New SPDR bond index ETF launched on Xetra
ETF tracks corporate bonds denominated in pounds sterling
February 18, 2014--A new exchange-listed bond index fund issued by SPDR (State Street Global Advisors) has been tradable in the XTF segment on Xetra since Tuesday.
ETF name: SPDR Barclays 0-5 Year Sterling Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00BCBJF711
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Barclays 0-5 Year Sterling Corporate Bond Index
The new SPDR bond index ETF enables investors to participate in the performance of fixed-income corporate bonds denominated in British pounds.
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Source: Xetra
DB-Synthetic Equity & Index Strategy-Europe-ETF Research-European Weekly ETF Market Review
February 18, 2014--The most recent issue of the European Weekly ETF Market Review is now available.
view report
Source: Deutsche Bank-Synthetic Equity & Index Strategy-Europe
ESMA issues Q&A on application of AIFMD
January 17, 2014--The European Securities and Markets Authority (ESMA) published today Question and Answers (Q&As) on the Alternative Investment Fund Managers Directive (AIFMD). The purpose of this document is to promote common supervisory approaches and practices in the application of the AIFMD and its implementing measures.
It does this by providing responses to questions posed by the general public and competent authorities in relation to the practical application of the AIFMD.
The content of this document is aimed at competent authorities under AIFMD to ensure that in their supervisory activities their actions are converging along the lines of the responses adopted by ESMA. However, the answers are also intended to help AIFMs by providing clarity as to the content of the AIFMD rules, rather than creating an extra layer of requirements.
view the ESMA Q&A Application of the AIFMD
Source: ESMA
Lyxor Appoints Lionel Paquin as CEO
February 17, 2014--Lyxor Asset Management has announced the appointment of Lionel Paquin as CEO. He replaces in this position Inès de Dinechin who will leave the Group.
He joins as well the Management Committee of the Global Banking & Investor Solutions division.
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Source: Funds Society
Amundi and ERI Scientific Beta announce strategic partnership
February 17, 2014--Amundi, a leading European asset manager and provider of exchange-traded funds (ETFs), and ERI Scientific Beta, a smart beta index provider and affiliate of the EDHEC-Risk Institute, have announced a strategic partnership that will combine ERI Scientific Beta's expertise in the design of smart beta indices and Amundi's know-how in index replication and ETF construction.
The partnership will involve the construction of smart beta passive investment solutions and their promotion to a broad institutional client base.
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Source: www.etfstrategy.co.uk
Lyxor dismisses ETF sale speculation as CEO exits
February 14, 2014--Lyxor Asset Management has appointed Lionel Paquin as chief executive after another high profile exit revived rumours its exchange traded fund (ETF) business is up for sale.
Paquin replaces Ines de Dinechin, who leaves is leaving the Societe Generale-owned group, which controls some €75 billion (£61.7 billion) in assets under management.
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Source: CityWire
RNS Announcement-Boost Russell ETPs Name Change
February 14, 2014--With effect from 24 February 2014, the name of the Boost Russell 1000 3x Short Daily ETP Securities and the Boost Russell 1000 3x Leverage Daily ETP Securities will change as follows:
Current Name: Boost Russell 1000 3x Short Daily ETP
New Name:Boost US Large Cap 3x Short Daily ETP
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Source: Boost
Lyxor's diversification is a success
February 14, 2014--In releasing its results on 12 February 2014, Societe Generale provided for the first time a few more details on its specialized
asset management company, Lyxor Asset Management.
Lyxor is in good financial health. Its assets under management rose by 6% and +5 billion euros in 2013, to 80 billion euros
and its revenues were up 8.6%, thanks to positive inflows driven by the widening in its product range, particularly in 2013.
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Source: Societe Generale
EU watchdog calls for common derivatives definition
February 14, 2014--The European Union's markets watchdog has asked the bloc for an urgent definition of derivatives, two days after mandatory reporting of the financial contracts began.
The European Securities and Markets Authority (ESMA) said there is no common pan-EU definition for some foreign exchange and physically settled commodity derivatives, making it difficult to apply the bloc's new reporting rules.
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Source: Reuters
Euronext Monthly ETF Activity Report
February 14, 2014--Listings
In January, there were 4 new ETF listings on Euronext Paris-2 Lyxor ETFs, 1 EasyETF, and 1 Amundi ETF
At the end of January, Euronext's markets counted 658 listings of 568 ETFs from 17 issuers.
Trading activity
Average daily value traded on-book in January of €269.6 million, an increase of 16.3% vs December 2013, and up 18.3% vs January 2013.
Total value traded on-book amounted to €6.2 billion, an increase of 33.7% vs December 2013, and up 18.3% vs January 2013.
Average of 7,625 on-book trades (single-counted) executed daily last month, an increase of 16.4% vs December 2013, and up 23.6% vs January 2013.
Total of €1.14 billion exchanged in block trades in January, up 357.1% from the €249.5 million in December 2013, and up 35.7% vs January 2013.
Overall, block trade volume represented 18.4% of the total regulated market ETF trading activity on Euronext.
Assets Under Management (AUM)
At the end of January 2014, the combined AUM of all ETFs listed on Euronext's markets totalled €160.8 billion.
Market Quality
In January, 5 LPs took on responsibilities for 17 new LP contracts on 17 different ETFs:
Optiver expanded their current activity with a total of 11 ETFs: 8 Lyxor ETFs, 2 Amundi ETFs, and 1 iShares ETF.
BNP Paribas Arbitrage took the lead on the new Easy ETF and Amundi ETFs.
SG Securities took the lead on the new Lyxor ETFs.
Flow Traders added 1 Lyxor ETF to their list.
Goldenberg Hehmeyer started activity on 1 additional iShares ETF.
Median spread for all listed ETFs of 27.4 bps, an improvement of 31% vs December 2013 and up 9% vs January 2013.
23 Liquidity Providers currently active on ETFs.
view the EU Euronext Monthly ETF Report
view the US Euronext Monthly ETF Report
Source: NYSE Euronext
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