| European Semester Winter Package: reviewing Member States' progress on their economic and social priorities-continued | |||||
| March 7, 2018--The European Commission today publishes its annual analysis of the economic and social situation in the Member States, including progress in implementing country-specific recommendations and an assessment of possible imbalances.
The European economy is expanding robustly and the positive economic outlook is matched by an improved labour market and social situation. | |||||
| This reflects the reforms undertaken by Member States in recent years and provides a window of opportunity to further strengthen the resilience of the EU's economies and societies.Nevertheless, the recovery is not benefitting everybody in society equally and structural weaknesses are holding back growth and convergence in some Member States. That is why EU countries should use this momentum to further strengthen the foundations of their economies.
Today's 27 Country Reports (for all Member States except Greece, which is under a stability support programme) provide the annual analysis by Commission staff on the economic and social situation in Member States, including progress made in implementing Country-Specific Recommendations over the years. |
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| Source: Europa | |||||
| Europe ETP News |
| The public is losing patience: MPs must vote for May's Brexit deal | |||
| March 16, 2019--Brexiters face a rearguard action that could prevent the UK from leaving the EU at all Scenes in the House of Commons this week were redolent of crisis. Ministers disregarding collective responsibility with impunity; the government in headlong retreat; and once-great parties competing to outdo each other in splits. | |||
| read more | |||
| Fund groups must put investors first...and prove it | |||
| March 16, 2019--Independent directors and yearly audits will add extra transparency to asset management The UK financial regulator's landmark report into the asset management sector in 2017 sent a scathing message: fund fees are too high and investment companies fail to give good value to investors. | |||
| read more | |||
| First Equity-ETF focused on blockchain launched on Xetra | |||
| March 15, 2019--A new Invesco Exchange Traded Fund has been tradable on Xetra and Börse Frankfurt since Friday. The Invesco Elwood Global Blockchain UCITS ETF Acc gives investors for the first time the opportunity to participate in the performance of companies worldwide that participate in the blockchain ecosystem. | |||
| read more | |||
| ESMA clarifies endorsement of UK credit ratings in case of a no-deal Brexit | |||
| March 15, 2019--The European Securities and Markets Authority (ESMA) has issued today a statement which sets out the implications for credit rating agencies (CRAs) based in the United Kingdom (UK), including the endorsement of UK credit ratings, should the UK withdraw from the European Union (EU) without a withdrawal agreement (no-deal Brexit). | |||
| read more | |||
| London Stock Exchange ETP February 2019 Monthly Report | |||
| March 15, 2019--Listings
24 new ETFs were listed in February 2019. There are now 1,187 ETFs (available as 1,728 lines through multi-currency offerings) and 463 ETCs/ETNs (available as 556 lines) on our London market. iShares launched its Electric Vehicles and Driving Technology UCITS ETF. The fund seeks to track the investment results of an index composed of developed and emerging market companies that focus on electric vehicles and driving technologies. | |||
| read more | |||
| U.K. Parliament Votes to Delay Brexit as Turmoil Drags On | |||
| March 15, 2019--Extension could play to Theresa May's advantage, allowing her to press euroskeptics to support her Brexit deal British lawmakers voted to delay the U.K.'s departure from the European Union, setting up Prime Minister Theresa May for a pivotal week ahead in which she will likely aim to coerce recalcitrant elements of her Conservative Party into backing a deal they have soundly rejected twice. | |||
| read more | |||
| ESMA RegTech and SupTech-change for markets and regulators | |||
| March 14, 2019--The European Securities and Markets Authority (ESMA) has carried out an analysis of the regulatory and supervisory technologies currently being developed in response to various demand and supply drivers. The results of this analysis are presented in an article in the latest Trends, Risks and Vulnerabilities (TRV) Report . | |||
| read more | |||
| New iShares ETFs on Xetra: Sustainable Emerging Markets Government Bonds and Corporate Bonds Worldwide | |||
| March 13, 2019--Since Wednesday, two further iShares ETFs are tradable via Xetra and Börse Frankfurt.
