New Ossiam active ETF on sustainable US companies launched on Xetra
May 30, 2018--A new active exchange traded fund issued by Ossiam is tradable on Xetra and Börse Frankfurt as of Wednesday.
The active ETF enables investors to participate in the performance of US stock corporations with a high ESG rating.
Index components must be included in the Shiller Barclays CAPE US Sector Value Net TR Index and are selected by means of an active investment strategy based on environmental, social and governance factors as well as the company's carbon footprint.
Name: Ossiam ESG Low Carbon Shiller Barclays CAPE US Sector UCITS ETF
Asset class: equity index ETF
ISIN: IE00BF92LV92
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Source: Deutsche Börse Cash Markets
Amundi adds to ESG push with corporate bond ETF launch
May 30, 2018--Amundi has launched a socially responsible US corporate bond ETF, in line with a growing market-wide trend towards passive ESG products.
The Amundi Index US Corp SRI-Ucits ETF DR invests in US dollar denominated investment grade corporate bonds, while applying an environmental, social and governance filter.
The ESG criteria exclude issuers involved in alcohol, tobacco, military weapons, gambling, adult entertainment, GMO and nuclear power.
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Source: citywireselector.com
New iShares ETF on Indian stock corporations launched on Xetra
May 30, 2018--A new exchange traded fund issued by iShares is tradable on Xetra and Börse Frankfurt as of Wednesday.
The ETF enables investors to participate in the performance of high and mid-cap Indian stock corporations. The MSCI Emerging Markets India Net TR (USD) Index comprises equities from Indian companies that meet certain MSCI size, liquidity and free-float criteria.
The reference index currently comprises 79 companies and thus covers around 85 percent of the Indian equity universe.
Name: iShares MSCI lndia UCITS ETF
Asset class: equity index ETF
ISIN: IE00BZCQB185
Ongoing charges p.a.: 0.65 percent
Distribution policy: distributing
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Source: Deutsche Börse Cash Markets
ESMA updates its EMIR Q&As
May 31, 2018--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding the implementation of the European Market Infrastructure Regulation (EMIR).
The Q&A provides clarification reporting to trade repositories.
The purpose of these Q&As is to promote common supervisory approaches and practices in the application of EMIR. They provide responses to questions posed by the general public and market participants in relation to the practical application of level 1 and level 2 provisions relating to transparency and market structures issues.
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Source: ESMA
ESMA updates its MiFID II / MiFIR Q&As on transparency and market structures topics
May 29, 2018--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers regarding transparency and market structures issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
The Q&A provides clarification on the following topics:
the requirements to publish information on post-trade data 15 minutes after publication free of charge;
the publication of transactions and how to populate the field 'publication date and time';
pre-trade transparency requirements for voice trading systems;
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Source: ESMA
Solactive Global Benchmark Series kicks off with the Global Developed Markets Large & Mid Cap Equity Index Family
May 29, 2018--Solactive has decided to take its benchmark offering to the next level by introducing its proprietary Global Benchmark Series (GBS). The Solactive Global Benchmark Series is one of the largest projects undertaken by the German index provider.
Once completed, the GBS will include around 2,000 equity indices, covering developed and emerging markets based on the Solactive Country Classification Framework.
The Solactive Developed Markets Large & Mid Cap benchmark indices aim to track the performance of 23 developed countries covering the top 85% in terms of free float market capitalization. The construction of the GBS follows a consistent bottom-up approach.
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Source: Solactive AG
Invesco launches floating rate note ETFs on LSE, Xetra
May 29, 2018--Invesco is launching two floating rate note ETFs on Xetra, denominated in euros, and one more on the LSE, denominated in dollars, as it sees increasing investor demand for products that can help with concerns around rising interest rates.
The ETFs come after data suggests some 20% of flows to European fixed income ETFs went to FRN ETFs in 2017, and some 55% in the first quarter of 2018.
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Source: Investmenteurope.net
IMF Staff Country Reports-Kingdom of the Netherlands-Netherlands: Selected Issues
May 28, 2018--WAGE MODERATION IN THE NETHERLANDS1
A. Introduction
1. Wage growth has been subdued in the Netherlands despite tighter labor market
conditions in recent years. With employment growth picking up since 2014 and labor force participation rising steadily, the unemployment rate has been falling from close to 8 percent in
2014 to 4.4 percent in last quarter of 2017, back to the pre-crisis range.
However, nominal wage growth remains subdued at around one percent and real wage growth close to zero, much lower
than the wage growth before the crisis. This seems to suggest a flattening of the wage Phillips
curve where falling unemployment fails to generate higher wage growth.
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Source: IMF
Monday Morning Memo: European Investors Continue in "Risk-on" Mode
May 28, 2019--Even though the market environment turned negative, April was the sixteenth consecutive month showing a positive picture for long-term mutual fund flows.
European fund promoters enjoyed net inflows into mixed-asset funds (+€5.0 bn), followed closely by equity funds (+€5.0 bn) and alternative UCITS funds (+€3.4 bn) as well as bond funds (+€1.7 bn), commodity funds (+€1.5 bn), "other" funds (+€0.9 bn) and real estate funds (+€0.2 bn).
These fund flows added up to overall net inflows of €17.6 bn into long-term investment funds for April. ETFs contributed €0.5 bn to these inflows.
Money Market Products
After posting net outflows for February and March, money market funds were the best-selling asset type overall for April (+€10.6 bn). In line with their actively managed peers, ETFs investing in money market instruments posted net inflows of €0.1 bn.
This flow pattern led the overall fund flows to mutual funds in Europe to overall net inflows of €28.2 bn for April and to estimated net inflows of €125.8 bn for the year 2018 so far.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lippe
ESMA updates Q&A on Short-Selling Regulation
May 28, 2018--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) on the Short-Selling Regulation (SSR).
The overall SSR Q&A revises a pre-existing answer regarding locate arrangements, further specifying the requirements for 'easy-to-borrow and purchase' lists.
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Source: ESMA