Brexit fears spook UK fund houses
May 10, 2015--The UK Conservative party's shock victory in last week's general election has heightened fears in the fund industry of a potentially damaging exit from the EU.
Opinion polls had pointed to the likelihood of a government led by the Labour party, which had ruled out the possibility of a referendum on the UK's membership of the 28-nation bloc, or a minority Conservative administration backed by the resolutely pro-European Liberal Democrats.
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Source: FT.com
New ETF Listing on Euronext
May 8, 2015--Euronext is pleased to announce that Amundi will list 2 new ETFs on 12/05/2015 :
ISIN: FR0012657963
ETF Trading name:AMUNDI WLD LOW C E
ETF Symbol:LWCR
Venue: Euronext Paris
Underlying index: MSCI World Low Carbon Leaders
TER (%): 0,25
ISIN: FR0012658003
ETF Trading name: AMUNDI WLD LOW C U
ETF Symbol: LWCU
Venue:
Euronext Paris
Underlying index: MSCI World Low Carbon Leaders
TER (%): 0,25
Euronext now offers 637 ETFs listed on the European markets.
Source: Euronext
ESMA releases final guidelines clarifying the definition of commodity derivatives under MiFID I
May 6, 2015--The European Securities and Markets Authority (ESMA) today published guidelines on the Markets in Financial Instruments Directive (MiFID) I.
The purpose of these guidelines is to provide a common, uniform and consistent application of the definitions of commodity derivatives under C6 and C7 of Annex I of the current MiFID I, until MiFID II comes into force on 3 January 2017, when the European Commission issues its delegated acts in relation to these definitions.
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Source: ESMA
New ETF Listing on Euronext
May 6, 2015--Euronext is pleased to announce that LYXOR INTERNATIONAL AM has listed 1 new ETF on: ISIN: LU1220245556
ETF Trading name: LYXOR MSCI PAC X J
ETF Symbol: PAXJ
Venue: Euronext Paris
Underlying index:MSCI Pacific ex Japan Net Total Return Index
TER (%): 0,30
Euronext now offers 635 ETFs listed on the European markets.
Source: Euronext
Launch of the Solactive oekom Ethical Low Volatility Index-Used as underlying for BNP Paribas Investment Products
May 6, 2015--Solactive AG has launched the Solactive oekom Ethical Low Volatility Index, which was created to track the price movements of low volatility stocks passing the ESG screenings of oekom research, a leading rating agency for sustainable investments.
BNP Paribas has licensed the Index to launch a wide range of products, from capital protected to more complex structures designed for both retail and institutional clients in Germany, Austria and Scandinavia.
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Source: Solactive AG
April turnover at Boerse Stuttgart exceeds EUR 8.6 billion
April 5, 2015--Based on the order book figures, turnover at Boerse Stuttgart exceeded EUR 8.6 billion in April 2015. Although total trading volume was down on the previous month, which had produced very strong turnover,it was over twenty percent up on the figure for April 2014.
At around EUR 4.2 billion- a year-on-year increase of nearly thirty percent -trading in securitised derivatives generated the largest share of total April turnover at Boerse Stuttgart. Turnover from leverage products ended the month just below EUR 2.3 billion, while investment products contributed roughly EUR 1.9 billion to the monthly total.
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Source: Boerse Stuttgart
ESMA-ESAs-main risks to EU financial market stability have intensified
May 5, 2015--Summary
The Joint Committee of the European Supervisory Authorities (ESAs) published its fifth Report on Risks and Vulnerabilities in the EU Financial System. Overall, the report found that in the past six months, risks affecting the EU financial system have not changed in substance, but have further intensified.
The EU's economic performance improved slightly in early 2015, however the financial sector in general continues to be affected by a combination of factors such as low investment demand, economic uncertainty in the Eurozone and its neighbouring countries, a global economic slow-down and a low-interest rate environment.
view the Report on Risks and Vulnerabilities in the EU Financial System.
Source: ESMA
ESMA-ESAs-main risks to EU financial market stability have intensified
May 5, 2015--Summary
The Joint Committee of the European Supervisory Authorities (ESAs) published its fifth Report on Risks and Vulnerabilities in the EU Financial System. Overall, the report found that in the past six months, risks affecting the EU financial system have not changed in substance, but have further intensified.
The EU's economic performance improved slightly in early 2015, however the financial sector in general continues to be affected by a combination of factors such as low investment demand, economic uncertainty in the Eurozone and its neighbouring countries, a global economic slow-down and a low-interest rate environment.
view the Report on Risks and Vulnerabilities in the EU Financial System.
Source: ESMA
EC-Spring 2015 Economic Forecast: Tailwinds support the recovery
May 5, 2015--Economic growth in the European Union is benefitting from positive economic tailwinds. According to the European Commission's Spring 2015 Economic Forecast, these short-term factors are boosting an otherwise mild cyclical upswing in the EU.
Europe's economies are benefitting from many supporting factors at once. Oil prices remain relatively low, global growth is steady, the euro has continued to depreciate, and economic policies in the EU are supportive.
On the monetary side, quantitative easing by the European Central Bank is having a significant impact on financial markets, contributing to lower interest rates and expectations of improving credit conditions. With the overall fiscal stance in the EU broadly neutral-neither tightening nor loosening-fiscal policy is also accommodating growth. Over time, the pursuit of structural reforms and the Investment Plan for Europe should also bear fruit.
As a result, real GDP in 2015 is now expected to rise by 1.8 % in the EU and by 1.5 % in the euro area, respectively 0.1 and 0.2 percentage points higher than projected three months ago. For 2016, the Commission forecasts growth of 2.1 % in the EU and of 1.9 % in the euro area.
view the European Economic Forecast 2015
Source: European Commission
BlackRock leads funds in EU lobbying
May 4, 2015--BlackRock spent between €1.2m and €1.5m ($1.3m-$1.7m) on lobbying Brussels last year, shelling out more than US investment bank Goldman Sachs and surpassing the spend of any other asset manager.
Figures from the EU Transparency Register show that BlackRock's estimated lobbying expenditure quadrupled in 2014 compared with the previous year...
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Source: FT.com
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