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Macquarie Group in talks to acquire Sal Oppenheim
October 13, 2009--Fresh from agreeing a trio of US acquisitions and a string of high-profile hires in the US, Asia and Europe, Macquarie Group has a new target in sight.
The Australian investment bank and specialist infrastructure investor is in advanced talks to buy the investment banking operations of Sal Oppenheim, the private European bank, in a deal that if completed will significantly expand Macquarie’s presence in Germany.
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Source: FT.com
ETF Stat September 2009-ETF Plus Market
October 13, 2009-The ETF Statistics-September 2009 of ETF Plus Market is now available.
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Source: ETF Plus Market -Borsa Italiana
NYSE Euronext list seven additional iShares ETFs today
October 13, 2009-NYSE Euronext is pleased to announce the listing of seven additional iShares ETFs today
The Funds are:
iShares MSCI Europe(Acc)
ISIN:IE00B4K48X80
Trading Symbol:IMAE
iShares MSCI World (Acc)
ISIN:IE00B4L5Y983
Trading Symbol: IWDA
iShares MSCI Emerging Markets (Acc)
ISIN:IE00B4L5YC18
Trading Symbol:IEMA
iShares MSCI Japan (Acc)
ISIN: IE00B4L5YX21
Trading Symbol
IJPA
iShares S&P 500 (Acc)
ISIN:IE00B4L5ZD99
Trading Symbol: IACC
iShares Barclays Euro Government Bond 5-7
ISIN:IE00B4WXJG34
Trading Symbol: IEGY
iShares Barclays Euro Government Bond 10-15
ISIN: IE00B4WXJH41
Trading Symbol: IEGZ
Source: NYSE Euronext
ETF Statistics September 2009-London Stock Exchange
October 12, 2009--The ETF Statistics September 2009-London Stock Exchange are now available.
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Source: London Stock Exchange
UK fund managers and the risks & opportunities of climate change
October 13, 2009--Against a background of public debate on how to rebuild financial systems to manage the risks that will cause the next financial crisis, this report looks at a sector that controls majority shareholdings in the UK's largest companies, giving it the power to stimulate - or suppress - efforts to future-proof our companies, investments and economy against the physical, regulatory and financial impacts of climate change, while also promoting environmental sustainability.
Against a background of public debate on how to rebuild financial systems to manage the risks that will cause the next financial crisis, this report looks at a sector that controls majority shareholdings in the UK's largest companies, giving it the power to stimulate - or suppress - efforts to future-proof our companies, investments and economy against the physical, regulatory and financial impacts of climate change, while also promoting environmental sustainability.
This report is the result of research carried out in summer 2009, using responses from 39 of the largest fund management companies operating in the UK, together managing an estimated £6 trillion. Researchers looked at the attitudes, action and accountability of fund managers in relation to the risks and opportunities of climate change.
Key findings
The importance of climate change is recognised by fund managers, but action is suppressed by short-term analysis and lack of client demand.
Significant differences in the extent that different fund managers are taking action to anticipate climate change.
Differing views are held by fund managers on which sectors require action to manage climate change. Strong fund manager support for mandatory emissions reporting and reduction.
Fund managers' reporting on climate change risks and opportunities is disappointing.
Download the Report-Preparing for the storm
Source: Fair Pensions
State Street excluded by sustainable investor Triodos over landmine/cluster bombs info
October 12, 2009--State Street, the US finance giant that manages and administers billions for institutional investor clients, has been excluded from Triodos Bank’s investment universe over non-disclosure of investments in land-mine and cluster bomb manufacturers.
Triodos analyst Alice Byers said the Boston-based bank “provided limited information in response to our questions on possible relationships with companies that manufacture anti-personnel mines and cluster bombs”.
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Source: Responsible Investor
Thomson Reuters MiFID Market Share Reports September 2009
October 13, 2009--Thomson Reuters MiFID Market Share Reports September 2009 are now available.
These reports show the market share in terms of all trades published across the different European exchanges and other reporting venues.
2009 Market Share Report (Jan - Sep) XLS
From March 2009 the Monthly Equity Market Share reports are being sourced from our recently launched Equity Market Share Reporter. Both the Volume and Turnover data are now calculated based on each individual trade reported by all European Exchanges, MTFs, and OTC trade reporting venues rather than the accumulated volume figures for each stock as published by the Exchanges. Trades reported after trade-date are now reflected in these statistics. We are also able to separately identify the trading volumes of the Independent Dark Pools.
The report most recently published spreadsheet for January to July 2009 reflects separate values for all trades published through MiFID trade publication services with the venue name and " - OTC". This reflects feedback to the data published last month requesting that these trades be split out from the totals per venue for trade executed on those venues or reported under the rules of those venues.
