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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
Borsa Italiana-ETFstat October 2014
November 24, 2014--New Listing
In October 4 new ETFs and 19 new ETCs/ETNs were listed on ETFplus market
At the end of October2014 there were listed 917 instruments (668 ETFs and 249 ETCs/ETNs)
AUM
At the end of October 2014, the ETFs Asset Under Management (AUM) deposited in Italy set a new historical record reaching €33.28bn with a grow of 39.05% compared to October 2013
Inflows
During October 2014, the ETFs listed on ETFplus market set a total net inflow of €1.31bn ETF Listing Italy
view the view the Borsa Italiana Market Stats-October 2014
Source: Borsa Italiana
RBS admits European stress test blunder
November 23, 2014--The Royal Bank of Scotland has accepted that it got its sums wrong over the European Banking Authority stress tests last month.
Revised figures revealed Friday showed that instead of passing the test easily as initial results from the exercise showed, the state-owned RBS had narrowly scraped through and was the weakest performer among Britain's banks
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Source: EUbusiness
European markets watchdog examines closet trackers
November 23, 2014--The European markets watchdog is probing "closet tracking", which critics say is enabling fund managers to charge high active fees while in practice doing little more than hugging an index.
A letter from Steven Maijoor, chairman of the European Securities and Markets Authority, to consumer organisation Better Finance For All, seen by FTfm, said the regulator was "gathering more information to assess the scope of this issue".
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Source: FT.com
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