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IMF Country Report-Spain: Selected Issues
October 6, 2017--THE SPANISH PENSION SYSTEM-CHALLENGES BEYOND FINANCIAL SUSTAINABILITY1
Spain adopted substantial pension reforms in 2011 and 2013 that safeguard financial stability of the contributory pension system over the long term. While the reforms would keep Spanish pension benefits relative to wages above the EU average, they imply a significant reduction in purchasing power.
This has stimulated public debate about the recent reforms and a parliamentary committee is now developing recommendations for new ones. This paper seeks to increase awareness of the considerations and trade-offs inherent in further pension reforms. It also proposes potential adjustments, broadly within the pension parameters agreed under the Toledo Pact, to facilitate the continued smooth transition to a sustainable and socially acceptable pension system.
view the IMF Country report-IMF Country Report-Spain: Selected Issues
Source: IMF
Brickblock Announces Key Advisors
October 5, 2017--Adds ETF, regulatory and legal experts to advisory team
Brickblock has secured three new high-profile advisors to add to its expert team. The new faces are: Holger Schlünzen, ETF analyst, Axel von Goldbeck, real estate and regulatory expert, and legal and currency specialist, Dr. Wolfgang Richter.
Brickblock, which recently completed a $1m token sale in preparation for its ICO next month, is developing a platform which will allow people to invest cryptocurrency directly into real-world assets such as ETFs and real estate, as well as crypto-funds.
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Source: fintech.finance.com
MOVES-BNP Paribas Asset Management appoints senior sales manager for funds team
October 5, 2017--BNP Paribas Asset Management, the investment management arm of BNP Paribas, appointed Chris Hofmann as senior sales manager for German-speaking clients in ETF and indexed fund teams.
Hofmann will be based in Munich and report to Claus Hecher, head of development in Germany, Austria and German-speaking Switzerland.
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Source: Reuters
EBA updated Risk Dashboard shows slight improvement of EU banks capital level but NPLs still affect their profitability
October 5, 2017--The European Banking Authority (EBA) published today a periodical update of its Risk Dashboard summarising the main risks and vulnerabilities in the EU banking sector through a set of Risk Indicators in Q2 2017.
The progress is positive, but risks remain heightened on asset quality and sustainable profitability.
view the EBA Dashboard- Q2 2017
Source: European Banking Authority (EBA)
Investoo Group Acquires RoboAdvisors.Com In Bid To Revolutionise Portfolio Management Industry
October 5, 2017--Acquisition of robo advisor comparison site is latest in string of high-profile additions to the London-based firm.
Leading FX affiliate firm Investoo Group is pleased to announce its latest acquisition in the retail investment space. The acquisition of RoboAdvisors.com marks the company's expansion into the Portfolio Management industry.
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Source: Investoo Group
Boerse Stuttgart generates turnover in excess of EUR 5.5 billion in September
October 5, 2017--Equity trading volumes considerably higher than in 2016
According to its order book statistics, Boerse Stuttgart generated turnover of more than EUR 5.5 billion in September 2017.
In equity trading, the order book turnover was more than EUR 1.3 billion, representing an increase of about 9 percent compared with the previous year. The turnover in German equities was EUR 954 million. The trading volume of international equities was almost 5 percent higher than in August, at EUR 378 million.
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Source: Boerse Stuttgart
ECB-Account of the monetary policy meeting
October 5, 2017--Account of the monetary policy meeting of the Governing Council of the European Central Bank, held in Frankfurt am Main on Wednesday and Thursday, 6-7 September 2017
1. Review of financial, economic and monetary developments and policy options
Financial market developments
Mr Cœuré reviewed the latest financial market developments.
Since the Governing Council's monetary policy meeting on 19-20 July 2017 two noteworthy developments had taken place in government bond markets. First, the widening of the spread between the yields on ten-year US Treasury and ten-year German government bonds, which had emerged in the wake of the US presidential election and had narrowed throughout most of 2017, had now practically been reversed. Second, long-term government bond yields in both the United States and the euro area had fallen back to levels last seen around the end of June 2017, thereby reversing most of the rise in yields seen in the run-up to the July 2017 Governing Council meeting.
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Source: ECB
WGC-Market Update: German investment market
October 5, 2017--Germany's gold investment market has boomed in the past 10 years. In the face of successive financial crises and loose monetary policy, German investors turned to gold to protect their wealth.
In response, new product providers entered the market making it easier for people to invest. Last year, more than €6bn was ploughed into gold investment products in Germany and, encouragingly, there is room for further growth: consumer research indicates there is latent retail demand which the industry can tap into.
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Source: World Gold Council (WGC)
New ETF Listing on Euronext-LYXOR SP 500 VIX
October 4, 2017--Euronext is pleased to announce that LYXOR INTERNATIONAL AM will list 1 new ETF on 06/10/2017:
ISIN: LU0832435464
ETF Trading name: LYXOR SP 500 VIX
ETF Symbol: LVX
Venue: Euronext Brussels
Underlying index: S&P 500 VIX Futures Roll Enhan
TER (%): 0,6
Euronext now offers 784 Trackers listed on the European markets.
more info
Source: Euronext
Ultumus-ETF DNA-Europe ETF Market Summary September 2017
October 4, 2017--September 2017 saw European net inflows of US$ 8.0 Bn.
At the end of September 2017 there were 2,454 products domiciled in Europe across 2,972 share classes, with assets of $733.9 Bn from 47 product issuers and 70 index providers.
Assets increased by $18.1 Bn (or 2.5%) in September, with net inflows of $8.0 Bn.
iShares saw the largest net inflows for the month with $4.6 Bn, followed by Amundi with $1.5 Bn and UBS with $797 Mn.
Products tracking STOXX and MSCI indices saw the largest net inflows for the month with each gathering net inflows of $2.65 Bn, followed by products tracking S&P Dow Jones indices with $1.1 Bn, while LBMA based products experienced the largest net outflows of $309 Mn.
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Source: ULTUMUS-Financial Data Management
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