New ETF from First Trust on Xetra: access to the US equity market for companies with the highest momentum ranking

August 5, 2024--Since Monday, a new exchange-traded fund from First Trust has been tradable on Xetra and Börse Frankfurt.
The First Trust US Momentum UCITS ETF tracks the performance of the iNDEX US Momentum Index. The benchmark index is currently composed of 180 companies with the highest momentum ranking out of over 750 of the largest listed companies in the United States.

The momentum ranking per company is determined by a) the difference between the current price and the average price over the last eight months and b) the difference between the average price over the last 50 days and the average price over the last 200 days.

In addition, no more than 40 companies may belong to the same sector.

The composition of the index is updated quarterly.

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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.

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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.

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​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.

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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

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