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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.
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Source: Source
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.
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Source: Deutsche Bank
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.
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Source: www.investmentweek.co.uk
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....
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Source: etfstrategy.co.uk
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.
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Source: Today's Zaman
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.
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Source: SIX Swiss Exchange
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
Source: ESMA
UK official holdings of international reserves: November 2015
December 3, 2015--This monthly release shows details of movements in the UK's official holdings of international reserves, or assets.
These consist of gold, foreign currency assets and International Monetary Fund assets.
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Source: HM Treasury
ECB extends QE programme to at least March 2017
December 3, 2015--The European Central Bank has today adjusted its asset purchase programme, known as quantitative easing.
The ECB extended the scheme's duration into 2017 and agreed to buy euro-denominated municipal and regional bonds, ECB President Mario Draghi said.
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Source: www.rte.ie
ECB did not see need to increase monthly QE spend because of other moves -Draghi
December 3, 2015--The European Central Bank did not add to its monthly asset purchase programme because extending the scheme and reinvesting proceeds were deemed sufficient, ECB President Mario Draghi said on Thursday.
He added that other moves were open later if needed and described the decision to reinvest principal repayments on bonds it has already bought to maintain liquidity as "very significant".
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Source: Reuters