Solactive launches Global Ethical Low Volatility AR EUR Iindex-licensed to Commerzbank
September 6, 2016--Solactive announces the release of the Solactive Global Ethical Low Volatility AR EUR Index, which tracks the performance of companies that display strong environmental, social and governance (ESG) standards and low volatility characteristics.
Investors can use the Solactive Global Ethical Low Volatility AR EUR Index to construct investment products around ESG qualitative screens and lowvolatility criteria.
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Source: Solactive
HMT statistical release: UK official holdings of international reserves
September 5, 2016--Updated: UK official holdings of international reserves: August 2016
Monthly statistical information on UK official holdings of international reserves
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Source: HM Treasury
National Statistics: UK official holdings of international reserves: August 2016
September 5, 2016--This monthly release shows details of movements in the UK's official holdings of international reserves, or assets. These consist of gold, foreign currency assets and International Monetary Fund assets.
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Source: HM Treasury
Monday Morning Memo: Securities lending remains a hot topic in the European ETF industry
September 5, 2016--After iShares-the exchange-traded fund (ETF) arm of the world's largest asset manager, BlackRock-announced last year that it has scrapped its self commitment on the percentage of securities held by the firm that can be lent to third parties, Vanguard announced recently that it also will increase its involvement in securities lending.
This step is rather surprising, since securities lending by ETFs is one of the main points raised by critics, and this step by Vanguard may once again fuel the discussion about possible systematic risks associated with ETFs.
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Source: Thomson Reuters
Euro-Area Growth Slows to Weakest in 19 Months Ahead of ECB
September 5, 2016--PMI survey shows weaker German expansion dragging on region
ECB's Governing Council meets on Sept. 7-8 in Frankfurt
The euro-area economy lost momentum in August, with a gauge of private-sector growth falling to the lowest level since early 2015.
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Source: Bloomberg
S+T AG and Leifheit AG to be included in selection indices of Deutsche Borse
September 5, 2016--S+T AG and Leifheit AG to be included in selection indices of Deutsche Börse
Deutsche Börse reviews index composition/Changes to be effective as of 19 September 2016
On Monday, Deutsche Börse announced changes to its selection indices, which will become effective on 19 September 2016. The shares of S+T AG will be included in the TecDAX index and will replace the shares of SÜSS MicroTec AG, which will leave the index.
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Source: Deutsche Börse
Invesco PowerShares launches 'fallen angels' ETF
September 5, 2016--Invesco PowerShares is today listing a "fallen angels" ETF on the London Stock Exchange focused on US high-yield bonds with further listings across Europe to launch next week.
Fallen angels are bonds that have been downgraded from investment grade to high yield.
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Source: fundstrategy.co.uk
BMO GAM appoints State Street's Cantrell to lead UK ETF sales
September 5, 2016-BMO Global Asset Management has hired Christine Cantrell from State Street as sales director for UK ETF sales.
Reporting to Rob Thorpe (pictured), head of UK wholesale and retail sales, she will work with wealth managers and asset managers to promote the firm's ETF range.
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Source: investmentweek.co.uk
ECB's QE bond buying hits euro1 trillion milestone
September 5, 2016--The European Central Bank's quantitative easing program passed a milestone last week, topping 1 trillion euros in purchases after 18 months of aggressive bond buying.
ECB figures for the week ended Sept. 2 show the central bank has now bought €1,001 billion in sovereign debt. The bank is using a so-called "capital key" to determine how many bonds from each countries it should buy, with the amount proportional to a member state's gross domestic product.
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Source: marketwatch.com
Turnover in excess of EUR 6.5 billion generated by Boerse Stuttgart in August
September 2, 2016--Trading volume up on previous month//Significant increase in turnover in investment products //Debt instruments (bonds) and equities also record growth
According to its order book statistics, Boerse Stuttgart generated turnover of more than EUR 6.5 billion in August 2016. Trading volumes were up more than 4 percent in comparison with July.
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Source: Boerse Stuttgart