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Asset managers' hunt for index trackers drives M&A
September 9, 2018--Scarcity of targets in the sector is pushing up valuations
It took six months of talks between Legal & General Investment Management and ETF Securities, a specialist provider, before negotiations moved on from discussing partnership terms to agreeing a part takeover by the UK's biggest investment manager.
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Source: FT.com
New UBS ETF on Xetra tracks emerging market government bonds denominated in US dollars and local currencies
September 7, 2108--Since Friday, an Exchange Traded Fund of the issuer UBS Global Asset Management has been tradable via Xetra and the Frankfurt Stock Exchange.
The new bond ETF gives investors the opportunity to participate in the performance of government bonds issued by emerging markets denominated in their local currency or in US dollars.
The benchmark index includes government bonds issued by emerging markets in their local currency with a maximum maturity of three years. These bonds are selected on the basis of carry and momentum factors. On the other hand, the ETF invests in emerging market short-term government bonds denominated in US dollars with a maturity of one to five years.
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Source: Deutsche Börse Cash Market
New ETF Listing on Euronext-
September 7, 2018--Euronext is pleased to announce that Amundi Asset Management will list 1 new ETF on 11/09/2018:
ISIN: LU1861132840
ETF Trading name:AMUNDI STOXX GL AI
ETF Symbol: GOAI
Venue: Euronext Paris
Underlying index: STOXX AI Global Artificial Intelligence ADTV5
TER(%): 0,35
Euronext now offers 764 Trackers listed on the European markets.
more info
Source: euronext.com
Volatility spikes underline fragilities and risks to EU securities markets and investors
September 6, 2018--European Union (EU) securities markets, infrastructures and investors face new risks in the form of high volatility, the European Securities and Markets Authority (ESMA) said today in its latest Trends, Risks, and Vulnerabilities (TRV) Report (No 2, 2018).
ESMA also re-iterated its concerns about cyber risk and Brexit risks for business operations.
The TRV, which covers the first half of 2018, finds that overall risk levels for the EU's securities markets remained stable but at high levels for most risk categories.
view the ESMA Report Trends, Risks, and Vulnerabilities (TRV) Report (No 2, 2018)
Source: ESMA
Asset managers 'have something to hide' from pension trustees
September 6, 2018--Millions of savers may be paying more than the charge cap, MPs told
Some asset managers will refuse a request by pension trustees to hand over data on the charges they levy pension savers because "they have something to hide", a parliamentary committee has been told.
Giving evidence to MPs on the work and pensions select committee, Chris Sier, who headed a Financial Conduct Authority working group on pension fee transparency, said he expected some asset managers would resist attempts to make known the full extent of their fees.P>view more
Source: FT.com
BNP Paribas Asset Management Strengthens ETF And Index Solutions Sales Team In Germany
September 6, 2018--BNP Paribas Asset Management ('BNPP AM') announces the continued expansion of its ETF[1] and Index Solutions team in Germany with the appointment of Florian Schoeps as ETF and Index Solutions Sales Trader.
Based in Munich, Florian joined on 1 August and reports to Claus Hecher, Head of Business Development for Germany, Austria and the German-speaking areas of Switzerland.
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Source: BNP Paribas Asset Management
Wirecard AG to be included in DAX-new composition for TecDAX, MDAX and SDAX
September 5, 2018--Deutsche Börse applies new index rules/Changes to be effective as of 24 September 2018
On Wednesday, Deutsche Börse announced changes to its equity indices, which will become effective as of 24 September 2018.
The shares of Wirecard AG will be included in the DAX index, and will replace the shares of Commerzbank AG, which will move to MDAX.
This scheduled review of the selection indices of Deutsche Börse marks the first application of the new rules, which were announced on 18 May following a market consultation.
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Source: Deutsche Börse Cash Market
ESAs report finds automation in financial advice slowly growing but scale of market remains limited
September 5, 2018--The three European Supervisory Authorities (ESAs)-EBA, EIOPA and ESMA-today published the results of their monitoring exercise on automation in financial advice.
The Report shows that while the phenomenon of automation in financial advice seems to be slowly growing, the overall number of firms and customers involved is still quite limited. As the identified risks have not materialised and considering the limited growth of the phenomenon, the ESAs believe that no immediate action is necessary.
view the Joint Committee Report on the results of the monitoring exercise on 'automation in financial advice'
Source: ESMA
UK official holdings of international reserves: August 2018
September 5, 2018--This release details movements in the international reserves of gold and assets held by the UK government.
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Source: HM Treasury
SIX gains another high-profile ETF provider
September 5, 2018--As of today, 5 smart beta ETF issued by Fidelity International trade on the Swiss stock exchange for the first time.
The new listings by Fidelity International take the number of ETF providers available via SIX to a new high of 25, and the number of ETFs to a record of 1'394.
According to Fidelity International the Fidelity US Quality Income UCITS ETF provides exposure to high quality companies that aim to pay attractive dividends with the objective of delivering a yield in excess of the broader market whilst, at the same time, carefully managing risk.
This is based on the philosophy that higher quality companies with stable earnings and cash flows have a better opportunity to outperform over time.
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Source: SIX Swiss Exchange