Brexit Puts Financial-Trade Tax on Ice as Banks Start Moving
July 17, 2017--Governments grow wary as they try to lure firms from the U.K.
Elections in the autumn create more uncertainty over effort.
A six-year push to impose a tax on financial transactions in Europe may have run its course, with Germany and France dragging their feet as they prepare for Brexit and a redrawing of the financial map that has already begun.
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Source: Bloomberg
Procedure for reporting of circuit breakers' parameters by NCAs to ESMA
July 17, 2017--ESMA has published the Procedure for reporting of circuit breakers' parameters by NCAs to ESMA.
< href="https://www.esma.europa.eu/file/22645/download?token=38rWrPTK" TARGET="_blank">view more
Source: ESMA
Monday Morning Memo: Review of the European ETF Market-June 2017
July 17, 2017--The promoters of exchange traded funds enjoyed net inflows for June. Despite these net inflows the assets under management in the European ETF industry (€577.8 bn) decreased for June, down from €577.9 bn at the end of May.
The decrease of €0.1 bn for June was driven by market performance (-€7.8 bn), while net new sales contributed €7.7 bn to the assets under management in the ETF segment.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
Ossiam hires product specialist for German-speaking countries
July 14, 2017--Ossiam, the smart beta specialist fund manager and affiliate of Natixis Global Asset Management (Natixis), has expanded its team with the appointment of Mirko Jungmann as product specialist for Austria, Switzerland and Germany.
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Source: .wealthadviser.co
DB-Synthetic Equity & Index Strategy-ETF Directory Europe
July 14, 2017--The DB-Synthetic Equity & Index Strategy-ETF Directory Europe Q2 2017 is available for viewing..
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Source: Deutsche Bank Markets Research-Europe-Synthetic Equity & Index Strategy
BlackRock launches floating rate bond ETF
July 13, 2017--BlackRock expanded its fixed income exchange traded fund (ETF) range with the launch of a floating rate bond fund, designed to protect investor portfolios against a rise in interest rates.
The iShares $ Floating Rate bond Ucits ETF (FLOT) provides exposure to US dollar denominated floating rate bonds.
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Source: investmenteurope.net
BMO launches trio of enhanced income ETFs
July 13, 2017--BMO Global Asset Management has launched what it claims to be the UKs first enhanced income exchange traded funds (ETFs) based on a covered calls strategy.
The strategies aim to generate income from selling call option contracts in addition to the dividend income received from the underlying stocks in the index.
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Source: citywireselector.com
Morningstar Direct European ETF Asset Flows Update-Q2 2017
July 13, 2017--US equity ETFs on the back foot.
The European exchange-traded fund market saw net inflows of EUR 24 billion in the second quarter, down from EUR 33.4 billion in the previous period.
Assets under management grew to EUR 613.1 billion from EUR 600.5 billion. The increase in assets lagged that of net new money, thus implying net capital losses of EUR 11.3 billion over the quarter.
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Source: Morningstar, Inc.
New UBS Global Asset Management commodity index ETF on energy and metals sector launched on Xetra
July 12, 2017--A new exchange traded fund (ETF) issued by UBS Global Asset Management has been
tradable on Xetra and Börse Frankfurt since Tuesday.
The commodity index ETF
enables investors to participate in the performance of a broadly diversified
basket of commodities. The reference index comprises components from the energy
and metals sector. Components from livestock and agriculture are excluded. The ETF minimises the exchange rate risk between the US dollar and the euro.
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Source: Deutsche Börse Cash Market
ESMA publishes new Q&A on Alternative performance measures guidelines
July 12, 2017--The European Securities and Markets Authority (ESMA) has published four new questions in its Questions and Answers (Q&A) document, on the implementation of its Guidelines on the Alternative Performance Measures (APMs) for listed issuers.
The new questions provide information on:
the definition of APMs in the context of interim financial statements;
the prominence of APMs, i.e, the way they are presented compared to IFRS figures outside financial statements; and
the use of the "compliance by ...
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Source: ESMA
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