|DB - Equity Research-Weekly & Monthly European ETF Market Monitors: European ETF industry gets a fresh start in January-continued|
|February 10, 2012--ETF month in perspective|
2012: A fresh start for the European ETF industry
January brought a very strong start to the year for the global (US, Europe and Asia) ETF industry. ETF assets grew by 8.1% over January 2012, a growth rate that surpassed the overall 2011 year growth rate of 3.1%. Global ETF assets reached $1.4 trillion as of the end of January 2011, up from $1.3 trillion at the end of 2011.
|Both the US as well as the European ETF industries grew by 8.2% and 6.5%, reaching asset levels of $1.0 trillion and €221.3 billion respectively. Most of the growth came from rebounding equity markets, however, flows accounted for 2.9% of the growth in the US market and for 1.1% of the growth in the European market (US$ terms). Cash flows for the US market totaled $27.1 billion and €2.4 billion for the European market, for the month of January.
The performance of the European ETF market in the first month of 2012 was sharply different from how it ended the previous year. European ETFs registered outflows of €2.2 billion over December 2011, a decline that was largely driven by equity outflows (€1.8 billion). This situation was reversed in January 2012, with equities contributing €1.5 of net inflows towards the new money that flowed into the European ETF industry.
The January 2012 European ETF industry fresh start was mainly driven by two factors. First, overall market conditions improved somewhat, with the Euro Stoxx 50 delivering gains of 4.3%. Better market conditions helped bring ETF investors out of their shell and allocate money back in the equity market. Second, the European Securities and Markets Authority, ESMA, issued its second consultation on ETFs. ESMA’s publication of its views provided comfort to investors as it gave an indication both about the regulatory body’s future intentions as well as its views with regards to perceived ETF risks.
Overall, the ESMA consultation was deemed to be balanced, avoiding any dramatic changes in the European ETF market, especially those that would put it at odds with how mutual funds operate under UCITS. The consultation provided further evidence that ESMA, through ETFs, which are perceived to be the golden standard in the fund industry, is looking to 'tidy-up' a number of wider fund management industry issues, such as tracking capacity and fund construction, primarily pertaining to total return swaps and securities lending practices .
ETF Industry: The month’s investment trends
The US Market: Flows across the board, from domestic to emerging markets
The US ETF industry registered strong cash flows in the first month of the year totaling $27 billion. Investors favor for risky assets continued in January with equities having the lion’s share in cash inflows ($19.3 billion).
US ETF equity flows were quite diversified, with both domestic as well as emerging markets benefiting. US domestic benchmarked equity ETFs brought inflows of $11.5 billion, while emerging market benchmarked equity ETFs saw inflows of $5.7 billion. Sectors also did well, attracting new money totaling $3.2 billion.
Fixed Income ETFs collected a healthy $7.7 billion in cash inflows; a healthy increase over the $6 billion inflows received in December. Commodity ETVs had a positive month, receiving cash inflows in excess of $1.5 billion which is in sharp contrast to last month’s pattern where commodities registered outflows of $2.7 billion.
For more information about analysis and trends in the US ETF market please refer to our US ETF Market Monthly Review.
The European Market: Emerging Markets main flow growth driver
Equity markets across Europe had a very positive run over the month registering advances across the board: DAX (? 9.5%), CAC (? 4.4%), Euro Stoxx 50 (? 4.3%) and the FTSE 100 Index (? 2.0%). Gold and silver spot prices (US$/oz), also appreciated by 9.8% and 17.6% respectively.
The European ETF industry improved on its poor run in December (outflows of €2.1 billion) and received cash inflows of €2.4 billion in January. Most of the flows went into ETFs tracking equity benchmarks (€1.5 billion) with healthy contributions by other asset classes; Fixed Income ETFs (€412 million), commodities (€331 million) and alternatives (€159 million).
