| BlackRock in talks to buy stake in Italian fund house-continued | |||||
| June 11, 2018--BlackRock is talking to Eurizon, Italy's second-largest fund house with €314bn under management, about buying a minority stake as the world's... | |||||
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| Source: themarketdigest.org | |||||
| Europe ETP News |
| US group heads for the cloud with latest ETF launch | |||
| February 13, 2019--First Trust Global Portfolios has launched a Ucits-compliant ETF focusing on opportunities in the cloud computing space.
The new fund, called First Trust Cloud Computing Ucits ETF, will be offered through the UK-based affiliate of US group First Trust Advisors. | |||
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| Amundi lifts earnings despite 50bn euros hit in final quarter | |||
| February 13, 2019--Europe's largest fund manager ends year flat as volatility bites | |||
| read more | |||
| Euronext Dublin beefs up European fund-listing role | |||
| February 12, 2019--Exchange's new owner has plans to expand the hub but the path is unlikely to be smooth. | |||
| read more | |||
| IMF Staff Country Report-The Kingdom of the Netherlands-Netherlands: Selected Issues | |||
| February 12, 2019--CORPORATE SAVING IN THE NETHERLANDS1
The Netherlands' current account (CA) surplus in percent of GDP is among the highest in the world. The non-financial corporation (NFC) net saving is the largest contributor to the CA surplus. | |||
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| Monday Morning Memo: Review of the European ETF Market-2018 | |||
| February 11, 2019--The year 2018 was a tough year for the European fund industry. Despite headwinds from the markets and outflows from their actively managed peers, the promoters of ETFs in Europe enjoyed net inflows in every single month of the year 2018. | |||
| read more | |||
| ESMA report finds investment product performance highly impacted by charges | |||
| January 10, 2018--The Report covers Undertakings for Collective Investment in Transferable Securities (UCITS), Alternative Investment Funds sold to retail investors (retail AIFs) and Structured Retail Products (SRPs). | |||
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| How London won the race for the renminbi | |||
| February 8, 2019--The city's charm offensive has paid off, with daily orders averaging $73bn in October | |||
| read more | |||
| ESMA publishes list of thresholds below which an EU prospectus is not required | |||
| February 8, 2019--The European Securities and Markets Authority (ESMA) has published today a document listing the thresholds below which an offer of securities to the public does not need a prospectus in the various Member States of the European Union (EU). | |||
| read more | |||
| Flow Traders reports strong finish to a record year 2018 | |||
| February 8, 2019--Flow Traders N.V. (Euronext: FLOW) announces its unaudited 4Q18 results:
4Q18 ETP Value Traded was up 49% Q-o-Q to &euro273bn. This resulted in a 31% Y-o-Y increase, compared to a 34% Y-o-Y increase in market ETP Value Traded following market developments in the US | |||
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| ESMA publishes its 2019 Risk Assessment Work Programme | |||
| February 7, 2019--The European Securities and Markets Authority today publishes its Risk Assessment Work Programme , providing an overview of the analytical, research, data and statistical activities that ESMA will carry out in 2019. | |||
| read more | |||
| Swiss Stock Exchange SIX Plans Blockchain Platform in H2 | |||
| February 7, 2019--Switzerland's top stock exchange, SIX, aims to roll out a blockchain platform to speed up trading later this year. | |||
| read more | |||
| New EU derivatives rules to reduce costs and regulatory burdens | |||
