Europe ETP News

Markets increasingly sensitive after strong performance in early 2024

August 29, 2024-The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today publishes its second risk monitoring report of 2024, setting out the key risk drivers currently facing EU financial markets. External events continue to have a strong impact on the evolution of financial markets, and ESMA also sees high or very high overall risks in the markets within its remit.

ECB-Monetary developments in the euro area: July 2024

August 28, 2024--Annual growth rate of broad monetary aggregate M3 stood at 2.3% in July 2024, unchanged from previous month (revised from 2.2%)
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -3.1% in July, compared with -3.4% in June
Annual growth rate of adjusted loans to households increased to 0.5% in July from 0.3% in June

ECB making good progress but job not done, Lane says

August 24, 2024--The European Central Bank is making "good progress" in cutting inflation back to its 2% target but success is not yet assured, so restrictive monetary policy is still needed, ECB chief economist Philip Lane said on Saturday.

Robeco starts 'strategic hiring' ahead of entry into ETF market

August 23, 2024--An increasing number of active managers are entering the ETF space in Europe ahead of an expected surge in demand
Robeco is building a specialist sales team ahead of its entrance into the exchange traded funds market this year.

ECB-Meeting of 17-18 July 2024-Account of the monetary policy meeting of the Governing Council of the European Central Bank

August 22, 2024--Held in Frankfurt am Main on Wednesday and Thursday, 17-18 July 2024
1. Review of financial, economic and monetary developments and policy options
Financial market developments
Ms Schnabel noted that since the Governing Council's previous monetary policy meeting on 5-6 June 2024, financial markets had moved in response to political news, which had caused some volatility, and in response to weaker than expected US inflation data.

ESMA publishes translations of its Guidelines on funds' names

August 21, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has today published the translations in all official EU languages of its Guidelines on funds' names using ESG or sustainability-related terms.
The Guidelines will start applying three months after this publication, i.e. on 21 November 2024.

Bitwise Takes Over ETC Group - Home To Europe's Largest Bitcoin Fund

August 19, 2024--In a strategic move to expand its presence in Europe and the broader crypto industry, asset manager and Bitcoin exchange-traded fund (ETF) issuer Bitwise Investment has sealed a deal to acquire ETC Group, a major crypto issuer headquartered in London.

European fund performance significantly lags behind US peers after T+1

August 19, 2024--Post T+1 analyses of passive S&P 500 funds show European returns are 14-20 basis points lower than their US equivalents
Lower returns for European funds investing in US equities compared with US-domiciled funds with similar portfolios are accelerating demand among asset managers for the EU to cut fund settlement times..

JP Morgan Asset Management promotes Travis Spence to head of global ETFs

August 16, 2024--Alongside distribution responsibilities
JP Morgan Asset Management has promoted Travis Spence to the role of global head of ETFs, effective immediately.

ETFs' huge appetite extends to SMAs

August 12, 2024--Conversions of separately managed accounts are taking place in both the US and Europe, suggesting demand is growing
The ballooning exchange traded fund industry is threatening to take a bite out of separately managed accounts, having already eaten the lunch of the mutual fund sector.

ESMA publishes latest edition of its newsletter

August 8, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has today published its  latest editionof the Spotlight on Markets Newsletter.
Your one-stop-shop in the world of EU financial markets focuses in July on the latest developments in relation to the Regulation on the Markets in Crypto-Assets (MiCA) and the Digital Operational Resilience Act (DORA).

Vanguard's latest monthly summary of flows in the European ETF market-Equity and bond ETFs both see inflows in July

August 8, 2024--Equity and fixed income ETF exposures both saw inflows in July during what was a mixed month for financial markets.
European-domiciled ETFs attracted $22.9 billion of assets in July, with equity and fixed income products seeing $12.3 billion and $11.0 billion in flows respectively.

UK official holdings of international reserves: July 2024

August 5, 2024--This release details movements in the international reserves of gold and assets held by the UK government.

ECB Working Paper-Climate risk, bank lending and monetary policy

August 2, 2024--Combining euro-area credit register and carbon emission data, we provide evidence of a climate risk-taking channel in banks’ lending policies. Banks charge higher interest rates to firms featuring greater carbon emissions, and lower rates to firms committing to lower emissions, controlling for their probability of default.

DWS bucks trend with launch of Chinese mid-cap ETF

August 15, 2024--Fund debut comes despite closure of similar products by rival managers
The Xtrackers CSI500 Swap Ucits ETF uses indirect replication to track the CSI 500 Net Total Return index, which consists of the 500 predominantly medium and small-cap companies trading on the Shanghai Stock Exchange or Shenzhen Stock Exchange.

ESMA delivers opinion on global crypto firms using their non-EU execution venues

July 31, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor authority, issued today an Opinion to address the risks presented by global crypto firms seeking authorisation under the Markets in Crypto Assets (MiCA) Regulation for part of their activities (crypto brokerage) while keeping a substantial part of their group activities (intra-group execution venues) outside the European Union (EU) regulatory scope.

BlackRock joins active ETF fray with five fund launches

July 31, 2024--World's largest asset manager unveils series of European-listed equity strategies.
BlackRock has thrown its hat into the active ETF ring with the launch of five European-listed equity products as part of an effort to access this fast-growing market.

Euro area economic and financial developments by institutional sector: first quarter of 2024

July 26, 2024--July 26, 2024--Euro area net saving increased to €809 billion in four quarters to first quarter of 2024, compared with €785 billion one quarter earlier
Household debt-to-income ratio decreased to 85.7% in first quarter of 2024 from 90.9% one year earlier
Non-financial corporations' debt'to'GDP ratio (consolidated measure) declined to 67.6% in first quarter of 2024 from 70.6% one year earlier

ECB-Monetary developments in the euro area: June 2024

July 25, 2024--Annual growth rate of broad monetary aggregate M3 increased to 2.2% in June 2024 from 1.5% in May (revised from 1.6%)
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -3.4% in June, compared with -5.0% in May
Annual growth rate of adjusted loans to households stood at 0.3% in June, unchanged from previous month
Annual growth rate of adjusted loans to non-financial corporations increased to 0.7% in June from 0.3% in May

ESMA publishes 2023 data on cross-border investment activity of firms

July 15, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, together with the National Competent Authorities (NCAs), completed an analysis of the cross-border provision of investment services during 2023.
The data sets were collected from investment firms across 30 jurisdictions in the EU/EEA.

ESMA publishes latest edition of its newsletter

July 10, 2024--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.
Your one-stop-shop in the world of EU financial markets focused in June on ESMA's Final Report on Greenwashing, the 2023 Annual Report and other important updates in the realm of the Regulation on the Markets in Crypto-Assets or MiCA.

New bond ETF from L&G on Xetra: access to the fixed income market for sustainable corporate bonds with currency hedging

July 10, 2024--A new exchange-traded fund from Legal & General Investment Management has been tradable on Xetra and Börse Frankfurt since today.
The L&G ESG USD Corporate Bond UCITS ETF EUR Hedged Acc offers investors access to US dollar-denominated corporate bonds from developed countries worldwide.

New equity ETF from AXA on Xetra: access to companies from developed countries around the world in line with the Paris Climate Agreement

July 10, 2024--Since today, new exchange-traded fund from AXA Investment Managers has been tradable on Xetra and Börse.
The AXA IM MSCI World Equity PAB UCITS ETF allows investors to invest in large and mid-cap companies from 23 developed markets around the world. The ETF aligns with the objectives of the Paris Climate Agreement.

DWS plans to boost active ETF business

July 9, 2024--Manager says it plans to capitalise on growing European demand for the products.
DWS is looking to expand its active exchange traded funds business in Europe to stay "ahead of the curve" as a number of asset managers enter the space seeking to capitalise on demand.

