| Source - top European ETC provider by NNA in 2011-continued | |||||
| February 3, 2012--Source continued its impressive run since entering the European ETP market in 2009 by leading all ETC issuers in net new assets in 2011 with US$1.26 billion of net inflows. The provider’s flagship ETC, Source Physical Gold, captured significant inflows, bringing assets in the product to over US$2.3 billion. | |||||
| Overall, Source commanded nearly 20% of total commodity ETP net new assets in Europe, doubling its total commodity assets under management to US$2.5 billion. These results were particularly meaningful given the presence of well-established competition in this market.
Stefan Garcia, head of commodity sales at Source commented, ‘I think that focusing on clients and providing them with commodity products that satisfy their multiple needs has put us in a very strong position in the commodity segment of the ETP market. In addition, with innovative new products, such as the new LGIM |
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| Source: Source ETF | |||||
| Europe ETP News |
| Eurozone sees bank union progress by June | |||
| May 24, 2013--Key obstacles to a banking union, seen as a keystone in locking down the debt crisis, should be resolved within the next few weeks, the official in charge of the day-to-day operation of the eurozone told AFP in an exclusive interview. | |||
| read more | |||
| European Commission will examine ICE-NYSE deal | |||
| May 24, 2013--Intercontinental Exchange has avoided having its proposed purchase of NYSE Euronext be examined by national regulators across Europe. | |||
| read more | |||
| NYSE says to spin off, not sell Euronext | |||
| May 24, 2013--NYSE Euronext with spin off European stock exchange group Euronext via an initial public offer rather than sell it following its merger with InterContinentalExchange (ICE), a senior executive said on Thursday. | |||
| read more | |||
| Frankfurt Stock Exchange calculates indicator for private investor sentiment | |||
| Bull/Bear Index tracks market opinion of 600 private investors
May 23, 2013--Frankfurt Stock Exchange is now measuring the expectations of private investors for the first time with its Bull/Bear Index. Until now, the indicator only measured the expectations of institutional investors. | |||
| read more | |||
| Moscow Exchange To Launch The Blue-Chip Index | |||
| May 23, 2013--On May 27, 2013 the Moscow Exchange will launch the Blue-Chip Index, the benchmark tracking performance of most liquid and highly capitalized securities of 15 Russian issuers. | |||
| read more | |||
| New Lyxor Active ETF launched in the XTF segment on Xetra | |||
| ETF tracks actively managed portfolio of implied volatility and money market
May 23, 2013--A new active ETF from the issuer Lyxor Asset Management has been tradable in Deutsche Börse's XTF segment since Thursday. Name: Lyxor ETF Unleveraged S&P 500 VIX Futures Enhanced Roll Asset class: volatility ISIN: FR0011376565 | |||
| read more | |||
| Lyxor switches seven UCITS ETFs to physical replication | |||
| May 23, 2013--Lyxor is extending its physically replicated exchange-traded fund range by switching seven UCITS ETFs which track the EUROMTS Investment grade indices from synthetic to physical replication. | |||
| read more | |||
| Vanguard chooses FTSE indexes for 4 new ETF equity funds | |||
| May 22, 2013--Vanguard Group, one of the largest managers of exchange-traded funds, will use stock market indexes from FTSE Group for four new funds based in Ireland, the companies said on Wednesday. | |||
| read more | |||
| NASDAQ OMX Commodities Launches German Power Initiative | |||
| Significant Market Interest Evident From New Liquidity Providers, Brokers And Market Makers May 22, 2013--The German Power Initiative, aimed at making the German power market more transparent, liquid and cost effective, continues to receive strong market support. | |||