| February 7, 2019--The EU Parliament and states reached political agreement Tuesday on rules applying to non-financial counterparties, small financial counterparties and pension funds using financial derivative products. | |||
| read more | |||
| Launch of the First Polish ETF | |||
| January 7, 2019--A new WIG20TR ETF has been added to GPW's offer of financial products
The new Beta ETF is the first Polish ETF listed on GPW Beta ETF WIG20TR, the first 100% Polish ETF in the history of the Warsaw Stock Exchange, established under Polish law, developed and managed by Polish experts, has been newly listed on GPW’s Main Market today. | |||
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| Nasdaq Copenhagen Welcomes XACT OMXC25 ETF | |||
| February 7, 2019--Nasdaq (Nasdaq: NDAQ) announced today that trading in the Xact OMXC25 ETF (UCITS ETF) commences on Nasdaq Copenhagen*. Xact C25 ETF is issued by Xact Kapitalförvaltning AB and distributed by Handelsbanken Denmark. Xact C25 ETF is traded under ISIN code SE0011452127, has the Trading Code XACTC25, and is the first ETF to be accepted for trading on the Nasdaq Copenhagen exchange. | |||
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| Winter 2019 Economic Forecast: growth moderates amid global uncertainties | |||
| February 7, 2019--The European economy is expected to grow for the seventh year in a row in 2019, with expansion forecast in every Member State. The pace of growth overall is projected to moderate compared to the high rates of recent years and the outlook is subject to large uncertainty. | |||
| read more | |||
| HANetf completes second oversubscribed funding round | |||
| February 6, 2019--HANetf, Europe's first independent "white-label" UCITS ETF platform, has completed its second oversubscribed funding round, bringing on a number of experienced industry figures. | |||
| read more | |||
| ESMA publishes supervisory briefing on the supervision of non-EU branches of EU firms | |||
| February 6, 2019--The European Securities and Markets Authority (ESMA) has today published a MiFID II supervisory briefing on the supervision of non-European Union (EU) branches of EU firms providing investment services and activities. | |||
| read more | |||
| ESMA SETS OUT 2019 PRIORITIES FOR SUPERVISORY CONVERGENCE | |||
| February 6, 2018--The European Securities and Markets Authority (ESMA) has published today its 2019 Supervisory Convergence Work Programme (SCWP), which sets out ESMA's work streams to promote sound, efficient and consistent supervision across the European Union (EU). | |||
| read more | |||
| IMF Staff Country Reports-Italy: Selected Issues | |||
| February 6, 2019--REFORMING ITALY'S SOCIAL WELFARE SYSTEM AND LOWERING TAXES ON LABOR: SOME CONSIDERATIONS2 The Italian authorities are keen to improve Italy's social welfare system. They plan to introduce a new citizenship income program, aimed at assisting the poor and facilitating their reintegration into the labor market. | |||
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| Market-maker Flow Traders names head of fixed income | |||
| February 6, 2019--Ramon Baljé joins electronic market maker in Amsterdam Ramon Baljé joined Flow Traders earlier this month, a spokesperson confirmed. | |||
| read more | |||
| UK official holdings of international reserves: January 2019 | |||
| February 5, 2019--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. | |||
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| Three new Xtrackers ETFs on Xetra: Equity ETFs with a focus on Europe and companies related to Artificial Intelligence and Future Mobility worldwide | |||
| February 5, 2019--Three new Exchange Traded Funds of DWS have been available for trading on Xetra and Börse Frankfurt since Tuesday.
