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The EDHEC-Princeton Retirement Goal-Based Investing Index Series October 2018 Highlights
October 30, 2018--Goal Price Index Series
Yields on US government debt are still increasing, borne by good economic statistics in the US and resurging fear for inflation.
The rate on 10-year Treasury bonds had risen above 3.20% on October 10, at unprecedented levels since July 2011. Rising interest rates imply lower bond prices, and the Goal Price Indices are no exception since they are similar to the prices of fixed income products;
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Source: EDHEC-Risk Institute
Eurozone growth rate slumps to four-year low as Italy stagnates-as it happened
October 30, 2018--Time for a recap
Growth in the eurozone has slowed to its lowest level in over four years, as the region's recovery runs out of steam. Eurozone GDP only rose by 0.2% in July-September, down from 0.4% in April-June.
Economists say the figures are disappointing, and weaker than expected; they could even precede a wider recession.
Italy's growth rate fell to zero, in a blow its new government's plans to revitalise the economy.
France did better, though; its economy grew by 0.4%, thanks to a pick-up in consumer spending and business investment.
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Source: theguardian.com
New Amundi ETF on Xetra with focus on artificial intelligence
October 30, 2018--Since Tuesday, a new Exchange Traded Fund of the issuer Amundi is tradable via Xetra and the Börse Frankfurt venue.
The new equity ETF gives investors the opportunity to participate in the performance of the STOXX AI Global Artificial Intelligence ADTV5 Index.
The Benchmark Index comprises companies from a broad spectrum of industries that invest heavily in the development of new artificial intelligence (AI) technologies. The companies in the reference index are selected according to the number of AI patents received and must have a three-month average daily trading volume of more than five million €.
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Source: Deutsche Börse Group
Cryptoassets Taskforce: final report
October 29, 2018--The joint HM Treasury-Financial Conduct Authority-Bank of England Cryptoassets Taskforce report sets out the UK's approach to cryptoassets and distributed ledger technology in financial services.
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view the Cryptoassets Taskforce: final report
Source: HM Treasury
Monday Morning Memo: Rough market conditions take their toll on mutual fund flows in Europe
October 29, 2018--Looking at the headline figures, the first nine months of 2018 seem to have been rough for the European fund industry. Even though the assets under management (AUM) (€10.7 tr) increased over the course of the year so far, the industry failed to attract significant new money.
The net fund flows stood at €5.9 bn at the end of September. A closer view of the underlying trends shows that European investors have started to pull out money from bond funds and surprisingly also from money market products. The general fund-flow trends are a reaction of European investors to the recent geopolitical uncertainty and the increasing interest rates.
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Source: Detlef Glow, Head of EMEA Research, Lipper
S&P Affirms Italy Credit Rating, Cuts Outlook To Negative
October 27, 2018--Rating agency Standard & Poor's on Friday maintained credit ratings for Italy but downgraded its outlook to negative from stable.
The agency left the debt rating at BBB, two notches above "junk" status.
"The Italian government's economic and fiscal policy settings are weighing on the country's economic growth prospects, a critical driver of government debt-to-GDP trajectory," it said.
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Source: markets.businessinsider.com
iShares ETF on Xetra maps MSCI Brazil
October 26, 2018--A new iShares Exchange Traded Fund has been tradable on Xetra since Friday.
The new equity ETF gives investors the opportunity to participate in the performance of the MSCI Brazil USD Index. The benchmark index currently comprises 54 large and mid-cap Brazilian companies, covering approximately 85 percent of Brazil's market capitalization.
The prices of the contained shares in US dollars are included in the index calculation. The ETF is traded on Xetra in US dollars.
Listing and trading in foreign currencies has been possible on Xetra since 2009. ETFs in US dollars, British pounds, yuan and Swedish kronor are currently traded on Xetra.
Name: iShares MSCI Brazil UCITS ETF (DE)
Asset class: Equity-ETF
ISIN: DE000A0Q4R85
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Source: Deutsche Börse Group
Euro area economic and financial developments by institutional sector: second quarter of 2018
October 26, 2018--Euro area net saving increased to €800 billion in the four quarters to the second quarter of 2018, compared with €765 billion in the four quarters to the previous quarter.
Euro area net non-financial investment increased slightly to €407 billion, as increased investments by households and reduced disinvestments by government were only partly offset by decreased investment of corporations. Euro area net lending to the rest of the world increased to €400 billion in line with an increase of net saving which exceeded that of net non-financial investments.
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Source: ECB
Unscheduled adjustment of Linde AG in DAX
October 24, 2018--On Wednesday, Deutsche B&^ouml;rse announced an unscheduled change to the DAX index. As a result of the merger of Linde AG and Praxair Inc., the Linde AG tendered shares (ISIN DE000A2E4L75), which are currently in the index, will be replaced with the shares of the new company Linde plc (ISIN IE00BZ12WP82).
The merger event will be reflected in the index by a split of 1.54 new share for every old share and by an ISIN change, from DE000A2E4L75 to IE00BZ12WP82. These changes will become effective on 29 October 2018.
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Source: Deutsche Börse Group
Twelve New iShares ETFs on Xetra: Companies Focus on Sustainability
October 24, 2018--Since Wednesday, twelve new Exchange Traded Funds from iShares have been tradable via Xetra and the Frankfurt Stock Exchange.
The new iShares ETFs give investors the opportunity to invest in companies with a comparatively high ESG rating.
Since Wednesday, twelve new Exchange Traded Funds from iShares have been tradable via Xetra and the Frankfurt Stock Exchange.
The new iShares ETFs give investors the opportunity to invest in companies with a comparatively high ESG rating. This excludes companies that are involved in the manufacturing of tobacco products, civil firearms,nuclear weapons and other controversial weapons, or generate revenues from the production of power plant coal. Companies that violate the United Nations Global Compact Principles for Corporate Sustainability are also not included in the benchmark index.
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Source: Deutsche Börse Group