The iShares J.P. Morgan ESG USD EM Bond UCITS ETF USD (Dist) allows investors to participate in the performance of US dollar-denominated government or quasi-government bonds of emerging markets. | |||
| read more | |||
| UBS AM launches inflation protection ETF | |||
| March 13, 2019--UBS Asset Management has launched a long duration US Treasury inflation linked ETF with embedded GBP-hedging on the London and Swiss stock exchanges. | |||
| read more | |||
| Lyxor receivesTEEC certification for the Lyxor Green Bond (DR) UCITS ETF | |||
| March 13, 2019--Lyxor Asset Management has received the TEEC (energy and ecological transition for the climate) certification for the Lyxor Green Bond (DR) UCITS ETF, the world's first ETF[1] offering investors exposure to investment grade green bonds. | |||
| read more | |||
| Amundi to licence Solactive Flagship Equity and Fixed Income Indices | |||
| March 13, 2019--Solactive is pleased to announce that Amundi, Europe's largest asset management company with a total of € 1.425 tn in AuM, appointed Solactive as their index provider for the launch of their new ETF range, labeled "Amundi Prime ETF". | |||
| read more | |||
| Lyxor-Money Monitor February 2019 European ETFs flows accelerate | |||
| March 13, 2019--Net new assets in the European ETF market accelerated in February to reach €13.7bn. All categories (equities, fixed income, commodities and smart beta) enjoyed a positive month for the first time since last February. Equities attracted most of the inflows (€8.2bn) with three regions standing out: developed markets (+€2.8bn), global equities (+€3.4bn) and emerging markets (+€1.9bn). | |||
| read more | |||
| IMF-Greece: Economy Improves, Key Reforms Still Needed | |||
| March 12, 2019--Greece has now entered a period of economic growth that puts it among the top performers in the eurozone. It must now persevere with efforts to address crisis legacies and pursue needed reforms to ensure continued success, says the IMF in its recent assessment of the country's economy. | |||
| read more | |||
| Business 'exasperated' after Brexit vote | |||
| March 12, 2019--Business groups are "exasperated" after the Prime Minister's EU withdrawal plan was again rejected by Parliament. | |||
| read more | |||
| European Commission-Commission reviews relations with China, proposes 10 actions | |||
| March 12, 2019--Against the backdrop of China's growing economic power and political influence, the European Commission and the High Representative review European Union-China relations and the related opportunities and challenges.
Today, they are setting out 10 concrete actions for EU Heads of State or Government to discuss and endorse at the European Council of 21 March. | |||
| read more | |||
| ECB-Euro area securities issues statistics: January 2019 | |||
| March 12, 2019--The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 2.1% in January 2019, compared with 1.9% in December.
For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 0.7% in January 2019,compared with 0.8% in December. | |||
| read more | |||
| The European Union Budget, and Economic and Monetary Policy (EU Exit) Regulations 2019 | |||
| March 12, 2019--This instrument revokes retained EU law relating to the EU budget, and revokes and partially restates EU law relating to economic and monetary policy, in order to address deficiencies arising from the withdrawal of the United Kingdom from the European Union. | |||
| read more | |||
| Primary listing of new Amundi ETFs on Xetra | |||
| March 12, 2019--Since Tuesday, nine Exchange Traded Funds of Amundi are tradable via Xetra and Börse Frankfurt for the first time in Europe.