| read more | |||
| STOXX introduces equal weight version for China A 50 Index | |||
| May 22, 2013--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today introduced the STOXX China A 50 Equal Weight Index, which represents the components of the recently launched STOXX China A 50 Index irrespective of their market capitalization by weighing them equally. | |||
| read more | |||
| Once-Sturdy Swiss Franc Continues to Slide | |||
| Currency Hits a Two-Year Low Versus the Euro as Switzerland's Leaders Guard Economy and Franc's Haven Allure Fades May 22, 2013--The Swiss franc sank to a two-year low against the euro Wednesday, as the country's central bank signaled it was willing to go on the offensive to protect its economy. | |||
| read more | |||
| Vanguard boosts ETF range with low-cost product suite | |||
| Vanguard Asset Management has launched four exchange traded funds (ETFs) providing low-cost exposure to global equity markets. May 22, 2013-- Vanguard Asset Management has launched four exchange traded funds (ETFs) providing low-cost exposure to global equity markets. | |||
| read more | |||
| New ETFs on NYSE Euronext | |||
| May 22, 2013--NYSE Euronext is pleased to announce that Lyxor has listed two new ETFs on NYSE Euronext Paris on
May 22, 2013: ETF Symbol: ULVO Listing date: 22/05/2013 ETF Trading name:LYX Unlev VIX EUR Underlying index: S&P VIX Futures Enhanced Roll | |||
| read more | |||
| NYSE Euronext announces new ETF on European markets | |||
| May 21, 2013--NYSE Euronext is pleased to announce that iShares has listed one new ETF on NYSE Euronext Amsterdam on
21 May, 2013: | |||
| read more | |||
| EMIR standards could push European firms to U.S, experts warn | |||
| May 21, 2013--Central-counterparty standards under the European Market Infrastructure Regulation could create regulatory arbitrage and prompt some European commodity traders to move their business to the U.S., market participants say. | |||
| read more | |||
| Euro area investment fund statistics | |||
| May 21, 2013--In March 2013, the amount outstanding of shares/units issued by euro area investment funds other than money market funds was €327 billion higher than one quarter earlier in December 2012. | |||
| read more | |||
| Moscow Exchange Starts Trading The First Ever Russian Mortgage Certificates | |||
| May 21, 2013--Today the Moscow Exchange welcomes mortgage-backed participation certificates* "ISU-1" managed by GFT CAPITAL Asset Management Company on its quotation list A1 intended for top securities. | |||
| read more | |||
| Single banking supervision system on right track but one step remains | |||
| May 21, 2013--MEPs on Tuesday broadly welcomed the package of rules setting up a single EU bank supervisor but also pointed out that important steps had yet to be taken to ensure the supervisor's accountability before the deal could be fully ratified by the house. | |||
| read more | |||
| Bats Chi-X Europe plots ETF clean-up | |||
| May 20, 2013--Bats Chi-X Europe, the largest pan-European trading platform, is looking to shake up the region's exchange-traded fund market with a new model for secondary trading. | |||
| read more | |||
| Borsa Italiana Launches Single Stock Dividend Futures On IDEM | |||
| May 20, 2013--Borsa Italiana launches single stock dividend futures on IDEM
New product listed today on IDEM, the derivatives market of Borsa Italiana Competitive pricing Liquidity guaranteed by three Primary Market Makers IDEM, the equity derivatives market of Borsa Italiana, has today broadened its offering, launching new futures on the dividends of single European blue-chip stocks. | |||
| read more | |||
| Boost Research-A golden short for the long run | |||
| May 20, 2013--Summary
Gold's fundamentals deteriorate: benign inflation, stock market rallies, resilient dollar and macro-stability undermine its price High real price of gold is off by ~30% from 2011 peak. The directional downturn from the 1980 peak may suggest the bear market for gold has much further to go | |||
