Acreage Holdings Announces Closing of $119 Million Private Round-Largest in U.S. Cannabis History
July 19, 2018--The promoters of ETFs in Europe enjoyed net inflows for June. However, these inflows were not enough to offset the negative market impacts. As a result the assets under management in the European ETF industry decreased from €665.8 bn (as of May 31, 2018) to €660.4 bn at the end of June 2018.
The decrease of €5.4 bn for June was driven by the performance of the underlying markets (-€6.3 bn), while net sales contributed a positive €0.9 bn to the assets under management in the European ETF segment.
With regard to the overall number of products, it was not surprising that equity funds (€471.5 bn) held the majority of the assets, followed by bond funds (€156.5 bn), commodity products (€21.3 bn), "other" funds (€6.5 bn), money market funds (€3.4 bn), mixed-asset funds (€0.7 bn), and alternative UCITS products (€0.4 bn).
view more
Source: Detlef Glow, Thomson Reuters
New Vanguard ETF launched on Xetra: Equity ETF tracks DAX index
July 19, 2018--Since Thursday, a new exchange traded fund by Vanguard is tradable on Xetra and Börse Frankfurt.
The Vanguard DAX UCITS ETF gives investors the opportunity to invest in the performance of the 30 largest and highest-volume German companies listed in the Prime Standard of the Frankfurt Stock Exchange.
The stocks included in the DAX index represent around 80 percent of the market capitalisation of listed stock corporations in Germany.
view more
Source: Deutsche Börse Cash Market
Official Statistics: Forecasts for the UK economy: July 2018
July 18, 2018--Forecasts for the UK economy is a monthly comparison of independent forecasts.
Please note that this is a summary of published material reflecting the views of the forecasting organisations themselves and does not in any way provide new information on the Treasury's own views. It contains only a selection of forecasters, which is subject to review.
view more
Source: HM Treasury
Tradeweb European Exchange-Traded Funds Update-June 2018
July 18, 2018--The following data is derived from trading activity on the Tradeweb European-listed ETF platform.
ETF total traded volume
Activity on the Tradeweb European-listed ETF marketplace showed no signs of slowing down in June, as notional volume surpassed €23 billion for the second time on record.
The month also marked the end of the platform's second best-performing quarter since launch, with more than €62 billion executed in the April-June period.
view more
Source: Tradeweb
New appointment to the Management Board of Boerse Stuttgart cats GmbH
July 17, 2018--Michael Görgens will take over as member of the Management Board of Boerse Stuttgart cats GmbH on 1 August 2018.
He will succeed Rupertus Rothenhäuser, who is leaving the company at his own request to pursue a new career challenge. Michael Görgens will join Michael Jaeggi who has been a member of the board since 2017. Boerse Stuttgart GmbH acquired a majority stake in the cats off-exchange trading platform in 2014.
view more
Source: Boerse Stuttgart
ESMA finalises standards for the implementation of the Prospectus Regulation
July 17, 2018--The European Securities and Markets Authority (ESMA) has today issued regulatory technical standards (RTS) specifying the implementation of certain provisions in the Prospectus Regulation (PR).
ESMA's RTS cover the following areas of PR provisions:
Key financial information to be disclosed by issuers for the prospectus summary;
Data for classification of prospectuses and the practical arrangements to ensure that such data is machine readable;
Advertisements disseminated to retail investors;
Requirements to publish supplements to a prospectus;
Publication of a prospectus; and
Arrangements for the notification portal used for passporting prospectuses.
view more
Source: ESMA
ESMA updates Q&As on Benchmarks Regulation
July 17, 2018--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) on the Benchmarks Regulation (BMR).
The updated BMR Q&As provide new answers regarding the following topics:
Whether calculation agent should be considered users of benchmarks; and
Whether a benchmark can be considered as 'regulated-data benchmark' if a third party is involved in the process of obtaining the data.
view more
Source: ESMA
Personal Pensions-BETTER FINANCE Releases Research Findings On Life Cycle Pensions And Once More Requests That EU Policy Makers Ensure A Real Protection Of Personal Pension Savings
July 13, 2018--BETTER FINANCE welcomes the recent opinions of the Committee on Employment and Social Affairs (EMPL) and the Committee on Internal Market and Consumer Protection (IMCO) on the proposed "PEPP"1 EU Regulation, but remains concerned regarding the recent developments at the European Parliament and Council, in particular with regards to the capital "protection" and the tax treatment of the future PEPP.
To shed some light on the debate between the capital “guarantee" at retirement and the “life cycle" approaches for the default investment option of the PEPP, BETTER FINANCE just published an independent study on life-cycle approaches2.
view the BETTER FINANCE' research study, The Dispersion of Risk Mitigation Techniques in Life Cycle Pensions
Source: Betterfinance.eu
European Commission-Summer 2018 Interim Economic Forecast: Resilient Growth amid increased uncertainty
July 12, 2018--Growth is set to remain strong in 2018 and 2019, at 2.1% this year and 2% next year in both the EU and the euro area.
However, after five consecutive quarters of vigorous expansion, the economic momentum moderated in the first half of 2018 and is now set to be 0.2 percentage points lower in both the EU and the euro area than had been projected in the spring.
Growth momentum is expected to strengthen somewhat in the second half of this year, as labour market conditions improve, household debt declines, consumer confidence remains high and monetary policy remains supportive.
view the Summer 2018 Interim Economic Forecast: Resilient growth amid increased uncertainty
Source: European Commission
More than 1,300 ETFs on Xetra
July 12, 2018--With the two new iShares ETFs launched on Xetra and Börse Frankfurt today, the number of products listed in the ETF segment of Deutsche Börse has exceeded the 1,300 mark for the first time. Since the beginning of the year alone, there have been 115 new listings. The iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist) ETF enables to invest in US equity companies with a particularly high ESG rating.
The benchmark index includes companies from the MSCI USA that are well rated in the areas of environmental, social and governance. Companies involved in the production of weapons, tobacco, genetically modified plants or nuclear power are excluded.
Name: iShares MSCI USA SRI UCITS ETF EUR Hedged (Dist)
Asset class: Equity ETF
ISIN: IE00BZ173V67
Ongoing charges: 0.33 %
Distribution policy: distributing
Reference index: MSCI USA SRI Net Total Return USD Index
The iShares USD Treasury Bond 3-7yr UCITS ETF USD (Dist) ETF gives investors the opportunity to participate in the performance of euro-denominated US investment grade government bonds.
view more
Source: Deutsche Börse Cash Market
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.