Europe's $850bn ETF sector fears no-deal Brexit crunch-continued

April 3, 2019--Europe's $850bn ETF sector fears no-deal Brexit crunch.
Europe's exchange traded fund industry faces an uncertain week after a ruling by a regulator threatens to split up the fast-growing $850bn market...In a notice to customers last week, the London Stock Exchange underlined the possible effect of Esma's ruling.

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Source: FT.com


Europe ETP News
Mifid rules highlight the costs of investing
May 23, 2019--Wealth managers are now required produce fee statements for customers as part of Mifid II rules that came into effect in January 2018.
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ECB-Account of the monetary policy meeting
of the Governing Council of the European Central Bank, held in Frankfurt am Main on Wednesday and Thursday, 9-10 April 2019
May 23, 2019--1. Review of financial, economic and monetary developments and policy options
Financial market developments
The Vice-President, standing in for Mr Cœuré, reviewed the latest financial market developments.
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ESMA updates its Q&As regarding the Benchmark Regulation
May 23, 2019--The European Securities and Markets Authority (ESMA) has issued today an update of its Q&As on the European Benchmarks Regulation (BMR).
The new Q&As provide clarification on the following issues:
the information included in the ESMA register of administrators of benchmarks;
determination of the Member State of reference; and
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ECB-Euro area investment fund statistics-first quarter of 2019
May 22, 2019--In the first quarter of 2019 the outstanding amount of shares/units issued by investment funds other than money market funds stood at €11,790 billion, which was €776 billion higher than in the fourth quarter of 2018.
Exchange-traded funds (ETFs) are presented separately for the first time in this press release
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Over 27 million Euros reported lost to crypto and forex investment scams
May 21, 2019--Over £27million lost to scams involving crypto and forex investments in 2018/19
Victims lost on average over £14,600 last financial year
Reports tripled to over 1,800 from the year before
The Financial Conduct Authority (FCA) and Action Fraud (link is external) are warning the public to be wary of investment scams carried out via bogus online trading platforms.
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The latest European growth-rate estimates
May 20, 2019--The quarterly growth rate of the euro area in Q1 2018 was 0.4% (1.5% annualized), considerably higher than the low growth rates of the previous two quarters. This blog reviews the reaction to the release of these numbers and the discussion they have triggered about the euro area's economic challenges.
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EU regulation depresses bond sales to retail investors
May 17, 2019--European issuers of corporate bonds are avoiding sales to retail investors because of demanding disclosure requirements under the EU Packaged Retail and Insurance-based Investment Products regulation.
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Germany: Staff Concluding Statement of the 2019 Article IV Mission
May 17, 2019--Germany's economic fundamentals are sound, public and private balance sheets are healthy, unemployment is at a historical low, wages have finally accelerated, and the large current account surplus is slowly shrinking. However, a slowdown in global demand and other temporary setbacks hit the economy unexpectedly hard in the second half of last year, highlighting its vulnerability to external shocks, notably growing international trade tensions.
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Investors renew calls for Deutsche Bank to trim investment bank
May 16, 2019-- Deutsche Bank investors are renewing calls for it to scale back its investment bank division ahead of what promises to be a challenging annual shareholder meeting next week.
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ESMA says market risk remains high but stable
May 15, 2019--The European Securities and Markets Authority (ESMA) today publishes its latest risk dashboard for the European Union's securities markets, covering the first quarter of 2019.
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Forecasts for the UK economy: May 2019
May 15, 2019--A comparison of independent forecasts for the UK economy in May 2019.
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Exchange-traded notes on Litecoin and Ripple now tradable at Boerse Stuttgart
May 13, 2019--Investors can participate in the future price development of the cryptocurrencies through exchange-traded securities
For the first time in Germany, investors can now buy and sell exchange-traded notes (ETNs) based on the cryptocurrencies Litecoin and Ripple (XRP). The four securities issued by XBT Provider in Sweden track the price of the two cryptocurrencies in relation to the euro and the Swedish krona.