| read more | |||
| Source launches US energy infrastructure ETF | |||
| May 20, 2013--Source, a leading European ETP provider, is delighted to announce the launch of the Source Morningstar US Energy Infrastructure MLP UCITS ETF, which seeks to track the Morningstar® MLP Composite IndexSM (TR). | |||
| read more | |||
| FESE European Equity Market Report- April 2013 Figures | |||
| May 17, 2013--The FESE European Equity Market Report April 3013 is now available. | |||
| read more | |||
| Two SPDR equity index ETFs launched on Xetra | |||
| May 16, 2013--Two new exchange-listed equity index funds issued by State Street Global Advisors have been tradable on Xetra(R) since Thursday. | |||
| read more | |||
| ESMA's report-Data on Prospectuses Approved and Passported-has been updated | |||
| May 16, 2013--NOTE: This Report is an amended version of the Report published on 25 September 2012. The previously published Report was amended on 15 May 2013 following the discovery of factual errors in the statis-tical information in Section III.2. | |||
| read more | |||
| Boost Research-Macro Outlook-Equities as the new safe haven? Strengthening cash-flows amidst | |||
| May 15, 2013--Summary
Strong cash flows and company balance sheets give equities a potential safe haven status, with lower downside risk than bonds or commodities Competitive dividend yields reflect a low growth environment and an overly risk averse corporate management style | |||
| read more | |||
| Flash estimate for the first quarter of 2013-Euro area GDP down by 0.2% and EU27 down by 0.1%, -1.0% and -0.7% respectively compared with the first quarter of 2012 | |||
| May 15, 2013--GDP fell by 0.2% in the euro area1 (EA17) and by 0.1% in the EU271 during the first quarter of 2013, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union. | |||
| read more | |||
| Eurozone trapped in austerity-led recession | |||
| May 15, 2013-- The dogged recession across the eurozone has snared key economy France, with the latest EU figures released Wednesday showing a full year-and-a-half of contraction as tens of millions languish in unemployment. | |||
| read more | |||
| DB-Synthetic Equity & Index Strategy-ETF Research-European Weekly ETF Market Review | |||
| May 15, 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. | |||
| read more | |||
| Lyxor cuts equity ETF fees further | |||
| May 15, 2013--Lyxor Asset Management has reduced the fees on two more of its core equity exchange traded funds in an attempt to make them more competitive, according to a note sent to clients on Monday. | |||
| read more | |||
| Fund managers split on Dax's upwards trend | |||
| Not all managers are sticking to Germany's stock market-despite its recent upwards trend. May 15, 2013--Germany's stock market reached its highest point ever last Friday but fund managers speaking to Citywire Global in the week immediately afterwards are mixed on their outlook. | |||
| read more | |||
| Euro area securities issues statistics | |||
| May 14, 2013--The annual rate of change of the outstanding amount of debt securities issued by euro area residents decreased from 0.4% in February 2013 to 0.0% in March. | |||
| read more | |||
| NASDAQ OMX Successfully Delivers SMARTS To Financial Conduct Authority (FCA) To Enhance Market Surveillance Capabilities | |||
| May 14, 2013--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and the Financial Conduct Authority (FCA), an independent body that regulates the financial services industry in the United Kingdom, today announced that the FCA has officially gone live with NASDAQ OMX's SMARTS Integrity market surveillance platform to enhance its monitoring of transaction reports across the UK's financial markets. | |||
| read more | |||