Within equities, emerging markets (EM) benchmarks were back in vogue, collecting cash inflows of €904 million in January. The BRIC countries (Brazil, Russia, India & China) collectively pocketed cash inflows of €365 million while ETFs tracking broad benchmarks like the MSCI EM collected €385 million over the same period. Within ETFs tracking developed markets (DM) benchmarks, a clear divergence was visible: ETFs focused on North American region which includes US & Canada received cash inflows of €672 million while ETFs tracking European benchmarks registered outflows of €663 million. ETFs tracking broader DM benchmarks such as MSCI World received net cash inflows of €107 million over the month of January.
ETFs tracking European sectors registered cash inflows of €171 million in January as compared to outflows of €166 million in the month of December.
Despite the positive equity markets and healthy flows, a hint of bearishness continues to persist as evident from the flows into leveraged and inverse products. ETFs providing inverse and leveraged inverse exposure pocketed inflows of €272 million and €282 million in January respectively. On the other hand ETFs providing leveraged exposure registered cash outflows of €332 million.
Fixed Income ETFs registered cash inflows of €412 million over January as compared to outflows of €404 million in December 2011. ETFs tracking corporate debt issuances and sub-sovereigns collected inflows of €588 million and €117 million respectively. Money market & sovereign ETFs registered outflows of €249 million and €144 million respectively.
Commodity ETPs received cash inflows totaling €498 million in January which is marginally higher than the €198 million received in December 2011. Most of the inflows were into products tracking crude oil (€211 million) and diversified commodity indices (€131 million).
ETP investors approached gold products with caution in January, evident from the inflows totaling €56 million which is significantly lower than the €623 million received in December 2011.
ETF comparatives: Mutual Funds, cash equity turnover
European ETF turnover is 8.0% of the region’s cash equities turnover as of the end of January 2012. The equivalent number for the US market stands at 24.5%.
European ETFs comprised 2.8% of the continent’s mutual fund industry, yet ETF cash flows, €17.7 billion from Jan-Nov 2011, was over 1.4x higher than the corresponding unlisted fund flows (- €44 billion). European unlisted mutual funds registered outflows of close to €138 billion in the months of Aug-Nov 2011. Mutual fund industry data as per the European Fund Management Association (EFAMA).
US ETFs comprised 8.1% of the its mutual fund industry, yet ETF cash flows, $113 billion for 2011, was over 4.7x higher than the corresponding unlisted fund flows ($24 billion). Mutual fund industry data as per the Investment Company Institute (ICI).
|Source: Christos Costandinides, European Head of ETF Research & Strategy, Deutsche Bank|
|Europe ETP News|
|Deutsche Bank takes first step towards DWS listing|
|February 20, 2018--Lender plans March float for unit with €700bn in assets under management.|
|Thomson Reuters-Monday Morning Memo: Review of the European ETF Market, January 2018|
|February 19, 2018--The promoters of ETFs enjoyed for January the highest monthly net inflows ever. The assets under management in the European ETF industry (€652.9 bn) increased for January, up from €632.5 bn at the end of December 2017.|
|Euro area investment fund statistics: fourth quarter of 2017|
|February 19, 2018--In the fourth quarter of 2017 the outstanding amount of shares/units issued by investment funds
other than money market funds was €11,212 billion, which is €282 billion higher than in the third
quarter of 2017.
Investment funds other than money market funds increased their holdings of both equity and debt securities issued by the rest of the world.
|Vanguard creates new European stewardship team|
|February 18, 2018--Vanguard is to establish a new European stewardship team in a push by the world's second largest asset manager to drive up corporate governance standards across Europe.|
|Mifid drives ETF trading on to platforms|
|February 16, 2018--Best execution rules push Tradeweb ETF volumes up 32%, but smart order routers may alter trend|
|New UBS Global Asset Management equity index ETF with focus on sustainability launched on Xetra Equity index ETF provides worldwide access to companies with high ESG rating|
|February 16, 2018--A new exchange traded fund issued by UBS Global Asset Management has been tradable on Xetra and Börse Frankfurt since Friday.
