Europe ETF News up to 1 year Ago


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.

Both effects are larger for banks committed to decarbonization. Consistently with the risk-taking channel of monetary policy, tighter policy induces banks to increase both credit risk premia and carbon emission premia, and reduce lending to high emission firms more than to low emission ones.

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Source: ecb.europa.eu


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.

Launched at the end of July, the ETF has a total expense ratio of 0.35 per cent and has been registered for sale across much of Europe, including France, Germany and Italy

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Source: ft.com


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.

ESMA recognises risks associated with global crypto firms' complex structures where execution venues fall outside of the scope of MiCA. Such structures may include the involvement of an EU-authorised broker effectively routing orders to an intra-group execution venue based outside the EU, potentially leading to diminished consumer protection and to an unlevel playing field with EU-authorised execution venues.

Considering these risks ESMA recommends National Competent Authorities (NCAs) to be vigilant during the authorisation process and to assess business structures of global firms to ensure that they do not bypass obligations established in MiCA, to protect consumers and ensure transparent and orderly functioning of crypto markets.

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Source: esma.europa.eu


A new bond ETF from Amundi on Xetra: access to US government bonds with a maturity of 7-10 years

July 31, 2024--Since today, a new exchange-traded fund issued by Amundi Asset Management has been tradable via Xetra and Börse Frankfurt.
The Amundi US Treasury Bond 7-10Y UCITS ETF tracks the performance of the Bloomberg Barclays US Treasury 7-10 Year Index.

This gives investors access to the bond market for US government bonds with a remaining maturity of at least 7 and a maximum of 10 years.

These are US dollar-denominated government bonds with a fixed coupon, which must have an investment grade rating and a minimum volume of US$300 million. The interest income is reinvested.

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Source: Xetra


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.

The five iShares Equity Enhanced Active Ucits ETFs are designed to provide clients access to consistent alpha portfolio tools through ETFs, said the asset manager.

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Source: citywire.com


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

Total euro area economy
Euro area net saving increased to €809 billion (6.9% of euro area net disposable income) in the four quarters to the first quarter of 2024, as compared with €785 billion in the four-quarter period ending in the fourth quarter of 2023. Euro area net non-financial investment decreased to €525 billion (4.5% of net disposable income), mainly due to decreased investment by non-financial corporations (see Chart 1 and table 1 in the Annex).

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Source: ECB


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

Components of the broad monetary aggregate M3

The annual growth rate of the broad monetary aggregate M3 increased to 2.2% in June 2024 from 1.5% in May, averaging 1.7% in the three months up to June. 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, was -3.4% in June, compared with -5.0% in May. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 12.7% in June from 14.7% in May. The annual growth rate of marketable instruments (M3-M2) increased to 18.6% in June from 17.5% in May.

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Source: ECB


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.

The main findings include:

A total of around 386 firms provided services to retail clients on a cross-border basis in 2023;
Approximately 8 million clients in the EU/EEA received investment services from firms located in other EU/EEA Member States in 2023;
Compared to 2022, the cross-border market for investment services grew by 1.6% in terms of firm numbers, and by 5% in terms of retail clients, while the number of complaints increased by 31%;
Cyprus is the primary location for firms providing cross-border investment services in the EU/EEA, accounting for 20% of the total firms passporting investment services. Luxembourg and Germany follow with 15% and 14% of all firms, respectively; and
Germany, France, Spain, and Italy are the most significant destinations (in terms of number of retail clients) for investment firms providing cross-border services in other Member States.

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Source: ESMA


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.

sustainability indicators for crypto-asset consensus mechanisms;
business continuity measures for crypto-asset service providers (CASPs);
trade transparency;
content and format of orderbooks and record-keeping by CASPs;
machine readability of white papers and the register of white papers; and

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Source: ESMA


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.

The bonds have an investment grade rating and a fixed or variable coupon. To be included in the benchmark index, the J.P. Morgan ESG Global Credit (GCI) Investment Grade USD Custom Maturity Index, bonds must have an outstanding amount of at least USD 500 million and a remaining maturity of at least six months.

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Source: Xetra


Looking for news older than the past year?

Americas


December 23, 2024 Trust for Professional Managers files with the SEC-Performance Trust Short Term Bond ETF
December 23, 2024 EA Series Trust files with the SEC-Militia Long/Short Equity ETF
December 23, 2024 Tidal Trust II files with the SEC-Clockwise Core Equity & Innovation ETF
December 23, 2024 EA Series Trust files with the SEC-Matrix Advisors Value ETF
December 23, 2024 THOR Financial Technologies Trust files with the SEC-THOR Low Volatility ETF

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Asia ETF News


December 17, 2024 Kiwoom Asset Management launches KIWOOM KOSEF US Quantum Computing ETF, tracking Solactive U.S. Quantum Computing Index
December 10, 2024 China's surprise pledge sends commodities soaring
December 02, 2024 Fubon Fund Management Launches the First Ever Multi Asset ETF Including Commodities in Hong Kong, Tracking the Solactive Core Diversified Multi Asset Index

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Global ETP News


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Middle East ETP News


December 09, 2024 IMF-Kuwait: Selected Issues

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Africa ETF News


November 19, 2024 West Africa: Nigeria's Investment Appetite Grows, Mutual Funds Up 89.5 Percent to N3.8trn
November 18, 2024 Africa Topples Asia, Europe, Us As Africa's Preferred Trade Market

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ESG and Of Interest News


December 16, 2024 The World's Oldest Bond Just Celebrated Its 400th Birthday And Still Pays an 13.64 Euro Annual Yield
December 01, 2024 State Of Compute: The New Power Paradox
November 15, 2024 New report showcases opportunities to unlock trade in renewable electricity

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