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First STOXX ESG benchmarks to be used for leveraged products
May 13, 2019--STOXX Ltd., the operator of Deutsche Boerse Group's index business and a global provider of innovative and tradable index concepts, has licensed three STOXX European ESG benchmark indices to Goldman Sachs for the launch of listed products in Germany, Austria, The Netherlands, Belgium and Sweden.
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Monday Morning Memo: Review of the European ETF Market, April 2019
May 13, 2019--The promoters of ETFs in Europe enjoyed net inflows for April. These inflows led, in combination with a positive performance of the underlying markets, to increased assets under management in the European ETF industry. In more detail, the assets under management in the European ETF industry increased from €725.2 bn as of March 31, 2019, to €746.7 bn at the end of April.
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Deutsche Bank talks with UBS on asset management deal stall: sources
May 13, 2019--Talks have stalled between Deutsche Bank and UBS on a tie up of their asset management businesses due to differences over who would control the combined entity, people familiar with the matter said.
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Fund Managers frequently pocket large portions of the Revenues of Securities lending
May 11, 2019--Securities lending is the practice of lending a stock, bond or other financial instrument in exchange for interest. Typically, the borrower pays a fee to the lender for the shares.
EU rules governing the practice of securities lending by UCITS funds, stipulate that 100% of the income from securities lending-net of direct and indirect operational costs-must be returned to the funds
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Ireland: Staff Concluding Statement of the 2019 Article IV Mission
May 10, 2019--A decade after the global financial crisis, the Irish economy is one of the most dynamic in Europe. Economic growth is strong, unemployment is nearing historical lows, and public finances have improved. Ireland's success story is broad-based with multinational enterprises playing an important role.
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IMF Working paper-CoMap: Mapping Contagion in the Euro Area Banking Sector
May 10, 2019--Summary:
This paper presents a novel approach to investigate and model the network of euro area banks' large exposures within the global banking system. Drawing on a unique dataset, the paper documents the degree of interconnectedness and systemic risk of the euro area banking system based on bilateral linkages.
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European Commission-Spring 2019 Economic Forecast: Growth continues at a more moderate pace
May 7, 2019--The European economy is forecast to continue expanding for the seventh year in a row in 2019, with real GDP expected to grow in all EU Member States. As global uncertainties continue to weigh, domestic dynamics are set to support the European economy. Growth is expected to gather pace again next year
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New iShares ETFs on Xetra: Companies from different regions focus on sustainability
May 6, 2019--Since Tuesday five new Exchange Traded Funds from iShares are tradable via Xetra and Börse Frankfurt. With the equity ETFs, investors can participate in the performance of various MSCI indices on a regional or global level, which are grouped according to sustainability criteria.
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Monday Morning Memo: Spotlight on the Concentration at the Promoter Level in the European ETF Industry
May 5, 2019--Investors, market observers, and regulators always raise questions about the competitiveness of the European exchange-traded fund industry since the assets under management seem to be concentrated among a few ETF promoters. Generally speaking, I would agree with the statement that one needs to be concerned if a few players are dominating a market, but not with regard to the European ETF industry.
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National Statistics: UK official holdings of international reserves: April 2019
May 3, 2019--This release details movements in the international reserves of gold and assets held by the UK government.
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Turkish inflation slows but persists above 19 per cent
May 3, 2019-- Tayyip Erdogan, Turkey's president, pledged on Thursday to lower inflation and interest rates to boost growth.
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The Spanish Exchange traded 49.04 bn. Euros in April
May 3, 2019--MONTHLY TRADING STATEMENTS FOR BME MARKETS
Up 41.4% from March, it has been the highest figure since last October
Fixed Income trading in April reached €27.77 billion, up 101.6% yoy
Trading in Financial Derivatives grew 13.5% in the first four months of the year
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New iShares ETF on Xetra: Saudi Arabian Companies
May 2, 2019--Since Thursday a new Exchange Traded Fund of iShares is tradable via Xetra and Börse Frankfurt.
The iShares MSCI Saudi Arabia Capped UCITS ETF (Acc) offers investors in Europe for the first time the opportunity to invest in companies from Saudi Arabia with large to medium market capitalisation.
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Cash markets achieve turnover of 120.9 billion euros in April
May 2, 2019--Deutsche Börse's cash markets generated a turnover of €120.9 billion in April (previous year: €127.2 billion).
