IMF-France: Selected Issues paper
July 3, 2014--THE DRIVERS OF BUSINESS INVESTMENT IN FRANCE: REASONS FOR RECENT WEAKNESS
Introduction
1. While the resilience in private consumption has supported domestic spending in France during the crisis, business investment remains a substantial drag on growth.
In 2013, private consumption was 2.5 percent higher than its pre-crisis level whereas business investment was still 9 percent lower than its pre-crisis peak.
2.This paper reviews business investment patterns in France during the crisis. The main motivation is to explore whether investment has recently evolved in line with established determinants or displayed somewhat unconventional dynamics. We address three distinct questions.
First, has recent investment behavior essentially been consistent with past trends or is there any discernible structural break as a result of the crisis? Second, what drove the contraction in investment during the crisis? Third, what is the investment outlook and can we expect a swift and
strong rebound going forward?
view the IMF-France: Selected Issues paper
Source: IMF
UK Official holdings of international reserves: June 2014
July 3, 2014--The UK official holdings of international reserves-June 2014 is now available
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Source: HM Treasury
UBS lists continental Europe and UK mid-cap equity ETFs
July 2, 2014--UBS Global Asset Management, a leading European provider of exchange-traded funds, has listed two new ETFs on the London Stock Exchange: the UBS MSCI Europe ex-UK UCITS ETF (UC77) and the UBS FTSE 250 UCITS ETF (UC78).
The physically replicated funds provide exposure to continental European equities and UK mid-caps via the MSCI Europe ex UK and FTSE 250 indices, respectively.
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Source: etfstrategy.co.uk
IMF-Russian Federation: Selected Issues
July 1, 2014--Summary: Russia's trend growth is volatile. The transition from a centrally planned to a market economy started in 1991, hence time series are relatively short compared to other countries.
The size and depth of structural reforms during the 1990's, the financial crisis and default in 1998, followed by the oil boom in the 2000's, and subsequent GFC, make identification of a stable "long run" growth trend a very hard task. Hence, it is complicated to pin down an accurate estimate of potential growth and the output gap.
view the IMF-Russian Federation: Selected Issues report
Source: IMF
Turnover at Deutsche Borse's cash markets at 93.7 billion euros in June
July 1, 2014--Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at &euro93.7 billion in June (June 2013: &euro102.5 billion). Of the &euro93.7 billion, &euro86.2 billion were attributable to Xetra (June 2013: &euro95.3 billion). &euro3.9 billion were attributable to the Frankfurt Stock Exchange (June 2013: &euro4.2 billion). Order book turnover on Tradegate Exchange* totalled approximately &euro3.6 billion in June (June 2013: &euro3.0 billion).
In equities, turnover reached &euro81.9 billion on Deutsche Börse's cash markets (Xetra: &euro77.1 billion, Frankfurt Stock Exchange: &euro1.6 billion, Tradegate Exchange: &euro3.2 billion). Turnover in bonds was &euro1.1 billion, and in structured products &euro1.0 billion. Order book turnover in ETFs/ETCs/ETNs amounted to &euro9.0 billion.
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Source: Deutsche Börse
Two new SPDR ETFs launched on Xetra
ETFs based on US stock corporations
July 1, 2014-- Two new equity index funds from the ETF offering issued by SPDR (State Street Global Advisors) have been tradable in the XTF segment on Xetra since Tuesday.
ETF Name: SPDR Russell 3000 U.S. Total Market UCITS ETF
Asset class: equity index ETF
ISIN: IE00BKY7WX37
Total expense ratio: 0.25 percent
Distribution policy: non-distributing
Benchmark: Russell 3000 Index
ETF Name: SPDR Russell 2000 U.S. Small Cap UCITS ETF
Asset class: equity index ETF
ISIN: IE00BJ38QD84
Total expense ratio: 0.30 percent
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Deutsche Asset & Wealth Management has listed its exchange-traded fund (ETF) providing exposure to Germany's famous 'Mittelstand' companies on the London Stock Exchange. view more Source lists 16 ETPs on LSE Source has also announced a cut on the fees of the Source S&P 500 ETF to 0.05 per cent, down from 0.20 per cent. view more
UBS AM lists FTSE250 & MSCI Europe ETFs on LSE view more If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: Xetra
July 1, 2014--HSBC has launched the first of a range of 'smart beta' ETFs, giving investors exposure to one of its own tailored global benchmarks.
The ETF tracks HSBC's Economic Scale Index Worldwide, a customised index where the weightings are calibrated to reflect the economic footprint of its constituents, rather than their market caps
Source: Investment Week
July 1, 2014--Deutsche Asset & Wealth Management has listed its exchange-traded fund (ETF) providing exposure to Germany's famous 'Mittelstand' companies on the London Stock Exchange.
db x-trackers Mittelstand & MidCap Germany UCITS ETF (DR)1 initially listed in Germany in March of this year, but with its London listing is now readily accessible for UK investors.
German Mittelstand companies are small and medium-sized enterprises that are typically known for their concentration on niche market segments, for having a long-term business development outlook with close ties between the founder, or founding family, the management and the company, and often with international product distribution. All companies in the index tracked by the ETF are listed and are therefore not privately owned
Source: Deutsche Asset & Wealth Management
July 1, 2014--Exchange traded fund provider Source has listed 16 of its ETFs and ETCs on the London Stock Exchange.
The Sterling-based funds include sector-specific products offering exposure to particular sectors of the S&P 500.
Source: fundweb.co.uk
July 1, 2014--UBS Global Asset Management has listed two new ETFs on the London Stock Exchange, providing exposure to UK mid-caps and continental European equities.The UBS ETF-FTSE 250 UCITS ETF and the UBS ETF-MSCI Europe ex-UK UCITS ETF are being launched in response to client demand.
Both are Luxembourg-domiciled, UCIT-compliant funds, providing physical replication of the indices they track. Both these ETFs are distributing share classes.
Source: FTSE Global Markets