Europe ETF News for the Past Year
Euro area economic and financial developments by institutional sector: second quarter of 2024
October 29, 2024--As of October 2024, ECB quarterly financial accounts provide more details on loans by counterpart sector granted by other financial institutions (OFIs) and information on debt securities issuance of non-financial corporations (NFCs) via financing conduits. OFIs are creditors of 23% of loans granted to NFCs by financial sector
Euro area net saving increased to €795 billion in four quarters to second quarter of 2024, compared with €787 billion one quarter earlier
Household debt-to-income ratio decreased to 83.4% in second quarter of 2024 from 87.8% one year earlier
NFCs' debt-to-GDP ratio (consolidated measure) decreased to 69.3% in second quarter of 2024 from 71.8% one year earlier
New details on other financial institutions and the financing of other sectors
As of October 2024, the quarterly sector accounts published by the ECB provide more detailed financial accounts data on OFIs, which constitute the second largest financial sector in the euro area after monetary financial institutions (MFIs). OFIs mainly provide financing to NFCs and to a lesser extent to households and other sectors. They also channel funds to and from the rest of the world.
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Source: ECB
Monetary developments in the euro area: September 2024
October 25, 2024-- Annual growth rate of broad monetary aggregate M3 increased to 3.2% in September 2024 from 2.9% in August
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was-1.2% in September, compared with -2.1% in August
Annual growth rate of adjusted loans to households stood at 0.7% in September, compared with 0.6% in August
Annual growth rate of adjusted loans to non-financial corporations increased to 1.1% in September from 0.8% in August
Components of the broad monetary aggregate M3
The annual growth rate of the broad monetary aggregate M3 increased to 3.2% in September 2024 from 2.9% in August, averaging 2.8% in the three months up to September. 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, was -1.2% in September, compared with ‑2.1% in August. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 9.7% in September from 10.4% in August. The annual growth rate of marketable instruments (M3-M2) decreased to 21.8% in September from 22.3% in August.
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Source: ECB
WisdomTree Merger-UK Equity Income in to UK Quality Dividend Growth-De-listing notice
October 24, 2024--The Directors of the ICAV wish to announce that they have applied to the London Stock Exchange to delist the shares of WisdomTree UK Equity Income UCITS ETF (ISIN: IE00BYPGTJ26), being a Sub-Fund of the ICAV.
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Source: WisdomTree Issuer ICAV
IMF Regional Economic Outlook for Europe: A Recovery Short of Europe's Full Potential
October 24, 2024--Europe's economy is recovering, benefiting from a strong crises' response. Yet, the recovery is falling short of its full potential. Uncertainty about persistent core inflation, policy directions, and geopolitical conflicts, is dampening the near-term outlook. In the longer term, perennially weak productivity growth-a result of limited scale and business dynamism-amid new headwinds from fragmentation and climate change are holding back growth potential.
Steady macro policies are needed to navigate an uncertain environment. This requires transitioning to a neutral monetary policy stance and reducing fiscal deficits without jeopardizing the recovery. Policymakers also need to tackle barriers to higher potential growth. A larger and more integrated single market for goods, services, and capital will incentivize investment, innovation, and generate scale benefits. Deepening European integration will also strengthen economic resilience by insulating businesses and labor markets from global fragmentation pressures. These are formidable policy challenges, but now is the time to bring Europe to its full potential.
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Source: imf.org
New share class from AXA IM on Xetra: targeted exposure to short-term U.S. government bonds with distributing interest income
October 24, 2024--Since Thursday, a new share class from AXA Investment Managers has been tradable on Xetra and Börse Frankfurt.
The AXA IM ICE US Treasury 0-1Y UCITS ETF pursues a passive investment strategy and tracks the performance of the ICE BofA 0-1 Year US Treasury Index. The Fund invests in US government debt securities denominated in US dollars with a maturity of less than one year.
The fund must invest in at least six different bonds; the corresponding weighting may not exceed 30 per cent of net assets.
It is a distributing share class in which the interest income is issued to investors. The running costs are 0.07 per cent. The ETF can be traded in both euros and US dollars, in accordance with the relevant ticker.
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Source: Xetra
Citigroup unveils plan to power active ETF surge in Europe
October 24, 2024--The US bank plans to capitalise on its wide range of in-house services with white-label platform
Citigroup is launching a European exchange traded fund platform to help third-party managers enter the rapidly growing sector.