With the Xtrackers Artificial Intelligence & Big Data UCITS ETF-1C, investors can participate in the performance of companies from industrialised and emerging countries worldwide that are linked to artificial intelligence, data processing and data security. | |||
| read more | |||
| ESMA consults on liquidity stress test guidance for investment funds | |||
| February 5, 2019--The European Securities and Markets Authority (ESMA) has started today a public consultation on its draft guidance regarding liquidity stress tests of investment funds-applicable to alternative investment funds (AIFs) and Undertakings for the Collective Investment in Transferable Securities (UCITS). | |||
| read more | |||
| The European Union Budget, and Economic and Monetary Policy (EU Exit) Regulations 2019 | |||
| February 5, 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 | |||
| Investors fret about dual-listed shares under a hard Brexit | |||
| February 4, 2019--European investors are urging regulators to protect their ability to buy the London-listed shares of several major companies, including Royal Dutch Shell, Unilever and Ryanair, should the UK leave the EU abruptly at the end of next month. | |||
| read more | |||
| Monday Morning Memo: Review 2018-Rough Markets took their toll from the European Fund Industry | |||
| February 4, 2019--The European fund industry faced estimated net outflows of €129.2 bn in 2018 after six consecutive years with net inflows. The flows were mainly driven by the discussions about a possible trade war between the USA and China, as well as a possible return of the Euro crisis caused by developments in Italy and France, and an environment of rising interest rates in the USA. | |||
| read more | |||
| ESMA updates Q&A on EMIR data reporting | |||
| February 4, 2019--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). | |||
| read more | |||
| ESMA updates Q&A on MiFIR data reporting | |||
| February 4, 2019--The European Securities and Markets Authority (ESMA) has issued today an update of its Q&As on data reporting under the Market in Financial Instruments Regulation (MiFIR). | |||
| read more | |||
| FCA publishes its second set of rules following its Asset Management Market Study | |||
| February 4, 2019--The Financial Conduct Authority (FCA) has published new rules and guidance to improve the quality of the information available to consumers about the funds they invest in.
The asset management industry plays an important role in the UK's economy. Asset managers seek returns for investors by investing in a variety of assets. | |||
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| SIX Swiss Exchange ETF Market Report: ETF Market Report: 4th quarter 2018 | |||
| February 1, 2019--This report provides detailed figures regarding the performance of the ETF segment of SIX.
There were more losers than winners on the financial markets in the fourth quarter. Despite the generally difficult circumstances on the financial markets, the Swiss ETF market continued to develop dynamically, as the latest ETF Market Report shows. | |||
| read more | |||
| ESMA UPDATES ITS Q&AS ON MIFID II AND MIFIR MARKET STRUCTURE AND TRANSPARENCY TOPICS | |||
| February 1, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers regarding market structures and transparency issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). | |||
| read more | |||
| The Spanish Exchange traded 41.40 euros bn in January | |||
| February 1, 2019--Growth of 6,8% in trading volume in what is the best month since October
Trading in IBEX 35 Futures increased 4.8% Fixed Income markets trading soared 240,8% | |||
| read more | |||
| Cash markets achieve turnover of 123.4 billion euros in January | |||
| February 1, 2019--Deutsche Börse's cash markets generated a turnover of €123.4 billion in January (previous year: €156.5 billion).
Of the €123.4 billion, €112.3 billion were attributable to Xetra (previous year: €140.4 billion), bringing the average daily Xetra trading volume to €5.1 billion. | |||
| read more | |||
| Amundi steps up SRI push with low-cost EM ETF | |||
| February 1, 2019--Amundi ETF has boosted its SRI range with an emerging markets strategy, the firm has announced.
The Amundi Index MSCI Emerging Markets SRI-Ucits ETF has an ongoing charge of 0.25% and tracks the MSCI Emerging Markets SRI index. | |||
| read more | |||
| ESMA Q&As clarify prospectus and transparency rules in case of no-deal Brexit | |||
| January 31, 2019--The European Securities and Markets Authority (ESMA) has issued today three Questions and Answers (Q&As) regarding the Prospectus Directive (PD ) and the Transparency Directive (TD ).
