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ETF Securities Launches World’s First Physically-Backed Industrial Metal ETCs
November 7, 2010--ETF Securities Limited has today launched the world's first physically-backed industrial metal Exchange Traded Commodities (ETCs). These new products will, for the first time, give investors access to industrial metals in an easy, secure and transparent way via a security traded on the London Stock Exchange. A total of six individual metals are being offered under the Prospectus together with a basket comprising all the metals.
The first securities to be available for trading will be ETFS Physical Copper, ETFS Physical Nickel, and ETFS Physical Tin. Trading in these securities is expected to commence on Friday 10th December. The remaining securities, being ETFS Physical Aluminium, ETFS Physical Lead and ETFS Physical Zinc and ETFS Physical IM Basket, will be available for trading in the new year.
The Industrial Metal ETCs have been designed to "bolt on" to the pricing, delivery and rules of the London Metal Exchange (LME) – the world's most respected exchange for the trading of industrial metals. The Issuer, ETFS Industrial Metal Securities Limited, will effect all creations and redemptions through a special purpose LME account and will be subject to the LME rules and regulations, including lending guidance. Market makers will be able to effect creations and redemptions against delivery of LME physical metal, evidenced by LME Warrants1. This will ensure the transparency of all trading in the underlying physical metal. The Issuer will initially hold metal as LME Warrants but may move some (but not all) metal off-warrant as assets build up in order to stay within lending guidance and to reduce storage fees. At all times, all metal will be stored in warehouses which are approved and audited by the LME. The costs of holding the Industrial Metal ETCs will comprise a management fee as well as storage and insurance fees. Storage fees will be capped at the warehouse fees published annually by the LME but may be reduced over time if the Issuer is able to negotiate lower fees once assets build up.
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Source: ETF Securities
Ljubljana Stock Exchange uses Deutsche Börse’s Xetra System
Vienna Stock Exchange links Slovenian Stock Exchange to the Xetra Network
December 6, 2010--Electronic securities trading at the Ljubljana Stock Exchange was transferred to Deutsche Börse’s pan-European Xetra trading system on Monday. The Slovenian exchange is being linked to the Xetra network through the Vienna Stock Exchange, which has operated its own cash market with Xetra since 1999.
The technical requirements are now in place to provide users of the fully electronic Xetra trading system with direct access to the Slovenian financial market. Deutsche Börse and the Vienna Stock Exchange are supporting the development of the Slovenian capital market by offering international investors this access. In addition, around 30 new market participants from Slovenia now have the opportunity to access the approximately 500,000 instruments traded on Xetra.
Frank Gerstenschläger, a member of Deutsche Börse AG’s Executive Board, said: “We have been working with the Vienna Stock Exchange for over ten years as a sourcing partner. We are delighted that this successful cooperation means one more CEESEG partner exchange, the Ljubljana Stock Exchange, can operate with Xetra technology.”
Cash market trading on the Vienna Stock Exchange has been based on Xetra technology since November 1999. Since December 2009, the Central European Gas Hub (CEGH) has operated with Xetra under license from the Vienna Stock Exchange. Alongside Ljubljana, the CEESEG partner exchanges in Prague and Budapest are to use the Xetra trading system in the future. The Vienna Stock Exchange is taking a central international role in the CEE Stock Exchange Group (CEESEG), coordinating international projects and driving their future development.
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Source: Deutsche Börse
New db x-trackers ETF Launched on Xetra
New ETF to track the Indonesian market for the first time
December 6, 2010-- An additional db x-trackers index fund from Deutsche Bank’s ETF offering has been tradable on Xetra since Monday.
ETF name: db x-trackers MSCI Indonesia TRN Index ETF
Asset class: equity index ETF
ISIN: LU0476289623
Total expense ratio: 0.65 percent
Distribution policy: non-distributing
Benchmark: MSCI Indonesia TRN Index
This ETF offers investors the opportunity, for the first time, to invest in the performance of Indonesian mid and large caps. The MSCI Indonesia TRN Index is aiming for 85 percent market coverage within each sector group taking free float into account.
