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HSBC launches FTSE 250 exchange-traded fund
April 8, 2010--HSBC has launched a FTSE 250 exchange traded fund (ETF) today (8 April), which will initially be listed on the London Stock Exchange with further registrations in Europe planned in the coming months.
The total expense ratio (TER) of the HSBC FTSE 250 ETF is 0.35 per cent.
The HSBC FTSE 250 ETF is part of a range of ETFs that HSBC plans to launch across Europe.
HSBC announced its entry into the European ETF market in August 2009 with the launch of the HSBC FTSE 100 ETF, providing exposure to the largest UK-listed companies.
Since then, HSBC has added ETFs linked to the Euro Stoxx 50, CAC 40 and MSCI Japan indices.
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Source: FT Adviser
20 new Amundi ETFs Launched on Xetra
5 ETFs denominated in euros and 5 in dollars newly listed in Deutsche Börse’s XTF segment
April 7, 2010--A further ten equity index ETFs, six bond index ETFs and four commodity index ETFs issued by Amundi ETF have been tradable on Xetra® since Wednesday.
Six of the ten new Amundi equity index ETFs track the performance of companies from the following countries and regions of the MSCI index family: Brazil, eastern Europe ex Russia, non-EMU Europe, Scandinavia, Switzerland and the UK. The Amundi ETF MSCI Brazil is tradable in US dollars.
Investors can invest in the performance of the following markets on Xetra for the first time: The Amundi ETF MSCI Nordic tracks the performance of the around 80 largest and best-performing companies from the Scandinavian equity market (Denmark, Finland, Norway and Sweden). The Amundi ETF MSCI Eastern Europe ex Russia participates in the performance of the most important companies in the eastern European equity markets excluding Russia. The Amundi ETF MSCI Europe ex EMU provides access to equities from the developed economies in Europe outside of the European Monetary Union (EMU). The Amundi ETF MSCI Switzerland tracks the MSCI Switzerland index and thus the performance of around 40 of the largest and best-performing companies in the Swiss equity market.
Investors can also participate in the performance of the 600 largest and best-performing companies from 18 European countries with the Amundi ETF Dow Jones STOXX 600.
Three further Amundi ETFs provide investors with access to the finance, energy and real estate sectors. For the first time, investors can participate in the performance of the MSCI World Financials and MSCI World Energy indices on Xetra. The MSCI World Energy contains the world’s largest energy companies, of which the most important for the index are petroleum companies such as BP, Repsol, Royal Dutch and Exxon Mobil. The MSCI World Financials contains approximately 300 financial sector companies from all over the world. The Amundi ETF Real Estate REIT IEIF allows investors to participate for the first time on Xetra in the performance of the strategy index Euronext IEIF REIT Europe, and thus also in the performance of around 25 real estate companies listed in Europe.
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Source: Deutsche Börse
World Bank: Turkey region’s leader in energy investments
April 7, 2010--Turkey is a leader in the region for its efforts to find renewable sources of energy and has taken important steps in developing its vital energy sector, World Bank Country Director Ulrich Zachau has said.
Speaking in Ankara yesterday presenting a report titled “Are the Lights Turning Off?” Zachau said if $3 trillion in investments in the energy sector in Eastern Europe and Central Asia are not made within the next 20 years, then the region will be faced with a severe energy bottleneck.
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Source: Todays Zaman
Gov't foresees higher growth in economy following latest data
April 7, 2010--Following the latest indices which heralded a strong recovery in the economy after the global financial crisis of 2009, the government plans to revise its 3.5 percent economic growth estimate, as foreseen in the mid-term economic program for 2010, to a higher level by the end of the first half.
Economy Minister Ali Babacan signaled on Wednesday in Ankara that the government would announce a higher estimated growth for this year in a medium-term program to be released on June 15.
