Exchange Traded Funds-Central Bank Publishes Discussion Paper
May 15, 2017--Exchange traded funds have assets in excess of US$4tn globally
Ireland is the principal domicile for European ETFs
Central Bank Discussion Paper leads an international exchange of views on ETFs
The Central Bank has today published a Discussion Paper on Exchange Traded Funds (ETFs).
Ireland is the largest European centre for Exchanged Traded Funds (ETFs), which are the fastest growing type of investment fund globally. ETFs have experienced exponential growth since they were first established in 1990 with more than US$4tn in assets globally as at the end of April 2017.
view the Discussion Paper 6-Exchange Traded Funds
Source: Central Bank of Ireland
Asset managers struggle with illiquidity trap
May 15, 2017--A wave of Brexit-related fund suspensions led to soul-searching across the industry.
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Source: FT.com
U.K.'s Labour to Impose Stamp Duty on Bonds and Derivatives
May 13, 2017--Financial institutions would lose exemption, pay lower rate
Party estimates the move would more than double revenue
Britain's Labour Party pledged to more than double what the government raises from taxes on financial transactions by extending stamp duty to cover derivatives and bonds, and removing an exemption for trading houses.
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Source: Bloomberg
Lyxor-Monthly European ETF Market Trends-April 2017
May 13, 2017--European ETF market flows slowed down substantially in April 2017.
Net New Assets (NNA) during the month amounted to EUR4.4bn, the
lowest since December 2016.
Total Assets under Management are up 11%
vs. the end of 2016, reaching EUR572bn, including a positive market impact
of 4%. European and Global equities benefited from attractive valuations
compared to the US.
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Source: Lyxor
U.K.'s Labour to Impose Stamp Duty on Bonds and Derivatives
May 13, 2017--Britain's Labour Party pledged to more than double what the government raises from taxes on financial transactions by extending stamp duty to cover derivatives and bonds, and removing an exemption for trading houses.
The "Robin Hood Tax" would raise an extra 4.7 billion pounds ($6.1 billion) a year, while eliminating "the most destabilizing forms" of high-frequency trading, the opposition party said in a statement. Last year, stamp duty on share transactions raised 3.3 billion pounds.
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Source: Bloomberg
Solactive launches USD Investment Grade Corporate Index
May 12, 2017--New benchmark targeting investment grade corporate bonds issued in USD.
Solactive is happy to announce the release of the Solactive USD Investment Grade Corporate Index mirroring the performance of USD-denominated investment grade corporate bonds.
This new addition extends the range of benchmarks offered by the German index engineer, providing investors with a price-competitive alternative to what is currently available in the market.
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Source: solactive.com
EBA publishes final Guidelines on credit institutions credit risk management practices and accounting for expected credit losses
May 12, 2017--The European Banking Authority (EBA) published today its final Guidelines on credit institutions' credit risk management practices and accounting for expected credit losses.
These Guidelines aim at ensuring sound credit risk management practices associated with the implementation and on-going application of the accounting for expected credit losses.
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Source: European Banking Authority (EBA)
Eight new BNP Paribas ETCs from metals and energy sectors launched on Xetra
May 12, 2017--Eight new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra since Thursday.
The new ETCs expand BNP Paribas' product range by giving investors access to the performance of futures contracts from the metals and energy sectors now also in the trading currency US dollars. The reference indices from the Rogers International Commodity Enhanced index family track the futures contracts with differing maturities in the following commodities: gasoline (petrol), precious and industrial metals, energy, natural gas, gas oil, heating oil and WTI oil.
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Source: Deutsche Börse Cash Market
Deutsche loses prized European ETF spot
May 12, 2017--Deutsche Asset Management's ETF business has dropped in the European rankings, with Lyxor claiming prized second place behind BlackRock.
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Source: fnlondon.com
European Commission-Spring 2017 Economic Forecast: steady growth ahead
May 11, 2017--The European economy has entered its fifth year of recovery, which is now reaching all EU Member States. This is expected to continue at a largely steady pace this year and next.
In its Spring Forecast released today, the European Commission expects euro area GDP growth of 1.7% in 2017 and 1.8% in 2018 (1.6% and 1.8% in the Winter Forecast). GDP growth in the EU as a whole is expected to remain constant at 1.9% in both years (1.8% in both years in the Winter Forecast).
view the European Commission Spring 2017 Economic Forecast: steady growth ahead
Source: European Commission
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