European Commission-Fact Sheet European Semester 2016:-winter package explained
March 8, 2016--What is the Commission presenting today?
Today, as part of its Winter Package for the 2016 European Semester, the Commission adopted a Communication summarising the main findings and results of the 26 country reports and 18 in-depth reviews published on 26 February.
The Communication includes new steps under the macroeconomic imbalances procedure (MIP) and a simplified categorisation of imbalances in the MIP.
This lays the basis for the adoption of country-specific recommendations in spring. The early publication of the country-specific analyses and results will enable thorough discussions at EU and Member State level.
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Source: European Commission
HFTs sign up to LSE's ETF market
March 7, 2016--Four high-profile proprietary trading firms have signed up to trade on an exchange-traded funds market launched by the London Stock Exchange two years ago that offers a simplified settlement process to help boost trading in such products.
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Source: Financial News
db x-trackers ETF on US dollar-denominated corporate bonds with currency hedge launched on Xetra
Bonds issued by companies in industrial, utilities and financial services sectors
March 7, 2016--A new db x-trackers bond index ETF from Deutsche Asset Management's product offering has been tradable via Xetra and Börse Frankfurt since Monday, 7 March.
Name: db x-trackers Barclays USD Corporate Bond UCITS ETF (DR)(EUR)
Asset class: bond index ETF
ISIN: IE00BZ036J45
Total expense ratio: 0.25%
Distribution policy: distributing
Reference index: Barclays USD Liquid Investment Grade Corporate EUR Hedged Index.
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Source: Deutsche Börse Cash Market
Moscow Exchange launches ETF on the RTS Index
March 4, 2016--On 4 March, Moscow Exchange celebrated the launch of trading in the FinEx Russian RTS Equity UCITS ETF (FXRL), the first Russian exchange-traded fund on the RTS Index.
The fund's shares were admitted to trading on the Exchange's Level 3 List on 1 March, and began trading on 2 March. The fund's shares are denominated in USD, while trading on the Moscow Exchange will be in RUB.
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Source:Moscow Exchange
Lyxor ETF Barometer- February 2016
March 4, 2016--European ETF Market flows reached a one-year record low in February 2016. Outflows during this month amounted to EUR271M. Total Assets under Management are down 5% vs. the end of 2015, reaching EUR428.5bn, and including a negative market impact (-4.2%*).
Equity ETFs were hit by the increasingly risky environment while fixed income govies ETFs benefited from their safe haven status...
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Source: Lyxor
Exchange consolidation puts clearing house risk in the spotlight
March 4, 2016--Potential merger of Deutsche Börse and LSE being closely watched by regulators.
Companies and dignitaries invited to open trading on the London Stock Exchange undertake a particular ritual. Amid an airy atrium, they stand on a first-floor platform and drop a Perspex block into a slot.
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Source: FT.com
Nomura lists first ETFs on SIX Swiss Exchange
March 3, 2016--The new ETF issuer Nomura NEXT FUNDS Ireland plc. launches four products and grants investors easier access to Asian markets.
Today, SIX Swiss Exchange is delighted to welcome Nomura as its first new ETF issuer in 2016. This entails a further growth in the number of ETF issuers to 21 which all find in Switzerland a leading financial center with an attractive growth potential.
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Source: SIX Swiss Exchange
ProSiebenSat.1 Media SE to be included in DAX
Deutsche Börse reviews index composition/Changes to be effective as of 21 March
March 3, 2016--On Thursday, Deutsche Börse decided on changes to its selection indices, which will become effective on 21 March 2016.
The shares of ProSiebenSat.1 Media SE will be included to the DAX index and will replace the shares of K+S AG, who will move to MDAX.
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Source: Deutsche Börse
Ide marches again at Source
March 3, 2016--Former chief executive of Old Mutual Global Investors to take over at the European ETF specialist in April.
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Source: Financial News
National Statistics: UK official holdings of international reserves: February 2016
March 3, 2016--This release details movements in the international reserves of gold and assets held by the UK government.
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Source: HM Treasury