Five equity ETFs give investors the opportunity to participate in the performance of large and medium-sized companies. | |||
| read more | |||
| FinTech adoption 'driving bank business goals' | |||
| March 12, 2019--The majority of banks felt that the implementation of an institutional FinTech solution had contributed towards achieving business goals by lowering operational costs (87 per cent) as well as improving regulatory compliance (67 per cent). | |||
| read more | |||
| Invesco Elwood Global Blockchain ETF To Start Trading On The London Stock Exchange | |||
| March 11, 2019--The Invesco Elwood Global Blockchain ETF will start trading on the London Stock Exchange on Monday. The investment management company, with over $800 billion in assets under management, will be launching the "world's biggest blockchain-focused ETF" | |||
| read more | |||
| IMF Staff Country Reports-Belgium: 2019 Article IV Consultation | |||
| March 11, 2019--Summary:
Since the global crisis, Belgium has experienced nine consecutive years of economic growth. Per capita GDP has surpassed pre-crisis levels, and unemployment is at its lowest level in four decades. The financial sector has also undergone structural changes and increased its resiliency to shocks. | |||
| read more | |||
| Amun AG completes initial funding round bringing on board a number of experienced industry figures | |||
| March 11, 2019--Amun AG, a Swiss fintech aiming to facilitate access to crypto-asset investments, has completed its first funding round, bringing on board a number of experienced industry figures including Adam Draper, Founder of Boost VC, Graham Tuckwell, Founder of ETFS Capital, Greg Kidd, Co-Founder of Hard Yaka as well as four family offices. | |||
| read more | |||
| Lyxor-Our China A ETF is ahead of its time | |||
| March 11, 2019--Index provider MSCI recently announced its intention to increase the weight of onshore China A shares in its broad Emerging Market and China benchmarks using a 3-step inclusion process starting this May and ending in November. China A large-cap inclusion will ultimately increase from 5% to 20%, and China A mid-caps will also be added for the first time with a 20% inclusion factor. | |||
| read more | |||
| Amun AG choosing Solactive to provide Index Calculation for the World's First physically backed Bitcoin and Ethereum ETP | |||
| March 11, 2019--Solactive is pleased to announce that Amun AG, the issuer the first two physically-backed crypto-currencies single-coin exchange-traded products, Bitcoin (BTC) ETP [Ticker: ABTC] and Ethereum (ETH) ETP [Ticker: AETH], has chosen Solactive’s ETF Services Department to perform the IOPV calculation and Portfolio Composition File (PCF) creation. | |||
| read more | |||
| IMF Policy Paper-Corporate Taxation in the Global Economy | |||
| March 10, 2019--Summary:
The policy paper Corporate Taxation in the Global Economy stresses the need to maintain and build on the progress in international cooperation on tax matters that has been achieved in recent years, and in some respects now appears under stress. | |||
| read more | |||
| Deutsche Bank begins talks over merger with rival Commerzbank | |||
| March 10, 2019--Union would form Europe's second largest bank and a rival to HSBC
Deutsche Bank has begun tentative merger talks with rival Commerzbank, which would create Europe's second biggest bank behind HSBC and fend off unwanted potential bidders such as French giant BNP Paribas. | |||
| read more | |||
| Monday Morning Memo: ESG a new paradigm for the European Investment Industry? | |||
| March 10, 2019--Following the news about product releases and trends in the European fund industry, one may get the impression sustainable investing is the new hot topic in the industry since there are funds with a sustainable investment objective launched every week. | |||
| read more | |||
| Brexit fallout on UK finance intensifies-think tank | |||
| March 10, 2019--More than 275 financial firms are moving a combined $1.2 trillion (£925 billion) in assets and funds and thousands of staff from Britain to the European Union in readiness for Brexit at a cost of up to $4 billion, a report from a think tank said on Monday. | |||
| read more | |||
| IMF Working Paper-The Russian State's Size and its Footprint: Have They Increased? | |||
| March 8, 2019--Summary:
The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far from the EBRD's estimate of 35 percent for 2005-10. | |||
| read more | |||
| New Invesco ETFs on Xetra offer Access to US Government Bonds | |||
| March 8, 2019--Since Friday, four new Exchange Traded Funds from Invesco have been tradable via Xetra and B&ouul;rse Frankfurt.
