New SPDR bond index ETF launched on Xetra
					
ETF tracks performance of euro-zone government bonds 
December 4, 2014--A new SPDR bond index ETF issued by State Street Global Advisors has been tradable in the XTF segment on Xetra since Thursday.  
ETF name: SPDR Barclays 3-5 Year Euro Government Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BS7K8821
					
Ongoing charges: 0.15 percent
Distribution policy: distributing
Benchmark: Barclays 3-5 Year Euro Treasury Bond Index
The new SPDR ETF enables investors to participate in the performance of EUR-denominated government bonds from the euro zone.
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Source: Xetra
						
Euro zone bond yields rise as some trim ECB QE bets
					
December 4, 2014--Peripheral bond yields lead rise post-Draghi comments
ECB's Draghi says to consider govt bond purchases in 2015
Comments disappointed those positioned for concrete plans (Recasts with prices moves post-Draghi 
					
Euro zone yields bounced further off record lows on Thursday after the European Central Bank stuck to its line that it will consider sovereign bond purchases early next year to help revive the euro zone economy.
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Source: Reuters
						
London Stock Exchange December 2014 ETF & ETP Monthly Report
					
December 4, 2014--Listings
7 new ETFs and 1 new ETN listed on London Stock Exchange in November 2014
There are now 737 ETFs (available as 1,128 lines through multi-currency offerings) and 359 ETCs/ETNs (available as 410 lines) on our London market
Pimco/Source became the second issuer to launch an International ETF on London Stock Exchange
					
Trading activity
Total on-exchange value traded for ETFs in November 2014 was £15.8 billion (163,000 trades), up by 48% compared to last year
Total on-exchange value traded for other ETPs (ETCs and ETNs) in November 2014 was £1.4 billion (31,000 trades), up by 8% compared to last year
6 out of the top 10 European ETFs ranked by YTD inflows were London Stock Exchange listed
Market coverage
24 registered market makers provide continuous pricing and a high quality pool of liquidity on our order-book
In addition, more than 400 brokers and member firms from over 20 countries are connected to London Stock Exchange's order book and have access to trade ETFs
Other news
London Stock Exchange hosted its inaugural Active ETF Conference, attended by over 150 delegates, it highlighted the potential future growth prospects for Active ETFs
view the London Stock Exchange December 2014 ETF & ETP Monthly Report
					
Source: LSEG
						
Russia ETF Rush Halted as Kremlin Faces Recession 
					
December 3, 2014--Investors who piled into the biggest exchange-traded fund tracking Russian stocks at a record pace last month have started pulling out as the government acknowledged that the country is headed toward a recession.
					
Traders withdrew $22.7 million from the Market Vectors Russia ETF (RSX) on Dec. 2, the biggest outflow since mid-July, data compiled by Bloomberg show.
Invesco Powershares: smart beta in demand
					
December 3, 2014--Demand for smart beta indices across Europe is growing, according to research by exchange-traded fund (ETF) provider, Invesco PowerShares.
					
The study found that, by 2017, the percentage of assets invested into smart beta products is expected to reach 18%, double the allocation at the beginning of 2014.
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Source: funds-europe.com
						
Boerse Stuttgart reports November turnover in region of EUR 6.4 billion
					
December 2, 2014--Based on its order book statistics, Boerse Stuttgart turned over around EUR 6.4 billion in November 2014. 
					
Although this was down on the figure for October, which was a particularly strong month, total turnover since January was nevertheless on a par with the previous year at around EUR 81 billion.
Trading in exchange-traded products (ETPs) generated the biggest increase and contributed over EUR 793 million to the November total. This was more than 37 percent up on the figure for November 2013. Turnover from investment fund units stood at EUR 97.5 million.
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Source: Boerse Stuttgart 
						
Russia expects recession in 2015 as sanctions, oil prices bite
					
December 2, 2104--Low oil prices and sanctions imposed on Moscow over Ukraine will send the Russian economy into recession next year, government officials said on Tuesday, a dramatic change to an earlier forecast of 1.2 percent gross domestic product growth.
					
In the first official forecast of a recession, Deputy Economy Minister Alexei Vedev said GDP is likely to fall by 0.8 percent next year. The ministry cut its forecast for the average oil price by $20 to $80 per barrel in 2015.
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Source: Reuters
						
PIMCO issues first actively managed fixed income ETF in Euroclear's international structure
					
December 2, 2014--PIMCO, a world-leading investment manager, has today made history by launching the first actively managed fixed income ETF in Euroclear Bank's international structure. 
					
The PIMCO Low Duration US Corporate Bond Source UCITS ETF has today listed on the London Stock Exchange, and is available for trading.
The ETF's primary market issuance will be in Euroclear Bank, the International Central Securities Depository (ICSD). Additionally, transaction settlement- will take place within the ICSD structure, providing far greater simplicity and reduced risk and processing costs.
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Source: Euroclear
						
State Street names Rory Tobin head of European business
					
December 1, 2014--Asset management company State Street Global Advisors appointed Rory Tobin as head of its European distribution.
					
Tobin will be responsible for leading and developing the region's institutional and intermediary distribution business, the company said.
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Source: Reuters
						
IMF Turkey: Selected Issues Paper
					
December 1, 2014--THE EXTERNAL IMBALANCE: BOOSTING NATIONAL SAVINGS WILL LIMIT THE BURDEN OF ADJUSTMENT1
Turkey's current account deficit is expected to remain elevated at around 5½-6 percent of GDP through 2019. Reducing the deficit to a more sustainable level around 2½-3 percent of GDP should be a key policy priority. 
					
Active policies that boost national savings will allow for a gradual adjustment of the imbalance instead of running the risk of a disruptive one through external financing constraints. Applying the Global Integrated Monetary and Fiscal Model (GIMF), we quantify the impact of four different approaches to reducing the current account deficit. The analysis shows that policies that directly increase private or public savings can reduce the external imbalance without reducing private
investment and have relatively modest negative growth implications. If instead the adjustment is left to monetary policy tightening or happens automatically via an increased country risk premium-as has been the case recently-the rebalancing will be on account of a large fall in private investment and a larger slump in real GDP.
view the IMF Turkey: Selected Issues Paper
					
Source: IMF
						
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