DB-Synthetic Equity & Index Strategy-Europe ETF+ Quarterly Directory -Q4 2013 ETPs
January 21, 2014--The updated version of the European ETP directory. This document includes all European domiciled exchange-traded funds (ETFs) and exchange-traded commodities (ETCs).
The directory is organised by asset class and it has been sorted by benchmark exposure and by ETF issuer, in alphabetical order. A number of key information per product have been included in order to enable the reader to get an overview in their respective area of interest.
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Source: Deutsche Bank-Synthetic Equity & Index Strategy-Europe
Boost Research-Risk-on sentiment has legs: equities are still good value relative to bonds
January 21, 2014--Summary
Equities are still good value. According to Boost's Market Model (see Appendix for full explanation), equities are still trading close to fair value relative to current bond yields
Previous equity market cycles show that substantial overvaluation relative to bonds is needed to trigger a sell off. Given current valuations, that is far from being the case
Bullish sentiment in broad equity markets may continue even with further modest bond yield increases. Safe haven assets could continue to come under further pressure
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Source: Boost
Comment: It's the ETF marketplace that is not yet fit for purpose
Problem is not the product says Mark Hemsley of Bats Chi-X Europe
January 20, 2014--In the global hunt for return, you would be forgiven for thinking that investors around the world would be united in their appetite for low-cost, transparent solutions that generate income, particularly if they could pay lower management fees.
But a cursory glance at the global exchange traded funds market suggests that this is not the case.
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Source: FT.com
Borsa Italiana: ETFstat December 2013
January 20, 2014--Listings
In December 6 new ETFs and 4 new ETCs were listed bringing to 125 the number of new instruments listed on ETFplus market in 2013 (110 ETFs and 15 ETCs/ETNs).
At the end of December 2013 there were listed 835 instruments (658 ETFs and 177 ETCs/ETNs)
Trading
Borsa Italiana in 2013 has confirmed its leadership in Europe' for number of trades on eletronic platform in ETFs, the ranking has been lead since 2005
Also in December Borsa Italiana was the second European Exchange* for on book turnover with a market share of 16,59%, up by 15,08% compared to December 2012
AUM
At the end of 2013, the Asset Under Management (AUM) deposited in Italy set a new historical record reaching 26.725 bn of Euros (24.838 bn of Euros for ETFs and 1.887 for ETCs) with a grow of 28.97% compared to the end of 2012
Inflows
During 2013, the ETFs listed on ETFplus market set a total net inflow of 5.616 bn of Euros, representing the 31.40% of total European inflows
view the Market Statistics view the Details for each instrument Eurex introduces new index derivatives view more Derivative-linked Ucits to stay 'non-complex' view more
EU Weighs Ban on Proprietary Trading at Some Banks From 2018 view more Deutsche Bank Withdraws From Gold Fixing in Commodities Cuts (1) view more Hargreaves Lansdown: the new charges view more Europe's first physical replication CSI300 ETF launched on Xetra view more If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: Borsa Italiana
New futures and options based on ATX and other Eastern European indices/ Launch on 10 February 2014
January 20, 2014--The international derivatives market Eurex Exchange will offer four new index derivatives as of 10 February 2014.
The market introduction of futures and options on the ATX(R),ATX(R) five,CECE(R) EUR and RDX(R) EUR indices is based on the licence agreement with Wiener Börse AG,which was signed in October 2013.
Source: Eurex
January 19, 2014--Retail investors will not be required to seek financial advice before buying funds that make use of derivatives, such as absolute return funds, following an agreement in the European Parliament last week.
Some parliamentarians had been pressing for derivative-linked Ucits funds to be classified as "complex" as part of the second Markets in Financial Instruments Directive (Mifid II), the wide-ranging reforms of European securities markets that were finalised on Wednesday.
Source: FT.com
January 17, 2014--The largest banks in the European Union would face a "narrowly" defined ban on proprietary trading from 2018 under draft plans by Michel Barnier, the EU's financial services chief.
Regulators would also have until then to gauge whether some banks should split off their trading activities into separately capitalized units, according to the European Commission document obtained by Bloomberg News.
Source: Bloomberg Businessweek
January 17, 2014--Deutsche Bank AG (DBK) will withdraw from participating in setting gold and silver benchmarks in London after Europe's top investment bank joined JPMorgan Chase & Co. and Morgan Stanley in cutting back on commodities.
The German bank will sell its gold and silver fixing membership and stop submitting gold forward offered rates, according to a person familiar with the decision, who asked not to be identified because the information isn’t public. The move comes a month after the Frankfurt-based lender said it will cut about 200 jobs in raw materials.
Source: Bloomberg Businessweek
The broker's sweeping changes to the way it charges investors will leave some worse off
January 16, 2014--Hargreaves Lansdown, Britain's biggest investment shop, ushered in a number of new fees when it unveiled its new charging structure this morning.
The scale and detail of the changes-which are communicated in a 47-page booklet and include alterations to account holders' terms and conditions- will make it difficult for savers to quickly appreciate how their individual holdings will be affected
Source: The Telegraph
Deutsche Börse European market leader in China ETF trading
January 16, 2014--Effective Thursday, the db X-trackers Harvest CSI300 Index UCITS ETF (DR) enables European investors to participate for the first time in the performance of the Chinese CSI300 Index via physical replication. The ETF was issued by Deutsche Asset & Wealth Management together with Harvest Global Investments.
The new ETF provides investors with direct access to the 300 largest Chinese A-shares in terms of market capitalisation and liquidity. These equities are listed on the Shanghai and Shenzhen stock exchanges and can only be purchased by foreign investors under certain conditions. Hong Kong-based Harvest Global Investments has the required RQFII (renminbi qualified institutional investor) authorisation, which means the ETF can invest directly in A-class equities
Source: Deutsche Börse