Leveraged exchange-traded funds see strong rise
November 18, 2013--The value of leveraged exchange-traded funds globally has risen 24% this year to the end of October, to $23.3 billion, according to leveraged ETF manager Boost.
The rise is a mixture of ETFs being created to meet investor interest and price rises as a result of market gains.
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Source: Financial News
ESMA-Financial institutions must improve financial statement disclosures
November 18, 2013-The European Securities and Markets Authority (ESMA) has published a Review of the comparability and quality of disclosures in 2012 IFRS financial statements of listed financial institutions.
The Review makes recommendations aimed at enhancing the transparency of financial statements through the improvement of disclosures in certain key areas including: credit risk and impact of forbearance practices; liquidity and funding risk; asset encumbrance and fair value measurement of financial instruments.
ESMA, while finding that the required disclosures under IFRS were generally observed, also identified broad variations in the quality of the information provided, and found some cases where that was insufficient or insufficiently structured to allow comparability among financial institutions.
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Source: ESMA
BATS Chi-X Europe Launches First Listings With iShares ETFs Today
Pan-European Listings Venue Now Live With iShares IEEM and MVOL
November 18, 2013--BATS Chi-X Europe today announced that the iShares MSCI Emerging Markets UCITS ETF (Ticker: IEEM) and the iShares MSCI World Minimum Volatility UCITS ETF (Ticker: MVOL) began trading on BATS Chi-X Europe's Regulated Market.
iShares is the exchange-traded funds (ETF) platform of BlackRock, the global asset manager. BATS Chi-X Europe is the largest pan-European equities exchange by market share and notional value traded.
BATS Chi-X Europe CEO Mark Hemsley said: "With the launch of the first iShares ETFs, on the exchange, market participants now have access to the many benefits and efficiencies of our pan-European reach."
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Source: BATS Chi-X Europe
Finex launches regulated gold fund ETF
European first for cross-listed gold ETF
November 17, 2013--FinEx ETF has launched Europe's first fully-regulated gold exchange trade fund (ETF).
The FinEx Physically Held Gold ETF, which is backed by physically held Gold Bullion in vaults in London, tracks gold prices on the London Gold Fixing Price. Shares in the ETF will be available in both US dollars and rouble. It is listed on both the Irish Stock Exchange and Moscow Exchange, via a passporting mechanism.
Simon Luhr, managing partner and CEO, FinEx Capital Management,...
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Source: Global Investor Magazine
STOXX and Eurex Repo extend GC Pooling index family to cover the entire money market yield curve
November 16, 2013--STOXX Limited, a leading provider of innovative, tradable and global index concepts, and Eurex Repo, the leading provider for international financing in the secured money market business, today announced the expansion of the STOXX GC Pooling Index family by 14 new indices to cover the full money market yield curve up to twelve months.
Also, an additional funding rate is introduced that measure secured interbank funding rate and volume in the euro zone at the short end of the money market curve. The STOXX GC Pooling Indices provide a representation of the secured euro funding transactions taking place on the Eurex Repo GC Pooling Market, and are designed to provide transparent, rules-based alternatives to unsecured interbank benchmarks such as LIBOR and EURIBOR/EONIA.
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Source: STOXX
ESMA Risk Dashboard No.4 2013
November 15, 2013--The European Securities and Markets Authority (ESMA) has published its Risk Dashboard No.4 for 2013.
The Risk Dashboard provides a snapshot of risk issues in the third quarter of 2013 and covers the following areas:
Economic environment and securities markets conditions;
Liquidity Risk;
Market Risk;
Contagion Risk; and
Credit Risk
view the ESMA Risk Dashboard No. 4, 2013 report
Source: ESMA
Deutsche and Harvest first into European market with RQFII fund
November 14, 2013--The first exchange-traded fund (ETF) set up under a scheme in China that awards renminbi investment quotas to Hong Kong asset managers is to be launched in Europe.
China's Harvest Global Investments and Germany’s Deutsche Asset & Wealth Management are to launch the first RQFII-or renminbi qualified institutional investor-ETF which will track China's A-shares stock market.
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Source: Funds Europe
BATS Chi-X Europe Welcomes Lyxor ETFs
Lyxor Becomes Second ETF Provider to List on BATS Chi-X Europe
Two ETFs to Commence Trading on 25th November 2013
November 14, 2013--BATS Chi-X Europe today announced that Lyxor Asset Management, a leading exchange-traded fund (ETF) provider and subsidiary of Societe Generale Group, will list two ETFs on BATS Chi-X Europe's Regulated Market on Monday 25th November 2013.
The Lyxor UCITS ETF MSCI Emerging Markets (Ticker: LEMD) will trade in USDs and settle in Euroclear UK & Ireland; and the Lyxor UCITS ETF EURO STOXX 50 (Ticker: MSE), which will trade in Euros and settle in Euroclear France.
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Source: BATS
Ossiam surpasses €1bn assets under management
November 18, 2013--Ossiamm, the specialist smart beta investment manager and affiliate of Natixis Global Asset Management (NGAM), is proud to announce today that the firm now manages over €1 billion in assets under management.
Ossiam's global assets under management as of November 11th 2013 stood at €1,014 million. This figure comprises approximately €789 million in smart beta UCITS
exchange-traded funds (ETFs) and approximately €225 million in institutional segregated
accounts and dedicated funds.
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Source: Ossiamm
Finansinspektionen Risks in the financial system 2013 report
November 14, 2013--The high level of debt among Swedish households poses a risk to individual households and, in the long run, also to financial stability. Finansinspektionen FI currently believes that raising the risk weight floor to 25 per cent would be a sound decision. Major Swedish banks have sufficient resilience to a sharp downturn in the economy, but their considerable dependence on market funding continues to be a risk.
The major banks should therefore be conservative in the long run with regard to dividends since they have small margins above the buffer requirements. These are the conclusions from FI’s annual Risk Report.
view the Risks in the financial system 2013 (Summary)
Source: Finansinspektionen
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