| European ETP News |
| Bank of England Inflation Report, May 2012 | |||
| May 16, 2012--Overview Output had barely grown for a year and a half and was estimated to have contracted slightly in the past two quarters. The euro-area economy remained weak, but global activity overall continued to expand at a moderate pace. A number of one-off factors are likely to affect the pattern of quarterly growth of domestic output during 2012. | |||
| read more | |||
| Bank of England cuts growth forecasts, warns on euro crisis | |||
| May 16, 2012--The Bank of England on Wednesday cut its forecast for British growth and warned that the eurozone debt crisis was the biggest threat to recovery, even if a credible solution is found. | |||
| read more | |||
| Vanguard throws down the gauntlet in Europe | |||
| May 16, 2012--Vanguard Asset Management has thrown down the gauntlet to rival exchange-traded fund providers in Europe by confirming plans to launch five low-cost ETFs on the London Stock Exchange. | |||
| read more | |||
| HSBC Revamps Exchange-Traded Fund Business | |||
| May 15, 2012--HSBC (HBC) has moved its European exchange-traded-fund platform into the bank's global asset management division, in a restructure of its ETF business. | |||
| read more | |||
| IMKB celebrates the trading of "BMD Securities Type A Participation Index ETF | |||
| May 15, 2012--On the occasion of the first trading day of "BMD Securities Inc. Type A Paticipation Index Exchange Traded Fund", which is founded by Bizim Menkul De?erler, the executives and guests of the relevant brokerage house will visit IMKB (?stanbul Menkul K?ymetler Borsas?) and ring the opening bell of the Stock Market on May 16, 2012. | |||
| read more | |||
| Bank capital rules -14 May Economic and Monetary Affairs Committee vote | |||
| May 15, 2012--The Economic and Monetary Affairs Committee took a unanimous stand on the latest bank capital requirements legislation on Monday 14 May. The vote gives Parliament's negotiators, led by rapporteur Othmar Karas (EPP, AT), a strong hand in pushing its reform agenda with Member States. | |||
| read more | |||
| Deutsche Boerse Group to reduce equities clearing fees | |||
| Participants will save up to 20 percent of clearing fees May 15, 2012--Eurex Clearing is to lower the clearing fees for equity transactions on Xetra and Xetra Frankfurt Specialist with effect from 1 July. | |||
| read more | |||
| Flash estimate for the first quarter of 2012 Euro area and EU27 GDP stable | |||
| 0.0% and +0.1% respectively compared with the first quarter of 2011
May 15, 2012-- GDP remained stable in both the euro area1 (EA17) and the EU271 during the first quarter of 2012, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. | |||
| read more | |||
| Fiscal Policy: Growth dimension and control of new Commission powers needed | |||
| May 15, 2012--The European Commission should have more control over fiscal policy in EU Member States, but not the free rein it asked for, says the Economic and Monetary Affairs Committee in texts, voted on Monday, stating a position on the economic governance ""two pack". | |||
| read more | |||
| EC-Emissions Trading: Annual Compliance Round-Up Shows Declining Emissions In 2011 | |||
| May 15, 2012--Emissions of greenhouse gases from installations participating in the EU Emissions Trading System (EU ETS) decreased by more than 2% last year, according to the information provided by Member State registries. | |||
| read more | |||
| Euro area securities issues statistics-March 2012 | |||
| May 14, 2012--The annual growth rate of the outstanding amount of debt securities issued by euro area residents increased to 4.6% in March 2012 from 4.3% in February. | |||
| read more | |||
| Spring forecast 2012-13: towards a slow recovery | |||
| May 11, 2012--Following the output contraction in late 2011, the EU economy is estimated to be currently in a mild recession. | |||
| read more | |||
| Research Reveals That 1.4bn (euro) Flowed Into European Listed Commodity Exchange Traded Products In Q1 2012 | |||
| May 11, 2012--Commodities remain an important area in terms of asset gathering for European ETPs and new analysis by Lyxor reveals that in the first quarter of 2012 over €1.4bn has flowed into these exposures, which represents over 26% of all ETP net asset inflows. | |||
| read more | |||
| FSA publishes Recovery and Resolution Plan (RRP) update | |||
| May 10, 2012--The Financial Services Authority (FSA) has published a feedback statement setting out the approach being taken by the FSA to ensure firms develop appropriate recovery plans and resolution packs. | |||
| read more | |||
| S&P warns of $46tn refinancing challenge | |||