| Markets Insight: Cultures clash in Istanbul | |||
| Western regulatory medicine does not suit all May 14, 2013--The cliches are apposite: Istanbul is where cultures collide. Europe meets Asia; Christian history meets Islam. It is also where financial market cultures clash. | |||
| read more | |||
| Council adopts new rules on credit rating agencies | |||
| May 13, 2013--The Council today1 adopted a directive and a regulation amending the EU's rules on credit rating agencies (CRAs) ( 69/12 and 70/12). | |||
| read more | |||
| Moscow Exchange Indices Monthly Review: April 2013 | |||
| May 13, 2013--The Moscow Exchange Indices Monthly Review: April 2013 is available. | |||
| read more | |||
| BOOST Research -Despite "sell in May", outlook positive for equities, negative for commodities? | |||
| May 13, 2013--Summary
The "May-effect": resilient US labor market conditions not expected to derail investor's risk-appetite in the short term ? | |||
| read more | |||
| NYSE Euronext announces new ETF on European markets | |||
| May 13, 2013--NYSE Euronext is pleased to announce that ThinkCapital has listed one new ETF on NYSE Euronext Amsterdam on 13 May, 2013: ETF Symbol: TSWE Listing date: 13/05/2013 ETF Trading name: Think Sustainable | |||
| read more | |||
| Lyxor doubles physical ETFs after synthetic U-turn | |||
| May 13, 2013--Lyxor has doubled its number of physical exchange-traded funds with four recent new listings on NYSE Euronext Paris as the ETF provider pushes ahead with its move away from a synthetic-only product. | |||
| read more | |||
| Funds rush to dodge new European rules | |||
| May 12, 2013--A controversial hedge fund-lite structure looks likely to survive, despite a regulatory clampdown that has claimed its first victim. | |||
| read more | |||
| BlackRock ETF deal gets Irish approval | |||
| May 12, 2013--The Irish Competition Authority has cleared BlackRock's acquisition of Credit Suisse's exchange traded fund arm following a two-month initial investigation. | |||
| read more | |||
| Physical ETFs outpace synthetic funds | |||
| May 10, 2013--European physical exchange-traded funds have grown at twice the rate of synthetic ETFs since 2011, as scrutiny over the risks associated with synthetic products weighed upon the market. | |||
| read more | |||
| EBRD calls for urgent structural reforms as growth slumps | |||
| Slowdown in Russia is new source of weakness in region May 10, 2013--The EBRD has called for urgent structural reforms in emerging Europe after winding back its economic forecasts. | |||
| read more | |||
| EBRD and Borsa Istanbul join forces | |||
| Memorandum of Understanding to develop regional capital markets May 10, 2013--The European Bank for Reconstruction and Development and Borsa Istanbul are joining forces to develop regional capital markets. | |||
| read more | |||
| NASDAQ OMX to Offer Pre-Trade Risk Management Service to Nordic Derivatives Members | |||
| May 10, 2013--NASDAQ OMX announced it has launched a new Pre-Trade Risk Management (PRM) service, Genium INET PRM, to its Nordic derivatives customers. | |||
| read more | |||
| LSE Said to Hire Schwieger From Merrill as Equities Head | |||
| May 10, 2013--London Stock Exchange Group Plc (LSE) hired Brian Schwieger from Bank of America Corp.'s Merrill Lynch unit, three people with knowledge of the plans said. | |||
| read more | |||
| DB-Synthetic Equity & Index Strategy-Europe Monthly ETF Market Review-Fixed income flows surge as the gold price falls | |||
| May 9, 2013--Global Summary
Global ETP industry assets breached the $2 trillion mark with an increase of 8.4% YTD, while the European ETP industry ended the month at €290.1bn. The month of April was marked by cash inflows into fixed income (+$9.6bn) and equity ETFs (+$8.2bn), and cash outflows from commodity ETPs (-$9.3bn), notably gold products. | |||
| read more | |||
| Bats Chi-X Europe Gets Recognized Exchange Status in U.K. | |||