New MiCA rules increase transparency for retail investors

July 4, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has published the second Final Report under the Markets in Crypto-Assets Regulation (MiCA) covering eight draft technical standards that aim to provide more transparency for retail investors, clarity for providers on the technical aspects of disclosure and record-keeping requirements, and data standards to facilitate supervision by National Competent Authorities (NCAs).

ECB-Households and non-financial corporations in the euro area: first quarter of 2024

July 4, 2024--Households' financial investment increased at unchanged annual rate of 2.0% in first quarter of 2024
Non-financial corporations' financing grew at broadly unchanged annual rate of 0.7%
Non-financial corporations' gross operating surplus decreased at annual rate of -3.0%, after increasing (2.4%) in previous quarter

ECB-Meeting of 5-6 June 2024-Account of the monetary policy meeting of the Governing Council of the European Central Bank

July 4, 2024--Held in Frankfurt am Main on Wednesday and Thursday, 5-6 June 2024
1. Review of financial, economic and monetary developments and policy options-Financial market developments
Ms Schnabel noted that since the Governing Council's previous monetary policy meeting on 10-11 April 2024, the narrative in financial markets had converged across major advanced economies.

Deutsche Boerse welcomes ETF Willow as a new ETF issuer on Xetra

June 27, 2024--Actively managed ETF with AI-based model and focus on Eurozone companies
ETF Willow's first Active Exchange Traded Fund has been tradable on Xetra and Börse Frankfurt since Thursday.
The investment objective of the AI-Enhanced Eurozone Equities UCITS ETF is to outperform the MSCI EMU Index through stock selection.

ECB-Monetary developments in the euro area: May 2024

June 27, 2024--Annual growth rate of broad monetary aggregate M3 increased to 1.6% in May 2024 from 1.3% in April
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -4.9% in May, compared with -5.9% in April
Annual growth rate of adjusted loans to households stood at 0.3% in May, compared with 0.2% in April

BlackRock launches five climate transition ETFs in Europe

June 25, 2024--Each of the Irish-domiciled Ucits funds will have a different geographic focus
BlackRock has rolled out a five-strong range of climate transition exchange traded funds aiming to provide investors with access to "companies leading in the transition to a low-carbon economy".

The implications of the European Union's new fiscal rules

June 20, 2024--Executive summary
European Union countries are required by the EU Treaty to keep their budget deficits within 3 percent of GDP, and their public debt within 60 percent of GDP. A new framework to enforce these rules is based on country-specific debt sustainability analyses (DSA) and uses a single indicator, a measure of public expenditure, as the annual fiscal policy target. These changes are welcome.

Europe's New ESG Rules Spark Questions About What Sustainable Investing Looks Like

June 20, 2024--To comply with the EU's new rules, investment firms would have to change the name of thousands of funds or sell off $40 billion in assets.
The European Union's move to tighten rules for sustainable investing will put two-thirds of Europe's so-called ESG funds on notice, forcing thousands of them to either sell off $40 billion in assets or change their names in a way that more accurately and transparently reflects their holdings.

Europe's mutual funds continue to bleed heavily

June 17, 2024--Investors have pulled €258bn from actively managed equity funds since the start of 2022
Europe's active asset managers face an unprecedented challenge in dealing with continued mutual fund outflows.

Forecasts for the UK economy: July 2024

July 17, 2024--A comparison of independent forecasts for the UK economy in July 2024.

ESMA publishes latest edition of its newsletter

June 12, 2024--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.
Your one-stop-shop in the world of EU financial markets focuses in May on the Position Paper with recommendations for more effective and attractive capital markets in the EU and includes a factsheet with the main highlights.

New bond ETFs from BNP Paribas on Xetra: access to long term euro corporate bonds with high ESG standards

June 11, 2024--As of today, two new exchange-traded funds issued by BNP Paribas Asset Management are tradable on Xetra and Börse Frankfurt.
The BNP Paribas Easy € Corp bond SRI Fossil Free 7-10Y UCITS ETF offers investors access to a portfolio of euro-denominated fixed income corporate bonds that have high standards of sustainable values.

A new bond ETF from Amundi on Xetra: access to the global bond market for the highest rated sustainable corporate bonds

June 11, 2024--Since today, a new exchange-traded fund issued by Amundi Asset Management has been tradable via Xetra and Börse Frankfurt.
The Amundi Global Corporate SRI 1-5Y Highest Rated UCITS ETF USD Hedged provides investors with access to the global bond market for high-quality corporate bonds in various issuance currencies.

New equity ETF from WisdomTree on Xetra: access to climate-neutral and sustainable companies from developed countries worldwide

June 11, 2024--Since Tuesday, a new exchange-traded fund issued by WisdomTree has been tradable on Xetra and Börse Frankfurt.
The WisdomTree Global Sustainable Equity UCITS ETF offers investors the opportunity to invest in a portfolio of companies from developed countries worldwide that make a positive contribution to social and environmental goals.

ECB-Euro area bank interest rate statistics: April 2024

June 5, 2024--Composite cost-of-borrowing indicator for new loans to corporations and for new loans to households for house purchase unchanged at 5.18% and 3.80%, respectively
Composite interest rate for new deposits with agreed maturity from corporations broadly unchanged at 3.65%; interest rate for overnight deposits from corporations broadly unchanged at 0.91%

Final MiCA rules on conflict of interest of crypto assets providers published

May 31, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, is publishing today the Final Report on the rules on conflicts of interests of crypto-asset service providers (CASP) under the Markets in Crypto Assets Regulation (MiCA).

Lloyd Capital has partnered with HANetf to launch focused equity and growth equity ETFs with over $300m AUM

May 29, 2024--Lloyd Capital has partnered with HANetf to launch Lloyd Focused Equity UCITS ETF (ticker: FEP) and Lloyd Growth Equity UCITS ETF (ticker: GEP).
The two ETFs have launched with a combined $319.67 million[1] in assets under management (AUM).

ECB-Monetary developments in the euro area: April 2024

May 29, 2024-Annual growth rate of broad monetary aggregate M3 increased to 1.3% in April 2024 from 0.9% in March
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -6.0% in April, compared with -6.6% in March
Annual growth rate of adjusted loans to households stood at 0.2% in April, unchanged from previous month

Invesco launches fixed maturity bond ETFs in Europe

May 28, 2024-- Move follows unveiling of similar products by rivals including BlackRock, DWS and Amundi
The US asset manager's initial Ucits offering of this type consists of five strategies providing exposure to dollar-denominated investment grade corporate bonds.

HANetf continues on its growth trajectory and surpasses $4 billion AUM

May 23, 2024-- HANetf's total assets under management (AUM) has surpassed $4 billion. Since the beginning of the year, HANetf's AUM has increased by $1.29 billion, marking a 42.7% increase year-to-date (YTD).
Much of the AUM growth was driven by investor interest in defence and uranium

Bruegel Working paper-Instruments of economic security

May 23, 2024--The challenge of improving European economic security has grown in importance, with various relevant policy measures introduced at EU level
Geopolitical and economic developments, including Russia's invasion of Ukraine and trade disruptions during the COVID-19 pandemic, have raised concerns about the European Union's exposure to hostile countries.

ESMA makes recommendations for more effective and attractive capital markets in the EU

May 22, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has today published its Position Paper on "Building more effective and attractive capital markets in the EU".

WisdomTree Obtains Approval to List Physically Backed Bitcoin and Ethereum ETPs on the LSE

May 22, 2024--WisdomTree is amongst the first issuers to have its prospectus for crypto ETPs approved by the FCA
WisdomTree, a global financial innovator, has received approval from the Financial Conduct Authority (FCA) on its prospectus, which enables it to list the WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW) ETPs on the London Stock Exchange (LSE).

First Trust Launches US Equity Buffer UCITS ETF

May 21, 2024--The First Trust Vest U.S. Equity Moderate Buffer UCITS ETF provides investors with exposure to the S&P500 using derivatives to limit upside & downside risk.
First Trust has expanded its Target Outcome Investments range with the launch of the First Trust Vest U.S. Equity Moderate Buffer UCITS ETF-May (GMAY).

