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New Exchange Traded Funds (ETFs) on SIX Swiss Exchange
January 13, 2010--Seven new products have been listed in the Exchanged Traded Funds segment
of SIX Swiss Exchange, taking the total to 312 ETFs. The new funds are:
Xmtch (IE) on MSCI Pacific ex Japan
Xmtch (IE) on MSCI Canada
Xmtch (IE) on MSCI UK
Xmtch (IE) on MSCI USA
Xmtch (IE) on MSCI Japan
Xmtch (IE) on MSCI Europe
Xmtch (IE) on MSCI EMU
Credit Suisse will perform the market making for these funds.
Source: SIX Swiss Exchange
FESE European Equity Market Report
January 13, 2010--The European Equity Market Report updated with December 2009 figures is now available.
view the report
Source: FESE
The game is not over for the services directive!
January 13, 2010--On 28 December 2009, the Services Directive entered into force after three years of transposition into the various national legal orders. This is just the first important step towards realisation of the single market for services in Europe. 2010 will be a decisive year to judge through the mutual evaluation process whether theory in laws turns into tangible benefits for services providers and consumers so much needed in the current economic downturn.
The Commission will play a key role in ensuring a robust and high-quality transposition and even enforcement. Equally important is to inform and raise awareness among citizens and particularly SMEs about those expected benefits. In this regard, the Commission has made available extensive information material.
Pension funds tap growing prospects for emerging markets
January 13, 2010--Two European pension funds are pursuing the predicted surge of interest in emerging markets equity investments and have launched searches for suitable EM managers, using IPE-Quest.
Details of QN1073 reveal a Swiss pension fund may invest CHF400m-600m (€271m-€407m) in passive long-only emerging marketing equities, benchmarked to the MSCI EM Total Return local index.
read more
Source: IP&E
ETF Landscape: European DJ STOXX 600 Sector ETF Net Flows, week ending 08-Jan-10
January 13, 2010--Last week saw US$1.0 Mn net outflows from DJ STOXX 600 sector ETFs. The largest sector ETF inflows last week were in Basic Resources with US$131.9 Mn and Oil & Gas with US$29.3 Mn while Food & Beverage experienced net outflows of US$104.1 Mn.
Year-to-date, Basic Resources has been the most popular sector with US$131.9 Mn net new assets, followed by Oil & Gas with US$29.3 Mn net inflows. Food & Beverage ETFs have been the least popular with US$104.1 Mn net outflows YTD.
The assets invested in the ETFs are greater than the open interest in the corresponding futures contract in all 19 sectors.
Visit Blackrock for more information. Stock market most profitable investment read more
New Exchange Traded Funds (ETFs) on SIX Swiss Exchange
UBS AG will perform the market making for these funds. NYSE Euronext European ETF Activity - December 2009 * The median spread of all listed ETF s was 34.36 bps in December 2009, down from 71.03 bps in December 2008. for more info Optimized Return and Security-ETFlab offers exchange-traded bond funds for Jumbo bonds
A maximum of up to 30 so-called Jumbo bonds qualifies for the underlying index. They must have an outstanding volume of at least Euro 1.0 billion and a residual maturity between 1.5 and 10.5 years. In order to guarantee high liquidity, only papers that have been in the market for maximally four years since their issue will be considered.
Due to experiences made during the financial crises there are further security requirements. The maximum number of bonds by which an issuer is represented in the index may not exceed four, and the maximum weight of an issuer has been restricted to 15 percent. Any issuer must have a rating of at least BBB, whereby the weight of the bonds with this rating must not account for more than a total of 50 percent in the index. There are quarterly reviews as to whether the papers contained in the index meet these criteria. “This is to avoid risk concentration and to ensure that trade goes on smoothly even in difficult periods”, Andreas Fehrenbach explains.
The new exchange traded fund follows the approach of full replication, i.e. the respective papers are bought into the fund directly. In the past, the duration period was constantly between 3.5 and 4 years. Trade on the German stock exchange will start on January 12, 2010. Rendite und Sicherheit optimiert-TFlab bietet Renten-ETF auf Jumbo-Pfandbriefe
Für den zu Grunde liegenden Index qualifizieren sich bis maximal 30 so genannte Jumbo-Pfandbriefe. Sie müssen ein ausstehendes Volumen von mindestens 1,0 Mrd. Euro und eine Restlaufzeit zwischen 1,5 und 10,5 Jahren aufweisen. Um eine hohe Liquidität zu sichern, werden nur Papiere berücksichtigt, die höchstens vier Jahre seit Emission am Markt sind.