| May 9, 2013--Bats Chi-X Europe will become a recognized investment exchange later this month, enabling it to compete with stock exchanges across Europe for primary listings. | |||
| read more | |||
| ETF Stat April 2013--Borsa Italiana | |||
| May 9, 2013--The ETF Statistics of the ETF Plus Market for the month of April 2013 are now available. | |||
| read more | |||
| STOXX Introduces EURO STOXX 50 BuyWrite 100% Index | |||
| May 8, 2013--STOXX Limited, the market
moving provider of innovative, tradable
and global index concepts, today
introduced the EURO STOXX 50 BuyWrite 100% Index. The new index measures the performance of a hypothetical portfolio of a long position of the EURO STOXX 50 Index and a sold call option based on the EURO STOXX 50 Index. | |||
| read more | |||
| NASDAQ OMX Nordic New OMX Helsinki Benchmark portfolio selected | |||
| The new portfolio of the OMX Helsinki Benchmark index will become effective on June 3, 2013 May 8, 2013--The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces today the results of the semi-annual review of the OMX Helsinki Benchmark index, (NASDAQ OMX Helsinki: OMXHB), which will become effective with the market open on Monday, June 3, 2013. | |||
| read more | |||
| Russia reforms fail to win over investors | |||
| May 8, 2013--For the past four years, the Kremlin has been pouring time and money into turning Moscow into an international financial centre and, in principle, ticking all the right boxes. | |||
| read more | |||
| Buyers call for iShares to cut costs on UK ETFs | |||
| May 8, 2013--Fund buyers are calling on iShares to review the pricing of its range of UK exchange-traded funds (ETFs), especially the mainstream vehicles that are charging substantially more than their peers. | |||
| read more | |||
| Deutsche Borse introduces new corporate bond indices | |||
| May 7, 2013--Deutsche Börse has launched the new XETRA Prime and Entry Standard Bond index family. The new index family tracks all corporate bonds in the Entry Standard and Prime Standard for corporate bonds. | |||
| read more | |||
| The systemic importance of collateral and the role of the repo market-ICMA European Repo Council paper highlights the disruptive impact of the proposed FTT on the widespread use of collateral that underpins the modern financial system | |||
| May 7, 2013--A supplementary paper from the ICMA's European Repo Council explains the importance of collateral to the stability and efficiency of the financial system. | |||
| read more | |||
| Boost Research-WTI Crude Prices Approaching Resistance | |||
| May 7, 2013--WTI Crude Oil futures prices have rallied over 10% from the 18 April 2013 low of $85.61/bbl but the price gains are expected to stall ahead of $97.00/bbl to $98.24/bbl. resistance. | |||
| read more | |||
| FTSE climbs to five-and-a-half year peak as HSBC rallies | |||
| May 7, 2013--A surge in banking shares lifted the FTSE 100 to a 5-1/2 year high on Tuesday after Europe's largest lender HSBC reported estimate-beating results. | |||
| read more | |||
| Deutsche Borse creates new business segment for IT and Market Data | |||
| "Market Data + Services" to drive further innovation and growth
MAy 6, 2013--Deutsche Börse today announced the formation of a new "Market Data +Services" segment that combines its Market Data & Analytics unit with its external technology and connectivity services. | |||
| read more | |||
| BNY Mellon Nabs First Russian Exchange-listed ETF Client | |||
| May 4, 2013--Russia's investment management firm FinEx Group has selected BNY Mellon to provide custody and fund administration services for the first exchange-traded fund to be listed in Russia. | |||
| read more | |||
| New db X-trackers money market ETF launched on Xetra | |||
| May 3, 2013--A new exchange traded fund issued by db X-trackers has been tradable in the XTF segment on Xetra since Friday.
