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ETF Securities Offers First Currency-ETNs on Xetra
March 10, 2010--Ten Exchange Traded Notes (ETNs) issued by the issuer ETF Securities have been tradable on Xetra since Wednesday.
With the new ETNs, ETF Securities offers investors a first opportunity to participate in the performance of currencies.
The underlying indices display the exchange rate development of the Euro against Swiss Franc, British Pound, Norwegian Krone, Swedish Krona and Yen. Depending on the investor’s choice he has the opportunity to benefit from an either rising or declining Euro rate.
“We welcome these further innovative listings – they underline our market-leading position of trading in Europe,” said Rainer Riess, Managing Director of Xetra Market Development at Deutsche Börse.
Unlike exchange traded commodities (ETCs), which have been tradable with Deutsche Börse since 2006, ETNs are based on indices outside the commodities sector. Deutsche Börse combines the asset categories ETCs and ETNs into the product range Exchange Traded Products (ETPs). The ETF- and ETP product range currently comprises 589 ETFs, 155 ETCs and 12 ETNs.
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Source: Deutsche Börse
Barclays' nous lifts hopes of US dream
March 10, 2010--Frits Seegers, the former retail banking chief at Barclays, was famously bearish about the US. “There are huge opportunities in Europe. The US is very different – it’s a bet on the economy and the risk-reward calculation doesn’t make sense yet,” he told the FT last September.
How times change. Economic prospects, particularly in the US, might look that much brighter six months on, but the crucial difference now is that a new man is in charge, after Mr Seegers was ousted late last year. And Antony Jenkins, his replacement and former Citigroup executive, is a fan of America.
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Source: FT.com
ECB to examine European IMF plan: Trichet
March 10, 2010--The European Central Bank will examine Germany's proposal for the creation of an emergency loan fund for eurozone economies in distress, ECB chief Jean-Claude Trichet said on Wednesday.
"We don't reject the idea at this stage. We have to look at it and look at the details," Trichet told reporters on the sidelines of an exhibition opening in Frankfurt, where the ECB is headquartered.
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Source: EUbusiness
Euro-Parliament urges tax on financial operations
March 10, 2010--The European Parliament on Wednesday called for a worldwide tax on financial transactions that would help pay for the economic crisis and could aid the fight against global warming.
"The European Union should come up with a common position... on options for the financial sector to make a just and substantial contribution" through such a tax, read the text of a resolution by the parliament.
If a global agreement is impossible, the EU should "elaborate its own strategy", EU lawmakers added in their non-binding resolution.
Financial transactions: adopted text is available here
Source: EUbusiness
EU powers to demand crackdown on 'speculators': Greece
March 10, 2010--France, Germany and the Eurogroup of eurozone finance ministers will call on the European Commission to detail plans to clamp down on speculators, Greece's foreign minister said on Wednesday.
"Germany, France, Greece and (Eurogroup chief Jean-Claude) Juncker will send a joint letter to the president of the European Commission Jose Manuel Barroso," Foreign Minister Dimitris Droutsas said on Greek television Net.
Droutsas said the letter would call for "very precise measures against speculators" and was "a first step" in plans to cut down speculation on financial markets, particularly in highly opaque derivatives trading.
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Source: EU Business
Xmtch (IE) Plc-Starting from March 10th 2010, 13 new ETF will be listed
March 10, 2010--Borsa Italiana welcomes on the ETFplus market 13 new ETFs managed by Xmtch (IE) Plc, the new offer is composed as follow:
13 ETFs on developed countries: XMTCH (IE) ON DOW JONES EURO STOXX 50, XMTCH (IE) ON FTSE 100, XMTCH (IE) ON FTSE MIB, XMTCH (IE) ON NIKKEI 225, XMTCH (IE) ON MSCI PACIFIC EX JAPAN, XMTCH (IE) ON MSCI UK, XMTCH (IE) ON MSCI JAPAN, XMTCH (IE) ON MSCI EUROPE, XMTCH (IE) ON MSCI EMU, XMTCH (IE) ON NASDAQ 100, XMTCH (IE) ON DOW JONES IND AVERAGE, XMTCH (IE) ON MSCI USA, XMTCH (IE) ON MSCI CANADA.
Source: Borsa Italiana
Amundi Investment Solution-Starting from March 9th 2010, 15 new ETF will be listed
March 10, 2010--Borsa Italiana welcomes on the ETFplus market 15 ETFs issued by the new comer Amundi Investment Solution (Crédit Agricole), the new offer is composed as follow:
6 ETFs on developed countries: AMUNDI ETF MSCI ITALY, AMUNDI ETF MSCI USA, AMUNDI ETF MSCI PACIFIC EX JAPAN, AMUNDI ETF DOW JONES EURO STOXX 50, AMUNDI ETF MSCI EUROPE, AMUNDI ETF MSCI EMU
3 ETFs on emerging countries:AMUNDI ETF MSCI EASTERN EUROPE EX RUSSIA, AMUNDI ETF MSCI CHINA, AMUNDI ETF MSCI INDIA
3 leveraged ETFs: AMUNDI ETF LEVERAGED MSCI USA DAILY, AMUNDI ETF LEVERAGED MSCI EUROPE DAILY, AMUNDI ETF LEVERAGED DJ EURO STOXX 50
3 short ETFs: AMUNDI ETF SHORT MSCI USA DAILY, AMUNDI ETF SHORT MSCI EUROPE DAILY, AMUNDI ETF SHORT DOW JONES EURO STOXX 50
Source: Borsa Italiana
ETF Statistics February 2010 -London Stock Exchange
March 9, 2010--ETF Statistics February 2010 from the London Stock Exchange are now available.
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Source: London Stock Exchange
Investors warn EU on private equity rules
March 9, 2010--Europe risks building a protectionist wall between itself and the global private equity industry if plans for a sweeping overhaul of regulation in the sector go ahead, some of the world’s biggest institutional investors have warned.
The warning from the International Limited Partners Association, representing 220 of the biggest pension funds, endowments and sovereign wealth funds, comes at a sensitive time with European Union lawmakers and member states close to agreeing new rules.
Investors based in the EU could be barred from investing in private equity funds based outside the 27-country bloc, said the ILPA, whose members have more than $1,000bn (£667bn) invested in private equity worldwide
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Source: FT.com
Study says longevity hedges can help funds
March 9, 2010--Pension fund trustees interested in offloading the risk that their members live longer than expected should be prepared for a lengthy and complicated process but can reap rewards for their organisations, according to scheme managers.
Off-loading longevity risks stabilises pension liabilities, frees up cash and improves a company’s share price but can be costly and hamper later efforts to get rid of an entire scheme, according to a new report from pension fund managers who have done such deals and others who have looked at them.
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Source: FT.com
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