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Osmosis Investment Management to launch climate solutions ETF
December 9, 2009--Osmosis Investment Management has launched the Osmosis Climate Solutions ETF.
The exchange-traded fund will give investors access to a broad range of global companies whose primary business is to create technologies, products and solutions that help the world move towards a more sustainable, low carbon economy.
The ETF will track the Osmosis Climate Solutions Index, which was developed with the assistance of HSBC’s quantitative techniques business. The index comprises 100 companies with more than 50 per cent of earnings derived from products or services focused on the efficient use of natural resources and the mitigation of climate change. The universe is further screened for liquidity, and weighted to provide diversified global exposure to climate solution technologies.
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Source: ETF Express
NASDAQ OMX Launches New Swedish Portfolio Index
December 9, 2009--The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces that it has launched a new portfolio index for the Swedish equity market, the OMX Stockholm All-Share Cap GI Index (OMXSCAPGI). The weight of the shares included in the index is based on the company's total market value but limited to ten percent to comply with the fund rules in the EU directive UCITS .
“The index represents all shares listed on NASDAQ OMX Stockholm and is a great indicator of the overall market performance,” said Magdalena Hartman, Vice President NASDAQ OMX Global Index Group. “The UCITS compliance will allow the index to serve as an excellent benchmark for funds investing in the Swedish equity market.”
The OMX Stockholm All-Share Cap GI Index is calculated as a total return, market capitalized weighted index where the constituents are weight limited in order to comply with the UCITS directive. The index rule book is transparent and market adapted. The index has a very high correlation of 0.9999 with the uncapped total return version of OMX Stockholm All-Share.
The index has a base date of December 29, 2006 with a base value of 100 and historical data available from that date. The index value is updated once a minute and it currently holds 288 constituents.
Source: NASDAQ OMX
European DJ STOXX 600 Sector ETF Net Flows, week ending 04-Dec-09
December 9, 2009--Highlights
Last week saw US$116.3 Mn net inflows to DJ STOXX 600 sector ETFs. The largest sector ETF inflows last week were in Telecommunications with US$109.7 Mn and Banks with US$24.9 Mn while Insurance experienced net outflows of US$26.0 Mn.
Year-to-date, Telecommunications has been the most popular sector with US$550.6 Mn net new assets, followed by Basic Resources with US$458.3 Mn net inflows. Travel & Leisure sector ETFs have been the least popular with US$16.8 Mn net outflows YTD.
Visit Blackrock for more information.
Source: ETF Research and Implementation Strategy Team, Blackrock
Lyxor ETFs surpass EUR30bn in assets under management
December 8, 2009--Lyxor Asset Management, Société Générale’s wholly-owned subsidiary, surpassed EUR30bn in exchange-traded fund assets under management in November 2009.
Total ETF AUM reached EUR31.08bn as of 30 November 2009, representing a 30.92 per cent rise from EUR23.74bn a year earlier.
In addition, Lyxor had net new assets of EUR772m in November across its equity, fixed income and commodities ETFs.
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Source: ETF Express
BATS Europe Publishes "Listing Market Outages: A Continuity and Price Formation Study
December 8, 2009--Analysis finds that alternative trading venues provide good price formation and liquidity, even in the event of listing market outage.
view the Listing Market Outages: A continuity and price formation study
Source: BATS Europe
FESE European Equity Market Report – November 2009 Figures
December 8, 2009--The ‘European Equity Market Report’ which gathers data from all the market segments operated by FESE members (including Regulated Markets and Multilateral Trading Facilities) as well as from the major MTFs operated by investment firms in the European market is now available.
The FESE Statistics Methodology used in the Report has been agreed by all the trading venues involved, both RM and MTFs.
view European Equity Market Report - Year 2009
Source: FESE
Bank of Ireland Securities Services has launched a pan-European exchange traded fund settlement platform for ETF issuers, called BoISS ETP Direct.
Bank of Ireland Securities Services has launched a pan-European exchange traded fund settlement platform for ETF issuers, called BoISS ETP Direct.
December 8, 2009--The product is designed to permit ETFs to settle delivery against payment directly in multiple jurisdictions across the European Union.
Fearghal Woods, director of business development of Bank of Ireland Securities Services, said: "The product is designed to provide a more transparent, cost effective and efficient ETF settlement mechanism across the European depositary network."
The platform is expected to streamline the trading activities of ETF market makers through reducing costs, minimising risks and improving timeliness of settlement.
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Source: FT.com
HSBC lists three ETFs on the NYSE Euronext HSBC CAC 40 ETF NYSE Euronext now has 492 listings of 444 ETFs based on more than 290 indices. So far this year, 102 ETFs have been listed on NYSE Euronext’s European markets. HM Treasury publishes details of Asset Protection Scheme
The Treasury has also announced the launch of the Asset Protection Agency that will administer the scheme in order to protect the taxpayer’s interest.
“The Government’s decisive action to stabilise the financial system has succeeded in protecting the savings of British families. We have strived throughout our interventions to ensure maximum value for the taxpayer, charging commercial rates for our support for the banks and making supported firms pick up the tab for extra operating costs.
“The agreement we have reached with RBS follows this approach. This final agreement sees a much-improved position for the taxpayer compared to the initial deal announced in February. RBS will bear a much greater share of the burden, with the first loss increasing by £18bn. The bank will also pay the full operational costs of the Asset Protection Agency. view the Detailed information about the Asset Protection Scheme (APS), inlcuding a list of assets protected under the scheme and a framework for the Asset Protecton Agency
16.4 million electronic equity trades in November
UK Cash Equities
During the month, the average daily value traded on the UK equity order book was £3.8 billion (€4.3 billion), a decrease of 29 per cent year on year, while the average daily number of trades was 509,078, down 30 per cent on the same month last year. read more
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December 8, 2009-- NYSE Euronext is pleased to announce that a new issuer, HSBC ETFs, has listed its first three ETFs on the NYSE Euronext European markets today:
HSBC FTSE 100 ETF
ISIN: IE00B42TW061
Ticker:UKX
Bloomberg Ticker: UKX FP
HSBC DJ EURO STOXX 50 ETF
Ticker:50E
Bloomberg Ticker:50E FP
ISIN: IE00B4L49M32
Ticker:K40
Bloomberg Ticker: K40 FP
Source: NYSE Euronext
December 7, 2009--The Treasury has today published its final agreement with the Royal Bank of Scotland on the bank’s participation in the Asset Protection Scheme, along with further detail of the scheme’s operation and the assets it covers.
Financial Services Secretary to the Treasury Paul Myners said:
Source: HM Treasury
Year on year trading growth in Italian equities, derivatives, fixed income and ETFs and ETCs
December 7, 2009--
A total of 16.4 million equity trades with a combined value of £149.0 billion (€165.7 billion) were carried out across the electronic order books of London Stock Exchange Group during November. The average daily number of trades was 781,875, 21 per cent lower than November 2008, while the average daily value traded was £7.1 billion (€7.9billion), a decrease of seven per cent on the same month last year.
Increased trading activity in the Italian equity market and a recovery in the FTSE MIB index led to 38 per cent year on year growth in the average daily value traded on the Italian equity order book, while the average daily number of trades was up three per cent. A number of the Group’s other markets also recorded strong performances during the month, with the total number of trades in derivatives, ETFs and ETCs, and on the MTS cash markets growing by 77 per cent, 91 per cent and 60 per cent respectively on last year.
The total value traded on the UK order book in November was £80.4 billion (€89.4 billion) and the total number of trades was 10.7 million.
Source: London Stock Exchange Group
