ESMA consults on draft standards for trading obligation for derivatives under MiFIR
June 19, 2017--The European Securities and Markets Authority (ESMA) has published today a consultation paper regarding its draft technical standards specifying the trading obligation for derivatives under the Markets in Financial Instruments Regulation (MiFIR).
MiFIR's trading obligation will move over-the-counter (OTC) trading in liquid derivatives onto organised venues thus increasing market transparency and integrity alike. MiFIR, which implements parts of the MiFID II framework, outlines the process for determining which derivatives should be...
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Source: ESMA
80% of German institutions 'have no exposure to alternatives'
June 16, 2017--Regulations, costs, and illiquidity are proving to be barriers for German institutions' allocations to alternative asset classes, a survey has shown.
There was "no clear upwards trend" to more alternative asset classes among mandates issued by German institutions last year, according to a Spezialfonds survey by German rating company Telos.
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Source: IP&E
Borsa Italiana: ETF Stat May 2017
June 16, 2017--New Listing
2 new issuers listed their first ETFs in Italy: First Trust and VanEck
19 new ETFs listed on ETFplus market in May
Now available 1208 instruments (763 ETFs, 313 ETCs/ETNs and 132 open-end funds)
Aum
The Asset Under Management (AUM) in Italy sets a new record: €62.30 billion (€56.01bn for ETFs, €6.13bn for ETCs/ETNs and €0.167bn for open-end funds) with a growth of 26.14% compared to May 2016
Trading
Total on-exchange value traded for ETFs, ETCs/ETNs and open-end funds was €9.64 billion (464,031 trades), up by 20.27% compared to May 2016
Open-end funds
Total on-exchange value traded YTD has increased to €75.46 million, vs €19.12 million YTD 2016
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Source: Borsa Italiana
China Post Global launches smart-beta Japan ETF-Listed on Deutsche Borse
June 16, 2017-China Post Global has launched an ETF focused on quality Japanese stocks on the Deutsche Boerse exchange, available to investors in the UK.
The Market Access Japan Quality 150 Index UCITS ETF aims to replicate the performance of the iSTOXX MUTB Japan Quality 150 index which screens for stocks with high levels of profitability, sustainable cashflow sand low leverage.
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Source: investmentweek.co.uk
IMF-Euro Area: IMF Staff Concluding Statement of the 2017 Article IV Mission
June 15, 2017--The recovery has gained momentum, with a virtuous circle of private consumption and job creation. This provides an excellent opportunity to push forward with architectural reforms to deepen the Economic and Monetary Union (EMU).
At the same time, structural reforms at the country level are needed to spur productivity growth, reduce competitiveness gaps, and help revive income convergence across the union. High-debt countries should use the remaining window of monetary accommodation to rebuild policy buffers. Countries already operating at capacity should support the healing process, including by accepting above 2 percent inflation for a prolonged period and by fostering more demand at home.
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Source: IMF
ESMA publishes 2016 Annual Report
June 15, 2017--The European Securities and Markets Authority (ESMA) has published its 2016 Annual Report, which sets out ESMA's objectives, activities and key achievements during the course of 2016.
In 2016, ESMA continued to make progress in its mission of enhancing investor protection and promoting stable and orderly financial markets through its four activities of:
assessing risks to investors, markets and financial stability;
creating a single rulebook;
view the ESMA 2016 Annual Report
Source: ESMA
Lyxor halves European equity ETF fees
June 15, 2017--Lyxor has cut charges on three European equity exchange traded funds (ETFs) by more than half to undercut the competition in a heated passive price war.
As of 12 June the cost of Lyxor Euro Stoxx 50 UCITS ETF (MSED), Lyxor Euro Stoxx 300 UCITS ETF (MFDD) and Lyxor Stoxx Europe 600 UCITS ETF (MEUD) has fallen from 0.15 per cent to 0.07 per cent.
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Source: Lyxor
VanEck Investments Limited announces that all four VanEck Vectors UCITS ETFs listed on the London Stock Exchange will be available for trading in GBP 14 June 2017
June 15, 2017--Exchange Tickers for the listing in GBP:
VanEck Vectors J.P. Morgan EM Local Currency Bond UCITS ETF (EMGB)
VanEck Vectors Gold Miners UCITS ETF (GDGB)
VanEck Vectors Junior Gold Miners UCITS ETF (GJGB)
VanEck Vectors Morningstar US Wide Moat UCITS ETF (MOGB)
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Source: London Stock Exchange Group
Optimism grows for eurozone stocks' prospects
June 14, 2017--The STOXX Europe 600 index has gained about 8% since January, with analysts predicting that the eurozone recovery will continue through the rest of the year.
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Source: smartbrief.com
ESMA issues risk dashboard for first quarter of 2017
June 14, 2017--The European Securities and Markets Authority (ESMA) has issued today its most recent iteration of its Risk Dashboard, covering risks in the EU's securities markets for 1Q2017.
ESMA's overall risk assessment remains unchanged from 4Q16 at high levels.
In 1Q17, EU financial markets remained relatively calm with stable volatility and increasing equity market prices. EU sovereign bond yields continued to increase in 1Q17 by around 19 bps on average mirroring US government bonds. However, yield developments were heterogeneous with potential...
view the ESMA Risk Dashboard 1Q2107
Source: ESMA