Swiss Stock Exchange Operator Plans to Launch Crypto Exchange
July 6, 2018--SIX, the firm that operates and owns the Swiss stock exchange, has announced plans to launch a fully regulated digital cryptocurrency exchange.
The firm says it plans to launch "the first market infrastructure in the world" which will "offer a fully integrated end-to-end trading" while providing a safe environment where digital assets can be issued and existing securities and non-bankable assets can be tokenized.
view more
Source: bitcoinmagazine.com
IMF Working paper-Trend Inflation and Inflation Compensation
July 6, 2018--Summary:
This paper incorporates market-based inflation expectations to the growing literature on trend inflation estimation, and finds that there has been a significant decline in euro area trend inflation since 2013. This finding is robust to using different measures of long-term inflation expectations in the estimation, both market-based and surveys.
That evidence: (i) supports the expansion of ECB's UMP measures since 2015; (ii) provides a metric to monitor long-term inflation expectations following their introduction, and the likelihood of a sustained return of inflation towards levels below, but close to, 2% over the medium term.
view the IMF Working paper-Trend Inflation and Inflation Compensation
Source: IMF
Two new UBS ETFs on Xetra: multifactor strategies for equities from the EMU or industrialised countries worldwide
July 5, 2018--Two exchange traded funds (ETFs) issued by UBS Global Asset Management have been tradable on Xetra and Börse Frankfurt since Thursday.
The two equity ETFs enable investors to participate in the performance of companies selected on the basis of the six risk factors of momentum, value, quality, return, volatility and size.
UBS ETF-MSCI EMU Select Factor Mix UCITS ETF (EUR) A-acc comprises small, mid and large cap companies from the European Monetary Union.
UBS (Irl) ETF plc-MSCI World Select Factor Mix UCITS ETF (USD) A-dis comprises companies from a total of 23 different industrialised countries.
view more
Source: Deutsche Börse Cash Market
WisdomTree ETFs on Xetra: investment-grade euro bonds
July 5, 2018--Four new exchange traded funds issued by WisdomTree are tradable on Xetra and Börse Frankfurt as of Thursday.
The four new bond ETFs enable investors to participate in the performance of investment-grade fixed-income bonds denominated in euros.
The bonds included in the reference indices have a remaining maturity of at least one year and an outstanding volume of at least €300 million. In each case, investors can choose between an accumulating and a distributing unit class.
WisdomTree EUR Government Bond Enhanced Yield UCITS ETF- EUR and WisdomTree EUR Government Bond Enhanced Yield UCITS ETF-EUR Acc exclusively comprise government bonds from countries in the European Monetary Union.
view more
Source: Deutsche Börse Cash Market
Solactive combines ESG, low volatility, and high dividend yield in new index concept
July 5, 2018-Solactive is pleased to announce the launch of the Climate and Energy Transition Index, an index tracking the performance of companies that show the best commitment to energy transition in their sectors while exhibiting low volatility and high dividend yield characteristics.
The index is based on a methodology developed by Natixis in collaboration with Sustainalytics, a leading global provider of Environmental, Social, and Governance (ESG) research and ratings.
view filing
Source: Solactive AG
Germany's Economic Outlook in Six Charts
July 5, 2018--Germany's economic performance has been impressive, with growth rising to 2.5 percent in 2017. The current upswing presents a golden opportunity for bolder action to address the country's medium-term challenges and shape a brighter future, said the IMF in its latest annual assessment of the economy.
1. Germany's economic momentum is expected to persist in 2018. Business investment is expected to be dynamic. With strong job growth and unemployment falling to new post-reunification lows, rising wages should provide a boost to private consumption. Higher wage growth and stronger imports would also help bring down Germany's large current account surplus, which stood at 8¼ percent of GDP in 2017.
view more
Source: IMF
Brexit prompts asset managers to revamp distribution strategies
July 4, 2018--Brexit prompts asset managers to revamp distribution strategies. New products likely to be launched in Luxembourg, Ireland and UK, says State Street
view more
Source: FT.com
Xetra-Gold has over 180 tons of gold in custody
July 4, 2018--Half-year report: Growth of six tonnes since the beginning of the year / Europe's largest gold security with physical deposit
The gold holdings of Xetra-Gold (ISIN: DE000A0S9GB0) amounted to 181.34 tonnes at the end of the first half. At the beginning of the year, they amounted to 175.04 tonnes.
he holdings always increase when investors buy Xetra-Gold units via the stock exchange. Exactly one gram of gold is deposited in the central vault for German securities in Frankfurt for each unit. The assets under management of Xetra-Gold currently amount to around 6.3 billion euros. This makes Xetra-Gold the leading gold security in Europe with a physical deposit.
Of all commodities traded on Xetra (Exchange Traded Commodities, ETC), Xetra-Gold is the security with the highest turnover. In the first half of 2018, order book turnover was 1.29 billion euros.
view more
Source: Deutsche Börse Cash Market
SocGen to buy Commerzbank's equity markets and commodities arm
July 3, 2018--The two banks did not disclose a price for the transaction.
Although Commerzbank said on Tuesday that its EMC division had 2017 gross revenues of 381 million euros ($443.18 million).
French bank Societe Generale said on Tuesday it will buy Commerzbank's equity markets and commodities business (EMC), strengthening its presence in areas such as derivatives, while the Frankfurt-based bank itself looks to sell off non-core assets.
view more
Source: CNBC
HANetf Commentary: The Case for Non- Transparent Active ETFs |Part 2
July 3, 2018--Addressing the Purists
In the previous article, HANetf looked at the potential for Active ETFs in Europe. While some ETF issuers have
launched active fixed income ETFs, the equivalent innovation in equities is being hampered by concerns about
transparency.
To address these issues and encourage the next wave of European ETF growth, HANetf proposes the introduction of non-transparent active ETFs.
Many ETF purists will be clutching their pearls at the thought. After all, we've been told for so long that ETFs are simple, transparent, index tracking funds. Isn't the very idea of a non-transparent ETF anathema against everything that ETFs are supposed to stand for?
view more
Source: HANetf
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.