Mifid II regime shines light on trading relations
April 29, 2018--From Monday, asset managers must show the top five brokers they have used for trading over a calendar year, for each class of financial instrument. They must also show they are getting the best prices on their share, bond and derivative deals.
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Source: FT.com
UK and Germany offer widest choice in ETFs and trackers
April 29, 2018--Low-cost tracker funds that follow an index are attracting growing interest from investors who have become disenchanted with the inconsistent performance and high fees of active managers that try to pick winning stocks.
The use of index trackers and exchange traded funds among retail investors in Europe lags well behind the US where ETFs are far more widely used by financial advisers.
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Source: FT.com
New SPDR-ETF on UK stock corporations launched on Xetra
April 27, 2018--ETF tracks around 98 percent of market capitalisation on UK market
A new exchange traded fund issued by State Street Global Advisors is tradable on Xetra and Börse Frankfurt as of Friday.
The SPDR FTSE UK All Share UCITS ETF (Dist) gives investors comprehensive access to the UK stock market.
The FTSE All-Share Index comprises all stock corporations that meet the size and liquidity criteria and are listed on the London Stock Exchange (LSE).It therefore covers the investment universes of the FTSE 100, FTSE 250 and FTSE Small Cap Index, and around 98 percent of the market capitalisation of the UK market. The index components are weighted according to their market capitalisation.
Name: SPDR FTSE UK All Share UCITS ETF (Dist)
Asset class: equity index ETF
ISIN: IE00BD5FCF91
Ongoing charges p.a.: 0.20 percent
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Source: Deutsche Börse Cash Markets
Euro area economic and financial developments by institutional sector: fourth quarter of 2017
April 27, 2018--Euro area saving (net, as a percentage of disposable income) was higher in the fourth quarter of
2017 than in the same quarter of the previous year. Total euro area non-financial investment
(net) increased owing to higher investment by households and non-financial corporations
(NFCs).
Euro area net lending to the rest of the world decreased compared with the year before.
The household debt to GDP ratio was lower compared with the previous year and decreased to 58.1%.
The debt-to-GDP ratio of non-financial corporations decreased compared with the year before and stood at 131.6%. Gross non-financial investment of NFCs increased at a lower annual rate (3.4% after 4.1% in the previous quarter).
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Source: ECB
Regulators wrestle with rapidly expanding ETF industry
April 26, 2018--As the exchange traded fund industry continues its record-breaking growth, are these investment vehicles sufficiently regulated?
The relentless pace of growth seen in the exchange traded fund industry is attracting the attention of both domestic and international regulators. Assets held in ETFs pushed through the $5tn barrier in January and show no signs of slowing.
The rapid expansion of these investment vehicles has left some wondering if the right regulations are in place to police them, particularly as the legislations currently in force were not written with ETFs in mind.
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Source: Professional Wealth Management
Flow Traders NV Annual General Meeting of Shareholders adopts all proposals
April 26, 2018--Flow Traders N.V. ("Flow Traders") announced today that its Annual General Meeting of Shareholders ("AGM") has adopted all proposals on the agenda of the AGM.
Most important resolutions and announcements are listed below.
Dividend
The Management Board announced the distribution of a dividend for the year 2017 of EUR 0.65 per share. As an interim dividend of EUR 0.30 per share was paid on 9 August 2017, the final dividend will be EUR 0.35 per share. The final dividend will be made payable on 4 May 2018. Ex-dividend date has been set at 30 April 2018.
Appointment of Folkert Joling as CTrO and member of the Management Board The AGM appointed Folkert Joling as Chief Trading Officer (CTrO) and member of the Management Board with effect from 26 April 2018 for a period of four years.
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Source: Flow Traders
VanEck launches global mining ETF on LSE
April 26, 2018--VanEck Europe has launched the VanEck Vectors Global Mining UCITS ETF (GDIG LN) on the London Stock Exchange, providing access to firms around the world which are operating in the mining industry. The new offering complements the firm's existing portfolio of ETFs which includes funds tracking the global gold mining sector.
"In a diversified portfolio, commodity companies are a valuable component primarily due to their strong fundamentals and inflation-protecting qualities," said Dominik Poiger, ETF portfolio management at VanEck.
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Source: etfstrategy.co.uk
Three new iShares ETFs launched on Xetra
April 25, 2018--ETFs offer access to small cap companies, to the automation and robotics industry, as well as to a diversified commodities portfolio
Three new exchange traded funds issued by iShares have been tradable on Xetra and Börse Frankfurt since Wednesday.
The iShares MSCI World Small Cap UCITS ETF gives investors access to lower market-cap MSCI World Index companies from developed markets. For inclusion in the reference index, constituent companies must fulfil MSCI size, liquidity and free float criteria.
The iShares Automation & Robotics UCITS ETF enables investors to participate in the performance of stock corporations that generate substantial earnings from the automation and robotics industry.
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Source: Deutsche Börse Cash Markets
Europe's artificial intelligence efforts to receive EU to put EUR 1.5bn EU boost
April 25, 2018--The EU is to boost investment in artificial intelligence by EUR 1.5 bn, the EU Commission announced on Wednesday, as part of a package of measures to boost Europe's competitiveness in the field of AI.
The Commission is proposing a three-pronged approach to increase public and private investment in AI, prepare for socio-economic changes, and ensure an appropriate ethical and legal framework. This follows a call from European leaders' for a European approach on AI.
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Source: EUBusiness
WisdomTree appoints Christopher Gannatti as Head of Research in Europe
April 25, 2018--WisdomTree reinforces its commitment to quality ETF research
WisdomTree, an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor, is pleased to announce the appointment of Christopher Gannatti as Head of Research for WisdomTree in Europe.
The move comes following WisdomTree's acquisition of ETF Securities' European exchange-traded commodity, currency and short-and-leveraged business. Gannatti moves from WisdomTree's headquarters in New York where he has worked since December 2010.
In his role Gannatti will lead the research team in Europe and ensure that clients receive up-to-date, expert insight into global macroeconomic and asset class specific developments; he will also support the UCITs platform globally.
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Source: WisdomTre