ESMA promotes consistent (anti-)procyclicality margin measures for CCPs
May 28, 2018--The European Securities and Markets Authority (ESMA) has issued today final guidelines on anti-procyclicality margin measures for central counterparties (CCPs) under the European Market Infrastructure Regulation (EMIR).
The Guidelines seek to establish consistent, efficient and effective supervisory practices and to ensure a common, uniform and consistent application of EMIR in order to limit procyclicality of CCP margins.
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Source: ESMA
Deka product manager joins VanEck
May 25, 2018--US ETF provider Vaneck has expanded its European ETF business and has appointed Dominik Schmaus as its new product manager.
Based in Frankfurt, Schmaus will support the company in the development of new products and help to further expand the product offering for European customers.
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Source: Investmenteurope.net
ESMA updates Q&A on MiFIR data reporting
May 25, 2018--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) on data reporting under the Market in Financial Instruments Regulation (MiFIR).
The Q&As provide clarifications in relation to the requirements for submission of transaction reports and reference data under MiFIR.
In particular, the Q&As relate to Complex Trades and National client identifiers for natural persons.
The Q&A on complex trades provides new answers on reporting transactions and reference data for instruments where the execution results in a complex trade as defined under Article 12 of RTS 22.
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Source: Deutsche Börse Cash Markets
New SPDR ETF on global convertible bonds launched on Xetra
May 24, 2018--A new exchange traded fund issued by State Street Global Advisors is tradable on Xetra and Börse Frankfurt as of Thursday.
The new bond index ETF gives investors access to the global convertible bond market. The reference index comprises investment grade and non-investment grade convertible bonds as well as instruments without a rating.
The convertible bonds can be fixed or floating rate. The index components must meet certain minimum size requirements in their national currency for inclusion in the reference index. The ETF uses a hedging strategy to minimise the exchange rate risk between the base currency of the index components and the euro.
Name: SPDR Thomson Reuters Global Convertible Bond UCITS EUR Hdg ETF (Acc)
Asset class: bond index ETF
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Source: Deutsche Börse Cash Markets
New Invesco ETFs on global corporate bonds launched on Xetra
May 24, 2018--Two new exchange traded funds issued by Invesco are tradable via Xetra and Börse Frankfurt as of Thursday
The new bond index ETFs enable investors to participate in the performance of floating rate corporate bonds.
The reference index comprises investment grade bonds issued by industrial companies, utilities and financial institutions worldwide. The bonds must also have been issued within the last 2.5 years, have an original term of at least 2.5 years and a residual maturity of at least one month.
The Invesco Euro Floating Rate Note UCITS ETF EUR Dist invests in euro-denominated bonds with a minimum amount outstanding of €500 million. The Invesco USD Floating Rate Note UCITS ETF EUR Hdg Dist invests in US dollar-denominated bonds with a minimum amount outstanding of US$500 million. This ETF uses a hedging strategy to minimise the exchange rate risk between the US dollar and the euro.
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Source: Deutsche Börse Cash Markets
New iShares ETF on US banking sector launched on Xetra
May 24, 2018--A new exchange traded fund issued by iShares is tradable on Xetra and Börse Frankfurt as of Thursday.
The equity index ETF enables investors to participate in the performance of the US banking sector. Companies must belong to the banking sector and be a member of the S&P 900 index in order to be included in the reference index.
The reference index is weighted by market capitalisation, with the weighting of the largest components capped at 7 percent and the remaining index components capped at 4 percent.
Name: iShares S&P U.S. Banks UCITS ETF
Asset class: equity index ETF
ISIN: IE00BD3V0B10
Ongoing charges p.a.: 0.35 percent
Distribution policy: accumulating
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Source: Deutsche Börse Cash Markets