| May 10, 2012--European companies could face serious challenges refinancing a wall of maturing debt over the next few years as the region's banks deal with the impact of regulation and fallout from the eurozone debt crisis, according to a new report from Standard & Poor's. | |||
| read more | |||
| SPDR ETF on Asian government bonds launched on Xetra | |||
| May 10, 2012---A new exchange-listed bond index fund issued by SPDR (State Street Global Advisors) has been tradable on Xetra since Thursday. ETF name: SPDR Citi Asia Local Government Bond ETF Asset class: bond index ETF ISIN: IE00B7GBL799 | |||
| read more | |||
| Fuhr: costs fall as rivalry grows --but TERs still have a long way to go | |||
| May 9, 2012--Total expense ratios (TERs) for exchange traded funds (ETFs) in Europe have declined over the past year as increasing competition among providers has helped drive costs down. | |||
| read more | |||
| OTC derivatives market activity in the second half of 2011 | |||
| May 9, 2012--Large movements in the latest data are highlighted in the Statistical release. An analysis of recent trends will be released in conjunction with the forthcoming BIS Quarterly Review, to be published on 4 June 2012. Data at end-June 2012 will be released no later than 15 November 2012. | |||
| read more | |||
| European ETF market slumps after strong first quarter | |||
| May 9, 2012--The European ETF market slowed in April with outflows rising, dealing a blow to those predicting better growth this year. | |||
| read more | |||
| iShares expands fixed income range with eight single country Eurozone sovereign | |||
| Five funds offer world-first exposures for an ETF format
May 9, 2012-- iShares, the Exchange Traded Funds (ETF) platform of BlackRock, Inc. (NYSE: BLK) today announced the launch of eight funds that provid precise and targeted exposure to the sovereign debt of eight Eurozone countries. | |||
| read more | |||
| Greece at risk of leaving eurozone, says official | |||
| May 9, 2012--Greece could be forced to leave the eurozone if it fails to abide by EU and IMF loan commitments, a government economic advisor warned Wednesday as Athens raised prospects of renegotiating a bailout deal. | |||
| read more | |||
| DB - Equity Research-Weekly European ETF Market Monitor | |||
| May 9, 2012--The most recent issue of the European ETF Market Monitor. The report includes key statistics on the European ETF market as well as global ETF market highlights. | |||
| read more | |||
| New Amundi ETF launched on Xetra | |||
| EFT tracks S&P 500 with currency hedging
May 9, 2012--A new exchange-traded equity index fund issued by Amundi has been tradable in Deutsche Börse's XTF segment since Wednesday. ETF name: Amundi ETF S&P 500 EUR Hedged Daily Asset class: equity index ETF ISIN: FR0011133644 Total expense ratio: 0.28 percent | |||
| read more | |||
| Newsflash-new daily record in the Eurex KOSPI Product on 8 May 2012 | |||
| More than 525,000 contracts traded on a single day
Eurex KOSPI Product May 9, 2012-- New daily record turnover on 8 May 2012: 525,781 contracts Previous daily record on 9 November 2011: 387,935 contracts | |||
| read more | |||
| STOXX Launches STOXX+ Minimum Variance Indices in Collaboration with Axioma | |||
| May 8, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today introduced the STOXX+ Minimum Variance Index family. The new index family uses Harry M. Markowitz's Nobel Prize winning Modern Portfolio Theory to create a hypothetical, risk-optimized portfolio, which is based on a variety of STOXX indices. Axioma, a leading provider of portfolio constructions tools and risk models, provides the fundamental factor model used to calculate the rebalancing portfolios. | |||
| read more | |||
| 2012 Will Be a Year of Disruption for US Hedge Funds Trading Equities, Says TABB | |||
| Large Funds Slashing Broker Tails; 50% of Funds Want Greater Algorithmic Transparency; Rising Cost of Compliance a Top Concern
May 8, 2012--After enduring 2011's bruising markets, US hedge funds trading equities tell TABB Group that 2012 will be a year of disruption with market conditions, sell-side broker economics and regulation creating a triangle of change, already reshaping their trading environment. | |||
| read more | |||
| FTSE Licences MSS Real Estate LLP to launch FTSE UK Commercial Property Index Fund | |||
| May 8, 2012--FTSE Group ("FTSE"), the award winning global index provider, announces the licensing of MSS Real Estate LLP ("MSS") to create the FTSE UK Commercial Property Index Fund Limited, | |||
| read more | |||
| EEX creates Solution for Market Participants in Fulfilling REMIT Reporting Requirements | |||
| May 8, 2012--The European Energy Exchange (EEX) responds to the chal-lenges of a market environment which is increasingly shaped by regulatory require-ments. | |||