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Source: Todays Zaman
Second estimates for the fourth quarter of 2009 -Euro area GDP stable and EU27 GDP up by 0.1%
-2.2% and -2.3% respectively compared with the fourth quarter of 2008
April 7, 2010--Euro area1 (EA16) GDP was stable and EU271 GDP increased by 0.1% during the fourth quarter of 2009, compared with the previous quarter, according to second estimates from Eurostat, the statistical office of the European Union. In the third quarter of 2009, growth rates were +0.4% in the euro area and +0.3% in the EU27.
In comparison with the same quarter of the previous year, seasonally adjusted GDP declined in the fourth quarter of 2009 by 2.2% in the euro area and by 2.3% in the EU27, after -4.1% and -4.3% respectively in the previous quarter.
In the fourth quarter of 2009, among Member States for which seasonally adjusted GDP data are available, Estonia (+2.5%) recorded the highest growth rate compared with the previous quarter, followed by Slovakia (+2.0%) and Poland (+1.2%). Variation in components of GDP
In the fourth quarter of 2009, household2 final consumption expenditure was stable in both the euro area and the EU27 (after -0.1% in both zones in the previous quarter). Investments fell by 1.3% in the euro area and by 1.6% in the EU27 (after -0.9% and -0.6%). Exports increased by 1.9% in both zones (after +2.9% and +2.7%). Imports increased by 1.3% in the euro area and by 1.6% in the EU27 (after +2.9% in both zones).
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Source: Eurostat
Macquarie Completes Acquisition Of Sal. Oppenheim’s Equity Derivatives And Cash Equities Businesses
Acquisition broadens Macquarie’s European equities business
Sal. Oppenheim clients to benefit from Macquarie’s global research capability, financial strength and growing advisory platform
April 7, 2010--Macquarie Group (“Macquarie”) (ASX: MQG) today announced it has entered into an agreement to acquire the cash equities sales and research business of German private bank Sal. Oppenheim jr. & Cie. KGaA. The acquisition will broaden Macquarie’s pan-European business, bolstering its presence in key European markets and complementing Macquarie’s existing operations.
Sal. Oppenheim’s cash equities business comprises equities research, sales and trading and execution functions focused on continental Europe. The business is particularly strong in Germany, one of Europe’s leading markets, and is highly regarded by institutional investors. Under the agreement more than 50 staff will join Macquarie on completion of the transaction. This is in addition to more than 90 staff from Sal. Oppenheim’s equity derivatives and structured products business, which, as announced on 23 December 2009, Macquarie has agreed to acquire in a separate transaction.
Alan Watson, Executive Director and Head of Macquarie’s cash equities business in Europe, said: “This transaction is a logical step in the evolution of Macquarie’s equities business as it expands our coverage into continental Europe, giving us a particularly strong presence in Germany. Sal. Oppenheim’s leading research product in German equities and the quality of its relationships with clients investing in these markets is highly complementary with Macquarie’s existing cash equities business. The resulting combination will provide research coverage of over 400 companies in Europe, representing about 80 per cent of the EuroStoxx 600 Index. The result is a platform that is well placed across all major European markets.” Amundi lists 13 sector ETFs on Borsa Italiana
2 world sector-based ETFs, wich have the purpose to replicate sector-based indices on the MSCI World: AMUNDI ETF MSCI WORLD ENERGY, AMUNDI ETF MSCI WORLD FINANCIALS; Three new ComStage Bond Index ETFs Launched on Xetra The product offering in Deutsche Börse’s XTF segment currently contains a total of 620 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €13 billion, makes Xetra Europe’s leading trading venue for ETFs. NYSE Arca Europe Market Share Gain Of Over 1% In FTSE 100 & 250 Stocks
NYSE Arca Europe provides fast, easy and low-cost trading access across Europe, and has a unique position due to its integration with NYSE Euronext. Launched in March 2009, the platform has over 40 members, amongst them leading financial firms and high frequency traders from the UK as well as from continental Europe. These members can trade a total of 818 stocks via its ultra-low latency Universal Trading Platform, which for NYSE Arca Europe has an internal roundtrip time consistently averaging 120 microseconds.
