Benchmarks: restoring confidence in the financial markets
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."
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Source: European Parliament
Russian Economy Shrinks 1.9% in First Quarter
May 15, 2015--The Russian economy contracted by 1.9 percent in the first quarter year-on-year, the statistics service said on Friday, hit by sanctions and falling energy prices.
The reading was broadly in line with estimates given by Prime Minister Dmitri A. Medvedev and officials from the Economy Ministry over the last month, although some analysts said the figure was better than expected.
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Source: New York Times
New ETF Listing on Euronext
May 14, 2015--Euronext is pleased to announce that PowerShares will list 1 new ETF on 18/05/2015 :
ISIN: IE00BWTN6Y99
ETF Trading name: PS SP HI DIV LW VL
ETF Symbol: HDLV
Venue: Euronext Paris
Underlying index: S&P 500 Low Volatility High Dividend Index (Total Return)
TER (%): 0.30%
Euronext now offers 638 ETFs listed on the European markets.
Source: Euronext
Borsa Italiana: ETF Stat: April 2015
May 14, 2015--New Listing
28 new instruments were listed on ETFplus market
At the end of April there were listed 959 instruments (677 ETFs, 256 ETCs/ETNsand 26 open-end CIUs)
AUM
At the end of April, the Asset Under Management (AUM) deposited in Italy set a new historical record reaching €45.65bn (42.32bn for ETFs and 3.32bn for ETCs/ETNs) with a grow of 57.14% compared to April 2015
Inflows
During April 2015, in Italy ETFs amassed +€ 827bn of inflows
Trading
471.081 trades registered during April 2015 with a grow of 100.50% vs 2014
view the Borsa Italiana Market Statistics
Source: Borsa Italiana
WisdomTree launches Germany GBPCurrency Hedged Equity UCITS ETF on LSE
May 14, 2015--WisdomTree Launches Germany Currency Hedged Equity UCITS ETF on the London Stock Exchange
WisdomTree Germany Equity UCITS ETF – GBP Hedged (DXGP) is the first German currency hedged equity ETF in Europe
DXGP provides exposure to German equities while hedging currency fluctuations between the euro and GBP
DXGP is tilted towards exporters in Germany which may benefit from periods of euro currency weakness
WisdomTree, an exchange-traded fund ("ETF") and exchange-traded product "ETP") sponsor, today announced the launch of the WisdomTree Germany Equity UCITS ETF-GBP Hedged (DXGP) on the London Stock Exchange (LSE).
Euro Area Securities Issues Statistics: March 2015
May 13, 2015--The annual rate of change of the outstanding amount of debt securities issued by euro area residents
was -0.1% in March 2015, compared with -0.9% in February.
For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 1.5% in March 2015, compared with 1.4% in
February.
New issuance of debt securities by euro area residents totalled EUR 643 billion in March 2015.
Redemptions stood at EUR 605 billion and net issues amounted to EUR 82 billion.1 The annual rate of change of outstanding debt securities issued by euro area residents was -0.1% in March 2015, compared with -0.9% in February.
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Source: ECB
Country-specific recommendations 2015: Further efforts needed to support a robust recovery
May 13, 2015--Further policy is needed to return to self-sustaining growth. The European Commission today adopted country-specific economic policy recommendations for 2015 and 2016 asking for national actions to create jobs and stimulate growth.
These recommendations reflect the Commission's economic and social agenda. Since President Juncker's Commission took office in November 2014 and published its Annual Growth Survey 2015, this agenda has focused on three mutually reinforcing pillars:
boosting investment, implementing structural reforms and pursuing
fiscal responsibility.
The successful implementation of the 2015 country-specific recommendations will be key to making Europe's return to jobs and growth sustainable and less dependent on the external, cyclical factors that currently support the recovery.
view the Q&A: Country-specific recommendations 2015
Source: European Commission
Statistics: Forecasts for the UK economy: April 2015
May 12, 2015--Forecasts for the UK economy is a monthly comparison of independent forecasts.
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Source: HM Treasury
ESMA publishes updates to Q&As on the AIFMD application
May 12, 2015--The European Securities and Markets Authority (ESMA) publishes updated questions and answers on the application of the AIFMD.
The Q&A includes new questions and answers on reporting and calculation of leverage.
view the Questions and Answers-Application of the AIFMD
Source: ESMA
Joint Committee Report on Securitisation
May 12, 2015--The Joint Committee of the three European Supervisory Authorities (ESAs) has published a report detailing its findings and recommendations regarding the disclosure requirements and obligations relating to due diligence, supervisory reporting and retention rules in existing EU law on Structured Finance Instruments (SFIs).
view the JOINT-COMMITTEE REPORT ON SECURITISATION
Source: ESMA
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