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Investment banks muscle in on Europe's ETF battle
January 6, 2019--Global lenders beef up staffing and technology to try to gain trading edge
Europe's exchange traded fund market has become a global battleground, with some of the largest investment banks busily honing their ETF trading capabilities.
Société Générale, Citigroup, JPMorgan, Goldman Sachs, HSBC and BNP Paribas have all hired staff and invested in new facilities to respond to institutional clients' appetite for ETFs.
Name: Ossiam World ESG Machine Learning UCITS ETF-1A (EUR) Equity ETF view more Xetra-Gold holdings rise to 181.47 tonnes at year-end view more Cash Market achieves highest trading volume since 2008Cash Market achieves highest trading volume since 2008 view more Germany SLOWDOWN: Merkel's economy dented as manufacturing falls at fastest rate for 4yrs view more The UK FCA is Investigating 18 Companies Involved in Crypto Transactions view more Euro celebrates its 20th birthday view more European Investors sell-off Mutual Funds in November 2018
These fund flows added up to overall net outflows of €42.6 bn from long-term investment funds for November. ETFs contributed inflows of €3.8 bn to these flows.
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ISIN: IE00BF4Q4063
Source: Deutsche Börse Group
January 3, 2019--The gold holdings of the exchange-traded bearer bond Xetra-Gold (ISIN: DE000A0S9GB0) increased to 181.47 tonnes at the end of the year 2018. This is a plus of more than seven tonnes over the course of the year.
At the beginning of 2018, 174.24 tonnes of gold were stored in the central vault for German securities in Frankfurt. The assets under custody currently amount to 6.6 billion euros. Xetra-Gold is thus the leading physically backed gold security in Europe. Xetra-Gold holdings always increase when investors buy Xetra-Gold shares via the stock market. Exactly one gram of gold is deposited in the central safe for each share certificate.
Source: Deutsche Börse Group
January 2, 2019--In 2018, Cash Market of Deutsche Börse achieved an order book turnover of €1.72 trillion-the highest trading volume since 2008 and an increase of 17 per cent compared to the previous year (€1.47 trillion).
Of this amount, €1.57 trillion were attributable to Xetra, €40.11 billion to the Börse Frankfurt venue and €105.81 billion to Tradegate Exchange. The shares with the highest turnover in 2018 on Xetra (split by main indices) were Bayer AG with €75.43 billion (DAX index), Osram Licht AG with €7.41 billion (MDAX index), Puma SE with €1.92 billion (SDAX index) and Wirecard AG with €26.16 billion (TecDAX index).
Source: Deutsche Börse Group
January 2, 2019--GERMANY'S economy was dented again as the manufacturing sector slowed once more with new orders falling at the fastest rate in four years, a survey showed today.
Markit's Purchasing Managers' Index (PMI) for manufacturing, which accounts for about a fifth of the economy, tumbled to a 33-month low of 51.5 in December, down from 51.8 in November. The number is inching closer to the 50.0 level which marks a contraction
Source: express.co.uk
December 31, 2018--The UK's financial regulatory body, the FCA (Financial Conduct Authority), has revealed that it is has ongoing investigations into 18 companies with respect to cryptocurrency transactions.
According to a report in the Sunday Telegraph, the FCA is concerned about risks to UK investors and has launched inquiries into 67 UK-based companies since November, with 18 still ongoing. Of the 49 cases closed, the body has issued consumer alerts regarding 39 of the businesses.
Source: cryptoglobe.com
December 31, 2018--The euro, Europe's common currency, turns 20 on 1 January 2019. Exactly 20 years ago, on 1 January 1999, 11 EU countries launched a common currency, the euro, and introduced a shared monetary policy under the European Central Bank.
The historic moment was a milestone on a journey driven by the ambition of ensuring stability and prosperity in Europe. Today, still young, the euro is already the currency of 340 million Europeans in 19 Member States. It has brought tangible benefits to European households, businesses and governments alike: stable prices, lower transaction costs, protected savings, more transparent and competitive markets, and increased trade. Some 60 countries around the world link their currencies to the euro in one way or another, and we can and are doing more to let the euro play its full role on the international scene. Other EU Member States are expected to join the euro area once the criteria are met.
Source: European Commission
December 27, 2018--After unexpectedly high outflows in October, European investors pulled further away from long-term mutual funds in November as the market environment and general sentiment remained negative. As a consequence, November was the seventh month in a row posting net outflows from long-term mutual funds after 16 consecutive months showing net inflows.
Real estate funds (+€0.6 bn) was the only asset type with net inflows for November, while all the other asset types in the segment of long-term mutual funds witnessed net outflows: bond funds (-€21.4 bn), alternative UCITS funds (-€11.1 bn), mixed asset funds (-€5.3 bn), equity funds (-€3.4 bn), and ”other” funds (-€1.7 bn), as well as commodity funds (-€0.3 bn).
Source: Refinitiv