The move by the third-largest US bank to create a "white label" platform threatens to shake-up a sector dominated by smaller specialist players, even after Goldman Sachs became the first big-name entrant to the platform sector when it launched its ETF Accelerator last year.
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Source: ft.com
New on Xetra: Equity ETF from iShares offers access to US companies with a high ESG rating
October 23, 2024--Since Wednesday, a new exchange-traded fund issued by iShares has been tradable on Xetra and Börse Frankfurt.
The iShares MSCI USA Leaders UCITS ETF tracks the performance of the MSCI USA Leaders Select Index. Investors gain access to large and medium-sized companies from the USA that are included in the MSCI USA Index.
Only companies that have a high ESG rating compared to the peer group in the same industry are considered.
Companies from controversial sectors, such as tobacco, weapons or thermal coal are excluded, as are those that violate the principles of the UN Global Compact.
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Source: Xetra
New on Xetra: Franklin Templeton equity ETFs offer access to emerging markets
October 23, 2024--Since Wednesday, two new exchange-traded funds issued by Franklin Templeton have been tradable via Xetra and Börse Frankfurt.
The Franklin FTSE Emerging Markets UCITS ETF tracks the performance of the FTSE Emerging Markets Index and provides investors access to companies based in emerging markets.
The index currently includes more than 2,200 companies from various industries in 23 countries. China (31 per cent), India (23 per cent) and Taiwan (19 per cent) are among the most strongly represented countries.
The Franklin FTSE Emerging ex China UCITS ETF allows investors to invest in large and medium-sized companies from emerging markets excluding China. The fund tracks the performance of the FTSE Emerging ex China Index. The index is composed of around 1,000 companies, with India and Taiwan being the largest constituents with 33 per cent and 27 per cent respectively.
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Source: Xetra
New on Xetra: Active ETFs from Fidelity offer access to high-yield euro and US dollar corporate bonds with a rating below investment grade
October 23, 2024--Since Wednesday, three new Active Exchange Traded Funds issued by Fidelity have been tradable via Xetra and Börse Frankfurt.
The Fidelity Sustainable EUR High Yield Bond Paris-Aligned Multifactor UCITS ETF and the Fidelity Sustainable USD High Yield Bond Paris-Aligned Multifactor UCITS ETF Income Shares, also in the Euro Hedged Share Class, pursue an active investment strategy.
The ETFs provide access to a portfolio consisting primarily of high yield corporate bonds denominated in Euro and US Dollars and issued by sub-investment grade issuers.
The funds strive to align with the long-term objectives of the Paris Climate Agreement on global warming. The Investment management uses a combination of quantitative, fundamental and sustainability criteria to select securities.
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Source: Xetra
ETFGI reports a record 1,426 new products listed during the first 9 months of 2024 in the global ETFs industry
October 24, 2024--ETFGI, a prominent independent research and consultancy firm specializing in providing subscription research and annual events on trends in the global ETFs industry, ETFGI reports a record 1,426 new products listed during the first 9 months of 2024 in the global ETFs industry.
This represents a net increase of 1,014 products after accounting for 412 closures in the first 9 months of the year. This surpasses the previous record of 1,311 new ETFs listed at this point in 2021.
Assets invested in the global ETFs industry reached a record of US$14.46 Tn at the end of September 2024. The global ETFs industry gathered US$164.74 billion in net inflows in September, bringing year to date net inflows to a record US$1.24 trillion. At the end of September, the Global ETFs industry had 12,843 products, with 25,590 listings, assets of US$14.46 Tn, from 786 providers listed on 81 exchanges in 63 countries, according to ETFGI's September 2024 global ETFs and ETPs industry landscape insights report (a paid subscription service).
In the first 9 months of 2024, the ETF market has experienced a dynamic surge, with significant asset accumulation by newly launched ETFs. The Top 3 ETFs highlights the dominance of cryptocurrency ETFs, with iShares Bitcoin Trust (IBIT US) holding US$23.23 billion in assets, followed by Grayscale Bitcoin Trust (GBTC US) with US$14.03 billion and Fidelity Wise Origin Bitcoin Fund (FBTC US) with US$11.44 billion.
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Source: ETFGI
