S&P revises Turkey's outlook to negative
February 9, 2014--Turkey's credit outlook was lowered to negative by Standard & Poor's, which pointed to smoldering political turmoil and risks of a hard economic landing casting doubts over the Turkish economy.
The change by the international credit rating agency came after a quarrel between the Turkish Central Bank and the government over raising interest rates to reverse the lira's fall.
Amundi launches ETF for US equity fund range view more Euronext Fund Service to launch in France view more Moscow Exchange launches an ETF on the MSCI China Index view more The Spanish Stock Exchange traded 74.8 bn.Euro in January, up 10.5Euro year on year
Equities
The number of trades in January reached a monthly record high, at 7.3 million, up 121% from the same month a year earlier. view more BME presents the book "Active Management of Fixed Income portfolios"
Mario Bass has held positions of responsibility in the area of private banking in the financial sector and is a professor in Instituto BME, the training division of BME, and in the Escuela de Finanzas Aplicadas. Emilio Rodriguez has developed his career in the treasury and capital markets areas in the financial sector and is a professor in Instituto BME and in the Centro de Estudios Garrigues. view more
HM Treasury-UK Official holdings of international reserves, January 2014 view the HM Treasury-UK Official holdings of international reserves, January 2014 Wednesday people roundup view more SIX Swiss Stock Exhange-ETF Quarterly Statistics-4th quarter 2013 view the SIX Swiss Stock Exhange-ETF Quarterly Statistics-4th quarter 2013 report Boost-Turmoil in EM calls for efficient hedging using short equity ETPs view more If you are looking for a particuliar article and can not find it, please feel free to contact us
February 7, 2014--Amundi Group's ETF division has expanded its US equity fund range and listed an exchange-traded fund on the NYSE Euronext in Paris.
Investors are now able to gain exposure to the small cap segment of the US equity market through the ETF, which tracks the Russell 2000 Net Total Return Index constituting the smallest 10% of stocks in the US market by market capitalisation.
Source: Portfolio Advisor
February 6, 2014--Euronext, a wholly owned subsidiary of IntercontinentalExchange Group (NYSE: ICE), welcomes the publication in France of the decree authorising active open-end funds to be admitted to trading on regulated markets or multilateral trading facilities.
Following this legislative change, Euronext will soon admit active open-end funds to trading on its regulated market in Paris. These will be available for trading on the Net Asset Value (NAV) Trading Facility. Euronext is working closely with asset managers and key market participants to develop this new service.
Source: NYSE Euronext
February 6, 2014--Moscow Exchange on 6 February launched trading in the FinEx MSCI China UCITS ETF (FXCN).
The ETF tracks the MSCI China Index, which comprises 138 Chinese securities. BNY Mellon will act as the custodian and administrator, while FINAM will be the market maker for the ETF. The fund's shares will be traded on Moscow Exchange's securities market in RUB.
Source: Moscow Stock Exchange
February 5, 2014--MONTHLY TRADING STATEMENTS FOR BME MARKETS
Fourth consecutive month of growth in trading volumes
THE SPANISH STOCK EXCHANGE TRADED €74.8 BILLION IN JANUARY, UP 10.5% YEAR ON YEAR
Monthly record high in the number of trades in January: 7.3 million, up 121% from the same month a year earlier
In January the trading volume in ETFs grew by a multiple of four from the same month in 2013
Derivatives trading in January was 5 million contracts, up 5.2% from the same month in 2013
Corporate Debt trading reached €90.8 billion in January, down 40.8% year on year. The trading volume and the number of trades increase on SEND and SENAF
The equity trading volume on the Spanish Stock Exchange in January was €74.8 billion, up 10.5% year on year, representing the fourth consecutive month of growth.
Source: BME
February 5, 2014--BME presented yesterday the book "Active management of Fixed Income portfolios: a practical approach", published as part of his collection "Estudios & Investigaciín". The book is aimed at professionals in portfolio management but is also geared to a wider public interested in gaining insight into the theoretical and practical aspects of Fixed Income management.
Its authors are the portfolio managers and finance professors Mario Bass and Emilio Rodriguez, who are currently working in the asset management division of the Bank of Spain.
Source: BME
February 5, 2014--This monthly press notice shows details of movements in January 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.
In summary,this month’s release shows that in January 2014: No intervention operations were undertaken. Movements in reserves and levels of reserves were as follows:
Source: HM Treasury
February 5, 2014--FinEx ETF -Martin Bednall has been appointed managing director of ETFs.
He was previously at BlackRock/iShares, where he was managing director of iShares Product. He has also worked at Barclays Global Investors and State Street.
Source: IP&E
February 4, 2014--Development of the ETF segment of SIX Swiss Exchange in the 4th quarter of 2013
In the 4th quarter of 2013, SIX Swiss Exchange posted an ETF trading turnover of CHF 20.9 billion. With CHF 11.2 billion, ETFs based on equities from developed regions made up approx. 53% of total turnover.
Commodities and precious metals contributed almost 15% of the total turnover for the ETF segment with
CHF 3.2 billion. In the fourth quarter of 2013, the selection increased by another 16 ETFs.
Source: SIX Swiss Exchange
February 4, 2014--Summary
US second QE tapering, contracting Chinese manufacturing and Eurozone bank stress have undermined confidence in risk assets and bolstered inflows into safe havens currencies and bonds
With Q4 earnings mixed in the US and downbeat in Europe, an uncertain outlook is expected to take hold of DM exporters and banks, hurting US, European and Japanese equity markets
Leveraged short positions may be considered by investors as a means to construct efficient hedges for their long equity market exposure
Investors who share this sentiment may consider the following short equity products from the Boost ETPs product platform
Source: Boost