Greenwich survey shows growing institutional adoption of ETFs in Europe
January 26, 2015--22% of institutions to increase their allocations to ETFs in the next three years
Asset Managers use ETFs in nearly three quarters of multi asset funds
Pension funds hold ETFs for an average of 29 months
A survey of 120 European institutions has found that pension funds, insurers and asset managers use exchange-traded funds (ETFs) for a wide range of purposes and hold them for much longer than commonly thought. One in five intend to increase their use of ETFs in the next three years with around one in ten expecting to increase allocations by more than 10% within that time period.
The survey, conducted by Greenwich Associates and commissioned by BlackRock, interviewed 30 European asset managers, 22 insurers and 68 pension funds about their use of ETFs. Out of the 120 surveyed, 83 were ETF users. Five of the main findings are:...
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Source: BlackRock
Deutsche Börse to make unscheduled adjustment in MDAX
January 26, 2015--As a result of the expected merger with Deutsche Annington SE, the Gagfah S.A. current share class (ISIN LU0269583422) in MDAX will be replaced with the tendered share class of Gagfah S.A. (ISIN LU1152862774).
According to the index guidebook, this index change is implemented once a company's share reaches an acceptance threshold of at least 50 percent by the end of the initial tender period, or at any time throughout the extended period, with two trading days' notice.
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Source: Deutsche Börse
Source GS EFI Europe ETF launched on Xetra
January 26, 2015--A new equity index fund from the ETF offering issued by Source has been tradable on Xetra in Deutsche Börse's XTF segment since Monday.
ETF name: Source Goldman Sachs Equity Factor Europe UCITS ETF
Asset class: equity index ETF
ISIN: DE000A1161M1
Total expense ratio: 0.55 percent
Distribution policy: accumulating
Benchmark: Goldman Sachs Equity Factor Index Europe NTR Index EUR
The Source Goldman Sachs Equity Factor Europe UCITS ETF enables investors to participate in a strategy approach based on the following five stock-picking factors: size, value, momentum, quality and a low beta.
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Source: Xetra
SIX Swiss Exchange-ETF Quarterly Statistics: 4th quarter of 2014
January 23, 2015--This report provides detailed figures regarding the performance of SIX Swiss Exchange's ETF segment.
In 2014 the Swiss stock exchange saw CHF 90.8 billion of trading volume in ETFs.
With CHF 24 bn, turnover in the fourth quarter exceeded the third quarter by 23%. This was revealed today in the latest edition of ETF Quarterly Statistics[pdf]. With 242'818 ETF transactions carried out on SIX Swiss Exchange in the fourth quarter, the total for 2014 amounts to 911'874. Average transaction size was CHF 99'620 and therefore higher than in the two previous years.
Most-traded products
The most-traded ETF in the fourth quarter was again the iShares SMI (formerly CS ETF on SMI), with CHF 1'685 million traded (+40% compared to the third quarter), followed amongst others by UBS ETF-MSCI USA UCITS ETF A in fourth place with a turnover of CHF 658 million. The list of the top 20 products is concluded by the db x-trackers MSCI EMERGING MARKETS INDEX UCITS ETF 1C with a turnover of CHF 227 mn in 19th position and the PowerShares EQQQ Nasdaq-100 UCITS ETF with CHF 222 mn.
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Source: SIX Swiss Exchange
Moody's downgrades 15 tranches in 11 Russian RMBS transactions
Actions follow the lowering of Russia's local-currency bond ceiling; 3 tranches in one RMBS transaction placed on review for downgrade
January 23, 2015--Moody's Investors Service has today downgraded 15 tranches in 11 transactions and placed on review for downgrade three tranches in one transaction, Russian Mortgage Backed Securities 2006-1 S.A.
The full list of rating actions is at the end of this press release.
The rating actions follow the weakening of Russia's credit profile as reflected in Moody's decision on 16 January 2015 to lower Russia's government bond rating to Baa3, and the lowering of the local-currency bond and deposit ceilings to Baa2 from Baa1.
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Source: Moody's
Eurozone economy picks up in January: survey
January 23, 2015--Eurozone business activity picked up to a five-month high in January, a key survey showed Friday, just the day after the European Central Bank announced a 1.0-trillion-euro economic stimulus package.
Analysts said the report was encouraging as it confirmed a recent modest pick-up but they cautioned that growth remains weak after the economy faltered badly in 2014.
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Source: EUbusiness
Short & Leveraged BOOST ETPs gain allure as Swiss Franc roils FX, CFD and spread bet firms
January 23, 2015--Recent turmoil of FX, spread bet and CFD firms, most recently brought about by the Swiss Franc volatility last week brings into question over-the-counter leveraged trading
Extreme volatility in Swiss Franc underscores many of the concerns highlighted in recent iMarkServ and Indxx CFD & spread betting study
The recently published independent report into CFD & spread betting suggested that users of leveraged products were concerned by the finances of CFD & spread betting providers and prefer a product which traded on a recognised exchange
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Source: Boost
Update: db x-trackers CSI300 UCITS ETF
January 23, 2015--China-Aktien sind nicht gleich China-Aktien. Dieser ETF investiert in Festland-Aktien, die andere Kursverläufe zeigen als Aktien, die in Hongkong gelistet sind.
2014 hat der chinesische Markt endlich geliefert, zeigte sich 2015 zeitweilig aber wieder von seiner unschönen Seite
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Source: Morningstar
ECB launches 1 trillion euro rescue plan to revive euro economy
January 22, 2015--The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying program which will pump hundreds of billions in new money into a sagging euro zone economy.
The ECB said it would purchase sovereign debt from this March until the end of September 2016, despite opposition from Germany's Bundesbank and concerns in Berlin that it could allow spendthrift countries to slacken economic reforms.
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Source: Reuters
ECB launches 1 trillion euro rescue plan to revive euro economy
January 22, 2015--The European Central Bank took the ultimate policy leap on Thursday, launching a government bond-buying program which will pump hundreds of billions in new money into a sagging euro zone economy.
The ECB said it would purchase sovereign debt from this March until the end of September 2016, despite opposition from Germany's Bundesbank and concerns in Berlin that it could allow spendthrift countries to slacken economic reforms.
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Source: Reuters
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