WisdomTree launches Artificial Intelligence ETF (WTAI)
December 5, 2018--Tracks a unique index designed in collaboration with AI & technology market experts, Nasdaq and the Consumer Technology Association
Offers focused exposure to exponential AI megatrend
WisdomTree, the exchange traded fund ("ETF") and exchange traded product ("ETP") sponsor, has partnered with Nasdaq and the Consumer Technology Association (CTA) to launch an ETF providing unique exposure to the Artificial Intelligence (AI) sector.
The WisdomTree Artificial Intelligence UCITS ETF listed on the London Stock Exchange today, with a total expense ratio (TER) of 0.40%.
The ETF will provide investors with liquid and cost-effective access to this exponential technology megatrend that is driving efficiencies and new business capabilities across all industries globally and redefining the way we live and work.
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Source: WisdomTree
Commission presents ways to further strengthen the euro's global role
December 5, 2018--In light of the upcoming European Council and Euro Summit in December, the Commission presents actions to strengthen the role of the euro in a changing world.
In his State of the Union Address in September 2018, President Juncker highlighted the strategic importance of the euro and the need to ensure that the single currency can play its full role on the international scene.
Supported by upcoming decisions to strengthen Europe's Economic and Monetary Union, complete the Banking Union and advance on the Capital Markets Union, the euro needs to develop its global role and fully reflect the euro area's political, economic and financial weight.
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Source: European Commission
London's stockbrokers fight for survival
December 5, 2018--A new game has become popular in the City of London: making bets on which famous stockbroking name will disappear first.
Regulation, a dearth of IPOs and automation unleash radical industry change.
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Source: FT.com
Maintaining Stability is Crucial to Russia's Growth and Poverty Reduction Goals, says World Bank Report
December 4, 2018--Russia's growth prospects remain modest, forecast at between 1.5% and 1.8% for the period 2018-20, says the World Bank's latest Russia Economic Report. Growth momentum increased in the first half of 2018, supported by robust global growth, rising oil prices and a macro policy framework that has promoted stability.
Preliminary estimates suggest, however, that growth appears to have weakened to 1.3% (year-on-year) in the third quarter of 2018, following a weak harvest, sluggish performances in manufacturing and construction, and the waning effects of the 2018 FIFA World Cup.
view the World Bank report-
Russia's Economy: Preserving Stability, Doubling Growth, Halving Poverty-How?
Source: World Bank
The Uneven Path Ahead: The Effect of Brexit on Different Sectors in the UK Economy
December 4, 2018--The United Kingdom is set to leave the European Union in March 2019. Our research suggests that all likely Brexit outcomes will entail an economic cost for the UK, and these costs would be unevenly spread across different sectors and regions.
The UK's membership in the EU means that the country enjoys a frictionless trade arrangement embodied in the EU single market and customs union. After exit, barriers to trade in goods and services would increase while labor mobility would fall.
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Source: IMF
New UniCredit ETF on Xetra: European Green Bonds
December 3, 2018--A new UniCredit Exchange Traded Fund has been tradable on Xetra and the Börse Frankfurt venue since Tuesday.
With the SI UCITS ETF-UC MSCI European Green Bond EUR UCITS ETF, investors can participate in the performance of Green Bonds with investment grade rating, issued in Europe and listed in EUR. Green Bonds are issued to finance sustainable projects with positive environmental impacts.
Name: SI UCITS ETF-UC MSCI European Green Bond EUR UCITS ETF
Asset class: Bond ETF
ISIN: LU1899270539
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Source: Deutsche Börse Group
Cash markets achieve turnover of 140.4 billion euros in November
December 3, 2018--Deutsche Börse cash markets generated a turnover of €140.4 billion in November (previous year: €154.2 billion).
Of the €140.4 billion, €129.0 billion were attributable to Xetra (previous year: €138.0 billion), bringing the average daily Xetra trading volume to €5.9 billion.
Trading volume on Börse Frankfurt was €2.8 billion (previous year: €4.7 billion) and on Tradegate Exchange €8.6 billion (previous year: €11.4 billion).
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Source: Deutsche Börse Group
Monday Morning Memo: Are active managers scared by the success of ETFs?
December 3, 2018--Sometimes it is quite fun to observe the European fund industry, especially pertaining to the active-versus-passive discussion. One of these fun topics is the fact that the more market share ETFs gain from net inflows, the more active managers start to talk about the risks of investing in ETFs.
They argue that these products are always fully invested in their respective indices and have no active component that will protect investors against losses under rough market conditions.
Why do I find this funny? Firstly, I would assume an investor who is buying an ETF knows there is no active component included in these products; i.e., the ETF replicates the return of its underlying market in all circumstances.
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Source: Detlef Glow, Head of EMEA Research, Lipper
Calastone switches mutual fund trades to blockchain
December 2, 2018--Move is one of industry's biggest in terms of using online ledger to settle orders.
Calastone is making a bold bet on the power of blockchain to transform fund management by moving more than 1,700 financial companies-for which it processes mutual fund trades-to the online ledger.
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Source: FT.com
ETFs set for sector inclusion by Investment Association
November 30, 2018--The Investment Association, the trade body representing the UK's asset management industry, has launched a consultation to determine whether exchange traded funds should be included in the IA's fund sector classification.
The IA's 37 fund sectors allow retail investors and financial advisers to compare the performance of funds sold in the UK by dividing them into groups such as asset class, investment strategy and geographical region.
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Source: FT.com
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