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Three New Bond Index ETFs Launched on Xetra
December 15, 2009--Three new bond index ETFs issued by iShares have been tradable on Xetra® since Tuesday.
ETF name: iShares Barclays Euro
Corporate Bond ex-Financials
Asset class: Bond index ETF
ISIN: DE000A0YEEX4
Management fee: 0.2 percent
Distribution policy: distributing
Benchmark: Barclays Euro Corporate Bond ex-Financials Index
ETF name: iShares Barclays Euro Corporate Bond ex-Financials 1-5
Asset class: Bond index ETF
ISIN: DE000A0YEEY2
Management fee: 0.2 percent
Distribution policy: distributing
Benchmark: Barclays Euro Corporate Bond ex-Financials 1-5 Index
ETF name: iShares Barclays Euro Corporate Bond 1-5
Asset class: Bond index ETF
ISIN: DE000A0YEEZ9
Management fee: 0.2 percent
Distribution policy: distributing
Benchmark: Barclays Euro Corporate Bond 1-5 Index
Two of the new ETFs allow investors to participate in the performance of the Barclays Euro Corporate Bond ex-Financials indices. These indices track the performance of bonds denominated in euros and issued by companies in the industrial and utilities sectors. The bonds in the Barclays Euro Corporate Bond ex-Financials 1-5 index have maturities of between one and five years.
The third ETF allows investors to participate in the performance of the Barclays Euro Corporate Bond 1-5 index. This index tracks the performance of bonds denominated in euros and issued by companies in the industrial, utilities and financial sectors. The bonds have maturities of between one and five years.
The product offering in Deutsche Börse’s XTF segment currently comprises 547 exchange-listed index funds, making it the largest offering of all European stock exchanges. With this offering and an average monthly trading volume of around €11 billion, Xetra is the leading trading venue for ETFs in Europe.
Source: Deutsche Börse
Disclosure to rise for private equity units
December 15, 2009--The number of private equity-owned companies that disclose plc-style accounts is set to rise by almost half next year when the buy-out industry’s voluntary code of conduct is broadened in spite of resistance from some groups.
The change is expected to extend the reach of the code from 45 private equity portfolio companies to at least 65. While the UK has more than 1,000 companies owned by private equity groups, the expanded code will cover more than 90 per cent of firms by value.
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Source: FT.com
Over a decade of 'banana war' between EU, Latin America
December 15, 2009--The 16 year-long legal wrangling over banana tariffs between the EU and Latin American nations was the longest-running dispute in the history of the World Trade Organisation.
Here are key events during the dispute:
- July 1993: The European Union decides to give preferential treatment to bananas from African, Caribbean and Pacific (ACP) states and territories, many of which have historic links to EU members. This angers banana-producing countries in Latin America and also the United States, whose multinationals run much of the international trade in bananas.
- February 1996: The United States, in association with Ecuador, Guatemala, Honduras and Mexico, lodges a complaint with the WTO, claiming the EU restricted imports of their bananas into the bloc. The United States does not itself export bananas but three of the largest producers with plantations in Latin America are US-based multinationals -- Chiquita, Del Monte and Dole.
- September 1997: The WTO rules in favour of the plaintiffs, stating that the EU system is "inconsistent" with global trade rules.
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Source: EU Business
EU approves EUR 230m aid for developing countries
Demember 15, 2009--The European Union approved Tuesday 230 million euros (335 million dollars) in aid for 13 African, Caribbean and Pacific countries to help them confront the economic crisis.
The funds include 215 million euros from the so-called Vulnerability FLEX mechanism -- a 500 million euro fund adopted in August to help ACP nations deal with the impact of the crisis.
"Developing countries were hit hard by the crisis due to their poor resilience to external shocks," EU Development and Humanitarian Aid Commissioner Karel De Gucht said in a statement.
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Source: Eu Business
New ETFlab Equity Index ETF Launched on Xetra Hedge fund ETF reaches USD1bn in assets under management
The db Hedge Fund Index is asset weighted to the hedge fund industry and linked to the range of hedge funds available on Deutsche Bank’s X-markets Hedge Fund Platform. read more
Invesco PowerShares to launch four FTSE RAFI ETFs
• PowerShares FTSE RAFI Emerging Markets Fund read more
Banks expect recovery in 2010, cautious about government targets read more Markit, C-Questor launch new carbon standard
Projects will have to meet sustainability, additionality, biodiversity and transparent accounting benchmarks to be awarded it.