| read more | |||
| IMKB Signs a Memorandum of Understanding with Macedonian Stock Exchange | |||
| May 8, 2012--During the XIII Annual Conference of the Macedonian Stock Exchange, ?MKB Chairman and CEO Mr. ?brahim Turhan and Macedonian Stock Exchange CEO Mr. Ivan Steriev signed a Memorandum of Understanding on May 4 in Skopje. | |||
| read more | |||
| SIX Securities Services signs a Memorandum of Understanding with Turkey's post-trade infrastructure-Takasbank and MKK | |||
| May 8, 2012--In a landmark agreement, Switzerland's post-trade services provider, SIX Securities Services signed a Memorandum of Understanding (MoU) with both Takasbank and MKK to provide international clearing, settlement and custody services. | |||
| read more | |||
| NASDAQ OMX starts trading in new ETFs from Swedbank Robur | |||
| May 7, 2012--NASDAQ OMX (NASDAQ:NDAQ) today starts trading in a new series of ETFs (Exchange Traded Funds) from Swedbank Robur. | |||
| read more | |||
| New OMX Stockholm Benchmark Portfolio Selected | |||
| The new portfolio of the OMX Stockholm Benchmark index will become effective on June 1, 2012
May 7, 2012-The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces today the results of the semi-annual review of the OMX Stockholm Benchmark index, (NASDAQ OMX Stockholm: OMXSB), which will become effective with the market open on Friday, June 1, 2012. | |||
| read more | |||
| ESMA publishes its 2012 regulatory work programme | |||
| May 7, 2012--ESMA's annual regulatory programme aims to provide information on the planned technical standards, technical advice and guidelines & recommendations to be issued by ESMA in 2012. | |||
| read more | |||
| ESMA launches a call for evidence on transaction reporting | |||
| May 7, 2012--This call for evidence seeks to collect interested parties' views on what elements ESMA should consider in its work on guidelines on harmonised transaction reporting, as well as opinions on what areas of the OTC derivatives guidelines need to be updated. | |||
| read more | |||
| Switzerland: Selected Issues Paper | |||
| May 7, 2012--UNPRECEDENTED CURRENCY APPRECIATION AND POLICY RESPONSE A. Introduction 1. Last year saw an unprecedented appreciation of the Swiss franc and a series of policy actions by the SNB to stem it. | |||
| read more | |||
| Source offers optimised exposure to Brent Crude | |||
| May 7, 2012--Source is pleased to announce the launch of the Source Brent Crude Enhanced T-ETC (Ticker: BOIL), pursuant to its Treasury bill secured ETC programme. | |||
| read more | |||
| Renegotiating EU fiscal pact 'not possible': Germany | |||
| May 7, 2012--The German government on Monday ruled out reworking the European Union's fiscal pact despite calls to do so by French president-elect Francois Hollande. | |||
| read more | |||
| New rules will help grow ETF market | |||
| May 6, 2012--Expansion of the European exchange traded funds market due to regulatory changes is "inevitable," according to Joe Linhares, head of iShares Emea for BlackRock. | |||
| read more | |||
| London Stock Exchange-Monthly Market Report - April 2012 | |||
| APril 4, 2012--London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community, offering international business unrivalled access to Europe's capital markets. In April a total of 31.1 million trades were carried out across the Group's electronic equity order books, an increase of 42 per cent on April 2011. | |||
| read more | |||
| IMKB starts calculating IPO Index on May 7 | |||
| May 4, 2012--IMKB will start calculating an Initial Public Offering (IPO) Index consisting of the stocks of the companies that go public and start trading on ?MKB National Market and Second National Market, and those of real estate investment trusts and venture capital investment trusts that start trading on ?MKB Collective Products Market. | |||
| read more | |||
| DB - Equity Research- Equity Research -European ETF Market Monthly Monitor : Pressure on equity markets continues in April | |||
| May 4, 2012--DAX dominates European ETF flows in April The European equity market experienced overall negative pressure in April, with most of the region's major equity indices losing ground. The Euro Stoxx 50 lost 6.9%, the DAX lost 2.7% and the FTSE 100 lost 0.5%. A number of question marks hovered above the market. With elections looming in France and Greece as well as concerns about Spain's spending discipline, investors continue to deliberate on market direction. | |||
| read more | |||
| EDHEC-Risk study highlights the need to reform retirement systems and corporate pension funds | |||
