UK lawmakers, watchdog spar over rate swaps compensation
February 10, 2015--A scheme for compensating companies mis-sold complex products by banks to shield against interest rate hikes is skewed in favour of the lenders, British lawmakers said on Tuesday.
The scheme was set up by the Financial Conduct Authority to require banks such as Lloyds, Barclays, RBS and HSBC to compensate thousands of small companies that were mis-sold products known as interest rate swaps.
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Source: Reuters
Boost's short and leveraged ETP platform is the most liquid in Europe for trading oil and natural gas
February 10, 2015--Boost proved to be the S&L platform of choice for trading oil and natural gas
With the price of oil hitting $44/bl, Boost’s S&L oil ETPs traded nearly $500m in notional volume in January, 20% more than any other issuers' S&L ETPs
Boost's S&L natural gas ETPs had $375m of notional volume, more than twice any other issuer
Total notional volume across the Boost platform hit a record of $1,547m in January
The most recent rise in volume coincides with increased concerns about CFD and spread betting firms going bust
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Source: Boost
European ETFs post another record month
February 9, 2015--European ETF/ETP industry gathers $14.9bn in net new assets in January, smashing the previous record of $10.8bn set in July 2014
The ETF/ETP industry in Europe gathered $14.9bn in net new assets which is the largest amount of monthly net inflows gathered in a month, surpassing the previous record of $10.8bn in net inflows set in July 2014.
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Source: Global Investor
ETFs/ETPs listed in Europe gathered a record level of US$14.9 billion in net new assets in January 2015, according to ETFGI
February 9, 2015--ETFGI's new research finds the ETF/ETP industry in Europe gathered US$14.9 Bn in net new assets which is the largest amount of monthly net inflows gathered in a month, surpassing the prior record of US10.8 Bn in net inflows set in July 2014.
The European ETF/ETP industry had 2,095 ETFs/ETPs, with 6,347 listings, assets of US$466 Bn, from 50 providers on 26 exchanges according to preliminary data from ETFGI's end January 2015 global ETF and ETP industry insights report.
In January 2015, ETFs/ETPs saw net inflows of US$14.9 Bn. Equity ETFs/ETPs gathered the largest net inflows with US$9.0 Bn, followed by fixed income ETFs/ETPs with US$5.2 Bn, and commodity ETFs/ETPs with US$760 Mn.
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Source: ETFGI
London Stock Exchange February 2015 ETF & ETP Monthly Report
February 9, 2015--News
London Stock Exchange is introducing two new order types, Cross Orders and Block Trade Facility for ETFs and ETPs. The order types facilitate large size trades with the benefits of orderbook price validation for best execution, automated trade reporting and clearing. For more information please see the Service Announcement
Last month, London Stock Exchange welcomed Nomura Next Funds as a new issuer. Launching two new ETFs-Nomura Nikkei 225 EUR-Hedged UCITS ETF and Nomura Nikkei 225 USD-Hedged UCITS ETF
Listings
12 new ETFs were listed on London Stock Exchange in January 2015
There are now 746 ETFs (available as 1,160 lines through multi-currency offerings) and 359 ETCs/ETNs (available as 410 lines) on our London market
Trading activity
Total on-exchange value traded for ETFs in January 2015 was £20.9 billion (241k trades), up by 64% compared to last year
Total on-exchange value traded for other ETPs (ETCs and ETNs) in January 2015 was £2.5 billion (54k trades), up by 100% compared to last year
6 out of the top 10 European ETFs ranked by YTD inflows were London Stock Exchange listed
London Stock Exchange remains the leading exchange for fixed income ETFs, emerging market ETFs and Exchange Traded Commodities (ETC) trading in Europe
Market coverage
23 registered market makers provide continuous pricing and a high quality pool of liquidity on our order-book
In addition, more than 400 brokers and member firms from over 20 countries are connected to London Stock Exchange's order book and have access to trade ETFs
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Source: London Stock Exchange
Amundi launches S&P500 Buyback ETF
First ETF in Europe tracking S&P500 Buyback index will be aimed at smart beta investors
February 9, 2015--Amundi ETF has launched the first ETF in Europe tracking the S&P 500 Buyback Index.
It will be listed on Euronext Paris on the February 17 and will be cross-listed soon on the main European markets.
The S&P 500 Buyback Index is designed to measure the performance of the top 100 stocks in the S&P 500 index with the highest buyback ratio over the previous 12 months.
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Source: Global Investor
Northern Trust Monthly Funds Market Review: Explosive growth for smart beta in Europe
February 6, 2015--The latest Monthly Funds Market Review from Northern Trust is now available for download.
This month's highlights include:
Explosive growth for smart beta in Europe
ETF assets will double to US$5tn by 2020, study claims
Northern Trust and London Councils pioneer tax-transparent pooled fund for pension schemes
Hedge funds record highest inflows in seven years in 2014
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Source: Northern Trust
Winter Economic Forecast: outlook improved but risks remain
February 5, 2015--For the first time since 2007, the economies of all European Union Member States are expected to grow again this year, according to the European Commission's winter forecast.
Over the course of this year, economic activity is expected to pick up moderately in the EU and in the euro area, before accelerating further in 2016. Growth this year is forecast to rise to 1.7% for the EU as a whole and to 1.3% for the euro area. In 2016, annual growth should reach 2.1% and 1.9% respectively, on the back of strengthened domestic and foreign demand, very accommodative monetary policy and a broadly neutral fiscal stance.
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Source: European Commission
Two new iShares ETFs launched on Xetra
ETFs offer access to euro-zone corporate bonds with a BBB-BB rating and stock corporations with buyback programme "Buyback Achievers"
February 5, 2015--Tnew iShares ETFs from BlackRock's product offering have been tradable in Deutsche Börse's XTF segment on Xetra since Thursday.
Name: iShares Euro Corporate Bond BBB-BB UCITS ETF
Asset class: bond index ETF
ISIN: DE000A12HUB1
Total expense ratio: 0.25 percent
Distribution policy: distributing
Benchmark: Markit iBoxx EUR Corporates BBB-BB (5% Issuer Cap) Index
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Source: Xetra
EU states in preliminary deal on regulating market benchmarks-diplomats
February 4, 2015--A wider than anticipated range of market benchmarks will come under the European Union's regulatory net if a deal brokered among member states on Wednesday wins final approval, EU diplomats said.
New rules were proposed after banks were caught trying to rig hitherto unregulated interest rate and currency market benchmarks.
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Source: Reuters
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