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Dow Jones Euro STOXX 50 Short Index Licensed to ETFlab to Underlie Exchange-Traded Fund
"The Dow Jones EURO STOXX 50 Short Index is an effective tool for investors aiming to track the performance of a short trading strategy that generates positive returns in declining markets. By licensing this index, ETFlab adds a product with a key investment strategy to its ETFs offering," said Ricardo Manrique, chief executive officer, STOXX Ltd. "The index's sophisticated, rules-based and transparent methodology enables market participants to access an innovative solution that can be used for both taking a specific view on the direction of markets or for hedging."
"For us the launch of the ETFlab DJ EURO STOXX 50 Short is a logic step towards offering a broad ETF toolbox to our customers. With the ETFlab DJ EURO STOXX 50 and the new complementary Short version we enable the investor to profit by bullish and bearish European equity markets," said Andreas Fehrenbach, CEO at ETFlab.
The Dow Jones EURO STOXX 50 Short Index replicates the inverse daily performance of the total return version of the Dow Jones EURO STOXX 50 Index. A negative performance of the blue-chip index results in a positive performance of the Dow Jones EURO STOXX 50 Short Index, and vice versa. If the Dow Jones EURO STOXX 50 Index loses -5%, the Dow Jones EURO STOXX 50 Short Index consequently gains 5%. The cost of dividends and the benefit of earning interest are also taken into account in the index calculation.
The Dow Jones STOXX Strategy Index series is designed to track enhanced investment strategies and includes the Dow Jones EURO STOXX 50 Short Index, Dow Jones EURO STOXX 50 Double Short Index, Dow Jones EURO STOXX 50 Leveraged Index, Dow Jones EURO STOXX 50 BuyWrite Index, Dow Jones EURO STOXX 50 PutWrite Index, the VSTOXX, Dow Jones STOXX 600 Supersector Short Indexes and Dow Jones STOXX 600 Double Short Index.
Further information on the Dow Jones EURO STOXX 50 Short Index is available at www.stoxx.com. If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
December 14, 2009--Another new ETF issued by ETFlab Investment GmbH, a subsidiary of DekaBank Deutsche Girozentrale, has been tradable on Xetra since Monday.
ETF name: ETFlab DJ EURO STOXX 50 Short
Asset class: Equity index ETF
ISIN: DE000ETFL334
Management fee: 0.4 percent
Distribution policy: non-distributing
Benchmark: DJ EURO STOXX 50 Short
Source: Deutsche Börse
December 14, 2009--In under a year the db x-trackers db Hedge Fund Index ETF has reached more than USD1bn in assets under management.
As of 8 December the fund’s assets are USD1.05bn or EUR715m.
In January 2009 the db Hedge Fund ETF became the world’s first ETF to directly invest in hedge funds via the db Hedge Fund Index.
Source: Hedge Fund Express
December 14, 2009--Invesco PowerShares intends to launch four exchange-traded funds on 1 February 2010 to sit in its Fundamentally Weighted range of products.
The range, which already comprises five funds focused on the US, UK, Europe and the developed world equity markets, will be expanded by the following products:
• PowerShares FTSE RAFI Asia Pacific Ex Japan Fund
• PowerShares FTSE RAFI Hong Kong/China Fund
• PowerShares FTSE RAFI All-World 3000 Fund
Source: ETF Express
December 14, 2009--Türkiye Ýþ Bankasý and ING Bank have released their December reviews of the Turkish economy, noting that there will be a slow but gradual recovery in 2010 if government goals for inflation and fiscal spending are met.
In bulletins released yesterday by the Türkiye Ýþ Bankasý Economic Research Group and ING Turkey’s Treasury Group’s Economic Research Department, the two banks reviewed recent economic and political developments in Turkey amid signs that a recovery from the global economic crisis that began last year is imminent.
Source: Todays Zaman
December 14, 2009--UK-based financial information provider Markit and clean energy project developer C-Questor have launched a new carbon standard for low-carbon energy projects, the companies said on Monday.
The Carbco Platinum Carbon Standard will give extra certification and validation to clean energy projects in the voluntary and regulated U.N.-backed carbon markets.
Source: Yahoo
December 14, 2009--STOXX Limited, the leading provider of European equity indexes, today announced that the Dow Jones EURO STOXX 50 Short Index has been licensed to ETFlab Investment GmbH to serve as underlying for an exchange-traded fund (ETF). The ETFlab DJ EURO STOXX 50 Short will be available on Deutsche Boerse today.
The Dow Jones EURO STOXX 50 Short Index is part of the Dow Jones STOXX strategy index family. It replicates a short investment strategy, which is tied to the performance of the Dow Jones EURO STOXX 50 Index.
Source: Dow Jones Indexes
