New BlackRock service to slash ETF costs -continued

February 10, 2012--BlackRock is to launch a best execution service designed to lower the costs of owning exchange traded funds (ETFs) at a time when fees and charges are coming under increasing scrutiny.
Leland Clemons, previously head of iShares’ ETF capital markets based in the US, will head the service in the newly created role of head of capital markets, covering Europe, the Middle East and Africa (EMEA).

‘We will help clients lower the costs of ownership by more efficient trading and lowering the costs of entry,’ said Leland. ‘If you buy something cheaper, this helps save eating into returns over time.’

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Source: City Wire

Europe ETP News
ESMA agrees to proposed short-selling ban by Greek HCMC
June 29, 2015--The European Securities and Markets Authority (ESMA) has issued today its official opinion agreeing to a seven-day emergency short selling prohibition proposed by the Hellenic Capital Market Commission (HMCM) under the Short Selling Regulation.
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The Irish Stock Exchange (ISE) commences its new online application process for International Security Identification Numbers (ISINs)
June 29, 2015--The Irish Stock Exchange (ISE) commences its new online application process for International Security Identification Numbers (ISINs) today through its secure and easy to use online portal
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Research reveals planned future use of different types of ETPs
June 29, 2015--New research from Source, one of the largest providers of Exchange Traded Products (ETPs) in Europe, reveals that those investing in ETPs on average use three to four different types, and 78% plan to maintain or increase their exposure to these products during 2015.
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Securities financing transactions: Council confirms agreement with EP on transparency rules
June 29, 2015--On 29 June 2015, the Permanent Representatives Committee endorsed, on behalf of the Council, an agreement on improving the transparency of securities lending and repurchase transactions.
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SIX has entered into negotiations with Deutsche Boerse over the complete sale of the shares it holds in the joint ventures STOXX AG and Indexium AG
June 29, 2015--STOXX AG and Indexium AG are operated as joint ventures by SIX and Deutsche Börse AG (DBAG).
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Record fund listings on London Stock Exchange in first half of 2015
June 26, 2015--14 fund IPOs on London's markets in first half of 2015, raising £2.3bn, a 6 per cent increase on last year
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MNI Russia Business Sentiment Rises to 51.8 in June
June 26, 2015--First Rise in Exports since the Introduction of Sanctions
Easing inflationary pressures, growing order books and improved access to credit all contributed to the more upbeat attitude of large Russian companies in June, providing additional support for our previous assertion that a turning point in the business environment may have been reached.
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EBA presents advice on criteria and capital treatment for securitisation
June 26, 2015--The EBA presents its recommendations on a European Union (EU) framework for qualifying securitisations at a public hearing held in London today.
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New ETF Listing on Euronext-COMMERZBANK
June 26, 2015--Euronext is pleased to announce that COMMERZBANK CCBI INVESTMENT FUNDS ICVC will list 2 new ETFs on 30/06/2015 :
ETF Trading name: CBK CCBI MM CNY
ETF Symbol: CCMR
Venue: Euronext Paris
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New ETF Listing on Euronext-LYXOR
June 23, 2015--Euronext is pleased to announce that LYXOR INTERNATIONAL AM will list 1 new ETF on 25/06/2015:
ISIN: FR0012726560
ETF Symbol: MVAU
Venue: Euronext Paris
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New ETF Listing on Euronext-First Trust
June 23, 2015--Euronext is pleased to announce that First Trust Glob. Funds PLC will list 1 new ETF on 25/06/2015:
ETF Symbol: FJP
Venue: Euronext Paris
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ESMA publishes Guidelines on periodic information to be submitted by Credit Rating Agencies
June 23, 2015--ESMA today publishes the guidelines on periodic information to be submitted to ESMA by Credit Rating Agencies, in all EU languages.
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Russia Stuck at Junk as S&P, Moody's Crush Hopes for Upgrade
June 23, 2015--Russia will probably be saddled with a junk credit rating for two more years, Standard & Poor's said, joining Moody's Investors Service in dashing expectations by officials for a higher debt grade.
