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Sustainability pays off. Eurex is the first exchange to offer sustainable ESG futures
February 26, 2019--The importance of so-called ESG (Environmental, Social, and Governance) information is constantly increasing, because sustainable investing is becoming more and more important and interesting for investors worldwide. The European market for sustainable indices is continuing to grow strongly.
Globally, there were 22.89 Trillion USD of assets being professionally managed under responsible investment strategies in 2016, an increase of 25 percent since 2014. In relative terms, responsible investment now stands at 26 percent of all professionally managed assets globally. Clearly, sustainable investing constitutes a major force across global financial markets.
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Source: Eurex
Finance industry wins a two-year break on EU benchmarks law
February 26, 2019--European Union policy makers agreed to give an extra two years to the financial industry to complete an overhaul of key regional and foreign financial benchmarks to protect them from potential manipulation
The deal reached late on Monday by EU diplomats and members of the European Parliament will allow Eonia and Euribor to be used by firms based in the bloc until the end of 2021, according to a statement from the European Commission, the EU's executive arm. Without the extension, their use would have been restricted starting next year because they don't meet incoming EU standards designed to make benchmarks more reliable.
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Source: Bnnbloomberg.com
Synthetix Launches 'Synthetic' Bitcoin on Ethereum Blockchain
February 25, 2019--The new coin allows for better liquidity and lower risk according to the company
Cryptocurrency company Synthetix announced on Monday that it has launched a 'synthetic' bitcoin on the ethereum blockchain.
The new coin will allow users to trade bitcoin-based currency pairs on the Synthetix exchange.
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Source: financemagnates.com
New iShares ETFs on Xetra: US Government Bonds and E-mobility Companies
February 25, 2019--Since Monday, two Exchange Traded Funds of iShares are tradable via Xetra and Börse Frankfurt.
The iShares Treasury $ Bond 0-1yr UCITS ETF USD gives investors the opportunity to participate in the performance of liquid US government bonds issued in US dollars and with a maturity of up to one year.
The iShares Electric Vehicles and Driving Technology UCITS ETF enables investors to invest in companies active in the electric vehicle and autonomous driving sectors. These include companies from the supply industry for electric and autonomous vehicles, including battery manufacturers.
Name: iShares Treasury $ Bond 0-1yr UCITS ETF USD
Asset class: Bond ETF
ISIN: IE00BGR7L912
Ongoing charges: 0.07 per cent
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Source: Deutsche Börse Group
The UK Financial Conduct Authority (FCA) Reports A 480% Increase in Data Breaches
February 25, 2019--The number of breaches reported by financial institutions has increased dramatically:
"The number of data breaches reported by UK financial services firms to the Financial Conduct Authority (FCA) increased 480% in 2018, to 145 up from just 25 in 2017", shows research from RPC, the City-headquartered law firm
Hackers target industries that possess the most data. Financial services, along with sectors such as healthcare, are the obvious targets.
Data breaches are on the rise. And, the financial services sector is an especially lucrative target; along with the personal data bulging healthcare sector.
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Source: paymentsjournal.com
FCA says Mifid II to cut investor costs by 1bn Pounds
February 25, 2019-- New EU rules on the funding of investment research are set to deliver £1bn in savings for UK fund investors over the next five years, the Financial Conduct Authority has said.
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Source: FT.com
BlackRock expands thematics range with electric vehicle and driving technology ETF
February 25, 2019--TER of 0.40%
The iShares Electric Vehicles and Driving Technology UCITS ETF (ECAR) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.40%.
The ETF tracks the STOXX Global Electric Vehicles & Driving Technology index, which comprises companies involved in manufacturing suppliers and component producers.
According to BlackRock and Bloomberg New Energy Finance estimates, the number of electric vehicles sold each year is expected to rise to 60 million by 2040, up from the current level of 1.1 million.
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Source: investmentweek.co.uk
New EU low-carbon benchmarks boost for sustainable investment
February 25, 2019--The EU Council and Parliament reached a preliminary agreement Monday on a proposal for new financial benchmarks aimed at giving greater information on an investment portfolio's carbon footprint.
The EU is building a regulatory framework to encourage investors to be more aware of the impact of their business on the environment.
The agreement creates two new categories of low-carbon benchmarks: a climate-transition benchmark and a specialised benchmark which brings investment portfolios in line with the Paris Agreement goal to limit the global temperature increase to 1.5ENTITY° above pre-industrial levels.
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Source: eubusiness.com
Monday Morning Memo: European Investors Shy Further Away From Mutual Funds in January 2019
February 24, 2019--The negative trend with regard to fund flows in Europe continued in January, even as the securities markets showed a rebound. As a consequence, January was the ninth month in a row long-term mutual funds posted net outflows after 16 consecutive months of net inflows.
It was surprising that bond funds (+€12.7 bn) were the best-selling asset type in the segment of long-term mutual funds, followed by real estate funds (+€1.0 bn). All other asset types faced outflows: alternative UCITS funds (-€7.7 bn), equity funds (-€7.4 bn), mixed-asset funds (-€3.5 bn), commodity funds (-€1.1 bn), and "other" funds (-€1.0 bn).
These fund flows added up to overall net outflows of €7.0 bn from long-term investment funds for January. ETFs contributed inflows of €8.1 bn to these flows. FCA says Mifid II to cut investor costs by £1bn. New EU rules on the funding of investment research are set to deliver £1bn in savings for UK fund investors over the next five years, the Financial Conduct Authority has said.
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Source: Refinitiv
Theresa May is said to face calls to quit after Brexit
February 23, 2019--Theresa May must resign as British prime minister and Conservative leader later this year after delivering Brexit, according to politicians at the highest levels of her own government.
May has promised her party she will stand down before the next general election, slated for 2022, but she's likely to face pressure to go within the next three months.
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Source: FIN24
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