With the four bond index ETFs, investors can participate in the performance of tradable government bonds issued by the US government. | |||
| read more | |||
| Sweden's Avanza licenses gender equality index for tracker | |||
| March 8, 2019--Avanza, the Swedish online stock broker and fund services provider, has licensed use of the Equileap European Gender Equality 75 index to support the launch of its AVA Gender Equality Tracker-an exchange traded note listed on the Stockholm Stock Exchange. | |||
| read more | |||
| Net sales of UCITS and AIFs dropped to EUR 245 billion in 2018, a level not seen since 2011 | |||
| March 8, 2019--The European Fund and Asset Management Association (EFAMA) has today published its latest Quarterly Statistical Release describing the trends in the European investment fund industry in the fourth quarter of 2018 with key data and indicators for each EFAMA member country. | |||
| read more | |||
| ECB-Monetary policy decisions | |||
| March 7, 2019--At today's meeting the Governing Council of the European Central Bank (ECB) took the following monetary policy decisions:
(1) The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. | |||
| read more | |||
| ESMA report values EU Alternative Investment Funds at 4.9 trillion Euros | |||
| March 7, 2019--The European Securities and Markets Authority (ESMA) today published its first statistical report on European Union (EU) Alternative Investment Funds (AIF). The study finds that the EU AIF sector in 2017, as measured by Net Asset Value (NAV), amounted to €4.9tn or nearly one third of the total EU fund industry. The report is based on data from 26,378 AIFs, or 80% of the market, and will be published annually. | |||
| read more | |||
| ESMA sets out its approach to several MiFID II/MiFIR and BMR provisions under a no-deal Brexit | |||
| March 7, 2019--The European Securities and Markets Authority (ESMA) has today published a statement on its approach to the application of some key MiFID II/MiFIR and Benchmark (BMR) provisions should the United Kingdom (UK) leave the European Union (EU) under a no-deal Brexit. | |||
| read more | |||
| BDI-Global Growth Outlook 03/2019-Growth or recession? Global economy at a crossroads | |||
| March 6, 2019--As things stand, one major bad decision would be enough to tip the balance and endanger Europe's economic growth. The federal government has no time to lose. | |||
| read more | |||
| Knorr-Bremse and Dialog Semiconductor new in MDAX | |||
| March 5, 2019--On Tuesday, Deutsche Börse announced changes to its selection indices, which will become effective on 18 March 2019. The shares of Knorr-Bremse AG will be included in the MDAX index and will replace the shares of Salzgitter AG, which will be included in the SDAX index. | |||
| read more | |||
| National Statistics: UK official holdings of international reserves: February 2019 | |||
| March 5, 2019--This release details movements in the international reserves of gold and assets held by the UK government. | |||
| read more | |||
| BOE-Key elements of the 2019 stress test | |||
| March 5, 2019--The Bank of England's 2019 annual cyclical scenario (ACS) will test the resilience of the UK banking system to deep simultaneous recessions in the UK and global economies, a financial market stress, and an independent stress of misconduct costs | |||
| read more | |||
| ETF group targets CDS with new short crossover credit fund | |||
| March 4, 2019--Fixed income ETF provider Tabula Investment Management has launched a new passive fund as a way to short European sub-investment grade corporate credit, in a bid to make CDS indices more accessible. | |||
| read more | |||
| European Commission-Report on the implementation of the Circular Economy Action Plan | |||
| March 4, 2019--The European Commission has released a Comprehensive report on the implementation of the Circular Economy Action Plan. | |||
| read more | |||
| Monday Morning Memo: New Fee Models May Become a Competitive Edge for Fund Promoters | |||
| March 4, 2019--The European asset management industry had a rather rough start in 2019. In regard to this, it is not surprising there is a lot of discussion around current sales trends. From my perspective, these discussions may lead in the wrong direction since sales trends are often driven by the respective market environment and, therefore, are not under the control of the fund promoters. | |||
| read more | |||
| IMF Working Papers-How Effective is Macroprudential Policy? Evidence from Lending Restriction Measures in EU Countries | |||
| March 1, 2019--Summary:
This paper assesses the effectiveness of lending restriction measures, such as loan-to-value and debt-service-to-income ratios, in affecting developments in house prices and credit. We use data on 99 lending standard restrictions implemented in 28 EU countries over 1990–2018. | |||
