LSE June 2015 ETF & ETP Monthly Report
June 10, 2015--News
Two new order types (Cross Orders and Block Trade Facility) went live on 11 May.
Swiss Franc (CHF) was introduced as a trading currency for ETFs on 18 May within Trading Service for ETFs Euroclear Bank Settlement.
Listings
8 new ETFs and 10 other ETPs (ETCs and ETNs) were listed on London Stock Exchange in May 2015
There are now 800 ETFs (available as 1,223 lines through multi-currency offerings) and 375 ETCs/ETNs (available as 426 lines) on our London market
Trading activity
Total on-exchange value traded for ETFs in May 2015 was £17.3 billion (233k trades), up by 57% compared to last year
Total on-exchange value traded for other ETPs (ETCs and ETNs) in May 2015 was £1.5 billion (36k trades), up by 49% compared to last year
Market coverage
22 registered market makers provide continuous pricing and a high quality pool of liquidity on our order-book
Over 150 member firms are connected to the London Stock Exchange''s order book and have access to trade ETFs and ETPs
Events
ETF Strategy and London Stock Exchange are hosting the second annual ETF Portfolios Summit, at London Stock Exchange's Paternoster Square
headquarters on Thursday 18 June 2015. Key themes will include: currency hedging; fundamental fixed income; smart beta and factor investing; portfolio construction and management; investment strategies and model portfolios; hybrid securities, and economic and market outlook. For more information please visit www.etfportfoliossummit.co.uk
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Source: London Stock Exchange Group
Two Source equity index ETFs launched on Xetra
June 8, 2015--ETFs track export-oriented companies from the eurozone and Japan
Two new equity index funds from the ETF offering issued by Source have been tradable on Xetra and Börse Frankfurt since Monday. Both ETFs track the performance of companies that generate a large part of their revenue abroad.
Name: Source STOXX Eurozone Exporters UCITS ETF
Asset class: equity ETF
ISIN: IE00BWFDP571
Total expense ratio: 0.35 percent
Distribution policy: accumulating
Benchmark: Euro STOXX International Exposure Index
Name: Source STOXX Japan Exporters UCITS ETF (EUR Hedged)
Asset class: equity ETF
ISIN: IE00BWFDP803
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Source: Xetra
Bank Breakup Bill Set for Crunch Talks Among EU Nations
June 9, 2015--European Union nations are pushing to reach agreement by the end of the month on a bill intended to tackle too-big-to-fail banks.
Envoys from the bloc's 28 national governments will hold crunch negotiations in Brussels on June 17, with the aim of sending the legislation to finance ministers for approval in Luxembourg two days later, two people with knowledge of the matter said, asking not to be identified because the talks aren't public.
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Source: Bloomberg
CP15/18: Fair, reasonable and non-discriminatory access to regulated benchmarks
June 9, 2015--In an previous Consultation Paper published in December last year, CP14/32 Bringing additional benchmarks into the regulatory and supervisory regime, the UK's Financial Conduct Authority (FCA) received responses raising concerns about the unconstrained ability of benchmark administrators to set the costs of benchmarks to users.
In its response detailed in Policy Statement 15/6: Bringing additional benchmarks into the regulatory and supervisory regime, the FCA stated that it would consider whether additions to the rules in Chapter 8 of the Market Conduct Sourcebook (MAR 8) were necessary.
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Source: rimes.com
MNI Russia Consumer Sentiment Falls to 72.8 in May
Improvement in Outlook for Finances, Inflation and Jobs
June 9, 2015--The MNI Russia Consumer Sentiment Indicator
remained broadly stable at 72.8 in May compared with 73.0 in April.
Though consumer sentiment was
down 17.7% on the year, our survey provides a tentative sign that we have reached a trough in confidence as some measures in our survey appear to have stabilised following January's sharp setback.
In particular, consumers are less pessimistic about their current financial situation than they were at the start of the year, while their expectations for business conditions in five years' time have recovered the ground lost from January's drop.
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Source: MNI
Finansinspektionen-Resilience Continues To Be Sound But Measures Required Resilience continues to be sound but measures required
June 9, 2015--The Swedish financial system is functioning well and the banks' resilience to disruptions is satisfactory. At the same time, measures are required to reduce the risks linked to household indebtedness.
These are two of the conclusions drawn in FI's Stability Report, which is being presented today.
Resilience in the Swedish financial system is satisfactory. The banks have sufficient capital and good access to low-cost funding, which means that they have the capacity to provide both companies and households with loans.
view the summary report-Stability in the financial system
Source: Finansinspektionen
EU to propose lighter capital rules for banks to revive securitised debt
June 8, 2015--The European Commission will propose lighter capital requirements on simple pooled debt instruments, in a bid to free banks to use these so-called securitisation products to help raise more funds to finance economic growth.
Regulators imposed tough capital requirements on banks creating securitised debt after often-complex products based on U.S. home loans became untradable in 2007, triggering the global financial crisis, and the sector in Europe has yet to regain pre-crisis levels
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Source: Reuters
520 European ETFs Rated on TrackInsight
June 8, 2015--Koris International, an innovative investment advisory firm, announces today the launch of the TrackInsightTM ratings of the 520 most significant European ETFs.
These ratings are available for professional investors on www.trackinsight.com, an ETF comparison and selection platform.
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Source: Koris International
BNP, Eurizon selectors scrutinise active funds
June 8, 2015--Two leading European fund selectors are conducting research into the ability of active managers to outperform the market, a move that could have implications for the investment decisions of gatekeepers across Europe.
FundQuest Advisor, the fund selection unit of the BNP Paribas group, and Eurizon Capital, Intesa Sanpaolo's asset management arm...
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Source: FT.com
Bond-Market Volatility Triggers Alarms
U.K.'s debt agency chief raises prospect that swings could cause investors to balk at buying bonds at auction
June 8, 2015--Regulators and government officials are becoming increasingly worried about rising volatility in government bond markets.
Federal Reserve and European Central Bank officials have publicly discussed the issue in recent weeks, and the head of the U.K.'s Debt Management Office raised the prospect that the swings could one day cause investors to balk at buying its bonds at auction.
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Source: Wall Street Journal
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