Turkey: Macroeconomic stability and structural reform key to strong and inclusive growth, OECD says
July 10, 2014--Turkey's economy will grow stronger in the coming years, but remains overly dependent on domestic consumption funded by foreign finance, according to the latest OECD Economic Survey of Turkey.
Turkey should rebalance growth through monetary and financial policies that keep inflation, exchange rates and credit levels on sustainable paths, the OECD said.
The Survey notes that Turkey's short-term economic outlook has improved: buoyed by the projected global recovery, growth is set to pick up over the coming two years. Turkey's longer-term prospects, however, hinge on the authorities' ability to achieve disinflation and preserve the credibility of public finances, while implementing structural reforms that boost productivity and competitiveness across the economy.
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Source: OECD
ESMA Q&A X on EMIR Implementation
July 10, 2014--The Q&A's purpose is to promote common supervisory approaches and practices in the application of EMIR. It provides responses to questions posed by the general public, market participants and competent authorities.
The Q&As are aimed at national competent authorities to ensure convergent supervisory activities. It should also help investors and other market participants by providing clarity on the requiremehttp://www.esma.europa.eu/content/QA-X-EMIR-Implementationnts under EMIR.
view the ESMA Q&A X on EMIR Implementation
Source: ESMA
Final Report on ESMA Guidelines on enforcement of financial information
July 10, 2014--The European Securities and Markets Authority (ESMA) has published its final Guidelines on the enforcement of financial information published by listed entities in the European Union (EU).
The aim of the guidelines is to strengthen and promote greater supervisory convergence in existing enforcement practices amongst EU accounting enforcers.
The Guidelines set out the principles to be followed by accounting enforcers throughout the enforcement process by defining the objectives, the characteristics of the enforcers, and some common elements in the enforcement process.
view the Final Report-ESMA Guidelines on enforcement of financial information
Source: ESMA
ECB-Euro area securities issues statistics
May 9, 2014--The annual rate of change of the outstanding amount of debt securities issued by euro area
residents was -0.7% in May 2014,compared with -1.0% in April. For the outstanding amount of quoted shares issued by euro area residents,the annual growth rate was 2.2% in May 2014,the same as in April.
New issuance of debt securities by euro area residents totalled EUR 782 billion in May 2014.
Redemptions stood at EUR 657 billion and net issues amounted to EUR 138 billion.1 The annual rate of change of outstanding debt securities issued by euro area residents was -0.7% in May 2014,compared with -1.0% in April.
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Source: ECB
BOOST's Silver 3x Lev (3SIL) & Gold 3x Lev ETP (3GOL) The Top Performing ETPs on the LSE in June
July 8, 2014--Boost Silver 3x Leverage Daily ETP (3SIL) rose 38% (GBP) in June on the back of silver futures rising 10.4% (GBP) in the same period, making it the best performing ETP on the LSE.
LSE's third best performing ETP was Boost Gold 3x Leverage Daily ETP (3GOL). 3GOL rose 16.5% (GBP) in June as gold futures rose 4% in the same period.
Helped by strong inflows into gold and silver ETFs and downbeat expectations of US nonfarm payrolls for June, precious metals regained momentum. A strong upward trend in silver coinciding with high volatility of gold underpinned 3SIL's outperformance over 3GOL.
At the end of June BOOST reached a company record of $113 million AUM. Since the beginning of the year AUM rose 168%, matched with trading volume close to $1 billion in the same period.
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Source: Boost
BOOST's Silver 3x Leverage ETP (3SIL) and Gold 3x Leverage ETP (3GOL) The Top Performing ETPs in Italy in June
July 8, 2014--Boost Silver 3x Leverage Daily ETP (3SIL) rose 40% (EUR) in June on the back of silver futures rising 12% (EUR) in the same period, making it the best performing ETP in Italy.
The third best performing ETP in Italy was Boost Gold 3x Leverage Daily ETP (3GOL). 3GOL rose 18.3% (EUR) in June as gold futures rose 5.7% in the same period.
Helped by strong inflows into gold and silver ETFs and downbeat expectations of US nonfarm payrolls for June, precious metals regained momentum. A strong upward trend in silver coinciding with high volatility of gold underpinned 3SIL's outperformance over 3GOL.
At the end of June BOOST reached a company record of $113 million AUM. Since the beginning of the year AUM rose 168%, matched with trading volume close to $1 billion in the same period.
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Source: Boost
ETFGI: ETFs and ETPs listed globally reached US$2.64 trillion in assets, a new record high, at the end of Q2 2014
July 7, 2014--ETFs and ETPs listed globally gathered US$34.8 Bn in net new assets in June and US$126.6 Bn YTD, which outpaces the previous high of US$106.4 Bn at this point set in 2012.
Net flows combined with positive market performance during H1 2014 pushed assets in the global ETF/ETP industry to a new record high of US$2.64 Tn invested in 5,359 ETFs/ETPs, with 10,401 listings, from 219 providers listed on 59 exchanges, according to preliminary data from ETFGI’s end H1 2014 Global ETF and ETP industry insights report.
The ETF/ETP industry in most countries and regions reached new record highs in assets at the end of Q2 2014, including: in the United States US$1.86 Tn; in Europe US$470 Bn; in Asia Pacific ex Japan US$ 96.7 Bn; in Japan US$90.1 Bn; in Canada US$65.7 Bn and in the Middle East and Africa US$43.5 Bn.
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Source: ETFGI
European ETPs could hit half a trillion dollars this year
July 7, 2014--Assets in exchange-traded products (ETPs) in Europe rose by a net $32 billion (€24 billion) in the first half of the year, a growth rate that would take total assets to more than half a trillion dollars by year-end if it persists.
"The positive equity market performance has helped to improve investor confidence during the first half of 2014," says Deborah Fuhr, managing partner at ETFGI, a research firm that provided the data.
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Source: funds-europe.com
Lyxor UK grows institutional sales teams in UK and Northern Europe
July 7, 2014--Lyxor Asset Management UK has made three appointments to lead its growth in the UK and Northern European markets.
Olivier Cassin has been appointed as head of UK institutional sales; Mattias Gustawsson as head of Nordic institutional sales; and Joost Wijstma as head of Netherlands institutional sales.
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Source: institutionalassetmanager.co.uk
Source and Morgan Stanley team up on smart beta "month-end effect" ETF
July 7, 2014--London-based exchange-traded fund provider Source and investment bank Morgan Stanley have teamed to launch the Source Morgan Stanley Europe MEMO Plus UCITS ETF (EMSE), an ETF which aims to outperform the broad European equity market by exploiting the so-called "month-end effect".
Listed on the Deutsche Börse, the fund is linked to the Morgan Stanley Europe MEMO Plus Strategy, a proprietary strategy index developed by Morgan Stanley which aims to capitalise on one of the most persistent patterns in equity markets.
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Source: etfstrategy.co.uk
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