Statistics: Forecasts for the UK economy: May 2015
May 20, 2015--Forecasts for the UK economy is a monthly comparison of independent forecasts.
Please note that Forecasts for the UK economy is a summary of published material reflecting the views of the forecasting organisations themselves and does not in any way provide new information on the Treasury’s own views. It contains only a selection of forecasters, which is subject to review.
view more
Source: HM Treasury
LSE New trading currency for ETFs
May 20, 2015--As liquidity on our market deepens and investor base expands, demand continues to grow for an even wider range of products and greater trading opportunities for exchange members.
To serve this demand, London Stock Exchange is introducing Swiss Franc (CHF) within Trading Service for ETFs Euroclear Bank Settlement. This allows ETFs to be traded in CHF on our order-book, supported by clearing and settlement. There are now 6 trading currencies permitted on this Service including GBP, USD, EUR, CNY and HKD.
for more info
Source: London Stock Exchange Group
Deutsche Boerse welcomes UniCredit as new ETF issuer on Xetra
World's first ETF on European convertible bonds
May 20, 2015--The first ever European convertible bond ETF, from new issuer Structured Invest S.A. (a wholly-owned subsidiary of UniCredit Bank AG), has been tradable on Xetra since Wednesday.
UniCredit subsidiary HVB sold its Indexchange ETF unit to Barclays in 2007. This new product marks UniCredit's return to the ETF market.
ETF name: UC Thomson Reuters Balanced European Convertible Bond UCITS ETF
Asset class: bond index ETF
ISIN: LU1199448058
Total expense ratio: 0.95 percent
Distribution policy: accumulating
Benchmark: Thomson Reuters Monthly Europe Focus Convertible Index
view more
Source: Xetra
Accumulating shares now available on most popular PIMCO SOURCE ETFs view more BATS Chi-X Europe Overhauls ETF Trading Tariffs to Promote Deeper Liquidity at Tighter Prices view more New PIMCO Source active ETF launched on Xetra view more New Deka equity index ETF launched on Xetra view more WisdomTree brings popular currency-hedged ETFs to Europe view more Making 'tactical adjustements' is the key reason for using ETPs view more Benchmarks: restoring confidence in the financial markets view more If you are looking for a particuliar article and can not find it, please feel free to contact us for assistace.
May 19, 2015--PIMCO and Source are pleased to announce that accumulation shares are now available for two of their most popular fixed income ETFs.
They provide access to the £ 1,915 million PIMCO Euro Short Maturity Source UCITS ETF
Source: Source (ETPs)
Pricing Effective 1st June and will apply to all ETFs traded on BATS Chi-X Europe; Exchange Will Also Offer Free ETF Listings
May 19, 2015--BATS Chi-X Europe (BATS), Europe's largest stock exchange, has announced new trading tariffs to incentivise tighter price formation and promote deeper liquidity as it continues its campaign to improve the European marketplace for exchange-traded funds and products (ETFs/ETPs).
On any given day as much as €1.5bn is traded in ETFs on order books across the continent, with at least twice as much traded over the counter (OTC). The majority of activity is concentrated in around 40 ETFs that predominantly focus on commodities and blue-chip indices.
Source: BATS Chi-X Europe
ETF offers access to an actively managed bond portfolio
May 19, 2015--A new active ETF issued by PIMCO Fixed Income Source has been tradable on Xetra since Tuesday. This is a new asset class for the PIMCO Euro Short Maturity Source UCITS ETF, which is already tradable on Xetra.
The only difference is that the income is not distributed but accumulated.
ETF name: PIMCO Euro Enhanced Short Maturity Source ETF
Asset class: active bond ETF
ISIN: IE00BVZ6SP04
Total expense ratio: 0.35 percent
Distribution policy: accumulating
Benchmark: EONIA
Source: Xetra
ETF tracks EURO STOXX 50 Index with accumulation
May 19, 2015--A new equity index ETF issued by Deka Investment GmbH has been tradable in Deutsche Börse's XTF segment since Tuesday. This is a new asset class for the Deka EURO STOXX 50 already tradable on Xetra, but differing in that the income is not distributed but accumulated.
ETF name: Deka EURO STOXX 50 (accumulating) UCITS ETF
Asset class: equity index ETF
ISIN: DE000ETFL466
Total expense ratio: 0.15 percent
Distribution policy: accumulating
Benchmark: EURO STOXX 50 Index
Source: Xetra
May 19, 2015--WisdomTree, the $61bn exchange traded funds provider, is to bring two of its best-selling US ETFs to Europe in response to growing appetite for currency-hedged ETFs.
WisdomTree's dollar-hedged Europe equity ETF will begin trading in London, Frankfurt and Milan on May 21.
Source: FT.com
May 18, 2015--New research(1) commissioned by Source, one of the largest providers of Exchange Traded Products (ETPs) in Europe, reveals that European professional investors say they use ETPs most often to make 'tactical adjustments' to their portfolios.
Nearly three out of four (73%) of those interviewed mentioned this as a reason for investing in ETPs, followed by 61% who said they use them to gain 'long term broad market exposure'. Other responses include: supporting a long/short strategy (59%), liquidity management (52%), sector rotation (40%) and transition management (26%).
Source: Source (ETPs)
May 18, 2015--Benchmarks are widely used to track market developments, however financial scandals involving benchmarks such as Libor and Eurobibor have shown that they are susceptible to manipulation.
On 18 May MEPs debate new rules to ensure the full transparency of all benchmarks used in the EU and vote on them the next day. Dutch Alde member Cora van Nieuwenhuizen, who wrote the report with recommendations, said: "It is a major step forward in ensuring the future robustness and accuracy of benchmarks."
Source: European Parliament