ETF name: db X-trackers II Australian Dollar Cash UCITS ETF Asset class: money market ETF ISIN: LU0482518031 Total expense ratio: 0.20 percent Distribution policy: non-distributing | |||
| read more | |||
| Statistical release: UK official holdings of international reserves, April 2013 | |||
| May 3, 2013--In summary this month's release shows that, in April 2013:
No intervention operations were undertaken. | |||
| read more | |||
| Spring forecast 2013-The EU economy: adjustment continues | |||
| May 3, 2013--The EU economy is projected to return to growth in the second half of 2013. Annual GDP is forecast to contract by 0.1% in the EU and 0.4% in the euro area this year. | |||
| read more | |||
| NYSE Euronext Monthly ETF Activity Report | |||
| May 2, 2013--In April 2013 there were two new ETF listings from Lyxor:
ETF Symbol: MFED Listing date: 25/04/2013 ETF Trading name: LYX ETF SXXT DR Underlying index: EURO STOXX TER: 0.30% | |||
| read more | |||
| Boerse Stuttgart reports April turnover in region of EUR 7.4 billion | |||
| Trading volume up in securitised derivatives and exchange-traded products
May 2, 2013--According to the order book statistics, the volume of securities traded at Boerse Stuttgart in April 2013 was around EUR 7.4 billion, slightly below the figure for March. | |||
| read more | |||
| SMA publishes the quarterly update of the notification thresholds for sovereign issuers | |||
| May 2, 2013--Esma has published the quarterly update of the notification thresholds for sovereign issuers. | |||
| read more | |||
| Bourse Istanbul hits all-time record, reaching 87,000 | |||
| May 2, 2013--Bourse İstanbul (BİST) broke a new record on Thursday, exceeding 87,000 points for the first time in its history in the closing of the morning session. | |||
| read more | |||
| NYSE Euronext announces new ETFs on European markets | |||
| May 2, 2013--NYSE Euronext is pleased to announce that Lyxor has listed three new ETFs on NYSE Euronext Paris on
May 2, 2013: ETF Symbol:MEUD Listing date:02/05/2013 ETF Trading name: LYX ETF EUROPE DR Underlying index:MSCI EUROPE TER:0.30% | |||
| read more | |||
| Deleveraging abating in emerging Europe amid regulatory and structural shifts | |||
| May 2, 2013--The second wave of funding reductions by western banks vis-à-vis Central, Eastern, and South Eastern Europe (CESEE) that started in mid-2011 is petering out. | |||
| read more | |||
| NASDAQ OMX-Trading Statistics April 2013 | |||
| May 2, 2013--NASDAQ OMX today publishes monthly trade statistics for the Nordic1 and Baltic2 markets. | |||
| read more | |||
| Turnover at Deutsche Boerse's cash markets at 103 billion euros in April | |||
| May 1, 2013-- Order book turnover on Xetra, the Xetra Frankfurt Specialist trading and Tradegate stood at €103.0 billion in April (April 2012: €99.2 billion). | |||
| read more | |||
| Funds hit at planned European transactions tax | |||
| April 30, 2013--Chief investment officers for some of the region's largest pension funds have warned over plans by 11 eurozone | |||
| read more | |||
| FTSE launches ET100 Environmental Technologies index | |||
| April 30, 2013--FTSE Group ("FTSE"), the global index provider, has launched the FTSE ET100 index, adding to its innovative FTSE Environmental Markets Series. Jupiter (one of the UK's leading fund groups) is adopting the new index as the benchmark for its pioneering Jupiter Ecology Fund immediately. | |||
| read more | |||
| Lyxor strengthens its Cross Asset Research with the appointment of Rob Koyfman | |||
| April 30, 2013--Lyxor Asset Management is reinforcing its Cross Asset Research team with the appointment of Rob Koyfman as Senior Strategist. | |||
| read more | |||
| Brussels plan will 'kill off' money funds | |||
| April 28, 2013--It could potentially force funds to switch excess cash into unsecured commercial paper. | |||
| read more | |||
| Institutional interest helping to drive growth in exchange traded funds | |||
| April 26, 2013--The European exchange traded products (ETP) market will more than double in size by the end of 2017 to reach $900 billion in assets, the global head of Blackrock's iShares funds said today. | |||
| read more | |||
| Amundi appoints Laurent Guillet, Chief Executive Officer of its London Branch | |||
| April 26, 2013--Continuing its international development, Amundi strengthens its subsidiary in the United Kingdom with the appointment of Laurent Guillet as Chief Executive Officer, Amundi London Branch. | |||
| read more | |||
| FCA sets out new rules for the platforms industry | |||
| April 26, 2013--The Financial Conduct Authority has published rules to make the way that investors pay for platforms more transparent. | |||
| read more |