New active ETF from First Trust on Xetra: active buffer strategy on S&P 500 Index with May 2024/2025 as new target outcome period

May 21, 2024--As of today, a new exchange-traded fund from First Trust is tradable on Xetra and via the trading venue Börse Frankfurt.
The First Trust Vest U.S. Equity Moderate Buffer UCITS ETF-May pursues an actively managed investment strategy with the aim of tracking the performance of the S&P 500 Index up to a fixed upside cap.

Simultaneously, the fund aims to minimise losses (buffer) for the first 15 per cent price declines at the end of the defined target outcome period of one calendar year. The investment manager invests the entire assets in FLEX options, which are put as well as call options.

The buffer strategy begins and ends in May of each year and is then rebalanced by the fund investing in a new package of FLEX options. The cap is calculated on the first reference date depending on market conditions, while the buffer always remains unchanged at 15 per cent. The current cap and buffer details are available on the First Trust website.

ESMA publishes latest edition of its newsletter

January 9, 2025-- The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has today published its latest edition of the Spotlight on Markets Newsletter.

Amundi to shut its original 'multi' smart beta ETF

January 8, 2025--The fund made returns of nearly 20% last year but has failed to retain sufficient assets to be 'economically efficient'
Amundi is to close a multi-strategy smart beta exchange traded fund, the product it launched to enter the space a decade ago.

ESMA launches selection of the Consolidated Tape Provider for bonds

January 3, 2025-- The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, is launching the first selection procedure for the Consolidated Tape Provider (CTP) for bonds. Entities interested to apply are encouraged to register and submit their requests to participate in the selection procedure by 7 February 2025.

ECB-Monetary developments in the euro area: November 2024

January 2, 2025--Annual growth rate of broad monetary aggregate M3 increased to 3.8% in November 2024 from 3.4% in October
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 1.5% in November from 0.2% in October
Annual growth rate of adjusted loans to households stood at 0.9% in November, compared with 0.8% in October