Northern Trust chooses Clearstream for its fund custody business
October 12, 2015--Clearstream's one-stop shop solution for third party funds processing was key decision criteria
As a major market player with USD 6.1 trillion in assets under custody and
USD 960 billion under management, Northern Trust will boost volumes on Clearstream's Vestima platform
Vestima is well placed to meet regulatory requirements for more security and efficiency in fund custody -another key decision factor for Northern Trust.
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Source: Clearstream
DB-Synthetic Equity & Index Strategy-Europe-European Weekly ETF Market Review
October 12, 2015--European ETP Highlights
As of the end of September 2015, global ETP assets stood at $2.7 trillion with European ETP assets at $480bn (€430bn). European ETPs recorded net inflows of +€1.9bn in September (+€10.2bn in the prev. month).
Equity and fixed income ETFs were the major contributors to inflows receiving +€1.5bn and +€0.7bn respectively. Commodity ETPs listed in Europe saw outflows of -€0.3bn during the same period.
Smart Beta and Cyber security product launches
During September, 12 new smart beta ETFs were launched. UBS and BlackRock listed 8 and 3 quantitative strategy equity ETFs respectively while First Trust listed a fundamental strategy equity ETF. ETF Securities has launched Europe's first ETF to track cyber security focused companies.
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Source: Deutsche Bank Research-Europe-Synthetic Equity & Index Strategy
Euro area securities issues statistics August 2015
October 11, 2015--In August 2015 the activity of euro area issuers was at the lowest level since August
2014, as measured by new issuance and redemptions of debt securities.
The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.9% in August 2015, compared with -1.2% in July.
For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 1.0% in August 2015, the same as in July.
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Source: ECB
ETFs/ETPs listed in Europe have gathered a record level of 61.6 billion US dollars as of the end of Q3 2015, according to ETFGI
October 9, 2015--ETFs/ETPs listed in Europe have gathered a record level of US$61.6 Bn as of the end of Q3 2015 which is virtually tied with the record level of US$61.8 billion in net new assets raised in all of 2014.
Although September was another roller coaster ride for investors they allocated US$2 billion in net new assets to ETFs/ETPs listed in Europe during the month. This marks the 12th consecutive month of positive net inflows, according to ETFGI's preliminary ETF and ETP global insights report for the September 2015.
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Source: ETFGI
New Lyxor smart beta ETF launched on Xetra
ETF includes all five risk factors of J.P. Morgan Equity Risk Premia index family for the first time
October 9, 2015--A new exchange-listed index fund issued by Lyxor International Asset Management has been tradable on Xetra and Börse Frankfurt since Friday.
Name: Lyxor J.P. Morgan Multi-Factor Europe Index UCITS ETF
Asset class: equity index ETF
ISIN: LU1290894820
Ongoing charges: 0.4%
Distribution policy: accumulating
Reference index: J.P. Morgan Equities Risk Premia-Europe Multi Factor Long (EUR)
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Source: Xetra
ESMA sets out its priorities for 2016
October 7, 2015--The European Securities and Markets Authority (ESMA) has published its 2016 Work Programme which sets out its priorities and the activities it will undertake in pursuit of its statutory objectives of enhancing investor protection and promoting stable and orderly financial markets.
ESMA's priorities for 2016, in line with the recently published ESMA Strategic Orientation 2016-2020, signals a shift from rulemaking towards implementation and promoting the convergence of supervisory practices.
The key priorities for 2016 focus on:
Supervisory Convergence-this will be a core focus in ESMA's activities in relation to the implementation, supervision and enforcement of common EU rules. In support of this work ESMA will produce a supervisory convergence work programme and continue its cooperation with NCAs and other institutions, including the Joint Committee to ensure sectoral consistency;
MiFID II and MiFIR-this work will continue to dominate activity in 2016, however in line with the shift in priorities the focus will be particularly on guidelines and Q&As helping with the consistent implementation of MiFID II across NCAs that will need to be developed. Single rulebook activity will also continue as ESMA still has a range of Technical Standards to draft.
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Source: ESMA
S&P cuts Turkey growth forecast for next year
October 7, 2015--Rating agency Standard & Poor's on Wednesday marginally raised its forecast for Turkey's economic growth this year to 3.1 percent from 3, but was more cautious for 2016, cutting its expectations to 2.8 percent from a previous 3.2.
"Turkey reported stronger GDP growth than we expected in the first half, with a surprising surge in private investment in the second quarter," it said in a research note. "External and domestic headwind
Rating agency Standard & Poor's on Wednesday marginally raised its forecast for Turkey's economic growth this year to 3.1 percent from 3, but was more cautious for 2016, cutting its expectations to 2.8 percent from a previous 3.2.
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Source: Today's Zaman
STOXX And Sustainalytics Publish ESG Report For Germany
October 6, 2015--STOXX Limited, a leading provider of innovative, tradable and global index concepts, and Sustainalytics, a leading provider of ESG and corporate governance ratings and research, today presented the research report "Global ESG Leaders (?) -Nachhaltigkeit im DAX" at a media breakfast and awards ceremony in Frankfurt.
This report evaluates companies that are part of the German blue-chip index DAX from a sustainability perspective, and ranks them according to their overall sustainability profile as a group on a global level and within Germany.
The results placed Munich RE at the top with the best overall rating, and the company received the "STOXX / Sustainalytics German ESG Award 2015" at the event.
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Source: STOXX
ECB Sets Out Speaking Guidelines Five Months After Coeure Slip
October 6, 2015--Market-sensitive comments to be made immediately available
Guidelines don't apply to supervisory dialogs with banks
The European Central Bank set out guidelines on external meetings by Executive Board members, five months after it was criticized for the release of information at a restricted dinner event.
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Source: Bloomberg
Eurozone business activity slows in September
October 5, 2015--Eurozone economic activity slowed more than first thought in September, a key business survey showed on Monday, adding to concerns over the outlook.
Data monitoring company Markit said its revised September Purchasing Managers Index fell to 53.6 points, compared with a first reading of 53.9 points.
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Source: EUbusiness
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