| MAy 3, 2012--A new EDHEC-Risk Institute study entitled "Shifting Towards Hybrid Pension Systems: A European Perspective," made possible with the support of AXA Investment Managers, highlights the need to reform retirement systems and pension funds, as well as the need to adopt professional management structures and to considerably improve the product offering of defined-contribution (DC) funds. | |||
| read more | |||
| Fundamental review of trading book capital requirements: consultation by the Basel Committee | |||
| May 3, 2012--The Basel Committee on Banking Supervision today issued a consultative document on the fundamental review of trading book capital requirements. These proposals will strengthen capital standards for market risk, and thereby contribute to a more resilient banking sector. | |||
| read more | |||
| ARC on FTSE controversy: should indices be free goods? | |||
| May 3, 2012--In recent weeks the trade press has seen a lively debate on the issue of index licence charges, sparked off by the FTSE Group approaching a number of small and medium sized wealth managers for payment in relation to the use of FTSE indices on client valuations and marketing documentation. | |||
| read more | |||
| Two new ETFs launched on the ISE | |||
| USD listed on the Istanbul Stock Exchange
May 3, 2012-Finansbank launched two new Exchange Traded Funds on the Istanbul Stock Exchange: DOLAR and GUMUS. DOLAR, Turkey's the first currency ETF, offers the performance of the USD/TRY exchange rate performance to investors. With DOLAR, investors are now able to trade the USD/TRY exchange rate on the Istanbul Stock Exchange with a narrow spread. | |||
| read more | |||
| db x-trackers bond index ETFs on euro zone and German government bonds launched on Xetra | |||
| May 3, 2012--Three new exchange traded funds issued by db x-trackers II, a subsidiary of Deutsche Bank, have been tradable in the XTF segment on Xetra since Thursday. ETF name: db x-trackers II Eurozone Sovereigns Double Long Daily ETF Asset class: bond index ETF ISIN: LU0621755080 | |||
| read more | |||
| STOXX Monthly Index Report -April 2012 In Review | |||
| As of April 30, 2012 stock market indices in Europe, Asia, the U.S. and globally were up as well as down in April, according to global index provider STOXX Limited. | |||
| read more | |||
| Average daily volume of 10.9 million contracts at Eurex Group in April | |||
| May 2, 2012-- In April 2012, the international derivatives exchanges of Eurex Group recorded an average daily volume of 10.9 million contracts (April 2011: 10.5 million). | |||
| read more | |||
| Trading turnovers in April-95 billion euros turnover on Xetra | |||
| May 2, 2012--Order book turnover on Xetra and the Xetra Frankfurt specialist trading stood at €99.2 billion in April-a decrease by 8 percent year-on-year (April 2011: €108.3 billion). | |||
| read more | |||
| EEX launches Derivatives Market for EUAA and ERU-CF Partners new Liquidity Provider | |||
| May 2, 2012--On 30 April 2012, the European Energy Exchange (EEX) launched the Derivatives Market for EU Aviation Allowances (EUAA). Thus, EEX expands its product range with emission allowances which can be used by airlines for compliance purposes. | |||
| read more | |||
| On the occasion of the first trading day of "U.S. Treasury USDTRY Exchange Traded Fund" which, is founded by Finans Asset Management, the executives and guests of the relevant company will visit ?MKB (?stanbul Menkul K?ymetler Borsas?) | |||
| and ring the opening bell May 2, 2012--On the occasion of the first trading day of U.S. Treasury USDTRY Exchange Traded Fund, which is founded by Finans Asset Management, the executives and guests of the relevant company will visit ÌMKB (Ìstanbul Menkul K?ymetler Borsas?) and ring the opening bell of the Stock Market on May 2, 2012. | |||
| read more | |||
| Eurozone manufacturing heads towards recession: Markit | |||
| May 2, 2012--Gloom over eurozone manufacturing deepened in April, highlighting the impact of policies to control budgets and signalling recessionary pressures, a Markit survey showed on Wednesday. | |||
| read more | |||
| Deborah Fuhr: happy twelfth birthday ETFs | |||
| May 2, 2012--A review of the exchange traded fund (ETF) industry in Europe seemed appropriate as April marked the twelfth anniversary of the first ETF in Europe. | |||
| read more | |||
| European ETF/ETP industry as at end of April 2012 -Preliminary findings | |||
| May 2, 2012--Summary for European listed ETFs
At the end of April 2012, the European ETF industry had 1,295 ETFs, with 4,579 listings, assets of US$291.0 Bn, from 37 providers on 21 exchanges. Assets ETF assets have decreased by 3.4% from US$301.3 Bn in March 2012 to US$291.0 Bn in April 2012. YTD through end of April 2012, ETF assets have increased by 8.8% from US$267.6 Bn to US$291.0 Bn. | |||
