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Equity investors were bullish in October, as Global Short & Leverage ETF/ETP assets up 15% in 2013 to $52bn YTD
November 26, 2013--Global S&L AUM remains at around $52bn, up nearly $7bn this year
Of the $34.4bn in S&L equity ETPs, 59% is long, up from 54% in August. S&L equity inflows totalled $865m in October
Fixed income investors remain unanimously bearish
Commodity ETP investors were bullish on oil and natural gas, while remaining indecisive on gold and silver in October
Trading volume in BOOST ETPs up 5x since start of September with record inflows into a variety of indices and leverage factors
BOOST ETP, the award winning and independent exchange-traded product (ETP) provider, has released its Global Short & Leverage ETF/ETP report for October 2013. Global Short and Leveraged (S&L) ETP assets have risen by $6.6bn (15%) in the first ten months of 2013 to $51.5bn, as investors continue to increase their use of S&L ETPs. Demand for S&L ETPs was also supported by volumes in BOOST ETPs having risen by 5x since early September.
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Source; Boost
FCA proposes new rules on dealing commission for investment managers
November 25, 2013--The Financial Conduct Authority (FCA) has today proposed improvements to the rules and new guidance over investment managers' use of client commissions.
These changes will ensure that charges paid by consumers for executing trades and related services- known as dealing commission-are fairer and more transparent.
The consultation forms part of a wider discussion launched by FCA CEO Martin Wheatley at the FCA Asset Management Conference in October 2013, to consider the potential for wider reforms to address flaws in the use of the dealing commission regime in light of potential EU reforms in this area and a growing consensus in the industry that existing practices can be improved.
view the FCA-CP13/17 - Consultation on the use of dealing commission rules
Source: FCA.org.uk
Lyxor ETFs Begin Trading On BATS CHI-X Europe
Lyxor Becomes Second ETF Provider to List on BATS Chi-X Europe
November 25, 2013--BATS Chi-X Europe today announced that the Lyxor UCITS ETF MSCI Emerging Markets (Ticker: LEMD) and Lyxor UCITS ETF EURO STOXX 50 (Ticker: MSE) began trading today on BATS Chi-X Europe's Regulated Market.
The Lyxor UCITS ETF MSCI Emerging Markets trades in USDs and settles in Euroclear UK & Ireland; and the Lyxor UCITS ETF EURO STOXX 50 trades in Euros and settles in Euroclear France.
Lyxor is the third-largest ETF provider in Europe with more than USD 41 billion in ETF assets under management. BATS Chi-X Europe is the largest pan-European equities exchange by market share and notional value traded.
Changes In The Rules Of OMX Helsinki 25 Exchange Traded Fund
November 25, 2013--The Finnish Financial Supervisory Authority has approved the new rules for the OMX Helsinki 25 Exchange Traded Fund on November 22, 2013. The new rules will be effective starting from January 1, 2014.
The new name of the Fund is "Seligson & Co OMX Helsinki 25 Exchange Traded Fund
UCITS ETF".
In addition the fee for cash redemptions in the Fund will be reduced. The changes do not require any action from the Fund's unit holders and they do not affect the investment policy of the fund.
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Source: Euroinvestor.com
Russians see no cause for alarm in crackdown on shadowy banking
November 24, 2013--The problems exposed in Russia's banking system by last week's collapse of mid-sized lender Master Bank are deep-rooted, but in contrast with banking failures of the past there was no evidence this time of other banks' customers taking fright.Which might seem surprising, as the collapse has highlighted the difficulty of enforcing regulations against banks with strong political connections, and the widespread use of illegal payments to service Russia's large black economy, analysts said.
"Other banks are in the same situation as Master Bank, that's for sure," said Alexander Lebedev, the media tycoon and banker. "Whether the central bank will have enough guts (to act) -- let's wait and see."The central bank withdrew the license of Master Bank on Wednesday, citing "large-scale dubious operations" and causing payment difficulties for clients and some other banks that used it to process card transactions. "We don't see any rise in the rates on the interbank market or on the government bond market, so it's a very local event', said Maxim Osadchy, head analyst at BKF bank in Moscow.
