New VanEck ETF on Xetra: Video Gaming and eSports as passive investment product for the first time in Europe
June 26, 2019--A new VanEck Vectors Exchange Traded Fund has been tradable on Xetra and the Börse Frankfurt since Wednesday.
With the VanEck Vector Video Gaming and eSports UCITS ETF, investors can participate in the performance of the global video gaming and eSports segment for the first time in Europe.
The underlying MVIS Global Video Gaming and eSports Index includes companies that generate at least 50 per cent of their revenues from the development of video games, eSports and related software and gaming hardware. This ETF investment uses the proceeds as reinvestment.
Name: VanEck Vectors Video Gaming and eSports UCITS ETF
Asset class: Equity ETF
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Source: Deutsche Börse Cash Market
New iShares ETF on Xetra: Investment in the Chinese Stock Market
June 25, 2019--A new iShares ETF is tradable on Xetra and Börse Frankfurt since Tuesday.
The iShares MSCI China UCITS ETF offers an investment in the performance of high and mid cap companies of the Chinese stock Market.
The underlying MSCI China Index includes A, B and H shares of companies domiciled in the People's Republic of China (PRC). In addition, the index includes securities of companies located outside the PRC that derive a large part of their income from the PRC or can allocate assets to it, so-called P- and Red Chips. Shares of foreign listed Chinese companies are also included, if they are listed on at least one of the stock exchanges in Shanghai, Shenzhen and Hong Kong and are denominated in renminbi, US dollar or Hong Kong dollar. Inflows to the ETF are reinvested. Name: iShares MSCI China UCITS ETF
Asset class: Equity ETF
ISIN: IE00BJ5JPG56
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Source: Deutsche Börse Cash Market
Redefining Europe's economic sovereignty
June 25, 2019--This Policy Contribution delves into the position of the EU in the current global order. China and the United States increasingly trying to gain geopolitical advantage using their economic might. The authors examine the specific problems that China and the US pose for European economic sovereignty, and consider how the EU and its member states can better protect European economic sovereignty.
Europeans like to believe the European Union has the collective economic size and capacity to determine its own economic destiny. But the behaviour of others global powers is increasingly calling this ability into question. China and the United States, especially, do not separate economic interests from geopolitical interests in the same way the EU does. They are increasingly using economic connections, from cyberspace to financial links, to gain geopolitical advantage or to serve geopolitical goals.
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Source: bruegel.org
Tabula brings five ETFs to BX Swiss
June 24, 2019--Tabula Investment Management has entered the Swiss market by launching five ETFs on the BX Swiss exchange, giving investors access to products targeting credit, high yield credit and volatility risk premia.
The products include:
TECC: Diversified long exposure to European high yield credit via protection seller position on iTraxx Crossover 5yr with minimal interest rate duration
TECS: Inverse European high yield credit via protection buyer position on iTraxx Crossover 5yr with minimal interest rate duration
TCEP: Diversified long exposure to primarily investment grade European credit via protection seller position: 80% iTraxx Main 5yr / 20% iTraxx Crossover 5yr with minimal interest rate duration
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Source: investmenteurope.net
STOXX wins multi-billion landmark deal with four German pension funds for sustainable, climate-friendly global index solutions
June 24, 2019--STOXX Ltd., the operator of Deutsche Boerse Group's index business and a global provider of innovative and tradable index concepts, has won a request for proposal to license four low-carbon sustainability indices to the pension funds of four states in Germany: Baden-Wuerttemberg, Brandenburg, Hesse, and North Rhine-Westphalia.
The deal entails over EUR 7 billion in replicating assets. "Sustainability is our guiding principle, and we also apply that to our investments," said Gisela Splett, Permanent Secretary for Finance in Baden-Wuerttemberg. "We invest our assets responsibly: profitably, safely and with due regard to sustainability aspects." "This mandate win is a landmark for STOXX, because we won the trust of four large public investors at the same time. It underscores STOXX's leading position in the ESG and sustainability space. Responsible investing continues to grow, transforming the way the asset-management industry allocates capital and leaving a mark on our world.
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Source: Deutsche Börse Group
Monday Morning Memo: European Fund-Flow Trends-Bonds Weathered the Storm in May
June 24, 2019--The negative fund-flows trend in Europe continued in May. As a consequence, May was the thirteenth month in a row long-term mutual funds posted net outflows after 16 consecutive months of net inflows.
Taking the current interest rate environment into account, it was surprising that bond funds (+€5.0 bn) were once again the best-selling asset type in the segment of long-term mutual funds, followed by real estate funds (+€1.0 bn) and commodity funds (+€0.3 bn). All other asset types faced outflows: equity funds (-€22.0 bn), alternative UCITS funds (-€5.7 bn), mixed-asset funds (-€5.2 bn), and “other” funds (-€0.4 bn).
These fund flows added up to overall net outflows of €27.0 bn from long-term investment funds for May. ETFs contributed inflows of €2.3 bn to these flows.
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Source: Refinitiv
IMF Country Report-Switzerland: Selected Issues
June 24, 2019--THE SWISS FRANC-LIVING IN A MULTIPOLAR WORLD1
A. Introduction
1. With Switzerland being a globally integrated small open economy, major international currencies and their associated monetary policies likely provide important reference points for the Swiss franc and the operation of Swiss monetary policy.
Nonetheless, the behavior of the Swiss franc relative to the US dollar and to the euro has shifted significantly during
the past decade:
Before 2010, the franc was relatively stable against the euro, while its movements against the US dollar paralled those of the euro vis-a-vis the dollar;
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Source: IMF
UK equity income funds suffer 18.4bn pounds of net outflows
June 23, 2019--The funds often invest in sectors such as energy, pharma and consumer goods, industries perceived as reliable in returning profits to shareholders.
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Source: FT.com
New Vanguard ETFs on Xetra: Global Bonds
June 21, 2019--Since Thursday two new Exchange Traded Funds from Vanguard are tradable via Xetra and Börse Frankfurt.
The Vanguard Global Aggregate Bond UCITS ETFs offer an investment in the performance of global government and corporate bonds with a maturity of at least one year.
The ETFs invest in bonds that are not denominated in euros and are hedged against currency fluctuations.
Investors can choose between a distributing and an accumulating share class.
Name: Vanguard Global Aggregate Bond UCITS ETF
Asset class: Bond ETF
ISIN: IE00BG47KB92
Ongoing charges: 0.10 per cent
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Source: Deutsche Börse Cash Market
Swiss-EU bourse battle breaks out over stalled treaty
June 21, 2019--Investors in the European Union and Switzerland will lose direct access to each others' stock exchanges from July 1 in an escalating row over a stalled partnership treaty.
Frustrated with Swiss foot-dragging, the European Commission will not propose extending the equivalence regime that lets EU investors trade on Swiss bourses, effectively ending it as of July 1, an EU diplomat told Reuters on Friday.
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Source: Reuters
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