UK Export Finance begins support for renminbi loans
UK Export Finance has added the offshore renminbi to its list of supported currencies as it looks to structure its first renminbi supported deal.
June 18, 2014--UK Export Finance (UKEF) has signed a Memorandum of Understanding (MoU) with HSBC and a leading Chinese company to begin structuring its first renminbi (RMB) supported deal in 2014 for capital equipment.
The news was announced today by Chancellor of the Exchequer, the Right Honourable George Osborne MP, at the first UK-China Financial Forum in London attended by Chinese Premier, Li Keqiang.
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Source: HM Treasury
Deutsche Borse celebrates 15 years of SDAX
June 18, 2014--Deutsche Börse today announced the SDAX Index is celebrating its 15th anniversary as Germany's leading small-cap index on 21 June 2014.
On Monday, 23 June 2014, this anniversary will be celebrated on the floor of the Frankfurt Stock Exchange. Susanne Zeidler from SDAX founding member Deutsche Beteiligungsgesellschaft AG will participate in a special bell-ringing ceremony with Executive Board Member Hauke Stars, responsible for the Information Technology and Market Data + Services division of Deutsche Börse.
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Source:Deutsche Börse
Three new UBS bond index ETFs launched on Xetra
June 18, 2014--Three new UBS Global Asset Management ETFs on US and euro-zone corporate bonds have been tradable in Deutsche Börse's XTF segment since Wednesday.
ETF name: UBS ETF- Barclays US Liquid Corporates UCITS ETF (USD) A-dis
Asset class: bond index ETF
ISIN: LU1048316647
Total expense ratio: 0.18 percent
Distribution policy: distributing
Benchmark: Barclays US Liquid Corporates Total Return
ETF name: UBS ETF-Barclays US Liquid Corporates UCITS ETF (hedged to EUR) A-acc
Asset class: bond index ETF
ISIN: LU1048317025
Total expense ratio: 0.23 percent
Distribution policy: non-distributing
Benchmark: Barclays US Liquid Corporates Total Return
The first two UBS ETFs enable investors to participate in the performance of corporate bonds denominated in US dollars and issued in the USA.
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Source: Xetra
LSE announces London renminbi trading
June 17, 2014--The London Stock Exchange (LSE) said on Tuesday it had signed agreements with two of China's biggest banks to develop offshore trading in the Chinese currency Britain.
A partnership with Bank of China will see the two companies design clearing and financing processes for products such as bonds and exchange-traded funds denominated in renminbi, otherwise known as the yuan, the LSE said in a statement.
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Source: FIN24
Three new Amundi ETFs launched in XTF segment on Xetra
ETFs track the MSCI Italy and the inverse performance of US companies for the first time
June 17, 2014--ETF name: Amundi ETF MSCI Italy UCITS ETF
Asset class: equity index ETF
ISIN: FR0010655720
Total expense ratio: 0.25 percent
Distribution policy: non-distributing
Benchmark: MSCI Italy Index
The Amundi ETF MSCI Italy UCITS ETF offers investors access to the MSCI Italy equity index for the first time. The reference index comprises 25 large and mid-cap companies, which make up more than 85% of the Italian stock market in terms of market capitalisation.
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Source:Xetra
UK to become the first country outside the Islamic world to issue sovereign Sukuk
June 12, 2014--The Chancellor has today declared the UK's intention to become the first country outside the Islamic world to issue sovereign Sukuk, the Islamic equivalent of a bond.
This will deliver on the Prime Minister's announcement at the World Islamic Economic Forum in London last October.
It is part of the government's long term economic plan to establish the UK as the undisputed centre of the global financial system, and builds on the action the government has already taken to develop the UK as a hub not only of Islamic finance< but Chinese finance too.
In the coming weeks and subject to market conditions, the government intends to issue £200 million sterling Sukuk, the largest ever issuance of sterling Sukuk.
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Source: HM Treasury
Market Vectors Index Solutions Introduces US Volatility Premium Capture Index
Index Designed to Capture Premiums from U.S. Equity Volatility
June 12, 2014--Market Vectors Index Solutions GmbH (MVIS) today announced the launch of the Market Vectors US Volatility Premium Capture Index (MVVCAP). The index is the latest addition to the Market Vectors Index series.
"The Market Vectors US Volatility Premium Capture Index is the first investment strategy index launched by Market Vectors Index Solutions. The index benefits from the behavioral biases that result in investors paying too much to insure against future losses of their equity holdings," said Lars Hamich, CEO of Market Vectors Index Solutions.
BlackRock lists EM consumer growth and US quality income ETFs on LSE
June 12, 2014--BlackRock, the parent of exchange-traded funds giant iShares, has listed two new ETFs on the London Stock Exchange: the iShares MSCI Emerging Markets Consumer Growth UCITS ETF (CEMG) and the iShares MSCI USA Dividend IQ UCITS ETF (QDIV).
The ETFs, both of which are linked to MSCI indices, provide investors with access to two popular equity themes: emerging markets consumer growth and quality equity income.
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Source: etfstrategy.co.uk
Amundi launches multi-strategy smart beta ETF
June 12, 2014--Amundi, Europe's fifth largest provider of exchange-traded funds, has announced the launch of the Amundi ETF Global Equity Multi Smart Allocation Scientific Beta UCITS ETF.
Listed on Euronext Paris, the fund offers exposure to a sophisticated multi-factor smart beta strategy with the liquidity and simplicity of an ETF.
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Source: etfstrategy.co.uk
DB Research-Europe-Synthetic Equity & Index Strategy-Europe Monthly ETF Market Review
June 11, 2014--European ETP Highlights
As of the end of May 2014, global ETP assets approached $2.41 trillion (€1.77
trillion) rising by $57.2bn for the month of May. European ETPs received
+€4.6bn of cash inflows. Equity exposed ETFs benefitted most by gathering
+€3.5bn, while fixed income products had yet another positive month
collecting +€1.4bn of cash in-flows. Commodity based ETFs listed in Europe
saw modest outflows of -€0.3bn
ETF flows show no clear trend in equity allocation
Our analysis suggests that investment in ETFs with equity exposure to be
distributed across North America, Europe and Emerging Markets, with no clear
preference for regions.
In the fixed income space, we continue to see investment being made into Emerging Market Government Bond indices as shown in our Top 10 monthly Fixed Income inflows on Figure 56. We also observed mixed flows among ETFs benchmarked to European Sovereigns likely due to the uncertainty of the extent of monetary policy easing at the ECB meeting on June 5th.
iShares to merge three US ETFs listed in Europe
iShares announced its plan to merge three European listed ETFs with exposure
to US equity markets to create a single large fund. The ETFs concerned are
iShares S&P 500 UCITS ETF (SACC LN), iShares Core S&P 500 UCITS ETF
(CSSPX SW) and MSCI USA Large Cap UCITS ETF (CSUSL SW). The newly
consolidated ETF will have assets under management of over €2.9bn and will
be competitively priced at 0.07% TER.
12 further db x-Trackers ETFs to convert to physical
Deutsche Asset & Wealth Management announced that 12 products will be
converted from synthetic replication to physical replication. The ETFs are
mostly with exposure to Asia Pacific region and has in aggregate
approximately €2.5bn of assets under management. The conversion will be
carried out between July 7th 2014 and December 31st 2014.
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Source: Deutsche Bank Research-Europe-Synthetic Equity & Index Strategy
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