KASE Index ETF begins trading on Moscow Exchange-continued

October 16, 2018--On 16 October 2018, Moscow Exchange (MOEX) started trading in the KASE Index Exchange Traded Fund (ETF) managed by FinEx Investment Management LLP.
The ETF is listed on MOEX's Level 1 under the ticker FXKZ. Investment Company Freedom Finance is acting as the market maker.
The ETF is traded in roubles and linked to the share price denominated in KZT, since the ETF’s assets value is calculated in KZT. In the first day of trading, the ETF's launch volume was RUB 320 mln (ca. USD 5 mln).

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Source: Moscow Exchange (MOEX)


Europe ETP News
ESMA updates its EMIR Q&A
July 15, 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).
Following the entry into force of the EMIR review (so-called EMIR Refit), ESMA is reviewing the existing Q&As to align them, where necessary, with the new text requirements. A new Q&A not related to the entry into force of EMIR Refit has been added too.
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ESMA publishes report on the licencing of FinTech firms across Europe
June 12, 2019--The European Securities and Markets Authority (ESMA), the EU's securities markets' regulator, today publishes a report on the status of licencing regimes of FinTech firms across the European Union (EU).
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ESMA updates its Q&As relating to the Prospectus Regulation
July 12, 2019--The European Securities and Markets Authority (ESMA) has today included twenty-five new Q&As relating to Regulation (EU) 2017/1129 (the 'Prospectus Regulation').
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ECB-Account of the monetary policy meeting
Of the Governing Council of the European Central Bank, held in Vilnius on Wednesday and Thursday, 5-6 June 2019 July 11, 2019--1. Review of financial, economic and monetary developments and policy options
Financial market developments
Mr Cœuré reviewed the latest financial market developments.
Since the Governing Council's previous monetary policy meeting on 9-10 April 2019, US trade negotiations with both China and Mexico had progressively deteriorated, negatively impacting global equity markets and pushing equity risk premia higher.
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ESMA updates its Q&As regarding the Benchmark Regulation
July 11, 2019--The European Securities and Markets Authority (ESMA) has issued today an update of its Question and Answers (Q&As) on the European Benchmarks Regulation (BMR).
The new Q&As provide clarification on the following issues:
the commodity benchmark definition; and
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Bank of England warns no-deal Brexit could trigger economic shock
July 11, 2019--Governor says EU firms might also face lending crisis by being cut off from banks in London.
The Bank of England has warned that a no-deal Brexit could trigger a material shock to the UK economy while causing widespread disruption for EU companies by cutting them off from London-based banks.
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ESMA updates Q&AS on MiFID II and MiFIR investor protection and intermediaries
July 11, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR).
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New Lyxor ETF on Xetra: Focus on Emerging Markets
July 10, 2019--A new Exchange Traded Fund from Lyxor International Asset Management has been tradable on Xetra and Börse Frankfurt since Wednesday.
The Lyxor MSCI Emerging Markets Ex China UCITS ETF offers a global investment in the performance of listed companies in emerging markets, excluding the Republic of China.
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European Commission-Summer 2019 Economic Forecast: Growth clouded by external factors
July 10, 2019--The European economy is set for its seventh consecutive year of growth in 2019, with all Member States' economies due to expand. Growth in the euro area was stronger than expected in the first quarter of the year due to a number of temporary factors such as mild winter conditions and a rebound in car sales.
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IMF Staff Country Report-Germany: Selected Issues
July 10, 2019--WEALTH INEQUALITY AND PRIVATE SAVINGS IN GERMANY1
Does the large current account surplus in Germany reflect export-driven income gains that are evenly shared among the population? The evidence strongly suggests this is not the case and underscores the important role of German business wealth concentration in this context.
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New Amundi ETC on Xetra: Commodity investment in physical gold
July 9, 2019--Since Tuesday a new Exchange Traded Commodity (ETC) of Amundi is tradable via Xetra and Börse Frankfurt.
The ETC gives investors the opportunity to participate in the performance of gold. The price development is based on the spot gold price of the London Metal Exchange (LME) less accruing fees.
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Debt-laden Italy seizes moment to borrow more 50-year funds
July 8, 2019--Italy's Treasury has hired investment banks to help sell more of its 50-year bonds to institutional investors, seizing on improved market confidence after the government avoided European Union disciplinary action for excessive debt.
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Monday Morning Memo: Why Asset Managers Should Have an ETF Strategy
July 8, 2019--By looking at annual flow numbers and assets under management, it is clear that exchange-traded funds (ETFs) are more than just a trend.
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Bitcoin Cash ETP Lists on Leading Swiss Stock Exchange
July 6, 2019--Cryptocurrency tracking instruments traded on established equity exchanges allow institutional and retail investors to gain exposure to digital assets.
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Kazakhstan's Astana International Exchange lists first exchange-traded fund
July 4, 2019--ITI Funds became the first provider to list an exchange-traded fund (ETF) on Kazakhstan's Astana International Exchange (AIX) on July 3.
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Half-year report: Xetra-Gold achieves new record for gold holdings and assets under custody
July 3, 2019--Growth of around 13 tonnes year-to-date / Europe's largest gold security with physical deposit
The gold holdings of the exchange-traded Xetra-Gold bearer bond (ISIN: DE000A0S9GB0) rose to a new record of 194.3 tonnes as of 30 June.
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Monetary developments in the euro area: May 2019
July 1, 2019--Monetary developments in the euro area: May 2019
Annual growth rate of broad monetary aggregate M3 stood at 4.8% in May 2019, after 4.7% in April 2019
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 7.2% in May from 7.4% in April
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Monday Morning Memo: Don't Panic About Illiquid Holdings in Mutual Funds
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Cash markets achieve turnover of 116.0 billion euros in June
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€106.3 billion were attributable to Xetra (previous year: €142.1 billion), bringing the average daily volume to €5.6 billion.