The new equity index ETF enables investors to participate in the performance of companies around the world that meet strict sustainability criteria.
|Flow Traders releases January 2018 ETP market volumes|
|February 16, 2018-- Flow Traders N.V. ("Flow Traders") (Euronext: FLOW), today releases the monthly ETP (Exchange Traded Products) market data for the month January 2018. This refers to general market data only.|
In January 2018, the total Global ETP Assets under Management (AuM) grew to US$ 5,052bn from US$ 4,758bn in December 2017 (+6.2% month-on-month, source: BlackRock ETP Landscape January 2018).
|Neuer Aktienindex-ETF mit Fokus auf Nachhaltigkeit von UBS Global Asset Management auf Xetra gestartet|
|16.Aktienindex-ETF bietet weltweiten Zugang zu Unternehmen mit hohem ESG-Rating
Seit Freitag ist ein neuer Exchange Traded Fund des Emittenten UBS Global Asset Management über Xetra und Börse Frankfurt handelbar.
|Former LGIM and Vanguard managers launch ETF platform|
|February 16, 2018--Market Beta is designed to help asset managers who lack the scale or expertise launch ETFs in the UK.|
|IMF-Turkey: Staff Concluding Statement of the 2018 Article IV Mission|
|February 16, 2018--Following a slowdown in activity in 2016, growth recovered sharply last year with the help of policy stimulus and favorable external conditions. Such has been the strength of the recovery that the economy now faces signs of overheating: a positive output gap, inflation well above target, and a wider current account deficit.|
|Fidelity hires from Amundi for successor to Rossi|
|February 15, 2018--Fidelity International-The asset management giant has poached Romain Boscher from Amundi Asset Management to be its new global CIO for equities, effective 30 April 2018.|
|New ComStage ETF on STOXX Europe 600 Index launched on Xetra|
|February 15, 2018--ETF provides access to the largest 600 companies from 17 European countries
Another exchange traded fund issued by ComStage has been tradable on Xetra and Börse Frankfurt since 15 February 2018.
The ComStage 1 STOXX Europe 600 UCITS ETF enables investors to participate in the performance of the STOXX Europe 600 Index.
|Bond index ETF with access to global bond market launched on Xetra|
|February 15, 2018--Aggregate bond index ETF available in currency-hedged unit classes US dollar, euro and pound sterling
A bond index ETF in the three currency-hedged unit classes on the reference index Bloomberg Barclays Global Aggregate Bond Index, issued by State Street Global Advisors, has been tradable on Xetra and Börse Frankfurt since 15 February 2018.
|Paymium Launches European Cryptocurrency Trading Platform Blockchain.io|
|February 15, 2018--The new venue is aiming to accommodate individual and institutional traders and investors|
Paymium has announced that it is preparing to launch a new cryptocurrency exchange in Europe.
|Rentenindex-ETF mit Zugang zum weltweiten Anleihemarkt auf XETRA gestartet|
|February 15, 2018--Aggregierter Rentenindex-ETF steht in den währungsgesicherten Anteilsklassen US-Dollar, Euro und britische Pfund zur Verfügung
Seit Donnerstag ist ein Rentenindex-ETF in den drei währungsgesicherten Anteilsklassen auf den Referenzindex Bloomberg Barclays Global Aggregate Bond-Index des Emittenten State Street Global Advisors über Xetra und Börse Frankfurt handelbar.
|Ossiam launches smart beta fixed-income ETF tracking Solactive Moody's Analytics IG EUR Select Credit Index|
|February 14, 2018--Ossiam, the leading smart beta investment management firm and affiliate of Natixis Investment Managers, has listed the Ossiam Solactive Moody's Analytics IG EUR Select Credit ETF (MOOC FP) on Euronext Paris.|
|IMF Staff Country Reports-United Kingdom: Selected Issues|
|February 14, 2018--
DRIVERS OF UK WAGE GROWTH1|
Since the financial crisis, nominal wage growth has been much weaker than during the previous decade. This chapter finds that the main factors behind the slowdown include weak productivity growth, labor market slack (both in the UK and the EU), and low inflation.
