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ESMA provides overview of EU securitisation markets
September 21, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, today publishes a study setting out the details of the EU securitisation market.
Main findings
Overall, the size of the European securitisation market has decreased significantly since the EUR 2tn it reached at the end of 2010.
At end-2022, there were 390 individual securitised products outstanding in the EU as reported to the registered securitisation repositories, amounting to EUR 540bn. 54% of these outstanding amounts were linked to residential mortgages, followed by automobile loans (16%), loans to SMEs (15%) and consumer loans (12%). 86% of the outstanding was originated in the five largest markets, namely FR (25%), DE (21%), IT (17%), ES (13%), and NL (10%).
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Source: ESMA
Official Statistics: Forecasts for the UK economy: September 2023
September 20, 2023--A comparison of independent forecasts for the UK economy in September 2023.
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Source: gov.uk
Monzo clients rush to sign up for BlackRock offering
September 20, 2023--New service will offer online retail bank customers access to three multi-asset funds of funds
More than 200,000 Monzo customers have joined a waiting list to use a BlackRock investment offering when it launches in the "coming weeks".
Tens of thousands of customers signed up "within hours" of the initial announcement by the UK challenger bank on September 12, with the waiting list growing to 200,000 within two days.
The new service will offer the bank's 8mn customers online access to three BlackRock multi-asset funds, which in turn invest in a range of passive funds.
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Source: ft.com
New bond ETFs from Xtrackers on Xetra: access to short-term government bonds from Germany and the Eurozone
September 20, 2023--Since Wednesday, three new exchange-traded funds issued by Xtrackers have been tradable on Xetra and via Börse Frankfurt.
The Xtrackers II Germany Government Bond 0-1 UCITS ETF enables investors to invest in the performance of euro-denominated government bonds issued by the German government.
Only bonds with a minimum remaining maturity of no more than one year and current assets of at least €1 billion are taken into account.
The Xtrackers II Eurozone Government Bond 0-1 UCITS ETF provides access to a portfolio of euro-denominated government bonds with an investment grade rating issued in the eurozone.
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Source: Xetra
ARK Invest Acquires Rize ETF Limited, Paving the Way for Its Expansion into Europe, the UK, and New Markets Globally
September 19, 2023--ARK Invest LLC ("ARK Invest" or "ARK"), the parent of ARK Investment Management LLC, the investment manager led by CEO Cathie Wood, has acquired Rize ETF Limited ("Rize ETF"), Europe's first specialist thematic ETF issuer.
This transaction marks a significant milestone in ARK Invest's global expansion strategy and will pave the way for the firm to introduce its suite of cutting-edge innovation ETFs, under the UCITS framework, to investors across Europe, the United Kingdom, and beyond, while also facilitating the sustained growth and expansion of Rize ETF's thematic products.
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Source: ARK Investment Management LLC
ESAs warn of risks resulting from a fragile economic outlook
September 18, 2023--The three European Supervisory Authorities (EBA, EIOPA and ESMA- ESAs) today issued their Autumn 2023 Joint Committee Report on risks and vulnerabilities in the EU financial system. The Report underlines the continued high economic uncertainty.
The ESAs warn national supervisors of the financial stability risks stemming from the heightened uncertainty, and call for vigilance from all financial market participants.
Recent years have presented a series of adverse events, i.e., the Russian aggression against Ukraine, the energy crisis, and US mid-sized banks turmoil in March 2023, which most financial institutions have navigated well.
Nonetheless, the European economy continues to experience a period of heightened uncertainty which presents material financial stability risks that necessitate vigilance from all financial market participants. The economic outlook remains fragile, not least amid persistently elevated geopolitical risks, high inflation, and an uncertain macro-financial outlook.
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Source: ESMA
Eurozone interest rates raised to all-time high
September 14, 2023--Eurozone interest rates have been hiked to a record high by the European Central Bank (ECB).
The bank raised its key rate for the 10th time in a row, to 4% from 3.75%, as it warned inflation was "expected to remain too high for too long".
The latest increase came after forecasts predicted inflation, which is the rate prices rise at, would be 5.6% on average in 2023.
But the ECB signalled that Thursday's hike could be the last for now.
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Source: bbc.com
New active ETF from J.P. Morgan on Xetra: active investment strategy with a focus on climate-conscious US companies
September 13, 2023--Since Wednesday, a new exchange-traded fund issued by J.P. Morgan Asset Management has been tradable on Xetra and via Börse Frankfurt.
The JPM US Research Enhanced Index Equity SRI Paris Aligned UCITS ETF pursues an active investment strategy and invests primarily in companies that are domiciled in the United States or conduct most of their business activities there.
The MSCI USA SRI EU PAB Overlay ESG Custom Index serves as the benchmark index.
The aim of the fund is to generate higher additional returns compared to the benchmark index while maintaining the index characteristics in terms of regions and sectors. The investment manager can overweight companies with higher potential. The fund is part of the J.P. Morgan Research Enhanced Index series.
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Source: Xetra
Capital.com Data: One Directional Traders Were Less Profitable than Traders Who Executed Both Long and Short Trades in 1H 2023
September 12, 2023--According to data compiled by high-growth global retail trading platform Capital.com, UK-based traders who opened a combination of both long and short trading positions were more profitable than those who executed long or short-only strategies in 1H 2023.
Just 42% of all positions opened by short-only traders were profit-making in 1H 2023, while 46% of all positions opened by long-only traders were profit-making over the same period. By comparison, more than 50% of all trades opened by traders using a mix of both long and short positions at various points during the first half of 2023, resulted in profits.
The data-based on an analysis of 4,965 UK traders who were actively trading on the Capital.com platform between 1 January 2023 and 31 June 2023 -found that clients who executed trades with a 100% long ratio had a -13% return on their investment (ROI) , the lowest ROI for the period. While short-only traders -traders who opened 0% long positions-achieved a -8% return on their investments, on average.
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Source: financialit.net
Virtune AB (Publ) is launching Virtune Sustainable Bitcoin ETP on Nasdaq Stockholm
September 12, 2023--Virtune, a Swedish regulated asset manager of digital assets in Sweden, is launching an innovative Bitcoin ETP ("Exchange Traded Product") on Nasdaq Stockholm in the race to reduce emissions, consumption, and environmental impacts.
Today, Virtune is introducing Virtune Sustainable Bitcoin ETP, offering sustainable exposure to Bitcoin through carbon offsetting to achieve carbon neutrality.
The ETP is 100% and fully physically backed and is listed in SEK for the purpose of Swedish investors, available on trading platforms such as Avanza and Nordnet.
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Source: Virtune AB (Publ)
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