Four new iShares sector ETFs launched on Xetra
March 23, 2017--ETFs provide access to US companies from the consumer staples, industrials, materials and utilities sectors
Four new equity index ETFs issued by iShares have been tradable on Xetra and Börse Frankfurt since Thursday.
Name: iShares S&P 500 Consumer Staples Sector UCITS ETF USD (Acc)
Asset class: equity index ETF
ISIN: IE00B40B8R38
Total expense ratio: 0.1 percent
Distribution policy: accumulating
Benchmark: S&P 500 Consumer Staples Capped 35/20 Index
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Source: Deutsche Börse Group
EU to formally veto Deutsche Boerse LSE merger shortly: sources
March 22, 2017--The European Commission will shortly veto a proposed merger between Deutsche Boerse (DB1Gn.DE) and the London Stock Exchange (LSE.L), four sources close to the matter said on Wednesday, scuppering plans to create Europe's biggest exchange.
The European Commission, the London Stock Exchange and Deutsche Boerse declined to comment.
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Source: Reuters
ESMA sees relatively ample liquidity in sovereign bond markets
March 21, 2017--The European Securities and Markets Authority (ESMA) latest research piece on market liquidity published in its recent report on trends, risks and vulnerabilities (TRV) finds improved liquidity in European sovereign bonds markets.
Episodes of short-term volatility and liquidity stress across several markets over the past few years have increased concerns about the worsening of secondary market liquidity, in particular in the fixed income segment. ESMA's report confirms the negative effects of both the financial and...
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Source: ESMA
ESMA sees high market and valuation risk amid substantial political and policy uncertainty
March 20, 2017--The European Securities and Markets Authority (ESMA)'s latest report on Trends, Risks and Vulnerabilities No. 1, 2017 (TRV) identifies political and policy uncertainty-such as potential repercussions from the upcoming elections in some EU Member States-as the main risk drivers for 2017.
Risks in the markets under ESMA remit remained at high levels, reflecting very high risk in securities markets, and elevated risk for investors, infrastructures and services.
view the ESMA Report on Trends, Risks and Vulnerabilities
No. 1, 2017
Source: ESMA
Theresa May to trigger article 50 on 29 March
March 20, 2017--EU sources say May missed chance of swift start to negotiations and EU27 will keep her waiting before formal response
The UK's permanent representative to the European Union, Sir Tim Barrow, notified the EU on Monday morning that a letter should be expected on that date. The move will put the UK on course to leave the EU on the same date in 2019.
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Source: theguardian.com
db x-trackers II EUR High Yield Corporate Bond UCITS ETF (DR) launched on Xetra
March 20, 2017--ETF provides access to liquid euro-denominated corporate bonds
A new db x-trackers bond index ETF from Deutsche Asset Management's product offering has been tradable via Xetra and Börse Frankfurt since Monday.
Name: db x-trackers II EUR High Yield Corporate Bond UCITS ETF (DR)
Asset class: bond index ETF
ISIN: LU1109943388
Total expense ratio: 0.35 percent
Distribution policy: accumulating
Reference index: Markit iBoxx EUR Liquid High Yield Index
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Source: Deutsche Börse Group
Investors ignore broader dangers of a Le Pen victory
March 20, 2017--If France leaves the euro, it could cause another 'Lehman moment'.
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Source: FT.com
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.