The Q&As clarify the application of certain provisions in these Directives in case the UK withdraws from the European Union (EU) on 29 March 2019 with no withdrawal agreement in place (no-deal Brexit). These Q&As will only apply in case of a no-deal Brexit. | |||
| read more | |||
| London Stock Exchange to buy 278.5m euro stake in Euroclear | |||
| January 30, 2019--The London Stock Exchange (LSE) has expanded its reach in Europe with an agreement today to acquire a nearly five per cent stake in clearing house Euroclear. | |||
| read more | |||
| SocGen Plans Investment Bank Job Cuts After Trading Slump | |||
| January 30, 2019--Societe Generale SA is making a last-ditch effort to boost its performance after a trading slump threatened Chief Executive Officer Frederic Oudea's targets. | |||
| read more | |||
| Amundi recruits UK ETFs head from BlackRock | |||
| French asset manager recruits from market leader to boost presence in expanding index-tracking sector January 30, 2019--Amundi, the French asset manager, has hired BlackRock iShares' UK head of institutional sales in a push to boost its presence in the UK market. | |||
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| New Invesco ETF on Xetra: Sustainable equity ETF based on ESG and Catholic principles | |||
| January 29, 2019--Since Tuesday a new Exchange Traded Fund of Invesco is tradable via Xetra and Börse Frankfurt. The MSCI Europe ESG Leaders Catholic Principles UCITS ETF 1D enables investors to participate in the performance of European companies with a comparatively high ESG rating. | |||
| read more | |||
| EU's Tusk says Brexit "backstop" not renegotiable | |||
| January 29, 2019--European Council President Donald Tusk said the EU-UK divorce deal was not up for renegotiation after Britain's parliament on Tuesday voted to replace the Irish "backstop" border arrangement contained in it with unspecified "alternative arrangements". | |||
| read more | |||
| Euro area economic and financial developments by institutional sector: third quarter of 2018 | |||
| January 29, 2019--Euro area net saving was broadly unchanged at €805 billion in the four quarters to the third quarter of 2018. Euro area net non-financial investment increased to €431 billion (from €406 billion previously), due to increased investments by households and non-financial corporations. | |||
| read more | |||
| Monday Morning Memo: European Fund-Flow Trends, December 2018 | |||
| January 28, 2019--After unexpectedly high outflows in October and November, European investors pulled further away from long-term mutual funds in December as the market environment and general sentiment remained negative. As a consequence, December was the eighth month in a row posting net outflows from long-term mutual funds after 16 consecutive months showing net inflows. | |||
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| IMF Working Paper-Reform Options for Mature Defined Benefit Pension Plans: The Case of the Netherlands | |||
| January 25, 2019--The Netherlands has been operating fully funded, defined benefit second pillar pension schemes that have consistently ranked high worldwide for delivering high replacement rates while featuring strong solidarity among members. | |||
| read more | |||
| ETFGI reports ETFs and ETPs listed in Europe gather net inflows of 3.93 billion US dollars during December 2018 | |||
| January 25, 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$3.93 billion during December, bringing 2018 net inflows to US$56.72 billion. | |||
| read more | |||
| LSE ETP December 2018 Monthly Report | |||
| January 25, 2019--Listings
12 new ETFs were listed in December 2018, bringing a total of 323 new ETP listings in 2018-all time record. There are now 1,161 ETFs (available as 1,689 lines through multi-currency offerings) and 461 ETCs/ETNs (available as 554 lines) on our London market. | |||
| read more | |||
| Investors grapple with Europe's darkening economy | |||
| January 24, 2019--Slowing data could weigh on euro but offers hope for bonds | |||
| read more | |||
| European Authorities remain mostly blind when it comes to the Past Performance and Costs of Long-term Savings Products, despite first reports ever released | |||
| January 24, 2019--Long-term retail savings are the only EU consumer products for which consumers and Public Supervisors not only don't have a clue as to their future performance, but they don't even know what their past performance has been. | |||
| read more | |||
| Lyxor-2018 ETF flows analysis and expectations for 2019 | |||
