ECB-Monetary developments in the euro area: August 2016
September 27, 2016--The annual growth rate of the broad monetary aggregate M3 increased to 5.1% in August 2016, from
4.9% in July (revised from 4.8%).
The annual growth rate of the narrower aggregate M1, which includes currency in circulation and overnight deposits, increased to 8.9% in August, from 8.4% in July.
The annual growth rate of adjusted loans to households stood at 1.8% in August, unchanged from the previous month.
The annual growth rate of adjusted loans to non-financial corporations stood at 1.9% in August, unchanged from the previous month.
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Source: ECB
First ETF lists on Bulgarian Stock Exchange
September 27, 2016--The first Bulgarian Exchange Traded Fund was listed on BSE. Expat Bulgaria SOFIX UCIT ETF was created by the local fund manager Expat Asset Management.
The ETF was admitted to trading on the Exchange Traded Products Segment of the Main Market under the symbol BGX and it will invest in companies underlying the leading SOFIX Index of BSE-Sofia as well as in deposits and government securities.
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Source: Bulgarian Stock Exchange
Lyxor-Weekly Recap: More of the Same
September 26, 2016--There was no surprise after the Fed and BOJ meetings of last week. In the US, the Fed was positive on the strength of the economy and is willing to normalize before year end. The most probable scenario is that of a December hike.
In Japan, the only news coming from the BoJ is that it will starts a yield curve control, targeting its action to a 0% yield on the 10 year bonds.
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Source: Lyxor
Lipper-Monday Morning Memo: Review of the European ETF Market, August 2016
September 25, 2016--The assets under management in the European ETF industry increased from €473.5 bn for July to a new all-time high of €480.5 bn at the end of August.
The increase of €7.0 bn for August was mainly driven by new sales (+€4.7 bn), while the performance of the underlying markets contributed €2.3 bn to the overall growth in assets under management in the ETF segment.
Bond ETFs (+€2.9 bn) posted the highest net inflows for August.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
ZyFin lists Indian equity ETF on the LSE, Deutsche
September 22, 2016--Asset manager ZyFin Holdings Pte Ltd has announced the listing of Europe's first physically replicated Indian equity ETF.
The LAM ZyFin MSCI India UCITS ETF is available on the London Stock Exchange and the Deutsche Börse, the company said in a press statement.
The ETF was launched with First Trust Global Portfolios, ZyFin's London-based ETF distribution partner.
The ETF offers investors exposure to Indian equities by tracking the performance of the MSCI India 10/40 Index Net TR (the Index), denominated in US dollars.
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Source: thehindubusinessline.com
The City's Brexit strategy faces hurdles
September 22, 2016--The UK's Brexit strategy for the City of London is quietly taking shape.
Alongside reassurance that any immigration controls would still "facilitate movement of highly skilled people between financial institutions and businesses", the chancellor of the exchequer stresses the mutual benefits of the status quo.
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Source: clickfinancialnews.com
State Street and Bloomberg tie up to add zip to bond ETFs
September 22, 2016--A product that helps link buyside and sellside to help navigate low-liquidity bond markets is being launched in Europe after signing up big fund managers in the US.
State Street Global Advisors is to be the launch customer in Europe of a Bloomberg system that allows managers running fixed income exchange-traded funds to better communicate with brokers when rebalancing their portfolios.
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Source: efinancialnews.com
Unscheduled adjustment in SDAX
September 21, 2016--Adjustments to the free float of CHORUS Clean Energy AG/ Changes to be effective as of 26 September 2016
On Wednesday, Deutsche Börse announced an unscheduled adjustment to the free float of CHORUS Clean Energy AG in SDAX.
Due to the acquisition of CHORUS Clean Energy AG by Capital Stage AG, the free float of CHORUS Clean Energy changed by more than 10 percentage points.
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Source: Deutsche Börse
Amundi ETF expands further into retail market by extending its physical ETF range to develop ETF-based solutions for distributors
September 21, 2016--Amundi ETF, Europe's fifth largest ETF provider1, expands further into the European retail market by extending its physical ETF range to develop ETF-based solutions.
Amundi ETF reported €1.2 billion of inflows since the beginning of the year, bringing total assets under management to more than €21 billion2.
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Source: Amundi
Official Statistics: Forecasts for the UK economy: September 2016
September 21, 2016--Forecasts for the UK economy is a monthly comparison of independent forecasts.
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Source: HM Treasury
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