ESMA updates transparency calculations for MiFID II/MiFIR
January 18, 2018--The European Securities and Markets Authority (ESMA) has published today an extended version of the MiFID II/MiFIR transitional transparency calculations (TTC) for equity and bond instruments, adding further instruments.
The TTC for these additional instruments are displayed alongside the already published TTC that were published on 22 December 2017, which remain unchanged. ESMA has added today the applicable TTC for:
equity instruments, traded for the first time on a trading venue between 13 September 2017 and 2 January 2018 (included); and
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Source: ESMA
our new UBS Global Asset Management ETFs with focus on sustainability launched on Xetra Equity and bond index ETFs offer access to companies with a high ESG rating
January 18, 2018--Four new exchange traded funds (ETFs) issued by UBS Global Asset Management have been tradable on Xetra and Börse Frankfurt since Thursday.
The three new equity index ETFs enable investors to participate in the performance of companies that meet strict sustainability criteria either in Japan, the US or worldwide.
The reference indices comprise exclusively companies with a particularly high rating in the areas of environmental protection, social responsibility and governance (ESG) compared to their peers. The new bond ETF gives investors access to investment grade fixed-income corporate bonds with an MSCI ESG rating of BBB or higher, denominated in US dollars.
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Source: Deutsche Börse Cash Market
SIX Swiss Exchange ETF Market Report: 4th quarter 2017
January 17, 2018--This report provides detailed figures regarding the performance of SIX Swiss Exchange's ETF segment.
Today, SIX Swiss Exchange published the ETF Market Report[pdf]. Trading turnover on the Swiss ETF market grew significantly in Q4. ETF turnover totaled CHF 30.1 billion, up 18% on the previous quarter.
The number of trades in Q4 was up as against the previous quarter from 222'731 to 256'582 (+13.19%). Activity in new ETF admissions was brisk: 53 products from six different issuers boosted SIX Swiss Exchange's ETF offering.
2017: Another record-breaking year for ETFs
The ETF segment registered a trading turnover of CHF 116.4 billion, clearly beating the previous record set in 2016 by a substantial 12.2%. The number of transactions was also up, by 6.0% to 1'019'294.
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Source: SIX Swiss Exchange
Lyxor-ETF Money Monitor-January 2018
January 17, 2018--ETF flows slow, but fly past annual record
European ETF market flows slowed substantially in December 2017 to €4.2bn from €10.4bn in November. It was one of the lowest figures for any month in 2017. Nevertheless, flows still hit an all-time annual high of €93.9bn-a massive €20bn+ ahead of their previous record.
Flows into equities were still positive, but much slower than in previous months as interest in Japanese and European exposures cooled. In fact, we saw the first month of outflows from European equities in 2017. Flows did however surge into US equities with investors lured by the prospects for tax reform and the opportunities it could bring.
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Source: Lyxor
Official Statistics: Forecasts for the UK economy: January 2018
January 17, 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.
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Source: HM Treasury
New Amundi multifactor ETF on European companies launched on Xetra
Janaury 16, 2018--New Amundi multifactor ETF on European companies launched on Xetra
Smart beta ETF tracks performance of iSTOXX Europe Multi-Factor Market Neutral Index
A new exchange traded fund issued by Amundi has been tradable on Xetra and Börse Frankfurt since Tuesday.
The smart beta ETF aims to combine the potential long-term outperformance of various risk premiums on the market for European stock corporations. These companies are selected based on the following factors: value, carry, momentum, size, low risk and quality. The iSTOXX Europe Mult--Factor Market Neutral Index enters into a long position in the iSTOXX Europe Multi-Factor Index and a short position in the STOXX Europe 600 Futures Roll Index in order to harvest the risk premiums.
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Source: Deutsche Börse Cash Market
Thomson Reuters-Monday Morning Memo: Review of the European ETF Market in 2017
January 15, 2018--The European ETF industry enjoyed further increasing popularity with all kinds of investors in 2017. This popularity was seen also in the development of the assets under management; assets held by the European ETF industry increased for a sixth consecutive year and marked a new all-time high at €631.2 bn at the end of December 2017.
With regard to the overall number of products, it was not surprising that equity funds (€448.8 bn) held the majority of the assets, followed by bond funds (€153.3 bn), commodity products (€18.4 bn), "other" funds (€6.7 bn), money market funds (€3.1 bn), mixed-asset funds (€0.6 bn), and alternative UCITS products (€0.4 bn). It was noteworthy that the assets under management increased for all asset types over the course of the year 2017.
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Source: Thomson Reuters
China Post Global lists iStoxx MUTB Japan Quality ETF on LSE
January 15, 2018--China Post Global has cross-listed the Market Access iStoxx MUTB Japan Quality 150 Index UCITS ETF (MAJQ LN) on the London Stock Exchange.
The ETF is the first product China Post Global has listed on the LSE since it acquired the Market Access range of ETFs from Royal Bank of Scotland in 2016.
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Source: etfstrategy.co.uk
LSE December 2017 ETP Monthly Report
January 15, 2018--January 15, 2018--Listings
December was the busiest month of 2017 for listings with 10 new ETFs and 27 new ETNs being listed on LSE, making a total of 177 new listings in 2017.
There are now 969 ETFs (available as 1,445 lines through multi-currency offerings) and 413 other ETPs (available as 480 lines) on our London market.
Pleased to welcome Leverage Shares as a new ETP issuer on LSE who brought 25 single stock ETPs. All these products give 2 times leveraged exposure to the performance of each single US stock, for instance, Facebook, Amazon, Apple etc.
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Source: London Stock Exchange Group
JPMAM continues to expand ETF team
January 15, 2018--JP Morgan Asset Management (JPMAM) has expanded its ETF team with three hires.
The firm has appointed Olivier Paquier as head of continental Europe ETF distribution, Ivan Durdevic as head of ETF distribution Switzerland and John Harrington as head of beta and ETF product.
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Source: portfolio-adviser.com