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Euro area investment fund statistics
June 22, 2015--In April 2015, the amount outstanding of shares/units issued by euro area investment funds other than money market funds was €18 billion higher than in March 2015.
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Five Presidents' Report sets out plan for strengthening Europe's Economic and Monetary Union as of 1 July 2015
June 22, 2015--Today, the five Presidents-European Commission President Jean-Claude Juncker, together with the President of the Euro Summit, Donald Tusk, the President of the Eurogroup, Jeroen Dijsselbloem, the President of the European Central Bank, Mario Draghi, and the President of the European Parliament, Martin Schulz-have revealed ambitious plans on how to deepen the Economic and Monetary Union (EMU) as of 1 July 2015 and how to complete it by latest 2025.
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Amundi names UK institutional head after Wiggins departs
June 21, 2015--Head of corporate relationships moves to run UK institutional business at the French
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PowerShares S&P 500 VEQTOR UCITS ETF launched on Xetra
ETF dynamically tracks S&P 500 Index in combination with S&P 500 VIX Short Term Futures
June 19, 2015--A new index fund from the ETF offering issued by PowerShares Global Funds has been tradable on Xetra and Börse Frankfurt since Friday.
ETF name: PowerShares S&P 500 VEQTOR UCITS ETF
Asset class: multi-asset index ETF
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EU agrees rules to curb bank trading risks
June 19, 2015--EU finance ministers agreed a draft law to rein in trading risks at banks on Friday, including an exemption for Britain's lenders because they already face similar curbs.
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Moscovici Says EU Transactions Tax May Come Together Soon
June 19, 2015--European efforts to design a financial-transactions tax for 11 willing nations may come together soon, European Union Economic and Tax Commissioner Pierre Moscovici said.
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LSE Names Former LME Chairman Donald Brydon to Head Its Board
June 19, 2015--London Stock Exchange Group Plc named the former London Metal Exchange chairman, Donald Brydon, as the new head of its board, according to a statement on Friday.
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EBA updates on consumer trends in 2015
June 18, 2015--The European Banking Authority (EBA) published today its fourth annual Consumer Trends Report. The report, which covers all the products that fall into the EBA's consumer protection mandate, such as mortgages, personal loans, deposits, payment accounts, payment services and electronic money, highlights the trends the EBA has observed with these products in 2015 and the issues that may arise, or have arisen, for consumers buying them.
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Unscheduled component changes to SDAX: Ferratum OYJ will replace Westgrund AG
June 18, 2015--Deutsche Börse has announced that Westgrund AG will be replaced by Ferratum OYJ in SDAX.
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Dutch trading firm Flow Traders to list in Amsterdam
Owners plan to sell 40 percent stake
June 18, 2015--The owners of Flow Traders, a Dutch high-frequency trading firm, plan to sell around 40 percent of the business through a listing of its shares on the Euronext stock exchange in Amsterdam, the company said on Thursday.
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S&P says uncertainty in Turkey likely to persist for few months
June 18, 2015--Ratings agency Standard & Poor's (S&P) said on Thursday it expected uncertainty to persist in Turkey over the next few months after an inconclusive election and, in the event of snap polls, to intensify by year-end and potentially hinder growth.
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ESMA asks Commission to delay CSDR technical standards
June 18, 2015--The European Securities and Markets Authority (ESMA) has published today a letter informing the European Commission of its intention to delay its draft technical standards (TS) for the Central Securities Depositories Regulation (CSDR) to September 2015
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New currency ETN from ETFS Foreign Exchange launched on Xetra
ETN tracks the exchange rate movements of the euro to the Swiss franc
June 17, 2015--A new exchange traded note (ETN) from the ETFS Foreign Exchange Limited product family has been tradable via Xetra and Börse Frankfurt since Wednesday.
