Europe ETP News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
Productivity slumps in eurozone, rises in US: institute
January 20, 2010--Productivity in the 16 euro nations fell last year due to the recession but continued to rise in the United States, narrowing the transatlantic gap, the Conference Board economic institute said Wednesday.
In the single currency bloc in 2009, productivity -- in terms of output per hour -- fell 1.0 percent, yet remained strong in the United States, growing 2.5 percent.
"These are unusually large differences in productivity growth between the United States and Europe," said Conference Board chief economist Bart van Ark.
read more
Source: EU Business
EU Emission Trading: benchmarks must not lead to carbon leakage
January 20, 2010--BUSINESSEUROPE has just adopted a position paper on benchmarks and other methods for free allocation of allowances under the EU Emission Trading Scheme (ETS) from 2013 onwards. This position was approved together with the European sectoral federations whose industries are covered under the EU ETS.
European business has always been in favour of setting benchmarks to ensure that industrial installations under the ETS which are cleaner than others also receive relatively more free allowances because this creates incentives for further low-carbon investments. It is important, however, that these benchmarks are realistically achievable for EU industry by 2020 so that the resulting free allowances are sufficient to prevent carbon leakage.
view the position paper-COMMUNITY-WIDE BENCHMARKS AND IMPLEMENTING RULES FOR
ALLOCATION OF ALLOWANCES UNDER THE REVISED EU EMISSION
TRADING SCHEME (ETS)-
DELIVERING THE 21% REDUCTION TARGET
Source: BUSINESSEUROPE
EU to examine US-style bank tax
January 19, 2010- Europe will examine a Swedish proposal to introduce a Europe-wide tax on banks similar to a new US scheme, in a bid to fix broken public finances and build a buffer against future financial crises.
Spanish Finance Minister Elena Salgado, chairing a Brussels meeting of counterparts from the 27 European Union members, told reporters that the idea was "already on the agenda for an informal meeting" in Madrid in April.
Finance Minister Anders Borg had earlier presented in a letter to peers his plans to impose a bloc-wide levy which he said would "pay for the impact (financial sector) rescue measures have had on our public finances."
read more
Source: EU Business
Two New db x-trackers II Bond Index ETFs Launched on Xetra
January 17, 2010--Since Tuesday, two additional db x-trackers II bond index funds from Deutsche Bank’s ETF offering have been tradable on Xetra®.
ETF name: db x-trackers II iBoxx € Germany Total Return Index ETF
Asset class: bond index ETF
ISIN: LU0468896575
Management fee: 0.05 percent
Distribution policy: distributing
Benchmark: iBoxx € Germany Index
ETF name: db x-trackers II iBoxx € Germany 1-3 Total Return Index ETF
Asset class: bond index ETF
ISIN: LU0468897110
Management fee: 0.05 percent
Distribution policy: distributing
Benchmark: iBoxx € Germany 1-3 Index
The two new ETFs track the performance of the iBoxx € Germany Index and the iBoxx € Germany 1-3 Index. The iBoxx € Germany index contains government bonds denominated in euros or a legacy currency issued by the German government. The iBoxx € Germany 1-3 Index is limited to bonds with maturities of one to three years.
The product offering in Deutsche Börse’s XTF segment currently comprises 554 exchange-listed index funds, making it the largest offering of all European stock exchanges. With this offering and an average monthly trading volume of 11 billion euros, Xetra is the leading trading venue for ETFs in Europe.
Source: Deutsche Börse
Admission of Irish ETFs to trading on the London Stock Exchange
January 19, 2010--One of the main objectives in structuring Exchange Traded Funds (ETFs) is accessing large
capital markets. Many ETFs consider a main market listing on the London Stock Exchange
(LSE) as the best means of accessing liquidity and increasing their profile. However an LSE listing involves significant time and financial considerations.
There is now an alternative way to access the Main Market of the LSE, reducing costs and
time significantly.
The introduction of EU Directives has resulted in a distinction between the concepts of being “listed” and “admitted to trading”. A security that is “listed” on an exchange has been vetted by the relevant exchange and is compliant with the suitability standards and conditions for listing laid down by that exchange. A security that is “admitted to trading” has been approved by a competent authority in another EU jurisdiction and must be recognised by the “host” exchange, with the relevant securities being allowed to trade on the host exchange.
read more
Source: Dillon Eustace
UBS Global Asset Management will launch a new product in the ETF Segment of the SIX Swiss Exchange
January 19, 2009--SIX Swiss Exchange is pleased to inform you that a new product will be listed and traded in the Exchange Traded Funds segment
UBS Index Solutions - Gold (CHF) hedged ETF I
Valor:10602713
Trading Symbol: AUCHIH
Ticker:CH0106027136
UBS Ltd has concluded a Market Making contract with the SIX Swiss Exchange and consequently commits to be the Market Maker for this product.
