Italy Still Is Europe's Debt King, But France Gets Closer
March 26, 2019--Italy remained the holder of Europe's biggest public-debt burden in 2018 even after France's rose to almost match it.
France's debt reached 2.3153 trillion euros ($2.62 trillion), just 1.4 billion euros below its southern neighbor's.
view more
Source: bloomberg
New theme ETFs from Lyxor on Xetra: Gender Equality ETF and MSCI China
March 26, 2019--Two new Exchange Traded Funds from Lyxor International Asset Management have been available for trading on Xetra and Börse Frankfurt since Wednesday.
The Lyxor Global Gender Equality (DR) UCITS ETF offers investors access to leading companies that demonstrate a very high level of gender equality.
The reference index comprises 150 companies worldwide, which are especially well rated according to the 19 defined criteria of Equileap, an independent research organisation for gender equality.
Companies that are involved in weapons, gambling and tobacco or are on the list of the Norwegian Ethics Council are excluded.
With the Lyxor MSCI China UCITS ETF – Acc, investors receive a diversified investment in the performance of Chinese equity companies. The reference index comprises companies with high and medium market capitalisation and covers 85 per cent of the stock market of the People's Republic of China with over 450 components.
view more
Source: Deutsche Börse Cash Market
Tokeny Announces European Launch of investorID
March 25, 2019--European Launch
Tokeny has just announced the European launch of their anticipated identification services. Increased adoption of, and acceptance towards, digital securities is being witnessed across Europe.
This means that services such as investorID are imperative to maintain adherence to enforced regulations.
Compliant Access
The digital security sector does not reside in relative anonymity to the extent that cryptocurrencies do. The entire lifecycle of digital securities is tracked right from their creation, to their distribution, and trading.
view more
Source: securities.io
Invesco unveils two low-cost UK gilts ETFs
March 25, 2019--Ongoing charge of just 0.06%
Invesco is launching two low-cost UK gilts ETFs on the London Stock Exchange at an ongoing charge of just 0.06% per annum.
According to the firm, the two funds offer investors the lowest-cost exposure to UK gilts of all products available in Europe.
The new funds follow the launch of Invesco's Treasury Bond ETF range, which raised more than $1bn in assets in just over a month.
view more
Source: investmentweek.co.uk
Monday Morning Memo: Bonds were European Investors Darlings in February
March 25, 2019--The negative trend with regard to fund flows in Europe continued in February even as the securities markets rebounded. As a consequence, February was the tenth month in a row long-term mutual funds posted net outflows after 16 consecutive months of net inflows.
Given the current interest rate environment, it was surprising that bond funds (+€7.6 bn) were the best-selling asset type in the segment of long-term mutual funds, followed by real estate funds (+€0.2 bn) and "other" funds (+€0.1 bn). All other asset types faced outflows: alternative UCITS funds (-€8.6 bn), equity funds (-€4.2 bn), mixed-asset funds (-€3.3 bn), and “other” funds (-€0.8 bn).
These fund flows added up to overall net outflows of €8.9 bn from long-term investment funds for February. ETFs contributed inflows of €14.1 bn to these flows.
view more
Source: Detlef Glow, Refinitiv
Flow Traders publishes its 2019 Convening Notice for the Annual General Meeting of Shareholders
March 25, 2019--Flow Traders N.V. (Euronext: FLOW) is pleased to announce that its Annual General Meeting of Shareholders (General Meeting) will take place on Wednesday, 8 May 2019 at 15.00 hours Amsterdam time at the INIT building, Jacob Bontiusplaats 9 in Amsterdam (The Netherlands).
The convening notice, agenda and other documentation relating to the General Meeting, as well as information on how to register for the General Meeting, is in English and available on our website:
www.flowtraders.com/investors
Source: FlowTraders
Britain's financial sector has gloomiest outlook since 2008 crisis: survey
March 24, 2019--Optimism about the business outlook among Britain's financial services firms has fallen at its fastest rate since the 2008 financial crisis amid concerns about Britain's exit from the European Union, a survey showed on Monday.
Business volumes among the 84 top financial firms polled have also fallen at their fastest rate since September 2012, the survey by the Confederation of British Industry and accounting firm PwC showed.
view more
Source: Rueters
European Council (Art. 50) conclusions. 21 March 2019
March 22, 2019--
1. The European Council takes note of the letter of Prime Minister Theresa May of 20 March 2019.
2. In response, the European Council approves the Instrument relating to the Withdrawal Agreement and the Joint Statement supplementing the Political Declaration agreed between the European Commission and the government of the United Kingdom in Strasbourg on 11 March 2019.
The European Council agrees to an extension until 22 May 2019, provided the Withdrawal Agreement is approved by the House of Commons next week. If the Withdrawal Agreement is not approved by the House of Commons next week, the European Council agrees to an extension until 12 April 2019 and expects the United Kingdom to indicate a way forward before this date for consideration by the European Council.
view more
Source: European Council
BlackRock to buy software firm eFront for $1.3bn
March 22, 2019--BlackRock will pay $1.3 billion in cash for French software firm eFront, an end-to-end alternative investment management software firm.
BlackRock is to buy alternative investments-focused French software provider eFront for $1.3bn.
The asset manager will combine e-Front with its Aladdin risk analytics platform...
view more
Source: citywireusa.com
FCA to introduce UK Benchmarks Register
March 22, 2019--The FCA continues to plan for a range of outcomes in relation to Brexit, including the UK leaving the EU without an implementation period. To prepare for this scenario, the FCA has developed a new UK Benchmarks Register.
The new Register will replace the ESMA Register for UK supervised users, and UK and third-country based benchmark administrators that want their benchmarks to be used in the UK.
The new UK Benchmarks Register will include benchmark administrators and third-country benchmarks. Benchmarks Administrators
The Benchmarks Administrators Register is a public record of all benchmark administrators that are:
authorised, registered or recognised by the FCA
outside the UK and have notified the FCA that they benefit from an equivalence decision that has been adopted by the UK.
view more
Source: fca.org.uk