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
Xetra-Gold holdings rise by more than 50 per cent since the beginning of the year
August 15, 2016--90 ton mark exceeded
The gold held in custody by Deutsche Börse Commodities GmbH for the purpose of physically backing the Xetra-Gold bond has risen to a new record high of 90.67 tons, an increase of more than 50 per cent since the beginning of the year.
For each Xetra-Gold bond, exactly one gram of gold is deposited in the central vaults for German securities in Frankfurt.
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Source: Deutsche Börse Commodities GmbH
Monday Morning Memo: Review of the European ETF Market, July 2016
August 15, 2016--The promoters of exchange-traded funds (ETFs) enjoyed healthy net inflows for July in a prospering market environment. Increasing markets lifted the assets under management in the European ETF industry from €452.8 bn for June to a new all-time high of €473.6 bn at the end of July.
The increase of €20.8 bn for July was mainly driven by the performance of the underlying markets (+€12.8 bn), while net sales contributed €8.0 bn to the overall growth in assets under management in the ETF segment.
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Source: Thomson Reuters Lipper
Brexit May Be Delayed Until Late 2019, Sunday Times Says
August 14, 2016--New ministry for Brexit still hiring staff, Sunday Times Says
Tension rising beween Fox, Johnson over policy, Telegraph Says
Britain's exit from the European Union could be delayed until late 2019 as new departments set up for the transition may not be ready to start negotiations as early as predicted, the Sunday Times reported.
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Source: Bloomberg
Euribor's 'critical' tag opens way for more contested EU benchmark rulings
August 12, 2016--The Euro Interbank Offered Rate's designation as "critical" today is a quick and expected move to fill a gap in oversight of the key interest-rate benchmark.
But the formal step also opens the way for what may become a contentious process to tag other financial indexes for stricter rules this year.
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Source: mlexfs-core.com
Voice brokers make a City comeback
August 11, 2016--So much for the long-predicted demise of voice brokers at the hands of ever more sophisticated technology.
In recent months, interdealer brokers BGC Partners and Tullett Prebon have been scooping up hundreds of brokers...
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Source: FT.com
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