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
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
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