Source hires Nomura's Johnson to broaden European footprint
April 26, 2016--Reporting to recently appointed CEO Julian Ide, Johnson will be based in London in his new role.
At Nomura he was managing director and head of EMEA equity flow derivative sales since 2014, and was global head of distribution at ETF Securities prior to that.
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Source: investmentweek.co.uk
Bank of New York Mellon in talks over DBV-X deal
April 26, 2016--US bank plans to move into repo trading by taking over start-up trading venue from Tradition
Bank of New York Mellon is planning to move into repurchase trading in Europe with the purchase of start-up trading venue DBV-X, formerly of Tradition, the Swiss interdealer broker.
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Source: FT.com
IMF Working paper-
April 25, 2016--Summary: This paper provides a quantitative evaluation of the macroeconomic. distributional, and fiscal effects of three reform proposals for Germany: i) a reduction in the social security tax in the low-wage sector, ii) a publicly financed expansion of full-day child care and full-day schooling, and iii) the further deregulation of the professional services sector.
The analysis is based on a macroeconomic model with physical capital, human capital, job search, and household heterogeneity. All three reforms have positive short-run and long-run effects on employment, wages,and output. The quantitative effects of the deregulation reform are relatively small due to the smal size of professional services in Germany. Policy reforms i) and ii) have substantial macroeconomic effects and positive distributional consequences. Ten years after implementation, reforms i) and ii) taken together increase employment by 1.6 percent, potential output by 1.5 percent, real hourly pre-tax wages in the low-wage sector by 3 percent, and real hourly pre-tax wages of women with children by 2.7 percent. The two reforms create fiscal deficits in the short run, but they also generate substantial fiscal surpluses in the long-run. They are fiscally efficient in the sense that the present value of short-term fiscal deficits and long-term surpluses is positive for any interest (discount) rate less than 9 percent.
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Source: IMF
Monday Morning Memo: Review of the European ETF Market, March 2016
April 24, 2016--Detlef Glow, Thomson Reuters Lipper's head of EMEA research, reviews the fund flows in the European ETF market during March 2016.
view the Monday Morning Memo: Review of the European ETF Market, March 2016 report
Source: Reuters
Asset managers discount fees for big investors by a third
April 24, 2016--Regulation and competition among fund houses are making it harder to win and retain business
Asset managers are discounting the fees they charge big investors by up to a third in a bid to gather assets at a time when regulation and competition among fund houses are making it harder to win and retain business.
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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 If you are looking for a particuliar article and can not find it, please feel free to contact us
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