Brexit: Council (Article 50) adopts negotiating directives on the transition period
January 29, 2018--The Council, meeting in EU27 format, adopted supplementing negotiating directives for the Brexit negotiations, which detail the EU27 position regarding a transition period.
These negotiating directives provide the Commission, as the EU negotiator, with a mandate to start discussions with the United Kingdom on this matter.
Duration of the transition period
The guidelines of the European Council (Article 50) of 15 December 2017 stated that transitional arrangements must be clearly defined and precisely limited in time. The proposed end date for the transition period in the negotiating directives is 31 December 2020.
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Source: European Council
SPDR Bloomberg Barclays Global Aggregate Bond UCITS ETF launched on Xetra
January 29, 2018--Bond index ETF invests in investment-grade fixed-income bonds worldwide
A new exchange traded fund (ETF) issued by State Street Global Advisors has been tradable on Xetra and Börse Frankfurt since Monday.
The SPDR Bloomberg Barclays Global Aggregate Bond UCITS ETF enables investors to participate in the performance of investment-grade fixed-income bonds. The reference index includes government and corporate bonds from both developed and emerging markets issuers. In addition, the ETF also invests in government-related bonds and in other securities, such as mortgage-backed bonds.
Name: SPDR Bloomberg Barclays Global Aggregate Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00B43QJJ40
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Source: Deutsche Börse Cash Market
Thomson Rueters-Monday Morning Memo: European Investors Show for 2017 an Increased Appetite for Risk-European Fund Industry Review, 2017
January 29, 2018--Looking at the headline figures, the year 2017 could be considered a good year for the European fund industry, since the assets under management (+€10.4 tr) hit an all-time high at the end of December. In addition, the European fund industry enjoyed a new record in net inflows (+€756.9 bn) over the course of 2017.
But not all funds and fund promoters benefited from the massive inflows into mutual funds over the course of 2017. In addition, the European fund industry witnessed an increasing number of mergers and acquisitions. That would not be surprising if only small companies were bought by large ones, but we also experienced, for example, the merger between Aberdeen Asset Management and Standard Life in the active space and the acquisition of Source by Invesco Powershares. This brought the rather-small European business of Powershares into the ten top European ETF promoters by assets under management
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
HANetf appoints BNY Mellon as asset servicing provider
January 29, 2018--Europe's first independent 'white label' UCITS ETF platform offers asset managers the infrastructure to build and launch ETFs into Europe without having to establish their own full-service business
BNY Mellon, a global leader in investment management and investment services, has been appointed by HANetf, Europe's first independent 'white label' UCITS Exchange Traded Funds (ETF) platform, to provide custody, administration and trustee services. HANetf will this year launch an Irish domiciled platform available to new entrants to the ETF market.
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Source: BNY Mellon
ECB-Monetary developments in the euro area: December 2017
January 26, 2018--The annual growth rate of the broad monetary aggregate M3 decreased to 4.6% in December
2017, from 4.9% in November.
The annual growth rate of the narrower aggregate M1, which includes currency in circulation and overnight deposits, decreased to 8.6% in December, from 9.1% in November.
The annual growth rate of adjusted loans to households stood at 2.8% in December, unchanged from the previous month.
The annual growth rate of adjusted loans to non-financial corporations decreased to 2.9% in December, from 3.1% in November.
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Source: ECB
New ETF Listing on Euronext-OSSIAM ETF MOOC
January 26, 2018--Euronext is pleased to announce that OSSIAM LUX will list 1 new ETF on 30/01/2018 :
ISIN:LU1093307442
ETF Trading name:OSSIAM ETF MOOC
ETF Symbol: MOOC
Venue: Euronext Market
Underlying index: SOLACTIVE MOODY'S ANALYTICS IG EUR Select Credit Index
TER (%): 0,35
Euronext now offers 759 Trackers listed on the European markets.
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Source: Euronext
Deutsche Borse ends Asia expansion plans
January 26, 2018--Deutsche Börse, Europe's largest exchanges operator, is ending plans to expand in Asia with investors preferring to trade popular instruments like Stoxx futures in its home German market.
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Source: FT.com
JP Morgan AM launches trio of fixed income ETFs
January 26, 2018--JP Morgan Asset Management is set to launch three fixed income ETFs in Europe as part of the group's first wave of ETF listings in the region.
The new quantitatively-managed strategies will be JPM AM's first fixed income ETFs in Europe, which come after increasing demand from investors.
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Source: citywireselector.com
Solactive launches Sustainability Index Europe-New index developed in conjunction with Deutsche Bank and Arabesque S-Ray(R)
January 25, 2018--Solactive today announced the launch of the Solactive Sustainability Index Europe, which was developed with Deutsche Bank, and is designed to track the performance of environmentally and socially responsible European companies, based on the data-driven platform Arabesque S-Ray(R).
Arabesque S-Ray(R) is the first tool of its kind that uses machine-learning and algorithm-based technology to rate companies on the principles of the United Nations Global Compact: Human Rights, Labour Rights, the Environment, and Anti-Corruption (GC Score).
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Source: Solactive AG
Lyxor Green Bond (DR) UCITS ETF launched on Xetra
January 24, 2018--Bond index ETF invests in bonds with focus on sustainability
A new exchange traded fund (ETF) issued by Lyxor has been tradable on Xetra and Börse Frankfurt since Wednesday.
The Lyxor Green Bond (DR) UCITS ETF enables investors to participate in the performance of green bonds issued by investment- US dollars.
Green bonds are issued to finance sustainable projects with a positive environmental impact. The exchange rate risk between the US dollar and the euro is minimised.
Name: Lyxor Green Bond (DR) UCITS ETF-Monthly hedged
Asset class: bond index ETF
ISIN: LU1563454823
Ongoing charges: 0.30 percent
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Source: Deutsche Börse Cash Market