Unscheduled free float adjustment in MDAX
November 28, 2014--Deutsche Börse AG has announced an unscheduled adjustment to the free float of Rhön-Klinikum AG in MDAX.
Due to a share repurchase programme, the company's free float changed by more than 10 percentage points. The buyback with a volume of around €1.7 billion was organised using tender rights which could be traded via the stock exchange.
According to the rules in the Guide to the Equity Indices of Deutsche Börse the company's free float will be decreased from the current 67.4 percent to 55.4 percent. The adjustment will become effective on Wednesday, 3 December 2014.
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Source: Deutsche Börse
New PIMCO Source active ETF launched on Xetra
Actively managed bond ETF tradable on corporate bonds
November 28, 2014--A new active ETF issued by PIMCO Fixed Income Source ETFS plc has been tradable in the XTF segment on Xetra since Friday.
Name: PIMCO Low Duration Euro Corporate Bond Source UCITS ETF
Asset class: active bond index ETF
ISIN: IE00BP9F2J32
Total expense ratio: 0.39 percent
Distribution policy: distributing
The PIMCO Low Duration Euro Corporate Bond Source UCITS ETF enables investors to participate in the performance of corporate bonds issued in euro via an actively managed ETF.
The PIMCO Low Duration Euro Corporate Bond Source UCITS ETF enables investors to participate in the performance of corporate bonds issued in euro via an actively managed ETF.
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Source: Xetra
EU Annual Growth Survey 2015: A new Momentum for Jobs, Growth and Investment
November 28, 2014--The 2015 Annual Growth Survey (AGS) published by the European Commission today focuses on putting Europe firmly back on a path of sustainable job creation and economic growth. The arrival of the new Commission, with an ambitious agenda for Jobs, Growth, Fairness and Democratic Change, is the right moment to generate a new momentum.
By proposing an ambitious Investment Plan to mobilise at least € 315 billion of additional public and private investment over the next three years, Europe is turning a page (Investment Plan press material). This is part of the European Commission's overall approach to support job creation and get Europe growing.
view the European Commission Annual Growth Survey 2015
Source: European Commission
Deutsche Borse AG publishes results for Q3/2014
Net revenue in Q3 increased to €496 million / Operating costs of €266 million excluding exceptional items / Adjusted earnings per share (EPS) of €0.85 / Net revenue and EPS in the first nine months up slightly on the previous year / Clearstream passes ECB stress test
October 27, 2014--Deutsche Bouml;rse AG published its figures for the third quarter of 2014 on Monday. The Group generated net revenue of €495.9 million, an increase of 8 per cent on the prior-year period (Q3/2013: €457.9 million).
Operating costs adjusted for exceptional items increased as expected and amounted to €266.0 million (Q3/2013: €236.1 million).
The increase is attributable to consolidation effects and higher investments in growth initiatives and infrastructure. Adjusted earnings before interest and tax (EBIT) rose by 4 per cent, to €233.5 million (Q3/2013: €224.0 million). As a result, the Group recorded adjusted basic earnings per share of €0.85 (Q3/2013: €0.83).
In the first nine months of 2014, the Group generated net revenue of €1,498.5 million, a year-on-year increase of 4 per cent (Q1-3/2013: €1,439.3 million). The Group's adjusted operating costs amounted to €758.7 million (Q1-3/2013: €699.7 million). Adjusted EBIT amounted to €745.7 million (Q1-3/2013: €747.8 million) and adjusted earnings per share increased slightly to €2.75 (Q1-3/2013: €2.72).
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Source: Deutsche Bouml;rse
WisdomTree Europe Hires Head of Sales
ETF Industry Veteran Nick Shellard Adds Depth of Institutional Sales Knowledge and Relationships
November 27, 2014--WisdomTree, an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor, and pioneer of dividend-weighted ETFs, announces the hire of Nick Shellard as Head of Sales at WisdomTree Europe.
Nick has over 20 years of ETF and investment banking experience and has held senior roles including Head of ETF & Delta One Sales at Citigroup, EMEA Head of ETF & ETC Sales at Deutsche Bank AG and ETF Country Head of UK & Switzerland at BGI iShares (now known as Blackrock).
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Source: Boost
Amundi launches Nikkei 400 ETF
November 26, 2014--Amundi has bolstered its Japanese equities ETF range with its cheapest exchange-traded fund yet.
The Amundi JPX-Nikkei 400 UCITS ETF became active on 18 November, and carries a TER of 0.18%, which Amundi says is the lowest in the market for this exposure.
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Source: internationaladviser.com
S&P Dow Jones Indices-Europe Index Dashboard-November 2014
November 28, 2014--It was not a great month for Europe's bureaucrats. The OECD criticized the European Central Bank's efforts to combat economic stagnation and warned that Europe was the "locus of weakness" in the global economy; European Commission President Jean-Claude
Juncker's grand €315 billion investment plan was widely mocked as disingenuous, containing neither new money, nor new ideas; even the Pope joined in, likening the EU to a barren grandmother, who was "elderly and haggard."
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Source: S&P Dow Jones Indices
Boost launches triple leveraged gilts ETP on LSE
November 26, 2014--Boost, a leading European provider of short and leveraged exchange-traded products and a division of WisdomTree Europe,
has listed Europe’s first ever triple leveraged gilts ETP.
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Source: etfstrategy.co.uk/
Euronext Paris to relocate
November 25, 2014--Euronext Paris, which houses the pan-European operational headquarters of the group, today announced plans to relocate to the Praetorium site at La Défense, the business district west of Paris.
The move will take place in the second quarter of 2015.
This relocation marks a major step in the changes underway at Euronext Paris.
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Source: Euronext
Lyxor unveils growth plans in business restructure
November 25, 2014--Lyxor Asset Management has restructured its business into three areas in an effort to achieve an ambitious growth objective over the next three years.
The French firm, owned by Societe Generale Group, plans to increase its assets under management by 50% by the end of 2018 to stand at €150bn (£119bn).
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Source: Investment Week
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