| read more | |||
| Boerse Stuttgart records February turnover of EUR 5,2 billion | |||
| March 1, 2019--Equities show significant increase in trading volume compared with January figures
Based on the order book statistics, Boerse Stuttgart generated turnover of around EUR 5.2 billion in February 2019. Securitised derivatives made up the largest share of the turnover. | |||
| read more | |||
| ETF growth surges on the back of European volatility, social conscience | |||
| March 1, 2019--Research from Greenwich associates finds ETF allocations grew by 50% in Europe last year, with further growth expected in 2019. | |||
| read more | |||
| Cash markets achieve turnover of 116.0 billion euros in February | |||
| March 1, 2019--Deutsche Börse's cash markets generated a turnover of €116.0 billion in February (previous year: €158.5 billion). €104.0 billion were attributable to Xetra (previous year: €143.4 billion), bringing the average daily volume to €5.2 billion. | |||
| read more | |||
| State Street goes big with new global equity ETF | |||
| March 1, 2019--State Street Global Advisors is targeting 'major' global equity opportunities with the launch of a broad ETF aimed at unlocking returns from across $40 trillion-worth of investable assets. | |||
| read more | |||
| ESMA registers DTCC Data Repository (Ireland) PLC as trade repository | |||
| March 1, 2019--The European Securities and Markets Authority (ESMA), the EU supervisor of trade repositories (TRs), has registered today DTCC Data Repository (Ireland) PLC as a TR under the European Market Infrastructure Regulation (EMIR), with effect from 1 March 2019. | |||
| read more | |||
| ESMA to recognise the UK Central Securities Depository in the event of a no-deal Brexit | |||
| March 1, 2019--The European Securities and Markets Authority (ESMA) has today announced that, in the event of a no-deal Brexit, the Central Securities Depository (CSD) established in the United Kingdom (UK)-Euroclear UK and Ireland Limited-will be recognised as a third country CSD to provide its services in the European Union (EU). | |||
| read more | |||
| MiFID II: ESMA makes available the results of the annual transparency calculations for equity and equity-like instruments | |||
| March 1, 2019--The European Securities and Markets Authority (ESMA) has today made available the results of the annual transparency calculations for equity and equity-like instruments.
ESMA has today started to make the annual transparency calculations for equity and equity-like instruments available. | |||
| read more | |||
| Flow Traders publishes its 2018 Annual Report and Financial Statements | |||
| February 28, 2019--Flow Traders N.V. (Euronext: FLOW) is pleased to announce today's publication of its 2018 Annual Report and 2018 Financial Statements. | |||
| read more | |||
| Handelsbanken Fonder and Xact to license Solactive ISS ESG Screened Index Series | |||
| February 28, 2019--Solactive is pleased to announce that Handelsbanken's two fund management companies, Handelsbanken Fonder AB (active management) and Xact Kapitalförvaltning AB (passive management) license several ESG indices for benchmarking purposes, effectively switching index providers for 20 equity and fixed income indices over the next few months. | |||
| read more | |||
| In Turbulent Times, European Institutions Turn to ETFs | |||
| February 28, 2019--Allocations to exchange-traded funds by institutions currently investing in ETFs increased by 50% in 2018, totaling 15% of total assets among the 127 institutional investors participating in Greenwich Associates most recent European Exchange-Traded Funds Study. | |||
| read more | |||
| ESMA TRV: Political uncertainty amid growth slowdown weighs on market sentiment | |||
| February 28, 2019-EU financial markets are increasingly nervous, reflected in rising volatility, the European Securities and Markets Authority (ESMA) said today in its latest Trends, Risks, and Vulnerabilities (TRV) Report (No 1.2019).
Uncertainty related to Brexit, amid weakening growth prospects, global trade tensions, and reduced global monetary policy stimulus have contributed to market risk remaining very high. | |||
| read more | |||
| Swiss fintech lists crypto bitcoin on SIX Swiss Exchange | |||
| February 28, 2019--Swiss fintech specialist Amun AG has launched the world's first physically-backed crypto Bitcoin ETP (ABTC) on SIX Swiss Exchange. This ETP gives access to the world's most popular crypto coin. | |||
| read more | |||
| FCA releases updated guidance on EU departure preparations | |||
| February 28, 2019--The Financial Conduct Authority (FCA) has published updated information to help support regulated firms in finalising their preparations for as smooth a transition as possible when the UK leaves the EU.