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Source: Todays Zaman
Unscheduled component changes in MDAX and SDAX
November 22, 2013--Deutsche Börse has announced that GSW Immobilien AG will be replaced by SGL Carbon SE in MDAX. Due to the takeover by Deutsche Wohnen AG, the free float of GSW Immobilien AG has dropped below 10 percent, making it ineligible for inclusion in the index.
In SDAX SGL Carbon SE will be replaced by Villeroy & Boch AG.
All changes being announced today will be effective on Wednesday, 27 November 2013.
The next regular review of the Deutsche Börse blue-chip indices will be on 4 December 2013.
Please visit www.dax-indices.com for more information.
Source: Deutsche Börse
European Equity Markets Continued Positive Trend, Awaiting More Perspective From Draghi & ECB; Market Data and Insight From Russell Indexes and Russell Investments
November 22, 2013--As European Central Bank (ECB) President Mario Draghi prepares to deliver the keynote address at the European Banking Congress in Frankfurt on Friday, the European equity markets continued to exhibit strong performance.
European stocks have enjoyed strong performance in 2013. The Russell Developed Europe Index has returned 19.8% year-to-date and is up 4.3% in the fourth quarter (returns as of November 19).
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Source: Russell Investments
S&P says Turkish economy stable but risks remain
November 22, 2013--Ratings agency Standard & Poor's said on Friday it maintains its earlier stable outlook on the Turkish economy but added that certain risks expose Turkish markets to global shocks.The agency affirmed Turkey's sovereign credit rating of BB+, citing strong growth prospects.
S&P said a lingering current account deficit (CAD) problem along with fast-growing consumer loans could pose risks to the Turkish economy. Noting that Turkey's need for external financing continues, S&P said it will get even more expensive to receive foreign loans, thus hurting economic balances. However, the agency highlighted positive developments in fiscal balance and growth.It also estimated that Turkey's inflation will reach 8 percent by the end of this year. Turkey's monthly inflation rate saw a 12-month high in October when it rose 1.8 percent, but annualized consumer prices fell to 7.71 percent according to the Turkish Statistics Institute (TurkStat).
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Source: Today's Zaman
BOOST 3x ETPs top trading records in Italy last week
November 22, 2013--BOOST ETPs were the most traded ETPs in Italy (on a % per product basis)
BOOST ETPs traded EUR 4.8m last week with Boost Natural Gas 3x Leverage
Daily ETP trading (3NGL) EUR 3.3m, ranking in the top 10 ETPs in only the 2nd week of trading
BOOST grabbed approximately 6.1% market share in Italy last week by value
Short and Leverage ETFs and ETCs are some the most traded ETFs and ETPs on Borsa Italiana last week, with FTSE MIB and Natural Gas being the most popular
BOOST ETP, the award winning and independent Exchange-Traded Product (ETP) listed eight new 3x Short and 3x Leveraged ETPs on the Borsa Italiana for the first time on 31 October 2013.
Boost ETPs grabbed 6.1% market share in the ETP segment of Borsa Italiana’s ETFPlus platform. With only 8 ETPs available initially, Boost's 0.77% market share per ETP puts its products as the most traded ETPs in Italy last week, after only two full weeks of trading. The most traded products were Boost Natural Gas trading (3NGL) and Boost FTSE MIB 3x Short Daily ETP (3ITS).
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Source: Boost
Distribution Technology launches risk index benchmarks
Risk-profiling provider creates indices based on "most popular" profiles in deal with Indexx and Goldman Sachs
November 21, 2013--Distribution Technology (DT) has launched six indices based on its risk profiles, in partnership with index provider Indexx Markets.
The six benchmarks are based on the group's "most popular risk profiles", which are applied to more than 600 funds and model portfolios offered by UK firms and accessible to advisers through Distribution Technology's Dynamic Planner tool.
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Source: FTAdviser.com
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