BNP Paribas Launches New Paris-Aligned Climate ETF

May 21, 2024--BNP Paribas Asset Management (BNPP AM) announced today the launch of the BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF, a new exchange traded fund aimed at providing investors with developed and emerging markets exposure to companies with high ESG standards and with low and improving greenhouse gas emissions.

New equity ETF from Amundi on Xetra: access to a broadly diversified equity portfolio of ESG companies with currency hedging

May 21, 2024--Since today, a new exchange-traded fund from Amundi Asset Management is tradable on Xetra and via the trading venue Börse Frankfurt.
The Amundi MSCI World ESG Leaders UCITS ETF Hedged EUR offers investors the opportunity to invest in the performance of the MSCI World ESG Leaders Select 5% Issuer Capped Index.

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.

Amundi ETF Flows Analysis-April 2024

May 17, 2024--Data as of end April 2024
Investors added €54.1bn to global exchange-traded funds in April with equities gaining €31.2bn and fixed income strategies adding €21.4bn. These flows were lower compared to March, reflecting investors' lack of clarity over the future direction of interest rates.

ESMA publishes data on markets and securities in the EEA

May 16, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor is publishing today the Statistics on Securities and Markets (ESSM) Report, with the objective of increasing access to data of public interest.

Amundi launches a comprehensive Euro Govies Fixed Maturity ETF Range

May 16, 2024--Amundi, European leading asset manager ranking among the top 10 global players[1], and European ETF leader[2], announces the launch of its new Fixed Maturity ETF range, designed to combine yield predictability[3] with easy access to Euro Government Bonds. With management fees[4] of only 0.09%, these Fixed Maturity ETFs offer investors competitivity and flexibility.

ESMA Guidelines establish harmonised criteria for use of ESG and sustainability terms in fund names

May 14, 2024-Following the public statement of 14 December 2023, the European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has today published the final report containing Guidelines on funds' names using ESG or sustainability-related terms.

New ETF from First Trust on Xetra: access to small & mid caps US companies with rising dividend yields

May 13, 2024--A new exchange-traded fund issued by issued by First Trust has been tradable on Xetra and and Börse Frankfurt since Monday.
The benchmark index currently consists of 99 small & mid cap companies that Nasdaq believes have increased their dividend value over the previous three- and five-year annual periods and are best positioned to continue dividend increases.

ECB-Meeting of 10-11 April 2024

May 10, 2024--Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main on Wednesday and Thursday, 10-11 April 2024
1. Review of financial, economic and monetary developments and policy options-Financial market developments
Ms Schnabel noted that since the Governing Council's previous monetary policy meeting on 6-7 March 2024 financial markets had started to price in some divergence between the monetary policy paths expected in the euro area and in the United States.

New ETNs from WisdomTree on Xetra: access to Nasdaq 100 and S&P 500 E-mini futures as well as Euro STOXX 50 with 5x leverage

May 8, 2024--Since Wednesday, six new exchange-traded notes issued by WisdomTree have been tradable on Xetra and Börse Frankfurt.
The WisdomTree Qs100 5x ETN offers a leveraged investment in the nearest quarter E-mini-Nasdaq 100 futures contract. Investors can choose to participate in the five-times leveraged rising or falling price development of the daily performance of the underlying US Technology Rolling Futures Index.

ESMA publishes latest edition of its newsletter

May 8, 2024--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.

Paris report 2: Europe's economic security

May 8, 2024--COVID-19 and the subsequent supply chain congestion, the wake-up call over the dependency of Europe on Russia for energy, and geopolitical shifts and the increasingly adversarial tone of the US-China relationship have underscored the need for a comprehensive reassessment of the EU's economic security strategy.

BNY Mellon Insights-How Active ETFs Are Changing the European Market

May 8, 2024--Distribution, fees, transparency and market structure are key challenges in the rapidly growing active exchange-traded funds (ETF) market in Europe, according to a panel hosted by BNY. Experts from across the ETF spectrum-including representation from market makers, issuers and fund governance professionals- met in May to discuss the changing landscape of active investment choices.

ESMA asks for input on assets eligible for UCITS

May 7, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today publishes a Call for Evidence on the review of the Undertakings for Collective Investment in Transferable Securities (UCITS) Eligible Assets Directive (EAD). The objective of this call is to gather information from stakeholders to assess possible risk and benefits of UCITS gaining exposure to various asset classes.

Janus Henderson enters European ETF market through the acquisition of independent European ETF provider tabula

May 2, 2024--Tabula and Janus Henderson Group plc (NYSE: JHG) today announced that they have entered into an agreement under which Janus Henderson will acquire European ETF provider Tabula Investment Management.

European Economic Security: Current practices and further development

May 2, 2024--Abstract
The rise in geopolitical tensions in recent years and the weaponisation of trade links have led to an increased focus on economic security. With its Economic Security Strategy, the European Commission has put EU-level initiatives in this area into an overarching framework.

Key factors likely to shape the EU's trade agenda in the next five-year term

May 2, 2024-Abstract
The landscape in which European Union trade policy operates has changed drastically in recent years. In addition to, and partly in competition with, its traditional objective of economic wellbeing, EU trade policy has become increasingly shaped by two other considerations: geopolitics and concerns over the resilience of supply chains, and climate change.

ESAs risk update: risks remain high in the EU financial system

April 30, 2024--The three European Supervisory Authorities (EBA, EIOPA and ESMA -the ESAs) today issued their Spring 2024 Joint Committee update on risks and vulnerabilities in the EU financial system. The risk update shows that risks remain elevated in a context of slowing growth, an uncertain interest rate environment and ongoing geopolitical tensions.

ECB-Monetary developments in the euro area: March 2024

April 26, 2024-- Annual growth rate of broad monetary aggregate M3 increased to 0.9% in March 2024 from 0.4% in February
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -6.7% in March, compared with -7.8% in February
Annual growth rate of adjusted loans to households stood at 0.2% in March, compared with 0.3% in February
Annual growth rate of adjusted loans to non-financial corporations stood at 0.4% in March, compared with 0.3% in February

ECB-Monetary developments in the euro area: March 2024

ECB-Euro area economic and financial developments by institutional sector: fourth quarter of 2023

April 26, 2024--As of April 2024, ECB quarterly financial accounts provide new details on household holdings of investment fund shares/units broken down by underlying asset and counterpart sector. Notably, household exposure to rest of world assets is primarily through indirect holdings via investment fund shares

New equity ETF from UBS on Xetra: access to companies in developed markets worldwide with currency hedging

April 25, 2024--A new exchange-traded fund issued by UBS Asset Management has been tradable on Xetra and Börse Frankfurt since Friday.
The UBS ETF (IE) MSCI World UCITS ETF (hedged to EUR) offers investors access to the performance of a broadly diversified portfolio of 1,465 companies from 23 developed markets worldwide. Currency fluctuations against the euro are hedged in this share class.

New commodity ETF from L & G on Xetra: access to the broad commodities sector via futures contracts excluding agriculture and livestock

April 25, 2024--Since Thursday, a new exchange-traded fund issued by Legal & General Investment Management has been tradable on Xetra and and Börse Frankfurt since Friday.
The L&G Multi-Strategy Enhanced Commodities ex-Agriculture & Livestock UCITS ETF offers investors access to the performance of a basket of commodities from the energy, industrial and precious metals sectors via futures contracts with different maturity dates. The agricultural and live cattle sector is not included.

New ETF from Franklin Templeton on Xetra: access to the MSCI World in line with Catholic values

April 25, 2024--A new exchange-traded fund issued by Franklin Templeton has been tradable on Xetra and Börse Frankfurt since Friday.
The Franklin MSCI World Catholic Principles UCITS ETF provides investors with access to a broadly diversified equity portfolio of around 800 large-and mid-cap companies in developed markets which are considered environmentally conscious and socially responsible.

