Banks race to revamp research units ahead of new European rules
Mifid 2 to reshape way analysts report on companies and how research can be priced and circulated
November 16, 2015--Banks are facing a pressing deadline to get their sprawling research divisions in order after decades of deliberations and experimentation.
European rules, known as Mifid 2, will reshape the way analysts report on companies and how the research can be priced and circulated to investors.
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Source: FT.com
New Deka bond index ETF launched on Xetra
ETF tracks European government bonds with highest 5-year yield
November 16, 2015--A new bond index ETF issued by Deka Investment GmbH was launched and available for trading on Xetra and Börse Frankfurt since Monday, 16th.
ETF name: Deka Eurozone Rendite Plus 1-10 UCITS ETF
Asset class: bond index ETF
ISIN: DE000ETFL490
Total expense ratio: 0.15%
Distribution policy: distributing
Benchmark: Solactive Eurozone Rendite Plus 1-10 Bond Index
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Source: Deutsche Börse Cash Market
IMF-Emerging Europe Sees Stronger Growth Ahead, but Faces New Risks
November 13, 2015--Much of the region growing at a healthy pace; CIS economies face challenges
Growth expected to turn positive next year, but new risks have emerged
Countries face fiscal challenges; growth-friendly budgets needed
The regional outlook for Central, Eastern and Southeastern Europe (CESEE) shows a mixed picture this year, as countries in Central and Eastern Europe (CEE) continue to grow at a solid pace, while Russia and other Commonwealth of Independent States (CIS) are in recession, according to the latest IMF's Regional Economic Issues report.
GDP up by 0.3% in the euro area and by 0.4% in the EU28
November 13, 2015--Seasonally adjusted GDP rose by 0.3% in the euro area (EA19) and by 0.4% in the EU28 during the third quarter of 2015, compared with the previous quarter,according to flash estimates published by Eurostat, the statistical office of the European Union.
In the second quarter of 2015, GDP grew by 0.4% in both areas.
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Source: Eurostat
BlackRock partners with Euroclear and Clearstream to migrate 20 ETFs to international settlement structure
November 12, 2015--Centralised post-trade arrangements increase liquidity- efficiency and reduce cost
BlackRock, Euroclear and Clearstream have partnered to migrate 20 iShares ETFs to an international issuance and settlement structure.
BlackRock issued the first ETF with an international security structure in 2013, and has launched all new funds since March 2015 on this platform. These 20 ETFs, with $2.9 billion in assets under management Source: BlackRock,
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Source: Euroclear
Saxo rolls out SaxoTraderGo to other banks and brokers
November 11, 2015--Institutional build out to be bolstered through deeper white label partnerships
Saxo Markets, the Institutional Division of Saxo Bank Group, continues to enhance its institutional credentials by making its next generation multi-asset trading platform, SaxoTraderGO, available to its white label clients (WLCs).
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Source: Saxo Bank
New Van Eck Global equity index ETF launched on Xetra
First ETF with focus on most competitive US stock corporations
November 9, 2015--A new exchange-listed index fund issued by Van Eck Global (Europe) has been tradable on Xetra and Börse Frankfurt since Monday.
The Market Vectors Morningstar US Wide Moat UCITS ETF will give investors first-time access to companies that Morningstar's analysis of valuations has identified as having a structural competitive advantage. These promise above-average returns. The 20 US companies in the reference index cover eight different industries, with consumer staples, industry and information technology accounting for some 51 percent.
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Source: Xetra
BMO launches European ETF range
November 7, 2015--BMO Global Asset Management has launched a range of European-listed exchange traded funds
in a move that provides further evidence of...
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Source: FT.com
Lyxor's flagship synthetic exchange traded fund becomes physical
November 7, 2015--The future of "synthetic" exchange traded funds that use futures to follow an index was dealt another blow last week after Lyxor, the French asset manager, dropped the synthetic structure for one of its biggest funds.
Lyxor, Europe's third-largest ETF provider by assets, has converted its flagship $8.6bn Euro Stoxx 50 ETF into a physically traded equivalent...
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Source: FT.com
Unscheduled free float adjustment in SDAX
Changes to be effective as of 11 November
November 6, 2015--Deutsche Börse AG has announced an unscheduled adjustment to the free float of alstria office REIT AG in SDAX.
The company's free float changed by more than 10 percentage points, which was caused by a capital increase due to the acquisition of another company as well as a significant change in the shareholder structure.
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Source: Deutsche Börse