This means that the ETF segment will soon comprise 313 products. The first trading day will be 22 January 2010; the opening will take place at 09:15 a.m. The order-books will be open and available to traders for entering orders from 21 January 2010.
Source: SIX Swiss Exchange
Fourth Purple Book published
January 19, 2010--The Purple Book 2009 – the fourth to be published – uses information relating to 97 per cent of the defined benefit schemes eligible for PPF compensation (6,885 schemes, representing some 12 million defined benefit pensions ) and 99 per cent of their estimated total liabilities
Much of the analysis in the Purple Book 2009 is based on new information contained in the returns which schemes provided to the regulator by the end of March 2009. These returns contain details about such things as scheme valuation, asset allocation and membership.
view the Purple Book 2009 - Chapter 1: Executive Summary
view the Purple Book 2009 - Full Version
Source: Pensions Regulator
Julius Baer plans launch of new precious metals ETPs
January 19, 2010--Julius Baer Precious Metals Funds will launch three new exchange-traded products backed by platinum, palladium and silver to be traded on the SIX Swiss Exchange, fund manager Swiss & Global Asset Management said.
The products, will issue securities backed by physical stocks of the relevant precious metals which will be stored in bank vaults in Switzerland. JB Precious Metals Funds already include a gold-backed product.
Julius Baer Precious Metals Fund executive director Stephan Mueller said the funds' launch was a logical step in the development of the bank's ETP portfolio, especially as the industrial precious metals may benefit from a broader economic recovery this year.
Source; Yahoo News
Mapping of duties and liabilities of UCITS depositaries
January 19, 2010-- On January 18, 2010 CESR published the Mapping of duties and liabilities of UCITS depositaries.
view the document
Source: CESR
Amundi Launches 13 New ETFs On NYSE Euronext Paris - 10 Are Without Precedent
January 19, 2010--Following the launch of 41 ETFs in 2009, Amundi is pursuing CASAM ETF’s development strategy by listing 13 new products on NYSE Euronext Paris, 10 of which are without precedent:
• Six unprecedented short bond ETFs
This series of ETFs, unique in Europe, replicates the EuroMTS Eurozone Government Broad index, benefiting from advantageous market conditions and allowing investors to position themselves for a potential rise in interest rates. These products offer a reverse exposure to EMU government bonds with maturities ranging from 1 to 15 years.
• Four new commodity ETFs, three of which are unique
CASAM ETF now offers a new ETF category which provides investors with an exposure to the main underlying commodities. These four new ETFs replicate the S&P GSCI Light Energy, S&P GSCI Non Energy, S&P GSCI Metals and S&P GSCI Agriculture, offering investors opportunities for portfolio diversification.
• Two European equity ETFs
CASAM ETF is extending its regional ETF range by creating two new products based on the MSCI Europe index, providing exposure to European equities excluding Switzerland or EMU markets.
<
• One emerging market ETF CASAM ETF is completing its range of emerging markets ETFs with the launch of a product based on the MSCI Brazil index. This product allows investors to gain exposure to the leading Brazilian stocks through a single transaction.
The CASAM ETF range now comprises 78 products which, with management fees among the lowest on the market, are characterised by their competitive pricing.
As part of the CASAM ETF product range, these new products are distributed by a dedicated sales team at CA Cheuvreux and by the sales teams of Amundi.
For more information, visit casametf.com.
Valérie Baudson, Managing Director of CASAM ETF states: “This launch confirms our wish to continually enhance our range and our capacity to provide innovative products. Our products now cover all asset classes, responding to investors’ needs while maintaining our competitive pricing policy.”
Thierry Ancona, Head of Sales, Continental Europe at CA Cheuvreux, comments, “The depth and quality of CASAM ETFs, combined with our competence in execution services, positions CA Cheuvreux as a key partner, capable of offering international institutional clients high performing solutions which are adapted to changing market conditions”
Scott Ebner, Senior Vice President, Exchange Traded Products of NYSE Euronext, comments: “We are very happy to welcome this first ETF product launch of 2010, which continues to expand the range of ETFs available on NYSE Euronext. The new products listed by Amundi Investment Solutions, notably the Short Bond ETFs which are the first on our markets, offer investors an increased choice of products and additional investment strategies.”
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
