A record level of 40 billion US dollars in net new assets was gathered by ETFs and ETPs listed in Europe in the first half of 2015 according to ETFGI
July 8, 2015--A record level of US$40 billion in net new assets (NNA) was gathered by ETFs and ETPs listed in Europe in the first half of 2015, surpassing the prior record of US$32 billion gathered in the first half of 2014, according to ETFGI's preliminary ETF and ETP global insights report for the first half of 2015.
At the end of June 2015, the European ETF/ETP industry had 2,118 ETFs/ETPs, with 6,502 listings, assets of US$499 Bn, from 50 providers listed on 25 exchanges in 21 countries.
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Source: ETFGI
LSE July 2015 ETF & ETP Monthly Report
July 7, 2015News
London Stock Exchange's ETF team hosted a panel at the Greater China Forum held in Hong Kong on 15 June 2015.
The panel discussed the reasons underlying growth of ETFs, latest product innovations, investor access to ETFs and the importance of liquidity. They also explored RQFII space and agreed that there is demand for more product launches to provide exposure to Chinese equity sector, Fixed Income and smart beta strategies
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Source: London Stock Exchange Group
IMF Country paper-Italy: Selected Issues
July 7, 2015--DOES PUBLIC SECTOR IN EFFICIENCY CONSTRAIN FIRM PRODUCTIVITY: EVIDENCE
FROM ITALIAN PROVINCES1
This paper establishes a causal link between public sector efficiency at the provincial level and firm
productivity using
data for about 450,000 Italian firms.
Significant productivity gains could be realized if public sector efficiency improved from currently low levels.
If efficiency rose to the frontier in all provinces, outputper employee would increase 9 percent for the average firm.
Implementing the public adminstration reform agenda and recommendations of the 2014 spending review and competition aut hority could help deliver some of these productivity gains.
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Source: IMF
Northern Trust Monthly Funds Market Review: Irish Funds Industry Association rebrands
ECB hails T2S launch| Luxembourg fund industry ambition
July 7, 2015--ASIA HIGHLIGHTS
Asia is rising fast to the top of the global wealth list, overtaking Europe in 2014 to nab the number two spot and looking set to replace North America as the world's wealthiest region next year, according to a new report by the Boston Consulting
Group.
EXCHANGE TRADED FUNDS
Assets invested in ETFs/ETPs listed globally broke through the US$3tn milestone at the end of May to reach a new record of US$3.015tn in assets under management (AUM), according to ETFGI's preliminary monthly ETF and ETP global insight report
for May 2015.
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Source: Northern Trust
Solactive launches Home Automation Index
July 7, 2015--Frankfurt-based index provider Solactive AG has launched the Solactive Home Automation Index, designed to track the price movements of stocks representative of the global home automation market.
The Index has been licensed to be used as underlying for a BNP Paribas Open End Certificate listed in Frankfurt, where it is denominated in euro and in Zurich, where it is denominated in Swiss francs and US dollar.
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Source: Investment Europe
EBA issues advice on securitisation
July 7, 2015--Following the public hearing held on June 26, the EBA published the full text of its advice to the European Commission on a framework for qualifying securitisation.
The EBA advice had been disclosed last week during the public hearing, so that concerned stakeholders could receive advance information on the EBA's proposed criteria for defining simple standard and transparent securitisation transactions.
view the EBA-Opinion of the European Banking Authority on a European framework for qualifying securitization
Source: EBA
JPMorgan appears closer to launching ETFs in Europe
July 6, 2015--Analysts say US bank JPMorgan has taken "another step" towards rolling out its first exchange traded funds in Europe with the recent development of its indices offering.
Last month Lyxor announced the launch of an ETF range based on equity risk-factor benchmarks developed by JPMorgan's quantitative and derivatives strategy team.
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Source: FT.com
ESMA agrees to renewal of short-selling ban by Greek HCMC
July 6, 2015--The European Securities and Markets Authority (ESMA) has issued its official opinion agreeing to a renewal, for a period of seven days, of the emergency short selling prohibition originally imposed by the Hellenic Capital Market Commission (HMCM) under the Short Selling Regulation on Monday 29 June.
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Source: ESMA
EU's Moscovici sees financial transaction tax in place early 2017
July 6, 2015--Negotiations over a planned tax on financial transactions in 11 European countries could wrap up later this year and the levy could be in place by early 2017, EU Economic Affairs Commissioner Pierre Moscovici said on Wednesday.
France and Germany proposed the tax in 2012, but talks among the 11 countries that have agreed to levy it have stalled over what financial instruments should be covered and at what rate.
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Source: Reuters
UPDATE 1-European bank shares dip after Greeks reject bailout terms
July 6, 2015--European bank shares fell almost 2 percent on Monday after Greeks overwhelmingly rejected conditions of a rescue package from creditors, throwing the future of its banks and its euro zone membership into doubt.
Greece's banks could run out of cash within days and the European Central Bank's (ECB) decision about whether to extend emergency liquidity will be crucial. The ECB is due to meet on Monday.
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Source: Reuters
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