Aus den Erfahrungen der Finanzkrise gibt es weitere Sicherheitsanforderungen. Jeder Emittent darf nur mit höchsten vier Anleihen im Index vertreten sein und das maximale Gewicht eines Emittenten ist auf 15 Prozent beschränkt. Ein Emittent muss mindestens ein Rating von BBB aufweisen, wobei Anleihen mit diesem Rating insgesamt nur 50 Prozent Gewicht im Index ausmachen dürfen. Viermal jährlich wird überprüft, ob die im Index enthaltenen Papiere die Kriterien erfüllen. „So sollen Klumpenrisiken vermieden und sichergestellt werden, dass der Handel auch in schwierigen Phasen reibungslos läuft“, erläutert Andreas Fehrenbach.
Der neue Pfandbrief-ETF folgt dem Ansatz der vollen Replikation, das heißt, die entsprechenden Papiere werden direkt in den Fonds hinein gekauft. Historisch lag die Duration konstant zwischen 3,5 bis 4 Jahren. Der Handel an der Deutschen Börse wird am 12. Januar 2010 aufgenommen.
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Source: ETF Research and Implementation Strategy Team, Blackrock
January 12, 2010--Investors who directed their money toward the stock exchange in 2009 ended the year with an average 84.56 percent net profit, despite a shaky economy during the global financial crisis.
Data from the Turkish Statistics Institute (TurkStat) released yesterday revealed that the greatest income gained from financial instruments was obtained from the stock market, with a whopping 84.56 percent inflation-adjusted profit, with gold bullion, usually deemed one of the safest investments, trailing behind with a still abnormally high profit rate of 26.03 percent in 2009.
Source: Todays Zaman
January 12, 2010--Two new products have been listed in the Exchanged Traded Funds segment of
SIX Swiss Exchange, taking the total to 305 ETFs. The new funds are:
UBS Index Solutions - Gold (USD) ETF A
UBS Index Solutions - Gold (USD) ETF I
Source: SIX Swiss Exchange
January 12, 2010--European ETF activity highlights:
* At the end of December, NYSE Euronext had 449 ETF s with 497 listings from 15 issuers. NYSE Euronext ETF s cover more than 290 indices including an extended range of assets and strategies (Equity, Fixed Income, Commodities, Short, Leverage, etc…).
* In 2009, the number of ETF s increased by more than 29% compared to end of 2008. At the end of December, NYSE Euronext European markets had registered 107 ETF listings and 6 delistings for the year 2009.
* Daily average turnover in December 2009 remained stable at just over €263 Million, while the daily average number of trades continued the strong 2009 upward trend, increasing from 5 378 to 6 074, or 12.94%, compared to December 2008.
Source: NYSE Euronext
ETFlab iBoxx € Liquid Germany Covered Diversified-(ISIN: DE 000 ETF L35 9)
January 12, 2010--With the ETFlab iBoxx € Liquid Germany Covered Diversified, ETFlab Investment GmbH, the Munich specialist for exchange traded funds, provides access to the segment of the biggest and most liquid German covered bonds, also known as Jumbo Pfandbriefe. “The ETF allows investors to achieve more return than with a Government bond, without having to accept disadvantages as regards the security of the papers”, Andreas Fehrenbach, the managing director of ETFlab, points out. This is granted by the high requirements of the German Pfandbrief Act.
At the moment, 15 issuers with at least an AA rating are providing broad diversification of the fund. The return of the ETF is currently about 0.20% above the SWAP interest rate with an identical residual maturity. A nice result, which can be traced back, among others, to ETFlab’s consistent and lean fees policy. With an annual All-in-Fee of only 0.09 %, the ETFlab iBoxx € Liquid Germany Covered Diversified counts among the most favourable ETFs worldwide.
Source: ETFlab
ETFlab iBoxx € Liquid Germany Covered Diversified -(ISIN: DE 000 ETF L35 9)
12. Januar 2010. Der Münchener Spezialist für börsengehandelte Indexfonds, die ETFlab Investment GmbH, ermöglicht mit dem ETFlab iBoxx € Liquid Germany Covered Diversified Zugang zum Segment der größten und liquidesten deutschen Pfandbriefe, auch als Jumbo-Pfandbriefe bekannt. „Damit können Investoren mehr Rendite als bei einer Bundesanleihe erzielen“, hebt Andreas Fehrenbach, Geschäftsführer von ETFlab, hervor, „ohne Abstriche bei der Sicherheit der Papiere hinnehmen zu müssen.“ Dies ist durch die hohen Anforderungen des deutschen Pfandbriefgesetzes gewährleistet.
Momentan sorgen 15 Emittenten mit mindestens „AA“-Rating für eine breite Diversifizierung des Fonds. Die Rendite des ETF liegt derzeit um 0,20% über dem SWAP-Zinssatz mit identischer Restlaufzeit. Ein schönes Ergebnis, das unter anderem auf die konsequent schlanke Gebührenpolitik von ETFlab zurückzuführen ist. Mit einer jährlichen All-in-Fee in Höhe von nur 0,09 % zählt der ETFlab iBoxx € Liquid Germany Covered Diversified zu den günstigsten ETFs weltweit.
Source: ETFlab
