Nasdaq Stockholm welcomes HANetf as new ETP provider
March 12, 2025--Today, Nasdaq (Nasdaq: NDAQ) announces that HANetf has listed their first Exchange Traded Notes (ETNs) on Nasdaq Stockholm.
The ETNs have leveraged Bitcoin and Ethereum ETFs as underlying assets and will be traded in Swedish Krona (SEK).
"We are happy to welcome HANetf as a new ETN provider. The demand for ETNs is growing and this is an important step for the Swedish market in meeting that demand. With a broader range of locally listed ETNs, we give investors the opportunity to take advantage of cost-effective, transparent investment opportunities." says Helena Wedin, Head of ETF and ETP, Nasdaq European Markets.
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Source: Nasdaq
New on Xetra: crypto ETN from 21Shares with access to the crypto basket of Bitcoin and Ethereum
March 12, 2025--A new crypto ETN issued by 21Shares has been tradable on Xetra and Börse Frankfurt since Wednesday.
The 21Shares Bitcoin Ethereum Core ETP offers investors easy and efficient access to the performance of a crypto basket consisting of the two cryptocurrencies Bitcoin (BTC) and Ethereum (ETH).
The weighting of the two crypto assets is based on their current market capitalisation and is adjusted monthly.
The ETN is 100 per cent hedged by the underlying assets BTC and ETH.
Name: 21Shares Bitcoin Ethereum Core ETP
ISIN: CH0496484640
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Source: Xetra
European approval for semi-transparent ETFs sparks debate
March 10, 2025--Quick Summary:
Luxembourg has only approved semi-transparency for actively managed funds, with passive, index-tracking funds not deemed in need of such protection, but she believed some passive funds would also benefit from shielding their portfolio from the market.
In part, semi-transparent ETFs' slow progress in the US is due to regulations limiting the non-transparent option to ETFs investing purely in US securities, suggesting there might be a wider appetite for the approach if it was more widely available.
Some believe opening the door to semi-transparent ETFs in Europe could widen the type of funds available to investors.
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Source: beamstart.com
European investors dump US equity ETFs in February
March 5, 2025-Outflows are in contrast to the US where flows to US equity ETFs represented nearly half of the total accrued
European investors pulled money from US equity exchange traded funds in February for the first time since May 2023 in a sign of an abrupt change in sentiment on the continent towards US equities and in contrast to their US peers.
European-domiciled ETFs that invest in US equities suffered $510mn in outflows in February, even though total inflows into ETFs in Europe edged up to $35.3bn in February.
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Source: ft.com
Euronext plan to consolidate ETF trading venues sparks scepticism
March 4, 2025-Industry figures have welcomed ambitious plans by Euronext, the stock exchange group, to consolidate the thousands of exchange traded product listings scattered across its seven bourses on to one venue.
However, some are sceptical about whether Euronext can achieve its aim-particularly by the end of the September, which is believed to be its target-given the political sensitivities around the health of national stock exchanges.
Euronext has more than 3,300 ETP listings spread across the Milan, Amsterdam, Paris, Oslo, Brussels, Dublin and Lisbon exchanges, with many funds listed in several locations.
State Street said it will be responding to the SEC's letter but had no further comment at present.
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Source: ft.com
Monetary developments in the euro area: January 2025
February 27, 2025-- Annual growth rate of broad monetary aggregate M3 increased to 3.6% in January 2025 from 3.4% in December (revised from 3.5%)
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 2.7% in January from 1.8% in December
Annual growth rate of adjusted loans to households increased to 1.3% in January from 1.1% in December
Annual growth rate of adjusted loans to non-financial corporations increased to 2.0% in January from 1.7% in December (revised from 1.5%)
Components of the broad monetary aggregate M3
The annual growth rate of the broad monetary aggregate M3 increased to 3.6% in January 2025 from 3.4% in December, averaging 3.6% in the three months up to January. The components of M3 showed the following developments.
The annual growth rate of the narrower aggregate M1, which comprises currency in circulation and overnight deposits, increased to 2.7% in January from 1.8% in December. The annual growth rate of shot-term deposits other than overnight deposits (M2-M1) decreased to 3.3% in January from 4.4% in December. The annual growth rate of marketable instruments (M3-M2) decreased to 14.7% in January from 15.8% in December.
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Source: ECB
ECB: Meeting of 29-30 January 2025 Account of the monetary policy meeting of the Governing Council of the European Central Bank
February 27, 2025-- Held in Frankfurt am Main on Wednesday and Thursday, 29-30 January 2025
1. Review of financial, economic and monetary developments and policy options
Financial market developments
Ms Schnabel noted that the financial market developments observed in the euro area after October 2024 had reversed since the Governing Council's previous monetary policy meeting on 11-12 December 2024.
The US presidential election in November had initially led to lower euro area bond yields and equity prices.
Since the December monetary policy meeting, however, both risk-free yields and risk asset prices had moved substantially higher and had more than made up their previous declines. A less gloomy domestic macroeconomic outlook and an increase in the market's outlook for inflation in the euro area on the back of higher energy prices had led investors to expect the ECB to proceed with a more gradual rate easing path.
A bounce-back of euro area risk appetite had supported equity and corporate bond prices and had contained sovereign bond spreads. While the euro had also rebounded recently against the US dollar, it remained significantly weaker than before the US election.
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Source: ECB
MarketVector and XENIX Launch The Dividends 500 Index, a New Benchmark for Global High-Dividend Investing
February 25, 2025--MarketVector IndexesTM ("MarketVector"), a global index provider recognized for thematic and factor-based indexing, and XENIX, the index owner known for its ETF ratings and awards in Europe, have launched "The Dividends 500 Index", officially known as the MarketVectorTM XENIX Global Dynamic Dividends 500 Index.
This benchmark serves European ETF issuers and financial product developers by selecting the top 500 high-dividend-yield stocks across developed and emerging markets.
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Source: MarketVector Indexes
Tabula Capital Limited now trading as TabCap Investment Management, passes key AUM milestone
February 19, 2025-Tabula Capital Limited, an independent quantitative macro credit manager founded in 2020 by David Peacock and John Weiss, is delighted to announce that it is now trading under a new name: TabCap Investment Management ("TabCap").
The move follows the sale of the firm's Tabula ETF business last year to Janus Henderson, and is a key step forward for TabCap, which focuses on active quantitative strategies in liquid credit. The firm received independent FCA regulatory authorisation in November of 2024.
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Source: TabCap Investment Management
ESMA publishes latest edition of its newsletter
February 19, 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.
Your one-stop-shop in the world of EU financial markets focused in January and February on the ESMA Conference "Shaping the future of EU capital markets". We welcomed 300 participants in person- and around 3700 online -at the event in Paris on 5 February 2025.
The discussions focused on concrete ideas to make the Savings and Investments Union a reality, addressing the funding gap, and fostering a culture of retail investment.
ESMA also decided how to best contribute to efficient simplification and burden reduction actions, while preserving the main objectives of financial stability, orderly markets and investor protection.
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Source: esma.europa.eu