Provision of deficit and debt data for 2013- first notification
April 23, 2014--Euro area and EU28 government deficit at 3.0% and 3.3% of GDP respectively
Government debt at 92.6% and 87.1%
In 2013, the government deficit1 of both the euro area2 (EA18) and the EU282 decreased in absolute terms
compared with 2012, while the government debt1 rose in both zones.
In the euro area the government deficit to GDP ratio decreased from 3.7% in 2012 to 3.0% in 2013, and in the EU283 from 3.9% to 3.3%. In the euro area the government debt to GDP ratio increased from 90.7% at the end of 2012 to 92.6% at the end of 2013, and in the
EU283 from 85.2% to 87.1%.
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Source: Eurostat
Deutsche: switch to physical ETFs paying off
April 20, 2014--The exchange traded fund arm of Deutsche Asset & Wealth Management says strong inflows into its products during the last few months show its decision to convert 18 synthetic products to physical replication was the "correct strategy".
Europe's second largest ETF provider by assets, announced last week that it had completed the process of converting 18 of its largest ETFs from synthetic to physical replication.
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Source: FT.com
BlackRock challenges UK pension providers
April 18, 2014--BlackRock, the world's largest asset manager, is to swoop into Britain's pensions market mounting an aggressive challenge to UK life insurers after concluding that government reforms could lead to the collapse of the annuities market.
It is the first clear signal the world's largest fund management groups are preparing to take on a market from which they were in effect barred until reforms announced in the Budget in March.
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Source: FT.com
First db x-trackers ETF on Indonesian government bonds launched on Xetra
April 17, 2014--A new db x-trackers bond index fund from the ETF section of Deutsche Asset & Wealth Management has been tradable in the XTF segment on Xetra since Thursday.
ETF name: db x-trackers II Markit iBoxx ABF Indonesia Government UCITS ETF
Asset class: bond index ETF
ISIN: LU0378818214
Total expense ratio: 0.40 percent
Distribution policy: non-distributing
Benchmark: Markit iBoxx ABF Indonesia Government TR Index
The db x-trackers II Markit iBoxx ABF Indonesia Government UCITS ETF enables investors to participate for the first time in the performance of debt instruments issued by the Indonesian government.
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Source: Xetra
Regulation on securities settlement and on Central Securities Depositories in the EU ('CSD Regulation')-Frequently Asked Questions
April 16, 2014--The CSD Regulation aims to harmonise both the timing and conduct of securities settlement in Europe and the rules governing Central Securities Depositories (CSDs) which operate the infrastructures enabling settlement.
With regard to settlement, the CSD Regulation harmonises timing and discipline of securities settlement in the EU.
It creates, for the first time at European level, a common authorisation, supervision and regulatory framework for CSDs.
2. What is settlement?
Any trade in securities on or off a trading venue is followed by a post-trade flow of processes, including for example confirmation of the trade details by a trading venue or clearing by a central counterparty (CCP), leading to the settlement of the trade, which means the delivery of securities to the buyer against the delivery of cash to the seller. Settlement may occur on the day of the trade, but more often a number of days later depending on the type of securities, the type of trading venue, or the type of market concerned.
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Source: Europa
European Parliament adopts financial markets rules
April 16, 2014--The European Parliament adopted new rules Tuesday to tighten the regulation of financial markets in order to stop rampant speculation, including on foodstuffs.
The European Union's Financial Markets Commissioner Michel Barnier first pushed for the new rules, known as MiFID II, in 2011 at the height of the eurozone debt crisis and in the wake of the global economic meltdown.
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Source: EUbusiness
DeAWM completes move to become one of Europe's largest providers of physical ETFs
April 16, 2014--Deutsche Asset & Wealth Management (DeAWM) has become one of Europe's largest providers of direct, physical replication exchange traded funds (ETFs) following the completion of an ambitious programme to switch 18 db X-trackers equity ETFs from synthetic to physical replication, as well as the launch of several new direct replication offerings.
Assets under management (AUM) in db X-trackers direct, physical replication ETFs now sit at approximately €11bn, making DeAWM the second biggest provider of physical ETFs in Europe (Source: Deutsche Bank, 31 March 2014). Investors now have access to over 30 physical replication db X-trackers ETFs.
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Source: Deutsche Asset & Wealth Management (DeAWM)
Amundi bidding to break into UK market
April 16, 2014--French fund giant Amundi has unveiled plans to launch five products aimed at discretionary managers and multi-managers in a bid to establish its brand in the UK.
The group plans to roll out the products on retail platforms once it has gained traction with professional buyers, head of UK distribution Jerry Devlin said.
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Source: FT.com
Forecasts for the UK economy: a comparison of independent forecasts
April 16, 2014--Forecasts for the UK economy is a monthly comparison of independent forecasts.
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Source: HM Treasury
BOOST ETP's AUM reaches a record $97 million as Investors' Bearish Sentiment in Natural Gas Continues
April 16, 2014--BOOST ETP's AUM has increased by 130% from the beginning of the year with the largest inflows YTD seen into Boost Natural Gas 3x Short Daily ETP (3NGS) ($28 million)
The trend in BOOST ETP's AUM has been matched by rising trading volumes and improving spreads, with BOOST ETPs trading over $200 million in the LSE and Borsa Italiana in March
AUM in all short & leveraged ETPs traded globally reached a record $62 billion at the end of March, following a month of net inflows, with turnovers reaching a 3 year high of $200 billion
BOOST ETP, Europe's award winning, specialist short and leverage (S&L) Exchange Traded Product (ETP) provider is proud to announce that it’s AUM has reached a record of $97 million, led by recent inflows into short & leveraged ETPs tracking natural gas and FTSE 250. BOOST's AUM has increased 130% since January 2014 and 450% over the past 12 months.
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Source: Boost
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