Swiss & Global planning active ETF push
April 7, 2014--Swiss & Global plans an ambitious marketing campaign for its active exchange traded funds, aiming for an initial SFr2bn ($2.2bn) of inflows.
After securing listings on the Zurich bourse last week, the Swiss asset manager is also hoping to list the funds on the London Stock Exchange and to extend the range, first of all by adding a US equity fund.
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Source: FT.com
UK Official holdings of international reserves, March 2014
April 3, 2014---This monthly press notice shows details of movements in March in the UK's official holdings of international reserves, which consist of gold, foreign currency assets and International Monetary Fund assets.
These reserves are maintained primarily so that the UK Government’s reserves could be used to intervene to support Sterling, or the Bank of England's reserves could be used to support the Bank’s monetary policy objectives. If such interventions were to occur, then they would be shown and explained in this release. The Background Note at the end of this release explains more about the reserves, and about these statistics.
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Source: HM Treasury
Listing of Exchange Traded Notes issued by Skandinaviska Enskilda Banken AB
April 3, 2014--NASDAQ OMX Stockholm decides to officially list 14 Exchange Traded Notes issued by Skandinaviska Enskilda Banken AB with effect from 2014-04-04.
The instruments will be listed on STO Exchange Traded Notes.
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Source: NASDAQ OMX Stockholm
European Supervisory Authorities highlight cross-sectoral risks
April 2, 2014--European Supervisory Authorities highlight cross-sectoral risks The Joint Committee of the European Supervisory Authorities (ESAs) published today its third bi-annual report on risks and vulnerabilities in the European Union's (EU) financial system.
The report has identified a number of potential vulnerabilities and cross-sectoral risks to the stability of the European financial system including:
weak and uneven economic recovery;
uncertain outlook in a number of global emerging economies;
asset price imbalances and risks of a sharp adjustment;
increased search for yield in a protracted low interest rate environment;
conduct of business risks;
IT-related operational risks.
view the Joint Committe Report on Risks and Vulnerabilities in the EU Financial System March 2014
Source: ESMA
Turnover at Deutsche Borse's cash markets at 120.2 billion euros in March
April 1, 2014--Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at €120.2 billion in March (March 2013: €97.3 billion). Of the €120.2 billion, €110.1 billion were attributable to Xetra (March 2013: €89.6 billion). €5.1 billion were attributable to the Frankfurt Stock Exchange (March 2013: €4.3 billion).
Order book turnover on Tradegate Exchange* totalled approximately €5.0 billion in March (March 2013: €3.3 billion).
In equities, turnover reached €106.3 billion on Deutsche Börse’s cash markets (Xetra: €99.3 billion, Frankfurt Stock Exchange: €2.4 billion, Tradegate Exchange: €4.6 billion). Turnover in bonds was €1.0 billion, and in structured products €1.6 billion. Order book turnover in ETFs/ETCs/ETNs amounted to €11.1 billion.
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Source: Deutsche Börse
New approach for measuring counterparty credit risk exposures finalised by the Basel Committee
March 31, 2014--The Basel Committee has today published a final standard on the treatment of derivatives-related transactions in its capital adequacy framework.
The standardised approach for measuring counterparty credit risk exposures improves on existing non-modelled methodologies for assessing the counterparty credit risk associated with derivative transactions.
view the BIS The standardized approach for measuring
counterparty credit risk exposures
Source: BIS
First Russell Europe SMID 300 ETF launched on Xetra
New Source ETF tracks European small and mid-cap index
March 31, 2014--A new equity index fund from the ETF offering issued by Source has been tradable on Xetra since Monday.
ETF name: Source Russell Europe SMID 300 UCITS ETF
Asset class: equity index ETF
ISIN: IE00BJVD4K83
Total expense ratio: 0.35 percent
Distribution policy: non-distributing
Benchmark: Russell Europe SMID 300 Net Return Index
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Source: Xetra
First active ETFs tradable SIX Swiss Exchange is expanding its offering
investors can now trade in 11 active ETFs.
March 31, 2014--SIX Swiss Exchange has come up with a further innovation in the area of regulated on-exchange trading: with immediate effect, investors are able to trade in actively managed ETFs.
The first product provider is Swiss & Global Asset Management, who has initially listed 11 active ETFs. The new products track four MSCI Indices and offer investors an additional option for investing in the emerging markets, Asia and Europe regions, and worldwide, in the trading currencies CHF, EUR and USD.
Active, flexible, high-performance An active ETF aims to beat its benchmark and generate excess returns. The portfolio manager has a high level of flexibility and is able to react quickly to current market trends in order to exploit investment opportunities more effectively and profitably. The portfolio manager actively optimizes the composition of the fund on an ongoing basis by buying or selling selected equities or other securities. In an ideal scenario this leads to a double performance yield made up of an index and a product component.
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Source: SIX Swiss Exchange
db x-trackers II Barclays Global Aggregate Bond ETFs launched on Xetra
ETFs track global market for fixed-income bonds with investment-grade rating
March 28, 2014-- Two new db x-trackers bond index funds from the ETF section of Deutsche Asset & Wealth Management have been tradable in the XTF segment on Xetra since Friday.
The db x-trackers II Barclays Global Aggregate Bond UCITS ETF enables investors to participate in the performance of the global market for fixed-income bonds with investment-grade rating.
Bonds issued by entities whose probability of payment default has been deemed lower are awarded investment-grade ratings. The index comprises all bonds from the following three indices: U.S. Aggregate Index. Pan-European Aggregate Index and Asian-Pacific Aggregate Index.
ETF Name: db x-trackers II Barclays Global Aggregate Bond UCITS ETF
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Source: Xetra
ComStage MDAX ETF launched on Xetra
ETF tracks medium-sized German companies from traditional industrial sectors
March 27, 2014-- A new equity index fund issued by ComStage has been tradable on Xetra since Thursday.
ETF name: ComStage MDAX(R) TR UCITS ETF
Asset class: equity index ETF
ISIN: LU1033693638
Total expense ratio: 0.30 percent
Distribution policy: non-distributing
Benchmark: MDAX
The ComStage MDAX TR UCITS ETF enables investors to participate in the performance of the MDAX benchmark index. This performance index calculated by Deutsche Börse contains 50 medium-sized German stock corporations, as well as foreign companies from traditional industrial sectors operating primarily in Germany.
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Source: Xetra
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