Lyxor-Money Monitor February 2019 European ETFs flows accelerate
March 13, 2019--Net new assets in the European ETF market accelerated in February to reach €13.7bn. All categories (equities, fixed income, commodities and smart beta) enjoyed a positive month for the first time since last February. Equities attracted most of the inflows (€8.2bn) with three regions standing out: developed markets (+€2.8bn), global equities (+€3.4bn) and emerging markets (+€1.9bn).
Fixed income ETFs continued to enjoy massive inflows (+€5.4bn) driven by corporate bonds and emerging market government bonds (+€1.8bn and +€1.4bn respectively). Flows into Smart Beta strategies slowed but remained positive (+€462m) and commodities (+€200m) finally ended a month in the black after seven successive negative months
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Source: Lyxor
IMF-Greece: Economy Improves, Key Reforms Still Needed
March 12, 2019--Greece has now entered a period of economic growth that puts it among the top performers in the eurozone. It must now persevere with efforts to address crisis legacies and pursue needed reforms to ensure continued success, says the IMF in its recent assessment of the country's economy.
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Source: IMF
Business 'exasperated' after Brexit vote
March 12, 2019--Business groups are "exasperated" after the Prime Minister's EU withdrawal plan was again rejected by Parliament.
They called on MPs to shut down the possibility of a no-deal Brexit and come up with a clear EU exit plan.
The City UK, the finance industry body, said leaving without a deal "would be an own goal of historic proportions".
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Source: BBC
European Commission-Commission reviews relations with China, proposes 10 actions
March 12, 2019--Against the backdrop of China's growing economic power and political influence, the European Commission and the High Representative review European Union-China relations and the related opportunities and challenges.
Today, they are setting out 10 concrete actions for EU Heads of State or Government to discuss and endorse at the European Council of 21 March.
The European Union and China have committed to a comprehensive strategic partnership. Yet, there is a growing appreciation in Europe that the balance of challenges and opportunities China presents has shifted.
view the European Commission-Joint Communication 'EU-China-A Strategic Outlook'
Source: European Commission
ECB-Euro area securities issues statistics: January 2019
March 12, 2019--The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 2.1% in January 2019, compared with 1.9% in December.
For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 0.7% in January 2019,compared with 0.8% in December.
Debt securities
New issuance of debt securities by euro area residents totalled EUR 749.9 billion in January 2019. Redemptions amounted to EUR 608.3 billion and net issues to EUR 141.6 billion. The annual growth rate of outstanding debt securities issued by euro area residents was 2.1% in January 2019,compared with 1.9% in December.
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Source: ECB
The European Union Budget, and Economic and Monetary Policy (EU Exit) Regulations 2019
March 12, 2019--This instrument revokes retained EU law relating to the EU budget, and revokes and partially restates EU law relating to economic and monetary policy, in order to address deficiencies arising from the withdrawal of the United Kingdom from the European Union.
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Source: gov.uk
Primary listing of new Amundi ETFs on Xetra
March 12, 2019--Since Tuesday, nine Exchange Traded Funds of Amundi are tradable via Xetra and Börse Frankfurt for the first time in Europe.
Five equity ETFs give investors the opportunity to participate in the performance of large and medium-sized companies.
Investors can choose between the regions Europe, Eurozone, Japan, USA and developed countries worldwide.
With four bond ETFs, investors have access to corporate and government bonds from Europe, the USA or worldwide.
To the bond ETFs:
The Amundi Prime Euro Corporates UCITS ETF DR allows investors to invest in Euro investment grade corporate bonds from companies worldwide.
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Source: Deutsche Börse Group
FinTech adoption 'driving bank business goals'
March 12, 2019--The majority of banks felt that the implementation of an institutional FinTech solution had contributed towards achieving business goals by lowering operational costs (87 per cent) as well as improving regulatory compliance (67 per cent).
This is according to a survey carried out among 10 banks and 142 FinTechs by ING UK and Illuminate Financial between December and January 2019, which found that 40 per cent of FinTechs agreed that reducing operational costs was the primary driver for banks adopting tech solutions, followed by improving regulatory compliance (21 per cent).
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Source: FStech
Invesco Elwood Global Blockchain ETF To Start Trading On The London Stock Exchange
March 11, 2019--The Invesco Elwood Global Blockchain ETF will start trading on the London Stock Exchange on Monday. The investment management company, with over $800 billion in assets under management, will be launching the "world's biggest blockchain-focused ETF"
According to ZeroHedge, the exchange-traded fund will include a portfolio of 48 different companies with exposure to blockchain technology; including Taiwan Semiconductor Manufacturing- which supplies cryptocurrency mining machine manufacturers with chips- and the CME Group- the first regulated US exchange to launch bitcoin futures. Other firms like Apple, Intel, and Advanced Micro Devices (AMD) will also be a par ETF and each will have a 65 basis points management fee.
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Source: www.btcwires.com
IMF Staff Country Reports-Belgium: 2019 Article IV Consultation
March 11, 2019--Summary:
Since the global crisis, Belgium has experienced nine consecutive years of economic growth. Per capita GDP has surpassed pre-crisis levels, and unemployment is at its lowest level in four decades. The financial sector has also undergone structural changes and increased its resiliency to shocks.
But some challenges remain, related to the high public debt level, a still fragmented labor market, sluggish potential growth, and rising cyclical financial vulnerabilities.
view the IMF Staff Country Reports-Belgium: 2019 Article IV Consultation
Source: IMF
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