EU savers need a single-market place to invest

April 25, 2024--Proposals to leverage the single market to boost retail investment could lead to a product citizens will trust
The European Union is sitting on €33.5 trillion in household savings 1 , or one quarter of its collective GDP, yet much of this money is stuck in banks because households prefer cash over market investments.

Tabula Announces Access to Transparently Sourced Gold,

April 22, 2024--European ETF provider Tabula Investment Management Limited ("Tabula") has announced the launch of the ESG-focused physical gold ETC, the SMO Physical Gold ETC (Bloomberg: BARS LN). BARS is the first exchange-traded physical gold product to offer full traceability of gold bars from mine to vault, using a small number of named mines adhering to high ESG standards.

Euro area monthly balance of payments: February 2024

April 18, 2024--Current account recorded €29 billion surplus in February 2024, down from €39 billion in previous month
Current account surplus amounted to €288 billion (2.0% of euro area GDP) in the 12 months to February 2024, after a €95 billion deficit (0.7%) one year earlier

Amundi and Victory Capital announce plan to establish a strategic partnership

April 16, 2024--Amundi US to combine into Victory Capital
Amundi to become a strategic shareholder of Victory Capital
Reciprocal 15-year exclusive distribution agreements
Amundi and Victory Capital (Nasdaq: VCTR) are announcing today that they have signed a Memorandum of Understanding to combine Amundi US into Victory Capital, for Amundi to become a strategic shareholder of Victory Capital, and to establish long-term global distribution agreements.

New report sheds light on quality and use of regulatory data across EU

March 11, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, is publishing today the fourth edition of its Report on the Quality and Use of Data aiming to provide transparency on how the data collected under different regulations is used systematically by authorities in the EU, and clarifying the actions taken to ensure data quality.

Enrico Letta's Report on the Future of the Single Market

April 10, 2024--Launched 30 years ago, the Single Market is the jewel in the crown of European integration, a source of common wealth. Faced with a more conflictual, volatile and complex world, a special effort in terms of strategic rethinking is required.

ECB-Account of the monetary policy meeting of the Governing Council of the European Central Bank 6-7 March 2024

April 4, 2024-1. Review of financial, economic and monetary developments and policy options Financial market developments

Ms Schnabel noted that, since the Governing Council's previous monetary policy meeting on 24-25 January 2024, monetary policy expectations had retracted further from the early and large interest rate cuts initially foreseen at the turn of the year.

Spend it at home: current account surpluses in the EU

April 2, 2024--EU leadership needs to identify the factors that hold investment back and the incentives that could persuade investors to stay in Europe
The European Union faces huge investment gaps. For the climate and digital transitions alone, EU countries need to find or encourage annual investment of at least €481 billion each year, over and above what is already planned. This amount is much larger if one includes defence spending needs, the reconstruction of Ukraine, and spending to prepare for potential health crises in the future.

ESMA publishes latest edition of its newsletter

April 2, 2024--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.

ECB-Monetary developments in the euro area: February 2024

March 28, 2024-Annual growth rate of broad monetary aggregate M3 increased to 0.4% in February 2024 from 0.1% in January
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -7.7% in February, compared with -8.6% in January.

European clean tech tracker

March 28, 2024--This trackers provides an overview of the main innovation, manufacturing and deployment trends in clean tech in Europe
Introduction
This European Clean Tech Tracker aims to provide a clear, timely and policy-relevant overview of the main innovation, manufacturing and deployment trends characterising the main technologies underpinning Europe's green transition.

Germany's Real Challenges are Aging, Underinvestment, and Too Much Red Tape

March 27, 2024--Germany faces some serious economic challenges, but they aren't necessarily the ones getting the most attention. Solving these challenges requires ambitious reforms
Germany is struggling. It was the only G7 economy to shrink last year and is set to be the group's slowest-growing economy again this year, according to our latest projections. Some pundits say Germany's economic model is irreparably broken.

Germany's Real Challenges are Aging, Underinvestment, and Too Much Red Tape

March 27, 2024-Germany faces some serious economic challenges, but they aren't necessarily the ones getting the most attention. Solving these challenges requires ambitious reforms
Germany is struggling. It was the only G7 economy to shrink last year and is set to be the group's slowest-growing economy again this year, according to our latest projections. .

Two new active ETFs from iShares on Xetra: exposure to US and developed market equities through active investment strategies

March 26, 2024--Since Tuesday, two new actively managed exchange traded funds from iShares have been tradable on the trading venues Xetra and Börse Frankfurt.
The iShares U.S. Equity High Income UCITS ETF pursues an active investment strategy designed to generate income and capital growth with lower volatility than the broader US equity market. The strategy applied by the portfolio manager essentially consists of the following components:

T+1 feedback report shows mixed impacts of shortening the settlement cycle in the EU

March 21, 2024-The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, is today publishing feedback received to its Call for Evidence on shortening the settlement cycle.
In the report ESMA summarises the feedback from market participants during the consultation, focused on four areas:

The European Central Bank, inflation tolerance and the last mile

March 20, 2024--Inflation in the euro area has declined convincingly from the very high levels seen in the past couple of years. The rate is expected to be 2.3% in 2024-what a difference from 8.4% in 2022 and 5.6% in 2023.
But in January 2024 it was still 2.8%, so still has some way to go before dropping to 2.3%, and then to 2%, which is commonly considered to be the desirable level.

ETFGI reports that assets invested in the ETFs industry in Europe reached a new milestone of US$1.90 trillion US Dollars at the end of February

March 19, 2024--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs ecosystem, reports that assets invested in the ETFs industry in Europe reached a new milestone of US$1.90 trillion at the end of February.

Crypto ETN providers head for UK but urge rethink on retail ban

March 18, 2024- The FCA has said it will allow listing requests but only give access to 'professional investors'
A rash of cryptocurrency exchange traded products are likely to be listed in London after regulators softened their hardline opposition to allowing domestic access to funds with cryptocurrency exposure.

AI theme bucks gloomy trend for European-domiciled thematic ETFs

March 15, 2024--Four of top six thematic funds by inflows this year have been AI vehicles, data shows
Investors pulled a record $533mn from European-domiciled thematic ETFs in February, according to data from ETFbook. The withdrawals added to the gloom from a poor 2023, when the sector bled $1.1bn, the first annual outflow after at least a decade of net buying

Two new ETFs from iShares on Xetra: access to the clean energy sector and short maturity investment grade euro corporate bonds

March 15, 2024--Two new exchange-traded funds issued by iShares have been tradable on Xetra and via the trading venue Börse Frankfurt since Friday.
With the iShares Global Clean Energy UCITS ETF, investors participate in the performance of 100 companies from developed and emerging countries worldwide that are driving the development of clean energy with their products and services.

Mintos expands its reach and officially debuts in France and the Netherlands

March 15, 2024--Following its successful entrance in Germany, Italy and Spain, Mintos, the multi-asset platform offering a unique mix of alternative and traditional investment options, continues its European rollout by making its official debut in the French and Dutch investment markets. Since its founding in 2015, the platform has attracted over 500,000 users across Europe. Authorised by MiFID, the company currently manages over 600 million euros in assets under administration.

Wood's ARK Plans Launch of 3 Active ETFs in Europe

March 8, 2024--Cathie Wood's ARK Invest Europe will launch three active ETFs next month, including a version of its flagship $7.5bn ARK Innovation ETF (ARKK), according to comments from Stuart Forbes, head of ARK Invest Europe, at a recent webinar.

Figment, Apex to List Ether and Solana Staking ETPs on SIX Swiss Exchange

March 7, 2024--Interest in ETH and SOL has increased substantially over the past few months and the ETPs will contribute to greater access to staking rewards for a wide audience, Figment said.
Figment Europe and Apex Group plan to list Ethereum and Solana staking ETPs on SIX Swiss Exchange next week.

