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The $1 Trillion Liability Stalking Some European Bond Investors
December 8, 2015--New directive on insolvent banks comes into force on Jan. 1
Senior bondholders will be on the hook for losses on loans
Another year, another thing for investors in Europe to worry about.
The Bank Recovery and Resolution Directive, part of the regulatory changes since the 2008 financial crisis, comes fully into force on Jan. 1. Insolvent banks will need to be "resolved" rather than liquidated like failed companies, and the cost is supposed to be borne by investors and not taxpayers. Among the new tools is the ability to write down the value of senior bonds or convert them into equity to help bring a failed lender back to life.
Van Eck lists Market Vectors Moat ETF on SIX Swiss Exchange
December 7, 2015--Van Eck Global, the asset manager behind the Market Vectors range of exchange-traded funds, has cross-listed the Market Vectors Morningstar US Wide Moat UCITS ETF (MOAT) on the SIX Swiss Exchange.
The fund tracks the Morningstar Wide Moat Focus Index, an equally-weighted reference for the top 20 most attractively priced US firms that are deemed to have sustainable long-term competitive advantages within their industries, according to Morningstar's proprietary methodology.
S&P 500 Low Volatility Target Beta Index Launched; Adds to S&P Dow Jones Indices Growing Family of Smart Beta Indices
The new index has been licensed to Natixis for product development
December 7, 2015--S&P Dow Jones Indices ("S&P DJI") announced today the launch of the S&P 500 Low Volatility Target Beta Index which has been designed to track the S&P 500(R) Low Volatility Index but maintain the same level of market risk as the S&P 500.
The new Index has been licensed to Natixis for product development.
The S&P 500 Low Volatility Target Beta Index uses a beta-driven weighting scheme.
ETF savings versus futures will hit record amount this December, Source analysis reveals
December 7, 2015--New analysis from Source, one of the largest providers of Exchange Traded Products (ETPs) in Europe, reveals that investors who switch out of futures contracts into ETFs during the quarterly 'roll' this December could make record savings.
Historically, savings of up to 18 basis points a year were already possible for some investors in some indices, but Source believes that, this month, the potential cost savings for some investors using ETFs could be closer to 30 to 50 basis points on an annualised basis.
Deutsche Bank launches maxblue robo-advisor
AnlageFinder robo-advisor for experienced and first-time investors/development in cooperation with fintech fincite/maxblue app for mobile securities trading
December 7, 2015--maxblue, Deutsche Bank's online investment platform, is expanding its services to include the AnlageFinder robo-advisor.
The robo-advisor uses algorithms to put together individual portfolios for investors who are looking to make investment decisions without taking advantage of advisory services. AnlageFinder is suitable for experienced and first-time investors in equities alike. It informs clients of potential investment related risks, such as an excessive focus on certain sectors, and highlights investment alternatives. The tool is free for maxblue clients and was developed in cooperation with the fintech company fincite.
Why MiFID II could boost ETF uptake among UK wealth managers
Enforced disclosure of OTC trades
December 5, 2015--MiFID II could increase the uptake of ETFs among UK investors by enforcing public disclosure of over-the-counter trades, allowing for a "truer reflection" of how each vehicle is trading, according to Tim Huver, ETF product specialist at Vanguard.
Despite their name, a significant proportion of exchange-traded funds are traded over-the-counter (OTC, instead of directly on a stock exchange, and these deals often go unreported.
SSGA rolls out TIPS and corporate bond ETFs
December 4, 2015--State Street Global Advisers (SSGA), the asset manager behind the SPDR range of exchange-traded funds, has launched two new funds, the SPDR Barclays US TIPS UCITS ETF (SYBY) and the SPDR Barclays 10+ Year US Corporate Bond UCITS ETF (SYBN).
Alexis Marinof, EMEA head of SPDR ETFs commented, "Global monetary policy continues to drive sentiment and asset class performance....
Report: Spain's BBVA close to buying Finansbank
December 4, 2015--Spain's BBVA, which holds a 40 percent stake in Turkish private lender Garanti Bankasi, has made progress in talks to buy rival Finansbank, currently owned by the National Bank of Greece (NBG), according to reports in the Spanish media.
Spanish news portal El Confidencial reported on Thursday the BBVA has been engaging in talks with the NBG for six months and that the "auction is in its final phase" to buy Finansbank.
SIX Swiss Exchange publishes latest "AHEAD" newsletter
December 4, 2015--The third issue of the "AHEAD" newsletter in 2015 includes an interview with the Indian ambassador to Switzerland.
view
ESAs seek stakeholder input on automation in financial advice
December 4, 2015--The Joint Committee of the three European Supervisory Authorities (ESAs)-EBA, EIOPA and ESMA -has launched a Discussion Paper on automation in financial advice, aimed at assessing what, if any, action is required to harness the potential benefits of this innovation and mitigate its risks.
The ESAs have seen, with the increasing digitalisation of financial services, a growing number of financial institutions offering automated tools when providing advice or recommendations to consumers, often referred to as robo-advisors.
view the Joint Committee Discussion Paper on automation in financial advice
