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German growth expected to halve in 2017 as Brexit bites
September 8, 2016--German economic growth will nearly halve in 2017 as Brexit and other risks hit exporters, the DIW institute said on Thursday, although it predicted a pick up to 1.9 percent this year due to strong domestic demand.
The subdued outlook followed a string of economic data which painted a bleak picture for German manufacturing, with industrial orders barely rising in July and output posting its steepest drop in nearly two years.
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Source: Reuters
New db x-trackers bond index ETF on Asian corporate bonds ex Japan tradable on Xetra
September 8, 2016--Investment-grade bonds denominated in US dollar
A new db x-trackers ETF from the Deutsche Asset Management ETF product family has been tradable in Deutsche Börse's XTF segment via Xetra and Börse Frankfurt since Thursday.
Name: db x-trackers II iBoxx USD Liquid Asia Ex-Japan Corporate Bond UCITS ETF (DR)
Asset class: bond index ETF
ISIN: LU1409136006
Total expense ratio: 0.30 percent
Distribution policy: distributing
Reference index: Markit iBoxx USD Liquid Asia ex-Japan Corporates Large Cap Investment Grade Index
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Source: Deutsche Börse Cash Market
QE extension risks reopening ECB rifts
September 7, 2016--Germany sceptical of moves to prolong asset purchase scheme.
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Source: FT.com
Corporate Europe Embraces Bonds as Yields Plunge to Record Low
September 7, 2016-Another 2.1 billion euros of sales added to week's tally
Negative yields have spread to non-financial euro bonds
There's no stopping the flood of corporate bond sales in Europe, with companies locking in record-low borrowing costs on another 2.1 billion euros ($2.4 billion) of debt.
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Source: Bloomberg
WisdomTree promotes from US office for European distribution head
September 7, 2016--ETF sponsor WisdomTree has promoted Morgan Lee from its US office to become head of distribution for its European operations.
Lee will be supported by sales teams covering the UK, as well as France, Germany, Italy, the Netherlands, the Nordics and Switzerland.
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Source: fundstrategy.co.uk
Unscheduled adjustment in DAX
September 7, 2016--Adjustments due to spin-off of Uniper SE from E.ON SE/DAX calculation on 12 September with 31 companies On Wednesday, Deutsche Börse announced an unscheduled change to the DAX index.
Following, the spin-off of Uniper SE from E.ON SE, an adjustment of the DAX index is required. On 12 September, Uniper SE will therefore be included in the DAX index for one day. This adjustment ensures the trackability of the index for investors. The DAX index will accordingly be calculated on a basis of 31 companies for one day.
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Source: Deutsche Börse
Lyxor-ETF Barometer-August 2016
September 7, 2016--European ETF Market flows slowed in August 2016. NET NEW ASSETS (NNA) during this month amounted to EUR4.7bn,
still 21% above the one-year monthly average level.
Total Assets under Management are up 7% vs. the end of 2015, reaching EUR481bn, including a slight rise in
the market (+3.9%*). Emerging Market and investment grade corporate bond
ETFs gathered most in this environment of heightened uncertainty.
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Source: Lyxor
Eurex's former innovation head joins board of blockchain startup
September 7, 2016--A former chief innovation officer at Deutsche Börse-owned derivatives exchange Eurex has joined the advisory board of a London-based startup that is developing blockchain solutions for the settlement and safekeeping of securities.
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Source: Financial News
New Brent Crude Oil ETC from BNP Paribas launched on Xetra
September 6, 2016--ETC provides access to the Rogers International Commodity Enhanced Indices (RICI) commodity index family
A new exchange traded commodity (ETC) issued by BNP Paribas Arbitrage Issuance B.V. has been tradable on Xetra and Börse Frankfurt since Tuesday.
ETC name: BNP Paribas RICI Enhanced Brent TR Index ETC
Asset class: Commodity index ETC
ISIN: DE000PB6R1B1
Total expense ratio: 1 percent
Benchmark: Rogers International Commodity Enhanced Brent Crude Oil Index
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Source:Deutsche Börse Cash Market:
Companies Get Paid to Borrow as Global Bond Binge Resumes
September 6, 2016--Sanofi, Henkel issue debt with yields less than zero
U.S. bond sales push year-to-date issuance past $975 billion
Corporate bond issuance went from a summer lull to a new milestone on Tuesday.