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New equity ETFs from HSBC on Xetra: access to value strategy and small caps
October 25, 2022--Two new Exchange Traded Funds issued by HSBC Asset Management have been tradable on Xetra and via the trading venue Börse Frankfurt since Tuesday.
With the HSBC MSCI World Value ESG UCITS ETF, investors can invest in companies from industrialised countries. The ETF uses a value approach for selection. Only companies that are classified as undervalued based on fundamental data are selected.
These fundamental metrics include price-to-book, price-to-earnings, and price-to-cash-flow ratios. In addition, an improved ESG score of 20 per cent compared to the main index should be achieved.
The HSBC MSCI World Small Cap ESG UCITS ETF offers exposure to developed market small cap companies. The selection is based on the best-in-class approach, which means companies with the best ESG profile from the respective sector are selected. The most strongly represented countries are the USA, Japan, and Great Britain.
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Source: Xetra
EBA publishes Report on the integration of ESG risks in the supervision of investment firms
October 24, 2022--The Report provides an initial assessment of environmental, social and governance (ESG) factors and risks for the purposes of the prudential supervision of investment firms under the Investment Firms Directive (IFD).
The objective of the Report is to set the foundations for further considerations of the ESG aspects in the supervisory review and evaluation process (SREP) of investment firms.
This Report builds on and complements the EBA Report on management and supervision of ESG risks for credit institutions and investment firms published in June 2021.
The European Banking Authority (EBA) today published a Report on how to incorporate ESG risks in the supervision of investment firms. The Report also provides an initial assessment of how ESG factors and ESG risks could be included in the supervisory assessment of investment firms.
This Report, addressed to competent authorities, sets out the foundations for integrating ESG risks-related considerations in the supervisory process of investment firms and covers the main SREP elements including: (i) business model analysis, (ii) assessment of internal governance and risk management, and (iii) assessment of risks (risk to capital and liquidity risk).
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Source: EBA.europa.eu
3 charts that show the state of Europe's energy crisis right now
October 20, 2022--Russia's invasion of Ukraine and the subsequent curtailment of gas flows to Europe has pushed international prices to new highs.
The EU has managed to fill its gas storage to 90% ahead of winter, according to the International Energy Agency's quarterly report.
Behaviour change and cutbacks may be needed if Russia reduces gas exports further, the agency says.
Russia's invasion of Ukraine and the subsequent curtailment of gas flows to Europe has pushed international prices to new highs, with market turbulence expected to continue in 2023, according to the International Energy Agency's (IEA) latest quarterly Gas Market Report. In the US, prices reached their highest summer levels since 2008, the report adds.
The crisis has led to a decline in natural gas consumption across a majority of regions. In OECD Europe, gas demand declined by close to 10% year-on-year in the period from January to August, falling by an estimated 15% in industry due to production cutbacks, according to the report.
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Source: weforum.org
Amundi steps up efforts to compete with BlackRock’s ETF empire
October 20, 2022--Ireland funds launch marks departure from French manager's previous Luxembourg focus
Amundi has launched a 10-strong range of exchange traded funds in Ireland in a sign of the company's ambitions to grow its business and compete with market leader iShares.
The French asset manager has previously focused on building its Luxembourg product range, including moving over €30bn of its ETF assets from France to the Grand Duchy in 2018.
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Source: ft.com
Synthetic ESG funds found to hold polluting collateral
October 19, 2022--Index trackers and ETFs run by firms including BNP Paribas and Amundi are among those with 'unexpected' holdings
Synthetic "sustainable" index-tracking and exchange traded funds run by firms including BNP Paribas and Amundi hold polluting companies as collateral, Ignites Europe has found, risking undermining investor trust.
A synthetic index fund replicates the performance of an index by using derivatives rather than investing directly in the index’s constituents. The fund holds shares that serve as collateral for the swap counterparty.
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Source: ft.com
Official Statistics: Forecasts for the UK economy: October 2022
October 19, 2022--A comparison of independent forecasts for the UK economy in October 2022.
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Source: gov.uk/g
New bond ETFs: long-term US government bonds
October 18, 2022--Invesco offers exposure to liquid U.S. government bonds with a minimum ten-year maturity, optionally currency hedged.
Two new exchange-traded funds issued by Invesco have been tradable on Xetra and via Böörse Frankfurt since Tuesday.
With the two bond ETFs, investors can participate in the performance of US dollar-denominated fixed-income US government bonds.
The underlying reference index of both ETFs exclusively comprises investment grade bonds with a residual term of at least ten years and an outstanding nominal value of at least 300 million US dollars.
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Source: boerse-frankfurt.de
European fund flows demonstrate strong shift to ETFs
October 18, 2022--Net inflows of €52bn compared with outflows of €141bn for open-ended funds mark shift to passive investment
European exchange traded funds have had net inflows this year even as open-ended mutual funds have suffered net outflows, a trend experts say is part of a long-term shift towards passive investment.
Open-ended mutual funds suffered outflows every month from February to August, while ETFs have recorded inflows every month except June and July, according to Morningstar Direct data.
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Source: ft.com
Up to 15 years of gains wiped from some gilt ETFs
October 14, 2022--Recent losses have been fuelled by the UK government's plans for a series of unfunded tax cuts
Investors have seen up to 15 years' worth of gains wiped out in some exchange traded funds amid the chaos enveloping the UK gilt market.
iShares' £1.1bn Core UK Gilts Ucits ETF (IGLT) is now trading at levels last seen in 2007, having fallen 33 per cent since late last year.
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Source: ft.com
New Equity ETFs from Amundi on Xetra: focus on sectors from S&P Developed Index Family and access to the global bond market
October 11, 2022--All sector ETFs are tradable in euros and US dollars
Since Tuesday, 21 new exchange traded funds issued by Amundi Asset Management have been tradable on Xetra and via Börse Frankfurt.
Amundi's 20 equity ETFs offer investors access to companies active in the following sectors of the S&P Developed Ex-Korea LargeMidCap Sustainability EnhancedIndex Family: consumer staples, financials, healthcare, basic materials, industrials, information technology, low carbon energy, communications, utilities, and consumer cyclicals.
The benchmark Index comprises large and mid-cap companies domiciled in developed countries excluding Korea that are allocated to the relevant industry. Sustainability criteria and environmental objectives are considered in the selection process.
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Source: Xetra
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