French regulator issues minimum ESG reporting standards for sustainability funds
March 13, 2020--Rules immediately apply to all new funds sold in France.
France's securities regulator, the AMF (Autorité des Marchés Financiers) has issued a set of minimum standards to test what fund managers tell investors in their marketing about their ESG approaches against what it actually means for their investments.
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Source: responsible-investor.com
New Invesco ETF on Xetra: Sustainable stocks from the USA
March 13, 2020--Since Friday a new Exchange Traded Fund issued by Invesco is tradable via Xetra and Börse Frankfurt.
With the Invesco S&P 500 ESG UCITS ETF (Acc), investors can participate in the performance of the largest listed US companies in accordance with sustainability criteria.
The S&P 500 ESG Index contains 75 per cent of the shares allocated to each sector, measured by market capitalisation. The underlying share universe is thereby held in a diverse range. Securities whose business activities are associated with weapons or tobacco or are not in line with the principles of the United Nations Global Compact are filtered out.
Name: Invesco S&P 500 ESG UCITS ETF (Acc)
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Source: Xetra
ECB-Monetary policy decisions
March 12, 2020--At today's meeting the Governing Council decided on a comprehensive package of monetary policy measures:
(1) Additional longer-term refinancing operations (LTROs) will be conducted, temporarily, to provide immediate liquidity support to the euro area financial system.
Although the Governing Council does not see material signs of strains in money markets or liquidity shortages in the banking system, these operations will provide an effective backstop in case of need. They will be carried out through a fixed rate tender procedure with full allotment, with an interest rate that is equal to the average rate on the deposit facility. The LTROs will provide liquidity at favourable terms to bridge the period until the TLTRO III operation in June 2020.
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Source: ECB
New iShares ETF on Xetra: emerging market corporate bonds
March 11, 2020--Since Wednesday, a new Exchange Traded Fund of iShares has been tradable on Xetra and Börse Frankfurt.
With the iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc), investors can participate in the performance of US dollar-denominated corporate bonds and quasi-government bonds from emerging markets such as China, Brazil and India.
The investment universe includes both bonds with investment grade status and high yield bonds. The allocation of income is reinvested. In addition, investors are hedged against potential exchange rate risks against the euro.
Name: iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)
Asset class: Bond ETF
ISIN: IE00BKT1CS59
Ongoing charges: 0.53 per cent
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Source: Xetra
ECB-Euro area securities issues statistics: January 2020
March 11, 2020--The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 3.1% in January 2020, the same as in December.
For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 0.0% in January 2020, the same as in December.
Debt securities
New issuance of debt securities by euro area residents totalled EUR 816.2 billion in January 2020. Redemptions amounted to EUR 674.0 billion and net issues to EUR 142.2 billion.
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Source: ECB
New EU strategy to decarbonise Europe's economy
March 10, 2020--The EU Commission unveiled a new industrial strategy for Europe Tuesday to help industry's transitions towards climate neutrality and digitalisation, and boost its competitiveness and strategic autonomy.
The package of initiatives sets out a range of actions to support European industry, including big and small companies, innovative start-ups, research centres, service providers, suppliers and social partners.
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Source: eubusiness.com
New BNP Paribas Easy ETF on Xetra: European property companies and listed REITs
March 10, 2020--Since Wednesday, a new Exchange Traded Fund of iShares has been tradable on Xetra and Börse Frankfurt.
With the iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc), investors can participate in the performance of US dollar-denominated corporate bonds and quasi-government bonds from emerging markets such as China, Brazil and India.
The investment universe includes both bonds with investment grade status and high yield bonds. The allocation of income is reinvested. In addition, investors are hedged against potential exchange rate risks against the euro.
Name: iShares J.P. Morgan $ EM Corp Bond UCITS ETF EUR Hedged (Acc)
Asset class: Bond ETF
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Source: Deutsche Börse Cash Market
ESMA Newsletter-N0. 12
March 9, 2020--The ESMA Newsletter-N0. 12 is now available.
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Source: ESMA
FCA begins review on data in wholesale markets
March 9, 2020--The Financial Conduct Authority (FCA) has today begun a review into the use and value of data and advanced analytics in wholesale financial markets, both now and in the future.
The FCA is using its Call for Input (CFI) to better understand how data and advanced analytics are being accessed and used, the value offered to market participants and whether they are competitively sold and priced.
The FCA will use its CFI to determine whether it needs to do further work to address any harm that it identifies.
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Source: fca.org.uk
New iShares ETF on Xetra: Sustainable US corporate bonds
March 6, 2020--Since Friday, a new iShares ETF has been tradable via Xetra and Börse Frankfurt.
With the iShares $ Corp Bond ESG UCITS ETF USD (Dist), investors can participate in the performance of fixed-interest corporate bonds denominated in US dollars. The investment universe includes bonds with an investment grade status, a remaining maturity of at least one year and a minimum outstanding amount of $300 million.
The benchmark index excludes companies with products that have a negative social or environmental impact. These include producers of alcohol, tobacco, gambling, adult entertainment, genetically modified organisms, nuclear power and weapons.
Name: iShares $ Corp Bond ESG UCITS ETF USD (Dist)
Asset class: Bond ETF
ISIN: IE00BK4W7N32
Ongoing charges: 0.15 per cent
Distribution policy: Distributing
Reference index: BBG Barclays US Corporate Sustainable SRI Index
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Source: Xetra