The product offering in Deutsche Börse’s XTF segment currently contains a total of 757 exchange-listed index funds, making it the largest offering of all European stock exchanges.
Source: Deutsche Börse
- Source announces the launch of three emerging markets ETFs: MSCI Brazil, MSCI China, MSCI India Source ETFs
December 6, 2010--Building on the success of its emerging markets ETFs and continued demand for more efficient products, Source announces today the launch of three ETFs providing single emerging country exposure: MSCI Brazil, MSCI China and MSCI India Source ETFs.
These new additions to Source’s product range are the perfect complement to the existing Source emerging markets offering, which includes the MSCI Emerging Markets Source ETF and the RDX (Russia) Source ETF. Investors can now gain exposure to broad emerging markets as well as each of the individual BRIC countries through the use of Source ETFs.
In the current environment of low rates and uncertainty for G7 countries, investors continue to turn to markets with relatively stronger economic and corporate earnings growth potential. Emerging markets have been one of the main beneficiaries of this shift, with net inflows in European emerging markets ETFs reaching nearly US$10 BN this year and total assets outstanding increasing to US$44 BN as at end of November.
Ted Hood, CEO of Source, commented: “We are excited to provide investors with a compelling and growing range of emerging markets products. Investors can now gain exposure to all BRIC countries as well as to broad emerging markets while benefiting from the efficiencies of Source’s ETFs, which offer limited counterparty exposure and outstanding trading liquidity.”
Each ETF tracks the total return version of its MSCI underlying index. The MSCI Brazil and MSCI China Source ETFs each have 0.65% annual management fee and the MSCI India Source ETF has a management fee of 0.85% p.a. These new products trade in USD on the London Stock Exchange. db x-trackers veröffentlicht täglich aktuell Swap-Anteile Im Einzelnen werden ab heute folgende Informationen unter www.dbxtrackers.com auf den Detailseiten zu den einzelnen ETFs veröffentlicht und täglich aktualisiert:
Netto Swap-Anteil in Prozent des NAV
Zusammensetzung der Sicherheiten nach Wertpapiertyp, Ländern,
Währungen sowie ggf. Sektoren oder Ratings für Anleihen
Zudem ist es künftig möglich, die komplette Wertpapierliste je ETF herunter zu laden. Mit seiner innovativen Produktpalette hat db x-trackers das verwaltete Vermögen seit
dem Start im Januar 2007 auf aktuell mehr als 35 Milliarden Euro gesteigert. „Die Nettomittelzuflüsse 2010 in unsere ETFs in Höhe von bisher mehr als 7 Milliarden Euro zeigen, dass wir auch weiterhin innovative Produktlösungen für Privatanleger
wie auch für institutionelle Investoren zur Verfügung stellen“, sagt Michalik. Dabei hat sich gezeigt, dass db x-trackers ETFs eine herausragende Stellung bei der Aufteilung der Zuflüsse in Europa einnehmen. „Bis Mitte November hat db x-trackers nach Angaben von Deutsche Bank Research fast genauso viele Zuflüsse verzeichnet, wie alle anderen Anbieter von ETFs mit synthetischer Indexreplikation
zusammen genommen“, sagt Michalik. 1 db x-trackers beinhaltet ETFs der SICAV db x-trackers bzw. db x-trackers II. SocGen & Lyxor AM Announce Appointment Of New ETF Management Team In Europe
Nizam Hamid is appointed as Head of ETF Strategy and Deputy Head of ETF Europe, effective 22nd of November. He joins the bank from Blackrock/BGI in London where he was Head of ETF Strategy for EMEA; Nizam brings with him over 20 years experience in cash equities, quant research and ETF. Nizam Hamid will be based in London and will report to Simon Klein. Recognized as an industry leader since 2001, Societe Generale Corporate & Investment Banking through its subsidiary Lyxor Asset Management continues to strengthen its position in the ETF market. With 20% market share (source Morningstar as of end of october 2010) and AuM of EUR 36.2 bn (source Lyxor as of end of October 2010), Lyxor is the 4th global ETFs provider and the 2nd largest provider in Europe. The Lyxor ETF range offers 214 ETF, 520 cross-listings, covering more than 120 indices. Lyxor manages the largest ETF in Europe, the Lyxor ETF Euro STOXX50 (TER: 0.25%) with EUR 5.5Bn of AuM.
