Alpha launches dedicated ETF & Indexing practice and hires Marc Knowles as a Director
February 14, 2019--Alpha strengthens market offering with dedicated ETF & Indexing Practice to respond to the growing significance of index funds and ETFs and demand for consulting support from clients.
Alpha today announces the launch of a dedicated ETF & Indexing Practice. Marc Knowles has joined as a Director to lead the practice, which will focus on servicing Alpha's clients across the industry.
Alpha already plays a central role in helping its clients transform their business models and respond to ever-changing client demands and technical innovations.
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Source: Alpha FMC
US group heads for the cloud with latest ETF launch
February 13, 2019--First Trust Global Portfolios has launched a Ucits-compliant ETF focusing on opportunities in the cloud computing space.
The new fund, called First Trust Cloud Computing Ucits ETF, will be offered through the UK-based affiliate of US group First Trust Advisors.
It will track the ISE Cloud Computing index, which targets cloud technology businesses offering innovation, flexible resources and economies of scale, while allowing easy access to information anywhere with an internet connection.
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Source: citywireselector.com
Amundi lifts earnings despite 50bn euros hit in final quarter
February 13, 2019--Europe's largest fund manager ends year flat as volatility bites
Amundi, Europe's largest fund manager, has reported a €50bn hit to its assets in the final quarter of last year, showing it was not immune to the wider market volatility plaguing investment companies.
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Source: FT.com
UK funds lose $2bn in eight weeks amid Brexit deadlock
February 11, 2019--More than $2bn has been yanked from funds that invest in UK companies in just eight weeks as the political and economic fallout from Britain's departure from the European Union continues to batter investor confidence.
The drop means more than $23bn has been pulled from UK equity funds since the Brexit referendum vote in 2016, with concerns growing that the flood of money exiting British companies could spike if Prime Minister Theresa May takes the country out of Europe without a deal.
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Source: fnlondon.com
Euronext Dublin beefs up European fund-listing role
February 12, 2019--Exchange's new owner has plans to expand the hub but the path is unlikely to be smooth.
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Source: FT.com
IMF Staff Country Report-The Kingdom of the Netherlands-Netherlands: Selected Issues
February 12, 2019--CORPORATE SAVING IN THE NETHERLANDS1
The Netherlands' current account (CA) surplus in percent of GDP is among the highest in the world. The non-financial corporation (NFC) net saving is the largest contributor to the CA surplus.
To understand the high NFC saving, this chapter provides details of the sources and uses of the NFC saving, highlights the role of multinational corporations (MNCs), and discusses the implications to the external sector assessment and policy recommendations.
A. Introduction
1. The Netherlands has a long history of CA surpluses, however a surplus of more than
10 percent of GDP in recent years hit its highest level in decades. The Netherlands has been running CA surpluses since early 1980s, with a historical average at about 5 percent of GDP. From early 2000s, the surplus has been on a steady increasing path, reached its peak of 10.7 percent of GDP in 2012. Since then, the
surplus dropped to 6.3 percent of GDP in 2015 and rapidly increased to 10.5 percent of GDP in 2017. The trade surplus in goods, at average of 10 percent of GDP over the last decade, is the biggest contributor to CA surplus.
view the IMF Staff Country Report-The Kingdom of the Netherlands-Netherlands: Selected Issues
Source: IMF
Monday Morning Memo: Review of the European ETF Market-2018
February 11, 2019--The year 2018 was a tough year for the European fund industry. Despite headwinds from the markets and outflows from their actively managed peers, the promoters of ETFs in Europe enjoyed net inflows in every single month of the year 2018.
These inflows, however, were not able to offset the negative impact from the underlying markets. As a result, the assets under management in the European ETF industry decreased from €656.8 bn as of December 31, 2017, to €633.1 bn at the end of December 2018. As mentioned above, the decrease of €23.7 bn for 2018 was driven by the performance of the underlying markets (-€65.8 bn), while net sales contributed inflows of €42.2 bn to assets under management in the European ETF segment.
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Source: Refinitiv
Traders eye 'bad trade' in Swiss franc flash fall
February 11, 2019--Currency abruptly dropped early in the Asian trading day
The Swiss franc is the latest currency to have gone bump in the night.
At the point where the week's global trading got under way in Asia, the euro abruptly shot up one whole point from SFr1.1325 before immediately dropping back down. The dollar made a similar move.
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Source: FT.com
ESMA report finds investment product performance highly impacted by charges
January 10, 2018--The Report covers Undertakings for Collective Investment in Transferable Securities (UCITS), Alternative Investment Funds sold to retail investors (retail AIFs) and Structured Retail Products (SRPs).
The analysis complements ESMA's risk assessment, supervisory convergence and investor protection work, and contributes to the European Commission's project on cost and performance of investment products under the Capital Markets Union Action Plan.The analysis complements ESMA's risk assessment, supervisory convergence and investor protection work, and contributes to the European Commission's project on cost and performance of investment products under the Capital Markets Union Action Plan.
view the ESMA annual statistical report on performance and costs of retail investment products in the EU
Source: ESMA
How London won the race for the renminbi
February 8, 2019--The city's charm offensive has paid off, with daily orders averaging $73bn in October
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Source: FT.com
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