MLP AG will replace GfK SE in SDAX
March 17, 2017--On Friday, Deutsche Börse announced an unscheduled change to the SDAX Index. The shares of MLP AG will replace the shares of GfK SE.
Due to the acquisition of GfK SE by Acceleratio Capital N.V., the free float of GfK SE changed again and dropped to 3.34 %. With a free float below 10 percent, the company is ineligible for index inclusion, according to the rules in the Guide to the Equity Indices of Deutsche Börse AG. The change will become effective on 22 March 2017.
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Source: Deutsche Börse
MIFID II FUND PLATFORMS: It takes two to tang0
March 16, 2017--Fund platforms, which could provide a route for cross-border distribution, face hurdles when MiFID II comes into effect.
Fiona Rintoul looks at the challenges ahead, including data-sharing. Distribution has always put a brake on the dream of a single European market for investment funds.
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Source: funds-europe.com
ETFGI reports assets invested in ETFs and ETPs listed in Europe reach a new record of US$620 Bn at the end of February 2017
March 16, 2017--ETFGI, the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today assets invested in ETFs/ETPs listed in Europe reached a new record high of US$620 billion at the end February 2017 surpassing the prior record of US$599 billion set at the end of January 2017.
ETFs/ETPs listed in Europe gathered US$12.40 Bn of net new assets in February marking the 30th consecutive month of net inflows, according to preliminary data from ETFGI's February 2017 global ETF and ETP industry insights report.
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Source: EDHEC-Risk Institute
Lyxor launches ETF tracking UK inflation expectationsLyxor launches ETF tracking UK inflation expectations
March 15, 2017--European ETF provider Lyxor has launched a new fund providing investors with exposure to UK inflation expectations.
The Lyxor UKĀ£ 10Y Inflation Expectations UCITS ETF (LON: UKBE) targets the spread between traditional bond yields and those of inflation-linked bonds, thus offering a pure play on inflation expectations without exposing the investor to changing interest rates.
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Source: etfstrategy.co.uk
First green bond lists on Borsa Italiana
March 13, 2017--Borsa Italiana launches new green bond segment
ENEL FINANCE INTERNATIONAL N.V. €1.25 billion green bond issue is the first to list on the new Italian segment
Builds on LSEG's commitment to developing a comprehensive green product offering
Borsa Italiana launches a new segment on ExtraMOT PRO dedicated to the issuance of green and social bonds.
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Source: London Stock Exchange Group
Sale of stake in Deutsche AM puzzles analysts
March 13, 2017--German bank plans to raise about €2bn by selling parts of its asset management unit.
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Source: FT.com
ESMA publishes first set of CSDR Q&As
Monday 13, 2017--The European Securities and Markets Authority (ESMA) has published its first set of Questions and Answers (Q&As) on the CSDR, this follows the publication in the Official Journal of the CSDR Level 2 package (except for settlement discipline which are still pending).
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Source: ESMA
One Of Bitcoin's Biggest Funds Just Brought On An Etf Industry Power Player: Global Advisors Names ETF Industry Veteran Laurent Kssis As Interim Managing Director Of Bitcoin ETN Issuer, XBT Provider AB
March 13. 2017-Global Advisors (Jersey) is announcing ETF industry veteran, Laurent Kssis, as interim managing director of XBT Provider AB: issuer of world's only publicly listed bitcoin Exchange Traded Note (ETN).
Kssis joins XBT Provider as demand for bitcoin-based financial products, especially ETFs, is at all-time highs. Global Advisors sees underserved demand in key markets globally and intends to capture it with a series of products slated for 2017 and 2018. Kssis will be integral in this pursuit.
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Source: Global Advisors
Monday Morning Memo: Are bond ETFs a driver of growth or the next troublemaker for the ETF industry?
March 13, 2017--Bonds and bond funds, despite the low-interest-rate environment, are in general one of the preferred asset types of European investors.
Therefore, it is not surprising that promoters of exchange-traded funds (ETFs) also try to get their share of this asset's growth, which also explains the growing number of bond ETFs in the European market.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper