KraneShares Lists Electric Vehicles & Future Mobility ESG Screened UCITS ETF (Ticker: KARS) on the London Stock Exchange
May 26, 2022--Krane Funds Advisors, LLC, ("KraneShares"), an asset management firm known for its global exchange-traded funds (ETFs) and innovative investment strategies, today announced the launch of the KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF (Ticker: KARS).
KARS tracks the Bloomberg Electric Vehicles ESG Screened Index, which is constructed through a rigorous basket identification process powered by Bloomberg Intelligence (BI), which includes over 350 research professionals, as well as research from Bloomberg New Energy Finance (BNEF).
"KARS is focused on the fast-growing electric vehicle industry and the expanding list of technologies shaping the future of transportation and mobility," said Anthony Sassine, CFA, Senior Investment Strategist at KraneShares.
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Source: kraneshares.eu
UK regulator suggests simpler listing rule for London to attract more startups
May 26, 2022--BRITAIN'S twin-track company listing regime could be simplified into a single entry point to the London Stock Exchange to attract more startups, the Financial Conduct Authority (FCA) said on Thursday (May 26).
Britain wants to bolster London's attractiveness as a global location for listings as it continues to trail New York in bringing tech companies to the market, and faces added competition from Amsterdam since Brexit.
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Source:businesstimes.com.sg
Review of the MiFID II framework on best execution reports by investment firms
May 24, 2022--View the Review of the MiFID II framework on best execution reports by investment firms
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Source: ESMA
New ETFs from J.P. Morgan on Xetra: factor-based high-yield corporate bonds and active investment strategy in Japanese companies
May 24, 2022--Since Tuesday, two new exchange-traded funds issued by J.P. Morgan Asset Management are tradable on Xetra and via Börse Frankfurt.
The JPM Global High Yield Corporate Bond Multi-Factor UCITS ETF-EUR Hedged (dist) offers investors the opportunity to participate in the performance of high-yield corporate bonds with a rating below investment grade.
The ETF tracks the JP Morgan AM Global High Yield Multi-Factor Index. It is designed to track the performance of global corporate bonds which display certain factor characteristics more strongly when compared to their peer group. The strategic multi-factor approach determines portfolio composition based on three equally weighted factors: value, momentum, and quality.
The JPM Japan Research Enhanced Index Equity (ESG) UCITS ETF-EUR Hedged (acc) employs an active investment strategy to outperform the benchmark, MSCI Japan Index. The portfolio is composed of companies that are domiciled in Japan or carry out most of their business activities there. The focus is on companies with positive environmental or social characteristics that apply good corporate governance practices. Companies with significant business activities in thermal coal, wafers or tobacco are excluded.
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Source: Deutsche Börse
New ETN from 21Shares on Xetra with first access to the combined investment of gold and bitcoin
May 24, 2022--Since Tuesday, a hybrid product of gold and bitcoin issued by 21Shares in cooperation with the asset management company ByteTree is tradable on Xetra and via Börse Frankfurt.
For the first time, the 21Shares Bytetree BOLD ETP offers investors the opportunity to invest simultaneously in the performance of gold and bitcoin. The focus is currently on gold with 85 per cent; the remaining 15 per cent is covered by bitcoin.
The composition of the hybrid product consisting of the precious metal gold and the cryptocurrency bitcoin is adjusted every month depending on the relative volatility of the two asset classes.
If one of the two assets is less volatile than the other, investors receive greater exposure to that asset.
The product is physically collateralised by the cryptocurrency Bitcoin and gold and is centrally cleared via Eurex Clearing.
Name: 21Shares Bytetree BOLD ETP
Asset class: ETN
ISIN: CH1146882308
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Source: Deutsche Börse
Euro area financial vehicle corporation statistics: first quarter of 2022
May 23, 2022--In first quarter of 2022 outstanding amount of debt securities issued by euro area FVCs engaged in securitisation decreased to €1,703 billion, from €1,710 billion in previous quarter
Net redemptions of debt securities by FVCs during first quarter of 2022 amounted to €2 billion, while the annual growth rate of debt securities issued increased to 6.6% in the first quarter of 2022, from 5.9% in the previous quarter
Euro area FVCs disposed €19 billion of securitised loans in first quarter of 2022, with outstanding amounts totalling €1,277 billion
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Source: ECB
ECB-Euro area investment fund statistics: first quarter of 2022
May 23, 2022--In first quarter of 2022, outstanding amount of shares/units issued by investment funds other than money market funds fell to €15,806 billion, down €488 billion on previous quarter
Net issues in quarter amounted to €8 billion, with €1,362 billion in gross issues and €1,354 billion in gross redemptions
Outstanding amount of shares/units issued by money market funds fell to €1,345 billion, down €108 billion on previous quarter
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Source: ECB
ESMA study looks at reasons for lower costs in ESG funds
May 23, 2022--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has published a study looking at the potential reasons behind the relatively lower ongoing costs, and better performance, of environmental, social and governance (ESG) funds compared to other funds, between April 2019 and September 2021.
ESMA recently determined that ESG equity undertakings for collective investment in transferable securities (UCITS), excluding exchange-traded funds, were cheaper and better performers in 2019 and 2020 compared to non-ESG peers.
Understanding the cost and performance dynamics of ESG funds is of particular interest as it may bring insights for the overall fund industry on how to make funds more affordable and profitable for retail investors.
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Source: ESMA
IMF-Germany: Staff Concluding Statement of the 2022 Article IV Mission
May 23, 2022--The fallout from the war in Ukraine and COVID-related disruptions to global supply chains are slowing Germany's economic recovery from the pandemic, with the spike in energy prices pushing up inflation to multi-decade highs. The recovery is expected to pick up some momentum in 2023 if energy supplies are secured, supply bottlenecks dissipate, and new COVID-induced restrictions are avoided.
The immediate policy priorities are to secure gas supplies, cushion the spillovers from the war, and build resilience. The uncertain outlook for fossil fuel supplies makes the government's plan to fast track the green transition even more critical. A ramp up in public and private investment will be needed to ensure a smooth and cost-effective transition. Looking ahead, population aging and structural transformation call for increasing labor supply and boosting skills.
1. The war in Ukraine has clouded the outlook before output had recovered to its pre-pandemic level. Just prior to Russia’s invasion of Ukraine, Germany's economic activity was firming up. Easing semiconductor shortages were allowing auto production to regain some momentum. Moreover, in recent months, falling hospitalizations and relaxation of pandemic restrictions were helping services activity to rebound.
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Source: IMF
Lagarde Says ECB Likely to Exit Negative Rates by End of September
May 23, 2022--Net bond buying set to end 'very early' in third quarter
Lagarde stresses that policy normalization will be gradual
The European Central Bank is likely to start raising interest rates in July and exit sub-zero territory by the end of September, President Christine Lagarde said.
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Source: bloomberg.com
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