ComStage Vermogensstrategie UCITS ETF launched on Xetra
April 27, 2016--ETF offers access to a broadly diversified portfolio of different asset classes for long-term asset generation
A new ComStage Active ETF, from Commerzbank AG's ETF brand, has been tradable on Xetra and Börse Frankfurt since Wednesday.
The ComStage Vermögensstrategie UCITS ETF enables investors to participate in a broadly diversified ETF portfolio comprising a number of different asset classes.
Deutsche Boerse Takes Aim at Local Opposition to London Merger
April 27, 2016--German CEO sees LSE deal linking Frankfurt to tech, funding
London headquarters among reasons for negative views locally
Deutsche Büerse AG's plan to take over London Stock Exchange Group Plc has been facing objections at home, forcing the company to strike a difficult balance between shareholders and locals as it seeks to create a European industry powerhouse.
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Source: Bloomberg
International Financial Reporting Standards: European Parliament calls for more democracy, financial market stability and common interest orientation
April 27, 2016--The Economic and Monetary Affairs Committee of the European Parliament (ECON) has voted this Tuesday on the initiative report on the International Accounting Standards (IAS) evaluation and the activities of the International Financial Reporting Standards (IFRS) Foundation, European Financial Reporting Advisory Group (EFRAG) and Public Interest Oversight Board (PIOB).
We as Greens have been criticising for a long time financing, composition and output of these standard setters. With yesterday's landmark decision, the European Parliament has supported a lot of our criticisms.
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Source: www.sven-giegold.de
SIX Swiss Exchange-ETF Quarterly Statistics: 1st quarter 2016
This report provides detailed figures regarding the performance of SIX Swiss Exchange's ETF segment.
April 26, 2016--In the first quarter of 2016, SIX Swiss Exchange recorded an ETF trading turnover of CHF 25.3 billion, which equates to an increase of 5.6 billion relative to the previous quarter.
This was revealed today in the latest edition of ETF Quarterly Statistics. There were 256'378 ETF transactions carried out on SIX Swiss Exchange in the first quarter.
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Source: SIX Swiss Exchange
Source hires Nomura's Johnson to broaden European footprint
April 26, 2016--Reporting to recently appointed CEO Julian Ide, Johnson will be based in London in his new role.
At Nomura he was managing director and head of EMEA equity flow derivative sales since 2014, and was global head of distribution at ETF Securities prior to that.
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Source: investmentweek.co.uk
Bank of New York Mellon in talks over DBV-X deal
April 26, 2016--US bank plans to move into repo trading by taking over start-up trading venue from Tradition
Bank of New York Mellon is planning to move into repurchase trading in Europe with the purchase of start-up trading venue DBV-X, formerly of Tradition, the Swiss interdealer broker.
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Source: FT.com
IMF Working paper-
April 25, 2016--Summary: This paper provides a quantitative evaluation of the macroeconomic. distributional, and fiscal effects of three reform proposals for Germany: i) a reduction in the social security tax in the low-wage sector, ii) a publicly financed expansion of full-day child care and full-day schooling, and iii) the further deregulation of the professional services sector.
The analysis is based on a macroeconomic model with physical capital, human capital, job search, and household heterogeneity. All three reforms have positive short-run and long-run effects on employment, wages,and output. The quantitative effects of the deregulation reform are relatively small due to the smal size of professional services in Germany. Policy reforms i) and ii) have substantial macroeconomic effects and positive distributional consequences. Ten years after implementation, reforms i) and ii) taken together increase employment by 1.6 percent, potential output by 1.5 percent, real hourly pre-tax wages in the low-wage sector by 3 percent, and real hourly pre-tax wages of women with children by 2.7 percent. The two reforms create fiscal deficits in the short run, but they also generate substantial fiscal surpluses in the long-run. They are fiscally efficient in the sense that the present value of short-term fiscal deficits and long-term surpluses is positive for any interest (discount) rate less than 9 percent.
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Source: IMF
Monday Morning Memo: Review of the European ETF Market, March 2016
April 24, 2016--Detlef Glow, Thomson Reuters Lipper's head of EMEA research, reviews the fund flows in the European ETF market during March 2016.
view the Monday Morning Memo: Review of the European ETF Market, March 2016 report
Source: Reuters
Asset managers discount fees for big investors by a third
April 24, 2016--Regulation and competition among fund houses are making it harder to win and retain business
Asset managers are discounting the fees they charge big investors by up to a third in a bid to gather assets at a time when regulation and competition among fund houses are making it harder to win and retain business.
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