STOXX Announces Component Changes to STOXX Europe 50 Index
May 26, 2017-- STOXX Ltd., the operator of Deutsche Boerse Group's index business, and a global provider of innovative and tradable index concepts, today announced component changes in the STOXX Europe 50 index due to the takeover of Syngenta.
All changes to the STOXX Europe 50 index shall become effective when the relevant markets open on May 31, 2017.
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Source: Deutsche Börse Cash Market
First BNP Paribas Easy smart beta ETF on Japanese companies launched on Xetra
May 26, 2017--The new smart beta equity index ETF issued by BNP Paribas Easy has been tradable via Xetra and Börse Frankfurt since Thursday.
The BNP Paribas Easy iSTOXX MUTB Japan Quality 150 UCITS ETF enables investors to participate in the performance of the iSTOXX MUTB Japan Quality 150 Index. Companies are selected for the index based on a model that assesses them using certain key financials. The 150 Japanese companies selected have high earnings potential, low debt, sustainable cash flow and economic stability.
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Source: Deutsche Börse Cash Market
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
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