Janus Henderson Investors Launches ETF on SIX Swiss Exchange
May 1, 2025--Janus Henderson Investors has become issuer of actively managed Exchange Traded Funds (ETF) on SIX Swiss Exchange.
This addition aims to provide further choice to investors.
With Janus Henderson Investors, SIX welcomes its "18th issuer of active ETFs and 30th ETF issuer overall on the Swiss stock exchange."
With their first product, the Janus Henderson Tabula EUR AAA CLO UCITS ETF (EUR) Acc, investors now have access to "a total of 1,989 ETFs."
" Liquidity will be provided "by the market maker RBC Europe Limited."
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Source: crowdfundinsider.com
Goldman Sachs AM launches active equity ETF range in Europe
May 1, 2025--The move forms part of the clearinghouse's drive to offer clearing across a range of asset classes and follows the recent launch of Cboe's European SFTs clearing service in March 2025.
Cboe Clear Europe has expanded its clearing services to include cryptocurrency-backed exchange-traded products (ETPs).
The expansion follows recent regulatory approval, and forms part of the clearinghouse's push to become one of Europe's leading multi-asset class central counterparty clearinghouses (CCPs).
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Source: thetradenews.com
ESMA report shows increased data use across EU and first effects of reporting burden reduction efforts
April 30, 2025--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, published today the fifth edition of its Report on the Quality and Use of Data. The report reveals how the regulatory data collected has been used by authorities in the EU and provides insight on actions taken to ensure data quality.
The document presents concrete cases on data use ranging from market monitoring to supervision, enforcement and policy making. A recent example includes how ESMA reutilises existing data to support reporting burden reduction (i.e. use of MIFIR transaction data to perform the transparency and volume cap calculations).
The report highlights ESMA's Data Platform and ongoing improvements to data quality frameworks as key advancements in tools and technology for data quality.
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Source: ESMA
ECB-Monetary developments in the euro area: March 2025
April 29, 2025--Annual growth rate of broad monetary aggregate M3 decreased to 3.6% in March 2025 from 3.9% in February (revised from 4.0%)
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 3.8% in March from 3.4% in February (revised from 3.5%)
Annual growth rate of adjusted loans to households increased to 1.7% in March from 1.5% in February
Annual growth rate of adjusted loans to non-financial corporations increased to 2.3% in March from 2.1% in February (revised from 2.2%)
Components of the broad monetary aggregate M3
The annual growth rate of the broad monetary aggregate M3 decreased to 3.6% in March 2025 from 3.9% in February, averaging 3.7% in the three months up to March. The components of M3 showed the following developments. The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased to 3.8% in March from 3.4% in February. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 1.5% in March from 2.0% in February. The annual growth rate of marketable instruments (M3-M2) decreased to 11.3% in March from 18.0% in February.
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Source: ECB
Amundi: Results for the First quarter of 2025- Record inflows at +31bn Euros
April 29, 2025--Assets under management1 at an all-time high of €2.25tn at end of March 2025, +6% year-on-year
Highest quarterly net inflows since 2021, at +€31bn in Q1
+€37bn in medium-to long-term assets excluding JVs, new quarterly record
Positive inflows in active management (+€6bn)
Strong ETF net inflows and gain of a big ESG equity index mandate with The People's Pension (UK): +€21bn
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Source: Amundi
Euro area economic and financial developments by institutional sector: fourth quarter of 2024
April 28, 2025--Euro area net saving was broadly unchanged at €838 billion in 2024, compared with four quarter period ending on third quarter of 2024
Household debt-to-income ratio decreased to 82.1% in 2024 from 85.0% one year earlier
Non-financial corporations' debt-to-GDP ratio (consolidated measure) decreased to 67.2% in 2024 from 68.7% one year earlier
Total euro area economy
Euro area net saving was broadly unchanged at €838 billion (6.9% of euro area net disposable income) in 2024 compared with the four quarter period ending on the third quarter of 2024. Euro area net non-financial investment decreased to €434 billion (3.6% of net disposable income), due to decreased investment by households and non-financial corporations which more than offset increased net investments by financial corporations and general government (see Chart 1).
