Lyxor-ETF Money Monitor-July 2018-ETF flows slow as sentiment reverses
July 9, 2018-European ETF market flows slowed slightly in June, with net new assets falling to €757m from
the €1.1bn we saw in May. Sentiment reversed yet again, with fixed income ETFs attracting
most of the inflows (€1.1bn).
In contrast, equity ETFs suffered significant outflows as trade
wars, China and European issues dominated the agenda (-€739m).
What happened last month?
ETF flows dropped to €757m from €1.1bn
They remain strong, but behind last year's
record levels
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Source: Lyxor
ESMA updates validation rules under EMIR
August 9, 2018--The European Securities and Markets Authority (ESMA) has updated today its validation rules regarding the European Markets Infrastructure Regulation (EMIR) with regards to the revised technical standards on reporting under Article 9 of EMIR.
The amendments will be applicable from 5 November 2018.
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Source: ESMA
Brexit Novations Raise Questions Over EMIR, Lifecycle Events
August 9, 2018--Market participants are repapering and novating their current derivatives contracts to an EU27 subsidiary due to the ongoing uncertainty around Brexit-but are finding new issues every day.
In the absence of a third country regime (TCR) agreement, U.K. financial institutions are either novating, or considering novating derivatives books across to existing or newly-established European subsidiaries. "This may well end up as just a booking arrangement, with no longer-term implications to the City," said Edmund Parker, global head of structured derivatives at Mayer Brown.
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Source: finregalert.com
https://www.esma.europa.eu/press-news/esma-news/esma-issues-clarifications-clearing-obligation-and-trading-obligation-pension
August 8, 2018--The European Securities and Markets Authority (ESMA) has issued today an updated statement on the clearing obligation and trading obligation for pension scheme arrangements (PSAs), with the objective to avoid, to the extent possible, disruption to certain PSAs who may face potential challenges clearing their OTC derivative contracts and trading them on trading venues on 17 August 2018, when the current, and final, exemption from the clearing obligation under EMIR expires.
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Source: ESMA
ESMA updates equity derivatives, equity and equity-like instruments' transitional transparency calculations for MiFID II/ MiFIR
August 6, 2018--The European Securities and Markets Authority (ESMA) has published today an updated version of the MiFID II/MiFIR transitional transparency calculations (TTC).
The update relates to the transitional transparency calculations for:
equity derivatives (equity derivatives I ) ;
equity and equity-like instruments (TTC ); and
tick size band assessment .
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Source: ESMA
Monday Morning Memo: Is the trend toward ETFs in Europe over?
August 6, 2018--The fund ecosystem in Europe has become accustomed to new all-time highs and exceptional growth rates in the European ETF industry. But, it is not surprising that some market observers are starting to ask whether the trend toward ETFs in Europe is now over, since ETF flows have seemed to be lower over the course of first half 2018.
In addition, we have witnessed a number of mergers and acquisitions in the ETF segment over the last 12 months and a slight increase in the number of fund liquidations. Here I will shed more light on the flows, but the activities with regard to mergers and acquisitions at the fund level are clear signs for me of a maturing market and are consequently rather normal.
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Source: Detlef Glow, Thomson Reuters
Borsa Italiana Listings Notice-Amundi
August 6, 2018--Borsa Italiana is pleasured to welcome on ETFplus market 1 new ETF issued by Amundi:
AMUNDI US CORP SRI UCITS ETF DR ¿USD (LU1806495575)
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Source: Borsa Italiana
Deutsche Bank head of EMEA equity research leaves
August 3, 2018--Deutsche Bank AG (DBK.XE) said Thursday that its head of equity research for Europe, Middle East and Africa, Paul Reynolds, has left the company.
A spokesperson for the German bank declined to comment further, but confirmed that Mr. Reynolds's departure is effective immediately.
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Source: marketwatch.com
National Statistics: UK official holdings of international reserves: July 2018
August 3, 2018--This monthly release shows details of movements in the UK's official holdings of international reserves, or assets. These consist of gold, foreign currency assets and International Monetary Fund assets.
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Source: HM Treasury
Borsa Italiana's ETFplus market sees strong second quarter Aug 03 2018
August 3, 2018--ETFplus market saw a 7.1% increase compared to the same period last year
52 new instruments listed in the second quarter of 2018: 50 ETFs and 2 open funds
A total of 1276 instruments available on ETFplus at the end of June
Borsa Italiana's ETF, ETC, ETN, and open funds markets have registered a strong
second quarter reaching €66.47 billion, a 7.1% increase compared to the same period last year, according to ETFplus 2018 report.
52 new instruments listed in the second quarter of 2018, including two open funds, totalling 1276 instruments available on the ETF market at the end of June. The report highlights that ETFplus raised €1.45 billion in the first half of 2018.
New multi-specialist asset manager Candriam, became a new ETF issuer bringing the number of ETPs in Italy to 19.
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Source: Borsa Italiana Spa
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