ETF and ETP listings on June 6, 2025: new on Xetra and Borse Frankfurt
June 10, 2025-The BNP Paribas Easy MSCI USA Small Cap Min TE UCITS ETF invests in around 1, 500 US companies with small market capitalizations. Companies are selected based on ESG criteria and their efforts to reduce their exposure to coal and unconventional fossil fuels. The goal is to achieve at least 20 percent lower GHG (greenhouse gas) intensity than the MSCI USA Small Cap Index.
The fund is available in Euro and US Dollar share classes.
Name: BNP Paribas Easy MSCI USA Small Cap Min TE UCITS ETF USD Capitalisation
Product family : Easy ETF
Asset class: Equity ETF
ISIN: IE000ZME9TM4
Ticker*: ESAH (USD)
Product costs: 0.25%
Use of profits: accumulating
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Source: Xetra
Active ETF fever grips selectors-is the end in sight for mutual funds?
June 6, 2025--MONTREUX: Selectors share their active ETF action plan as new products flood the European market.
Our allocation is still small, but we have seen a growing interest for active ETFs, and ETFs in general - probably one of the biggest trends that we are seeing so far,' Generali's 40 under 40-listed fund selector, Sofia Righetti said at Citywire's Montreux forum.
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Her comments come as Citywire Selector reveals the results of an exclusive pan-European poll of some of the industry's most influential fund buyers – revealing that 57% of selectors are ramping up their active ETF exposure.
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Source: citywire.com
ETF and ETP listings on June 6, 2025: new on Xetra and Borse Frankfurt
June 6, 2025-The BNP Paribas Easy JPM ESG EMU Government Bond IG 5-7Y UCITS ETF invests in euro-denominated government bonds from the Eurozone with an investment grade rating and maturities between 5 and 7 years.
The UBS Euro Equity Defensive Put Write SF UCITS ETF represents a put option writing strategy.
It consists of the sale of EURO STOXX 50 put options and a cash exposure that is based on the yield on federal bonds.
Name: BNP Paribas Easy JPM ESG EMU Government Bond IG 5-7Y UCITS ETF
Product family : Easy ETF
Asset class: Fixed Income ETF
ISIN: LU2993392898
Ticker*: BJL9 (EUR)
Product costs: 0.08%
Use of profits: accumulating
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Source: Xetra
ETF and ETP listings on June 4, 2025: new on Xetra and Borse Frankfurt
June 4, 2025--The SPDR S&P Europe Defense Vision UCITS ETF invests in at least 30 European-based companies (excluding Russia) involved in defense-related activities.
These include companies operating exclusively in the defense sector, industrial companies in the field of naval shipbuilding, tank construction and the construction of military installations and infrastructure, as well as technology providers responsible for secure communications, cybersecurity and IT systems for military operations.
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Source: Xetra
Jacobi Bitcoin ETF Opens to Retail Investors Following Regulatory Approval
June 3, 2025--Jacobi Asset Management announces today at Money 20/20 Amsterdam a major milestone in the evolution of digital asset investment in Europe. The Jacobi Bitcoin ETF, Europe's first and only Bitcoin exchange-traded fund (ETF), is now open to both retail and professional investors following a landmark decision by the Guernsey Financial Services Commission (GFSC).
Retail investors, subject to the rules of their respective national regulators, can now access the Jacobi Bitcoin ETF via regulated brokerage and investment platforms.
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Source: Jacobi Asset Management (Holdings) Ltd
A United Europe Can Shape the Global Economy
June 3, 2025--The European Union must unite to shape today's global economy, rather than be shaped by it
Not many places match the European Union for quality of life. Its workers enjoy more time off than in many other regions, yet their living standards are among the highest. Its core values of solidarity are exemplified in social contracts that ensure the state will care for those who need it.
Yet lately the EU has lost confidence in its economic model. Wealthier than China and more populous than the United States, it has been trailing both in growth and has fallen back in technological innovation since the global financial crisis. The growth gap is widening as the continent’s workforce shrinks, productivity stagnates, and trade tensions rise. And now governments are scrambling to boost defense spending to rely less on the United States for their security.
Can the EU rouse itself to meet the challenges of a new era marked by rapid geopolitical shifts and policy uncertainty? The newest issue of Finance & Development examines that question in depth.
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Source: IMF.org
Making Germany Grow Again
June 3, 2025--Long-term, future-focused investment can rescue Europe's largest economy from stagnation
More than a quarter century after The Economist first dubbed Germany the "sick man of Europe," the label applies again.
And this time, the illness is a chronic condition, requiring a long-term treatment plan. The new government's fiscal plan to fund infrastructure investment and increased defense spending is a start. But Germany must also open its economy to future-oriented technologies, push for greater market integration in Europe, and build stronger capital markets at home.
For the past five years, Germany's economy has been stagnant, growing by just 0.1 percent since 2019.
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Source: IMF.org
ECB-Monetary developments in the euro area: April 2025
May 30, 2025--Annual growth rate of broad monetary aggregate M3 increased to 3.9% in April 2025 from 3.7% in March (revised from 3.6%)
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 4.7% in April from 3.9% in March (revised from 3.8%)
Annual growth rate of adjusted loans to households increased to 1.9% in April from 1.7% in March
Annual growth rate of adjusted loans to non-financial corporations increased to 2.6% in April from 2.4% in March (revised from 2.3%)
Components of the broad monetary aggregate M3
The annual growth rate of the broad monetary aggregate M3 increased to 3.9% in April 2025 from 3.7% in March, averaging 3.8% in the three months up to April. 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 4.7% in April from 3.9% in March. The annual growth rate of short-term deposits other than overnight deposits (M2-M1) decreased to 0.6% in April from 1.5% in March. The annual growth rate of marketable instruments (M3-M2) decreased to 10.8% in April from 11.9% in March.
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Source: ECB
Future-Proofing the Euro
May 23, 2025--Europe's policymakers must not rely on the next crisis to force reform to the single currency
The euro is at the core of the European project, but its future is far from assured. Introduced more than 25 years ago, it has survived one crisis after another, and its rules and institutions have changed along the way. Yet these changes to the functioning of European monetary union form a poor long-term basis for institutions.
They have spawned ever larger and less constrained monetary and fiscal interventions and sown the seeds for even worse future crises.
This is the sobering diagnosis of Crisis Cycle, a new book on the euro's evolution by a unique trio: Stanford University's John Cochrane, a leading scholar of monetary and fiscal matters; Luis Garicano, once a member of the European Parliament, now at the London School of Economics; and Klaus Masuch, whose lifetime career in the European Central Bank’s engine rooms of monetary policy and crisis management included work with the "troika" that negotiated the Greek adjustment program after the 2010 debt crisis.
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Source: IMF.org
Meeting of 16-17 April 2025 Account of the monetary policy meeting of the Governing Council of the European Central Bank
May 22, 2025--Held in Frankfurt am Main
1. Review of financial, economic and monetary developments and policy options
Financial market developments
Ms Schnabel recalled that President Trump's announcement on 2 April 2025 of unexpectedly high tariffs had sparked a sharp sell-off in global equity markets and in US bond markets, leading to a surge in financial market volatility.
The severity of the tariffs and the manner in which they had been introduced had led to a breakdown of standard cross-market correlations, with a sell-off of US equities occurring at the same time as a sell-off of Treasuries in the context of a marked depreciation of the US dollar against major currencies.
Movements in euro area risk-free rates reflected the opposing impacts of the historic German fiscal package and the global trade conflict.
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Source: ECB