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DB-Synthetic Equity & Index Strategy-ETF Monthly Europe-Fixed Income ETFs maintain solid inflows
September 15, 2017--
Data in this report is as of 31st August 2017.
European ETP Monthly Highlights (Assets, Flows & Launches):
Assets & Flows: Assets rose €2bn MoM (Total Assets €612bn), Net
inflows +€3.6bn (YTD +€69bn)
3 New Launches: 1 Equity, 1 Fixed Income and 1 Multi Asset ETF.
Investment Themes for the Month
Equities (+€1.6bn) - Winners: Europe +€1bn, US +€495mn, EM +€291mn;
Losers: Japan -€157mn, Global DM -€295mn; Smart Beta covering all regions saw
+€442mn inflows.
Regional flow drivers:
Europe (+€1bn): Smart Beta, Country (UK & Germany) and Sector
(Financials) ETFs. Within Smart Beta, Multi Factor and ESG ETFs were
favoured, while Dividend ETFs had small outflows.
Other regions (+€0.6bn):
1) EM inflows (MSCI Emerging Markets)
2) US
inflows (S&P 500).
3) Japan outflows (Nikkei 400)
4) Global DM outflows
(MSCI World partly offset by inflows into MSCI World Momentum)
Fixed Income (+€2.2bn) - All major regions experienced net inflows; Europe (+ €0.6bn), US (+€0.5bn), EM (€0.3bn), Global (€0.2bn).
Regional flow drivers:
Europe (+€0.6bn): Corporates and Sovereign ETFs equally contributed to inflows
Other regions (+€1.6bn):
1) US inflows (mainly Sovereign)
2) EM inflows(almost entirely Sovereign)
3) Global DM inflows (mixed across all segments) Commodities (-€94mn)-Outflows from Crude Oil (-€215mn) offset inflows into
Gold (+€226mn)
Turnover: MoM turnover decreased by 5%
The total turnover activity into European ETPs decreased by 5% where total
turnover observed was (€52.6bn) compared to the last month’s total (€55.6bn).
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Source: Deutsche Bank Markets Research-Europe-Synthetic Equity & Index Strategy
ESMA lays out procedure for ETDs access to CCPs under MiFID II
January 15, 2017--The European Securities and Markets Authority (ESMA) has issued today a procedure under Markets in Financial Instruments Regulation (MiFIR) laying out the steps for trading venues to temporarily opt-out from access provisions for exchange-traded derivatives (ETDs).
MiFIR establishes non-discriminatory and open access provisions for trading venues and central counterparties (CCPs). In particular, trading venues are obliged to provide access including data feeds on a non-discriminatory and transparent basis to CCPs that wish to clear transactions executed on those trading venues.
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Source: ESMA
New ETF Listing on Euronext-4 BNP PARIBAS EASY ETFs
September 15, 2017--Euronext is pleased to announce that BNP PARIBAS EASY will list 4 new ETFs on 19/09/2017
ISIN: LU1615090864
ETF Trading name: BNPP EASY EQDEUETF
ETF Symbol: EDEU
Venue: Euronext Market
Underlying index: BNP Paribas High Dividend Europe Equity NTR index
TER (%): 0,30
ISIN: LU1615090278
ETF Trading name: BNPP EASY EQDUSETF
ETF Symbol: DIUS
Venue: Euronext Market
Underlying index: BNP Paribas High Dividend Yield US Equity Long TR USD Index
TER (%): 0,30
ISIN: LU1615091243
ETF Trading name: BNPP EASY EQVUSETF
ETF Symbol: EVUS
Venue: Euronext Market
Underlying index: BNP Paribas Equity Value US TR
TER (%): 0,30
ISIN: LU1615092217
ETF Trading name: BNPP EASY MWECWETF
ETF Symbol: EMWE
Venue: Euronext Market
Underlying index: Euronext Market MSCI World ex Controversial Weapons (NTR) index
TER (%): 0,25
Euronext now offers 783 Trackers listed on the European markets.
for more info
Source: Euronext
Union, Invesco, Schroders, Janus to absorb MiFID research costs
September 15, 2017--New EU rules to go live in January 2018
Firms join growing list of managers to pay for research
Firms' moves a reversal of earlier plans
Four major asset managers said on Friday they no longer planned to ask clients to pick up the bill for external investment research when new European Union rules come into force in January 2018.
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Source: CNBC.com
Six new equity index ETFs on US sectors by Deutsche Asset Management launched on Xetra
September 15, 2017--ETFs offer access to individual sectors in the MSCI USA index family
Six new exchange traded funds (ETFs) issued by Deutsche Asset Management have
been tradable on Xetra and Börse Frankfurt since Friday.
The six equity index ETFs enable investors to participate in the performance of
sector-specific indices based on the MSCI USA Index. The MSCI USA Index tracks
the performance of large and mid-cap companies and aims to represent 85 percent
of free-float market capitalisation in the USA.
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Source: Deutsche Börse Group
France: Economy is expanding but reforms needed to maintain benefits and boost jobs
September 14, 2017--The French economy is expanding, the labour market is recovering-albeit gradually-while productivity and the standard of living remain generally high, according to a new OECD report.
It adds that further reforms are now needed to maintain current levels of social protection,boost jobs and ensure that public finances are sustainable.
The latest OECD Economic Survey of France says the economy is now expected to grow by 1.7 percent in 2017, an upward revision from the OECD's 1.3 percent forecast in June and the highest rate for six years.
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Source: OECD
BlackRock says to absorb research costs under new EU rules
September 14, 2017--BlackRock (BLK.N), the world's biggest asset manager, said on Thursday that it planned to absorb the costs of external research under new European Union rules due to go live in January 2018.
As part of the EU's Markets in Financial Instruments Directive II, or Mifid II, asset managers will have to agree a price for all research obtained from brokers.
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Source: FT.com
EDHEC-Risk Institute and AFG launch a digital outreach partnership on financial risk management as a source of performance
September 13, 2017--The French Asset Management Association (Association Française de la Gestion Financière, AFG) and EDHEC-Risk Institute have announced the creation of a new digital outreach initiative entitled "Financial Risk Management as a Source of Performance."
This partnership will aim to emphasise the importance of financial risk management as a main source of added-value in asset management, and to showcase the expertise of French asset managers in this area through a series of digital outreach projects.
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Source: EDHEC-Risk Institute
EU markets watchdog warns investors of market bubble threat
September 12, 2017--Rock-bottom interest rates and political uncertainty such as Brexit mean risks of an asset price bubble are at their highest, a European markets watchdog said on Tuesday, in an unusually strongly worded warning to investors.
In a report, the European Securities and Markets Authority (ESMA) cautioned that "market and credit risks were very high", pointing to the threat of contagion, or a spillover of problems to other parts of finance.
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Source: Reuters
Borsa Italiana: ETFstat August 2017
September 12, 2017--New Listing
2 new ETFs listed on ETFplus market
Now available 1231 instruments (787 ETFs, 313 ETCs/ETNs and 131 open-end funds)
AUM
The Asset Under Management (AUM) in Italy sets a new record: €63.95 billion (€57.42bn for ETFs, €6.31bn for ETCs/ETNs and €0.221bn for open-end funds) with a growth of 24% compared to August 2016
Trading
Total on-exchange value traded for ETFs, ETCs/ETNs and open-end funds was €6.8 billion (293.755 trades)
Open-end funds
Total on-exchange value traded YTD has increased to €146.42 million, vs €53.81 million YTD 2016
New RFQ functionality
Since its inception (Dec 2016), the functionality has helped our customers to trade almost €2,02 billion in ETFs
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Source: Borsa Italiana