|Deutsche AM unveils US HY corporate bond ETF|
|February 14, 2018--Deustche Asset Management has expanded its x-trackers range with the launch of a US dollar high yield corporate bond ETF.|
|ESMA launches Interactive Single Rulebook|
|February 14, 2018--The European Securities and Markets Authority (ESMA) is launching its Interactive Single Rulebook, which is a new service for market participants and other interested stakeholders across the European Union.|
|Tradeweb European Exchange-Traded Funds Update-January 2018|
|February 13, 2018--The following data is derived from trading activity on the Tradeweb European-listed ETF platform.
ETF total traded volume
January proved to be a record-breaking month for the Tradeweb European ETF marketplace, with total traded volume just shy of €20 billion, up 12% from the platform's previous best performance in May 2017.
|UK cryptocurrency companies launch self-regulatory body|
|February 13, 2018--This initiative from UK crypto companies could set a standard for a global approach to regulating cryptocurrency.|
|HANetf hires sales director from Deutsche AM|
|February 12, 2018--Reporting to Hector McNeil, co-CEO of HANetf, Patterson will be responsible for promoting and selling funds on the firm's platform to UK and Irish clients.|
|ETFGI reports a strong start to 2018 for ETFs and ETPs listed in Europe with a record increase in assets of US$54.0 billion during January to reach a new high of US$856 billion|
|February 12, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported a strong start to 2018 for ETFs and ETPs listed in Europe, with a record increase in invested assets of US$54.0 billion during January to reach a new high of US$856 billion at the end of the month. (All dollar values in USD unless otherwise noted.)|
|Eurex-MSCI offering expanded to include exposure to Korea|
|February 12, 2018--January saw Eurex MSCI products get off to a great start in 2018. Due to the advancing roll period, open interest in many established products and several new ones have gained traction, most notably in the MSCI U.S. products.|
|ESAs warn consumers of risks in buying virtual currencies|
|September 12, 2018--The European Supervisory Authorities (ESAs) for securities (ESMA), banking (EBA), and insurance and pensions (EIOPA) have today issued a pan-EU warning to consumers regarding the risks of buying Virtual Currencies (VCs).|
|Thomson Reuters Monday Morning Memo: Index Funds Versus ETFs-Another Battleground in the European Fund Industry?|
|February 12, 2018--Given that we have witnessed many headlines concerning passive investing and the popularity of ETFs, confirmed by the inflows and increasing assets under management in the European ETF industry, one could conclude that European investors like index products.|
|Index error causes Carillion losses for ETF investors|
|February 11, 2018--S&P Dow Jones Indices failed to remove company from dividend-focused index|
|Brussels warns UK asset managers of post-Brexit shutout|
|February 11, 2018--Letter from European Commission tells fund companies to act now|
Brussels has issued a stark Brexit warning to the asset management industry, telling fund companies to act now or face potential market shutout when the UK leaves the EU next March.
