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ESMA publishes latest edition of its newsletter
June 14, 2023--The European Securities and Markets Authority (ESMA), the EU's financial markets regulator and supervisor, has today published its latest edition of its Spotlight on Markets Newsletter.
Your one-stop-shop in the world of EU financial markets focused in May on various important topics such as the European Supervisory Authorities (ESAs) Progress Reports on Greenwashing and mainly on ESMA's key findings.
For the first time, the ESAs agreed on a high-level understanding of the phenomenon. The ESMA Progress Report helps to better understand greenwashing and provides market participants and regulators with a shared reference point in dealing with it. ESMA assesses which areas of the sustainable investment value chain are more exposed to the risk of greenwashing. Our work on Sustainable Finance is described in this video.
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Source: ESMA
Swiss Exchange Hit by Worst Market Outage in Decade on Tuesday
June 12, 2023--The SIX Swiss Exchange is investigating Tuesday's technical glitch that caused the country's worst stock market outage in more than decade.
The Zurich-based exchange said it will release findings from its investigation in a couple of days.
"It was a technical issue," said Juerg Schneider, the Swiss exchange's head of media relations, without giving details about the specific nature of the problem. We can "definitely rule out that it was a hack," he said, adding that it was the first such disruption since 2012.
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Source: bnnbloomberg.ca
New ETF from WisdomTree on Xetra: access to renewable energy companies
June 12, 2023--Since Monday, a new exchange-traded fund issued by WisdomTree has been tradable on Xetra and via Börse Frankfurt.
With the WisdomTree Renewable Energy UCITS ETF, investors can invest in a portfolio of companies that are primarily positioned within the renewable energy value chain.
Some of the areas in which the companies operate include wind and solar energy, hydrogen, other renewable technologies and solutions aimed at developing a renewable energy market.
Companies that do not meet WisdomTree's ESG criteria are excluded.
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Source: Xetra
New UBS ETF on Xetra: access to the global fixed income market for green bonds
June 9, 2023--Since Monday, a new exchange-traded fund issued by UBS Asset Management has been tradable on Xetra and via Börse Frankfurt.
The UBS ETF (LU) Global Green Bond ESG 1-10 UCITS ETF gives investors access to the global green bond market.
Green bonds have the special feature that they are used exclusively to finance sustainable projects or companies.
Only bonds that are denominated in USD, EUR, GBP, SEK, CAD or AUD, have a fixed coupon and a remaining maturity of one year to ten years are taken into account. In addition, they must have an MSCI ESG rating of at least BBB. The weighting of an issuer is limited to three per cent. GCC Economic Growth Expected to Slow to 2.5% in 2023
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Source: Xetra
New UBS ETF on Xetra: access to the commodity sector with roll optimisation while taking sustainability into account
June 9, 2023--June 9, 2023--Since Friday, a new exchange-traded fund issued by UBS Asset Management has been tradable on Xetra and via Börse Frankfurt.
The UBS ETF (Irl) CMCI Commodity Transition SF UCITS ETF (USD) offers sustainability-oriented investors an investment in a broadly diversified commodity portfolio, taking into account social and environmental aspects.
Access to the commodity sector is ensured via futures contracts. In order to minimise negative roll yields, investments are made in futures contracts across the entire maturity curve. In this way, constant maturities are covered.
The sustainability aspect is covered by the rfu rating model. This creates a sustainability rating for a raw material, taking into account social and ecological criteria, and also evaluates the life cycle of a raw material from extraction to processing.
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Source: xetra
UK official holdings of international reserves: May 2023
June 7, 2023--This release details movements in the international reserves of gold and assets held by the UK Government.
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Source: gov.uk
Ireland rules out ETF share class changes
June 7, 2023--Country's stance, which results in mutual funds being labelled as exchange traded funds, delivers competitive advantage to Luxembourg
Ireland's financial regulator has ruled out relaxing naming rules for mutual fund ranges that have exchange traded fund share classes, despite the jurisdiction having a competitive disadvantage compared with rival Luxembourg.
The Central Bank of Ireland requires Ucits funds to include "Ucits ETF" in each sub-fund name if it offers any ETF share classes alongside mutual fund classes.
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Source: ft.com
impak is launching the world's first indices based on the ESG+impact assessment
June 7, 2023--Pioneering the first pure-play impact ETF
Impact indices designed with the most rigorous methodology
Allowing investors to support positive change in five key areas
We are very proud to announce the launch of five first true impact indices and ETFs with our partners Circa5000 and Bita on June 7th, 2023, on the London Stock Exchange.
A truly historic moment for impact investing!
Our indices are designed to help the financial sector build new products like ETFs and other structured products. Our indices will enable investors to support positive change in five key areas: Green Energy & Technology, Sustainable Food & Biodiversity, Clean Water & Waste, Social & Economic Empowerment, and Health & Well-being.
Based on a double materiality approach, impak's methodology is the most rigorous and efficient to ensure that only the companies with the greatest impact are selected for each index.
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Source: impak Analytics
Ten new ETNs from GraniteShares: access to three baskets of stocks FAANG, FATANG and GAFAM from top US companies in long and short variants with leverage
June 6, 2023--Since Tuesday, ten new ETNs issued by GraniteShares Financial have been tradable on Xetra and via Börse Frankfurt.
The new Exchange Traded Notes (ETNs) offer access to the performance of three different baskets of stocks made up of the largest US technology stocks worldwide.
All companies are equally weighted in the basket of shares. Investors can choose between leveraged long and short product classes.
The basket of shares, called FAANG, represents the U.S. companies Amazon, Apple, Alphabet, Meta Platforms Inc., and Netflix Inc.
The basket of stocks, called FATANG, stands for Alphabet, Amazon, Apple, Meta Platforms Inc, Netflix Inc., and Tesla.
The basket of stocks, called GAFAM, includes Amazon, Apple, Alphabet, Meta Platforms Inc., and Microsoft.
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Source: Xetra
ESAs put forward common understanding of greenwashing and warn on risks
June 6, 2023--The European Supervisory Authorities (EBA, EIOPA and ESMA- ESAs) today publish their Progress Reports on Greenwashing in the financial sector. See EBA, EIOPA, and ESMA reports. In these reports, the ESAs put forward a common high-level understanding of greenwashing applicable to market participants across their respective remits-banking, insurance and pensions and financial markets.
ESAs common high-level understanding of greenwashing.
The ESAs understand greenwashing as a practice where sustainability-related statements, declarations, actions, or communications do not clearly and fairly reflect the underlying sustainability profile of an entity, a financial product, or financial services. This practice may be misleading to consumers, investors, or other market participants.
The ESAs also highlight that sustainability-related misleading claims can occur and spread either intentionally or unintentionally and in relation to entities and products that are either within or outside the remit of the EU regulatory framework.
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Source: ESMA
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