First Trust launches actively managed global currencies ETF
July 31, 2017--ETF provider First Trust Global Portfolios (FTGP) has launched what it describes as the first actively managed ETF in Europe focused on investing in global foreign exchange markets.
The Irish-domiciled First Trust FactorFX Ucits ETF is denominated in USD and has a total expense ratio of 0.75%.
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Source: international-adviser.com
Monday Morning Memo: 2017-New Records Ahead for the European Fund Industry?
July 31, 2017--Review of the Trends in the European Fund Industry H1-2017
Looking at the headline figures, first half 2017 set the stage for a new record year in the European fund industry. The assets under management in Europe stood at €10.0 tr at the end of June, close to the record level shown earlier in the year. In addition, the European fund industry enjoyed net inflows of €362.5 bn over the course of first half 2017.
Assets Under Management in the European Fund Industry
The assets under management in the European fund industry increased from €9.4 tr to €10.0 tr over the course of first half 2017. This increase was mainly driven by net inflows (+€362.5 bn), while market performance contributed €282.7 bn.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
ETFGI reports assets invested in ETFs/ETPs listed in Europe reach a new record of US$686 billion at the end of first half of 2017
July 31, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Europe reached a new record of US$686 billion at the end of first half of 2017, according to ETFGI's June 2017 global ETF and ETP industry insights report.
At the end of June 2017, the European ETF/ETP industry had 2,286 ETFs/ETPs, with 7,227 listings, assets of US$686 Bn, from 60 providers listed on 27 exchanges in 22 countries.
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Source: ETFGI
Brexit set to raise UK banks' costs 4% and capital needs 30%
July 31, 2017--Most detailed assessment yet comes amid risk of resources shift to US and Asia
Brexit will push up costs for banks by as much as 4 per cent and their capital requirements will rise by up to 30 per cent, according to the most detailed assessment yet of what Britain's departure from the EU means for the sector.
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Source: FT.com
Flow Traders NV: Flow Traders reports market share gains in 2Q17 and announces interim dividend of EUR0.30
July 28, 2017--Flow Traders N.V. (Euronext: FLOW) today announced its 2Q17 results (unaudited), stating that:
Global ETP Assets under Management (AuM) reached the highest level on record end 2Q17 (in US$) with continuous inflows
Products in which Flow Traders is a registered market maker rose to 5,274 (+27% YTD, +6% Q-o-Q)
Flow Traders 2Q17 ETP Value Traded rose to €184.7bn (+6% Q-o-Q), outperforming the market in EMEA and the Americas. This led to an increase of our ETP Value Traded by 21% Y-o-Y in 1H17 where the market ETP Value Traded declined 12% Y-o-Y
Flow Traders 2Q17 Net Trading Income (NTI) reached €46.7m, reflecting the ongoing slow market conditions and product mix traded
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Source: Flow Traders N.V.
FCA to end LIBOR benchmark before 2022
July 27, 2017--The U.K. Financial Conduct Authority will phase out LIBOR by the end of 2021 Andrew Bailey, the head of the regulator, said in a speech Thursday.
It has become clear there isn't enough meaningful data to sustain the benchmark that underpins more than $350 trillion in securities, he said.
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Source: pionline.com
BlackRock launches diversified commodities ETF
July 27, 2017--BlackRock has launched a new exchange traded fund (ETF)-the iShares Diversified Commodity Swap UCITS ETF (ICOM).
The US investment giant said that it has added the new fund with a remit to deliver exposure to 20 different commodities representing five sectors including: energy, agriculture, industrial metals, precious metals and livestock.
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Source: internationalinvestment.net
VanEck Registration for distribution in Denmark
July 27, 2017--VanEck Investments Limited wishes to announce that the following four VanEck Vectors(R) UCITS ETFs have been registered for distribution in Denmark:
VanEck Vectors J.P. Morgan EM Local Currency Bond UCITS ETF (EMLC)
VanEck Vectors Gold Miners UCITS ETF (GDX)
VanEck Vectors Junior Gold Miners UCITS ETF (GDXJ)
VanEck Vectors Morningstar US Wide Moat UCITS ETF (MOAT)
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Source: VanEck Vectors UCITS ETFs plc
IMF-Italy: Selected Issues
July 27, 2017--COMPETITIVENESS AND WAGE BARGAINING REFORM IN ITALY1
The growth of Italian exports has lagged that of euro area peers. Against the backdrop of unit labor costs that have risen faster than those in euro area peers, this paper examines
whether there is a competitiveness challenge in Italy and evaluates the framework of wage bargaining.
Wages are set at the sectoral level and extended nationally. However,
they do not respond well to firm-specific productivity, regional disparities, or skill mismatches.
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Source: IMF
European equity fund inflows reach nearly $30bn so far in 2017
July 27, 2017--European stock funds continue to curry favour with investors, with inflows to continental equity funds rising to nearly $30bn since the year began.
Investors added $3.3bn to European equity funds in the week to July 26, according to flows tracked by EPFR.
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Source: FT.com
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