Infrastructure investors may be taking huge risks if they do not diversify their portfolio adequately
October 17, 2017--A new paper examines the characteristics of the EDHEC Private Infrastructure Equity Index and finds that investors that do not sufficiently diversify their private infrastructure portfolio should not expect to receive all the benefits of the 'infrastructure investment narrative.'
"Infrastructure investments are large but also vary considerably in size," says Frederic Blanc-Brude, Director of EDHECinfra, "As a result, many investors holding a dozen or so assets could be making highly concentrated bets and may not get what they have come to expect from infrastructure investing."
view the EDHEC Infrastructure Institute-Singapore
Private Infrastructure Broad Market Equity Indices Benchmarking Europe's Private Infrastructure Equity Investments 2000-2016 report
Source: EDHEC Infrastructure Institute-Singapore (EDHECinfra)
ESMA launches key MiFID II and MAR financial instrument reference database
October 16, 2017--The European Securities and Markets Authority (ESMA) has today launched the second phase of its Financial Instrument Reference Database (FIRDS).
The launch involves providing access to the database containing the currently available reference data that will eventually enable market participants to identify instruments subject to MAR and MiFID II/MiFIR reference data reporting requirements. This will allow market participants to prepare their reporting systems ahead of the go-live date on 3 January 2018.
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Source: ESMA
New Crypto Currency Index Tracks Booming Crypto Currency Marketplace
October 16, 2017--Freely Available Index is the Benchmark for Crypto Currency Investors
In the "Crypto Valley" of Zug, the world's capital of crypto currencies and blockchain, the Crypto Currency Index (CCI30) has been presented to the public.
Comprised of the 30 crypto currencies with the biggest market capitalization, the CCI30 is the first index of its kind to track the booming crypto currency marketplace. Its constituent currencies represent 93% of the world's total crypto currencies market cap.
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Source: Hermes Asset Management
Lipper-Review of the European ETF Market, September 2017
October 16, 2017--The promoters of ETFs in Europe enjoyed net inflows for September. The assets under management in the European ETF industry (€598.7 bn) increased for September, up from €581.6 bn at the end of August. The increase of €17.1 bn for September was mainly driven by the performance of the underlying markets (+€10.5 bn), while net sales contributed €6.6 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 (€420.3 bn) held the majority of the assets, followed by bond funds (€149.9 bn), commodity products (€17.8 bn), "other" funds (€7.0 bn), money market funds (€3.6 bn), mixed-asset funds (€0.6 bn), and alternative UCITS products (€0.4 bn).
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
Invesco PowerShares launches European short-dated high yield ETF-PIMCO to manage portfolio
October 16, 2017--The PIMCO Euro Short-Term High Yield Corporate Bond Index Source UCITS ETF will invest in a selection of high yield securities with a maximum duration of five years with an issuer cap of 2%, excluding emerging market issuers in order to offer downside protection.
The portfolio will be managed by PIMCO, which has selected an index aiming to have the same approach as a US short-term high yield fund.
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Source: investmentweek.co.uk
Two new PIMCO Source bond index ETFs on corporate bonds launched on Xetra
October 13, 2017--ETFs track performance of short-term, euro-denominated corporate bonds rated below investment grade
Two new exchange traded funds (ETFs) issued by PIMCO Source have been tradable on Xetra and Börse Frankfurt since Friday.
The two bond index ETFs enable investors to participate in the performance of short-term, euro-denominated corporate bonds issued within the euro zone or the euro bond market with a rating below investment grade. The index components must also have a fixed coupon and an outstanding amount of at least EUR 250 million. Investors can choose a policy of either distribution or accumulation.
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Source: Deutsche Börse Cash Market
SIX Swiss Exchange-ETF Market Report: 3rd quarter 2017
October 13, 2017--This report provides detailed figures regarding the performance of SIX Swiss Exchange's ETF segment.
Today, SIX Swiss Exchange published the new ETF Market Report. It provides a broad insight in trading activity, trends and changes in the Swiss ETF market. The downward trend in trading volumes on the Swiss ETF market continued in Q3. The CHF 24.7 billion traded was 13.67% lower than the previous quarter's value. However, the year-on-year decline was relatively minor at 3.58%.
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Source: SIX Swiss Exchange
New ETF Listing on Euronext-1 BNP PARIBAS EASY
October 13, 2017--Euronext is pleased to announce that BNP PARIBAS EASY will list 1 new ETF on 17/10/2017 :
ISIN: LU1615091912
ETF Trading name: BNPP EASY HIYEDETF
ETF Symbol: HYPE
Venue: Euronext Paris
Underlying index: BNP Paribas High Yield Europe Defensive TR Index
TER (%): 0.4
Euronext now offers 785 Trackers listed on the European markets.
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Source: Euronext
Lyxor-Monthly European ETF Market Trends-October 2017
October 13, 2017--ETF flows on track for a record year
What happened last month?
ETF inflows more than doubled in September
ETF flows more than doubled in Sept with inflows of EUR6.8bn vs. EUR3.2bn last month
A record year still looks likely
Equity flows rebounded strongly (EUR6.0bn)
Fixed income flows were at their lowest this year (EUR0.7bn)
Commodities enjoyed a slightly better month (EUR0.2bn)
Solid month for Smart Beta, notably momentum factor (EUR0.3bn)
Highlights
Equities-Rebounding strongly at 6.0bn
Risk is "on", with investors more influenced by buoyant global activity than geopolitical tension
Flows focused on Europe given ever-strengthening macro data
Broad EM also did well as local policy normalization prospects are still distant given the low US inflation print
Fixed Income-Slowest this year at 0.7bn
Significant outflows on DM government bonds in a rising rate environment in the US and Europe
Search for yield continued in higher risk assets: strong inflows on high yield bonds and emerging debt
Rising rate environment also led to a big reversal on investment-grade credit. We saw the first month of outflows this year vs. average monthly inflows of EUR1bn
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Source: Lyxor
Euro Area Securities Issues Statistics: August 2017
October 12, 2017--The annual growth rate of the outstanding amount of debt securities issued by euro area
residents decreased from 1.7% in July 2017 to 1.4% in August.
For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 0.8% in August 2017, the same as in July.
The annual growth rate of debt securities issued by euro area non-financial corporations was 9.2% in August 2017, compared with 9.4% in July 2017.
Debt securities
New issuance of debt securities by euro area residents totalled EUR 465.4 billion in August 2017.
Redemptions amounted to EUR 507.1 billion and net redemptions to EUR 41.7 billion. The annual growth
rate of outstanding debt securities issued by euro area residents decreased from 1.7% in July 2017 to 1.4%
in August.
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Source: ECB