Of the €120.9 billion, €107.8 billion were attributable to Xetra (previous year: €117.1 billion), bringing the average daily Xetra trading volume to €5.4 billion.
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New UBS ETF on Xetra: Bonds of international development banks with currency hedging
May 2, 2019--Since Thursday, a new Exchange Traded Fund from UBS Global Asset Management has been tradable via Xetra and Börse Frankfurt.
The UBS ETF-Sustainable Development Bank Bonds UCITS ETF allows investors to participate in the performance of US dollar-denominated bonds issued by multilateral development banks.
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HSBC GAM offers Saudi Arabia ETF
May 1, 2019--New exchange traded fund designed to replicate the performance of the MSCI Saudi Arabia 20/35 Capped Index
HSBC Global Asset Management has launched a new ETF that focuses on investments in Saudi Arabia.
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MiFID II: ESMA makes new bond liquidity data available
May 1, 2019--The European Securities and Markets Authority (ESMA) has started today to make available new data for bonds subject to the pre- and post-trade requirements of the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) through its data register.
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CBOE Europe Admits 5 HAN ETFs for Trading
May 1, 2019--Increases Accessibility of HANetf Innovative Thematic ETF Range
HANetf, Europe's first independent 'white label' UCITS ETF issuer, is pleased to announce that its ETFs have been admitted to trade on CBOE Europe.
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Economic lost decade fuels 'splits' in European society
May 1, 2019- The European economy stuttered late last year when growth dropped to 0.2 per cent, its slowest pace for almost four years, but rebounded in the first quarter of 2019 according to figures published by Eurostat on Tuesday-growing by 0.4 per cent
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ESMA Agrees Position Limits Under MIFID II
April 30, 2019--The European Securities and Markets Authority (ESMA) has published today five opinions on position limits regarding commodity derivatives under the Markets in Financial Instruments Directive and Regulation (MiFID II/MIFIR).
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New iShares ETFs on Xetra: Worldwide investment in government and corporate bonds with hedging against currency fluctuations
April 30, 2019--Three new iShares Exchange Traded Funds have been available for trading on Xetra and Börse Frankfurt since Tuesday.
The three bond ETFs offer a broadly diversified investment in corporate or government bonds, either from emerging and/or industrialised countries and with investment grade or as high-yield exposure.
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New Templeton ETF on Xetra: Active investment in European Green Bonds
April 30, 2019--A new Franklin Templeton Exchange Traded Fund has been tradable on Xetra and Börse Frankfurt since Tuesday.
The Franklin Liberty Euro Green Bond UCITS ETF enables an engagement in Green Bonds, which serve to finance projects for climate and environmental protection and have been awarded as sustainable by the International Capital Market Association.
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Eurostat-Preliminary flash estimate for the first quarter of 2019-GDP up by 0.4% in the euro area and by 0.5% in the EU28
+1.2% and +1.5% respectively compared with the first quarter of 2018
April 30, 2019-Seasonally adjusted GDP rose by 0.4% in the euro area (EA19) and by 0.5% in the EU28 during the first quarter of 2019, compared with the previous quarter, according to a preliminary flash estimate published by Eurostat, the statistical office of the European Union.
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ECB-Euro area economic and financial developments by institutional sector: fourth quarter of 2018
April 29, 2019--Euro area net saving increased to €797 billion in the four quarters to the fourth quarter of 2018, compared with €788 billion in the four quarters to the previous quarter. Euro area net non-financial investment increased to €478 billion (from €433 billion previously), owing to increased investments by households and non-financial corporations.
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Monday Morning Memo: European Fund Industry Review Q1 2019
April 29, 2019--The European fund industry faced estimated net outflows of €58.3 bn in Q1 2019. These outflows came after the first year with estimated net outflows since 2012.
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Vienna Stock Exchange expands ATX index offering with new leverage indices
April 26, 2019--(Vienna) The Vienna Stock Exchange launches new leverage indices on the leading Austrian index ATX, thus expanding its existing range of indices. The new indices with a leverage of 12 and 15 are based on the ATX Net Total Return.
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