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EU Seeks Transaction Tax as 11 States Meet in Bid to Choose Path
June 17, 2015--The 11 European nations seeking a financial-transactions tax will meet Thursday in Luxembourg in a bid to decide how to design the measure, according to European Union officials.
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Lyxor and J.P.Morgan team up to launch an innovative range of risk factor ETFs
June 17, 2015--Lyxor ETF, the second largest issuer of ETFs in Europe in terms of inflows year to date, with almost EUR 50 billion in assets under management, is partnering with J.P. Morgan to launch a new range of risk factor ETFs.
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Credit Agricole, SocGen to List Asset Management JV Amundi
June 17, 2015--French banks Societe Generale SA (GLE.FR) and Credit Agricole SA (ACA.FR) said Wednesday they planned to list their asset management joint venture Amundi.
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New ETF Listing on Euronext-PowerShares
June 17, 2015--Euronext is pleased to announce that PowerShares will list 1 new ETF on 19/06/2015:
ETF Trading name: PS SP VEQTOR ETF
ETF Symbol: SPVX
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More transparency for securities financing transactions: Council and Parliament agree new rules
June 17, 2015--On 17 June 2015, the Council presidency and the European Parliament reached an agreement on a regulation to improve the transparency of securities lending and repurchase transactions.
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Bond Buyers Beware: Bund's premium irrational with Eurozone moving beyond crisis point
June 17, 2015--Too much longevity in ECB' QE program may have been priced into Eurozone's safest long-dated bonds as sub-zero inflation linked bond yields of Germany suggest unrealistic 'crisis like' conditions.
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Amundi appoints deputy CIO
June 16, 2015--Amundi has announced the appointment of Vincent Mortier as deputy chief investment officer.
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EU regulators stick to their guns over broker commission rule
June 16, 2015--Stock market research used by asset managers must be paid for separately and not bundled into broker commission, European Union regulators said on Tuesday in the face of pushback from some lawmakers.
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City's stockbrokers prepare for biggest shake-up in decades
June 15, 2015--As brokers and asset managers gathered for the Extel awards -dubbed the "City Oscars"-last week, one topic took centre stage.
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ESMA launches new strategy and publishes 2014 annual report
June 15, 2015--The European Securities and Markets Authority (ESMA) has published today its strategy for 2016-2020. As ESMA is moving from its formative years to the next phase, a strategic review was conducted to set the new direction and priorities of ESMA within this changing environment.
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Default dangerously closer after Greece debt talks collapse
June 15, 2015--Default by debt-wracked Greece loomed dangerously closer after last-ditch talks between Athens and its EU-IMF creditors collapsed on Sunday, bringing the threat of a Greek exit from the euro closer than ever.
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Early estimates of CO2 emissions from energy use In 2014, CO2 emissions in the EU estimated to have decreased by 5% compared with 2013
June 15, 2015--Eurostat estimates that in 2014 carbon dioxide (CO2) emissions from fossil fuel combustion decreased by 5.0% in the European Union (EU), compared with the previous year.
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Adocia is Now Integrated into the CAC Mid 60 and SBF 120 Indices
June 15, 2015--Adocia announces today that, following the review of the Euronext Paris Stock Exchange Indices on June 5th, 2015, the "Conseil Scientifique des Indices" made the decision to admit Adocia to the list of companies in the CAC Mid 60 and SBF 120 indices ("Société des Bourses Françaises").
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Bank of Russia Cuts Key Interest Rate to 11.5%
Fourth cut so far this year, but more monetary easing is limited by inflationary risks
June 15, 2015--The Bank of Russia cut interest rates on Monday for the fourth time this year to check Russia's economic contraction,
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UPDATE 1-Deutsche Boerse eyes possible bid for FX platform 360T-source
June 15, 2015--Deutsche Böerse is looking at the possibility of buying currency trading platform 360T, a source familiar with the situation said on Monday, although it was not yet clear if the German exchange operator will place a binding bid.
