Oslo Børs launches new bond indices
February 2, 2015--As from today Oslo Børs is calculating 20 new bond indices. With that the bond index portfolio is expanded from five to 25 indices.
The new indices are divided into three categories with Norwegian government bonds, treasury bills and money market instruments respectively as underlying instruments. The main objective is to supply investors in the Norwegian bond market with portfolio benchmarks where return can be replicated.
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Source: Oslo Børs
ETF price war continues to rage in Europe
February 1, 2015--ETF providers show no sign of calling a halt to the drawn-out battle over fees, with many continuing to cut prices across popular products in Europe to win over cost-conscious investors and to claw at the market share of larger rivals.
Persuading providers to admit that the spate of fee cuts is driven by a desire to undercut their competitors is difficult, and there is a noticeable reluctance among the largest of them to associate fee cuts with a price war.
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Source: FT.com
iShares fights for fund flows
February 1, 2015--BlackRock's iShares has had a firm hold on the top position in Europe's exchange traded fund market for years, boasting ETF assets three to four times larger than its nearest rivals.
But new figures show the fund house struggling to gain ground in the rapidly growing European market, in stark contrast to its competitors.
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Source: FT.com
S&P Dow Jones Indices-Europe Index Dashboard
January 30, 2015--Who's worried about Greece when Mario Draghi has turned on the taps? German taxpayers may be fretting; the European equity markets were delighted. The S&P Europe 350® had its best month since October 2011, with a total return of 7.3%.
Every single sector gained, with Consumer Staples and Health Care posting double-digit gains for the month.
In 2014, Quality was the best-performing strategy among the various factor indices derived from the S&P Europe 350. Quality topped the charts again in January, with a monthly return of 9.5%.
The commodity markets continue to signal caution in respect of global demand. Precious Metals was the only sector of the S&P GSCI to post a gain for the month, while Energy continued to slide and recorded a seventh straight month of losses.
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Source: S&P Dow Jones Indices
EU aims to complete capital markets union by 2019
January 29, 2015--The European Union will put in place its "capital markets union" by 2019, starting with quick wins like encouraging direct investment in businesses, an EU document seen by Reuters showed.
The document, co-written by EU financial services chief Jonathan Hill, sets out a timetable for the first time on a core policy of the European Commission to help revive the bloc's flagging economy.
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Source: Reuters
EU might classify more indexes as "critical benchmarks"
January 29, 2015--European officials are considering revisions to a bill that would classify more financial indexes as "critical benchmarks."
The designation would mean the indexes are subject to tougher proposed rules in the EU.
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Source: SmartBrief
Commission launches work on establishing a Capital Markets Union
January 28, 2015--The European Commission has today kicked off its project to create a Capital Markets Union (CMU) for all 28 EU Member States with a first orientation debate at the College of Commissioners.
The CMU is one of the flagship projects of this Commission and ties in with the ambition to boost jobs and growth in the EU.
It is designed to help businesses to tap into diverse sources of capital from anywhere in the EU and offer investors and savers additional opportunities to put their money to work.
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Source: Europa
ESMA eyes transparency in smart-beta products
January 28, 2015--The European Securities and Markets Authority plans to give smart-beta products a closer look, particularly regarding back-testing and replication.
"We would like to see a greater degree of transparency around the methodologies employed in creating those indexes," said Patrick Armstrong, senior officer for financial innovation.
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Source: SmartBrief
Amundi ETF JPX-Nikkei 400 UCITS ETF launched on Xetra
New ETF provides exposure to leading Japanese corporate stocks
January 27, 2015--A new exchange-listed equity index fund issued by Amundi has been tradable in Deutsche Börse's XTF segment since Tuesday.
Name: Amundi ETF JPX-Nikkei 400 UCITS ETF (EUR)
Asset class: equity ETF
ISIN: FR0012205631
Total expense ratio: 0.18 percent
Distribution policy: accumulating
Benchmark: JPX-Nikkei 400 Index
The Amundi ETF JPX-Nikkei 400 UCITS ETF (EUR) enables investors to participate in the performance of the JPX-Nikkei Index 400.
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Source: Xetra
Europe Financial Transaction Tax Gets New Push From 10 Countries
January 27, 2014--A group of 10 euro-area countries renewed their joint effort to implement a tax on financial transactions after talks collapsed last month.
"We renewed today our commitment" to the project, finance ministers from Austria, Belgium, Estonia, France, Germany, Italy, Portugal, Slovakia, Slovenia and Spain said in a joint statement after meetings in Brussels.
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Source: Bloomberg Business
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