Versatility of ETFs Driving Usage Among European Institutions
May 15, 2018--Growing Demand For ESG To Boost Use Of ETFs
Facing a set of fast-changing global market conditions, European institutional investors are utilizing the versatility of exchange-traded funds (ETFs) to adjust their portfolios, and integrating ETFs more deeply into both tactical and strategic investment processes and strategies.
The 125 institutions participating in the recent Greenwich Associates European ETF Study are contending with a host of challenges, including the return of volatility to global capital markets, the looming shift to a rising-rate environment, the impending end of European Central Bank bond buying and the ongoing implementation of MiFID II and other new regulations.
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Source: Greenwich Associates
Source co-founder launches fixed income ETF firm
May 15, 2018--MJ Lytle opens Tabula Investment Management with ex-GLG COO Hasan Sabri
Former Source ETF co-founder Michael John Lytle and ex-GLG COO Hasan Sabri are launching a fixed income ETF firm aimed at European institutional investors.
London-based Tabula Investment Management is set to launch its first ETF soon and will then seek to expand its offering across the fixed income spectrum.
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Source: hfm.global
London Stock Exchange New Listing
May 14,2018--Notice of Admission to trading on the London Stock Exchange.
Boost-4 ETfs
2 DBX Xtrackers ETCs
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Source: London Stock Exchange Group
New Lyxor ETFs with sustainability focus launched on Xetra
May 14, 2018--Three new exchange traded funds issued by Lyxor International Asset Management are tradable on Xetra and Börse Frankfurt as of Monday.
The three ETFs enable investors to participate in the performance of stock corporations with a particularly high rating in environmental, social and governance factors (ESG).
The reference indices comprise large and medium-sized companies that have a high ESG rating in their respective sector, while those companies whose products have negative social or environmental effects being excluded. The three ETFs provide a choice of investment in the euro zone,the USA or around the world.
Name: Lyxor MSCI EMU ESG Trend Leaders (DR) UCITS ETF
Asset class: equity index ETF
ISIN: LU1792117340
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Source: Deutsche Börse Cash Markets
Germany: Staff Concluding Statement of the 2018 Article IV Mission
May 14, 2018--Germany's economic performance is impressive, supported by prudent economic management and past structural reforms. Growth is robust. The unemployment rate has fallen to levels not seen in decades and employment is rising. Household and corporate balance sheets are strong and the public debt ratio is declining rapidly.
Inflation remains low but wage growth is picking up, reflecting the strength of the labor market. Looking beyond these positive cyclical developments and in an environment of unfavorable demographics, boosting productivity growth and investment would raise the long-term growth potential and reduce the persistently large current account surplus. The new government's coalition agreement contains several welcome measures which will continue to address some of these challenges. Yet, the current favorable economic environment provides an opportunity for the new government to take more forceful policy actions.
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Source: IMF
Thomson Reuters-Monday Morning Memo: The Market Concentration by Fund Domicile is No Reason to Worry
May 14, 2018--It is no secret that the European fund market is quite fragmented in some areas. But when it comes to the market concentration of fund domiciles, the picture changes from fragmented to rather concentrated. According to our European fund market report for Q1-2018, there were 34 fund domiciles in Europe, accounting for 10.54 trillion euros of assets under management.
It is no surprise that the international fund hubs Luxembourg (33.56% market share) and Ireland (16.58%) were the largest fund domiciles, since the vast majority of the so-called cross-border funds (funds sold in more than one country) are domiciled in these two countries, while "local" funds (funds domiciled in a single country and mainly sold in that country) play a smaller role. That said, the combined market share of Luxembourg and Ireland (50.14%) does not look exceptionally dominant at the moment.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lippe
Neue Lyxor-ETFs mit Fokus auf Nachhaltigkeit auf Xetra gestartet
14.Mai 2018--Seit Montag sind drei neue Exchange Traded Funds des Emittenten Lyxor International Asset Management über Xetra und Börse Frankfurt handelbar.
Mit den drei ETFs erhalten Anleger die Möglichkeit, an der Wertentwicklung von Aktienunternehmen zu partizipieren, die ein besonders hohes ESG-Rating im Bereich Umweltschutz, soziale Verantwortung und Unternehmensführung (Environment, Social & Governance) aufweisen.
Die Referenzindizes umfassen große und mittelgroße Unternehmen, die in ihrem Wirtschaftßektor über ein hohes ESG-Rating verfügen. Unternehmen, deren Produkte negative soziale oder ökologische Auswirkungen haben, werden hingegen nicht berücksichtigt. Mit den drei ETFs können Anleger zwischen einem Investment in der Eurozone, den USA sowie einem weltweiten Investment wählen.
mehr/a> IMF Regional Economic Outlook Europe: Managing the Upswing in Uncertain Times Inflation and wage growth remain subdued in most advanced economies and are projected to gather pace only very gradually, given slack in labor markets. In central and eastern Europe, by contrast, where economies are cyclically much further ahead, wages are growing rapidly and inflation is expected to pick up appreciably in 2018, potentially affecting competitiveness. view the IMF Regional Economic Outlook Europe: Managing the Upswing in Uncertain Times Few funds sold to retail investors beat benchmark after fees view more
Solactive launches Media and Communications Index tracked by BMO Global Communications Index ETF
Starting from the Solactive GBS Developed Markets Large & Mid Cap Index as the founding
universe, the index implements a sector-based filtering strategy selecting companies
operating in telecommunications, media and publishing services, communication equipment,
web-based data, and game software. view more If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: Deutsche Börse Cash Markets
May 14, 2018--Full Executive Summary
Europe continues to enjoy strong growth. Activity has firmed up in many economies, and the forecast is for more of the same. Real GDP increased by 2.8 percent in 2017, up from 1.8 percent in 2016. The expansion is largely driven by domestic demand. Credit growth has finally picked up, which is helping Europe's banks rebuild profitability.
While leading indicators have recently begun to ease, they remain at high levels. Accordingly, the forecast is for growth to stay strong, reaching 2.6 percent in 2018 and declining to 2.2 percent in 2019. Amid the good times, however, fiscal adjustment and structural reform efforts are flagging.
Source: IMF
May 13, 2018--Italian consultancy Prometeia say managers do not take enough active risk
Less than one in five of the funds sold to retail investors in Europe in the past three years outperformed their benchmark after fees were taken into account, says research by Prometeia.
The Italian consultancy examined the three-year record of 2,500 equity, bond and money market funds, with combined assets of €1.8tn, and found that only 18 per cent beat their benchmark. Absolute return, target date and alternative mutual funds were excluded from the analysis.
Source: FT.com
May 11, 2018--Tracked by BMO Global Communications Index ETF
Solactive is pleased to announce the release of the Solactive Media and Communications
Index, a free-float market-cap-weighted index intended to mirror the price movement
of global stocks in the media and communications industry.
The index includes companies operating in more traditional sectors, such as telecommunications and television broadcasting, and also companies operating in new media sectors, such as social media
and online streaming services.
Source: Solactive AG