Brokers delist investment trusts and ETFs in face of new rules
January 4, 2018--UK brokers are in the process of reviewing the investment trusts and exchange traded funds available on their platforms to ensure they comply with a new regulatory requirement that came into force at the start of 2018.
Those that do not comply with the new Priips rules are being suspended at least temporarily, with Hargreaves Lansdown having to delist almost 300 investment trusts and 900 ETFs.
The Priips regulation (packaged retail insurance-based investment products) has been designed to ensure retail investors better understand the risks and costs of a particular investment before they buy it.
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Source: moneyobserver.com
The key to keeping investment costs low? Avoid fund managers
January 4, 2018--The head of Sweden's biggest pension fund discusses how his scheme holds companies to account.
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Source: FT.com
2017 record year for ETFs on Swiss exchange
January 4, 2018--Six Swiss Exchange has released key figures for 2017, which saw new records in ETFs trading turnover and listings, beating these set in 2016.
Some CHF116.4bn (€99bn) were traded in ETFs available on the Swiss market at the end of 2017, up 12.2% year-on-year (CHF103.8bn for 2016). The number of transactions on the ETF segment also increased by 6% to 1,019,294 trades.
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Source: SIX Swiss Exchange
Boerse Stuttgart generates 2017 turnover of around EUR 80.6 billion
January 3, 2018--Record turnover in equities trading//Boerse Stuttgart maintains position as top German exchange for securitised derivatives and corporate bonds
Based on the order book statistics, turnover from all trading activities at Boerse Stuttgart amounted to around EUR 80.6 billion in 2017. As such the turnover across every asset class at Germany's leading floor-trading exchange was slightly above the previous year's level.
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Source: Boerse Stuttgart
Falling life expectancy expected to spur pension deals
January 3, 2018--Falling life expectancy and strong financial markets make it likely that more UK companies will offload their pension schemes to insurers in 2018, according to consultancy LCP.
The life expectancy of a 65-year-old man is now half a year lower than it was last year, LCP said.
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Source: FT.com
ETF providers hope Mifid II will spur European growth
January 3, 2018--The answer to one of the mysteries of financial markets will start to emerge this month when a spotlight shines across Europe's exchange traded fund industry.
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Source: FT.com
Xetra-Gold ends 2017 with record holdings of 175 tonnes of gold
January 3, 2018--Germans continue investing heavily in gold/Increase of 57 tonnes over previous year/Europe's largest physically-backed gold security
The gold holdings of the Xetra-Gold physically-backed bearer note of 175.04 tonnes at the end of 2017 marks a new all-time high.
That figure stood at just 117.59 at the end of 2016. The reserve increases when investors purchase Xetra-Gold units via the stock exchange. Each unit is backed by exactly one gram of physical gold stored in the German central vault for securities. Assets under management of Xetra-Gold are currently worth around €6.1 billion.
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Source: Deutsche Börse Cash Market
Eurex Exchange outlines 2018 road map
January 3, 2018--In 2018, Europe's largest derivatives exchange Eurex, part of Deutsche Börse Group, will continue to focus on helping its clients to navigate the regulatory changes ahead. "The introduction of MiFID II, rising capital requirements and Brexit pose challenges to the whole market," said CEO Thomas Book.
"In this environment, we gather our innovative power and develop solutions that support the industry." Therefore, Eurex will further expand its suite of capital efficient products like Total Return Futures, the STOXX portfolio and its MSCI derivatives universe. In addition, the exchange continues to strengthen its deep liquidity pools, among others through the launch of new market models like the request for quote platform EnLight.
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Source: Eurex
The Spanish Stock Exchange Traded 651.4 Billion Euro In 2017
January 2, 2017--The Spanish stock exchange traded €651.4 billion in 2017
The trading volume in December reached €47.6 billion
The ETF trading volume in 2017 totalled €4.4 billion
The number of contracts registered in MEFF in 2017 was 44.6 million
New issues on MARF in 2017 grew 74.1% to €3.9 billion
Equities
The equity trading volume on the Spanish Stock Exchange in 2017 totalled €651.4 billion, in line with that traded during the same period in 2016 (€652.9 billion). In December the trading volume reached €47.6 billion, up 3.4% from the preceding month of November.
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Source: BME (Bolsas y Mercados Españoles
MiFID Shake-Up Goes Smoothly Even as Trading Volumes Dry Up
January 2, 2018--European regulator says they haven't seen glitches so far
Investors pause after most significant rules change in decade.
The biggest regulatory change in Europe in 10 years got off to a comparatively smooth start as the chairman of the European Securities and Markets Authority said he’s seen no teething problems.
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Source: Bloomberg