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ECB warns on risk of 'abrupt' bond market shake-out
May 24, 2017--Financial stability review highlights risk of reining in monetary stimulus.
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Source: FT.com
ECB-Euro area investment fund statistics: first quarter of 2017
May 24, 2017--In the first quarter of 2017 the outstanding amount of shares/units issued by investment funds other
than money market funds was €10,464 billion, which is €419 billion higher than in the fourth quarter of
2016.
Investment funds other than money market funds increased their holdings of both equity and debt securities issued by the rest of the world. At the same time the holdings of debt securities issued by
euro area residents decreased and equity increased.
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Source: ECB
ESMA consults on Money Market Funds rules
May 24, 2017--The European Securities and Markets Authority (ESMA) has published a Consultation Paper (CP) on the Money Market Funds Regulation (MMFR).
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Source: ESMA
ESMA publishes updated AIFMD and UCITS Q&As
May 24, 2017--The European Securities and Markets Authority (ESMA) has published updated questions and answers documents (Q&A) on the application of the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).
The AIFMD Q&As include three new questions and answers on:
Reporting to National Competent Authorities (NCAs) on the breakdown between retail and professional investors; Notification of AIFMs on the AIFs to be managed, if domiciled in another Member State;
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Source: ESMA
Russian Economy Moves to Recovery from Recession, says the World Bank
May 23, 2017--The Russian Federation is showing encouraging signs of overcoming the recession it entered in 2014.
The economy is projected to grow 1.3% in 2017, and then 1.4% in both 2018 and 2019, according to the World Bank's latest Russia Economic Report (no. 37 in the series) launched today in Moscow.
view the World Bank From Recession to Recovery Russia Economic Report
Source: World Bank
European Semester 2017 Spring Package: Commission issues country-specific recommendations
May 22, 2017--States should use the window of opportunity offered by the economic recovery to pursue structural reforms, boost investment and strengthen their public finances.
The European Commission today presents its 2017 country-specific recommendations (CSRs), setting out its economic policy guidance for individual Member States for the next 12 to 18 months. The economy in the EU and the euro area is proving resilient, but challenges, such as slow productivity growth, the legacies of the crisis-including persisting inequalities-and uncertainty arising mostly from external factors continue.
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Source: European Commission
Irish central bank examines regulation of ETFs
May 21, 2017--Clarification sought on ownership and pricing in $4tn exchange traded fund market.
Ireland's central bank has become the latest regulator to call for greater scrutiny of how the $4tn exchange traded fund industry works and whether existing guidelines are adequate in light of the industry's astronomical growth.
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Source: FT.com
Russian Federation: Staff Concluding Statement of the 2017 Article IV Mission
May 19, 2017--The economy is exiting a two-year recession that, thanks to the authorities' effective policy response and the existence of robust buffers, proved shallower than past downturns.
Growth is expected to reach 1.4 percent this year, supported by easier financial conditions and higher oil prices. Inflation continues to decline, driven by the ruble appreciation and still weak consumer demand, and is forecasted to reach the Central Bank's 4 percent target this year and to remain close to it thereafter.
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Source: IMF
Borsa Italiana: ETF Stat April 2017
May 18, 2017--New Listing
17 new ETFs listed on ETFplus market
Now available 1194 instruments (761 ETFs, 304 ETCs/ETNs and 129 open-end funds)
AUM
The Asset Under Management (AUM) in Italy sets a new record: €60.35 billion (€54.65bn for ETFs, €5.55bn for ETCs/ETNs and €0.151bn for open-end funds) with a growth of 24.21%compared to April 2016
Trading
Total on-exchange value traded for ETFs, ETCs/ETNs and open-end funds was €8.2 billion (341,444 trades), up by 6.88% compared to April 2016
Open-end funds
New record with a daily turnover of €1.4 million
Total on-exchange value traded YTD has increased to €56.90 million, vs €15.85 million YTD 2016
New RFQ functionality
Total on-exchange value traded through RFQ has increased to €501.37 million, vs €125.53 million of March. Since its inception (Dec 2016), the functionality has helped our customers to trade over €1 billion in ETFs
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Source: Borsa Italiana
Six new BNP Paribas ETCs from industrial metals sector launched on Xetra
May 18, 2017--ETCs provide access to Rogers International Commodity Enhanced Indices (RICI) and are tradable in US Dollar
Six new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra since Thursday.
The new ETCs expand BNP Paribas' product range by giving investors access to the performance of futures contracts from the industrial metals sector in the trading currency US dollars.
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Source: Deutsche Börse Cash Market