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UCITS suffered sharp outflows in June
August 29, 2013--The European Fund and Asset Management Association (EFAMA) has today published its latest Investment Fund Industry Fact Sheet*, which provides investment sales and asset data for June 2013.
26 associations representing more than 99.6 percent of total UCITS and non-UCITS assets at the end of June 2013 provided us with net sales and/or net assets data.
The main developments in June 2013 in the reporting countries can be summarised as follows:
Net sales of UCITS reversed in June to record net outflows of EUR 65 billion, compared to net inflows of EUR 34 billion in May. June witnessed the largest net outflows from UCITS since October 2008 on account of large net outflows from fixed income funds.
Long-term UCITS (UCITS excluding money market funds) registered net outflows of EUR 25 billion, against net inflows of EUR 39 billion in May.
Net sales of bond funds experienced a turnaround in net sales to register net outflows of EUR 18 billion in June.
Net sales of equity funds recorded increased net outflows of EUR 9 billion, up from EUR 1 billion in May.
Net sales of balanced funds broke even in June, down from net inflows of EUR 13 billion in May.
view the EFAMA Investment Fund Industry Fact Sheet(1)
June 2013 Data
Source: European Fund and Asset Management Association (EFAMA)
FESE-European Exchange Report 2012
August 29, 2013--Foreword by President:The European Exchange Report represents a valuable source of integrated information on Europe's exchange industry and is compiled by the Federation of European Securities
Exchanges (FESE). FESE Represents the operators of European Regulated Markets.
FESE members have a distinct market structure that offers transparent price discovery and liquidity for assets admitted to trading on their markets, which is matched according to pre‐established rules.
view the FESE-European Exchange Report 2012
Source: FESE
New incentive scheme from Eurex to mark three years of Eurex KOSPI Product
The successful cooperation is now in its fourth year/Sustained growth of traded volume/Daily average of 83,000 traded contracts in 2013
August 29, 2013--On the third anniversary of the Eurex/KRX Link, the international derivatives market Eurex Exchange drew a positive balance on the product cooperation.
To celebrate this milestone and in recognition of its success, Eurex Exchange is waiving trading fees for the Eurex KOSPI Product for the month of September. In addition, all Eurex members located in Korea also qualify with immediate effect for the special incentive program for Asian participants.
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Source: Eurex
Three new SPDR-ETFs-launched on Xetra
ETFs track government and corporate bonds
August 28, 2013--Three new exchange-listed bond index funds issued by SPDR (State Street Global Advisors) have been tradable on Xetra since Wednesday.
ETF name: SPDR Barclays 0-3 Year Euro Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BC7GZW19
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Barclays 0-3 Year Euro Corporate Bond Index
ETF name: SPDR Barclays 0-3 Year US Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BC7GZX26
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Barclays 0-3 Year US Corporate Bond Index
ETF name: SPDR Barclays 1-3 Year U.S. Treasury Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BC7GZJ81
Total expense ratio: 0.15 percent
Distribution policy: distributing
Benchmark: Barclays Capital US Treasury 1-3 Year Index
The first two SPDR ETFs enable investors to participate in the performance of corporate bonds from issuers in the industrial, utilities and financial sectors with a residual maturity of less than three years.
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Source: Xetra
DB-Synthetic Equity & Index Strategy-Europe-ETF Research-European Weekly ETF Market Review
August 28, 2013--The most recent issue of the European Weekly ETF Market Review is now available.
The report includes key statistics on the European ETF market as well as global ETF market highlights. For more detailed coverage please refer to the monthly report, issued in the first week following the end of each month.
request report
Source: Deutsche Bank -Synthetic Equity & Index Strategy -Europe
Lira, markets dip to new lows as Ankara reiterates need for calm
August 28, 2013--Emerging currencies losses deepened on Wednesday, pushing Turkey's lira to a new record low against the dollar as fears of Western military action against Syria added to the flight from riskier assets.
The Turkish lira weakened further beyond two to the US dollar on Wednesday, breaking its previous record as allies prepare for possible military intervention in Syria. The lira was at 2.0372 against the US dollar on Tuesday and dropped to as low as 2.07 on Wednesday morning. It hovered around this new historic low through Wednesday's closing. The main Turkish share index, Bourse İstanbul (BIST), slid 1.53 to a fresh year-low on Wednesday
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Source: Today's Zaman
BNY Mellon to revamp bond fund as total return strategy
Investment firm set to consult shareholders on plans to rebrand and refocus existing global strategic bond fund
August 28, 2013--BNY Mellon has outlined plans to change the approach and name of its existing global strategic bond fund in order to create a global opportunities total return fund.
In a letter to shareholders, the investment firm set out a series of proposed changes to the Dublin-domiciled BNY Mellon Evolution Global Strategic Bond fund.
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Source: CityWire
ECB-Monetary developments in the euro area
August 28, 2013--The annual growth rate of the broad monetary aggregate M3 decreased to 2.2% in July 2013, from 2.4% in June 2013.1
The three-month average of the annual growth rates of M3 in the period from May 2013 to July 2013 decreased to 2.5%, from 2.8% in the period from April 2013 to June 2013.view more
Source: ECB
Eurex Futures Exchange Halts Trading on Technical Glitch
August 26, 2013--A technical glitch halted trading on Eurex, Europe's largest derivatives market, for about 60 minutes, adding to this month's tally of exchange breakdowns following a three-hour shutdown of the Nasdaq Stock Market.
The bourse first said it was investigating “technical issues” in a post on its website at 8.30 a.m. Frankfurt time today, with data compiled by Bloomberg showing no prices for futures on the benchmark Euro Stoxx 50 Index and Germany’s DAX Index from about 8:15 a.m. Trading resumed at 9:20 a.m., Frankfurt-based Eurex said in a separate statement
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Source: Bloomberg
FESE European Equity Market Report- July 2013
August 26, 2013--The FESE European Equity Market Report July 2013 is now available.
view report
Source: FESE
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