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Short-sellers eye carbon-market bets on hard Brexit
August 29, 2019--Speculators are hoping to reap a windfall by shorting the EU carbon market as traders bet that prices will be hit in the event of a no-deal Brexit.
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Source: FT.com
Monetary developments in the euro area: July 2019
August 28, 2019--Annual growth rate of broad monetary aggregate M3 increased to 5.2% in July 2019 from 4.5% in June
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, increased to 7.8% in July from 7.2% in June
nnual growth rate of adjusted loans to households stood at 3.4% in July, compared with 3.3% in June
Annual growth rate of adjusted loans to non-financial corporations stood at 3.9% in July, unchanged from previous month
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Source: ECB
ING issues ESG-linked interest rate swap
August 26, 2019--Dutch bank takes carrot-and-stick approach on interest rate swap for oil and gas equipment firm
In 2017, ING issued the world's first sustainability'linked loan. This month, it went a step further, putting together the world’s first sustainability-linked interest rate swap, where the rate the client pays goes up or down in line with its environmental, social and governance (ESG) performance.
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Source: risk.net
Deutsche Borse welcomes Tabula as new ETF issuer
August 23, 2019--Since Friday, an ETF of the issuer Tabula ICAV has been tradable on Xetra and the Frankfurt Stock Exchange for the first time. This means that ETFs from a total of 26 different issuers are now listed in Frankfurt.
"We are pleased to have gained Tabula ICAV as another new ETF issuer for Xetra trading. The first ETF from the Tabula product series expands our range of bond ETFs with additional access to the credit default swap market," says Martin Reck, Managing Director Cash Market at Deutsche B&ouuml;rse.
The Tabula J.P. Morgan Global Credit Volatility Premium Index UCITS ETF tracks the difference between realised and implied volatility in the markets for credit default swap (CDS) index options. The index reflects the performance of put options on European and North American High Yield CDS indices and hedges the risk of credit spreads daily through delta hedging.
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Source: Deutsche Börse CAsh Market
Ossiam releases leveraged US Steepener ETF with Solactive index
August 21, 2019--At the moment, the US Treasury yield curve sits in the focus of investors. The reason the curve receives such attention lies in its slope, which is as flat as it was way back in 2007. To grant investors the opportunity to benefit from a potential steepening of the US Treasury yield curve, French Asset Manager Ossiam issued its Ossiam US Steepener UCITS ETF on August 19th at Deutsche Börse Xetra, tracking the Solactive US Treasury Yield Curve Steepener 2-5 vs 10-30 Index.
The strategy of the Solactive US Treasury Yield Curve Steepener 2-5 vs 10-30 Index consists of a long/short strategy, which places a long position in two-year and five-year US Treasury bond futures and a short position in ten-year and thirty-year US Treasury bond futures.
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Source: Solactive AG
Euro area investment fund statistics: second quarter of 2019
August 16, 2019--In the second quarter of 2019 the outstanding amount of shares/units issued by investment funds other than money market funds stood at €12,067 billion, which was €266 billion higher than in the first quarter of 2019.
The outstanding amount of shares/units issued by exchange-traded funds (ETFs) stood at €734 billion, which was €21 billion higher than in the first quarter of 2019.
The outstanding amount of shares/units issued by money market funds was €1,154 billion, €15 billion lower than in the first quarter of 2019.
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Source: ECB
LSE's Longest Glitch in 8 Years Disrupts Trading in Big Stocks
August 16, 2019--Stock trading was delayed for FTSE 100, FTSE 250 members
Outage is also second for U.K. exchange in just over a year.
The London Stock Exchange Group Plc suffered its longest glitch in 8 years, just weeks after the three-century old exchange unveiled plans to become a data and trading powerhouse.
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Source: Bloomberg
Profits at European fund managers forecast to fall 6%
August 10, 2019--Profits at European fund managers look likely to fall by almost 6 per cent this year, adding to pressure on investment companies to cut costs and reduce staff.
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Source: FT.com
Unscheduled free float adjustment of Axel Springer SE in MDAX
August 8, 2019--Changes to be effective as of 13 August 2019
On Thursday, Deutsche Börse announced an unscheduled change to the MDAX index. Due to the acquisition of Axel Springer SE (DE0005501357) by Traviata II S.à.r.l. the free float of Axel Springer changed by more than 10 percentage points.
According to the Guide to the Equity Indices of Deutsche Börse AG, section 5.1.5., the company's free float will be adjusted in the index from the current 48.16 percent to 19.35 percent.
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Source: Deutsche Börse Group
New HSBC ETF on Xetra: Access to companies from Saudi Arabia
August 7, 2019--A new Exchange Traded Fund from HSBC Global Asset Management has been tradable on Xetra and Börse Frankfurt since Wednesday.
The HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF enables investors to participate in the performance of the 30 largest companies in Saudi Arabia.
The weighting of the largest group unit in the benchmark index is limited to 35 per cent and that of all other units to a maximum of 20 per cent.
With 30 components, the ETF covers around 85 per cent of the free float-adjusted market capitalisation in Saudi Arabia. Name Asset class ISIN Ongoing charges Distribution policy Reference index HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF Equity ETF DE000A2PMZG1 0.5 per cent Distributing MSCI Saudi Arabia 20/35 Capped Index The product range in Deutsche Börse's XTF segment currently comprises a total of 1,475 ETFs. With this selection and an average monthly trading volume of around EUR 11 billion, Xetra is the leading trading platform for ETFs in Europe.
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Source: Deutsche Börse Cash Market