Franklin Templeton passive build-out continues with two bond ETFs
June 20, 2018--Franklin Templeton Investments has bolstered its ETF range with the launch of two actively-managed fixed income ETFs.
The Franklin Liberty Euro Short Maturity Ucits ETF and the Franklin Liberty USD Investment Grade Corporate Bond Ucits ETF have been added to the firm's LibertyShares Ucits ETF range in Europe.
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Source: citywireselector.com
HANetf Commentary: The Case for Non-Transparent Active ETFs-Part 1 ACTIVE ETFs in EUROPE
June 20, 2018--Active ETFs in Europe
Growth in the ETF industry is sustained, long-term and global-at the time of writing, there have been 51 months of consecutive net inflows to the industry. 1
This expansion is being sustained by both internal innovation and external mega-trends.
The previous HANetf paper "Win the Future" described the external influences that are fuelling the unprecedented growth of the global ETF industry-automation,
technology, focus on fees and regulatory initiatives -but the ETF industry is also seizing the opportunity to rapidly innovate and drive growth from the inside: creating, marketing and distributing new investment propositions that go far beyond the scope of what the original ETF pioneers could have imagined.
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Source: Hanetf
HANetf adds to top tier service providers, selecting EY as Auditor
June 20, 2018--Europe's first independent 'white label' UCITS ETF platform provides asset managers with the
regulatory and operational infrastructure to build and launch ETFs into Europe without establishing
their own full-service business
HANetf, Europe's first independent 'white-label' UCITS ETF platform has
announced that EY has been selected to provide audit services to the funds and sub-funds on the
HANetf platform. EY will be appointed for HANetf's first financial period ending 31 March 2019.
The announcement comes ahead of the upcoming launch of HANetf's Irish domiciled fund platform
which is designed to reduce the barriers to entry for new entrants to the European ETF market.
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Source: Hanetf
OECD-Further reforms needed for a stronger and more integrated Europe
June 19, 2018--The European economy is growing robustly, helped by accommodative monetary policy, mildly expansionary fiscal policy and the global acceleration.
The current economic expansion should be used to speed up implementation of reforms to the euro area architecture and EU policies that would support greater European integration and ensure stronger, more inclusive long-term growth, according to two new reports from the OECD.
The latest OECD Economic Survey of the European Union and Economic Survey of the Euro Area look at the factors behind the strong recovery, as well as the challenges facing Europe. The Surveys project growth topping 2% for the 2018-19 period, and lay out an agenda for boosting long-term growth and living standards across Europe.
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Source: OECD
EDHEC-Risk Institute Newsletter-June Issue
June 19, 2018--FEATURE
Applying Goal-Based Investing Principles to the Retirement Problem
A major global pension crisis is threatening the two main pillars of pension systems, due to a combination of increasing demographic imbalances and decreasing economic productivity growth.
In parallel, defined-benefit arrangements, which used to be dominant among occupational pension schemes, are progressively being closed and replaced by defined-contribution arrangements for new workers. Mathematically, the retirement investing problem can be laid out as follows: maximise the probability of reaching a target level of replacement income in retirement, while securing a minimum level.
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Source: EDHEC-Risk Institute
Invesco unveils first Saudi Arabia-focused ETF in Europe
June 18, 2018--Invesco has launched Europe's first Saudi Arabia ETF, the company has announced.
The Invesco MSCI Saudi Arabia Ucits ETF, will offer investors pure passive exposure to the largest economy in the Middle East. It is available in US dollars on the London Stock Exchange.
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Source: citywireselector.com
Secret ETF Trades Revealed by MiFID Point to Market 70% Larger
June 18, 2018--Off-exchange venues traded more ETFs than exchanges did in May
Even more ETF trades remain hidden in systematic internalizers
The value of European exchange-traded funds that are changing hands is more than 70 percent greater than previously reported, one indication of the transparency that MiFID II is bringing to the opaque world of off-exchange trading.
Traders have bought and sold an average of 121 billion euros ($140 billion) of ETFs a month this year. In 2017, the monthly average stood at 71 billion euros, according to data that was compiled by Flow Traders NV, Europe's largest trader of the securities.
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Source: Bloomberg
Solactive strengthens ties with LGIM launching a new suite of equity and fixed-income ESG indices
June 18, 2018--Solactive has released the Solactive L&G ESG Index Family targeted at investors who wish to go further in integrating ESG factors into their investment strategy.
This launch is the result of collaboration between Solactive and Legal & General Investment Management (LGIM), which combines LGIM’s proprietary Environmental, Social and Governance (ESG) scoring system- with Solactive's multi-asset expertise in the development of innovative indices.
With this new launch, Solactive expands its range of ESG indices, offering exposure to each region in the Developed Markets Equity universe, including Asia-Pacific, Europe, Japan, North America, and the UK.
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Source: Solactive AG
Thomson Reuters-Monday Morning Memo: Review of the European ETF Market, May 2018
June 18, 2018--The promoters of ETFs in Europe enjoyed net inflows for May, which in combination with a generally positive market environment, led to increasing assets under management in the European ETF industry (€663.7 bn, up from €651.9 bn at the end of April 2018).
The increase of €11.8 bn for May was driven by the performance of the underlying markets (+€10.3 bn), while net sales contributed €1.5 bn to the increase in assets under management in the European ETF segment.
With regard to the overall number of products, it was not surprising that equity funds (€475.9 bn) held the majority of the assets, followed by bond funds (€155.8 bn), commodity products (€21.0 bn), "other" funds (€6.6 bn), money market funds (€3.4 bn), mixed-asset funds (€0.7 bn), and alternative UCITS products (€0.4 bn).
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Source: Detlef Glow, Thomson Reuters
Britain's FCA to probe impact of EU asset management rules
June 18, 2018--Britain's regulator will launch an investigation into the impact of new European Union rules on the asset management industry after concerns were raised about how they affect the pricing of investment research and other issues.
The change in rules was aimed at pushing more stock trading onto regulated public exchanges, where prices are visible to all, and giving retail investors more information about potential investment returns.
The rules-the Markets in Financial Instruments Directive II (MiFID II) and the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation-for some funds, came into force in January.view more
Source: gulf-times.com