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ETF Securities launches ETFX DJ-UBS All Commodities Forward 3 Month Fund on the LSE
World’s first ETF on the Dow Jones-UBS Commodity Index 3 Month Forward
New fund based on the top performing DJ-UBSCI F3SM Index which returned 263% over the past 10 years, making commodities the top performing major asset class over the period
March 22, 2010--ETF Securities (ETFS) listed on Thursday 18th March the world first ETF based on the Dow Jones – UBS Commodity 3 Month ForwardSM Index (DJUBSCI F3SM). The new fund will be part of the ETF Exchange (Europe) platform.
ETF Exchange is the world’s first 3rd generation ETF platform which is supported by Bank of America Merrill Lynch, Barclays Capital, Citi, and Rabobank International who are participants on the platform.
The increasing investor’s knowledge about commodities investing and demand for exposure to longer-dated commodity futures contracts has led ETF Securities to create ETFX DJ-UBS All Commodities Forward 3 Month Fund (COMF), providing investors with more choice and allowing them to implement different investment strategies in commodities. Due to the dynamic nature of the commodity futures curve investors wish to be able to track different commodity futures dependent on their views.
ETFX DJ-UBS All Commodities Forward 3 Month Fund (COMF) offer investors for the first time, the opportunity to gain direct and simple exposure to a diversified basket of 19 forward commodity futures prices represented in the DJ-UBSCI F3SM Index, the index provide exposure to futures contracts three months ahead on the DJ-UBSCISM. The DJ-UBSCI F3SM is arguably the best way to gain commodity exposure with economic significance due to its unique two third weighting to liquidity and one third to production. Thomson Reuters MiFID Market Share Reports February 2010 German DAX firms paid 30% more into pensions in 2009 The average funding level is 66%, similar to that of 2008 with 65%, but slightly below the average Mercer had calculated from the first 19 companies to release their annual reports. (See earlier IPE article: Market upturn failed to increase DAX-related pensions' funding levels)
read more Deutsche Börse expands data offering on longevity
The Xpect Data product forms the basis for up-to-date and regular calculations of generation mortality tables. Unlike hitherto existing data, Xpect Data is based exclusively on transparent and objective statistics, rather than on expert opinions. It is particularly important for the calculation of risk positions for life insurance and pension funds that longevity data is up to date and of top quality. As the population's life expectancy increases, so too do payment obligations and risk positions.
Xpect Indices serve as securitization for life and pension insurance risks and they also serve as a basis for financial instruments. Insurance companies and pension funds will thus increase their capital efficiency and lower their required risk capital.
For further information, please visit www.deutsche-boerse.com/xpect_e. ETF Landscape: European STOXX 600 Sector ETF Net Flows, week ending 12-Mar-10
Basic resources experienced net outflows of USD91.9m.
Year-to-date, media has had the largest net inflows with USD296.7m net new assets, followed by utilities with USD131.1m YTD. visit Blackrock for more information Commission assesses stability and convergence programmes of fourteen EU Member States view Stability and convergence programmes (or updates): 2009-2010 Deutsche Börse: Deutsche Börse expands data offering on longevity
The Xpect Data product forms the basis for up-to-date and regular calculations of generation mortality tables. Unlike hitherto existing data, Xpect Data is based exclusively on transparent and objective statistics, rather than on expert opinions. It is particularly important for the calculation of risk positions for life insurance and pension funds that longevity data is up to date and of top quality. As the population's life expectancy increases, so too do payment obligations and risk positions.
Xpect Indices serve as securitization for life and pension insurance risks and they also serve as a basis for financial instruments. Insurance companies and pension funds will thus increase their capital efficiency and lower their required risk capital.
For further information on Xpect Data, please visit www.deutsche-boerse.com/xpect_e. Pressure mounts over IMF role in Greek crisis
Germany, changing tack, said it was open to the possibility of the International Monetary Fund helping Greece while the Netherlands, Finland and Italy -- to varying degrees -- also declared themselves alive to IMF involvement. read more Changes In The Composition Of The FTSE/ATHEX Index Series
FTSE/ ATHEX 140
FTSE/ATHEX Personal & Household Products UNPRI to start lobbying on ESG regulation read more If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
Source: ETF Securities
March 22, 2010--The Thomson Reuters MiFID Market Share Reports February 2010 is now available.
view the EUROPEAN MARKET SHARE FOR ALL EQUITIES TURNOVER - JANUARY TO FEBRUARY 2010 report
Source: Thomson Reuters
March 22, 2010--DAX 30 companies' pension payments reached €9bn in 2009, compared to €6.5bn the year before, Towers Watson has calculated. Overall funding funding levels remained the same.