|Amundi: Results for 2017 and strategic ambitions for 2020|
|February 9, 2018--Amundi: Results for 2017 and strategic ambitions for 2020
2017: all targets announced at the IPO have been surpassed
Net inflows of €71bn, leading to asset under management of €1,426bn
Combined and adjusted net earnings of €918m, up +14%
|New Deutsche Asset Management bond index ETF launched on Xetra|
|February 9, 2018--A new exchange traded fund (ETF) issued by Deutsche Asset Management has been tradable on Xetra and Börse Frankfurt since 9. February. The bond index ETF enables investors to participate in the performance of fixed-rate corporate bonds denominated in US dollars.|
|FLOW TRADERS REPORTS NTI 24% GROWTH IN 4Q17, PROPOSES FINAL DIVIDEND OF 0.35 euro, STRONG START TO 2018|
|February 9, 2018--Flow Traders N.V. (Euronext: FLOW) today announced its 4Q17 results (unaudited), stating that:
4Q17 ETP Value Traded rose to €164bn (+1% Q-o-Q), which led to an increase in our ETP Value Traded by 7% Y-o-Y in 2017, whereas the market ETP Value Traded declined 13% Y-o-Y
4Q17 Net Trading Income (NTI) was €39.3m (+24% Q-o-Q)
4Q17 EBITDA margin was 34%, leading to an EPS of €0.17 (+43% Q-o-Q)
|Deutsche Borse launches Scale 30 Index|
|February 8, 2018--Selection index comprises the 30 most liquid equities from the Scale segment
Deutsche Börse expanded its index offering by launching the Scale 30 Index on Wednesday. The selection index tracks the performance of the 30 most liquid companies listed in the SME segment Scale. Eligibility for index inclusion depends on order book turnover on Xetra and Börse Frankfurt.
|ESMA updates its MiFID II Q&As on transparency and market structures|
|February 7, 2018--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers regarding transparency issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).|
|ESMA publishes 2018 Supervisory Convergence Work Programme|
|February 7, 2018--The European Securities and Markets Authority (ESMA) has published its 2018 Supervisory Convergence Work Programme (SCWP), which details the activities and tasks it will carry out to promote sound, efficient and consistent supervision across the European Union (EU).|
|European Commission-Winter 2018 Interim Economic Forecast: A solid and lasting expansion|
|February 7, 2018--Growth rates for the euro area and the EU beat expectations last year as the transition from economic recovery to expansion continues.|
|Amundi erweitert Produktangebot auf Xetra um neun neue ETFs|
|06. Feb 2018--Seit Dienstag sind neun weitere Exchange Traded Funds des Emittenten Amundi Asset Management S.A. über Xetra und Börse Frankfurt handelbar. Das Produktangebot bietet Anlegern Zugang zu Aktienunternehmen aus unterschiedlichen Regionen sowie zu Ren-tenindex-ETFs, die Staats- und Unternehmensanleihen abbilden.|
|Room for more-Addition of six western Balkan countries would take the union to a jumbo 33 members|
|February 6, 2018--Move over, Brexit-and step forward, Baccession. As battle deepens over the UK's terms of departure from the EU, Brussels is about to highlight instead what it sees as the union's continued potential to grow.|
|Neuer ETF von BNP Paribas Easy bietet Zugang zu Immobilienunternehmen und REITs der Eurozone|
|06. Feb 2018--Seit Dienstag ist ein neuer Exchange Traded Funds (ETFs) des Emittenten BNP Paribas Easy auf Xetra und Börse Frankfurt handelbar.
Mit dem BNP Paribas Easy FTSE EPRA/NAREIT Eurozone Capped ETF erhalten Anleger die Möglichkeit, an der Wertentwicklung von Immobilienunternehmen und börsennotierten Real Estate Investment Trusts (REITs) mit Sitz in Europa zu partizipieren.
|UK official holdings of international reserves: January 2018|
|February 6, 2018--This monthly release shows details of movements in the UK's official holdings of international reserves, or assets. These consist of gold, foreign currency assets and International Monetary Fund assets.|
|Three new ETFs with a focus on technology launched on Xetra by ETF Securities|
|February 6, 2018--ETFs offer access to companies from the fields of e,commerce, pharma and energy storage technologies
Three new exchange traded funds issued by ETF Securities have been tradable on Xetra since 6. February.
