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UK investment funds suffered 5.7bn pounds outflows after Brexit vote
August 23, 2016--Some of the money appears to have been redeployed to other types of UK funds specialising in assets regarded as less risky, such as corporate and government bonds.
Investors took £5.7bn out of UK-based stock market funds last month in the wake of Britain's vote to leave the European Union, according to latest market figures.
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Source: The Guardian
Source favours European equities
August 22, 2016--A note from the Research team at ETF provider Source reveals that the firm favours European equities over those of the US and holds a maximum overweight to the Eurozone in the Source model portfolio, the Multi-Asset Portfolio.
The firm writes that although the Research team at Source is neutral on equities in general and the prevailing market sentiment is negative towards Europe after recent volatility and poor performance so far in 2016, it believes the Eurozone economy is still accelerating and valuations look attractive while US equities have become too expensive.
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Source: wealthadviser.co
With one number, the Bundesbank reignited one of the fiercest debate surrounding the German economy
August 21, 2016--The German central bank's call for people to work until age 69 has reignited a fierce debate in Europe's fast-ageing top economy, with analysts backing it while politicians show their opposition ahead of key elections.
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Source: businessinsider.com
Borsa Italiana: ETFstat July 2016
August 19, 2016--New Listing
8 new instruments were listed on ETFplus market
At the end of July there were listed 1155 instruments (729 ETFs, 301 ETCs/ETNs and 125 open-end CIUs)
AUM
At the end of July, the Asset Under Management (AUM) deposited in Italy reaches €50.94bn (45.46bn for ETFs, 5.40bn for ETCs/ETNs and 0.080bn for open-end CIUs) with a grow of 13.97%compared to July 2015
Trading
411,802 trades registered during July
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view the ETF Moritor
Source: Borsa Italiana
Amundi-Cross Asset Investment Strategy-July-August 2016
August 19, 2016--Post-Brexit in a few
questions and answers
After 43 years of membership in the European Union, the United Kingdom has
voted in a referendum to withdraw.
The market impact has been great. Within one week (from the reporting of
the referendum's result to the morning of 30 June), the GBP lost almost 8%
to the EUR (and -12% on the year to date).
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Source: Amundi
Lyxor unveils Europe's cheapest US TIPS ETF
August 19, 2016--Lyxor, Europe's third largest provider of exchange-traded funds, has expanded its range of fixed income ETFs with the launch of the Lyxor US TIPS (DR) UCITS ETF (LSE: TIPU).
The fund, which has been listed on the London Stock Exchange, is referenced to the Barclays US Government Inflation-Linked Bond Index and provides exposure to US Treasury Inflation-Protected Securities, or TIPS.
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Source: etfstrategy.co.uk
Euro area investment fund statistics: second quarter of 2016
August 18, 2016--In the second quarter of 2016 the outstanding amount of shares/units issued by investment funds other
than money market funds was €9,424 billion, which is €244 billion higher than in the first quarter of 2016.
Investment funds other than money market funds increased their holdings of both equity and debt
securities issued by the rest of the world. At the same time the holdings of debt securities issued by euro
area residents increased and equity decreased.
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Source: ECB
Merger of Deutsche Borse Group and London Stock Exchange Group: Final acceptance ratio: 89.04 per cent of all Deutsche Borse shares tendered
August 17, 2016--Following analysis of all shares tendered for exchange, Deutsche Börse AG has determined a final acceptance ratio for the Exchange Offer of HLDCO123 PLC ("HoldCo") of 89.04 per cent.
On 1 June 2016, HoldCo published its voluntary public takeover offer in the form of an exchange offer to the shareholders of Deutsche Börse for acquiring all registered no-par-value shares in Deutsche Börse AG. The additional acceptance period ended on 12 August 2016, 24:00 CEST.
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Source: Deutsche Börse
Lyxor-Q2 2016-European ETF Market Efficiency
August 17, 2016--The average European equity ETF market efficiency has reached -0.21% in Q1 2016. This means that there is a 95% probability that the European ETF market underperforms the benchmark by no more than 21bps.
This figure shows a slight improvement compared to the end of 2015, indicating the continuation of the market trend toward increasing ETF efficiency, initiated when this indicator was first introduced 3.5 years ago. The market efficiency has more than doubled since the end of 2012, illustrating the strong focus of ETF providers on delivering on delivering better performance for investors.
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Source: Lyxor ETF Research
Official Statistics: Forecasts for the UK economy: August 2016
August 17, 2016--A comparison of independent forecasts for the UK economy in August 2016.
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Source: HM Treasury