New crypto ETN from Valour & Bitcoin Suisse on Xetra: access to the basket of leading crypto assets

March 6, 2024--Since Wednesday, a new crypto ETN from Valour Digital Securities in cooperation with Bitcoin Suisse has been tradable on Xetra and via the trading venue B&oum;rse Frankfurt.
The 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETN tracks the performance of the STOXX Digital Asset Blue Chip X Index.

Deutsche Boerse launches regulated spot platform for crypto assets

March 5, 2024--Crypto trading on the new Deutsche Börse Digital Exchange (DBDX) for crypto assets goes live
Regulated spot crypto asset trading platform is targeted at institutional clients
Crypto Finance and DBDX provide a complete crypto ecosystem and value chain for institutional trading, settlement, and custody of crypto assets

HSBC AM expands thematic range with India tech ETF

March 5, 2024--Tracks S&P India Tech index
HSBC Asset Management has expanded its thematic technology line-up with an India tech UCITS ETF, tracking the S&P India Tech index.

ETC Group launches best in class Ethereum Staking ETP on XETRA

February 27, 2024--ETC Group is proud to unveil its latest ETP listed on Deutsche Börse XETRA, the ETC Group Ethereum Staking ETP (ticker ET32; ISIN DE000A3G90G9), a total return exchange-traded product that tracks the Compass Ethereum Total Return Monthly Index.
Specifically tailored to meet the rigorous requirements of institutional investors, the ETC Group Ethereum Staking ETP offers superior outcomes compared to alternative staking offerings and other similar ETPs on the market.

Official Statistics: Forecasts for the UK economy: February 2024

February 27, 2024--A comparison of independent forecasts for the UK economy in February 2024.

ECB-Monetary developments in the euro area: January 2024

February 27, 2024--Annual growth rate of broad monetary aggregate M3 stood at 0.1% in January 2024, after 0.2% in December 2023 (revised from 0.1%)
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at -8.6% in January, compared with -8.5% in December
Annual growth rate of adjusted loans to households stood at 0.3% in January, compared with 0.4% in December

ESMA Working Paper-ESG funds during the 2020 COVID-19 market turmoil: performance and flows-ESG funds outperformed and received higher net flows than their non-ESG peers

February 24, 2024--Summary:
In this paper we analyse the performance and flows of ESG active equity UCITS funds relative to their non-ESG peers in a period of financial distress, corresponding to the first wave of COVID-19. Compared to other crisis events in the recent past, it has the advantage of looking at a complete exogenous shock affecting the economic and financial market as a whole.

Sprott and HANetf launch Europe's first Junior Uranium Miners UCITS ETF on London Stock Exchange and Xetra

February 23, 2024--HANetf has partnering with Sprott Asset Management for the fourth time to launch Europe's first Junior Uranium Miners ETF[1], focused on smaller uranium miners, selected for their exposure to the global growth of nuclear power.
Sprott Junior Uranium Miners UCITS ETF (URNJ) is listed on LSE, Xetra, with Borsa Italiana to follow. URNJ tracks the Nasdaq Sprott Junior Uranium MinersTM Index.

ECB Officials' Full Statement on Bitcoin's Failed Promise and ETFs

February 22, 2024--In their full blog post, European Central Bank Director General Ulrich Bindseil and Advisor Jürgen Schaaf express their view that Bitcoin has not fulfilled its potential as a global, decentralized digital currency.

BNP Paribas Asset Management launches two fixed income ETF funds with an active ESG approach

February 20, 2024--BNP Paribas Asset Management ('BNPP AM') announces today the launch of the first two funds in its new suite of innovative fixed income exchange-traded funds ('ETFs'). BNP Paribas Easy Sustainable EUR Corporate Bond and BNP Paribas Easy Sustainable EUR Government Bond are sub-funds of the BNP Paribas Easy Luxembourg SICAV and began trading on 20 February on Borsa Italiana and Deutsche Börse Xetra.

EU remains skeptical of crypto investments despite Bitcoin ETF fever-VanEck Europe CEO

February 20, 2024--European investors are still warming to the idea of cryptocurrency-related investment products while U.S. institutions continue to drive capital into nascent spot Bitcoin ETFs.
The launch of spot Bitcoin exchange-traded funds (ETFs) in the United States is having a knock-on effect in Europe, but investors on the continent remain cautious of investing in the cryptocurrency space.

IMF Working Paper-Carbon Prices and Inflation in the Euro Area

February 16, 2024-Summary:
What is the effect of carbon pricing on inflation? This paper shows empirically that the consequences of the European Union's Emission Trading System (ETS) and national carbon taxation on inflation have been limited in the euro area, so far. This result is supported by analysis based on a panel local projections approach, as well as event studies based on individual countries.
Our estimates suggest that carbon taxes raised the price of energy but had limited effects on overall consumer prices.

Jupiter's Compliance Team Blocks Crypto ETP Investment: Report

February 16, 2024--Jupiter Asset Management's compliance team blocked its investors from having any exposure to a cryptocurrency exchange-traded product (ETP) in one of its Irish UCITs funds, according to a Financial Times report.

New fixed income ETF from Goldman Sachs on Xetra: access to the global bond market for green bonds

February 15, 2024--Since Thursday, a new exchange-traded fund issued by Goldman Sachs Asset Management has been tradable on Xetra and via the trading venue Börse Frankfurt.
The Goldman Sachs Global Green Bond UCITS ETF-EUR-Hedged (DIST) provides investors with access to the global bond market for green bonds denominated in one of the G10 currencies.

Deutsche Borse expands crypto offering on Xetra with Valour's first internet computer ETN

February 14, 2024---Deutsche Börse is further expanding its range of cryptocurrency products: As of today, for the first time, an Exchange Traded Note (ETN) on Internet Computer (ICP) can be traded via Xetra and the trading venue Börse Frankfurt. The issuer of the ETN is Valour Digital Securities.

ESMA publishes latest edition of its newsletter

February 14, 2024--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.
Your one-stop-shop in the world of EU financial markets focused in January on the last ESMA consultation package related to the Markets in Crypto Assets Regulation (MiCA).

BlackRock splits custody business for Irish-domiciled ETFs

February 14, 2024--BNY Mellon joins rival State Street as a depositary and administration service provider for the Irish ETFs
BlackRock has appointed BNY Mellon as an additional custodian for €673bn Dublin-domiciled iShares exchange traded funds, splitting custody for the business between two post-trade service providers.

BlackRock Debuts Europe's Lowest-Fee India Government Bond ETF

February 12, 2024--BlackRock has entered the rupee sovereign space with Europe's lowest-fee Indian government bond ETF.
The iShares India INR Govt Bond UCITS ETF (INGB) is listed on Euronext Amsterdam with a total expense ratio of 0.35%.

IMF Working Paper-The Impact of Derivatives Collateralization on Liquidity Risk: Evidence from the Investment Fund Sector

February 9, 2024--Summary:
Stricter derivative margin requirements have increased the demand for liquid collateral, but euro area investment funds, which use derivatives extensively, have been reducing their liquid asset holdings. Using transaction-by-transaction derivatives data, we assess whether the current levels of funds' holdings of cash and other highly liquid assets would be adequate to meet funds' liquidity needs to cover variation margin calls on derivatives under a range of stress scenarios.

IMF Working Paper-The Impact of Derivatives Collateralization on Liquidity Risk: Evidence from the Investment Fund Sector

Boerse Stuttgart Records January Turnover Of Around EUR 8.5 Billion-Trading Volume Increases Compared To The Same Month Of The Previous Year -Growth In Structured Securities, Bonds And Exchange-Traded Products

February 2, 2024--Based on the order book statistics, Boerse Stuttgart generated turnover of around EUR 8,5 billion in January- around 11 percent more than in the same month of the previous year.
Structured securities made up the largest share of the turnover.