A full instrument list can be found on NYSE Arca Europe’s website:
CESR reviews national use of options and discretions of Market Abuse Directive view the Review Panel report MAD Options and Discretions 2009 If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
Source: Macquarie
March 7, 2010--On April 1, 2010 Borsa Italiana welcomed on the ETFplus market 13 new ETFs managed by Amundi Investment Solution, the new offer is composed as follow:
13 European sector-based ETFs, wich have the purpose to replicate sector-based indices on the MSCI Europe: AMUNDI ETF MSCI EUROPE BANKS, AMUNDI ETF MSCI EUROPE CONSUM DISCRETION, AMUNDI ETF MSCI EUROPE CONSUMER STAPLES, AMUNDI ETF MSCI EUROPE HEALTHCARE, AMUNDI ETF MSCI EUROPE INDUSTRIALS,
AMUNDI ETF MSCI EUROPE INSURANCE, AMUNDI ETF MSCI EUROPE IT, AMUNDI ETF MSCI EUROPE MATERIALS, AMUNDI ETF MSCI EUROPE TELECOM SERVICES, AMUNDI ETF MSCI EUROPE UTILITIES;
Source: Borsa Italiana
April 6, 2010--Since Tuesday, three new listed bond index funds issued by ComStage have been tradable in Deutsche Börse’s XTF segment.
ETF name: ComStage ETF iBoxx € Germany Covered Capped 3-5 TR
Asset class: bond index ETF
ISIN: LU0488317370
Management fee: 0.17 percent
Distribution policy: non-distributing
Benchmark: Markit iBoxx € Covered Capped 3-5 TR Index
ETF name: ComStage ETF iBoxx € Germany Covered Capped 5-7 TR
Asset class: bond index ETF
ISIN: LU0488317453
Management fee: 0.17 percent
Distribution policy: non-distributing
Benchmark: Markit iBoxx € Covered Capped 5-7 TR Index
ETF name: ComStage ETF iBoxx € Germany Covered Capped 7-10 TR
Asset class: bond index ETF
ISIN: LU0488317537
Management fee: 0.17 percent
Distribution policy: non-distributing
Benchmark: Markit iBoxx € Covered Capped 7-10 TR Index
The three new bond index ETFs issued by ComStage are based on total return benchmarks of the Markit iBoxx € Covered Capped Index family with maturities of three to five, five to seven, and seven to ten years. The indices track euro-denominated covered bonds issued in Germany. All the bonds must have an outstanding volume of at least €1 billion.
Source: Deutsche Börse
April 6, 2010--NYSE Arca Europe, NYSE Euronext’s pan-European Multilateral Trading Facility (MTF), today reported that its market share reached a significant milestone, with an average of 1.10% and 1.02% traded in transaction value on the FTSE 100 and FTSE 250 stocks respectively in the last week.
Virginie Saade, Head of NYSE Arca Europe, commented: “The diversity of our market participants combined with the consistently ultra low latency of our Universal Trading Platform have allowed our volume and market share to reach new record levels.”
www.euronext.com/editorial/wide/editorial-55018-EN.html
Source: NYSE Euronext
April 6, 2010--CESR publishes today a review (Ref. CESR/09-1120) of how securities regulators across Europe use options and discretions applied by CESR Members under the European Market Abuse Directive regime, (MAD regime) which is made up of the Market Abuse Directive (MAD) and its Level 2 implementing measures as developed by CESR. The report gives evidence of the wide use of options and discretions by Member States with regard to the MAD regime. CESR’s stock take found divergence in how national supervisors disclose information on supervisory measures or sanctions, inside information directors’ dealings and suspicious transaction reports.
While acknowledging the legitimate use of options and discretions, under the MAD regime, CESR’s Review Panel restates its commitment towards increased convergence of supervisory practices in the EU and recommends that the results of this exercise are taken into account in the ongoing revision of the Market Abuse Directive. This work follows conclusions of the ECOFIN Council of December 2007, on aiming at reducing the use of discretions, and of May 2008 and June 2009, on the need to aim at enhancing supervisory convergence in the EU. CESR’s re-commitment to providing convergence is in line with the recent decisions by the EU Parliament and Council of establishing a single European supervisory rule book.
Source: CESR
