UBS Asset Management raises EUR 570 million for its first infrastructure debt fund as it continues to grow its EUR 5.8 billion infrastructure investment platform
September 20, 2016--EUR 220 million already deployed into four debt investments across Europe[1]
UBS Asset Management's ("UBS AM") Infrastructure and Private Equity business announces the successful final close of its inaugural infrastructure debt fund, Archmore Infrastructure Debt Platform ("Archmore IDP" or the "Fund"), which has raised EUR 570 million (USD 640 million).
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Source: UBS
Moody's says banks could cope with UK leaving EU single market
September 19, 2016--Banks in Britain would suffer only a "modest" direct hit if they lost "passporting" rights to the European Union's single market, Moody's Investors Service said on Monday.
Under EU passporting rules, banks based in Britain can serve customers across the bloc from a single base, saving on the cost of having to apply for licences in each country. Financial lobbyists say the loss of these rights would be a blow to London as a global financial centre.
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Banks in Britain would suffer only a "modest" direct hit if they lost "passporting" rights to the European Union's single market, Moody's Investors Service said on Monday.
Under EU passporting rules, banks based in Britain can serve customers across the bloc from a single base, saving on the cost of having to apply for licences in each country. Financial lobbyists say the loss of these rights would be a blow to London as a global financial centre.
Source: Reuters
Lipper-Monday Morning Memo: European Fund-Flow Trends, August 2016
September 18, 2016--August showed a positive picture for the European fund industry, since only funds from the "other" category (-€0.6 bn) faced net outflows during the month.
On the other side of the table bond funds (+€22.9 bn) were the best selling asset type of long-term funds for August, followed by mixed
-asset funds (+€2.3 bn), alternative UCITS products (+€1.9 bn), equity funds (+€1.9 bn), real estate funds (+€0.2 bn), and commodity products (+€0.1 bn). These fund
flows added to overall net inflows of €28.5 bn into long-term investment funds for August.
Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
Five new BNP Paribas ETCs from energy commodities sector launched on Xetra
September 16, 2016--Five new exchange traded commodities (ETCs) issued by BNP Paribas Arbitrage Issuance B.V. have been tradable on Xetra and Börse Frankfurt since Friday.
Each of the five new BNP Paribas ETCs enable investors to participate in the performance of one of the following energy types: petrol, diesel, heating oil, natural gas and WTI crude oil. The corresponding reference index from the Rogers International Commodity Enhanced Indices commodity index family tracks the respective futures contracts with varying maturities. The limited term of the futures contracts requires a switch prior to expiry in exchange for a futures contract with the next expiry date (rollover).
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Source: Deutsche Börse Group
LSE August 2016 ETF & ETP Monthly Report
September 16, 2016--Listings
3 new ETFs/ETPs listed on London Stock Exchange in August. 91 new ETFs and 9 new other ETPs have so far listed in 2016.
There are now 897 ETFs (available as 1,350 lines through multi-currency offerings) and 402 other ETPs (available as 461 lines) on our London market.
ETF Securities listed the LOIM Global Government GO UCITS (GBP H) ETF. The product tracks the LOIM Fundamental Global Government Index, which is comprised of bonds issued by member governments of the OECD that are denominated in each country's local currency, have at least 1 year remaining to maturity and pay a fixed rate coupon. The weight of each country's bond depends on its creditworthiness and is adjusted to prioritise country's with high liquidity and yields.
Lyxor continued the fixed income theme, listing the Lyxor FTSE Actuaries UK Gilts 0-5Y ETF, which provides exposure to UK government bonds with remaining maturities up to 5 years, as well as the Lyxor US TIPS (DR) UCITS ETF D-USD replicates the performance of the Barclays US Government Inflation-Linked Bond Index, which tracks the performance of the US Treasury Inflation Protected Securities Market (TIPS).
view the London Stock Exchange ETF & ETP September Update
Source: London Stock Exchange
Lyxor-How can investors enhance return from their portfolio
September 15, 2016--This new environment obviously calls for new forms of asset allocation in order to generate performance. In addition, significant recent developments in financial theory allow for better, more specific answers to investors' expectations.
As a matter of fact, with smart beta, investors have a bigger, fuller, and more diversified tool box from which they can choose when making investment decisions.
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Source: Lyxor
THEAM aims to triple assets under management in ETFs by 2020
September 15, 2016--THEAM, BNP Paribas Investment Partners' specialist in capital-protected, indexed and model-driven management, has unveiled a new strategic plan for its indexed fund activities, confirming its intention to double assets under management in indexed funds and triple those of exchange-traded funds (ETFs) by 2020.
Denis Panel, CEO of THEAM, comments:
"Our expertise in indexed management will be a strategic focus for THEAM's growth in the coming years.
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Source: BNP Paribas Investment Partners
BNP Paribas Easy launches 16 new ETFs on Xetra
September 15, 2016--Sixteen new exchange-listed equity index funds issued by BNP Paribas Easy have been tradable via Xetra and Börse Frankfurt since Wednesday.
Five of these new BNP Paribas Easy ETFs enable investors to participate in the performance of listed companies domiciled in Europe or the US which are selected based on one of the following criteria: low volatility, quality, momentum or value. A further ten track regional indices from the MSCI index family.
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Source: Deutsche Börse Group
UK dark pools and reference prices
September 15, 2016--There is evidence that major UK dark pools sometimes experience delays in receiving prices, but overall, the costs associated with inferior reference prices are small, and do not outweigh the useful service dark pools provide, according to new analysis by FCA economists Matteo Aquilina and Peter O'Neill and academics Sean Foley and Thomas Ruf.
Dark pools have attracted significant attention over the last few years-going so far as to make an unlikely leap from the business press to popular bookshelves.
One technical concern has been a gradual increase in reports among industry participants about the reliability of reference prices in dark pools. The concern being that investors could be persistently trading at stale, out-of-date prices.
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Source: fca.org.uk
Packaged retail investment products: Parliament returns draft law to Commission
September 14, 2016--Draft legislation designed to protect retail investors was rejected by MEPs on Wednesday as so "flawed and misleading" that it could actually lose them money. Unusually, it will be returned to the EU Commission for revision.
MEPs passed a resolution calling for changes to legislation on "packaged retail and insurance-based investment products" (PRIIPs)--a market worth up to €10 trillion in Europe-by 602 votes to 4, with 12 abstentions.
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Source: European Parliament
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