UK regulator sets sights on institutional cost transparency
June 28, 2017--The Financial Conduct Authority (FCA) has today published the final findings of its asset management market study and announced the package of remedies it will take forward to address the concerns identified in its interim report into the sector.
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view the FCA Asset Management Market Study -Final Report
Source: fca.org.uk
Solactive And Candriam Team Up To Launch The Factors Sustainable Index Family-Providing The Underlying Indices For Five Etfs Issued By Candriam
June 28, 2017--Solactive and Candriam have joined forces to launch the Solactive Candriam Factors Sustainable Index Family offering exposure to companies with sustainable and responsible investing criteria as determined by Candriam's SRI screening methodology.
The family is composed of five fundamentally-weighted indices with factor tilts, including three equity and two fixed-income indices, which are used as the basis for five new ETFs issued by Candriam and trading on the Paris Euronext Stock Exchange (and cross-listed on Amsterdam Euronext).
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Source: solactive.com
Investment consultants face greater regulatory oversight
June 28, 2017--UK watchdog finds evidence of opaque fees and conflicts of interest in £1.6tn sector
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Source: FT.com
Bank of England-Financial Stability Report, June 2017
June 27, 2017--The Financial Policy Committee (FPC) prepares and publishes a Financial Stability Report (FSR) twice per calendar year.
The FSR sets out the FPC's assessment of the outlook for financial stability in the United Kingdom. To do this, the FPC identifies the risks faced by the UK financial system and weighs them against the resilience of the system.
view the Bank of England-Financial Stability Report, June 2017
Source: Bank of England
Solactive introduces Solactive Spain 40 Index
June 27, 2017--Underlying the db x-
trackers Spanish Equity UCITS ETF (DR)
Solactive is excited to announce the release of the Solactive Spain 40 Index, a new benchmark tracking the performance of the forty largest and most liquid
companies listed in Spain.
The index is used as the underlying index for the db x-trackers Spanish Equity UCITS ETF (DR), formerly db x-trackers IBEX 35(R) UCITS ETF (DR), switching today
from the IBEX 35(R) Index to the
Solactive Spain 40 Index.
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Source: solactive.com
MiFID II: ESMA issues final guidelines on trading halts
June 27, 2017--The European Securities and Markets Authority (ESMA) has issued today its final guidelines on trading halts under the Markets in Financial Instruments Directive (MiFID II).
MiFID II provides that Member States shall require a regulated market to be able to temporarily halt or constrain trading if there is a significant price movement in a financial instrument on that market or a related market during a short period and, in exceptional cases, to be able to cancel, vary or correct any transaction.
view the Guidelines on calibration of circuit breakers and publication of trading halts under MiFID II
Source: ESMA
The EU May Need to Introduce a Bloc-Wide Tax After Brexit
June 27, 2017--Commission sees gap in EU finances after U.K.'s withdrawal
Bloc's executive arm publishes reflection paper on EU budget
The European Union should consider introducing common taxes as it seeks to overhaul its budget and cover a more-than 10 billion-euro ($11.4 billion) annual financing hole created by Brexit, the bloc's executive arm said.
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Source: Bloomberg
ETFGI reports assets invested in ETFs and ETPs listed in Europe reach a new record of 682 billion US dollars at the end of May 2017
June 27, 2017--ETFGI, a 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$682 billion at the end May 2017 surpassing the prior record of US$658 billion set at the end of April 2017.
ETF/ETP assets have increased by 3.7% from US$658 billion in April 2017 to US$682 billion in May 2017 according to data from ETFGI. Year to date, ETF/ETP assets have increased by 19.1% from US$572 billion to US$682 billion.
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Source: ETFGI
ISE hosts largest IPO in Europe in 2017 as AIB lists on the MSM
June 27, 2017--Allied Irish Banks plc (AIB), Ireland's largest bank has today been admitted to the Main Securities Market (MSM).
It is the largest IPO in Europe this year.
AIB IPO raises €3bn for the State from Irish and international investors
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Source: ise.ie
UBS ETF-MSCI Europe UCITS ETF (hedged to EUR) launched on Xetra
June 27, 2017--A new equity index ETF issued by UBS Global Asset Management has been tradable via Xetra and Börse Frankfurt since Tuesday.
The UBS ETF-MSCI Europe UCITS ETF (hedged to EUR) A-acc enables investors to
participate in the performance of stock corporations from European
industrialised countries.
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Source: Deutsche Börse Cash Market
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