Monday Morning Memo: Review of the European ETF Market, H1-2017
August 6, 2017--The promoters of ETFs enjoyed high net inflows over the course of first half 2017. In combination with positive market performance the assets under management in the European ETF industry (€577.8 bn) increased for H1-2017, up from €514.5 bn at the end of December 2016.
The increase of €63.4 bn for first half 2017 was mainly driven by net new sales (+€50.2 bn), while market performance contributed €13.2 bn to the assets under management in the ETF segment.
view more
Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
Vanguard breaks ranks to pay for analyst research
August 6, 2017--Fund giant heaps pressure on rivals by covering research costs under Mifid II rules.
Vanguard has become the first large US asset manager to decide to stop charging investors for analyst research ahead of new European rules that will radically transform how banks, brokerages and fund managers interact.
view more
Source: FT.com
EBA publishes indicators from 36 global systemically important institutions (G-SIIs)
August 5, 2017-- The European Banking Authority (EBA) published today indicators from 36 large institutions in the EU, as provided for in the Implementing Technical Standards (ITS) and Guidelines on disclosure rules applicable to institutions whose leverage ratio exposure measure exceeds 200 billion Euro.
view more
Source: European Banking Authority (EBA)
WisdomTree-How to use ETPs to hedge fixed income portfolios
August 4, 2017--Fixed income has been at the heart of European investor portfolios for many years with average allocations in 2016 standing at 51%.
Even in an environment of low or negative yielding domestic government bonds, overall allocations have remained high. Now Eurozone government bond investors are overwhelmingly focused on the risks relating to the end of quantitative easing and the potential for a rise in interest rates at some point in 2018.
view more
Source: Nizam Hamid, ETF Strategist, WisdomTree Europe
New Deutsche Asset Management smart beta bond index ETF launched on Xetra
August 4, 2017--ETF offers access to high quality emerging market government bonds with a
currency hedge
A new exchange traded fund (ETF) issued by Deutsche Asset Management has been tradable on Xetra and Börse Frankfurt since Friday.
The bond index ETF enables
investors to participate in the performance of emerging market government bonds denominated in US dollars that meet particular quality criteria. The benchmark
index components are weighted according to fundamental data such as per capita
GDP or the rate of inflation. The exchange rate risk between the US dollar and the euro is minimised with this ETF.
view more
Source: Deutsche Börse Cash Market
EBA publishes a Discussion Paper on its approach to FinTech
August 4, 2017--The European Banking Authority (EBA) published today a Discussion Paper on its approach to financial technology (FinTech). The EBA sets out in the Discussion Paper the results of the first EU-wide FinTech mapping exercise and its proposals for future work on FinTech.
FinTech has the potential to transform the provision of financial services. For this reason, public authorities in the EU and beyond have started to investigate the impact FinTech is having on the financial system and its regulation and supervision.
view the EBA Discussion Paper on Fintech
Source: European Banking Authority (EBA)
Mind the cap: dark trading under MiFID II
August 3, 2017--With Australia and Canada having already adopted new rules to oversee trading within dark pools, it is now Europe's turn to shed some light on this activity.
Considering that only about 9% of European equities were traded within dark pools in 2014 (in comparison to about 40% in the US), it may seem surprising that MiFID II is seeking a highly inflexible approach towards dark trading, predominantly through the introduction of controversial caps by 2017.
view more
Source: regtechfs.com
SIX Swiss Exchange ETF Market Report: 2nd quarter 2017
August 3, 2017--This report provides detailed figures regarding the performance of SIX Swiss Exchange's ETF segment.
Today, SIX Swiss Exchange published the new ETF Market Report. In order to provide you with even more information about the development of its ETF segment, SIX Swiss Exchange has comprehensively revised and enhanced its report ETF Quarterly Statistics.
Many new ETFs listed
The second quarter on the Swiss ETF market was somewhat weaker than the traditionally strong Q1 of a year: ETF turnover declined from CHF 33.1 billion in Q1 2017 to recently CHF 28.6 billion. However, the most recent ETF turnover figures are very robust compared to Q2 2016 (CHF 22.3 billion), rising by around 30%.
view the ETF Market Report: 2nd quarter 2017
Source: SIX Swiss Exchange
National Statistics: UK official holdings of international reserves: July 2017
August 3, 2017--This monthly release shows details of movements in the UK's official holdings of international reserves, or assets. These consist of gold, foreign currency assets and International Monetary Fund assets.
view
Source: HM Treasury
July turnover at Boerse Stuttgart in region of EUR 6 billion
August 2, 2017--Investment products and debt instruments show year-on-year increase in trading volume
Based on the order book statistics, turnover at Boerse Stuttgart in July 2017 was around EUR 6 billion.
The lion's share of this total, around EUR 2.5 billion, was generated by securitised derivatives-approximately EUR 1.2 billion from leverage products and around EUR 1.3 billion (up 5 percent on July 2016) from investment products.
If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
Source: Boerse Stuttgart