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Deutsche Borse launches US Dollar hedged version of HDAX
August 19, 2014--Deutsche Börse today launched the HDAX Hedged USD Index, which measures the performance of the underlying HDAX while eliminating foreign currency fluctuations. The HDAX Index measures all 110 stocks listed in the DAX, MDAX and TecDAX indices, representing more than 95 percent of Germany's free-float market capitalization.
The HDAX Hedged USD Index can be used as an underlying for financial products or as a benchmark for active portfolios. The HDAX Hedged USD Index combines the performance of the underlying index with a hypothetical, rolling investment into one-month foreign exchange forward contracts. By selling foreign exchange forward contracts, market participants are able to lock in current exchange forward rates and manage their currency risk. Profits and losses from the forward contracts are offset by losses and profits in the value of the currency.
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Source: Deutsche Börse
Two new db x-trackers equity index ETFs launched on Xetra
ETFs provide access to S&P 500 Equal Weight and MSCI World Index
August 14, 2014--Two new db x-trackers from the ETF section of Deutsche Asset & Wealth Management have been tradable in the XTF segment on Xetra since Thursday.
ETF name: db x-trackers S&P 500 Equal Weight UCITS ETF (DR)
Asset class: equity index ETF
ISIN: IE00BLNMYC90
Total expense ratio: 0.25 percent
Distribution policy: non-distributing
Benchmark: S&P 500 Equal Weight Index
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Source: Xetra
Two new ETNs from Boost launched on Xetra
ETNs track the inverse performance of German and US government bonds
August 11, 2014--Two new ETNs issued by Boost have been tradable on Xetra since Friday. The new products refer to indices in the BNP Paribas Future index family and give investors access to the inverse performance of 1-month futures contracts on German and US government bonds with a leverage factor of three.
Additional returns are generated through interest revenue earned on the collateralised amount.
ETN name: Boost Bund 10Y 3x Short Daily ETP
Asset class: bond
ISIN: DE000A1ZLZB5
Management fee: 0.30%
Benchmark: BNP Paribas Bund Future Index
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Source: Xetra
Equity research undergoes big structural changes
August 11, 2014--The business of equity research is undergoing big structural change as a result of regulation, which is hitting at the investment banking model and playing into the hands of independent groups.
Last month the FCA endorsed European proposals that would stop banks from charging investors for research out of share dealing commissions.
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Source: FT.com
ESMA publishes translations of AIFMD guidelines
August 8, 2014--Today ESMA published the official translations of ESMA's guidelines on reporting obligations under Articles 3 and 24(1),(2) and (4) of the AIFMD (ESMA/2014/869).
Today's publication triggers a period of two months within which competent authorities subject to these guidelines have to notify ESMA of their compliance position.
view moreview ESMA's guidelines on reporting obligations under Articles 3 and 24(1),(2) and (4) of the AIFMD(ESMA/2014/869).
Source: ESMA
UK Official holdings of international reserves: July 2014
July 5, 2014--In summary, this month's release shows that in July 2014:
No intervention operations were undertaken.
Movements in reserves and levels of reserves were as follows:
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Source: HM Treasury
Almost 90% of UK active managers beat the stock market
August 3, 2014--Almost 90 per cent of UK active equity fund managers beat the UK stock market last year, according to S&P Dow Jones Indices.
The performance of UK managers was in marked contrast to their European rivals, where more than 60 per cent underperformed their benchmarks in 2013.
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Source: FT.com
ESMA publishes an update of its Guidelines on ETFs and other UCITS issues
August 1, 2014--This guidelines published today are an update of the guidelines originally published in 2012.
The new version of the guidelines modifies the original provision on diversification of collateral received by UCITS in the context of efficient portfolio management techniques and over-the-counter financial derivative transactions.
Today's publication triggers a period of two months within which competent authorities subject to these guidelines have to notify ESMA of their compliance position.
Turnover at Deutsche Boerse cash markets at 99.1 billion euros in July
August 1, 2014--Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at €99.1 billion in July (July 2013: €98.5 billion). Of the €99.1 billion, €91.3 billion were attributable to Xetra (July 2013: €90.9 billion). €4.1 billion were attributable to the Frankfurt Stock Exchange (July 2013: €4.1 billion).
Order book turnover on Tradegate Exchange* totalled approximately €3.7 billion in July (July 2013: €3.5 billion).
In equities, turnover reached about €86.3 billion on Deutsche Börse’s cash markets (Xetra: €81.1 billion, Frankfurt Stock Exchange: €1.8 billion, Tradegate Exchange: €3.3 billion). Turnover in bonds was €0.9 billion, and in structured products €1.3 billion. Order book turnover in ETFs/ETCs/ETNs amounted to €10.5 billion.
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Source: Deutsche Börse
The Joint Committee of the ESAs reminds financial institutions of their responsibilities when placing their own financial products with consumers
July 31, 2014--The Joint Committee of the ESAs reminds financial institutions of their responsibilities when placing their own financial products with consumers.
ESMA underlines risks from investing in contingent convertible instruments (CoCos).
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA) published a reminder to banks and insurance companies across the EU on the consumer protection requirements that apply to certain financial instruments they issue. In addition, ESMA highlighted specific risks posed to investors by contingent convertible instruments (CoCos).
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Source: ESMA
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