Source: Thomson Reuters
Dow Jones STOXX Global Select Dividend 100 Index Licensed to iShares to Underlie Exchange-Traded Fund
October 9, 2009--STOXX Limited, the leading European index provider, today announced that the Dow Jones STOXX Global Select Dividend 100 Index has been licensed to iShares to serve as the basis for an exchange-traded fund (ETF). The new ETF will be available on Deutsche Boerse today.
"The Dow Jones STOXX Global Select Dividend 100 Index follows a unique methodology where the component weightings are based on dividend yield rather than the traditional market capitalization weighting. This offers a uniquely structured tool that allows market participants to access the performance of high-dividend paying global companies," said Ricardo Manrique, chief executive officer, STOXX Ltd. "iShares' decision to launch an ETF on this index complements its existing ETF lineup based on other Dow Jones and Dow Jones STOXX Select Dividend Indexes, which provide exposure to single countries and specific regions."
Launched on February 21, 2007, the Dow Jones STOXX Global Select Dividend 100 Index comprises the 100 highest dividend-yielding stocks worldwide. It consists of 40 stocks from the Americas, as well as of 30 stocks each from Europe and Asia/Pacific. As of October 8, 2009, the index was up 28.59% for the year.
To be eligible for inclusion in the Dow Jones STOXX Global Select Dividend 100 Index, a company must have a positive historical five-year dividend-per-share growth rate and a dividend-to-earnings-per-share ratio of less than or equal to 60% in Europe and the Americas, and 80% in Asia/Pacific in the current year, or be a previous component.
The weight of individual components in the Dow Jones STOXX Global Select Dividend 100 Index is restricted to 15% in order to prevent the index from being dominated by single high-dividend paying stocks. The index is reviewed on an annual basis in March. Price and total return indexes are calculated in euro and U.S. dollar. Daily historical data are available back to December 31, 1998.
Further information on the Dow Jones STOXX Indexes is available at www.stoxx.com.
Source: Dow Jones Indexes
Scoach Launches Index for Reverse Convertibles
October 11, 2009-As of today, Scoach, the Frankfurt exchange for structured products, offers investors the Scoach reverse convertibles index. This new barometer enables investors to immediately track average, market-weighted performance of reverse convertibles in different market phases.
Since the flat-rate withholding tax has gone into force thus ending tax discrimination of reverse convertibles, this product has been gaining in investor popularity. "With the Scoach reverse convertibles index, we are promptly addressing our clients' increased interest in information and supplying representative market tracking based on volume actually invested," said Christian Reuss, CEO of Scoach Europa AG.
The Scoach reverse convertibles index is composed of 20 reverse convertibles selected by the European Derivatives Group (EDG). Each month, EDG determines these representative products by volume invested. The Dow Jones EURO STOXX 50® Index serves as the basis.
The new reverse convertibles index supplements Scoach's existing certificate index family. Scoach has already been publishing indices on discount, bonus, outperformance and guarantee certificates since October 2008. These successful indices are used by professional investors, among others, to benchmark comparable investment strategies.
Just as its predecessors, the Scoach reverse convertibles index is calculated by Deutsche Börse Market Data & Analytics and disseminated via the CEF® data feeds
Source: Scoach
Eurex to Launch First Futures Contract Based on Asian index
October 11, 2009--The international derivatives exchange Eurex announced today, that it will launch a new equity index future based on the MSCI Japan on 26 October 2009. With this extension, Europe’s largest derivatives exchange continues to broaden its coverage of major foreign benchmark indices. The new future will be its first derivative based on an Asian equity index.
“The MSCI Japan future extends our existing suite of foreign equity indices, among them the MSCI Russia future”, said Peter Reitz, member of the Eurex Executive Board. “Nowadays, many participants in financial markets invest globally. The Japanese cash market is the largest and most important market in Asia. With our MSCI Japan future we enable our European and US customers, in particular, to better hedge their Japanese equity exposure and offer at the same time new trading opportunities.” He pointed out, that the MSCI Japan index represents approximately 85 percent of the market capitalization of Japanese stocks. The MSCI Japan index comprises nearly 350 of the largest companies listed on the main Japanese cash markets.
The new future will be denominated in US dollar, settled in cash and will have quarterly expiration dates. As underlying it uses the net total return version of the MSCI Japan, which is the standard in the OTC market (Total Return Swaps) as well as with investment funds and exchange-traded funds.
To support order book trading, a market making scheme will be initiated to ensure on-screen liquidity. Trading hours will be from 8 am until 10 pm CET. In order to be in line with the Japanese market, settlement day will be the second instead of the third Friday, usually used for other Eurex index futures.
Source: Eurex