ESAs recommend steps to enhance the monitoring of BigTechs' financial services activities

February 1, 2024--The European Supervisory Authorities (EBA, EIOPA and ESMA-the ESAs) today published a Report setting out the results of a stocktake of BigTech direct financial services provision in the EU. The Report identifies the types of financial services currently carried out by BigTechs in the EU pursuant to EU licences and highlights inherent opportunities, risks, regulatory and supervisory challenges.

ECB-Euro area bank interest rate statistics: December 2023

February 1, 2024--Composite cost-of-borrowing indicator for new loans to corporations broadly unchanged at 5.22%; indicator for new loans to households for house purchase decreased by 4 basis points to 3.97%, driven by interest rate effect.

ESMA consults on reverse solicitation and classification of crypto assets as financial instruments under MiCA

January 29, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today publishes two Consultations Papers on guidelines under Markets in Crypto Assets Regulation (MiCA), one on reverse solicitation and one on the classification of crypto-assets as financial instruments.

ECB-Monetary developments in the euro area: December 2023

January 26, 2024--Annual growth rate of broad monetary aggregate M3 increased to 0.1% in December 2023 from -0.9% in November
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -8.5% in December, compared with -9.5% in November
Annual growth rate of adjusted loans to households decreased to 0.3% in December from 0.5% in November

ECB-Euro area economic and financial developments by institutional sector: third quarter of 2023

January 26, 2024--Euro area net saving increased to €734 billion in four quarters to third quarter of 2023, compared with €685 billion one quarter earlier
Household debt-to-income ratio decreased to 88.1% in third quarter of 2023 from 94.3% one year earlier
Non-financial corporations' debt-to-GDP ratio (consolidated measure) decreased to 68.1% in third quarter of 2023 from 73.7% one year earlier

Bitcoin ETF fee war spreads to Europe

January 23, 2024--Invesco and WisdomTree reduce fees on European-listed ETPs by more than 60%
Invesco and WisdomTree have slashed fees by more than 60 per cent on European bitcoin products as an "unprecedented" number of new exchange traded funds have become available to US investors.

ECB-Meeting of 13-14 December 2023 Account of the monetary policy meeting of the Governing Council of the European Central Bank

January 18, 2024--Held in Frankfurt am Main on Wednesday and Thursday, 13-14 December 2023
1. Review of financial, economic and monetary developments and policy options Financial market developments
Ms Schnabel noted that since the Governing Council's previous monetary policy meeting on 25-26 October 2023 the narrative in financial markets had entirely turned around, proving once again its high sensitivity to incoming data and central bank communication.

Monetary Policy Pass-Through to Interest Rates: Stylized Facts from 30 European Countries

January 12, 2024--Summary:
The extent to which changes in monetary policy rates lead to changes in loan and deposit rates for households and firms, referred to as 'pass-through', is an important ingredient of monetary policy transmission to output and prices.

Households and non-financial corporations in the euro area: third quarter of 2023

January 11, 2024--Households' financial investment increased at annual rate of 1.9% in third quarter of 2023, after 2.1% in previous quarter
Non-financial corporations' financing grew at broadly unchanged rate of 0.7%
Non-financial corporations' gross operating surplus increased at annual rate of 2.2%, after 5.9% in previous quarter Households

ESMA publishes latest edition of its newsletter

January 11, 2024--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.

ESMA explores risk exposures to real estate in EU securities markets and investment funds

January 10, 2024--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, is publishing its first analysis of the exposures the EU securities and markets and asset management sector have to real estate.
The analysis suggests that:
Debt levels in the real estate sector are elevated with wider risk implications from non-bank financial market players.

Euro area inflation rises less than expected in December

January 5, 2024--Eurozone inflation in December rose by 2.9% year-on-year, less than the 3% expected, ending a seven-month decline streak. Monthly, the inflation rate increased by 0.2%. Core inflation, excluding energy and food, hit 3.4%.

ECB-Euro area bank interest rate statistics: November 2023

January 5, 2024--Composite cost-of-borrowing indicator for new loans to corporations decreased by 4 basis points to 5.23%; indicator for new loans to households for house purchase increased by 10 basis points to 4.01%, both driven by interest rate effect

UK official holdings of international reserves: December 2023

January 4, 2024--This release details movements in the international reserves of gold and assets held by the UK Government.
This monthly release shows details of movements in the UK's official holdings of international reserves, or assets.

UK investment fund launches plunge to 20-year low as investors turn to cash

January 3, 2023--The number of new UK investment funds has reached its lowest level in two decades, according to new data, as asset managers are squeezed by rising interest rates and the cost of living.

ECB-Monetary developments in the euro area: November 2023

January 2, 2023-- Annual growth rate of broad monetary aggregate M3 stood at -0.9% in November 2023, after -1.0% in October 2023
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -9.5% in November, compared with -10.0% in October
Annual growth rate of adjusted loans to households stood at 0.5% in November, compared with 0.6% in October

Euro area monthly balance of payments: October 2023

December 20, 2023-- Current account recorded €34 billion surplus in October 2023, up from €31 billion in previous month
Current account surplus amounted to €218 billion (1.5% of euro area GDP) in the 12 months to October 2023, after a €56 billion deficit (0.4%) one year earlier

ESMA presents methodology for climate risk stress testing and analysis of the financial impact of greenwashing controversies

December 19, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today published two articles, one outlining an approach to modelling the impact of asset price shocks from adverse scenarios involving climate-related risks, the other exploring the use of ESG controversies for the purpose of monitoring greenwashing risk.

The average cost of retail investment products declines but significant differences across EU Member States remain

December 18, 2023--The European Securities and Markets Authority (ESMA), the EU financial markets regulator and supervisor, today publishes its sixth market report on the costs and performance of EU retail investment products. In this annual report ESMA finds that the average costs of investing in key EU retail financial products has declined by the end of 2022. However, cost heterogeneity persisted across EU Member States.

Are new EU data market regulations coherent and efficient?

December 18, 2023--Technical restrictions on access to and re-use of data may result in failures in data markets and data-driven services markets. Th is paper examines three new EU data regulations (the European Health Data Space, the Data Act and the Digital Markets Act) that vary substantially in mandatory access measures intended to overcome these market failures.

IMF Staff Country Report-Ireland: Selected Issues

December 18, 2023--A. Savings Funds in Ireland
Evolution of Public Finances
1. Sound fiscal policies have contributed to healthy public finances and put Ireland in a good position to weather shocks. The solid fiscal position of recent years has enabled the authorities to conduct countercyclical fiscal policy in the face of the Covid and energy price shocks and contributed to a fast decline in public debt.

ESMA proposes changes and updates timeline for its Guidelines on funds' names

December 14, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today provides an update on the status of ESMA's guidelines on ESG and sustainability-related terms in fund names, including details on the timing of their publication.

IMF Working Papers-Feeling Rich, Feeling Poor: Housing Wealth Effects and Consumption in Europe

December 8, 2023-Summary:
Households across Europe are struggling with a double crisis-the worst inflation shock since the World War II and a sudden correction in house prices. There is a rich literature on how housing price cycles affect consumer spending, finding mixed results with a wide range of consumption responses to changes in housing wealth.

ESAs put forward amendments to sustainability disclosures for the financial sector

December 4, 2023--The three European Supervisory Authorities (EBA, EIOPA and ESMA-ESAs) are today publishing their Final Report amending the draft Regulatory Technical Standards (RTS) to the Delegated Regulation supplementing the Sustainable Finance Disclosure Regulation (SFDR).

IMF Working Papers-Geoeconomic Fragmentation: What's at Stake for the EU

December 1, 2023-- Summary:
Geoeconomic fragmentation (GEF) is becoming entrenched worldwide, and the European Union (EU) is not immune to its effects. This paper takes stock of GEF policies impinging on-and adopted by-the EU and considers how exposed the EU is through trade, financial and technological channels.