| January 23, 2019--Last year proved challenging for investors, bookended as it was by an early market "melt-up" and an even more dramatic late meltdown. It began and ended in chaos amid mounting economic and political uncertainty on both sides of the Atlantic. Nearly all asset classes closed in negative territory. | |||
| read more | |||
| Lyxor launches eurozone government bond ETF | |||
| January 23, 2019--Lyxor launches eurozone government bond ETF. French asset manager Lyxor has launched a eurozone government ETF to complete its range of passive funds. | |||
| read more | |||
| PGGM is the first pension fund manager to centrally clear repos at Eurex | |||
| January 22, 2019--January 22, 2019--With this direct clearing connection, Eurex addresses repo market liquidity concerns as well as the regulatory-driven challenges of asset owners, in particular pension funds. The European Markets Infrastructure Regulation (EMIR) requires over-the-counter derivatives to be cleared through central clearing counterparties. | |||
| read more | |||
| European ETF trading increasingly automated as Mifid II takes hold | |||
| January 21, 2019--Transparency rules are eating away at the traditional phone-based trade. | |||
| read more | |||
| Monday Morning Memo: 2018 was an outstanding year for ETFs in Europe | |||
| January 21, 2019--The year 2018 was an outstanding year for exchange-traded funds even though it was a tough year for the European fund industry overall. The return of volatility caused by uncertainties coming from a possible trade war between the USA and China, the ongoing Brexit discussions, and a possible return of the euro crisis after the forming of a government in Italy led European investors to reduce the risk in their portfolios. | |||
| read more | |||
| DWS boosts Xtrackers Core range with Europe ex-UK ETF | |||
| January 21, 2019--DWS has expanded its range of Core Xtrackers with the addition of an exchange-traded fund (ETF) providing exposure to Europe ex-UK equities. | |||
| read more | |||
| Review of the European ETF Market, December 2018 | |||
| January 18, 2019--The promoters of ETFs in Europe enjoyed net inflows for December. Nevertheless, the assets under management in the European ETF industry decreased as the inflows were not able to offset the negative performance of the underlying markets. In more detail, the assets under management in the European ETF industry decreased from €666.1 bn as of November 30, 2018, to €633.1 bn at the end of December. | |||
| read more | |||
| Vanguard moves into Italy with ETF range | |||
| January 18, 2019--The world's largest investment group, Vanguard, has announced its expansion into Italy by listing a range of 19 equity and fixed income ETFs on the Borsa Italiana. | |||
| read more | |||
| European AI platform launches with EUR 20m EU funding | |||
| January 17, 2019--The EU's AI4EU artificial intelligence project officially launched Thursday with a view to mobilising Europe's AI community to build the first European on-demand Artificial Intelligence (AI) platform. | |||
| read more | |||
| SocGen Considers Shutting $4.7 Billion Prop-Trading Unit | |||
| January 17, 2019--Executives reviewing future of Descartes division: sources
Crosstown rival BNP shuttered prop-trading unit last week | |||
| read more | |||
| RBC I&TS extends position in Sweden following appointment by Nordea Markets | |||
| January 16, 2019--RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE), today announced that it has been appointed by Nordea Markets to provide custody, fund administration, transfer agency and related services for its UCITS Exchange Traded Funds (ETF) business listed in Sweden | |||
| read more | |||
| Official Statistics: Forecasts for the UK economy: January 2019 | |||
| January 16, 2019--A comparison of independent forecasts for the UK economy in January 2019 | |||
| read more | |||
| ESMA reports on accepted market practices under MAR | |||
| January 16, 2019--The European Securities and Markets Authority (ESMA) has published today its annual report on the application of accepted market practices (AMP) in accordance with the Market Abuse Regulation (MAR). | |||
| read more | |||
| BNPP AM strengthens sales team in Germany | |||
| January 16, 2019--BNP Paribas Asset Management (BNPP AM) has appointed Katharina Anna Rost to its ETF and Indexed Fund Solutions team in Germany, strengthening its sales capability and supporting its growth in the DACH region, effective 7 January 2019. | |||
| read more | |||
| Lyxor lists Green Bond ETF in Sweden | |||
| January 16, 2019--On Tuesday 15th January, Lyxor launched our Green Bond ETF on the Nasdaq OMX Stockholm exchange.
The Lyxor Green Bond (DR) UCITS ETF (listing code LYXGREEN SS) was the world's first green bond ETF, and this is Lyxor's first Swedish listing. | |||
| read more |