The three new equity index ETFs give investors the opportunity to participate in the performance of companies from the fields of e-commerce, pharma and energy storage technologies.
|New BNP Paribas Easy ETF provides access to real estate companies and REITs from the Eurozone|
|February 6, 2018--A new exchange traded fund (ETF) issued by BNP Paribas Easy has been tradable on Xetra and Börse Frankfurt since 6. February.|
|ESMA UPDATES Q&A ON EMIR IMPLEMENTATION|
|February 6, 2018--The European Securities and Markets Authority (ESMA) has issued today an update of its Q&A on practical questions regarding the European Markets Infrastructure Regulation (EMIR).|
|Amundi expands its product offering on Xetra with nine new ETFs|
|February 6, 2018--Nine new exchange traded funds issued by Amundi Asset Management S.A. have been tradable on Xetra and Börse Frankfurt since Tuesday. Amundi's product range offers in-vestors access to stock corporations from various regions and to bond index ETFs that track government and corporate bonds.|
|Drei neue ETFs mit Fokus auf Technologie von ETF Securities auf Xetra gestartet|
|06. Feb 2018--ETFs bieten Zugang zu Unternehmen aus E-Commerce, Pharma- sowie Energie-Speichertechnologien
Seit Dienstag sind drei neue Exchange Traded Funds des Emittenten ETF Securities auf Xetra handelbar. Mit den Aktienindex-ETFs erhalten Anleger die Möglichkeit, an der Wertentwicklung von Unternehmen aus den Bereichen eCommerce-, Pharma- sowie Energie-Speichertechnologien zu partizipieren.
|FLOW TRADERS EXPECTS TO MEET CRR CAPITAL REQUIREMENTS, DIVIDEND POLICY TO REMAIN UNAFFECTED|
|February 5, 2018--The Dutch Central Bank (DNB) today informed Flow Trades that it intends to complete the formalities that will enable Flow Traders to meet applicable CRR capital requirements. As a result of the completion of these formalities, Flow Traders expects to meet these capital requirements and its dividend policy to remain unaffected.|
|iSTOXX Diversity Impact Select Indices licensed to Goldman Sachs|
|February 5, 2018--STOXX Ltd., the operator of Deutsche Boerse Group's index business, and a global provider of innovative and tradable index concepts, today announced that the iSTOXX Global Diversity Impact Select 30 Index and the iSTOXX Europe Diversity Impact Select 30 Index were licensed to Goldman Sachs as an underlying for the issuance of structured products.|
|ESMA updates its Q&A on short selling|
|February 5, 2018--The European Securities and Markets Authority (ESMA) has updated today its Questions & Answers (Q&A) document regarding the implementation of the Short Selling Regulation (SSR).|
|ESMA updates Q&As on the Benchmarks Regulation|
|February 5, 2018--The European Securities and Markets Authority (ESMA) has published updated Questions and Answers (Q&As) regarding the implementation of the Benchmarks Regulation (BMR).|
|Boerse Stuttgart generates turnover in excess of EUR 7.5 billion in January|
|February 2, 2018--Significant increase in turnover across all asset classes
According to its order book statistics, Boerse Stuttgart generated turnover in excess of EUR 7.5 billion in January 2018. The trading volume was around 24 percent higher than in the previous month.
|Cash markets achieve highest January turnover since 2008 with 156.5 billion euros|
|February 2, 2018--Increase of 34 per cent year-on-year
With a turnover of €156.5 billion in January, Deutsche Börse cash markets achieved the highest January turnover since 2008 (January 2017: €116.8 billion).
|Eurozone growth keeps Euro on upward curve -Euro currency news daily|
|February 2, 2018--Euro
GBP/EUR expected range: 1.1350-1.1465
The EUR dipped once more below USD1.24 early yesterday morning but since then it's been on an upward tear; rising a full cent off the low to be within touching distance of the 3-year high of 1.2530 reached during the ECB Press Conference last week.