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Lyxor plans China Government Bond RQFII ETF
June 15, 2015--Lyxor announces it has been awarded by S&P Dow Jones Indices (S&P DJI) a license on the S&P China Sovereign Bond 1-10 Year Spread Adjusted Index, in order to launch and list a China Government Bond ETF in Europe.
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Invesco Powershares launches ETF on LSE
June 15, 2015--Invesco PowerShares has announced the listing of the PowerShares S&P 500 Veqtor Ucits ETF on London Stock Exchange.
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BlackRock wins Transport for London pension mandate
June 15, 2015--BlackRock has won a £3.8 billion (€5.2 billion) mandate to manage Transport for London (TfL) pension fund's liability-driven investing (LDI) and passive equity assets.
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'Closet tracker' funds more than doubled in the UK
June 14, 2015--The number of "closet tracker" funds that charge high fees for active management but do little more than mimic a benchmark has more than doubled in the UK over the past 12 months.
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LSE head: 'abolish stamp duty on listed shares'
Xavier Rolet is calling for the government to abolish stamp duty on listed shares to encourage investment
June 14, 2015--The chief executive of the London Stock Exchange has called on the government to abolish stamp duty on all listed shares ahead of the Summer Budget next month.
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Xetra Dax near correction territory as euro rally continues
June 14, 2015--The sustained rebound in the euro took a further toll on some of the currency area's biggest exporters on Thursday, leaving Frankfurt's main equities index within sight of correction territory.
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Vanguard names new European fixed income chief
June 12, 2015--Vanguard is shifting one of its top US fixed income exchange-traded fund managers to run European fixed income, following the departure of Nick Pierce
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New ETF Listing on Euronext-Lyxor
June 12, 2015--Euronext is pleased to announce that LYXOR INTERNATIONAL AM will list 2 new ETFs on 16/06/2015:
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Fund mergers weigh on State Street's European profits
June 12, 2015--US asset manager State Street Global Advisors suffered a 28% drop in profits from its European business last year, partly due to the administrative costs of a tidying up of its exchange-trade funds operation.
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ESAs consult on margin requirements for non-ce?ntrally cleared derivatives
June 10, 2015--The European Supervisory Authorities (ESAs) launched today a second consultation on draft Regulatory Technical Standards (RTS) outlining the framework of the European Market Infrastructure Regulation (EMIR).
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EU business confidence in China at new low: survey
June 10, 2015-European companies are losing confidence in China's economy, a lobby group survey said on Wednesday' with many firms planning to lay off staff as Beijing struggles to boost growth and embarks in an anti-monopoly drive.
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World Bank: European Union's and Croatia's Recovery Is Strengthening, albeit Slowly and with Significant Risks
To make the recovery sustainable, Europe needs to continue reforms to promote exports and investment, create jobs, and protect the vulnerable
June 10, 2015--Economic growth is expected to continue to pick up across the European Union (EU), from zero in 2013 and 1.3 percent in 2014, to 1.8 percent and 2.0 percent in 2015 and 2016 respectively.
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Borsa Italiana: ETF Stat: May 2015
June 10, 2015--New Listing
18 new instruments were listed on ETFplus market
At the end of May there were listed 975 instruments (684 ETFs, 254 ETCs/ETNs and 37 open-end CIUs)
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Van Eck Global brings Gold Mining ETFs to Switzerland
June 10, 2015--June 10, 2015--Van Eck Global Investments Ltd., the Irish Management Company of the Market Vectors UCITS ETFs, today announced the cross-listing of its two gold mining exchange-traded funds (ETFs) on the SIX Swiss Exchange.
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LSE June 2015 ETF & ETP Monthly Report
June 10, 2015--News
Two new order types (Cross Orders and Block Trade Facility) went live on 11 May.
Swiss Franc (CHF) was introduced as a trading currency for ETFs on 18 May within Trading Service for ETFs Euroclear Bank Settlement.