db x-trackers erweitert Schwellenländer-Produktpalette Der MSCI Indonesia TRN Index setzt sich aktuell aus 22 Werten zusammen. In der
Branchengewichtung stellen Finanzwerte mit 29,5 Prozent den größten Anteil,
gefolgt von Konsumgütern (14,0 %), dem Energiesektor (13,9 %) und der
Telekommunikationssparte (11,6 %).
Indonesien ist mit 238 Millionen Einwohnern und einem jährlichen
Bevölkerungswachstum von 1,49 Prozent das viertbevölkerungsreichste Land der
Welt2. Für die Wirtschaft Indonesiens wird nach Angaben von Deutsche Bank
Research 2010 ein Wachstum von 6,0 Prozent und 2011 von 6,5 Prozent Wachstum erwartet. „Mit dem Listing des Indonesien-ETFs verbessern wir weiter unser Angebot für Investments in Schwellenländern an der Deutschen Börse. Er ermöglicht ein Engagement in einem der wachstumsstärksten Länder Asiens“, sagt Thorsten Michalik, verantwortlich für db x-trackers. db x-trackers MSCI Indonesia TRN Index ETF: Auf einen Blick Name:db x-trackers MSCI Indonesia TRN Index ETF Bloomberg
Ticker:XMIN GY OECD calls on governments to strengthen private pensions read more CESR publishes the Annual report according to article 21 of Regulation (EC) 1060/2009 on Credit Rating Agencies CESR is publishing this annual report in accordance with article 21(4) of Regulation (EC) 1060/2009, in order to provide information to the public about the application of the Regulation in the EU and, in particular, to comment on the implementation of the requirements established in Annex I of the Regulation by the credit rating agencies. This is the first annual report published by CESR in the fulfilment of its obligations under article 21. view CESR Annual report according to article 21 of
Regulation (EC) 1060/2009 on Credit Rating Agencies NYSE Euronext Announces Trading Volumes For November 2010
Highlights NYSE Euronext global derivatives ADV in November 2010 of 8.2 million contracts increased 12.6% compared to November 2009 and increased 9.9% from October 2010 levels. Open interest for the European derivatives businesses at the end of November 2010 was 82.8 million contracts, a decrease of 9.8% compared to November 2009, but an increase of 0.9% from October 2010 levels. read more If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
Source: Source
6. Dezember 2010. db x-trackers1, die Plattform der Deutschen Bank für
börsennotierte Indexfonds, veröffentlicht ab heute täglich aktualisiert Details der
Portfolios ihrer ETFs. Dazu gehört auch die Information zu der Höhe des Netto
Swap-Anteils in Prozent des Nettoinventarwerts (NAV), sowie die zur Minimierung des Netto- Kontrahentenrisikos hinterlegten Sicherheiten.
Bei allen bisher aufgelegten ETFs nutzt db x-trackers die Methode der synthetischen Replikation. Dabei wird die Wertentwicklung des Index auf der Seite des Swap-Partners Deutsche Bank generiert. Über eine Swap-Vereinbarung wird die Indexrendite an den ETF weitergegeben, so dass sich der ETF in der Regel jederzeit nahezu identisch zum unterliegenden Index entwickelt. Nach UCITS-III-Regeln darf das Netto-Kontrahentenrisiko in Bezug auf einen Kontrahenten je Fonds zehn
Prozent des Nettoinventarwertes des Fonds nicht übersteigen. „db x-trackers ETFs sind als UCITS-III-konforme Sondervermögen aufgelegt. Die jetzt veröffentlichten
Daten haben wir bisher bereits tagesaktuell auf Anfrage zur Verfügung gestellt und bieten sie nun auch regelmäßig im Internet an“, sagt Thorsten Michalik, verantwortlich für db x-trackers.
