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New thematic ETF from Purpose Investments via HANetf white-label platform: access to the world's largest online software service providers (Saas) in combination with sustainability filters
August 4, 2021--Since Tuesday, a new exchange traded fund issued by Purpose Investments has been tradable on Xetra and Börse Frankfurt via HANetf's white-label platform.
With the Purpose Enterprise Software ESG-S UCITS ETF-Acc, investors participate in a global portfolio of software providers that offer their services via the cloud (Software as a Service) and are among the fastest growing in their industry. In addition, the companies must fulfil the ESG criteria.
For inclusion in the index, the companies must either be manufacturers of their own software solutions or providers of services in the software sector. These include advertising/marketing services, IT services, internet/software services and software packages. In addition, the companies must have had a minimum sales growth of 15 per cent on average over the last three years.
Companies are excluded from the index that are not in line with the principles of the United Nations Global Compact or are active in the fields of weapons, oil sands and fossil fuels.
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Source: Deutsche Börse
UK investment trusts that are taking on thematic ETFs
August 4, 2021--Risks and rewards could both be higher with some targeting unlisted early and growth stage companies
Having agreed to pay £16.5m for a 63 per cent stake in thematic exchange traded fund provider Rize, AssetCo has delivered the latest vote of confidence in a growing industry.
Thematic ETFs are a promising area for any provider: the level of assets in such funds reached a new high of €32.4bn across Europe in the second quarter of this year, according to Morningstar.
The products available continue to broaden out: nine new thematic ETFs hit the European market in the second quarter of 2021, a figure that puts 2021 in line with the record 17 launches for the whole of 2020.
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Source: FT.com
New iShares ETF on Xetra: European companies with high ESG rating and currency hedge
July 30, 2021--A new exchange traded fund issued by iShares has been tradable on Xetra and Börse Frankfurt since Friday.
With the iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist), investors participate in the performance of large and medium-sized companies from 15 European industries that have a comparatively high ESG rating within their sector, are not involved in the extraction or production of fossil fuels and do not own fossil reserves.
Companies are excluded from the index that are not in line with the principles of the United Nations Global Compact, are involved in ESG-related controversies or are active in the areas of thermal coal, nuclear energy, weapons, gambling, tobacco and genetically modified organisms.
The weighting of a stock is limited to a maximum of 5 per cent. Any dividend income is distributed. Currency risks against the euro are minimised.
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Source: Deutsche Börse
Purpose Investments to Launch World's First Pure Play Enterprise Software ETF to List on London Stock Exchange in Partnership with HANetf
July 29, 2021--Purpose Investments Inc. ("Purpose") is happy to announce that tomorrow it will launch the Purpose Enterprise Software ESG-S UCITS ETF ("the Fund"), the world's first pure play enterprise software ETF to list on the London Stock Exchange. The Fund, which will trade under the ticker SOFT, is being made available through Purpose's partnership with HANetf, an independent European ETF specialist.
SOFT will provide investors with exposure to a diverse ESG-screened selection of software-as-a-service ("SaaS") enterprise software companies at the forefront of the digital revolution, including household names such as Adobe, Shopify, and Twitter.
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main view more Euro area economic and financial developments by institutional sector: first quarter of 2021
Euro area net saving decreased to €517 billion (5.8% of euro area net disposable income) in the four quarters to the first quarter of 2021 compared with €528 billion in the four quarters to the previous quarter. Euro area net non-financial investment declined to €244 billion (2.7% of net disposable income), mainly due to decreased investment by non-financial corporations. view more Official Statistics: Database of forecasts for the UK economy ECB-Monetary developments in the euro area: June 2021
Components of the broad monetary aggregate M3
The annual growth rate of the broad monetary aggregate M3 decreased to 8.3% in June 2021 from 8.5% in May, averaging 8.7% in the three months up to June. The components of M3 showed the following developments. view more
Martin Gilbert's AssetCo to acquire 63% stake in Rize ETF for 16.5m GDP view more ESMA Highlights Areas for Improvement in Compliance With Mifid II Suitability Requirements view more If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: Purpose Investments Inc.
July 28, 2021--On Wednesday, 7 July 2021
Conclusion of the ECB's strategy review 2020-21
The President started her introduction by looking back at the strategy review that the Governing Council had been conducting over the previous 18 months, drawing on an immense collective effort by staff at the ECB and the national central banks (NCBs) of the euro area.
While taking the ECB's primary mandate of price stability as a given, the review had allowed the Governing Council to challenge its thinking, engage with numerous stakeholders, reflect, discuss and reach common ground on how to adapt its strategy. The new strategy, which would be reflected in the document entitled "The ECB's monetary policy strategy statement" intended for publication on the ECB's website, was a strong foundation that would help guide the Governing Council in the conduct of its monetary policy in the years to come.
Source: ECB
July 28, 2021--July 28, 2021--Euro area net saving decreased to €517 billion in four quarters to first quarter of 2021, compared with €528 billion one quarter earlier
Household debt-to-income ratio increased to 96.4% in first quarter of 2021 from 93.6% one year earlier
Non-financial corporations' debt-to-GDP ratio (consolidated measure) rose to 84.7% in first quarter of 2021 from 77.2% one year earlier
Total euro area economy
Source: ECB
July 28, 2021--We've compiled independent forecasts for the UK economy since 1986. This database includes forecasts of key economic indicators from those publications.
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Source: gov.uk
July 27, 2021--Annual growth rate of broad monetary aggregate M3 decreased to 8.3% in June 2021 from 8.5% in May (revised from 8.4%)
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at 11.7% in June, compared with 11.6% in May
Annual growth rate of adjusted loans to households stood at 4.0% in June, compared with 3.9% in May
Annual growth rate of adjusted loans to non-financial corporations stood at 1.9% in June, unchanged from previous month
Source: ECB
July 22, 2021--Further £5.25m committed to fund growth
Martin Gilbert's AssetCo has struck a deal to acquire a 63% stake in Rize ETF for £16.5m, with a further £5.25m to be invested in the thematic ETF provider to fund growth.
AssetCo plans to raise approximately £25m of new equity from investors to fund the acquisition. Following the deal, management and employees will own an effective 37% equity interest in Rize ETF, of which 5% is subject to certain near-term performance conditions, the company said in a statement.
Source: investmentweek.co.uk
July 21, 2021--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, today publishes the results of the 2020 Common Supervisory Action (CSA) on MiFID II suitability requirements.
The 2020 CSA has shown that firms overall comply with key elements of the suitability requirements that were already regulated under MiFID I, such as the understanding of products and clients and their processes and procedures to ensure the suitability of investments
However, shortcomings and areas of improvement have emerged about some of the new requirements introduced by MiFID II, notably the requirement to consider the cost and complexity of equivalent products, the costs and benefits of switching investments and suitability reports.
Source: ESMA