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Bank Breakup Bill Set for Crunch Talks Among EU Nations
June 9, 2015--European Union nations are pushing to reach agreement by the end of the month on a bill intended to tackle too-big-to-fail banks.
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CP15/18: Fair, reasonable and non-discriminatory access to regulated benchmarks
June 9, 2015--In an previous Consultation Paper published in December last year, CP14/32 Bringing additional benchmarks into the regulatory and supervisory regime, the UK's Financial Conduct Authority (FCA) received responses raising concerns about the unconstrained ability of benchmark administrators to set the costs of benchmarks to users.
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MNI Russia Consumer Sentiment Falls to 72.8 in May
Improvement in Outlook for Finances, Inflation and Jobs
June 9, 2015--The MNI Russia Consumer Sentiment Indicator remained broadly stable at 72.8 in May compared with 73.0 in April.
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Finansinspektionen-Resilience Continues To Be Sound But Measures Required Resilience continues to be sound but measures required
June 9, 2015--The Swedish financial system is functioning well and the banks' resilience to disruptions is satisfactory. At the same time, measures are required to reduce the risks linked to household indebtedness.
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EU to propose lighter capital rules for banks to revive securitised debt
June 8, 2015--The European Commission will propose lighter capital requirements on simple pooled debt instruments, in a bid to free banks to use these so-called securitisation products to help raise more funds to finance economic growth.
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520 European ETFs Rated on TrackInsight
June 8, 2015--Koris International, an innovative investment advisory firm, announces today the launch of the TrackInsightTM ratings of the 520 most significant European ETFs.
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BNP, Eurizon selectors scrutinise active funds
June 8, 2015--Two leading European fund selectors are conducting research into the ability of active managers to outperform the market, a move that could have implications for the investment decisions of gatekeepers across Europe.
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Bond-Market Volatility Triggers Alarms
U.K.'s debt agency chief raises prospect that swings could cause investors to balk at buying bonds at auction
June 8, 2015--Regulators and government officials are becoming increasingly worried about rising volatility in government bond markets.
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EBA publishes final draft standards on assessment methodologies to use Advanced Measurement Approaches for operational risk
June 5, 2015--The European Banking Authority (EBA) published today its final draft Regulatory Technical Standards (RTS), which specify the criteria that Competent Authorities need to take into account before granting institutions permission to use advanced measurement approaches (AMA) for calculating their capital requirements for operational risk.
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ESMA issues Q1 risk dashboard for securities markets
June 5, 2015--The European Securities and Markets Authority (ESMA) issued today its second Risk Dashboard 2015 for the EU's securities markets, covering the first quarter of 2015 (1Q15).
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Bank of England should promote alternatives to banks-Kohn
June 5, 2015-The Bank of England should make it easier for businesses and households to borrow money safely from capital markets and lenders other than banks, a central bank policymaker said in a speech published on Friday.
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Europe's Bond Shockwaves Magnified by Liquidity Drain-Analysts
June 4, 2015--The sharp selloff in German government bonds is being exacerbated by a liquidity shortage, analysts say, a recurring theme for bond markets lately.
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Nordea Bank Finland Plc issues Equity Linked Notes-Aktiebevis Europæiske Ejendomsselskaber 2019
June 4, 2015--Nordea Bank Finland Plc (the "Issuer") issues a series (A967) of Equity Linked Notes due 21 June 2019, Aktiebevis Europæiske Ejendomsselskaber 2019, denominated in euro ("EUR") with ISIN Code DK0030361977 and Common Code 124122961 (the "Notes").
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WisdomTree signs up 12 Authorised Participants
June 4, 2015--Capital Markets Initiative Underscores Company's Commitment to Best-In-Class ETF Execution
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IMF allows Greece to bundle June debt payments
June 4, 2015--Athens has bought more time to strike a critical aid-for-reforms deal with its bailout lenders after the International Monetary Fund agreed that the cash-starved country can repay debts due in June in one lump sum.
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UK official holdings of international reserves: May 2015
June 3, 2015--This release details movements in the international reserves of gold and assets held by the UK government.
