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Lipper Monday Morning Memo: Monday Morning Memo: European Investors Look Globally for Yield-European Fund-Flow Trends, July 2017
August 28, 2017--July was the seventh consecutive month showing a positive picture for long-term mutual funds. European fund promoters enjoyed net inflows into equity funds (+€19.1 bn), followed by bond funds (+€17.1 bn), mixed-asset funds (+€10.3 bn), alternative UCITS funds (+€5.3 bn), and commodity funds (+€0.3 bn) as well as real estate funds (+€0.1 bn).
Meanwhile, "other" funds (-€1.3 bn) faced net outflows.
These fund flows added up to overall net inflows of €51.1 bn into long-term investment funds for July. ETFs contributed €7.8 bn to these flows.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
Pay MiFID Research Costs Yourselves, Wealth Managers Tell Funds
August 23, 2017--Asset owners say fund managers should absorb research costs
MiFID II brings in research payment costs for asset overseers
As fund managers and research providers tussle over the cost of research under new European rules, some wealth managers are resisting the idea of paying anything at all.
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Source: Bloomberg
U.K. Brexit Concerns Rise as Businesses Fret About Economy
August 22, 2017--Talks on Britain's exit from EU are due to resume next week
Oxford Economics says odds of a successful deal have reduced
U.K. companies are getting more worried about the economy and feeling less confident in spending money on hiring or investing, according to a new report.
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Source: Bloomberg
Lipper Monday Morning Memo: Review of the European ETF Market, July 2017
August 21, 2017--The promoters of ETFs enjoyed net inflows for July. Backed by the net inflows, the assets under management in the European ETF industry (€582.2 bn) increased for July, up from €577.6 bn at the end of June.
The increase of €4.6 bn for July was driven by net new sales (+€8.1 bn), while market performance contributed a negative €3.5 bn to the assets under management in the ETF segment. With regard to the overall number of products, it was not surprising that equity funds (€407.0 bn) held the majority of the assets, followed by bond funds (€145.6 bn), commodity products (€17.6 bn), "other" funds (€7.0 bn), money market funds (€4.1 bn), mixed-asset funds (€0.6 bn), and alternative UCITS products (€0.3 bn).
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
Unscheduled adjustment in MDAX
August 21, 2017--On Monday, Deutsche Börse announced an unscheduled change to the MDAX Index. Due to the acquisition of STADA Arzneimittel AG by Nidda Healthcare Holding AG, the free float of STADA Arzneimittel AG changed by more than 10 percentage points.
According to the Guide to the Equity Indices of Deutsche Börse AG, section 5.1.5 Extraordinary Free Float Adjustments, the company's free float will be adjusted in the index from the current 99.86 percent to 36.10 percent. These changes will become effective on 24 August 2017.
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Source: Deutsche Börse Group
UK outlines approach to cross-border legal disputes post-Brexit
August 21, 2017-- Britain urged the EU on Tuesday to stick to the existing system for resolving cross-border civil disputes after Brexit, expanding on a list of proposals for future ties to try to nudge talks forward with the bloc.
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Source: Reuters
New ETF Listing on Euronext-Amundi ETF
August 18, 2017--Euronext is pleased to announce that Amundi Asset Management will list 1 new ETF on 22/08/2017 :
ISIN: FR0013267846
ETF Trading name: AMUNDI ETF FTS PIR
ETF Symbol:ITALI
Venue: Euronext Paris
Underlying index: FTSE Italia PIR Benchmark Net
TER (%): 0,35
Euronext now offers 793 Trackers listed on the European markets.
for more info
Source: Euronext
ETFGI reports in Europe ETFs and ETPs gathered a record 74 billion US dollars in net inflows in first 7 months of 2017 surpassing the 2016 record total
August 18, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Europe gathered net inflows of US$10.16 Bn in July marking the 33rd month of consecutive inflows.
Year to date, net inflows stand at a record US$74.02 Bn which is more than double the net inflows of US$31.74 Bn at this point last year and more than the record US$55.69 Bn gathered in all of 2016.
YTD through end of July 2017, ETF/ETP assets have increased by 22.2% from US$573 Bn to reach a new record US$700 Bn.
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Source: ETFGI
ECB-Euro area investment fund statistics: second quarter of 2017
August 18, 2017--In the second quarter of 2017 the outstanding amount of shares/units issued by investment
funds other than money market funds was €10,639 billion, which is €171 billion higher than in the first quarter of 2017.
Investment funds other than money market funds increased their holdings of debt securities issued by the rest of the world and decreased equity issued by the rest of the world. At the same
time the holdings of both equity and debt securities issued by euro area residents increased.
Mixed funds registered an inflow of €67 billion in the second quarter of 2017, while bond funds experienced an inflow of €102 billion.
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Source: ECB
Banks Publish Research Costs Ahead of MiFID II, Revealing Industry Disparity
August 18, 2017--UBS and JPMorgan revealed the lowest priced equity research packages in the industry, starting at $10k.
August
Over the past month, banks and asset managers have begun disclosing their research packages for clients. Under the upcoming MiFID II regulatory shift, these venues will be obligated to publish their research spending costs-UBS has become the latest lender to release its figure, charging as low as $40,000 a year for equity research.
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Source: financemagnates.com
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