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UPDATE 1-Deutsche Boerse eyes possible bid for FX platform 360T-source
June 15, 2015--Deutsche Böerse is looking at the possibility of buying currency trading platform 360T, a source familiar with the situation said on Monday, although it was not yet clear if the German exchange operator will place a binding bid.
Deutsche Böerse declined to comment on whether it was bidding, while 360T, one of a handful of multi-bank, multi-user platforms which have revolutionised foreign exchange trading over the past decade, was not immediately available to comment.
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Source: Reuters
Lyxor plans China Government Bond RQFII ETF
June 15, 2015--Lyxor announces it has been awarded by S&P Dow Jones Indices (S&P DJI) a license on the S&P China Sovereign Bond 1-10 Year Spread Adjusted Index, in order to launch and list a China Government Bond ETF in Europe.
The S&P China Sovereign Bond 1-10 Year Spread Adjusted Index comprises Government Bonds issued by the People's Republic of China, having an outstanding maturity between 1 and 10 years and traded on the Shanghai or Shenzen Stock Exchanges as well as on the Chinese Interbank Market.
view Invesco Powershares launches ETF on LSE view more BlackRock wins Transport for London pension mandate view more
'Closet tracker' funds more than doubled in the UK view more
LSE head: 'abolish stamp duty on listed shares' view more Xetra Dax near correction territory as euro rally continues view more Vanguard names new European fixed income chief view more New ETF Listing on Euronext-Lyxor ISIN: LU1237527673 Euronext now offers 643 ETFs listed on the European markets. for more info Fund mergers weigh on State Street's European profits view more
Source: FinancialInvestigator.nl
June 15, 2015--Invesco PowerShares has announced the listing of the PowerShares S&P 500 Veqtor Ucits ETF on London Stock Exchange.
The company added that there will be further listings across selected European countries.
Source: Investment Europe
June 15, 2015--BlackRock has won a £3.8 billion (€5.2 billion) mandate to manage Transport for London (TfL) pension fund's liability-driven investing (LDI) and passive equity assets.
The asset management giant will manage a £2.2 billion (€3 billion) private equity asset portfolio, which includes investments across a range of index funds.
Source: CityWire
June 14, 2015--The number of "closet tracker" funds that charge high fees for active management but do little more than mimic a benchmark has more than doubled in the UK over the past 12 months.
The findings, based on an analysis of the UK fund market by Morningstar, the data provider, has intensified pressure on the fund industry to stamp out such funds.
Source: FT.com
Xavier Rolet is calling for the government to abolish stamp duty on listed shares to encourage investment
June 14, 2015--The chief executive of the London Stock Exchange has called on the government to abolish stamp duty on all listed shares ahead of the Summer Budget next month.
Writing exclusively for the Daily Telegraph to commemorate 20 years of the Aim market, Xavier Rolet said more needed to be done to make the markets more accessible for people to invest.
Source: The Telegraph
June 14, 2015--The sustained rebound in the euro took a further toll on some of the currency area's biggest exporters on Thursday, leaving Frankfurt's main equities index within sight of correction territory.
Measured to the trough of Thursday's trading, the Xetra Dax 30 is down 9.3 per cent from its record peak reached on April 10, taking it to the brink of the commonly accepted definition of a correction, a decline of 10 per cent.
Source: FT.com
June 12, 2015--Vanguard is shifting one of its top US fixed income exchange-traded fund managers to run European fixed income, following the departure of Nick Pierce
who has left the $3 trillion fund manager after nearly four years in the role.
Source: Financial News
June 12, 2015--Euronext is pleased to announce that LYXOR INTERNATIONAL AM will list 2 new ETFs on 16/06/2015:
ISIN: LU1237527160
ETF Trading name: LYXOR FTSE EU MVR
ETF Symbol: MVAE
Venue: Euronext Paris
Underlying index: FTSE Developed Europe Minimum Variance Index
TER (%):0,20
ETF Trading name: LYXOR FTSE MINV EM
ETF Symbol: MVAM
Venue: Euronext Paris
Underlying index: FTSE Emerging Minimum Variance Index
TER (%): 0,40
Source: Euronext
June 12, 2015--US asset manager State Street Global Advisors suffered a 28% drop in profits from its European business last year, partly due to the administrative costs of a tidying up of its exchange-trade funds operation.
Source: Financial News