Euro area net lending to the rest of the world was broadly unchanged at €431 billion reflecting the broadly unchanged net saving and the decrease in net non-financial investment being broadly matched by a decrease in net capital transfers. Net lending of non-financial corporations decreased to €173 billion (1.4% of net disposable income) from €202 billion while that of financial corporations was unchanged at €147 (1.2% of net disposable income). Net lending by households increased to €579 billion (4.8% of net disposable income) from €574 billion. Net borrowing by general government decreased, contributing less negatively to euro area net lending (-€469 billion or ‑3.9% of net disposable income, after -€489 billion).
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Source: ECB
ECB may cut rates below neutral, Rehn says
April 28, 2025--Finnish governor wants 'freedom of action'
Says banks need 'sturdy' capital buffers
The European Central Bank may cut interest rates below the neutral level that keeps the economy in balance, ECB policymaker Olli Rehn said on Monday, adding that that euro zone inflation may come in lower than expected as a result of U.S. tariffs.
The ECB cut its benchmark rate to 2.25% earlier this month, reaching the upper range of the 1.75%-2.25% range it sees as neutral, and governors are becoming more confident about a further reduction in June.
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Source: reuters.com
The critical role of ETFs in providing liquidity and facilitating price discovery amid market stress
April 28, 2025--
KEY POINTS
Net positive inflows into Core ETFs in the days following 'Liberation Day' demonstrate broad investor demand for trading solutions offering good liquidity
There was wide dispersion within the ETF industry, however, as the flight to safety saw investors allocate in favour of low-risk credit and government bond ETFs
Active ETFs with more flexibility to navigate volatility also benefitted at the expense of passive exposures
US President Donald Trump announced a wave of new tariffs on 2 April, which he branded ‘Liberation Day’, arguing they would help boost the US economy. At this stage, uncertainty around trade policy, global growth, and inflation remains very high. It is impossible to predict exactly when markets will start to stabilise, and this has triggered a huge increase in volatility across financial markets globally. This uncertainty is highlighted by the Cboe Volatility Index (VIX), which recently closed at its highest level since April 2020, during the early months of the Covid-19 pandemic.
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Source: axa-im.co.uk
Goldman Sachs AM launches active equity ETF range in Europe
April 28, 2025--The US giant brings its quantitative equity range to the continent's ETF market.
Goldman Sachs Asset Management (GSAM) is adding to its European Ucits ETF offering with the launch of a five-strong quantitative active equity range.
The first to be launched is the Goldman Sachs Alpha Enhanced US Equity Active Ucits ETF (GQUS). The fund has a total expense ratio of 0.20%.
The upcoming range, which is expected to be launched within six weeks, will include strategies offering exposure to global, European, Japanese, and emerging market equities.
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Source: citywire.com
ETF and ETP listings on 24 April 2025: new on Xetra and Boerse Frankfurt
April 25, 2025--The iShares Global Aerospace & Defence UCITS ETF invests in stocks of companies from developed markets that belong to the aerospace and defense sector. The commitment includes manufacturers of civil or military aerospace and defense equipment, related spare parts or products, defense electronics and space equipment.
Active ETFs with more flexibility to navigate volatility also benefitted at the expense of passive exposures
US President Donald Trump announced a wave of new tariffs on 2 April, which he branded ‘Liberation Day’, arguing they would help boost the US economy. At this stage, uncertainty around trade policy, global growth, and inflation remains very high. It is impossible to predict exactly when markets will start to stabilise, and this has triggered a huge increase in volatility across financial markets globally. This uncertainty is highlighted by the Cboe Volatility Index (VIX), which recently closed at its highest level since April 2020, during the early months of the Covid-19 pandemic.
Name:iShares Global Aerospace & Defence UCITS ETF USD (Acc)
Product family: iShares Asset class:Equity ETF
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Source: Xetra