AMF-Closet Index Funds: a contribution to the debate in Europe
July 3, 2018--The possible existence of closet index funds, is an important matter for financial regulators, including the AMF, both in terms of financial information and investor protection. Today the AMF is keen to contribute to the European debate and analysed nearly 800 French funds using a method based on fund return and market data.
It enables more funds to be examined than was previously possible, especially through a holding-based approach. This approach does not relieve the regulator of carrying out an in-depth individual analysis of the funds flagged as least active in the sample.
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Source: Deutsche Börse Cash Market
Monday Morning Memo: Market Overview-Factor-Investing ETFs
July 2, 2018--(May 31, 2018)
Factor-investing ETFs (the so-called smart beta ETFs) have been seen for a few years as one of the main drivers of future growth in the European ETF market, since they are innovative products that suit the needs of many investors.
These kinds of products get a lot of attention from market observers and are also a topic of many discussions and panels at numerous asset management conferences. But even though there is a lot of noise around factor-investing ETFs, the open question is whether investors will buy into these concepts. Here we attempt to shed light on the wider market structure of the European ETF segment and take a closer look at the assets under management in factor-investing ETFs to determine these products' relative success.
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Source: Detlef Glow, Thomson Reuters
DAX turns 30-Frankfurt celebrates
July 2, 2018--DAX, Deutsche Börse's most important selection index, officially celebrated its 30th birthday on Monday.
Deutsche Börse marked the anniversary on the Frankfurt Stock Exchange trading floor together with DAX members, management board members of well known companies, representatives of the Frankfurt financial centre community and the founding fathers of the DAX index, including Frank Mella and Manfred Zass.
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Source: Deutsche Börse Cash Market
ETFGI reports 44th consecutiv ETFGI PRESS RELEASE: ETFGI reports 44th consecutive month of net inflows into ETFs and ETPs listed in Europe with US$2.89 billion in net new assets during May 2018
July 2, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported net inflows of US$2.89 billion into ETFs and ETPs listed in Europe during May 2018, marking the 44th consecutive month of net inflows into European-listed ETFs/ETPs. (All dollar values in USD unless otherwise noted.)
Highlights
May 2018 marked the 44th consecutive month of net inflows into ETFs/ETPs listed in Europe.
Net inflows of $2.89 Bn into ETFs and ETPs listed in Europe during May 2018.
At the end of May 2018, the European ETF/ETP industry had 2,324 ETFs/ETPs, with 7,684 listings, assets of $819.7 Bn, from 66 providers on 27 exchanges.
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Source: ETFGI
The Spanish exchange traded 60.3 billion Euro in June
July 2, 2018--The Spanish Exchange traded €60.3 billion in Equities in June, down 8.6% from the preceding month. The number of trades in June reached 3.9 million, in line with May.
The number of Warrants and Certificates admitted to trading in June came in at 3,291, up 27% year on year.
Trading of Financial Derivatives in June increased 55.5% from the previous month. There was growth in stock futures (106.4%), stock options (64.5%) and IBEX 35 Options (7.7%). The overall open interest increased 0.12% compared to June 2017. Worth of note was the heavy trading in stock futures (+24.4%) and in IBEX 35 options (+61.2%)
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Source: Bolsa de Madrid
VanEck appoints European head
July 2, 2018--VanEck has appointed Martijn Rozemuller as European head to further expand its ETF business in the region.
Rozemuller was previously managing director of Dutch ETF provider Think ETFs, which was acquired by VanEck at the beginning of the year. The transaction is now complete and Think ETFs brand will continue for the time being.
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Source: investmenteurope.net
New Invesco ETF launched on Xetra: US dollar-denominated CoCo bonds from companies in industrialised countries
June 29, 2019--A new exchange traded fund issued by Invesco Asset Management is tradable on Xetra and Börse Frankfurt since Thursday.
The Invesco AT1 Capital Bond UCITS ETF EUR Hdg Dist enables investors to participate in the performance of contingent convertible bonds issued worldwide by banks from industrialised countries and denominated in US dollars.
Contingent convertible bonds are long-term subordinated bonds that obligatorily convert from debt into equity if a pre-specified trigger event occurs. They are therefore a type of hybrid bond with equity-like features
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Source: Deutsche Börse Cash Market
Flow Traders NV: BinckBank and Flow Traders complete sale of Think ETF Asset Management B.V.
June 29, 2018--BinckBank N.V. (60%), Flow Traders N.V (24%) and Think ETF's management (16%) together announce that, further to the press release on January 19th 2018, the sale of their stakes in Think ETF Asset Management B.V. to Van Eck Associates Corporation has been completed.
Van Eck has received almost full ownership of Think ETF Asset Management B.V., only management of Think ETF Asset Management B.V. will retain a small stake.
Financial details of the transaction will not be disclosed at this stage.
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Source: Flow Traders
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