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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.
In February, Eurex, one of the globally leading derivatives exchanges, launched ESG derivatives on these STOXX European benchmarks covering ESG-X, Low Carbon and Climate Impact. The liquid ESG benchmarks are now serving as underlyings for leveraged products for the first time.
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Source: Stoxx
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.
The increase of €21.5 bn for April was driven by the performance of the underlying markets (+€17.8 bn), while net sales contributed inflows of €3.7 bn to assets under management in the European ETF segment.
With regard to the overall number of products, it was not surprising equity funds (€521.2 bn) held the majority of the assets, followed by bond funds (€195.4 bn), commodity products (€18.6 bn), "other" funds (€5.5 bn), money market funds (€3.7 bn), mixed-asset funds (€1.7 bn), and alternative UCITS products (€0.6 bn).
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Source: Refinitiv
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.
Such a tie-up still made strategic and financial sense and they did not rule out that talks may eventually be revived, three sources said, but both banks had wanted to drive the venture.
Yet in practice many asset managers pocket from a third to nearly half of the revenues generated from securities lending. view the Efficient Portfolio Management Techniques: Attribution of profits derived from Securities Lending by UCITS Exchange-Traded Funds paper Ireland: Staff Concluding Statement of the 2019 Article IV Mission
The baseline economic outlook foresees continued robust growth and job creation with a further tightening of capacity constraints. External risks are increasing, however, as Ireland's close ties with the U.K. make it uniquely vulnerable to Brexit. Also, an escalation in global protectionism and changes in international corporate taxation could have negative spillovers. Policymakers should manage these risks by focusing on building buffers and strengthening resilience of the economy, both to alleviate demand pressures and prepare for the possibility of a major external shock. view more IMF Working paper-CoMap: Mapping Contagion in the Euro Area Banking Sector view the IMF Working paper-CoMap: Mapping Contagion in the Euro Area Banking Sector Solactive launches Global Technology Leaders Index view more Flow Traders Annual General Meeting of Shareholders adopts all proposals
Dividend
The Management Board of Flow Traders announced the distribution of a dividend for the year 2018 of €2.35 per share.
Reappointment of Dennis Dijkstra as CEO and member of the Management Board view more European Commission-Spring 2019 Economic Forecast: Growth continues at a more moderate pace view more With 1,500 ETFs, SIX Ranks among Top 3 ETF Venues in Europe view more If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: Better Finance
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.
The downsized banking sector is well capitalized and liquid, but profitability is under pressure while credit to the economy has only recently begun to expand. Investment funds and other financial intermediaries continue to grow rapidly, lifting the overall size of Ireland's financial sector above its pre-crisis level.
Source: IMF
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.
We develop a Contagion Mapping model fully calibrated with bank-level data to study the contagion potential of an exogenous shock via credit and funding risks. We find that tipping points shifting the euro area banking system from a less vulnerable state to a highly vulnerable state are a non-linear function of the combination of network structures and bank-specific characteristics.
Source: IMF
May 9, 2019--Solactive is pleased to announce the release of its Solactive Global Technology Leaders Index. It tracks the performance of both globally leading technology companies and businesses not necessarily labeled as traditional tech firms by a common sector classification system, but whose disruptive potential made them market incumbents that set significant impulses for the entire technology industry.
This, in particular, refers to, but is not limited to, global companies engaged in technology-related themes such as Cyber-Security, the Internet of Things, E-Commerce, Robotics & Automation, Artificial Intelligence, Autonomous Vehicles, and Cloud/Big Data.
Source: Solactive AG
May 8, 2019--Flow Traders N.V. ("Flow Traders") announces that its Annual General Meeting of Shareholders ("AGM") has adopted all proposals on the agenda of the AGM held today. An overview of the most important resolutions and announcements is presented below.
As an interim dividend of €1.35 per share was paid on 13 August 2018, the final dividend will be €1.00 per share. The final dividend will be made payable on 15 May 2019. Ex-dividend date for the final dividend has been set at 10 May 2019.
The AGM reappointed Dennis Dijkstra as Chief Executive Officer (CEO) and member of the Management Board with effect from 8 May 2019 for a period of four years.
Source: Flow Traders N.V.
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
.The recent slowdown in global growth and world trade, together with high uncertainty about trade policies, is weighing on prospects for Gross Domestic Product (GDP) growth in 2019 and 2020. The continued weakness of the manufacturing sector also plays a role, especially in those countries encountering specific problems in the automobile industry.
Source: European Commission
May 7, 2019--2nd May marked an ETF-record for SIX. SIX has experienced remarkable growth in ETF listings since it first launched the segment in 2000.
The Swiss stock exchange's extensive range of ETFs, offered by a unique mix of large and smaller providers from both Switzerland and abroad, covers a wide spectrum of investment needs.
The Swiss stock exchange, operated by SIX, continues to cement itself as a leading global ETF (Exchange Traded Fund) destination, with 1'500 ETFs now listed on the exchange, a new milestone representing a massive increase in its product offering since 2015, when there were 1'000 ETFs listed.
Source: SIX Swiss Exchange
