S&P Dow Jones Indices: Europe Dashboard
October 31, 2017--Summary
In what was a generally positive month for global equities, the S&P Europe 350 posted a total return of 1.96%.
Most S&P Europe 350 sectors gained in October, with Energy (+5.29%) taking the top spot, followed by Information Technology (+5.18%). Financials and Health Care were left out in the cold; they were the only sectors to fall this month.
Value continued to outperform in European equities, in contrast to the global trend.
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Source: S&P Dow Jones Indices
Lipper-New Constructs: Sector Ratings for ETFs & Mutual Funds: 4Q17
October 31, 2017--At the beginning of the fourth quarter of 2017, only the Consumer Staples and Financials sectors earn an Attractive-or-better rating. Our sector ratings are based on the aggregation of our fund ratings for every ETF and mutual fund in each sector.
Investors looking for sector funds that hold quality stocks should look no further than the Consumer Staples and Financials sectors. These sectors house the highest rated funds. Figures 4 through 7 provide more details. The primary driver behind an Attractive fund rating is good portfolio management, or good stock picking, with low total annual costs.
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Source: Thomson Reuters Lipper
IHS Markit and KRX Launch Two Korean Stock Indices Based on Dividend Forecasting Metrics
October 30, 2017--IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions, today announced the launch of two new stock indices- KRX-IHS Markit KOSPI 200 Dividend Forecast Yield Top 30 and KRX-IHS Markit KOSPI 200 Dividend Forecast Growth Top 30-in alliance with Korea Exchange (KRX), a leading cash and derivatives exchange based in Seoul, South Korea.
The KRX-IHS Markit indices enable exchange-traded funds (ETFs) and other market participants to track publicly traded Korean companies with the strongest dividend prospects based on IHS Markit research.
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Source: IHS Markit
Amundi Monthly ETF Allocation Ideas-November 2017
October 30, 2017--Amundi ETF has selected 3 ideas for your allocation deriving from the latest Cross Asset Investment Strategy publication:
Idea #1: European renaissance in play
Idea #2: Rotating bond risk and increasing diversification.
Idea #3: Emerging economies: 2Q performance was better than expected
view the Amundi Monthly ETF Allocation Ideas-November 2017
Source: Amundi
ESMA updates its Q&A under the Alternative Performance Measures guidelines
October 30, 2017--The European Securities and Markets Authority (ESMA) has published six new questions in its Questions and Answers (Q&A) document, on the implementation of its Guidelines on the Alternative Performance Measures (APMs) for listed issuers.
The new questions provide information on:
the definition of APMs;
the scope of the APM guidelines;
application of the scope exemption
definition of the APM 'organic growth';
how to carry out reconciliation; and
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Source: ESMA
Lipper-Monday Morning Memo: Is the Route Set for New Records in the European Fund Industry?
October 30, 2017--Review of the European Fund Industry, Year to Date (Q3-2017)
Looking at the headline figures, the first nine months of 2017 set the stage for a new record year in the European fund industry. The assets under management in Europe stood at €10.2 tr at the end of September, close to the record level set earlier in the year. In addition, the European fund industry enjoyed record net inflows of €614.2 bn over the course of the first nine months of 2017.
Assets Under Management in the European Fund Industry
The assets under management in the European fund industry increased from €9.4 tr to €10.2 tr over the course of the first nine months of 2017. This increase was driven mainly by net inflows (+€614.2 bn), while market performance contributed €255.0 bn.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
Clearstream to launch Bond Connect service
October 30, 2017--The international central securities depository (ICSD) Clearstream is about to launch its service to support the cross-border bond trading and settlement scheme "Bond Connect", linking the China Interbank Bond Market (CIBM) with the world.
Starting from 20 November 2017, Clearstream customers will be able to access Chinese bonds traded in CIBM via Hong Kong. The new service replicates Clearstream's Stock Connect offering for China A-shares where global bank Citi acts as Clearstream's local sub-custodian. Today, Clearstream customers already benefit from direct access to the China onshore bond market via Clearstream's China Bond Link. The new link complements this direct access link, which was launched last autumn. Bond Connect is a new mutual access scheme that allows institutional investors from Mainland China and overseas to trade in each other's bond markets through a connection between related Mainland and Hong Kong financial infrastructure institutions.
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Source: Deutsche Börse Cash Market
S&P Dow Jones Indices Debuts Carbon Metrics on Indices
October 30, 2017--The Metrics Provide a New Level of Carbon Data Transparency
S&P Dow Jones Indices (S&PDJI), a leading index provider, is now publishing carbon metrics on the majority of its equity indices, including the S&P Global 1200, S&P 500(R), Dow Jones Industrial Average(R) and environmentally-focused indices including S&P Global 1200 Carbon Efficient Index Family and S&P Global 1200 Fossil Fuel Free Index Family.
S&P DJI is the first index provider to publically display carbon metrics as standard alongside financial data on its indices on a monthly basis.
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Source: S&P Dow Jones Indices
Happy birthday Solactive! The German index engineer turns ten
October 27, 2017--Happy birthday Solactive!
The German index engineer turns ten
This month, Solactive AG celebrates its ten-year anniversary.
Solactive was founded in 2007 with the goal of proposing a model focused on efficiency and flexibility, and thus
improve customers' indexing experience. This unique business model has allowed the
company to distinguish itself from competitors and gain market share in an industry that
has traditionally been dominated by a few established players.
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Source: Solactive AG
Listed issuers must focus on new IFRS standards in 2017 annual financial reports
October 27, 2017--The European Securities and Markets Authority (ESMA) today published the priorities to be considered by listed companies, and their auditors, when preparing and auditing their 2017 financial statements.
These priorities are set out in the annual Public Statement on European Common Enforcement Priorities (Statement), through which ESMA promotes the consistent application of the International Financial Reporting Standards (IFRS).
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Source: ESMA