Research could be next for trading floor
April 18, 2017--Pending regulations could be impetus for creation of market using financial tech
The next commodity traded on an exchange could be manager research
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Source: pionline.com
DB Research-Synthetic Equity & Index Strategy-European Monthly-ETF Market Review-Flows into European equity continue
April 13, 2017--European ETP Monthly Highlights (Assets & Flows):
Assets
European ETPs AUM increased by €15bn on MoM basis and
ended the month at €594bn.
Flows
European domiciled ETPs registered strong inflows of +€10.9bn
for the third consecutive month in 2017. Equity ETFs were dominant
where there were inflows of +€6.6bn followed by Fixed Income ETFs and
Commodity ETPs with inflows of +€2.9bn and +€1.3bn respectively.
New Product Launches-20 new products
European ETP market witnessed 20 new launches in March which includes
Leverage/Inverse, Sectors and SRI based products.
Investment Themes for the Month
European equities drew +€0.8bn of inflows primarily into broad composites. EM also saw +€1bn of inflows. Country wise, US (+€1.9bn) benefited while Australia saw outflows (-€0.5bn).
The Smart Beta segment saw a modest increase (+€0.2bn) where Factor ETFs activity were relatively muted. In other segments, Mid caps (+ €388mn), IT sector (primarily Robotics & Automations, +€299mn) also had notable gains. Currency hedged ETFs saw +€1.3bn inflows, primarily into CHF, EUR & GBP hedged products.
Corporates & Sovereigns commanded inflows in the Fixed Income segment (+€2.9bn). Broad Bonds saw the highest assets growth.
Gold based ETPs (+€0.6bn) contributed most to overall commodity flows (+€1.3bn).
US listed ETFs with exposure to Europe registered monthly inflows of + $1.9bn. Turnover: MoM turnover increased by 16% The total turnover activity into European ETPs increased by 16% (€75.9bn) compared to the previous month’s total (€65.5bn).
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Source: Deutsche Bank Research-Europe-Synthetic Equity & Index Strategy
Panic at the Sell Side
April 13, 2017--Or, for European research houses, something closer to denial.
The sell side doesnt quite get it yet.
That is the consensus view among asset managers and independent analysts nine months before the European Union
rolls out regulations that will rock the securities research landscape.
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Source: institutionalinvestor.com
Lyxor-Monthly European ETF Market Trends-March 2017
April 12, 2017--European ETF market flows ended the first quarter on a positive note, continuing the positive trend for 2017. Net New Assets (NNA) in March amounted to EUR9.8bn, i.e. a total of EUR30bn for Q1 2017, a record high quarter.
Total Assets under Management are up 10% vs. the end of 2016, reaching EUR566bn, including a positive market impact of 4%. Flows into both developed and emerging market equity and fixed income ETFs were positive for the month in a risk-on environment supported by an upbeat macroeconomic backdrop.
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Source: Lyxor
Solactive and Equileap team up to launch a family of gender equality indices with Europe, US and Global focus
April 11, 2017--Offering exposure to companies with embedded gender equality practices
Solactive and Equileap have designed a new family of indices tracking leading companies in the field of gender equality.
The family consists of three indices, the Solactive Equileap Europe Gender Equality Index, the Solactive Equileap US Gender Equality Index and the Solactive Equileap Global Gender Equality Index (ticker EQUAL), all offering investors different geographic exposures to the same gender lens methodology. The indices will be used as the underlying baskets for investment products such as ETFs and structured products.
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Source: solactive.com
Brent Crude Oil ETC from BNP Paribas launched on Xetra
April 11, 2017--A new exchange traded commodity (ETC) issued by BNP Paribas Arbitrage Issuance B.V. has been tradable on Xetra and Börse Frankfurt since Tuesday. ETC name: EUR Hedged RICI Enhanced Brent Crude Oil Total Return Index ETC
ISIN: DE000PB6REB0
Management fee: 1.2 percent
Distribution policy: accumulating
Reference index: Rogers International Commodity Enhanced Brent Crude Oil Total Return Index.
The EUR Hedged RICI Enhanced Brent Crude Oil Total Return Index ETC enables investors to participate in the performance of Brent crude oil. The reference index comprises Brent crude oil futures contracts with differing maturities-and is denominated in US dollars.
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Source: Deutsche Börse
Faster Growth Brings More Jobs to the Western Balkans
April 6, 2017--Countries in the Western Balkans are growing at a faster pace than in 2015, with regional growth projected to be 2.8 percent in 2016 and 3.2 percent in 2017, according to the latest World Bank Western Balkans Regular Economic Report (WB RER)*.
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view the World Bank Western Balkans Regular Economic Report-Faster Growth, More Jobs report
Source: World Bank
ESMA issues final guidelines regarding circuit breakers under MiFID II
April 6, 2017--The European Securities and Markets Authority (ESMA) has issued today the final report on the Guidelines regarding the calibration of circuit breakers and the publication of the trading halts under the Markets in Financial Instruments Directive (MiFID II).
These Guidelines provide further detail on the parameters that trading venues should consider for the calibration of their circuit breakers, considering as such not only trading halts but also order price collars
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Source: ESMA
LSE launches private placement platform
April 5, 2017--Capital to come from institutional investors such as BlackRock, Fidelity and Carlyle
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Source: FT.com
National Statistics: UK official holdings of international reserves: March 2017
April 5, 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.
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Source: HM Treasury