Source: db x-trackers
December 6, 2010--Societe Generale Corporate & Investment Banking and Lyxor Asset Management have announced the appointment of the new Exchange Traded Funds (ETF) management team in Europe:
Simon Klein is appointed as Head of ETF for Europe, effective 1st of January. He joins the bank from Deutsche Bank in Frankfurt where he was head of ETF and ETC sales for Continental Europe.
Based in Frankfurt, he will report to David Escoffier, Co-Head of Global Equity Flow of Societe Generale Corporate & Investment Banking, and to Laurent Seyer, Chief Executive Officer of Lyxor Asset Management.
Source: Online News
6. Dezember 2010. db x-trackers1, die Plattform der Deutschen Bank für
börsennotierte Indexfonds, hat einen ETF an der Deutschen Börse gelistet, mit dem Anleger an der Entwicklung des Aktienmarktes in Indonesien partizipieren können.
Der db x-trackers MSCI Indonesia TRN Index ETF bildet die Wertentwicklung des
MSCI Indonesia TRN Index ab, der die weltweit handelbaren indonesischen Aktien mit der höchsten Marktkapitalisierung enthält. Der von MSCI Inc. berechnete Index
umfasst alle Bereiche der indonesischen Wirtschaft.
Bisher ist der db x-trackers
MSCI Indonesia TRN Index ETF an den Börsen in London und Singapur gelistet und verwaltet ein Fondsvolumen von rund 100 Millionen US-Dollar.
Fondswährung: USD
ISIN: LU0476289623
Jährliche Pauschalgebühr:0.65%
Index Bloomberg Ticker: NDEUINF
Source: db x-trackers
December 6, 2010--The OECD secretariat has told the Working Party on Private Pensions and the Insurance and Private Pensions Committee (IPPC) that countries overhauling their pensions systems should seek to establish a balance between public and private pensions
This, it is argued, would help to maintain sustainable pension systems, which would be resilient to economic and other shocks.
Source: IP&E
December 6, 2010--On 12 November 2008 the European Commission published a draft Regulation (EC) 1060/2009 on credit rating agencies (CRAs), whose amended version was approved on 23 April 2009 by the European Parliament and on 27 July 2009 by the Council. The Regulation was signed on September 16 and entered into force on 7 December 2009.
Consequently, CRAs that wish to operate in the Community must apply for registration under the terms of the Regulation and comply, at all times, with the organizational, operational, procedural and disclosure requirements set out in its Annex I.
Source: CESR
December 6, 2010--Global Derivatives Averaged 8.2 Million Contracts per Day in November, Up 13% vs. Prior Year;
European Derivatives Up 2% vs. Prior Year, Up 23% Sequentially;
U.S. Options Averaged 3.9 Million Contracts, Up 29% vs. Prior Year;
European Cash Trading Volumes Up 17%, U.S. Cash Down 5% vs. Prior Year
NYSE Euronext (NYX) today announced trading volumes for its global derivatives and cash equities exchanges for November 2010[1]. Global derivatives average daily volume (“ADV”) of 8.2 million contracts traded per day in November 2010 increased 12.6% versus the prior year, and increased 9.9% from October 2010 levels.
The increase in global derivatives ADV versus prior year levels was driven primarily by a 28.5% increase in U.S. equity options ADV. Cash equities ADV in November 2010 was mixed, with European cash ADV increasing 16.6% and U.S. cash trading volumes decreasing 4.8% from November 2009 levels.
Source: Euronext
