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ECB-Monetary developments in the euro area: January 2022
February 25, 2022--Annual growth rate of broad monetary aggregate M3 decreased to 6.4% in January 2022 from 6.9% in December
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 9.0% in January from 9.8% in December.
Annual growth rate of adjusted loans to households stood at 4.3% in January, compared with 4.2% in December
Annual growth rate of adjusted loans to non-financial corporations stood at 4.4% in January, compared with 4.3% in December
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Source: ecb.europa.eu
Global and Domestic Challenges Weigh on Outlook for Turkish Economy in 2022
February 25, 2022--Turkey's economy is likely to expand at a much slower pace this year as rising domestic macroeconomic and financial challenges moderate growth in 2022 following an unexpectedly strong economic growth in 2021, says the latest edition of the World Bank's Turkey Economic Monitor report, released today.
Frequent changes in the monetary policy setting, epitomized by a series of interest rate cuts since last September, sent the Lira dropping to historic lows and inflation soaring to record highs. While exports boomed in 2021, these challenges have eroded real incomes for the poorer households. The COVID-19 pandemic added to the problem, and negatively impacted poverty reduction.
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Source: worldbank.org
New Active ETF from First Trust on Xetra: global companies with sustainability focus and capital strength
February 23, 2022--Since Wednesday, a new Active ETF issued by First Trust is tradable on Xetra and Börse Frankfurt.
The First Trust Global Capital Strength ESG Leaders UCITS ETF offers investors the opportunity to participate in the performance of companies from the MSCI ESG Index through an active investment strategy.
Using the "capital strength method", around 50 large and medium-sized companies from industrialised and emerging countries are selected that have good capitalisation and strong balance sheets. In addition, the companies have a high ESG performance relative to comparable companies.
The main constituents are companies from the industrial, financial, and healthcare sectors as well as the consumer staples sector.
Companies that do business in alcohol, tobacco, gambling, nuclear energy, and weapons are excluded.
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Source: Xetra
New stock index ETF issued by Xtrackers on Xetra: access to sustainable US companies with currency hedging
February 22, 2022--A new exchange-traded fund issued by Xtrackers has been tradable on Xetra and Börse Frankfurt since Tuesday.
The Xtrackers MSCI USA ESG Screened UCITS ETF- EUR Hedged offers investors the opportunity to participate in the performance of large and medium-sized companies based in the USA.
Only companies that are part of the MSCI USA index and meet ESG criteria are considered.
Companies from controversial sectors such as arms production, tobacco and coal industries are excluded. The same applies to companies that violate the principles of the United Nations Global Compact.
Currency risks to the euro are minimised.
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Source: Xetra
IMF Country Focus-UK Economy Rebounding Amid Growing Inflationary Pressures
February 23, 2022--Thanks to a rapid vaccination campaign and highly accommodative policies, the United Kingdom's economic recovery has proceeded faster than expected. The near-term growth outlook remains strong-but so too are inflationary pressures.
Monetary policy will need to tighten steadily to anchor inflation expectations and bring inflation back to target.
Careful communication to counter expectations of a long cycle of rate hikes and high borrowing costs would help reduce the drag on growth in 2023. Fiscal policy could support this tightening cycle if planned consolidation was brought forward slightly.
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Source: IMF
ECB-Euro area investment fund statistics: fourth quarter of 2021
February 18, 2022--TIn fourth quarter of 2021, outstanding amount of shares/units issued by investment funds other than money market funds rose to &euro:16,258 billion, up &euro:691 billion on previous quarter
Net issues in quarter amounted to &euro:119 billion, with &euro:1,337 billion in gross issues and &euro:1,218 billion in gross redemptions
Outstanding amount of shares/units issued by money market funds rose to &euro:1,452 billion, up &euro:112 billion on previous quarter
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Source: ECB
Fidelity launches physical bitcoin ETP in Europe
February 17, 2022--The fund is listed on Frankfurt's Xetra and is set to start trading on Zurich's Six in the coming weeks
Fidelity International has launched a physical bitcoin exchange traded product in response to a growing demand for digital assets among European investors.
The product launch comes three months after Invesco brought its own bitcoin ETP to the market amid a growing willingness by large asset managers to enter the cryptocurrency arena.
Fidelity's Physical Bitcoin ETP, which will be available to professional and institutional investors in Europe, is domiciled in Germany and listed on Xetra in Frankfurt.
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Source: ft.com
New Commodity ETF issued by Xtrackers on Xetra
February 16, 2022--Commodity basket excluding agriculture and livestock
A new exchange traded fund issued by Xtrackers has been tradable on Xetra and B&oum;rse Frankfurt since Wednesday.
With the Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF, investors can participate in the performance of a diversified basket of longer-term commodity futures.
The basket consists of commodities from the energy sector as well as precious and industrial metals.
These are the following individual commodities: mineral oil (crude and heating oil), gas oil, natural gas, gold and silver, aluminium, copper, nickel, and zinc. Commodities from the agricultural and livestock sectors are excluded.
The weighting of the individual commodities is based on liquidity criteria and economic factors. Only one individual commodity component may reach the maximum weighting of 30 per cent.
Name: Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF
Asset class: Commodity-ETF
ISIN: LU0460391732
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Source: Xetra
ESMA warns consumers of risk of significant market corrections
February 15, 2022--February 15, 2022--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, today publishes the first Trends, Risks and Vulnerabilities (TRV) Report of 2022 and, in its outlook for 2022, continues to see high risks to institutional and retail investors of further, possibly significant, market corrections.
The pandemic's resurgence at the end of 2021 and an uncertain economic and monetary policy outlook are leading market participants to revisit their growth and market expectations. Going forward, we continue to see high risks to investors of further-possibly significant-market correctionsas markets remain nervous and geopolitical tensions are rising.
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Source: ESMA
First crypto ETN launched by Fidelity on Xetra Physically backed ETN tracks performance of Bitcoin
February 15, 2022--Since Tuesday, a crypto ETN issued by Fidelity has been tradable on Xetra and Börse Frankfurt for the first time.
The Fidelity Physical Bitcoin ETP gives investors simple and efficient access to the performance of Bitcoin, the largest cryptocurrency by market capitalisation.
The ETN is physically backed by Bitcoin and listed in the Regulated Market of the Frankfurt Stock Exchange.
Name: Fidelity Physical Bitcoin ETP
Asset class: Crypto ETN
ISIN: XS2434891219
Ongoing charges: 0.75 per cent
Reference price: Bitcoin
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Source: Xetra