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
Luxembourg grants landmark launch of RQFII fund
November 14, 2013--Luxembourg has granted landmark approval for the first renminbi-denominated qualified foreign institutional investor ETF to be launched under the Ucits umbrella.
The pioneers to launch it will be Deutsche Asset & Wealth Management and Chinese partner ...
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Source: Asian Investor
Eurostat-Flash estimate for the third quarter of 2013-Euro area GDP up by 0.1% and EU28 up by 0.2%
-0.4% and +0.1% respectively compared with the third quarter of 2012
November 14, 2013--GDP rose by 0.1% in the euro area1 (EA17) and by 0.2% in the EU281 during the third quarter of 2013, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union.
In the second quarter of 2013, GDP grew by 0.3% in both zones.
Compared with the same quarter of the previous year, seasonally adjusted GDP fell by 0.4% in the euro area and rose by 0.1% in the EU28 in the third quarter of 2013, after -0.6% and -0.2% respectively in the previous quarter.
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Source: Eurostat
Boost LevDAX 3x Daily ETP (Ticker: 3DEL) the top performing ETP on the LSE as equities outperform commodities in October
November 14, 2013-Boost LevDAX 3x Daily ETP (3DEL) was the best performing ETP listed on the LSE in October, with a 18.3% return Boost EURO STOXX 50 3x Leverage Daily ETP (3EUL) was the 2nd best performing ETP listed on the LSE in October after being the best performer in September
Equities outperformed commodities in October as only short oil-Boost WTI Oil 3x Short Daily ETP (£) (3OIS)- made the top 5 ETPs traded on the LSE
As global demand for Short and Leveraged ETPs has risen this year, Boost recently listed 8 ETPs on the Borsa Italiana.
Boost ETP, the award winning and independent exchange traded product (ETP) provider, is proud to announce that Boost LevDAX 3x Daily ETP (3DEL) was the top performing ETP listed on the London Stock Exchange (LSE) in October. Boost's 3x ETPs made the top 5 performing ETPs on the LSE in October:
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Source: Boost
Euro area securities issues statistics
November 13, 2013--The annual rate of change of the outstanding amount of debt securities issued by euro area
residents was -0.5% in September 2013, compared with -0.7% in August.
For the outstanding amount of quoted shares issued by euro area residents, the annual growth rate was 1.0% in
September 2013, compared with 1.1% in August.
New issuance of debt securities by euro area residents totalled EUR 662 billion in September 2013. Redemptions stood at EUR 673 billion and net redemptions amounted to EUR 2 billion.1
The annual rate of change of outstanding debt securities issued by euro area residents was- 0.5% in September 2013, compared with -0.7% in August (see Table 1 and Charts 1 and 3). The annual rate of change of outstanding short-term debt securities
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Source: ECB
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