Record fund listings on London Stock Exchange in first half of 2015
June 26, 2015--14 fund IPOs on London's markets in first half of 2015, raising £2.3bn, a 6 per cent increase on last year
London attracts growing numbers of international fund managers across diversified range of funds
20 per cent of money raised is for US based managers
461 funds now listed on London markets
London Stock Exchange today announces that there have been 14 fund IPOs on its markets to date in 2015, raising £2.3bn. This is the most money raised in the first half of the year for the last 10 years and reflects London’s continuing attractiveness to international fund managers, particularly from the US.
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Source: London Stock Exchange Group
MNI Russia Business Sentiment Rises to 51.8 in June
June 26, 2015--First Rise in Exports since the Introduction of Sanctions
Easing inflationary pressures, growing order books and improved access to credit all contributed to the
more upbeat attitude of large Russian companies in June, providing additional support for our previous
assertion that a turning point in the business environment may have been reached.
The MNI Russia Business Sentiment Indicator rose by 1% to 51.8 in June from 51.3 in May, the highest
since July 2014. Construction companies were the sole driver of this month's improvement, while sentiment among those in the manufacturing and
service sectors was unchanged on the month.
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Source: MNI
EBA presents advice on criteria and capital treatment for securitisation
June 26, 2015--The EBA presents its recommendations on a European Union (EU) framework for qualifying securitisations at a public hearing held in London today.
The European Commission had requested in 2014 the EBA to advise on criteria for identifying a prudentially sound securitisation market and its regulatory treatment. The EBA, as one of the specialised EU agencies in banking and financial regulation, will deliver the opinion to the EC in early July and today's hearing is intended to give advance information of its findings to market participants.
EBA technical advice on qualifying securitization-Public Hearing Event June 26 2015
Source: EBA
New ETF Listing on Euronext-COMMERZBANK
June 26, 2015--Euronext is pleased to announce that COMMERZBANK CCBI INVESTMENT FUNDS ICVC will list 2 new ETFs on 30/06/2015 :
ISIN: GB00BVJF7G73
ETF Trading name: CBK CCBI MM CNY
ETF Symbol: CCMR
Venue: Euronext Paris
Underlying index: High Grade CP Index
TER (%): 0,65
ISIN: GB00BVJF7F66
ETF Trading name: CBK CCBI MM EUR
ETF Symbol: CCME
Venue: Euronext Paris
Underlying index: High Grade CP Index
TER (%): 0,65
Euronext now offers 648 ETFs listed on the European markets.
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Source: Euronext
New ETF Listing on Euronext-LYXOR
June 23, 2015--Euronext is pleased to announce that LYXOR INTERNATIONAL AM will list 1 new ETF on 25/06/2015:
ISIN: FR0012726560
ETF Trading name: LYXOR FTSE MINV US
ETF Symbol: MVAU
Venue: Euronext Paris
Underlying index: FTSE USA Minimum Variance Index
TER (%): 0,20
Euronext now offers 646 ETFs listed on the European markets.
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Source: Euronext
New ETF Listing on Euronext-First Trust
June 23, 2015--Euronext is pleased to announce that First Trust Glob. Funds PLC will list 1 new ETF on 25/06/2015:
ISIN: IE00BWTNM743
ETF Trading name: FIRST TRUST JAPAN
ETF Symbol: FJP
Venue: Euronext Paris
Underlying index: Nasdaq ADEX Japan
TER (%): 0,70
Euronext now offers 646 ETFs listed on the European markets.
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Source: Euronext
ESMA publishes Guidelines on periodic information to be submitted by Credit Rating Agencies
June 23, 2015--ESMA today publishes the guidelines on periodic information to be submitted to ESMA by Credit Rating Agencies, in all EU languages.
These Guidelines apply to credit rating agencies (CRAs) registered in the EU, and will become effective two months after their publication.
Russia Stuck at Junk as S&P, Moody's Crush Hopes for Upgrade
June 23, 2015--Russia will probably be saddled with a junk credit rating for two more years, Standard & Poor's said, joining Moody's Investors Service in dashing expectations by officials for a higher debt grade.
"It is unlikely that the ratings will be raised in the next 24 months," Trevor Cullinan, sovereign analyst at S&P, said in an e-mailed response to questions on Tuesday
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Source: Bloomberg
Euro area investment fund statistics
June 22, 2015--In April 2015, the amount outstanding of shares/units issued by euro area investment funds other
than money market funds was €18 billion higher than in March 2015.
This increase was due to net
issues of shares/units, which was partially offset by decreases in share/unit prices.
The amount outstanding of shares/units issued by euro area investment funds other than money market funds increased to €9,439 billion in April 2015, from €9,421 billion in March 2015. Over the same period, the amount outstanding of shares/units issued by euro area money market funds increased to €1,016 billion, from €1,014 billion.
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Source: ECB
Five Presidents' Report sets out plan for strengthening Europe's Economic and Monetary Union as of 1 July 2015
June 22, 2015--Today, the five Presidents-European Commission President Jean-Claude Juncker, together with the President of the Euro Summit, Donald Tusk, the President of the Eurogroup, Jeroen Dijsselbloem, the President of the European Central Bank, Mario Draghi, and the President of the European Parliament, Martin Schulz-have revealed ambitious plans on how to deepen the Economic and Monetary Union (EMU) as of 1 July 2015 and how to complete it by latest 2025.
To turn their vision for the future of EMU into reality, they put forward concrete measures to be implemented during three Stages: while some of the actions need to be frontloaded already in the coming years, such as introducing a European Deposit Insurance Scheme, others go further as regards sharing of sovereignty among the Member States that have the euro as their currency, such as creating a future euro area treasury.
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Source: European Commission
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