| read more | |||
| S&P cuts Turkey rating outlook to stable from positive | |||
| May 1, 2012--Standard & Poor's cut the outlook on Turkey's 'BB' sovereign credit rating to stable from positive on Tuesday, saying risks to its creditworthiness had risen as a result of its high debt and worsening terms of trade as demand for its exports weakens. | |||
| read more | |||
| Euro area economic and financial developments by institutional sector-4th Quarter 2011 | |||
| April 30, 2012--In the fourth quarter of 2011, the annual growth rate1 of households' gross disposable income decreased to 1.8%, down from 2.4% in the previous quarter (see Table 2). The annual growth rate of households' consumption expenditure was 1.6% in the fourth quarter compared with 2.9% in the previous quarter. | |||
| read more | |||
| Deutsche Boerse completes Eurex takeover | |||
| Acquisition of SIX Swiss Exchange's 50-percent share closed
April 30, 2012--Deutsche Börse Group today completed its full acquisition of Eurex Zürich AG. | |||
| read more | |||
| FSB Publishes Interim Report on Securities Lending and Repos | |||
| April 27, 2012--The Financial Stability Board (FSB) published today a report entitled Securities Lending and Repos: Market Overview and Financial Stability Issues. The report describes the segments, operations and practices of these securities financing markets, which may constitute an important element of the shadow banking system. | |||
| read more | |||
| Hedge funds bet against eurozone | |||
| April 27, 2012--Hedge fund managers make for unlikely supporters of François Hollande, the French socialist presidential candidate. | |||
| read more | |||
| Second Meeting of the Financial Stability Board Regional Consultative Group for Europe | |||
| April 27, 2012--In November 2010, the Financial Stability Board (FSB) announced arrangements to expand and formalise outreach beyond its membership. | |||
| read more | |||
| Spain in 'crisis of enormous magnitude' as unemployment rate nears 25% | |||
| April 27, 2012--The hole in Spain's economy is getting deeper.
The government reported Friday that unemployment rose to 24.4 per cent in the first quarter-compared with 22.9 per cent in the fourth quarter- and that more than half of Spaniards under 25 are now without jobs. | |||
| read more | |||
| Deutsche Boerse introduces DAX ex Financials Index | |||
| April 26, 2012--Deutsche Börse has launched the DAX ex Financials Index, which measures all stocks in the German blue-chip DAX index except for banks and financial services companies. | |||
| read more | |||
| Selectors believe Alt Ucits are a 'disaste' waiting to happen' | |||
| April 26, 2012--Fund selectors are split on the viability of Alternative Ucits funds with a majority voicing concern over their risks, according to a poll conducted at the latest Citywire event in Luxembourg. | |||
| read more | |||
| Standard & Poor's cuts rating on Spain's debt 2 notches on debt concerns; outlook negative | |||
| April 26, 2012--Standard & Poor's lowered Spain's long-term credit rating by two notches on Thursday, saying the country's budget problems are likely to get worse because of the weak economy. | |||
| read more | |||
| Economic sentiment flat in the EU and down in the euro area | |||
| April 26, 2012--The Economic Sentiment Indicator (ESI) remained stable in April in the EU at 93.2. In the euro area it decreased significantly by 1.7 points (to 92.8), thereby offsetting the gains recorded over the first quarter of 2012. The decline in the euro area was mainly driven by weakening confidence in the industry and services sectors. | |||
| read more | |||
| Synthetic ETF market to continue growing | |||
| April 26, 2012--A new report projects continued growth for derivative-based exchange traded funds, despite outflows hitting record levels last year amid worries over increased regulation. | |||
| read more | |||
| ECB Says European Financial Integration Dealt Setback by Crisis | |||
| April 25, 2012--The European Central Bank said the sovereign debt crisis has caused a "marked deterioration" in financial integration in the euro area and urged governments to strengthen policy frameworks. | |||
| read more | |||
| Financial transaction tax: a wider and stronger net is possible | |||
| April 25, 2012--The proposed financial transaction tax should be better designed to capture more traders and to make evading it unprofitable, says a resolution adopted on Wednesday by the Economic and Monetary Affairs Committee. The resolution also says the tax should go ahead even if only some Member States opt for it. | |||
| read more | |||
| BME upgrades Spanish stock exchange trading platform | |||