It is urging firms to ensure they are making any necessary changes to protect customers from negative impacts of leaving the EU, whatever the outcome of negotiations-for instance, in the event of a no-deal Brexit. | |||
| read more | |||
| LSE to cut 250 jobs as it resets earnings target | |||
| February 28, 2019--The London Stock Exchange Group is to cut 250 jobs as its new chief executive David Schwimmer reset earnings targets. | |||
| read more | |||
| STOXX Global Electric Vehicles & Driving Technology Index licensed to BlackRock | |||
| February 28, 2019--STOXX Ltd., the operator of Deutsche Boerse Group's index business and a global provider of innovative and tradable index concepts, has licensed the STOXX(R) Global Electric Vehicles & Driving Technology Index to BlackRock to serve as an underlying for an ETF. | |||
| read more | |||
| New iShares ETFs on Xetra offer access to US government bonds | |||
| February 28, 2019--Since Thursday, two new Exchange Traded Funds from iShares are tradable via Xetra and Börse Frankfurt.
The two bond ETFs give investors the opportunity to participate in the performance of US dollar-denominated government bonds issued by the US government. | |||
| read more | |||
| WisdomTree unveils two roll-enhanced commodity ETPs | |||
| February 27, 2019--WisdomTree has launched two new exchange-traded commodities on the London Stock Exchange, providing exposure to baskets of commodity futures from the industrial metals and energy sectors. | |||
| read more | |||
| ECB-Monetary developments in the euro area: January 2019 | |||
| February 27, 2019--Annual growth rate of broad monetary aggregate M3 decreased to 3.8% in January 2019 from 4.1% in December 2018
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 6.2% in January from 6.6% in December | |||
| read more | |||
| European Semester Winter Package: assessing Member States' progress on economic and social priorities | |||
| February 27, 2019--In its annual assessment of the economic and social situation in the Member States, the European Commission today stresses the need to promote investment, pursue responsible fiscal policies and implement well-designed reforms. Challenges vary significantly across countries and call for appropriate and determined policy action. | |||
| read more | |||
| New iShares ETFs track indices with focus on sustainability | |||
| February 27, 2019--Since Wednesday, six new Exchange Traded Funds from iShares are tradable via Xetra and Börse Frankfurt. The six new equity ETFs give investors the opportunity to participate in the performance of companies from different regions with comparatively high ESG ratings. | |||
| read more | |||
| New ETF of BNP Paribas Easy for bonds with good ESG ratings | |||
| February 26, 2019--Since Tuesday, a new Exchange Traded Fund of BNP Paribas Easy is tradable via Xetra and Börse Frankfurt.
The BNP PARIBAS EASY EUR Corp Bond SRI Fossil Free UCITS ETF Acc provides investors exposure to around 400 euro-denominated investment grade bonds, selected using environmental, social and governance ("ESG") criteria. | |||
| read more | |||
| Theresa May poised to open the way for delaying Brexit | |||
| February 26, 2019--UK prime minister to offer MPs chance to take a no-deal Brexit off table on Tuesday Theresa May will dramatically open the way for a delay in Brexit if MPs continue to block an exit deal, as she seeks to head off resignations by around a dozen Europhile ministers. | |||
| read more | |||
| Sustainability pays off. Eurex is the first exchange to offer sustainable ESG futures | |||
| February 26, 2019--The importance of so-called ESG (Environmental, Social, and Governance) information is constantly increasing, because sustainable investing is becoming more and more important and interesting for investors worldwide. The European market for sustainable indices is continuing to grow strongly. | |||
| read more | |||
| Finance industry wins a two-year break on EU benchmarks law | |||
| February 26, 2019--European Union policy makers agreed to give an extra two years to the financial industry to complete an overhaul of key regional and foreign financial benchmarks to protect them from potential manipulation | |||
| read more | |||
| Synthetix Launches 'Synthetic' Bitcoin on Ethereum Blockchain | |||
| February 25, 2019--The new coin allows for better liquidity and lower risk according to the company | |||
| read more | |||
| New iShares ETFs on Xetra: US Government Bonds and E-mobility Companies | |||
| February 25, 2019--Since Monday, two Exchange Traded Funds of iShares are tradable via Xetra and Börse Frankfurt.
