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New Invesco-ETF on Xetra: US government bonds with currency hedging
March 18, 2019--A new Invesco Exchange Traded Fund has been tradable on Xetra and Börse Frankfurt since Monday.
The Invesco US Treasury Bond 7-10 Year UCITS ETF-EUR Hdg Dist enables investors to participate in the performance of tradable government bonds issued by the US government.
The included securities are denominated in US dollars, have an investment grade rating of at least Baa3/BBB-/BBB-, an outstanding nominal value of at least USD 300 million and a remaining term of seven to ten years. The benchmark index excludes inflation-linked bonds, floating rate bonds, STRIP bonds and treasury bills.
The ETF applies a hedging strategy to minimize the foreign exchange risk between the base currency of the index components and the euro.
Name: Invesco US Treasury Bond 7-10 Year UCITS ETF-EUR Hdg Dist
Asset class: Bond ETF
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Source: Source: Deutsche Börse Group
Monday Morning Memo: Review of the European ETF Market, February 2018
March 18, 2019--The promoters of ETFs in Europe enjoyed net inflows for February. These inflows led, in combination with a positive performance of the underlying markets, to increased assets under management in the European ETF industry. In more detail, the assets under management in the European ETF industry increased from €675.1 bn as of January 31, 2019, to €707.3 bn at the end of February.
The increase of €32.2 bn for February was driven by the performance of the underlying markets (+€18.1 bn), while net sales contributed inflows of €14.1 bn to assets under management in the European ETF segment.
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Source: Refinitiv
The public is losing patience: MPs must vote for May's Brexit deal
March 16, 2019--Brexiters face a rearguard action that could prevent the UK from leaving the EU at all
Scenes in the House of Commons this week were redolent of crisis. Ministers disregarding collective responsibility with impunity; the government in headlong retreat; and once-great parties competing to outdo each other in splits.
But all the UK is doing, for heaven's sake, is leaving the EU...
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Source: FT.com
Fund groups must put investors first...and prove it
March 16, 2019--Independent directors and yearly audits will add extra transparency to asset management
The UK financial regulator's landmark report into the asset management sector in 2017 sent a scathing message: fund fees are too high and investment companies fail to give good value to investors.
Nearly two years on, fund groups have a chance to prove the Financial Conduct Authority wrong...
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Source: FT.com
First Equity-ETF focused on blockchain launched on Xetra
March 15, 2019--A new Invesco Exchange Traded Fund has been tradable on Xetra and Börse Frankfurt since Friday.
The Invesco Elwood Global Blockchain UCITS ETF Acc gives investors for the first time the opportunity to participate in the performance of companies worldwide that participate in the blockchain ecosystem.
The reference index includes companies that participate in blockchain related activities such as cryptomining (i.e., the process of creating crypto currencies) as well as blockchain-related financial services, payment systems, technology solutions and other areas. The weighting of the index is measured using a so-called "blockchain category score", which ranges from 1 (potential exposure) to 5 (core exposure).
Name: Invesco Elwood Global Blockchain UCITS ETF Acc
Asset class: Equity ETF
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Source: Deutsche Börse Group
ESMA clarifies endorsement of UK credit ratings in case of a no-deal Brexit
March 15, 2019--The European Securities and Markets Authority (ESMA) has issued today a statement which sets out the implications for credit rating agencies (CRAs) based in the United Kingdom (UK), including the endorsement of UK credit ratings, should the UK withdraw from the European Union (EU) without a withdrawal agreement (no-deal Brexit).
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Source: ESMA
London Stock Exchange ETP February 2019 Monthly Report
March 15, 2019--Listings
24 new ETFs were listed in February 2019.
There are now 1,187 ETFs (available as 1,728 lines through multi-currency offerings) and 463 ETCs/ETNs (available as 556 lines) on our London market.
iShares launched its Electric Vehicles and Driving Technology UCITS ETF. The fund seeks to track the investment results of an index composed of developed and emerging market companies that focus on electric vehicles and driving technologies.
Vanguard launched its Emerging Markets Government Bond UCITS ETF. The fund seeks to track the performance of the index, a widely recognised benchmark designed to reflect the total universe of US Dollar-denominated publicly-traded debt (with maturities greater than one year and which have a minimum issue size of $500m) issued by sovereign and quasi-sovereign emerging market issuers.
Tabula launched its Tabula European iTraxx Crossover Credit Short UCITS ETF. The fund aims to track the iTraxx European Crossover Credit Short index, which provides short exposure to high yield European corporate credit.
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Source: London Stock Exchange Group
U.K. Parliament Votes to Delay Brexit as Turmoil Drags On
March 15, 2019--Extension could play to Theresa May's advantage, allowing her to press euroskeptics to support her Brexit deal
British lawmakers voted to delay the U.K.'s departure from the European Union, setting up Prime Minister Theresa May for a pivotal week ahead in which she will likely aim to coerce recalcitrant elements of her Conservative Party into backing a deal they have soundly rejected twice.
Mrs. May is preparing to try one more time next week before she negotiates with the EU over an extension beyond the scheduled exit date of March 29, according to people familiar with the matter. Her hope is that lawmakers who want a pure break with...
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Source: Wall Street Journal
Mifid II data reporting falls behind as clocks spring forward
March 15, 2019--European regulators' efforts to collect more data on stock trading in the region have hit a curious snag-the changing of the clocks.
Under the European Union's revised Markets in Financial Instruments Directive, which came into force in early 2018, trading venues are required to publish price data at various points throughout the day to help banks determine the best way to deal on behalf of fund managers.
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Source: fnlondon.com
March 14, 2019--The European Securities and Markets Authority (ESMA) has carried out an analysis of the regulatory and supervisory technologies currently being developed in response to various demand and supply drivers. The results of this analysis are presented in an article in the latest Trends, Risks and Vulnerabilities (TRV) Report .
ESMA finds that on the demand side, regulatory pressure and budget limitations are pushing the market towards an increased use of automated software to replace human decision-making activities. This trend is reinforced by supply drivers such as increasing computing capacity and improved data architecture.
Source: ESMA