S&P Dow Jones Indices-Europe Index Dashboard-November 2014
November 28, 2014--It was not a great month for Europe's bureaucrats. The OECD criticized the European Central Bank's efforts to combat economic stagnation and warned that Europe was the "locus of weakness" in the global economy; European Commission President Jean-Claude
Juncker's grand €315 billion investment plan was widely mocked as disingenuous, containing neither new money, nor new ideas; even the Pope joined in, likening the EU to a barren grandmother, who was "elderly and haggard."
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Source: S&P Dow Jones Indices
Boost launches triple leveraged gilts ETP on LSE
November 26, 2014--Boost, a leading European provider of short and leveraged exchange-traded products and a division of WisdomTree Europe,
has listed Europe’s first ever triple leveraged gilts ETP.
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Source: etfstrategy.co.uk/
Euronext Paris to relocate
November 25, 2014--Euronext Paris, which houses the pan-European operational headquarters of the group, today announced plans to relocate to the Praetorium site at La Défense, the business district west of Paris.
The move will take place in the second quarter of 2015.
This relocation marks a major step in the changes underway at Euronext Paris.
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Source: Euronext
Lyxor unveils growth plans in business restructure
November 25, 2014--Lyxor Asset Management has restructured its business into three areas in an effort to achieve an ambitious growth objective over the next three years.
The French firm, owned by Societe Generale Group, plans to increase its assets under management by 50% by the end of 2018 to stand at €150bn (£119bn).
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Source: Investment Week
Borsa Italiana-ETFstat October 2014
November 24, 2014--New Listing
In October 4 new ETFs and 19 new ETCs/ETNs were listed on ETFplus market
At the end of October2014 there were listed 917 instruments (668 ETFs and 249 ETCs/ETNs)
AUM
At the end of October 2014, the ETFs Asset Under Management (AUM) deposited in Italy set a new historical record reaching €33.28bn with a grow of 39.05% compared to October 2013
Inflows
During October 2014, the ETFs listed on ETFplus market set a total net inflow of €1.31bn ETF Listing Italy
view the view the Borsa Italiana Market Stats-October 2014
Source: Borsa Italiana
RBS admits European stress test blunder
November 23, 2014--The Royal Bank of Scotland has accepted that it got its sums wrong over the European Banking Authority stress tests last month.
Revised figures revealed Friday showed that instead of passing the test easily as initial results from the exercise showed, the state-owned RBS had narrowly scraped through and was the weakest performer among Britain's banks
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Source: EUbusiness
European markets watchdog examines closet trackers
November 23, 2014--The European markets watchdog is probing "closet tracking", which critics say is enabling fund managers to charge high active fees while in practice doing little more than hugging an index.
A letter from Steven Maijoor, chairman of the European Securities and Markets Authority, to consumer organisation Better Finance For All, seen by FTfm, said the regulator was "gathering more information to assess the scope of this issue".
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Source: FT.com
Lyxor and db X-trackers Shake Things Up
Two of the largest ETF providers in the industry have begun offering physical ETFs, marking a departure from their roots
November 21, 2014--The largest synthetic ETF providers in Europe, Lyxor and db X-trackers, have announced they are venturing into the physical ETF market.
This comes as the two companies face increasing competitive pressures and net outflows over the past year.
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Source: Morningstar.co.uk
IMF Executive Board Concludes 2014 Article IV Consultation with Turkey
November 21, 2014--On November 21, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Turkey.1
Turkey's economy has grown on average by 6 percent annually since 2010, but this has come at the expense of a large external deficit making the economy sensitive to changes in external financing conditions. Macroeconomic policies have been too accommodative, inflation is high and well above the authorities’ target, real policy interest rates remain negative, and the exchange rate continues to be stronger than suggested by fundamentals. These imbalances are holding back growth potential and increasing risks. They need to be addressed with carefully sequenced macroeconomic policies and structural reforms aimed at increasing aggregate savings, competitiveness and potential output.
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Source: IMF
DELISTING OF NORDEA BANK AB (publ) 4 ETN´S
November 21, 2014--EXCHANGE NOTICE 21.11.2014 ETN
DELISTING OF NORDEA BANK AB (publ) 4 ETN'S
NASDAQ OMX Helsinki Oy has decided to prematurely terminate trading in Nordea Bank AB (publ) ETN's
on issuer´s request as of 21.11.2014 according to the Rules of the Exchange 6.2.4.1.
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Source: NASDAQ
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