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Ossiam, CSI partner to develop minimum variance China A-shares index
May 15, 2014--Ossiam, a Paris-based provider of exchange-traded funds and a specialist in smart beta solutions, has announced the signing of a cooperation agreement with China Securities Index Company (CSI), a leading Shanghai-based index provider.
Ossiam will contribute expertise in minimum variance index construction to CSI, which is developing a minimum variance index based on its well known CSI 300 Index.
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Source: etfstrategy.co.uk
European Commission-COMMISSION STAFF WORKING DOCUMENT-Economic Review of the Financial Regulation Agenda
May 15, 2014--EXECUTIVE SUMMARY
In response to the financial crisis, the EU has pursued an ambitious regulatory reform agenda that has been coordinated with international partners in the G20.
The aim has been to restore financial stability on a global scale and build a financial system that serves the economy and can play its part in putting the EU back on a path of
sustainable growth. The Commission has followed a detailed roadmap in reforming the financial system.
In 2009, the Commission set out the way forward for improving the regulation and supervision of EU financial markets and institutions.1 Building on this roadmap, in 2010, the Commission announced further measures to bring about a safe and responsible financial sector which is conducive to economic growth and delivers enhanced transparency, effective supervision, greater resilience and stability as well as strengthened responsibility and consumer protection.2 The subsequent emergence of specific risks which threatened financial stability in the euro area and the EU as a whole called for deeper integration to put the banking sector on a more solid footing and restore confidence in the euro.
This led to the development of the Banking Union.3
1 Communication on 'Driving European recovery'; COM(2009) 114 final. This followed the recommendations of a group of high-level experts, set up by the Commission and chaired by Mr de Larosiére (Report of the High-level Group of Financial Supervision in the EU, 25 February 2009). 2 Communication on 'Regulating financial services for sustainable growth'; COM(2010) 301 final 3 Communication on 'A roadmap towards a Banking Union' COM(2012) 510 final. Communication on 'A blueprint for a deep and genuine economic and monetary union – Launching a European debate'; COM(2012) 777 final/2.
Key messages
The financial crisis showed that a fundamental overhaul of the regulatory
framework in the financial sector was necessary.
view the COMMISSION STAFF WORKING DOCUMENT-Economic Review of the Financial Regulation Agenda
Source: European Commission
ETF Securities enters indexing space with launch of ETFS Indices
May 14, 2014--ETF Securities, the London-headquartered exchange-traded products provider and commodities specialist, has entered the competitive world of financial market indexing with the launch of ETFS Indices.
Led by Dan Raab, Head of Indices and Managed Futures, ETFS Indices will design and publish new futures-based indices.
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Source: etfstrategy.co.uk
Amundi slashes fees on emerging markets ETFs
April 13, 2014--Amundi, a leading European provider of exchange-traded funds, has unveiled substantial fee reductions across its range of emerging markets ETFs.
The total expense ratio (TER) on eight ETFs has been slashed from 0.45% to 0.20%. The TER is a measure of the total management and operating costs of an ETF to an investor.
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Source: etfstrategy.co.uk
LSE Group eyeing bid for indexing giant Russell
May 13, 2014--The London Stock Exchange Group (LSEG) has confirmed that it is evaluating the merits of a potential bid for Russell Investments.
Following press speculation, the group confirmed in a press release that it was engaged in discussions with the Northwestern Mutual Life Insurance Company, the parent company of Russell.
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Source: etfstrategy.co.uk
Global AUM in Short & Leveraged ETPs at $61.5bn as investors repositioned bearishly across equities, bonds and commodities
May 13, 2014--The AUM of short & leveraged ETPs stood at $61.5 billion at the end of April, a 1% fall from March and a 6% rise from the end of December 2013.
Outflows of $158 million from equity and fixed income ETPs were countered by inflows into commodity ETPs of $172 million. Currency and alternative ETPs also saw inflows of $33 million and $130 million, respectively.
Lacking conviction in US equities, the inflows into long and short US focused equity ETPs were balanced. Within European equities, S&L investors repositioned bullishly in Italy and Russia and bearishly in Germany, France and Sweden.
Bearish flows underpinned energy ETPs. The inflows of $116 million and $129 million into short products, coincided with outflows of $34 million and $57 million from long products of oil and natural gas, respectively.
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Source: Boost
First renminbi bond listed in the regulated market
March 13, 2014--The first bond denominated in Chinese renminbi was listed in the regulated market of the Frankfurt Stock Exchange today. This enables more than 230 trading participants in 18 countries to trade this bond on a transparent and efficient market.
The issuer of the two-year term bond with a volume of €120 million is Kreditanstalt für Wiederaufbau (KfW).
Deutsche Börse announced a deepening of its partnership with Bank of China only weeks ago, at the end of March this year. The Bank of China is to become a trade and clearing participant at Deutsche Börse.
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Source: Deutsche Börse
Deka MDAX ETF launched on Xetra
May 13, 2014--A new equity index ETF issued by Deka Investment GmbH has been tradable in Deutsche Börse's XTF segment since Tuesday.
ETF name: Deka MDAX UCITS ETF
Asset class: equity index ETF
ISIN: DE000ETFL441
Total expense ratio: 0.30 percent
Distributing policy: non-distributing
Benchmark: MDAX Index
The Deka MDAX UCITS ETF tracks the performance of the reference index MDAX. The MDAX comprises 50 companies which are either German or foreign companies primarily active in Germany, and which are the largest companies after the DAX 30 in terms of market capitalisation and their stock exchange turnover.
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Source: Deutsche Börse
Lyxor partners with FTSE on first ever Italian mid-cap ETF
May 13, 2014--Lyxor Asset Management has become the first exchange-traded fund issuer to track the FTSE Italia Mid Cap Index, with the launch of the Lyxor UCITS ETF FTSE Italia Mid Cap (ITAMID) on Euronext.
Developed and calculated by FTSE Group, the FTSE Italia Mid Cap Index consists of the 60 largest Italian companies by market capitalisation listed on Borsa Italiana, outside of those included in the FTSE MIB, which is the primary index for the Italian equity markets.
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Source: etfstrategy.co.uk
DB-Synthetic Equity & Index Strategy-Europe-ETF Research-European Weekly ETF Market Review
May 13, 2014-The most recent issue of the European Weekly ETF Market Review is now available-data in this report is as of 9 May 2014.
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Source: Deutsche Bank-Synthetic Equity & Index Strategy-Europe
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