Russian ruble keeps on falling, hits new record low
January 21, 2016--The Russian ruble has hit another historic low against the dollar as currencies slid across the former Soviet Union against the backdrop of low oil prices.
The ruble traded above 85 to the dollar for the first time in Moscow early Thursday afternoon, a fall of more than three percent, which beat the previous low of 82.4 to the dollar set in trading Wednesday evening. It later recovered slightly to trade around 84.2. Thursday's slip means the ruble is at its lower.
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Source: Todays Zaman
Official Statistics: Forecasts for the UK economy: January 2016
January 20, 2016--A comparison of independent forecasts for the UK economy in January 2016.
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Source: HM Treasury
Saxo Bank launches the first large-scale, truly digital, investment solution for retail investors in partnership with BlackRock
January 20, 2016--Saxo Bank launches the first large-scale, truly digital, investment solution for retail investors in partnership with BlackRock
SaxoSelect investment portfolios consisting of BlackRock exchange traded funds (ETFs) to launch in selected European markets, starting with Denmark, Finland, Italy, Norway, Netherlands and Sweden in Q1 2016.
The new SaxoSelect is a fully digital and automated portfolio management service that enables clients of Saxo Bank to invest in pre-selected strategies in a real-time, fully transparent environment directly on their Saxo platform.
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Source: SAXO Bank
January 20, 2016--BlackRock's iShares has launched an ETF for European investors that invest in the national Israeli index.
The iShares TA-25 Israel Ucits ETF (TASE) is said to be the first physically-replicating ETF in the world to access the 25 largest companies listed on the Tel Aviv Stock Exchange.
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Source:investmenteurope.net
ESMA publishes letter from European Commission on AIFMD passport
January 19, 2016--The European Securities and Markets Authority (ESMA) has published the letter it received from the European Commission (EC) in respect of its advice on the
application of the Alternative Investment Fund Managers Directive (AIFMD) passport to non-EU AIFMs and AIFs, and ESMA's opinion on the functioning of the passport for EU AIFMs and on the national private placement regimes (NPPRs).
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Source: ESMA
New Amundi bond index ETF launched on Xetra
ETF focuses on euro-denominated corporate bonds with special rating
January 19, 2016--A new bond index ETF issued by Amundi has been tradable on Xetra and Börse Frankfurt since Tuesday,19 January.
Name: Amundi ETF BBB Euro Corporate Investment Grade UCITS ETF
Asset class: bond index ETF
ISIN: FR0012951044
Total expense ratio: 0.2 percent
Distribution policy: accumulating
Benchmark: Markit iBoxx EUR Liquid Corporates BBB Top 60 Index
The Amundi ETF BBB Euro Corporate Investment Grade UCITS ETF enables investors to participate in the performance of corporate bonds denominated in euros.
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Source: Deutsche Börse Cash Market
UK not strong enough for rate rise, says Carney
January 19, 2016--Bad domestic and global news put BOE governor in holding pattern
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Source: FT.com
ETFs/ETPs listed in Europe gathered a record 82 billion US dollars in net new assets in 2015, according to ETFGI
January 14, 2016--ETFs/ETPs listed in Europe gathered US$82.0 billion in net new assets in 2015 which is 32.5% above the prior record level of US$61.8 billion gathered in 2014.
This marks the 14th consecutive month of positive net inflows.
During 2015 there has been growth on most measures: the number of ETFs/ETPs has increased from 2,089 to 2,188, assets under management have increased from US$458 billion to US$506 billion, and the number of providers has increased from 49 to 51.
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Source: ETFGI
UK Global Hub for Green Finance, New UNEP Report Says
January 14, 2016--The UK is well-known as a major financial centre, but it is also a global hub in the fast-growing green finance arena, according to a new report released today by the UN Environment Programme's (UNEP) Inquiry into the Design of a Sustainable Financial system.
The report comes as policymakers and financial institutions are focusing on how to mobilize the capital required to implement Sustainable Development Goals and the Paris Agreement on Climate Change which were agreed last year.
view the The United Kingdom: Global Hub, Local Dynamics-mapping the transition to a sustainable financial system report
Source: UN Environment Programme (UNEP)
Lombard Odier IM and ETF Securities launch a currency-hedged share class of its Global Corporate Bond Fundamental ETF
January 13, 2016--Listed a GBP hedged version
Transparent, cost-effective solution for investors
Unlike market-cap benchmarks which reward the most leveraged borrowers, a fundamental approach treats each corporate issuer on its own merit
The partnership between Lombard Odier Investment Managers ('Lombard Odier IM') and ETF Securities has broadened its product range and listed a GBP hedged version of the ETFS Lombard Odier IM Global Corporate Bond Fundamental GO UCITS ETF ('the Fund') on the London Stock Exchange.
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Source: ETF Securities