Pimco Offers First Actively-Managed Covered Bond ETF With Source
January 13, 2014--Pacific Investment Management Co. has joined with London-based exchange-traded products provider Source UK Services Ltd. to offer the first actively-managed ETF focused on covered bonds.
Kristion Mierau, head of Pimco's European covered bond portfolio management team, runs the Pimco Covered Bond Source UCITS ETF, according to a statement on Source's website. The fund is traded on Deutsche Boerse and has a first year annual management fee of 0.38 percent to be paid monthly.
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Source: BusinessWeek
Amendments to Basel III's leverage ratio issued by the Basel Committee
January 12, 2014--The Basel Committee has today issued the full text of Basel III's leverage ratio framework and disclosure requirements following endorsement on 12 January 2014 by its governing body, the Group of Central Bank Governors and Heads of Supervision (GHOS).
A consultative version of the leverage ratio framework and disclosure requirements was published in June 2013. After carefully considering comments received and thoroughly analysing bank data to assess potential impact, the Committee adopted a package of amendments, which pertains to the leverage ratio's exposure measure. These technical modifications to the June 2013 proposals relate to:
view the Basel III's leverage ratio framework and disclosure requirements
Source: BIS
Outflows blight BNP Paribas' fund business
January 12, 2014--French fund giant BNP Paribas has suffered four dismal years of outflows and is banking
on a structural overhaul to restore investor appetite..
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Source: FT.com
iSTOXX(R) Efficient Capital(R) Managed Futures 20 Index December 2013 -Monthly Report & Commentary
January 9, 2014--The iSTOXX(R) Efficient Capital(R) Managed Futures 20 Index December 2013-Monthly Report & Commentary.
view the report
Source: Stoxx
UBS lists four new sterling hedged ETFs
January 9, 2014--UBS Global Asset Management has listed four new sterling hedged exchange traded funds (ETFs) on the London Stock Exchange.
The new funds track the MSCI Australia and MSCI USA indices and are available in both distributing and accumulating share classes.
The four new ETFs are the UBS ETF (IE) MSCI Australia hedged GBP UCITS A-dis, the UBS ETF (IE) MSCI Australia hedged GBP UCITS A-acc, the UBS ETF (IE) MSCI USA hedged GBP UCITS A-dis and the UBS ETF (IE) MSCI USA hedged GBP UCITS A-acc.
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Source: Interactive Investor
China ETFs launch in London
January 9, 2014--Exchange traded fund providers are lining up to participate in the liberalisation of China's capital markets and the UK government's efforts to strengthen financial ties with Beijing.
Source, the London based manager, has already raised $230m ahead of the launch of its China A shares ETF on the London Stock Exchange on Thursday, while Deutsche Asset and Wealth Management is currently fundraising for a rival product that will start trading on the LSE and Deutsche Börse on January 16.
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Source: FT.com
First China A Shares ETF lists on London Stock Exchange
CSOP Source FTSE China A50 UCITS ETF starts trading on London Stock Exchange
New ETF linked to FTSE China A50 Index
Reflects growing investor demand for access to one of the world's largest and fastest expanding economies
Reinforces London Stock Exchange's position as a leading venue for ETF trading
FTSE is a leading provider of equity indices focused on the Chinese market
January 9, 2014--London Stock Exchange today welcomes the CSOP Source FTSE China A50 UCITS ETF to list in London. Launched in partnership by CSOP Asset Management and Source,
the new ETF will, for the first time, offer both retail and institutional investors direct exposure to the China A Shares market in Europe, through an Exchange Traded Fund.
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Source: Economicvoice.com
Source and CSOP offer access to Chinese A-shares
January 9, 2014--Source and Hong Kong-based CSOP Asset Management ("CSOP") are pleased to announce the launch of the CSOP Source FTSE China A50 UCITS ETF. The fund is the first to offer direct exposure to the China A shares market in Europe. It trades on the London Stock Exchange and will be available to both retail and institutional investors.
As a result of strong demand for the fund, initial orders for RMB 1.42 BN (US$230MM) were received on Friday January 3rd and now represent the assets under management of the fund.
The A shares market is widely viewed as the most authentic Chinese equity market. A shares are shares of mainland Chinese companies, traded on mainland Chinese exchanges and denominated in Chinese renminbi (RMB). This market represents over 4% of the global equity market1 but has been difficult to access, particularly for smaller investors.
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Source: Source
December 2013: Economic Sentiment rises further in both the euro area and the EU
January 9, 2014--In December the Economic Sentiment Indicator (ESI) increased by 1.6 points in the euro area (to 100.0) and 1.4 points in the EU (to 103.5). Sentiment in the euro area is thus back to its long-term average for the first time since July 2011. In the EU, the average had already been passed in September.
Euro area developments
In the euro area, the marked improvement resulted from rising confidence among consumers, as well as managers in services, retail trade, construction and, to a lesser extent, industry. Economic sentiment improved in three of the five largest economies, namely Spain (+4.0), Italy (+2.3) and the Netherlands (+1.5), while remaining virtually unchanged in Germany and France (both +0.3).
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Source: EUROPA
First China A-shares ETF launched in Europe
Deutsche Bank ETF on CSI300 to list next week
January 9, 2014--ETF provider Source has launched a physically backed exchange-traded fund to track China's A-shares market in Europe, giving many investors direct access to the country's blue-chip stocks for the first time.
China is gradually opening its financial markets to international capital and has given quota-driven access to mainland markets to a number of asset managers, including Hong Kong-based CSOP Asset Management, partner to Source on the ETF.
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Source: Reuters
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