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New UBS ETF launched on Xetra
ETF provides currency-hedged access to the CMCI commodity index
March 9, 2015--A new exchange-listed commodity index fund from the UBS Global Asset Management product range has been tradable in Deutsche B€rse's XTF segment since Monday.
ETF name: UBS ETFs plc-CMCI Composite SF UCITS ETF (GBP) A-acc
Asset class: commodity index ETF
ISIN: IE00B50XJX92
Total expense ratio: 0.45 percent
Distribution policy: accumulating
Benchmark: UBS Bloomberg CMCI hedged to GBP TR Index
Trading currency: British pound
The new UBS ETF from the Constant Maturity Commodity Index (CMCI) index series enables investors to participate in the performance of 28 commodity contracts with up to seven different maturities while also benefiting from a hedge against fluctuations in the GBP/USD exchange rate. This covers the entire yield curve and minimises negative roll effects.
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Source: Xetra
Euro-Area Bond Gains Send Yields to Records on ECB Buying Plans
March 9, 2015--Government bonds across the euro area advanced, sending yields to record lows, as investors absorbed details of the European Central Bank's extended sovereign debt-purchase program.
The rate on securities from Spanish two-year notes to Belgian 30-year bonds dropped to all-time lows after ECB President Mario Draghi said Thursday the euro area’s national central banks will start buying the bonds of their home markets from March 9.
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Source: Bloomberg
ESMA trade reporting standards "could decide" future of markets
March 9, 2015--The European Securities and Markets Association is consulting financial institutions on which messaging protocol and data formats would be best for trade reporting under MiFIR.
As the timeframe for reporting comes ever closer to real-time, the consequences could be serious.
Under MiFID II and EMIR, a host of trade reporting obligations are being phased in, obliging capital markets participants to report derivatives transactions to a trade repository and to use central clearing wherever sufficient liquidity is available.
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Source: ESMA
ESMA clarifies its interest rate swaps clearing standards
March 9, 2015--The European Securities and Markets Authority (ESMA) has today published a revised opinion on its draft Regulatory Technical Standard (RTS) on the clearing obligation for Interest Rate Swaps (IRS).
ESMA's draft IRS RTS had originally been sent for endorsement to the European Commission by 1 October 2014. On 29 January 2015, the Commission responded with a corrigendum notification, which informed ESMA of its intention to endorse the draft RTS with amendments.
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Source: ESMA
Row erupts as EU backtracks on index data transparency
March 8, 2015-- Scandals over the rigging of interbank interest rates such as Libor and Euribor and the alleged fixing of gold and silver prices have highlighted the dangers of a lack of transparency in the calculation of indices and benchmarks.
So it may come as a surprise that European politicians are being accused of harming investors by backtracking on plans to force unprecedented transparency on index providers..
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Source: FT.com
HM Statistics: Forecasts for the UK economy: February 2015
March 6, 2015--Forecasts for the UK economy is a monthly comparison of independent forecasts. This edition contains short term forecasts for 2014, 2015 and 2016, and medium term forecasts to 2019.
view the Forecasts for the UK economy: February 2015
Source: HM Treasury
New UBS ETF launched on Xetra
ETF provides access with currency hedging to MSCI Canada index
March 6, 2015--A new equity index fund from the UBS Global Asset Management product family has been tradable on Xetra in Deutsche Börse's XTF segment since Friday.
ETF name: UBS ETF-MSCI Canada UCITS ETF (hedged to EUR) A-acc
Asset class: equity index ETF
ISIN: LU1130155606
Ongoing charges: 0.43 percent
Distribution policy: accumulating
Benchmark: MSCI Canada 100% hedged to EUR TRN
The new UBS ETF enables investors to participate in the performance of the MSCI Canada index and also to benefit from hedging against exchange rate fluctuations between the euro and the Canadian dollar.
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Source: Xetra
European Parliament moves toward regulation of benchmarks
March 5, 2015--Cora van Nieuwenhuizen, the lawmaker leading an EU proposal to regulate financial benchmarks, said leaders are working toward a compromise.
National regulators would be authorized to toughen up certain benchmark rules, she said. "Everybody feels a sense of urgency that we really have to do something to avoid affairs like [the London Interbank Offered Rate]," van Nieuwenhuizen said. "We can reach an agreement in the coming weeks."
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Source: SmartBrief
UK official holdings of international reserves: February 2015
March 4, 2015--This monthly release shows details of movements in the UK's official holdings of international reserves, or assets. These consist of gold, foreign currency assets and International Monetary Fund assets.
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Source: HM Treasury
GFT Technologies AG to be included in TecDAX
March 4, 2015--On Wednesday Deutsche Börse decided on changes in its selection indices which will become effective on 23 March 2015.
The shares of GFT Technologies AG will be included in TecDAX and will replace the shares of Kontron AG.
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Source: Deutsche Börse
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