The iShares Treasury $ Bond 0-1yr UCITS ETF USD gives investors the opportunity to participate in the performance of liquid US government bonds issued in US dollars and with a maturity of up to one year. | |||
| read more | |||
| The UK Financial Conduct Authority (FCA) Reports A 480% Increase in Data Breaches | |||
| February 25, 2019--The number of breaches reported by financial institutions has increased dramatically:
"The number of data breaches reported by UK financial services firms to the Financial Conduct Authority (FCA) increased 480% in 2018, to 145 up from just 25 in 2017", shows research from RPC, the City-headquartered law firm | |||
| read more | |||
| FCA says Mifid II to cut investor costs by 1bn Pounds | |||
| February 25, 2019-- New EU rules on the funding of investment research are set to deliver £1bn in savings for UK fund investors over the next five years, the Financial Conduct Authority has said. | |||
| read more | |||
| BlackRock expands thematics range with electric vehicle and driving technology ETF | |||
| February 25, 2019--TER of 0.40% The iShares Electric Vehicles and Driving Technology UCITS ETF (ECAR) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.40%. | |||
| read more | |||
| New EU low-carbon benchmarks boost for sustainable investment | |||
| February 25, 2019--The EU Council and Parliament reached a preliminary agreement Monday on a proposal for new financial benchmarks aimed at giving greater information on an investment portfolio's carbon footprint. | |||
| read more | |||
| Monday Morning Memo: European Investors Shy Further Away From Mutual Funds in January 2019 | |||
| February 24, 2019--The negative trend with regard to fund flows in Europe continued in January, even as the securities markets showed a rebound. As a consequence, January was the ninth month in a row long-term mutual funds posted net outflows after 16 consecutive months of net inflows. | |||
| read more | |||
| Theresa May is said to face calls to quit after Brexit | |||
| February 23, 2019--Theresa May must resign as British prime minister and Conservative leader later this year after delivering Brexit, according to politicians at the highest levels of her own government. | |||
| read more | |||
| B-Hive Europe launches a Fintech Landscape Report, B-Lens, together with Roland Berger and Sirris | |||
| February 22, 2019--B-Hive, the collaborative innovation platform, together with Roland Berger, one of the leading global consultancy firms, and Sirris, the collective center for and by the technological industry, has published B-Lens 2.0, a fintech landscape report that takes a look at the state of financial services and fintechs in Belgium and Europe. | |||
| read more | |||
| New Vanguard ETFs on Xetra: Investment Grade Government and Corporate Bonds | |||
| February 21, 2019--Both bond ETFs include investment grade bonds with a maturity of more than one year.
Since Thursday two Vanguard ETFs are tradable via Xetra and Börse Frankfurt. The two bond ETFs give investors access to euro-denominated government bonds within the eurozone and euro-denominated corporate bonds worldwide. | |||
| read more | |||
| Account of the monetary policy meeting of the Governing Council of the European Central Bank | |||
| February 21, 2019--Held in Frankfurt am Main on Wednesday and Thursday, 23-24 January 2019
1. Review of financial, economic and monetary developments and policy options Financial market developments Mr Cœuré reviewed the latest financial market developments. In the first few weeks of 2019 volatility had remained elevated across different market segments, in particular in equity and commodity markets. | |||
| read more | |||
| Deutsche Borse increases transparency in ETF trading | |||
| February 21, 2019--New key indicator provides information on trading costs over the course of the trading day
Deutsche Börse is providing ETF investors with a new key indicator: The iXLM (intraday Xetra liquidity measure) provides information on how trading costs of an ETF have developed over the course of a trading day. This allows investors to deduce the period in which the trading costs of an ETF were particularly low and to take this information into account for future decisions. | |||
| read more | |||
| Forecasts for the UK economy: February 2019 | |||
| February 20, 2019--A comparison of independent forecasts for the UK economy in February 2019. | |||
| read more | |||
| EBA publishes Consumer Trends Report for 2018-19 | |||
| February 20, 2019--The European Banking Authority (EBA) published today its Consumer Trends Report for 2018 and 2019. The Report covers the trends and issues related to retail banking products and services that fall within the EBA's consumer protection mandate, such as mortgages, consumer credit, deposits, payment accounts, payment services and electronic money. | |||
| read more | |||
