Brussels refers LSE-Refinitiv deal for full antitrust investigation
June 22, 2020--Regulators worry a combined group could offer customers preferential data services.
Brussels has sent the London Stock Exchange Group's planned $27bn takeover of Refinitiv for an in-depth antitrust investigation, with
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Source: FT.com
World's first centrally cleared Bitcoin ETN launched on Xetra
June 18, 2020--Easy access to the performance of the crypto currency Bitcoin / product with full physical collateralisation
The BTCetc Bitcoin Exchange Traded Crypto (ISIN: DE000A27Z304) issued by ETC Issuance, which is the world's first centrally cleared Bitcoin tracker, was listed on Xetra today.
The Exchange Traded Note (ETN) was admitted to the Regulated Market of the Frankfurt Stock Exchange and is fully collateralised by Bitcoin."With the new product, investors can easily participate in the performance of the Bitcoin price without having to use unregulated crypto-trading platforms. Separate infrastructure, such as a crypto wallet, is not required," says Michael Krogmann, board member of the Frankfurt Stock Exchange. "With the world's first centrally cleared Bitcoin ETN, we are also setting new standards in the post-trade processing of products on crypto-currencies."
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Source: Deutsche Börse
New Ossiam ETF on Xetra: Eurozone government bonds with low Co2 emissions
June 18, 2020--Since Thursday a new ETF issued by Ossiam is tradable on Xetra and Börse Frankfurt.
The Ossiam Euro Government Bonds 3-5Y Carbon Reduction-UCITS ETF 1C (EUR) gives investors the opportunity to participate in the performance of euro-denominated government bonds with a residual maturity of three to five years.
The investment universe comprises all bonds of the ICE BofAML 3-5 Year Government index. From this, bonds from countries with low carbon values are preferred, so that the ETF has an average carbon value which is 30 per cent lower than the index. The carbon value is based on the per capita Co2 emission values issued by the European Commission.
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Source: Deutsche Börse
The EU's recovery fund proposals: crisis relief with massive redistribution
June 17, 2020--Poorer European Union countries and those hardest hit economically by the COVID-19 crisis could obtain up to 15% of their GNI in grants and guarantees from the EU' proposed recovery instruments.
Yet the proposal would represent a net benefit for all EU countries, even if there is only a small positive economic impact over the long-term. The proposed very long-maturity loans would lead to non-negligible benefits, exceeding 1% of GDP for some countries.
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Source: bruegel.org
Easygainer -Solactive's Food Delivery Index underlines Vontobel's newly issued Index Tracker
June 16, 2020--In recent years, food delivery services have experienced a surge in demand, which has accelerated significantly during the Covid-19 crisis. With paradigm shifts appearing all over society, the trend of ordering food online ought to consolidate further, resulting in an investment opportunity for asset owners, who want to participate in the potential increase in stocks' values, thereby benefiting from this development in the process.
Solactive recently rolled out its Solactive Food Delivery Index, which now serves as the underlying for an index tracker certificate issued by major investment company Vontobel. To develop the index, Solactive utilized its proprietary Natural Language Processing algorithm ARTIS(R) once more.
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Source: Solactive AG
Occupational change, artificial intelligence and the geography of EU labour markets
June 15, 2020--From 2002 up to 2009, the economies of European Union countries went through a skill upgrading, rather than a polarisation between low-skill and high-skill jobs.
After 2009, this changed, with declining real wages and a significant increase in the share of workers in low-skill jobs. This assessment evaluates these changes in connection with labour market variables, population densities and the emergence of machine learning and artificial intelligence.
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Source: bruegel.org
Solactive releases Three Thematic Index Families
June 15, 2020--Solactive's three new families of indices address the following themes -National Defense, Aging of America, and Artificial Intelligence. The indices utilize a proprietary Natural Language Processing algorithm, which identifies the constituents for the new index families through the processing of large data sets.
The Solactive Aging of America Index family includes companies providing either therapy to treat diseases disproportionately affecting seniors or age-restricted services such as senior housing facilities. Companies operating in the field of artificial intelligence, including, for example, those working on the development of machines' ability to perform cognitive tasks commonly attributed to the human brain, are included in the Solactive Artificial Intelligence Index family. The Solactive National Defense Index family comprises companies holding a key exposure to defense-related expenditure by the United States or foreign governments. Furthermore, Solactive constructed overlay indices based on the aforementioned base indices. These overlay indices include a volatility target and are calculated on an excess return basis.
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Source: Solactive AG
Majority of ESG funds outperform wider market over 10 years
June 13, 2020--Study of sustainable funds counters claims that ESG investment comes at the expense of performance
Close to six out of 10 sustainable funds delivered higher returns than equivalent conventional funds over the past decade, according to a study that undermines claims that investing based on environmental, social and governance principles hampers performance.
ESG funds have exploded in popularity in recent years as emergencies such as climate change have pushed individuals to invest according to their values. Despite this, debates have persisted over whether a link exists between investing responsibly and achieving outperformance.
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Source: FT.com
ECB-Euro area securities issues statistics: April 2020
June 12, 2020--The annual growth rate of the outstanding amount of debt securities issued by euro area residents increased from 2.8% in March 2020 to 4.5% in April.
For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 0.0% in April 2020, the same as in March.
Debt securities
New issuance of debt securities by euro area residents totalled EUR 1,003.9 billion in April 2020. Redemptions amounted to EUR 734.4 billion and net issues to EUR 269.5 billion. The annual growth rate of outstanding debt securities issued by euro area residents increased from 2.8% in March 2020 to 4.5% in April.
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Source: ECB
18 years of growth wiped out as lockdown triggers record economic slump
June 12, 2020-Boris Johnson predicts a "bounce back" as the economy reopens following the dire contraction recorded for April
The UK economy suffered its biggest collapse in April as the coronavirus lockdown crushed GDP by more than 20pc.
Added to the fall in output in March, it means deliberate efforts to stop the spread of Covid-19 caused the economy to shrink by a quarter compared with the months before Britons were ordered to stay at home.
It effectively wipes out 18 years of economic growth, taking monthly GDP down to levels last seen in early 2002.
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Source: telegraph.co.uk
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