Assessing 24 of the 30 annual reports of the top German listed companies in the DAX 30, Towers Watson noted in a press release that “the trend towards funding pension liabilities is on the rise again”, and employer contributions have increased by 30%.
Source: IP&E
Xpect Data and Indices on life expectancy also available for England and Wales
March 22, 2010--Deutsche Börse is expanding its Xpect offering to include longevity data and indices from England and Wales. In 2008, Deutsche Börse’s business segment Market Data & Analytics started delivering monthly data on life expectancy and mortality risks in Germany and the Netherlands, broken down according to region, year of birth and gender.
Xpect Data offers the most up-to-date figures for quantitative valuation of longevity risk. The data on population trends in Germany, the Netherlands, England and Wales is collated from various sources, verified and disseminated on a monthly basis. Previously, these data had only been available in the market every three to five years.
Source: Deutsche Börse
March 17, 2010--Highlights
Stoxx 600 sector exchange-traded funds saw USD25.2m of net inflows during the week ending 12 March, 2010.
The largest sector ETF inflows were in banks with USD65.0m and telecommunications with USD24.4.
Source: ETF Research and Implementation Strategy, Blackrock
March 17, 2010--Today the European Commission examined the updated stability and convergence programmes (SCPs)1 of Belgium, Bulgaria, Germany, Estonia, Ireland, Spain, France, Italy, the Netherlands, Austria, Slovakia, Sweden, Finland and the United Kingdom. These assessments have to be seen against the background of the sharp economic and financial crisis which has had a major impact on public finances.
Reflecting the working of automatic stabilisers and discretionary stimulus measures implemented in line with the European Economic Recovery Plan (EERP)2 to cope with the exceptional economic circumstances, a large majority of Member States is currently subject to the excessive deficit procedure following corresponding Council decisions in 2009. Of the countries assessed today, only Bulgaria, Estonia, plan to keep their general government deficits below the 3% of GDP reference value set in the Stability and Growth Pact over the programmes' period. Overall, for the majority of the fourteen programmes, the growth assumptions underlying the budgetary projections are assessed as rather optimistic, implying that budgetary outcomes might be worse than targeted. Furthermore, in several cases, the budgetary consolidation strategy is not sufficiently backed up by concrete measures from 2011 onwards.
So0urce: European Commission
Xpect Data and Indices on life expectancy also available for England and Wales
March 19, 2010--Deutsche Börse is expanding its Xpect offering to include longevity data and indices from England and Wales. In 2008, Deutsche Börse’s business segment Market Data & Analytics started delivering monthly data on life expectancy and mortality risks in Germany and the Netherlands, broken down according to region, year of birth and gender.
Xpect Data offers the most up-to-date figures for quantitative valuation of longevity risk. The data on population trends in Germany, the Netherlands, England and Wales is collated from various sources, verified and disseminated on a monthly basis. Previously, these data had only been available in the market every three to five years.
Source: Deutsche Börse
March 19, 2010--Europe split over IMF intervention for debt-ridden Greece on Friday, upping pressure on national leaders to resolve crisis plans just days from a crunch summit.
Investors reacted negatively, with Greek government bond yields -- the interest rate that Athens must pay in order to raise money on financial markets -- also rising sharply. The euro weakened against the dollar.
Source: EUbusiness
March 19,2010--Following the transfer of trading of the shares of «X. BENRUBI S.A.» the Low Liquidity & Special Features Category of the Athens Exchange and according to the Ground Rules for the Management of the FTSE/ATHEX Index Series the following changes will take place.
FTSE/ ATHEX SmallCap 80
The shares of the company are removed from the index and replaced by the shares of the company «STELIOS KANAKIS S.A.» with investability weighting 20%.
The shares of the company are removed from the index and replaced by the shares of the company «STELIOS KANAKIS S.A.» with investability weighting 20%.
The shares of the company are removed from the index without replacement.
FTSE/ATHEX Food & Âeverages
The shares of the company «STELIOS KANAKIS S.A.» are added to the index with investability weighting 20%.
All changes are effective from Monday March 22, 2010.
Source: Online News
European Commission discussions look at scenarios for ESG disclosure.
March 19, 2010--The United Nations Principles for Responsible Investment (UNPRI), which represents institutional investor assets of $20 trillion, is planning to take its first steps to influence legislation in favour of ESG investment issues with the launch of a public policy network to lobby regulators and policy makers.
The UNPRI said the network would “seek out ways for collaboration between policy makers and investors, to encourage better policy making to support responsible investors and to encourage governments’ own funds to be aligned with the PRI”. A target date for the initiation of the network has not been announced. The plans are set out in a submission by the UNPRI to the European Commission, part of a series of European discussions looking at whether the disclosure of corporate environmental, social and governance (ESG) information should be tightened up.
Source: Responsible Investor
