Source GS EFI World ETF launched on Xetra
May 28, 2014--A new equity index fund from the ETF offering issued by Source has been tradable on Xetra since Wednesday.
ETF name: Source Goldman Sachs Equity Factor World UCITS ETF
Asset class: equity index ETF
ISIN: DE000A1XES75
Total expense ratio: 0.65 percent
Distribution policy: non-distributing
Benchmark: Goldman Sachs Equity Factor Index World NTR USD Index
The Source Goldman Sachs Equity Factor World UCITS ETF enables investors to participate for the first time in a strategy approach based on these five stock-picking factors: size, value, momentum, quality and low beta.
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Source: Xetra
Invesco PowerShares hires head of Distribution from iShares
May 28, 2014--Global provider of exchange-traded funds (ETFs) Invesco PowerShares has appointed Caroline Baron as head of Invesco PowerShares ETF Distribution UK.
Baron's appointment is part of the ongoing programme from the provider of Intelligent ETFs to expand its team in Europe.
Baron, who will be responsible for driving Invesco PowerShares' distribution strategy in the UK, joins from iShares, Blackrock in London.
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Source: Investment Europe
Business Climate Indicator increased slightly in May
May 28, 2014--In May 2014 the Business Climate Indicator (BCI) for the euro area increased slightly by 0.09 points to +0.37. Managers' evaluation of the past production improved markedly, while production expectations, overall order books and export order books booked more moderate increases.
Managers' views on stocks of finished products remained broadly unchanged.
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Source: Europa
China's E Fund teams with ETFS for mainland ETF
May 27, 2014--China's E Fund Management has joined hands with UK-based ETF Securities to launch a London-and Europe-listed exchange traded fund investing in domestically listed Chinese equities.
The ETFS-E Fund MSCI China A Go Ucits ETF, which made its debut last week on the London Stock Exchange, Deutsche Börse’s Xetra platform and Euronext, tracks A-shares, or domestic stocks traded on the Shenzhen or Shanghai stock exchanges but available to foreign investors only through government quota systems.
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Source: FT.com
South East Europe Climbs Slowly Out of Recession, says World Bank
May 26, 2014--South East Europe's (SEE6[1]) economy began recovering from the 2012 recession, growing by 2.2 percent on average in 2013, according to the World Bank's latest South East Europe Regular Economic Report (SEE RER).
Looking ahead, the report says the region is projected to grow at 1.9 percent in 2014 and 2.6 percent in 2015 thanks to growing external demand, but significant risks cloud the outlook, including the expected impact of recent flooding in the region.
Severe floods, in particular in Bosnia and Herzegovina and in Serbia, which occurred in mid-May due to unprecedented rains, have caused a humanitarian crisis with dozens of people dead and millions displaced or left without access to water or power. Housing, crops and livestock have been lost, and major transportation links have been disrupted. The floods will undoubtedly have a negative impact on growth in 2014, though it is too early to measure the full impact. Assessments of damage and reconstruction needs are being launched as initial relief operations continue.
view the outh East Europe Regular Economic Report-Brittle Recovery
view theInfographic: SEE6 Unemployment Facts & Figures
Source: World Bank
Nasdaq OMX Launches Weekly Options on Swedish Shares
May 23, 2014--NASDAQ OMX announces that trading in weekly options on Swedish shares starts on NASDAQ OMX Stockholm on May 26.
The introduction of weekly single stock options is an extension of the successful weekly index options offering that NASDAQ OMX launched in 2012, and that today represent around 5 percent of the total Swedish index options volumes.
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Source: NASDAQ OMX
Source and CSOP offer Chinese A-shares on Xetra
May 23, 2014--Source and Hong Kong-based CSOP Asset Management ("CSOP") are pleased to announce the launch of a Euro trading line for the CSOP Source FTSE China A50 UCITS ETF, on Deutsche Börse Xetra.
The ETF was the first in Europe to offer direct exposure to China A shares and has gathered assets of over US$360 MN since its launch in January 2014.
A shares are shares of Chinese companies, listed on mainland Chinese exchanges and denominated in Chinese renminbi (RMB). The market comprises around 1400 companies and is widely viewed as the most authentic Chinese equity market. It represents almost 4% of the global equity market but has been difficult to access, particularly for smaller investors.
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Source: Source
First ETF on FTSE China A50 Index launched on Xetra
New Source ETF enables access to A-shares of the 50 largest Chinese companies
May 23, 2014--Since Friday, investors have for the first time been able to participate directly in the performance of the FTSE China A50 Index with the CSOP Source FTSE China A50 UCITS ETF.
The index comprises the 50 largest Chinese companies in terms of market capitalisation that are listed with A-shares on the stock exchanges in Shanghai and Shenzhen. Source launched the ETF together with CSOP Asset Management (Hong Kong). The cooperation with CSOP enables the index to be physically replicated using the Renminbi Qualified Foreign Institutional Investor (RQFII) quota regulation.
The CSOP Source FTSE China A50 UCITS ETF is denominated in renminbi and is available to investors in the trading currency EUR for the first time on Xetra.
ETF name: CSOP Source FTSE China A50 UCITS ETF
Asset class: equity index ETF
ISIN: DE000A1XES83
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Source: Deutsche Börse
Discussion Paper on MiFID II/MiFIR
May 22, 2014--Who should read this paper?
This document will be of interest to all stakeholders involved in the securities markets. It is primarily of interest to competent authorities and firms that are subject to MiFID II and MiFIR-in particular, investment firms and credit institutions performing investment services and activities.
This paper is also important for trade associations and industry bodies, institutional and retail investors and their advisers, and consumer groups, as well as any market participant because the MiFID II and MiFIR requirements seek to implement enhanced provisions to ensure investor protection and the transparency and orderly running of financial markets with potential impacts for anyone engaged in the dealing with or processing of financial instruments.
view the Discussion Paper-MiFID II/MiFIR
Source: ESMA
Statistics: Forecasts for the UK economy: May 2014
May 22, 2014--Forecasts for the UK economy is a monthly comparison of independent forecasts.
view the Forecasts for the UK economy: a comparison of independent forecasts
Source: HM Treasury
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