French support for the EU project is crumbling on the Left and Right
August 25, 2016--The drama of Brexit may soon be matched or eclipsed by crystallizing events in France, where the Long Slump is at last taking its political toll.
A democracy can endure deflation policies for only so long. The attrition has wasted the French centre-right and the centre-left by turns, and now threatens the Fifth Republic itself.
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Source: The Telegraph
Lyxor ETF Research: ADDITIONAL UNCERTAINTIES LOOMING AHEAD
August 25, 2016--Last week, market tensions eased markedly. The FTSE 100 rallied above pre24th June levels despite a fall in GBP (FTSE 100 is up 5% in June).
US and EM equities are flat to slightly up. EMU equities are the biggest loser (5% in June). Brexit continues to send shockwaves through UK's political landscape, with Boris Johnson pulling out from his bid to be prime minister and the launch of a rival bid by his former ally Michael Gove. Theresa May, UK home secretary, also launched her campaign and bookmakers cited her as the favorite to succeed David Cameron. Results are due on September 9th, leaving the market with high uncertainties until then.
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Source: Lyxor
ITG investment yields new trading desks in Europe
August 24, 2016--New accounts show the US agency broker ITG has been busy investing in its European operations since its most profitable year in 2014.
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Source: Financial News
BNP Paribas Investment Partners appoints Claus Hecher as Head of Business Development
August 24, 2016-BNP Paribas Investment Partners announces the appointment of Claus Hecher as Head of Business Development for Germany, Austria and the German-speaking regions of Switzerland, as it continues to strengthen its indexed fund and ETF business in Europe.
Claus takes up his new role on 1 September and will report to Isabelle Bourcier, who joined BNP Paribas Investment Partners in June as Head of ETF and Indexed Fund Activities.
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Source: financialit.net/
Eurozone Expansion Hits 7-Month High in August
August 23, 2016--The euro area economy continues to grow in August, rate of expansion hitting a seven month high, a preliminary survey released Tuesday showed.
The flash Markit Eurozone Composite PMI survey edged higher to 53.3 in August, up from July's 53.2.
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Source: MNI
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
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