The ESAs provide clarity and tips to consumers on sustainable finance

November 30, 2023--The three European Supervisory Authorities (EBA, EIOPA and ESMA-ESAs) today published an interactive factsheet that answers consumers' most frequently asked questions about sustainable finance. The factsheet provides tips to consumers considering buying financial products with sustainability features, including loans, investments, insurances and pensions.

ECB-Monetary developments in the euro area: October 2023

November 28, 2023--Annual growth rate of broad monetary aggregate M3 was -1.0% in October 2023, compared with -1.2% in September
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at -10.0% in October, compared with -9.9% in September
Annual growth rate of adjusted loans to households decreased to 0.6% in October from 0.8% in September

ECB-Meeting of 25-26 October 2023 Account of the monetary policy meeting of the Governing Council of the European Central Bank

November 23, 2023--Held in Athens on Wednesday and Thursday, 25-26 October 2023
1. Review of financial, economic and monetary developments and policy options
Financial market developments
Ms Schnabel started her presentation by noting that the market's immediate response to the dramatic geopolitical upheaval in the Middle East, following the terrorist attacks on Israel on 7 October 2023, had so far been contained.

New equity ETFs from SPDR on Xetra: access to information technology and healthcare companies worldwide

November 20, 2023--Since Monday, two new exchange-traded funds issued by State Street Global Advisors have been tradable on Xetra and via the trading venue Börse Frankfurt.
The two ETFs give investors access to large and mid-cap companies from developed countries around the world that are either in information technology or healthcare. The maximum weighting of one issuer is 35 per cent and all other companies 20 per cent.

ECB-Euro area investment fund statistics: third quarter of 2023

November 17, 2023--This release on investment fund statistics is being discontinued. As of November 2023, investment fund statistics are published on a dedicated page on the ECB's website, which features comprehensive charts containing the information previously available in this release.
In third quarter of 2023, outstanding amount of shares/units issued by investment funds other than money market funds fell to €15,207 billion, down €92 billion on previous quarter

New equity ETF from UBS on Xetra: access to UK companies with currency hedging

November 17, 2023--Since Friday, a new exchange-traded fund issued by UBS Asset Management has been tradable on Xetra and the trading venue Börse Frankfurt.
The UBS (LU) MSCI United Kingdom UCITS ETF (hedged to EUR) allows investors to invest in a portfolio of UK large-and mid-cap companies.

Forecasts for the UK economy: November 2023

November 15, 2023--A comparison of independent forecasts for the UK economy in November 2023.

New equity ETF from Invesco on Xetra: access to the stock performance of the Nasdaq 100 index

November 14, 2023--Since Tuesday, a new exchange-traded fund issued by Invesco has been tradable on Xetra and via the trading venue Börse Frankfurt.
The Invesco NASDAQ-100 Swap UCITS ETF offers investors the opportunity to participate in the performance of the 100 largest U.S. and international non-financial companies by market capitalisation that are traded on the NASDAQ stock exchange.

ESMA publishes latest edition of its newsletter

November 8, 2023--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.
Your one-stop-shop in the world of EU financial markets focused in October on the preparations for a smooth transition to the Markets in Crypto-Assets Regulation (MiCA) and the expectations from entities providing cryptos and from national authorities.

New Xtrackers ETFs from DWS reduce investment risks caused by the loss of biodiversity

November 6, 2023--DWS is expanding its range of sustainable investment products with three new Xtrackers ETFs. The listed index funds offer investors the opportunity to invest in companies in Europe, the US and worldwide that have a lower negative impact on the earth's ecosystems than the market average.

ECB-Euro area bank interest rate statistics: September 2023

November 2, 2023--Composite cost-of-borrowing indicator for new loans to corporations increased by 10 basis points to 5.09%; indicator for new loans to households for house purchase increased by 4 basis points to 3.89%, both driven by interest rate effect

ECB-Monetary developments in the euro area: September 2023

October 25, 2023--Annual growth rate of broad monetary aggregate M3 stood at -1.2% in September 2023, after -1.3% in August 2023
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -9.9% in September, compared with -10.4% in August

London Stock Exchange Incident Halts Trading in Many Stocks

October 19, 203--The 80-minute outage hit hundreds of smaller-cap equities
Stocks on the FTSE 100 and FTSE 250 indexes weren't affected
A system "incident" halted trading in hundreds of shares on the London Stock Exchange for the final 80 minutes of Thursday's session.

Official Statistics: Forecasts for the UK economy: October 2023

October 18, 2023--A comparison of independent forecasts for the UK economy in October 2023.

ESMA encourages preparations for a smooth transition to MiCA

October 17, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today publishes a letter and a statement to encourage preparations for a smooth transition to MiCA.

Europe Must Succeed in Restoring Price Stability

October 13, 2023--Tighter monetary policy is starting to work. Alternatives would be more costly.
So far so good. These words are probably a fair assessment of Europe's progress thus far in its struggle against inflation. Policy interest rates have been raised resolutely, central banks have signaled commitment to keeping them high for as long as necessary, and inflation is down sharply from the double-digit highs of last year.

ECB-Meeting of 13-14 September 2023

October 12, 2023--1. Review of financial, economic and monetary developments and policy options
Financial market developments
Ms Schnabel noted that, since the Governing Council's previous monetary policy meeting on 26-27 July 2023, investors' growth outlook for the euro area and for the United States had continued to diverge, widening the gap in both nominal and real yields between the two economies and driving the euro lower against the dollar.

ESMA puts forward expectations towards effective circuit breaker implementation

October 12, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, is today publishing a supervisory briefing on circuit breakers, which provides a comprehensive overview of supervisory expectations regarding the calibration of circuit breakers implemented by trading venues (TVs).

New bond ETF from Tabula on Xetra: short-term euro-denominated corporate bonds with investment grade rating

October 11, 2023--Since Wednesday, a new exchange-traded fund issued by Tabula has been tradable on Xetra and via the trading venue Börse Frankfurt. The Tabula EUR Ultrashort IG Bond Paris-Aligned Climate UCITS ETF gives investors access to fixed-income euro corporate bonds that have a maximum remaining maturity of one year and have an investment grade rating.

ESMA assesses market developments in DeFi and explores the smart contracts system

October 11, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets and securities regulator, today publishes two articles on decentralised finance (DeFi), one on developments and risks in the EU market and another on a methodology for the categorisation of smart contracts. These articles highlight important risks to consumers, new forms of market abuse, and possible vulnerabilities to financial stability.

ESMA publishes latest edition of its newsletter

October 10, 2023--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.

New thematic ETF from iShares on Xetra: Access Copper Mining

October 9, 2023--Since Friday, a new exchange-traded fund issued by iShares has been tradable on Xetra and via the trading venue Börse Frankfurt.
The iShares Copper Miners UCITS ETF provides investors with access to a portfolio of companies from developed and emerging markets that have significant exposure to copper mining. Companies from India, Kuwait, Pakistan, and Saudi Arabia are excluded.

Three new ETFs from L&G on Xetra: access to world-leading brands, Indian government bonds and a diversified commodity investment

October 9, 2023--Since Monday, three new exchange-traded funds issued by Legal & General Investment Management have been tradable on Xetra and the trading venue Börse Frankfurt.
For the first time, the L&G Global Brands UCITS ETF offers an investment in a portfolio of companies representing the world's leading brands across a variety of industries.

ESMA provides analysis on issuers' potential benefits from an ESG pricing effect

October 6, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets and securities regulator, today publishes an article on the European sustainable debt market, analysing the existence of an ESG pricing effect ('the Greenium') across different types of sustainable-abelled debt instruments.