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New Xetra EnLight service allows cleared RFQ block trading
July 1, 2019--CCP clearing reduces settlement and counterparty risks/available for all equities, ETFs and ETPs on Xetra/leading Market Makers welcome introduction
On Xetra, Europe's leading market for ETFs and German equities, a new functionality was introduced today that allows block trading outside the order book through an RFQ (Request for Quote) workflow.
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Swiss government triggers countermeasures in EU bourse battle
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Amun lists a unique crypto basket tracker on SIX Swiss Exchange
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New on Xetra: Emerging Market ETF by Franklin Templeton on the Indian Equity Market
June 26, 2019--A new Franklin Templeton Exchange Traded Fund has been tradable on Xetra and Börse Frankfurt since Wednesday.
The Franklin FTSE India UCITS ETF offers an investment in the performance of the Indian emerging market on the basis of the FTSE India 30/18 Capped Index, which tracks the large and mid cap stocks, weighted by market capitalisation.
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New VanEck ETF on Xetra: Video Gaming and eSports as passive investment product for the first time in Europe
June 26, 2019--A new VanEck Vectors Exchange Traded Fund has been tradable on Xetra and the Börse Frankfurt since Wednesday.
With the VanEck Vector Video Gaming and eSports UCITS ETF, investors can participate in the performance of the global video gaming and eSports segment for the first time in Europe.
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New iShares ETF on Xetra: Investment in the Chinese Stock Market
June 25, 2019--A new iShares ETF is tradable on Xetra and Börse Frankfurt since Tuesday.
The iShares MSCI China UCITS ETF offers an investment in the performance of high and mid cap companies of the Chinese stock Market.
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Redefining Europe's economic sovereignty
June 25, 2019--This Policy Contribution delves into the position of the EU in the current global order. China and the United States increasingly trying to gain geopolitical advantage using their economic might. The authors examine the specific problems that China and the US pose for European economic sovereignty, and consider how the EU and its member states can better protect European economic sovereignty.
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Tabula brings five ETFs to BX Swiss
June 24, 2019--Tabula Investment Management has entered the Swiss market by launching five ETFs on the BX Swiss exchange, giving investors access to products targeting credit, high yield credit and volatility risk premia.
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STOXX wins multi-billion landmark deal with four German pension funds for sustainable, climate-friendly global index solutions
June 24, 2019--STOXX Ltd., the operator of Deutsche Boerse Group's index business and a global provider of innovative and tradable index concepts, has won a request for proposal to license four low-carbon sustainability indices to the pension funds of four states in Germany: Baden-Wuerttemberg, Brandenburg, Hesse, and North Rhine-Westphalia.
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Monday Morning Memo: European Fund-Flow Trends-Bonds Weathered the Storm in May
June 24, 2019--The negative fund-flows trend in Europe continued in May. As a consequence, May was the thirteenth month in a row long-term mutual funds posted net outflows after 16 consecutive months of net inflows.
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IMF Country Report-Switzerland: Selected Issues
June 24, 2019--THE SWISS FRANC-LIVING IN A MULTIPOLAR WORLD1
A. Introduction
1. With Switzerland being a globally integrated small open economy, major international currencies and their associated monetary policies likely provide important reference points for the Swiss franc and the operation of Swiss monetary policy.
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UK equity income funds suffer 18.4bn pounds of net outflows
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