Forecasts for the UK economy: April 2016
April 21, 2016--Forecasts for the UK economy is a monthly comparison of independent forecasts.
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Source: HM Treasury
UK gives the thumbs-up to robo-advice
April 21, 2016--Robo-advisers were given a thumbs-up by UK regulator the Financial Conduct Authority in March 2016, opening up a potentially large market for European ETF providers.
Barriers remain, though, before fund sponsors can be sure to see significant inflows.
Name: db x-trackers II IBOXX $ view more Deutsche Boerse improves efficiency of European ETF trading view more FCA-Inducements and conflicts of interest thematic review: key findings view more FCA-Occasional Paper No. 16: Are high-frequency traders anticipating the order flow? Cross-venue evidence from the UK market view the FCA-Occasional Paper No. 16: Are high-frequency traders anticipating the order flow? Cross-venue evidence from the UK market New multi-factor Lyxor ETF launched on Xetra view more New UniCredit ETF on convertible bonds launched on Xetra
view more Assets invested in ETFs/ETPs listed in Europe reach a new record high of 522 billion US dollars at the end of Q1 2016, according to ETFGI
TREASURIES 1-3 UCITS ETF (DR)
Asset class: bond index ETF
ISIN: LU0429458895
Total expense ratio: 0.15 percent
Distribution policy: distributing
Reference index: iBoxx(R) $ Treasuries 1-3 Total Return Index
Source: Deutsche Börse Cash Market
Xetra Quote Request allows for optimized execution of large-sized ETF orders/Leading ETF issuers and market makers support the new service
April 18, 2016--Deutsche Börse has launched a new service which allows for an optimized on-exchange execution of large-sized ETF orders, the Xetra Quote Request.
It enables users to take full advantage of Deutsche Börse's complete service chain-from trading, clearing and settlement to trade reporting and market data dissemination. The process is designed to achieve a high degree of automation, while at the same time reducing settlement and counterparty risks, and ensuring compliance with best execution requirements for large orders.
Source: Deutsche Börse Cash Market
April 18, 2016--In January 2014 we issued Finalised Guidance 14/1: Supervising retail investment advice: inducements and conflicts of interest. This explained our concerns and why certain practices are likely to create conflicts of interest and result in firms not acting in their customers' best interests.
We said we would consider further action if we found continuing issues.
Source: FCA.org.uk
April 15, 2016--High-frequency traders (HFTs) have received a mixed reaction from academics and practitioners with some people underlining their role as liquidity providers and others highlighting the problems that they could bring to the market.
A specific allegation that has been made is that by exploiting their speed advantage, HFTs can predict when orders are going to arrive at different trading venues and trade in advance of slower traders.
Source: FCA.org.uk
April 14, 2016--ETF tracks Asia, Europe and North America taking five risk factors into account
A new exchange-listed index fund issued by Lyxor International Asset Management has been tradable on Xetra and Bürse Frankfurt since Thursday.
Name: Lyxor J.P. Morgan Multi-Factor World Index UCITS ETF
Asset class: equity index ETF
ISIN: LU1348962132
Total expense ratio: 0.4%
Distribution policy: accumulating
Reference index: J.P. Morgan Equity Risk Premium-World Multi Factor Long Only (USD) Index
Source: Deutsche Bürse Cash Market
April 13, 2016--A second ETF on European convertible bonds issued by Structured Invest S.A., a wholly-owned subsidiary of UniCredit Bank AG, is tradable on Xetra as of Wednesday.
ETF name: UC Thomson Reuters Balanced European Convertible Bond UCITS ETF (dis)
Asset class: bond index ETF
ISIN: LU1372156916
Total expense ratio: 0.95 percent
Distribution policy: distributing
Benchmark: Thomson Reuters Monthly Europe Focus Convertible Index
Source: Deutsche Bürse Cash Market:
April 12, 2016--Assets invested in ETFs/ETPs listed in Europe reach a new record high of US$522 billion US at the end of Q1 2016, according to preliminary data from ETFGI's March 2016 global ETF and ETP industry insights report. ETFs/ETPs listed in Europe gathered net inflows of US$5.11 Bn in March marking the 18th consecutive month of net inflows.
The European ETF/ETP industry had 2,207 ETFs/ETPs, with 6,895 listings, assets of US$522 Bn, from 52 providers listed on 25 exchanges in 21 countries at the end of Q1.