|ESMA publishes results of the second EU-wide CCP stress test|
|February 2, 2018--The European Securities and Markets Authority (ESMA) has published today the results of its second EU-wide stress test exercise regarding Central Counterparties (CCPs) established in the European Union (EU).|
|European Commission launches the EU Blockchain Observatory and Forum|
|February 1, 2018--The Commission launched today the EU Blockchain Observatory and Forum with the support of the European Parliament, represented by Jakob von Weizsäcker responsible for the recent report on virtual currencies.|
|The Spanish stock exchange traded 50.8 billion euro in January|
|February 1, 2018--Up 6.6% from December 2017 and the best month since October
The number of trades in January were up 28.7% from the preceding month
The Spanish Stock Exchange traded €50.8 billion in January, up 6.6% from December 2017and the best month since October. The number of trades came in at 4.2 million in January, up 28.7% from the preceding month.
|New partnership of industry and academia explores potential of Artificial Intelligence and Natural Language Processing|
|February 1, 2018--Post-trade services provider Clearstream, part of Deutsche Börse Group, has entered a collaborative research partnership with the Interdisciplinary Centre for Security, Reliability and Trust (SnT) at the University of Luxembourg.|
|State Street Global Advisors announces the launch of the SPDR Bloomberg Barclays Global Aggregate Bond UCITS ETF|
|February 1, 2018--State Street Global Advisors, the asset management business of State Street Corporation (NYSE:STT), today announced the launch of the SPDR Bloomberg Barclays Global Aggregate Bond UCITS ETF.|
|EBA launches 2018 EU-wide stress test exercise|
|January 31, 2018--The European Banking Authority (EBA) launched today its 2018 EU-wide stress test and released the macroeconomic scenarios. The adverse scenario implies a deviation of EU GDP from its baseline level by 8.3% in 2020, resulting in the most severe scenario to date.|
|UK parliament committee calls for immediate publication of leaked Brexit report|
|January 31, 2018--Britain's government should immediately publish a leaked report about the economic costs of leaving the European Union, the lower house of parliament's Treasury Committee said Wednesday.|
|FESE-European Capital Markets Fact Sheet|
|January 30, 3028-The European Capital Markets Fact Sheet, based on FESE's monthly statistics, highlights the main developments in the European capital markets in a simple to read format.|
|Irish Stock Exchange sale offers 'pivot towards Europe'|
|January 30, 2018--The Irish Stock Exchange (ISE) is pivoting to Europe after its sale to Euronext, as the bourse looks to ride out-and even benefit from-the UK's exit from the EU.|
|Task force urges eurozone rule change for common securities|
|January 29, 2018--Task force urges eurozone rule change for common securities. A central bank task force has said the eurozone's financial rules need to change if a mooted and politically charged "safe asset" to strengthen the single currency area's banking system is to work.|
|Brexit: Council (Article 50) adopts negotiating directives on the transition period|
|January 29, 2018--The Council, meeting in EU27 format, adopted supplementing negotiating directives for the Brexit negotiations, which detail the EU27 position regarding a transition period.|
|SPDR Bloomberg Barclays Global Aggregate Bond UCITS ETF launched on Xetra|
|January 29, 2018--Bond index ETF invests in investment-grade fixed-income bonds worldwide
A new exchange traded fund (ETF) issued by State Street Global Advisors has been tradable on Xetra and Börse Frankfurt since Monday.
