New Franklin Templeton ETF on Xetra Offers Access to European Equity Companies with Multi-Factor Approach
September 13, 2018--Since Thursday, a new Exchange Traded Fund of the issuer Franklin Templeton is tradable via Xetra and Frankfurt Stock Exchange.
The new Franklin LibertyQ European Equity UCITS ETF gives investors the opportunity to participate in the performance of large and medium-sized European companies.
The ETF's stock selection is based on four factors: quality, value potential, dynamism and low volatility. The Benchmark Index typically comprises 125 shares of companies from European industrialised countries.
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Source: Deutsche Börse Cash Market
New iShares ETF on Xetra tracks Nasdaq-100 index with hedging of exchange rate risk
September 13, 2018--September 12, 2018--Since Wednesday a new Exchange Traded Fund of the issuer iShares is tradable on Xetra and Frankfurt Stock Exchange.
The iShares NASDAQ 100 UCITS ETF EUR Hedged (Acc) gives investors the opportunity to participate in the performance of the 100 largest NASDAQ-listed equity companies that are not part of the financial sector.
The benchmark index is weighted according to market capitalisation. With this ETF, the exchange rate risk between the US dollar and the euro is minimised.
Name: iShares NASDAQ 100 UCITS ETF EUR Hedged (Acc)
Asset class: Equity ETF
ISIN: IE00BYVQ9F29
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Source: Deutsche Börse Cash Market
New J.P. Morgan ETFs on Xetra
September 13, 2018--Since Thursday, two new Exchange Traded Funds from the issuer J.P. Morgan Asset Management have been tradable via Xetra and the Frankfurt Stock Exchange.
The new active ETFs give investors the opportunity to participate in the performance of actively managed investment strategies.
JPMorgan ETFS (Ireland) ICAV-Equity Long-Short UCITS ETF-EUR Hedged (acc) is based on a portfolio of long and short positions in global equities. The JPMorgan ETFS (Ireland) ICAV-Managed Futures UCITS ETF-EUR Hedged (acc) uses derivative financial instruments on global equity, bond, currency and commodity markets for its investment strategy.
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Source: Deutsche Börse Cash Market
ESMA finds high level of diversity in national markets for structured retail products
September 13, 2018--The European Securities and Markets Authority (ESMA) has carried out a study of the EU market in structured retail products, from an investor protection perspective.
The research breaks down the EU market geographically into national retail markets and found a high degree of heterogeneity in the types of product sold.
The report identified that although a wide array of different structured products are available to retail investors across the EU, each national market is concentrated around a small number of common types, namely capital protection products, yield enhancement products and participation products.
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Source: ESMA
New J.P. Morgan ETFs on Xetra
September 13, 2018--Since Thursday, two new Exchange Traded Funds from the issuer J.P. Morgan Asset Management have been tradable via Xetra and the Frankfurt Stock Exchange.
The new active ETFs give investors the opportunity to participate in the performance of actively managed investment strategies. JPMorgan ETFS (Ireland) ICAV-Equity Long-Short UCITS ETF-EUR Hedged (acc) is based on a portfolio of long and short positions in global equities. The JPMorgan ETFS (Ireland) ICAV-Managed Futures UCITS ETF-EUR Hedged (acc) uses derivative financial instruments on global equity, bond, currency and commodity markets for its investment strategy. Both ETFs apply a hedging strategy to minimise the exchange rate risk between the base currency of the index components and the euro.
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Source: Deutsche Börse Cash Market
Portugal: Recovery and Risks
September 13, 2018--Portugal has turned the page on its 2010-13 crisis and is now enjoying a job-rich economic recovery, driven by investment and exports, says the IMF in its latest annual assessment of the country's economy.
The main challenge now is to take advantage of the current good times by maintaining prudent policies and paying down debt to strengthen the country’s position against any future downturns.
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Source: IMF
IMF Staff Country Reports-Russian Federation: Selected Issues
September 12, 2018--THE STATE'S FOOTPRINT IN THE ECONOMY1
The Russian State leaves a deep footprint in the economy. The state's size was around 33 percent of GDP in 2016, but close to 40 percent for the formal sector.
Available cross-country employment data suggests that the Russian state's is relatively large, similar to that of Scandinavian countries. In sectors where the state's share is high, economic concentration is larger, but concentration is large even in sectors where the state's share is low. Existing policies to protect and promote competition, including in state procurement, need to be strengthened.
A.Introduction
1.The mainstream narrative is that the Russian state is large and that its size increased considerably in the last few years.
view the IMF Staff Country Reports-Russian Federation: Selected Issues report
Source: IMF
IMF Staff Country Reports-Portugal : Selected Issues
September 12, 2018--FINANCIAL CONDITIONS AND GROWTH AT RISK IN PORTUGAL1
A. Introduction
1. The macro-finance literature and recent experience provide compelling evidence that
financial imbalances grow in good times, creating downside risks to economic growth.
Indeed, when confidence in economic prospects is high and financial conditions benign, households, firms and financial intermediaries tend to take excessive risk, leading to an increase in leverage, maturity mismatches and other balance sheet weaknesses.2 In presence of elevated imbalances, a negative shock can force borrowers into default or fire sales, putting pressure on lenders' profits and collateral values, and disrupting financial intermediation. This can result in higher odds of severe and prolonged economic contraction.3 Thus, financial conditions that cause financial vulnerabilities to build up in good times could convey valuable information about downside risks to future GDP growth.
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Source: IMF
Neuberger Berman hires European bond team from BNP Paribas AM
September 11, 2018--Neuberger Berman has hired a six-strong team of European fixed income investment professionals from BNP Paribas Asset Management.
Consisting of five portfolio managers and one quantitative analyst, the US manager's new team is led by Patrick Barbe, who was chief investment officer of Euro sovereign and aggregate fixed income at the French asset manager.
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Source: IP&E
Deutsche Boerse widens its market data offering to include FX markets
September 10, 2018--Deutsche Börse and 360T, Deutsche Börse Group's FX unit, to serve FX markets with independent streaming swap market data
Deutsche Börse Market Data + Services and Deutsche Börse foreign-exchange (FX) trading venue 360T are launching a product offering covering FX spot market as well as FX swap market data.
FX swap market information is based on a contribution model of liquidity providers developed in cooperation with the Germany-based company DIGITEC.
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Source: Deutsche Börse Cash Market