Solactive launches Industrial Robotics & Automation Index
February 22, 2018--icensed to Commerzbank for structured products
Solactive introduces the Solactive Industrial Robotics & Automation Index, a thematic index tracking companies providing robotics and automation solutions in an industrial context.
The index holds globally listed companies with a minimum market capitalization of USD 1 billion operating in sectors such as factory automation equipment, semiconductors, industrial machine parts, and programmable logic devices. The index rules only select companies with positive one-year return. In this way, the composition is tilted towards companies whose success in these areas is corroborated by their stock’s performance over the previous twelve months.
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Source: Solactive
SIX Swiss Exchange New listings
February 22, 2018--New Listings on the SIX
On 22.02.2018-PowerShares Source lists 3 bond ETFs
PIMCO Eur ST Hi Yld Corp Bond Index Source UCITS ETF EUR Ac
PIMCO Eur ST Hi Yld Corp Bond Index Source UCITS ETF EUR In
On 19.02.2018-Lyxor lists an ETF on Korea-LYXOR MSCI KOREA UCITS ETF
On 15.02.2018-PowerShares Source listed 3 bond ETFs
PowerShares Emerging Markets USD Bond UCITS ETF
PowerShares Euro Corporate Bond UCITS ETF and PowerShares USD Corporate Bond UCITS ETF
On 14.02.2018 Amundi listed4 ETFs
AMUNDI CAC 40 UCITS ETF DR-EUR (C)
AMUNDI EURO STOXX 50 UCITS ETF DR-DAILY HEDGED USD (C)
AMUNDI EURO STOXX 50 UCITS ETF DR-EUR (C) and AMUNDI EURO STOXX 50 UCITS ETF DR-USD (C)
on 14.02.2018 xtrackers listed 1 bond ETF
Xtrackers USD High Yield Corporate Bond UCITS ETF
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Source: SIX Swiss Exchange
IMF-Departmental Papers/Policy Papers-Revisiting the Economic Case for Fiscal Union in the Euro Area
February 21, 2018--Summary: The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetary Union (EMU) had stalled, and the way forward will benefit from an in-depth look at the conceptual issues raised by the evolution and architecture of Europe, and the tradeoffs involved.
A thorough look at the underlying economic issues suggests that in the long run, EMU will benefit from progressing along three mutually supporting tracks: introduce more fiscal risk sharing, helping to make the sovereign "no bailout" rule credible; complementary financial sector reforms to delink sovereigns and banks; and more effective rules to discourage moral hazard. This evolution would ensure that financial markets provide incentives for fiscal discipline. Introducing more fiscal union comes with myriad legal, technical, operational, and political problems, raising questions well beyond the remit of economics. But without decisive progress to foster fiscal risk sharing, EMU will continue to face existential risks.
Deutsche Bank takes first step towards DWS listing
February 20, 2018--Lender plans March float for unit with €700bn in assets under management.
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Source: FT.com
Official Statistics: Forecasts for the UK economy: February 2018
February 20, 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.
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Source: HM Treasury
Thomson Reuters-Monday Morning Memo: Review of the European ETF Market, January 2018
February 19, 2018--The promoters of ETFs enjoyed for January the highest monthly net inflows ever. The assets under management in the European ETF industry (€652.9 bn) increased for January, up from €632.5 bn at the end of December 2017.
The increase of €20.4 bn for January was driven by net sales (+€12.5 bn), while the performance of the underlying markets contributed €7.8 bn to the assets under management in the ETF segment.
With regard to the overall number of products, it was not surprising that equity funds (€464.3 bn) held the majority of the assets, followed by bond funds (€150.2 bn), commodity products (€19.0 bn), "other" funds (€6.6 bn), money market funds (€2.8 bn), mixed-asset funds (€0.7 bn), and alternative UCITS products (€0.4 bn).
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Source: Thomson Reuters
Euro area investment fund statistics: fourth quarter of 2017
February 19, 2018--In the fourth quarter of 2017 the outstanding amount of shares/units issued by investment funds
other than money market funds was €11,212 billion, which is €282 billion higher than in the third
quarter of 2017.
Investment funds other than money market funds increased their holdings of both equity and
debt securities issued by the rest of the world.
Holdings of equity issued by euro area residents
increased as well, albeit at a weaker pace. At the same time, holdings of debt securities issued
by euro area residents remained largely unchanged.
Equity funds registered an inflow of €58 billion in the fourth quarter of 2017, and mixed funds experienced an inflow of €45 billion.
The outstanding amount of shares/units issued by money market funds was €1,144 billion, €10 billion lower than in the third quarter of 2017.
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Source: ECB
Vanguard creates new European stewardship team
February 18, 2018--Vanguard is to establish a new European stewardship team in a push by the world's second largest asset manager to drive up corporate governance standards across Europe.
The creation of the new London team follows mounting criticism of Vanguard for failing to use its clout as one of the world's largest...
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Source: FT.com
Mifid drives ETF trading on to platforms
February 16, 2018--Best execution rules push Tradeweb ETF volumes up 32%, but smart order routers may alter trend
New European market rules have triggered a surge in trading volumes of exchange-traded funds on platforms, but ETF market-makers believe this sudden dominance will be short-lived.
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Source: Risk.net
New UBS Global Asset Management equity index ETF with focus on sustainability launched on Xetra Equity index ETF provides worldwide access to companies with high ESG rating
February 16, 2018--A new exchange traded fund issued by UBS Global Asset Management has been tradable on Xetra and Börse Frankfurt since Friday.
The new equity index ETF enables investors to participate in the performance of companies around the world that meet strict sustainability criteria.
The reference index comprises the shares of large and medium-sized companies from 23 industrialised countries with particularly high environmental, social and governance (ESG) ratings, and excludes companies whose products have negative social or environmental effects. The weighting is limited to five percent per index component.
Name: UBS ETF-MSCI World Socially Responsible UCITS ETF (USD) A-acc
Asset class: equity index ETF
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Source: Deutsche Börse Cash Market