|Thomson Rueters-Monday Morning Memo: European Investors Show for 2017 an Increased Appetite for Risk-European Fund Industry Review, 2017|
|January 29, 2018--Looking at the headline figures, the year 2017 could be considered a good year for the European fund industry, since the assets under management (+€10.4 tr) hit an all-time high at the end of December. In addition, the European fund industry enjoyed a new record in net inflows (+€756.9 bn) over the course of 2017.|
|HANetf appoints BNY Mellon as asset servicing provider|
|January 29, 2018--Europe's first independent 'white label' UCITS ETF platform offers asset managers the infrastructure to build and launch ETFs into Europe without having to establish their own full-service business|
|ECB-Monetary developments in the euro area: December 2017|
|January 26, 2018--The annual growth rate of the broad monetary aggregate M3 decreased to 4.6% in December 2017, from 4.9% in November.|
|New ETF Listing on Euronext-OSSIAM ETF MOOC|
|January 26, 2018--Euronext is pleased to announce that OSSIAM LUX will list 1 new ETF on 30/01/2018 :
ETF Trading name:OSSIAM ETF MOOC
ETF Symbol: MOOC
|Deutsche Borse ends Asia expansion plans|
|January 26, 2018--Deutsche Börse, Europe's largest exchanges operator, is ending plans to expand in Asia with investors preferring to trade popular instruments like Stoxx futures in its home German market.|
|JP Morgan AM launches trio of fixed income ETFs|
|January 26, 2018--JP Morgan Asset Management is set to launch three fixed income ETFs in Europe as part of the group's first wave of ETF listings in the region.|
|Solactive launches Sustainability Index Europe-New index developed in conjunction with Deutsche Bank and Arabesque S-Ray(R)|
|January 25, 2018--Solactive today announced the launch of the Solactive Sustainability Index Europe, which was developed with Deutsche Bank, and is designed to track the performance of environmentally and socially responsible European companies, based on the data-driven platform Arabesque S-Ray(R).|
|Lyxor Green Bond (DR) UCITS ETF launched on Xetra|
|January 24, 2018--Bond index ETF invests in bonds with focus on sustainability
A new exchange traded fund (ETF) issued by Lyxor has been tradable on Xetra and Börse Frankfurt since Wednesday.
The Lyxor Green Bond (DR) UCITS ETF enables investors to participate in the performance of green bonds issued by investment- US dollars.
|Cryptos Fund, a Quasi-ETF, Is Now Open to Investors|
|January 23, 2018--The first fund to passively track the CCI30 Cryptocurrency Index|
Cryptos Fund allows investors to gain exposure to Cryptocurrencies with reduced risk in a regulated environment.
|ETF Securities adds three new ETFs to its Future Present technology range|
|January 23, 2018--ETF Securities, one of the world's leading independent providers of Exchange-Traded Funds (ETFs), today launches three new innovative products designed to capture exposure to three unique and evolving technology opportunities.|
|Amundi ETF posts 50% organic growth in 2017|
|January 23, 2018--Amundi ETF posts 50% organic growth in 20171
Doubling of net new assets, taking AUM to €38 billion1
Growing retail investor demand for ETFs, boosted by MiFID II
Corporate bonds (Floating Rate Notes, BBB), Emerging Equities and Factor exposures among Europe's most popular ETFs
|IMF Working Paper-Economic Convergence in the Euro Area: Coming Together or Drifting Apart?|
|January 23, 2018--Summary:
We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro area members since the advent of the common currency. Income convergence stagnated in the early years of the common currency and has reversed in the wake of the global economic crisis.
|bitFlyer Launches in Europe and Becomes the World's First Bitcoin Exchange to Be Regulated in Japan, the US and Europe|
|January 22, 2018--Granted Payment Institution License to Operate in the EU|
bitFlyer, the Tokyo-based operator of the world's largest1 Bitcoin exchange, today announced its launch into Europe.
|Thomson Reuters-Monday Morning Memo: Mixed-Asset Funds Are Back on European Investors' Menus in December 2017|
|January 22, 2018--December was the twelfth consecutive month showing a positive picture for long-term mutual funds. European fund promoters enjoyed net inflows into mixed-asset funds (+€8.7 bn), followed by bond funds (+€7.6 bn), alternative UCITS funds (+€3.4 bn), equity funds (+€2.4 bn), and real estate funds (+€0.5 bn).|
|VanEck to Acquire Dutch ETF Issuer, Think ETF Asset Management B.V.m to Further Expand its Product Offerings in Europe|
|January 22, 2018--Number of VanEck-sponsored UCITS-ETFs available in Europe will rise from 6 to 20|
The Netherlands joins VanEck's core European markets, which also include Germany, Switzerland, United Kingdom, and Italy