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Clearstream and HedgePole partner on new alternative fund data service
September 11, 2017--Post-trade services provider Clearstream, which is part of Deutsche Börse Group, and HedgePole, a well-established specialist service and technology provider for hedge funds price and reference data, have entered into a cooperation agreement to provide the market with enhanced alternative fund price and reference data services.
The need to provide specific high quality and up-to-date reference data and pricing to end investors for their holdings in alternative investments, such as hedge funds and private equity, as well as key regulatory requirements for compliance and anti-money laundering purposes are a key industry issue. This has led to the evolution of specific information requirements on an individual customer level. Investors all have their own individual priorities when it comes to data requirements.
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Source: Deutsche Börse Group
Unscheduled free float adjustment for Drillisch AG in TecDAX
September 11, 2017--Changes to be effective as of 14 September 2017
On Monday, Deutsche Börse announced an unscheduled change to the TecDAX Index.
Due to the completion of the overall transaction of Drillisch AG and United Internet AG, United Internet AG's stake in Drillisch AG increased to more than 61.06 percent. Therefore, the free float of Drillisch AG changed by more than 10 percentage points.
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Source: Deutsche Börse Group
Lipper Monday Morning Memo: Should the Rules on Securities Lending in UCITS Funds Be Revised?
September 11, 2017--A topic I hear discussed frequently is securities lending as a modern management technique to increase returns of mutual funds and ETFs.
Even though I see some benefits for the markets in general and investors in specific, I think that securities lending is-under the current regulation regime-a management technique that should not be used for funds sold to retail investors. This opinion may lead to some raised eyebrows from industry participants who don't see a risk for investors coming from securities lending.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
New iShares bond ETF launched on Xetra
September 8, 2017--A new exchange traded fund (ETF) issued by iShares has been tradable on Xetra
and Börse Frankfurt since Friday.
The iShares USD Floating Rate Bond UCITS ETF EUR Hedged (Dist) enables
investors to participate in the performance of floating rate bonds denominated in US dollars issued by companies and quasi-government institutions around the
world. Index component criteria include an investment grade rating as well as a
minimum term of one month and maximum of five years. The ETF minimises the
exchange rate risk between the US dollar and the euro.
Equity ETFs recorded lower inflows at EUR1.2bn. This can be partly explained by limited flows into both developed and emerging market equities. Most of these minor inflows were focused on stronger economies such as the US and German. EM equity ETFs gathered only EUR360M, just half of the 2017 average. Asia Pacific equity ETFs saw outflows of EUR160M as PM Abe and Japan's Abenomics continued to be challenged. Global ETF flows turned negative for the first time this year at -EUR37M in a more risk-off environment. Smart Beta ETFs flows also turned negative with a third consecutive month of decreasing flows at -EUR39M. Nevertheless, those outflows were mainly from Japanese Smart Beta ETFs; flows were still positive for Value & Momentum factor ETFs at EUR120M and EUR253M, respectively. view more ECB-Monetary policy decisions view more Franklin Templeton Investments to become new Smart Beta ETF issuer on Xetra The composition of these indices is based on a weighting of four factors: quality, valuation, momentum and volatility. The underlying smart beta strategies represent an investment alternative to conventional indices weighted by market capitalisation. view more Franklin Templeton brings ETF business to UK market with quadruple launch-Franklin LibertyQ UCITS ETF range view more Tradeweb European Exchange-Traded Funds Update-August 2017 view more Euronext Posts Strong YoY Volumes in August Euronext's average daily cash order value came in at $7,254 million (€6,045 million) which was 24.8 percent more than in August 2016 but down by 18.9 percent from July 2017. view more
Source: Lyxor
September 7, 2017--At today's meeting the Governing Council of the ECB decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.
Source: ECB
September 7, 2017--Franklin LibertySharesTM range gives investors access to Smart Beta ETFs
Four exchange traded funds issued by Franklin Templeton have been tradable on Xetra and Börse Frankfurt since Thursday.
The new ETFs allow European investors to participate in the performance of Franklin LibertyQ indices for the first time.
Source: Deutsche Börse Group
September 7, 2017--Franklin Templeton has launched its ETF business in the UK market for the first time unveiling a smart-beta ETF suite under its brand, Franklin LibertyShares.
The $740bn asset manager has been listing ETFs in both the US and Canadian markets since 2016 under the LibertyShares brand, before deciding to bring its to Europe.
Source: investmentweek.co.uk
September 7, 2017--The following data is derived from trading activity on the Tradeweb European-listed ETF platform.
ETF total traded volume
Notional volume executed on the Tradeweb European-listed ETF marketplace was just shy of €11.8 billion in August. The month also saw the addition of the 19th dealer posting axes to the platform.
Adriano Pace, managing director for equity derivatives at Tradeweb, said: "More than 11,000 live ETF axes are provided daily to Tradeweb by a constantly growing number of market makers. The Tradeweb axes functionality enables traders to select the most relevant dealers to put into competition for each trade, not only improving access to liquidity, but also resulting in meaningful pricing improvement."
Source: Tradeweb
September 5, 2017-Euronext posts strong numbers on a YoY basis but a decline MoM.
Euronext, the first pan-European exchange, today announced its August 2017 trading volumes.
Volumes dipped when compared to last month but were generally flat or better on a year-on-year basis.
Source: financemagnates.com