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PIMCO and Source launch EUR-hedged class for short-term high-yield ETF
October 21, 2013--PIMCO and Source are pleased to announce that their flagship PIMCO Short-Term High Yield Corporate Bond Index Source ETF, managed by PIMCO, is now available in a
EUR-hedged version.
The existing USD share class has already grown to US$ 550 million1 since its launch in March 2012, driven by the product's high yield per unit of duration and appealing current
yield2.
The PIMCO Short-Term High Yield Corporate Bond Index Source ETF aims to provide the performance of the BofA Merrill Lynch 0-5 Year US High Yield Constrained Index, a broad benchmark of over 800 USD,denominated corporate bonds. The ETF is physically invested in bonds and is managed by PIMCO, benefiting from PIMCO's extensive expertise in smart passive index replication and credit filtering.
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Source: Source
Four new UBS ETFs launched on Xetra
October 22, 2013--Four new exchange-traded equity index funds issued by UBS ETF SICAV have been tradable in Deutsche Börse's XTF segment since Monday.
ETF name: UBS ETF-MSCI United Kingdom 100% hedged to EUR UCITS ETF (EUR) A-acc
Asset class: equity index ETF
ISIN: LU0950671239
Total expense ratio: 0.40 percent
Distribution policy: non-distributing
Benchmark: MSCI United Kingdom 100% hedged to EUR
ETF name: UBS ETF-MSCI Canada 100% hedged to EUR UCITS ETF (EUR) A-acc
Asset class: equity index ETF
ISIN: LU0950673284
Total expense ratio: 0.55 percent
Distribution policy: non-distributing
Benchmark: MSCI Canada 100% hedged to EUR
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Source: Deutsche Börse
New energy sector ETC from ETF Securities launched on Xetra
October 21, 2013-- A new ETC (exchange traded commodity) issued by ETFS Hedged Commodity Securities Limited has been tradable on Xetra since Monday.
ETC name: ETFS EUR Daily Hedged Energy DJ-UBS EDSM
Asset class: Commodities
ISIN: DE000A1Y7Y36
Total expense ratio: 1.21 percent
Benchmark: Dow-Jones UBS Energy Sub-Index EUR Hedged Daily
The new Daily Hedged Energy ETC from ETF Securities enables investors to participate in the performance of futures contracts on individual commodities in the energy sector.
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Source: Xetra
IMF Country paper-Russian Federation: Selected Issues
October 21, 2013--A. Introduction
1. Theory does not suggest a definite prediction about the relationship between exchange rate and interest rate volatility. There is widely believed to be a trade-off, with higher
interest rate volatility resulting from a monetary policy geared towards stabilizing the exchange rate,in particular if there is a high pass-through from exchange rates to prices.
Indeed, Mohanti and Klau (2004) find support for the "fear of floating" hypothesis in emerging economies, in as much as the exchange rate features prominently in monetary policy makers' reaction function, with interest rates
responding strongly to exchange rate changes. Another source of interest rate volatility, however,
would be unanchored inflation and exchange rate expectations, reflecting a low degree of monetary
policy credibility. Thus, the degree of interest rate volatility depends on both the policymakers'
reaction function and their degree of credibility (Calvo and Rheinhard 2002).
view the IMF Country paper-Russian Federation: Selected Issues
Source: IMF
NYSE Euronext announces new ETF on European markets
October 21, 2013--NYSE Euronext is pleased to announce that Lyxor AM has listed one new ETF on NYSE Euronext Paris on 21 October, 2013:
ETF Symbol: LTMP
Listing date: 21/10/2013
ETF Trading name: LYXOR ETF LTM PEA
Underlying index: MSCI EMERGING MARKETS Latin Am
TER: 0.65%
NYSE Euronext now has 656 listings of 566 ETFs listed on its European markets.
Source: NYSE Euronext
UK pension funds 'turn gold into lead'
October 20, 2013--UK pension funds are "wasting" more than £6bn a year by investing in actively managed equity, bond and property funds rather than cheap and better performing passive funds, according to new research.
Analysis by Evercore Pan-Asset, an investment manager, of the 14 asset classes and sectors most favoured by UK pension funds, found the median passive fund outperformed the median actively managed fund in 13 of them over the past five years. Only managers of commodity funds earned their corn.
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Source: FT.com
BlackRock teams up with custodians for ETF push
October 18, 2013--Four major custodians have signed up to an initiative set up by BlackRock's exchange-traded funds business iShares to make it easier for UK pension schemes to buy ETFs, Financial News has learnt.
The move could increase the use of ETFs by institutional investors in the UK market. Institutional investors have not traditionally used the products as widely as their US and continental European peers, which use brokerage accounts to buy them.
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Source: Financial News
NYSE Euronext announces new ETF on European markets-EasyETFs
October 18, 2013--NYSE Euronext is pleased to announce that EasyETF has listed one new ETF on NYSE Euronext Paris on 18 October, 2013:
ETF Symbol: EVAUS
Listing date: 18/10/2013
ETF Trading name: VOLATILITY ARB US
Underlying index: BNP Volatility Arbitrage US ER
TER: 0.70%
NYSE Euronext now has 655 listings of 565 ETFs listed on its European markets.
Source: NYSE Euronext
ESMA consults on Technical Advice to the Commission on procedural rules to impose fines on Trade Repositories
October 18, 2013--The European Securities and Markets Authority (ESMA) has launched a consultation on the Technical Advice it must provide to the European Commission on the procedural rules for imposing fines and periodic penalty payments on Trade Repositories.
The rules will be defined by the Commission via Delegated Act.
The consultation is open until 15 November and ESMA aims to deliver its advice by 31 December 2013.
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Source: ESMA
Four new iShares ETFs launched on Xetra
ETFs based on short-term corporate bonds
October 18, 2013--Four new bond index ETFs issued by iShares have been tradable in Deutsche Börse's XTF segment since Friday.
ETF name: iShares $ Short Duration Corporate Bond UCITS ETF
Asset class: bond index ETF
ISIN: DE000A1W4WC9
Total expense ratio: 0.20 percent
Distribution policy: distributing
Benchmark: Markit iBoxx USD Liquid Investment Grade 0-5 Index
The iShares $ Short Duration Corporate Bond UCITS ETF enables investors to participate in the performance of highly liquid, investment grade corporate bonds denominated in US dollars. The bonds contained in the index have a term of up to five years.
ETF name: iShares $ Short Duration High Yield Corporate Bond UCITS ETF
Asset class: equity index ETF
ISIN: DE000A1W4WD7
Total expense ratio: 0.45 percent
Distribution policy: distributing
Benchmark: Markit iBoxx USD Liquid High Yield 0-5 Capped Index
The iShares $ Short Duration High Yield Corporate Bond UCITS ETF enables investors to participate in the performance of high-yield corporate bonds denominated in US dollars.
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Source: Xetra
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