went-to-foreign-buyers-01595.aspx