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ECB says no talk of exiting bond purchase programme yet
June 3, 2015--European Central Bank president Mario Draghi said Wednesday that the ECB is a "long way" from considering phasing out its controversial bond purchase programme any time soon.
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UK watchdog proposes new rules to avoid excessive fees for benchmarks
June 3, 2015-Britain's financial watchdog has proposed rules to ensure that widely-followed market benchmarks like Libor interest rates, gold or oil are available to all at a fair price.
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Zalando SE to be included in MDAX
Deutsche Börse reviews index composition/Unscheduled adjustments in SDAX
June 3, 2015--On Wednesday Deutsche Börse decided on changes in its selection indices which will become effective on 22 June 2015.
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Source's new CEO plays down flows slump
June 3, 2015--The new chief executive officer of exchange traded fund provider Source has played down a recent slump in European flows, blaming "profit taking" on a handful of products.
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Northern Trust Monthly Funds Market Review: Switzerland takes top spot for ETF demand
UCITS assets reach record € 9 trillion mark|Northern Trust Transfer Agency teams awarded three-star accreditation
June 2, 2015--HK-China mutual fund recognition to start on 1st July
UCITS assets reach record 9 trillion euro mark
European institutions increase alternatives and passive
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FCA warns against systemic risk label for funds
June 2, 2015--The UK markets regulator has given his backing to asset managers fighting proposals that could see them labelled as potential threats to the worldwide financial system.
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Revised lists of the Moscow Exchange Indices announced
June 1, 2015--Moscow Exchange has revised the constituent lists of the Moscow Exchange Indices as well as free floats effective from June 16 through September 15, 2015.
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Turnover at Boerse Stuttgart around EUR 7 billion in May
June 1, 2015--Boerse Stuttgart's turnover in May 2015 was in the region of EUR 7 billion, according to its order book statistics.
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Euronext launches indices for Germany, Italy, Spain
June 1, 2015--Stock market operator Euronext announced Monday the launch of country indices for Germany, Italy and Spain, adding major economies to the pan-European exchange.
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STOXX Announces Component Changes TO STOXX Europe 50 Index
Changes are due to fast-entry rule
June 1, 2015--STOXX Limited, a leading provider of innovative, tradable and global index concepts, today announced component changes in the STOXX Europe 50 Index due to the fast-entry rule.
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Turnover at Deutsche Börse's cash markets at 125.6 billion euros in May
June 1, 2015--Order book turnover on Xetra, Börse Frankfurt and Tradegate Exchange across all asset classes stood at €125.6 billion in May (May 2014: €96.1 billion).
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World Bank-World Bank Revises Its Growth Projections for Russia for 2015 and 2016
June 1, 2015--The World Bank has updated its economic outlook for Russia for 2015 and 2016 to reflect a further stabilization of global oil prices. The new most likely scenario is more optimistic and assumes an average oil price of US$58.0 per barrel for 2015 and of US$63.6 per barrel for 2016.
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BATS Chi-X Europe Announces Exclusive ETF Listings from Van Eck Global
Europe's Largest Exchange Goes Live with Four Van Eck 'Market Vectors' Funds Today
June 1, 2015--BATS Chi-X Europe, Europe's largest stock exchange, today announced today that two uniquely-listed ETFs, issued by Van Eck Global, began trading on BATS Chi-X Europe's Regulated Market.
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The Spanish Stock Exchange Traded €84.3 Bn. In May, Up 17% Year On Year-The Best Month Of May In 5 Years
June 1, 2015--The best month of May in 5 years
The equity trading volume to the end of May was up 27%
In May the ETF trading volume doubled from the same month in 2014
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Lyxor launches new supra-region ETFs
June 1, 2015--Lyxor has announced the launch of two new supra-region ETFs, the Lyxor MSCI North America UCITS ETF and the Lyxor MSCI Pacific Ex Japan UCITS ETF
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