BME expands its IBEX 35(R) index family
The indices will be calculated and disseminated in real time as of 24 September
September 10, 2013--BME has created a new family of 8 target volatility indices, expanding the IBEX35(R) index series. The new IBEX 35(R) VOLATILIDAD OBJETIVO (IBEX 35 (R)Target Volatility) indices will be calculated and disseminated, in real time, as of 24 September.
The aim of these indices is to keep the risk of IBEX 35® index within preset levels. The strategy combines investments in Equities with risk-free Fixed Income, varying the proportion invested in each type of asset depending on market volatility.
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Source: BME (Bolsas y Mercados Espa ñoles)
EU lawyers say transaction tax plan is illegal
September 10, 2013--A plan to tax financial transactions in 11 European Union member states from 2014 is illegal, the bloc's lawyers have concluded, dealing what could be a final blow to the measure as proposed.
The opinion is not binding and Germany which backs the tax aimed at making banks pay governments about 35 billion euros a year after receiving taxpayer aid during the 2007-09 financial crisis, said it still wants swift introduction of the levy.
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Source: Reuters
FSB completes peer review of the United Kingdom
September 10, 2013--The Financial Stability Board (FSB) published today its peer review of the United Kingdom.
The peer review examined three topics that are important for financial stability and relevant for the broader FSB membership: macro-prudential policy framework; micro-prudential supervisory approach; and supervision and oversight of central counterparties (CCPs). The review focused on the steps taken to date by the UK authorities to implement reforms in these areas, including by following up on relevant recommendations in the 2011 Financial Sector Assessment Program (FSAP) undertaken by the International Monetary Fund.
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Source: Financial Stability Board (FSB)
Borsa Italiana: ETF Stat: August 2013
September 10, 2013--The ETF Stat Report August 2013 of the Borsa Italiana is now available.
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Source: Borsa Italiana
Deutsche Boerse to Close Europe Market With No Business
September 10, 2013--Deutsche Boerse AG (DB1), owner of Germany's main stock exchange and the Eurex derivatives system, is shutting its pan-European equity market after failing to persuade investors to use it.
The Xetra International Market, which opened for business in November 2009, will close on Dec. 13 because Frankfurt-based Deutsche Boerse wants to "concentrate liquidity in European blue chips," the exchange said in a statement yesterday.
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Source: Bloomberg
NYSE Euronext announces new ETF on European markets -Amundi
September 10, 2013-- NYSE Euronext is pleased to announce that Amundi has listed one new ETF on NYSE Euronext Paris on 10 September, 2013:
ETF Symbol: AHYE
Listing date: 10/09/2013
ETF Trading name: AMUNDI HI YIELD EU
Underlying index: Markit iBoxx EUR High Yield 30
TER: 0.4%
NYSE Euronext now has 648 listings of 558 ETFs listed on its European markets.
Source: NYSE Euronext
S&P warns defaults will rise on weak European economic outlook
September 9, 2013--Europe's weak economic outlook, and a less tolerant attitude by lenders, threatens to continue the trend of increasing defaults by speculative-grade companies, according to Standard & Poor's.
The rating agency said that there were 10 defaults, involving total debt of €8.7bn, in the second quarter of this year among the speculative-grade companies it tracked, compared with 12 corporates and €2.4bn in the first quarter.
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Source: FT.com
Three new db X-trackers ETFs launched on Xetra
ETFs provide access to indices on global government bonds and MSCI World with currency hedging
September 6, 2013--Three new exchange traded funds issued by db X-trackers, a subsidiary of Deutsche Bank, have been tradable in the XTF segment on Xetra since Friday.
ETF name: db X-trackers II Global Sovereign UCITS ETF
Asset class: bond index ETF
ISIN: LU0908508731
Total expense ratio: 0.25 percent
Distribution policy: non-distributing
Benchmark: DB Global Investment Grade Government Unhedged Index
ETF name: db X-trackers II iBoxx Global Inflation-linked UCITS ETF
Asset class: bond index ETF
ISIN: LU0908508814
Total expense ratio: 0.25 percent
Distribution policy: non-distributing
Benchmark: iBoxx Global Inflation-Linked Index All EUR Unhedged Nominal
The db X-trackers II Global Sovereign UCITS ETF enables investors to participate in the performance of globally issued government bonds. The index currently comprises investment grade bonds from industrialised countries in the respective local currency. They are at this time from Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, the Netherlands, New Zealand, Norway, Sweden, Switzerland, Spain, the UK and the US.
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Source: Xetra
STOXX-Component Changes made to the STOXX Global Select Dividend 100
September 6, 2013--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced component changes in the STOXX Global Select Dividend 100 Index due to the fast exit rule.
Component changes will become effective with the open of markets on September 23rd, 2013.
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Source: STOXX
ETF Securities launches service to help asset managers build and launch their own ETFs
September 6, 2013--ETF Securities believes the global ETF market is set to grow from US$2 trillion to over US$3 trillion by 2015
ETF Securities has launched CANVAS, a service enabling asset managers from around the world to build and launch white-labelled ETFs in Europe.
CANVAS will provide a number of ETF-based solutions, including the ability to build ETFs using ETF Securities full infrastructure, set up a bespoke ETF platform, convert existing UCITS funds into ETFs or add an ETF share class into a UCITS fund. As pioneers in developing exchange traded products (ETPs), ETF Securities has offered ETFs since 2008 and plans to use its expertise to help bring new entrants to the ETF market, creating more choice for investors.
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Source: ETF Securities
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