| April 25, 2012--BME has upgraded the Spanish stock exchange's trading platform (SIBE) successfully, in this way bringing trading in Shares, ETFs, Warrants and other investment products into one single system. | |||
| read more | |||
| Sterling hit as UK back in recession, Fed eyed | |||
| Sterling drops after UK GDP data surprises on downside
Pound retreats from 7-1/2 month high vs dollar April 25, 2012--Sterling retreated from a 7-1/2 month high against the dollar and fell against the euro on Wednesday, after data showed the UK economy had slid back into recession, keeping alive the chances of more monetary stimulus from the Bank of England. | |||
| read more | |||
| Vanguard Move May Ignite Euro ETF Price War | |||
| April 25, 2012--Vanguard has added three hires to their London-based sales force in preparation to target Europe with a number of ETFs, reports Sophia Baker for Financial News. | |||
| read more | |||
| DB - Equity Research- Equity Research - Europe-Weekly European ETF Market Monitor | |||
| April 24, 2012--The Weekly European ETF Market Monitor includes key statistics on the European ETF market as well as global ETF market highlights.. | |||
| read more | |||
| European ETF inflows drop by a third in Q1 | |||
| April 24, 2012--New inflows into exchange traded funds listed in Europe dropped by almost a third in the first quarter as concerns over tensions in the eurozone prompted investors to withdraw from European equity and sovereign bond ETFs. | |||
| read more | |||
| State Street launches two strategies on Deutsche Bank platform | |||
| April 24, 2012--State Street Global Advisors has today launched two currency strategies on Deutsche Bank's dbSelect liquid hedge fund platform. | |||
| read more | |||
| Strong demand for bonds of EU bailout fund | |||
| April 24, 2012--The EU's bailout fund, the EFSF, said it attracted strong demand on Tuesday in its first auction of seven-year debt, with strong demand from Asia, central banks and sovereign wealth funds. | |||
| read more | |||
| EU's Barnier voices concern on U.S. derivatives rules | |||
| EU regulation chief warns rules could confuse EU banks Barnier writes to Washington asking for delay April 23, 2012--The European Commission has urged regulators in Washington to delay elements of new derivatives regulation, fearing that confusion surrounding some of the rules will harm EU banks operating in the United States. | |||
| read more | |||
| FSA-Fact Sheet for ETFs | |||
| April 23, 2012--FSA has published the FSA Fact Sheet for Investment Advisers-ETPs. This factsheet is for any firm or adviser who:
currently includes ETPs as part of their advice offering; or is considering including ETPs in their advice offering.< | |||
| read more | |||
| SIX Swiss Exchange Upgrades Equity Trading Platform And Successfully Rolls Out Co-Location Service To Participants | |||
| April 23, 2012--SIX Swiss Exchange has successfully completed the upgrade of its trading platform. The upgrade was developed in collaboration with NASDAQ OMX. | |||
| read more | |||
| Russian firm enters Europe with double Ucits launch | |||
| April 23, 2012--Russian firm Troika Dialog Asset Management has launched two Ucits-compliant funds to enable international investors to gain access to Russian equity and fixed income opportunities. | |||
| read more | |||
| Industry calls for consolidated ETF tape in Europe | |||
| April 23, 2012--With about two thirds of European ETF trading still conducted over-the-counter, providers are calling for comprehensive reporting of ETF trading to reduce fragmentation and cost and improve transparency and liquidity. | |||
| read more | |||
| Nine new Lyxor ETFs launched on Xetra | |||
| April 23, 2012--Nine new ETFs issued by Lyxor International Asset Management have been tradable in Deutsche Börse's XTF segment since Monday. | |||
| read more | |||
| IMF Working paper-Bank credit, asset prices and financial stability: Evidence from French banks | |||
| April 23, 2012--Summary: This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and supply factors, both for the whole 1993-2010 period and during periods of financial instability. | |||
| read more | |||
| Government is on track to cut cost of delivering infrastructure | |||
| April 23, 2012--The Government has today published the first annual report of the three year Infrastructure Cost Review programme launched in March 2011 and led by Infrastructure UK. | |||
| read more | |||
| Spanish economy 'back in recession' | |||
| April 23, 2012--Spain's economy has contracted 0.4% in the first quarter of the year and the country is now in a technical recession, latest figures show. | |||
| read more | |||
| Eurozone economic activity contracts | |||
