ETF Securities hires UK IFA Sales Director
September 26, 2013--ETF Securities (UK) Limited has hired former strategic distribution manager, Liz Wright, as UK IFA Sales Director.
The hire has been made in response to a growing demand from UK retail intermediaries for financial solutions that comply with recent regulatory reviews such as the Retail Distribution Review (RDR). She will report into Frank Spiteri, Head of Retail Distribution Strategy.
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Source: IFA Magaizine
New ETFs on NYSE Euronext-LYXOR ETF SGQE
September 26, 2013--NYSE Euronext is pleased to announce that Lyxor has listed one new ETF on NYSE Euronext Paris on September 26, 2013: ETF Symbol: SGQE
Listing date:26/09/2013
ETF Trading name: LYXOR ETF SGQE
Underlying index: SG European Quality Income NTR
TER:0.45%
NYSE Euronext now has 653 listings of 563 ETFs listed on its European markets.
Source: NYSE Euronext
Nordea launches exchange-traded funds in Finland and Sweden
September 26, 2013--On Thursday September 26, Nordea listed the first actively-managed ETFs on NASDAQ OMX Stockholm and NASDAQ OMX Helsinki.
The two products listed are Nordea Global Emerging Market Equities UCITS ETF and Nordea Stable Equities UCITS ETF.
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Source: Nordea
STOXX launches Sustainability Weighted version of leading Blue-Chip indices
September 25, 2013--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today introduced the EURO iSTOXX 50 SD-KPI and iSTOXX Europe 50 SD-KPI indices, which apply a sustainability focused weighting to Europe's leading blue-chip indices.
The SD-KPI Standards, on which the weightings are based, have been developed by Dr Axel Hesse in cooperation with global investors and analysts and the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety. The new indices are designed to act both as an underlying to passive institutional mandates, exchange-traded funds and other investable products, and as a proper benchmark for actively managed funds.
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Source: STOXX
Russian Economic Report 30: Structural Challenges to Growth Become Binding
September 25, 2013--September 25, 2013 – Slowdown in consumption, stalled investment demand, and a continuing weak external environment led to the downward revision of the World Bank's May growth projection for Russia from 2.3 percent to 1.8 percent in 2013. Despite the observed slowdown, the Russian economy is projected to accelerate to 3.1 percent growth in 2014, says the World Bank's Russian Economic Report №30 launched today in Moscow.
"The economy appears to be growing close to its capacity, constrained by feeble investment activities and a tight labor market," said Birgit Hansl, World Bank Lead Economist and Country Sector Coordinator for Economic Policy in Russia and the main author of the Report. "Global recovery could result in an increase in Russian exports starting in the fourth quarter of 2013, while the World Bank projects oil prices to remain stable. Next year's growth prospects will largely depend on the recovery in Russia's most important economic partner, the Euro Area, and the increased investment activities associated with the recently announced large state investment projects to be financed off-budget."
view the Russian Economic Report 30: Structural Challenges to Growth Become Binding
Source: World Bank
UK regulator urged to tackle 'index clones'
September 24, 2013--Regulators in the UK have been urged to investigate the "scandalous index cloning epidemic" in which active managers charge high fees for simply following a benchmark such as the FTSE All-Share.
The call for the Financial Conduct Authority to act came from SCM Private, the wealth manager that runs the "True and Fair" campaign for greater transparency in fund management.
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Source: FT.com
Index funds force change at Smith & Williamson North American Trust
September 24, 2013--Smith & Williamson Investment Management, based in London and with £14 billion under management, has reduced the holdings in its North American Trust and acknowledges pressure from the wide use of index funds by advisers.
Reducing the stock list by almost 50%, the firm expects this to help the trust to deliver an above-benchmark investment return that justifies its active fees in light of the wider use of index funds and exchange-traded funds (ETFs).
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Source: Funds Europe
DB-Synthetic Equity & Index Strategy-Europe-ETF Research-European Weekly ETF Market Review
September 24, 2013--The report includes key statistics on the European ETF market as well as global ETF market highlights.
request report
Source: Deutsche Bank -Synthetic Equity & Index Strategy -Europe
Nordea Bank Finland Plc signs a market making agreement with two new UCITS ETF Funds
September 24, 2013--Nordea Bank Finland Plc signs a market making agreement concerning Nordea Global Emerging Markets Equities UCITS ETF Fund and Nordea Stable Equities UCITS ETF Fund
Nordea Investment Fund Company Finland Ltd (on behalf of both Funds) and Nordea Bank Finland Plc have concluded a market making agreement,
which fulfils the requirements of NASDAQ OMX Helsinki Ltd's and NASDAQ OMX Stockholm Ltd's market making operations.
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Source: mb.cision.com
Source and Man Group partner for 'beta plus' strategy ETFs
September 23, 2013--The two LSE-listed funds follow a Man Group strategy designed to generate alpha from broker recommendations on stocks from Asia and continental Europe
Exchange-traded fund (ETF) provider Source has today launched two ETFs that provide 'beta plus' exposure to Europe and Asia. The Source Man GLG Continental Europe Plus Ucits ETF (MPCE), which tracks the stocks of companies based in 16 European countries excluding the UK, aims to outperform the MSCI Europe ex UK Index by 2-8% per year. The Source Man GLG Asia Plus Ucits ETF (MPAS) gives investors exposure to 11 Asian countries, excluding Japan, while aiming to outperform its benchmark, the MSCI AC Pacific ex Japan Index, by 3-8% per year. The ETFs trade on the London Stock Exchange.
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Source: Risk.net
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