| ETFGI reports ETFs and ETPs listed in Europe gather US$9.79 billion during January 2019 | |||
| February 20, 2019--ETFGI, a leading independent research and consultancy firm covering trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Europe gathered net inflows of US$US$9.79 billion in January. | |||
| read more | |||
| STOXX expands its thematic index offering | |||
| February 20, 2019--STOXX Ltd., the operator of Deutsche Boerse Group's index business and a global provider of innovative and tradable index concepts, has launched seven new thematic indices. They cover a broad array of themes: housing construction, industry 4.0, millennials, sharing economy, silver economy, smart cities, and smart factory. | |||
| read more | |||
| WisdomTree appoints director of Research Fixed Income | |||
| February 19, 2019--WisdomTree has expanded Fixed Income Research and Strategy team with the appointment of Lidia Treiber as director of Research in Europe. | |||
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| BNP Paribas launches 'socially responsible" credit ETF | |||
| February 19, 2019--The index-tracking fund looks to exclude companies based on their ESG credentials February 19, 2019--BNP Paribas Asset Management has launched a socially responsible credit exchange-traded fund. | |||
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| Vienna Stock Exchange calculates new CEE Blue Chip Benchmark "Eastern Europe Traded Index" | |||
| February 19, 2019--With the "Eastern Europe Traded Index" (EETX) index family Vienna Stock Exchange today launches six new indices. The EETX focuses on the 40 largest blue chips of the Russian, Central, Eastern and Southeastern European markets. | |||
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| ESMA supervision to focus on data, Brexit and cybersecurity in 2019 | |||
| February 19, 2019--The European Securities and Markets Authority (ESMA) has published today its 2019 Supervision Work Programme, which details the main areas of focus for the upcoming year for ESMA's supervision of Trade Repositories (TRs), Credit Rating Agencies (CRAs), and the monitoring of third-country market infrastructures such as third-country central clearing counterparties (TC-CCPs) and third-country Central Securities Depositories (TC-CSDs). | |||
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| Retail investors at risk in Brexit dual-listing tussle | |||
| February 19, 2019--Brussels does not plan to recognise London venues if UK leaves EU abruptly next month Brussels' plan to restrict trading in shares listed both in London and elsewhere in the EU in the event of a hard Brexit will deliver a blow to retail investors, asset management groups have warned. | |||
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| Euro area investment fund statistics: fourth quarter of 2018 | |||
| February 19, 2019--In the fourth quarter of 2018 the outstanding amount of shares/units issued by investment funds other than money market funds was €10,990 billion, €667 billion lower than in the third quarter of 2018. | |||
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| Official Statistics: Database of forecasts for the UK economy | |||
| February 19, 2019--We've compiled independent forecasts for the UK economy since 1986. This database includes forecasts of key economic indicators from those publications | |||
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| Big asset managers cut research costs at higher rate | |||
| February 18, 2019--Large asset managers have been more successful than smaller rivals at controlling costs in the wake of new European rules on research... | |||
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| MiFID II research rules 'hitting sector coverage and quality' | |||
| February 18, 2019--A cut in spending on research by fund managers, caused by MiFID II rules, could be leading to poorer coverage of some sectors of the equity market, surveys of the industry have found. | |||
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| ESMA to recognise three UK CCPs in the event of a no-deal Brexit | |||
| February 18, 2019--The European Securities and Markets Authority (ESMA) has today announced that in the event of a no-deal Brexit, three central counterparties (CCPs) established in the United Kingdom (UK)-LCH Limited, ICE Clear Europe Limited and LME Clear Limited-will be recognised to provide their services in the European Union (EU). | |||
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| Monday Morning Memo: Review of the European ETF Market, January 2018 | |||
| February 17, 2019--The promoters of ETFs in Europe enjoyed net inflows for January. These inflows led, in combination with a positive performance of the underlying markets, to increased assets under management in the European ETF industry. | |||
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