Economic Activity in Europe and Central Asia Improves but Growth Lags Pre-Pandemic Levels

October 5, 2023--Economic growth for the emerging market and developing economies (EMDEs) of the Europe and Central Asia region has been revised up to 2.4% for 2023, says the World Bank's Economic Update for the region, released today.

ESMA consults on the potential impact of shortening the standard settlement cycle

October 5, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today launches a Call for Evidence (CfE) on the shortening of the settlement cycle. Stakeholders are invited to provide their input by 15 December 2023.

ESMA publishes second consultation on crypto market rules

October 5, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today publishes a second consultation package under the Markets in Crypto-Assets Regulation (MiCA). Stakeholders are encouraged to provide their feedback to this consultation by 14 December 2023.

Households and non-financial corporations in the euro area: second quarter of 2023

October 5, 2023--Households' financial investment increased at lower annual rate of 2.1% in second quarter of 2023, after 2.4% in previous quarter

Euro area quarterly balance of payments and international investment position: second quarter of 2023

October 5, 2023--Current account surplus at €34 billion (0.2% of euro area GDP) in four quarters to second quarter of 2023, after a €129 billion surplus (1.0% of GDP) a year earlier
Geographical counterparts: largest surpluses vis-à-vis United Kingdom (€156 billion) and Switzerland (€74 billion) and largest bilateral current account deficits vis-à-vis China (€156 billion) and the United States (€27 billion)

New fixed income ETFs from BNP Paribas Easy on Xetra: access to sustainable investment grade corporate bonds denominated in euros and US dollars

October 4, 2023--Four new exchange-traded funds issued by BNP Paribas Easy have been tradable on Xetra and via Börse Frankfurt.
The BNP Paribas Easy EUR Corp Bond SRI Fossil Free Ultrashort Duration UCITS ETF offers investors the opportunity to invest in a portfolio of euro-denominated corporate bonds with a short remaining maturity.

21.co Appoints Senior ETF Leader as Head of Financial Product Development

October 3, 2023--Mandy Chiu, CFA, brings deep experience developing innovative investment solutions for international markets
21.co, the world's largest issuer of crypto ETPs, today announced the appointment of Mandy Chiu, CFA, the company's Head of Financial Product Development.

Nasdaq Launches Custom Basket Forwards

October 3, 2023--Nasdaq (Nasdaq: NDAQ) today announced the launch of Nasdaq Custom Basket Forwards. The Custom Basket Forwards solution meets the increasing market demand for a simpler and more efficient way of handling equity exposures by utilizing standardized contracts on the regulated market.

Lloyds Bank and BlackRock partner to offer retail access to select ETFs- ETF Quicklist

October 3, 2023--Lloyds Bank has partnered with BlackRock to create a shortlist of iShares ETFs for its customers, offering easy access to a small range of funds.
Clients will be able to access the ETFs with no trading fees if they set up a regular investment plan, which can be opened from just £20 per month.

ESMA finds increase in use of ESG-related language in the EU fund industry

October 2, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets and securities regulator, today publishes an article exploring the use of language related to environmental, social and governance (ESG) factors in EU investment fund names and documentation.

IMF Working Paper-Financial Conditions in Europe: Dynamics, Drivers, and Macroeconomic Implications

September 29, 2023--Summary:
We develop a new measure of financial conditions (FCs) that targets the growth of financial liabilities using the partial least square methodology. We then estimate financial condition indexes (FCIs) across European economies, both at the aggregate and sectoral levels.

ESAs analyse the extent of voluntary disclosure of principal adverse impacts under the SFDR

September 28, 2023--The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA-the ESAs) today published their second annual Report on the extent of voluntary disclosure of principal adverse impacts under the Article 18 of the Sustainable Finance Disclosure Regulation (SFDR).

ESMA Work Programme 2024: focus on digital change and the green transition

September 28, 2023--The European Securities and Markets Authority (ESMA), the EU's financial market regulator and supervisor, today publishes its work programme for 2024.

ECB-Monetary developments in the euro area: August 2023

September 27, 2023-Annual growth rate of broad monetary aggregate M3 was -1.3% in August 2023, compared with -0.4% in July
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, was -10.4% in August, compared with -9.2% in July

ESMA provides overview of EU securitisation markets

September 21, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today publishes a study setting out the details of the EU securitisation market.
Main findings
Overall, the size of the European securitisation market has decreased significantly since the EUR 2tn it reached at the end of 2010.

Official Statistics: Forecasts for the UK economy: September 2023

September 20, 2023--A comparison of independent forecasts for the UK economy in September 2023.

Monzo clients rush to sign up for BlackRock offering

September 20, 2023--New service will offer online retail bank customers access to three multi-asset funds of funds
More than 200,000 Monzo customers have joined a waiting list to use a BlackRock investment offering when it launches in the "coming weeks".

New bond ETFs from Xtrackers on Xetra: access to short-term government bonds from Germany and the Eurozone

September 20, 2023--Since Wednesday, three new exchange-traded funds issued by Xtrackers have been tradable on Xetra and via Börse Frankfurt.
The Xtrackers II Germany Government Bond 0-1 UCITS ETF enables investors to invest in the performance of euro-denominated government bonds issued by the German government.

ARK Invest Acquires Rize ETF Limited, Paving the Way for Its Expansion into Europe, the UK, and New Markets Globally

September 19, 2023--ARK Invest LLC ("ARK Invest" or "ARK"), the parent of ARK Investment Management LLC, the investment manager led by CEO Cathie Wood, has acquired Rize ETF Limited ("Rize ETF"), Europe's first specialist thematic ETF issuer.

ESAs warn of risks resulting from a fragile economic outlook

September 18, 2023--The three European Supervisory Authorities (EBA, EIOPA and ESMA- ESAs) today issued their Autumn 2023 Joint Committee Report on risks and vulnerabilities in the EU financial system. The Report underlines the continued high economic uncertainty.

Eurozone interest rates raised to all-time high

September 14, 2023--Eurozone interest rates have been hiked to a record high by the European Central Bank (ECB).
The bank raised its key rate for the 10th time in a row, to 4% from 3.75%, as it warned inflation was "expected to remain too high for too long".

New active ETF from J.P. Morgan on Xetra: active investment strategy with a focus on climate-conscious US companies

September 13, 2023--Since Wednesday, a new exchange-traded fund issued by J.P. Morgan Asset Management has been tradable on Xetra and via Börse Frankfurt.
The JPM US Research Enhanced Index Equity SRI Paris Aligned UCITS ETF pursues an active investment strategy and invests primarily in companies that are domiciled in the United States or conduct most of their business activities there.

Capital.com Data: One Directional Traders Were Less Profitable than Traders Who Executed Both Long and Short Trades in 1H 2023

September 12, 2023--According to data compiled by high-growth global retail trading platform Capital.com, UK-based traders who opened a combination of both long and short trading positions were more profitable than those who executed long or short-only strategies in 1H 2023.

Virtune AB (Publ) is launching Virtune Sustainable Bitcoin ETP on Nasdaq Stockholm

September 12, 2023--Virtune, a Swedish regulated asset manager of digital assets in Sweden, is launching an innovative Bitcoin ETP ("Exchange Traded Product") on Nasdaq Stockholm in the race to reduce emissions, consumption, and environmental impacts.

European Commission-Summer 2023 Economic Forecast: Easing growth momentum amid declining inflation and robust labour market

September 11, 2023--The European Commission has today presented the Summer 2023 Economic Forecast.
The EU economy continues to grow, albeit with reduced momentum. The forecast revises growth in the EU economy down to 0.8% in 2023, from 1% projected in the Spring Forecast, and 1.4% in 2024, from 1.7%.

Amundi increases sustainable investments levels on 46 ETFs

September 7, 2023--Some funds managed by Europe's largest listed asset manager will rise from 1% to 35%
Amundi is increasing the minimum proportion of sustainable investments on 46 of its exchange traded funds following some clarifications of EU sustainability disclosure rules.