Turnover at Deutsche Borse's cash markets at 103.9 billion euros in November
December 1, 2014--Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at €103.9 billion in November (November 2013: €92.9 billion). Of the €103.9 billion, €96.1 billion were attributable to Xetra
(November 2013: €83.4 billion). €3.9 billion were attributable to the Frankfurt Stock Exchange (November 2013: €4.8 billion). Order book turnover on Tradegate Exchange* totalled approximately €3.9 billion in November (November 2013: €4.7 billion).
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Source: Deutsche Börse
HSBC says bye-bye to Bitcoin hedge fund Global Advisors
December 1, 2014--HSBC will no longer work with the first regulated Bitcoin investment fund amid concerns about "money laundering risk".
Hedge fund Global Advisors (GA), which is based on the island of Jersey, told the BBC that the British bank had ended the working relationship.
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Source: City A.M.
New PowerShares equity index ETF launched on Xetra
December 1, 2014--A new equity index fund from the ETF offering issued by PowerShares Global Funds has been tradable in the XTF segment on Xetra since Monday.
ETF name: PowerShares Global Buyback Achievers UCITS ETF
Asset class: equity index ETF
ISIN: IE00BLSNMW37
Total expense ratio: 0.39 percent
Distribution policy: distributing
Benchmark: NASDAQ Global Buyback Achievers NTR Index
e PowerShares Global Buyback Achievers UCITS ETF tracks for the first time the performance of the NASDAQ Global Buyback Achievers NTR Index.
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Source: Xetra
ESMA consults on AIFMD asset segregation requirements
December 1, 2014--The European Securities and Markets Authority (ESMA) has published today a consultation paper on the AIFMD asset segregation requirements.
This consultation paper sets out ESMA's proposals for possible guidelines regarding the asset segregation requirements in case of delegation of safe-keeping duties by the appointed depositary of an AIF.
The depositary provisions-and, in particular, those on asset segregation -are a key aspect of the AIFMD framework and are aimed at improving investor protection. ESMA sees merit in further fostering convergence among supervisors across Europe on these provisions.
view the ESMA Consultation Paper-
Guidelines on asset segregation under the AIFMD
Source: ESMA
Roger Bootz geht zur DeAWM
01.12.2014--Roger Bootz verantwortet ab 01.12.2014 den öffentlichen Vertrieb passiver Anlageprodukte bei der Deutschen Asset & Wealth Management (Deutsche AWM).
Er berichtet an Simon Klein, Leiter Vertrieb ETPs & Institutionelle Mandate EMEA und Asien Deutsche AWM.
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Source: finanzwelt.de
Boost ETP hits new records including AUM and trading volumes
December 1, 2014--BOOST AUM reaches a record $160m, which is a rise of 332% since the end of November 2013 when AUM stood at $37m
BOOST trading volumes reached a record $288m so far in November, a ten-fold increase from November 2013 when volumes were $25m.
Global S&L ETP/ETF industry has grown 5.5% this year to US$ 61b at the end of October. The industry's compound annualised growth has been 38% since 2008 (source: Boost ETP, A WisdomTree Company)
BOOST ETP, A WisdomTree Company and Europe's award winning, specialist Short and Leverage (S&L) Exchange Traded Product (ETP) provider is proud to announce that it has hit a new record in AUM of $160M and total monthly exchange turnover of $288 million.
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Source: Boost
Lyxor and Amundi predict big passive push
November 30, 2014--Record-breaking inflows this year into Europe's exchange traded funds industry have encouraged both Lyxor and Amundi to make bold predictions about future asset growth for their passive investment arms.
Both managers share a belief that they can double the size of their ETF operations with the help of growing investor interest in "smart beta"- cheap, rules-based investment strategies that aim to outperform conventional market-cap indices
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Source: FT.com
European Commission-Fact Sheet-The EU's economic governance explained
November 28, 2014--The lessons learned from the recent economic, financial and sovereign debt crises have led to important reforms of the EU's economic governance rules.
Surveillance systems have been strengthened for budgetary and economic policies and a new budgetary timeline for the euro area has been introduced.
The rules (introduced through the so-called "Six Pack", the "Two Pack" laws and the Treaty on Stability, Coordination and Governance) are grounded in the European Semester, the EU's economic policy coordination calendar.
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Source: European Commission
Deutsche Boerse Will Return to Currencies After 16 Years
November 28, 2014--Deutsche Boerse AG will re-enter currency trading 16 years after the birth of the euro prompted it to withdraw from the market.
Europe's largest publicly traded exchange operator bought a minority stake in R5FX Ltd. for an undisclosed sum, according to a statement today.
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Source: Bloomberg
ESMA submits advice on delegated acts required by the UCITS V Directive
November 28, 2014--On 3 July 2014 ESMA received a provisional request from the European Commission for technical advice on the content of two of the delegated acts on depositaries required by UCITS V.
ESMA published a consultation paper on 26 September setting out the draft technical advice on those delegated acts. That consultation closed on 24 October. This report sets out ESMA's final advice to the Commission in light of the feedback from stakeholders.
Advice on the insolvency protection of UCITS assets when delegating safekeeping
UCITS V provides that, when the custody functions are delegated by the depositary to a third party, such a third party shall take "all necessary steps to ensure that in the event of insolvency of the third party, assets of a UCITS held by the third party in custody are unavailable for distribution among or realisation for the benefit of creditors of the third party".
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Source: ESMA
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