New Vanguard ETF on Xetra: US corporate bond with investment grade rating
June 13, 2019--Since Thursday a new Vanguard Exchange Traded Fund is tradable via Xetra and Börse Frankfurt.
The Vanguard USD Corporate Bond UCITS ETF-(USD) offers an investment in the performance of US corporate bonds.
The underlying Bloomberg Barclays Global Aggregate Corporate-United States Dollar Index contains bonds from various sectors with a minimum maturity of one year and an investment grade rating. Inflows to the ETF are reinvested.
Name: Vanguard USD Corporate Bond UCITS ETF-(USD)
Asset class:Bond ETF
ISIN: IE00BGYWFK87
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Source: Deutsche Börse Cash Market
U.S. politics gives euro's global use a boost: ECB
June 13, 2019--The global use of the euro currency surged from record lows last year, mostly on a flight from the dollar due to the volatility of American politics and concerns about rising U.S. interest rates, the European Central Bank said on Thursday.
Demand for the euro, the world's second most widely used currency after the dollar, fell to historic lows over the past decade. Its rebound suggests both concerns about U.S. politics and growing confidence about view more
Source: Reuters
CryptoCompare Launches Exchange Benchmark in Response to Concerns Over False Volume Reporting
June 12, 2019--London-based crypto data provider CryptoCompare has launched an Exchange Benchmark product that ranks over 100 crypto spot exchanges worldwide. The news was revealed in a press release shared with Cointelegraph on June 12.
According to CryptoCompare, the new product has been launched in response to growing industry concern sparked by research indicating that a significant number of crypto exchanges globally have been using wash trading and other strategies-including spoofing and incentivized trading schemes-to artificially inflate trade volumes.
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Source: cointelegraph.com
IMF Executive Board Concludes 2019 Article IV Consultation with Norway
June 12, 2019--On June 10, 2019, the Executive Board of the International Monetary Fund (IMF) concluded its 2019 Article IV consultation [1] with Norway.
Norway's economic momentum remains strong, supported by higher oil prices, competitiveness gains stemming from the weaker krone, and a robust labor market.
After growing by 2.2 percent in 2018, mainland economic activity is expected to accelerate further and rise by about 2.5 percent this year, before growth slows to 2.1 percent in 2020.view more
Source: IMF
IMF Departmental Papers/Policy Papers-Trade Tensions, Global Value Chains, and Spillovers: Insights for Europe
June 12, 2019--Summary:
Europe is deeply integrated into global value chains and recent trade tensions raise the question of how European economies would be affected by the introduction of tariffs or other trade barriers.
This paper estimates the impact of trade shocks and growth spillovers using value added measures to better gauge the associated costs across European countries.
Norway's Economic Outlook in Seven Charts
June 12, 2019--Norway's economy has performed well over the past year, especially compared to its neighbors. It is enjoying low unemployment and a broadly neutral budget, while its economy continues to grow. Given its strong momentum, now would be the ideal time for the country to address long-term challenges, suggests the IMF in its latest assessment of the Norwegian economy.
Here are seven charts that tell the story.
Growth in many advanced economies has slowed, but Norway's economy continues to expand strongly. The weaker krone is helping exporters, low unemployment is boosting incomes, and oil prices remain materially above break even levels, supporting investment. Although global trade tensions and uncertainty about European growth cloud the horizon, Norway's outlook remains positive.
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Source: IMF
Ossiam lists low carbon ESG ETF on LSE
June 11, 2019--Ossiam, the affiliate of Natixis Investment Managers, has launched its US ESG Low Carbon Equity Factors Ucits ETF on the London Stock Exchange.
The fund uses a quantitative strategy to select small to large cap US equities based on environmental, social and governance characteristics and exposure to equity factors that are deemed to deliver alpha over the long term.
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Source: investmenteurope.net
New UBS ETF on Xetra: Companies worldwide
June 11, 2019--A new Exchange Traded Fund from UBS Global Asset Management has been available for trading on Xetra and Börse Frankfurt since Tuesday.
With the UBS (Irl) ETF plc-MSCI World UCITS ETF (USD) A-acc, investors have access to the stocks of the MSCI World Index, which tracks the performance of large and medium-sized companies from 23 industrialised countries.
The reference index comprises nearly 1,700 equities weighted by market capitalisation.
Incoming profits such as dividends are reinvested.
Name: UBS (Irl) ETF plc- MSCI World UCITS ETF (USD) A-acc
Asset class: Equity ETF
ISIN: IE00BD4TXV59
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Source: Deutsche Börse Cash Market
ESMA to address regulatory concerns over Frequent Batch Auctions
June 11, 2019--The European Securities and Markets Authority (ESMA) has today published its Final Report on Frequent batch auctions (FBAs). ESMA identified four main characteristics of FBA trading systems through its call for evidence and intends to issue supervisory guidance on pre-trade transparency and on the price determination process of FBAs.
The Final Report also includes the feedback received to the call for evidence and presents an analysis of developments in equity trading.
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Source: ESMA
New EU shareholders' rights rules enter into force
June 10, 2019--The new Shareholder Rights Directive, which entered into force on Monday, addresses corporate governance shortcomings that contributed to the financial crisis, says the EU Commission.
Under the revised Directive, institutional investors and asset managers are required to be transparent about their investment and engagement policy, and to disclose how they take social and environmental impact into account.
There are also new transparency requirements for proxy advisers who advise institutional investors on how to vote in companies' general meetings. With the new rules, the remuneration policy of companies will be more transparent, as will be the actual remuneration of directors.
view the Company Law and Corporate Governance EU rules
Source: EUbusiness
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