| April 23, 2012--Eurozone economic activity has contracted unexpectedly sharply this month, pushing the region deeper into recession and dashing hopes that action to combat its debt crisis would soon pave the way for a gradual recovery. | |||
| read more | |||
| Behind the exchange-traded label | |||
| April 22, 2012--Investors in products bearing the exchange-traded label almost invariably assume they have invested in funds regulated under European Ucits rules. | |||
| read more | |||
| MiFID threatens liquidity -and traders | |||
| April 20, 2012--As the sweeping reforms contained in the so-called MiFID II proposals creep closer to being incorporated into European regulations, bond specialists are preparing for a fundamental shift in fixed-income markets. | |||
| read more | |||
| Research says lack of data consolidation is pushing buy side flow into dark pools | |||
| April 20, 2012--New research from TradeTech Pulse suggests that the lack of data consolidation and established data standards across Europe is increasingly pushing asset managers to direct flow into dark pools, as they are finding it so hard to navigate across the fragmented nature of the markets in Europe. | |||
| read more | |||
| ESMA advises Commission on short-selling regulation | |||
| April 20, 2012--ESMA has published today its final advice on possible delegated acts concerning the Short-Selling Regulation. | |||
| read more | |||
| Turkey-Sustained and Equitable Growth for Continued Economic Success | |||
| April 20, 2012--Synopsis Turkey is one of the greatest success stories of the global economy based on its rapid economic growth and development over the last decade. Extreme poverty has been eliminated; the Millennium Development Goals for maternal mortality and universal primary education have been achieved; and Turkey is working towards reaching the remaining goals by 2015. | |||
| read more | |||
| DTCC, EFETnet Launch Global Trade Repository For Commodities Derivatives | |||
| April 19, 2012--EFETnet B.V. and The Depository Trust & Clearing Corporation (DTCC) announced today that, following their successful pilot program launched in January as the first global repository for OTC commodity swaps, they have begun accepting trade submissions from commodity market participants into the new Global Trade Repository for Commodities (GTRfC). | |||
| read more | |||
| ECB publishes the Eurosystem Oversight Report 2011 | |||
| April 19, 2012--The European Central Bank (ECB) has today published the Eurosystem Oversight Report 2011, which provides information on the Eurosystem's oversight policies and main oversight activities between the late summer of 2009 and the late summer of 2011. The previous and first Eurosystem Oversight Report was published in November 2009. | |||
| read more | |||
| Hedge fund assets swell to new high | |||
| April 19, 2012--The global hedge fund industry has seen its assets swell to a new high, according to the latest data from a leading hedge fund database. | |||
| read more | |||
| Market volatility sparks leveraged ETF trading | |||
| April 19, 2012--Trading of leveraged exchange-traded funds soared in Europe last week after an increase in volatility produced gains for investors, pushing trading volumes up to a six-month high. | |||
| read more | |||
| IMF warns against big bank deleveraging in Europe | |||
| April 18, 2012--Growing pressure on European banks to clean up their books could deeply impact economic growth in the eurozone, the International Monetary Fund warned Wednesday. | |||
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| Wen says China to 'firmly support' efforts to maintain euro | |||
| April 18, 2012--China will firmly support efforts to maintain the stability of the euro and the European economy, Premier Wen Jiabao told German Chancellor Angela Merkel Wednesday, state media said. | |||
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| A new EDHEC-Risk survey reveals that "transparency, information and governance" tops the list of concerns for European fund management industry professionals in the area of non-financial risk management | |||
| April 17, 2012--More than 160 high-level European fund management industry professionals were surveyed by EDHEC-Risk as part of the "Risk and Regulation in the European Fund Management Industry" research chair, sponsored by CACEIS. | |||
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| March 2012--Euro area annual inflation stable at 2.7% | |||
| April 17, 2012--Euro area1 annual inflation was 2.7% in March 2012, unchanged compared with February2. A year earlier the rate was 2.7%. Monthly inflation was 1.3% in March 2012. | |||
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