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Social media monitoring for the financial markets
Using social media sentiment in investment decisions //Identifying signs of market manipulation // EU research project FIRST reaches successful conclusion
November 13, 2013--Attitudes and opinions expressed in social networks, online forums and blogs are referred to every day to support countless investment decisions.
Information on sentiment enables early identification and evaluation of events that have an impact on the financial markets. However, the difficulty is in collecting the unstructured content from the Internet and sorting and analysing it quickly. Suitable software is needed in order to enable financial market participants to use the data directly to support their decision processes. The development of such solutions was the focus of the EU research project FIRST, which has now been successfully completed after three years of work
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Source: Boerse Stuttgart.
Cofunds abandons ETF pilot
November 13, 2013--Cofunds has abandoned a pilot service run jointly with Barclays Stockbrokers to offer its advisers access to exchange traded funds and investment trusts.
The platform said there had not been enough demand for the service in spite of "very competitive" pricing.
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Source: FT.com
FESE European Equity Market Report-October 2013
October 12, 2013--The FESE European Equity Market Report October 2013 is now available.
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Source: FESE
New SPDR equity index ETF launched on Xetra
First ETF to track emerging markets excluding BRIC countries
November 12, 2013--A new exchange-listed equity index fund issued by SPDR (State Street Global Advisors) has been tradable in the XTF segment on Xetra(R) since Thursday.
ETF name: SPDR MSCI EM Beyond BRIC UCITS ETF
Asset class: equity index ETF
ISIN: IE00BCBJFC69
Total expense ratio: 0.65 percent
Distribution policy: non-distributing
Benchmark: MSCI EM Beyond BRIC Index
The new SPDR equity index ETF enables investors to participate for the first time in the performance of stock corporations from emerging market countries excluding the BRIC countries, Brazil, Russia, India and China. The BRIC countries are represented with over 40 percent in the MSCI Emerging Markets Index.
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Source: Xetra
Boost Trade Idea -In a maturing cycle, expensive tech and mid-caps shine (ticker QQQ3, 2MCL)
November 12, 2013--November 12, 2013--In a maturing cycle, expensive tech and mid-caps shine
Summary
Equity markets have been in a near 5 year bull run. Given equity markets' previous two cycles lasting about 6 years, this year's double digit returns are unlikely to be repeated in 2014
Companies' earnings are growing close to trend, driven by cost control and not by financial overreach. Unlike previous cycles, any correction in equities may be shallower.
Caught between the relief in US jobs and fear of QE exit, equities may react more sensitively to rising interest rates. Tech and mid-cap equities may be the best sectors to stay bullish.
Investors who share this sentiment may consider a leveraged position in technology and mid-cap equity segments:
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Source: Boost
New ETF Issuer on NYSE Euronext-FinEx
NYSE Euronext welcomes FinEx as new ETF issuer on European markets
November 12, 2013--NYSE Euronext is pleased to welcome FinEx as a new ETF Issuer on our European markets. FinEx has listed one ETF on NYSE Euronext Amsterdam on 12 November, 2013:
ETF Symbol:FXGD
Listing date:12/11/2013
ETF Trading name:FINEX HELD GOLD
Underlying index: GOLD London AM Fixing
TER: 0.45%
NYSE Euronext now has 646 listings of 558 ETFs listed on its European markets.
Source: NYSE Euronext
ESMA announces financial statements' enforcement priorities for 2013
November 11, 2013--The European Securities and Markets Authority (ESMA) has published its European Common Enforcement Priorities (Priorities) for 2013. These Priorities are to be used by European Economic Area (EEA) national authorities in their assessment of listed companies' 2013 financial statements.
ESMA has defined these Priorities in order to promote the consistent application of IFRS across the EEA. Listed companies and their auditors should take account of the areas set out in the Priorities when preparing and auditing the IFRS financial statements for the year ending 31 December 2013.
The Priorities identified refer to the application of IFRS in relation to:
Impairment of non-financial assets;
Measurement and disclosure of post-employment benefit obligations;
Fair value measurement and disclosure;
Disclosures related to significant accounting policies, judgements and estimates; and
Measurement of financial instruments and disclosure of related risks.
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Source: ESMA
BlackRock asks where European ETF rivals are
November 10, 2013--BlackRock-the world's largest exchange traded funds provider-has called for greater competition within the European market to act as an antidote to sluggish growth.
Mark Wiedman, global head of iShares, the ETF arm of BlackRock, says: "One player [BlackRock] cannot build the entire ETF market in Europe alone."
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Source: FT.com
State Street to launch 'Beyond Bric' ETF
November 8, 2013--A new exchange-traded fund (ETF) that tracks emerging markets excluding Brazil, Russia, India and China (Bric) will be listed in London next week.
The State Street Global Advisors SPDR MSCI EM Beyond Bric Ucits ETF will follow all the MSCI emerging market countries apart from the Bric bloc, based on standard market capitalisation and with a 15% cap on individual countries.
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Source: City Wire
DB-Europe Monthly ETF Market Review- ETPs AUM reached historic 300bn(euro) mark amid positive equity markets
November 8, 2013-Data in this report is as of 31 October 2013
Global Summary
Markets across the globe reacted positively in October after delay in the tapering of the US Federal Reserve's asset purchase programme and stronger economic data from Europe and China. Global ETP AUM was favourably impacted by this and rose by $94bn to $2.2 trillion (+19.2% YTD) last month. The European ETP industry ended the month at €300.8bn, +7.4% year-to-date.
Global ETP industry continues with strong monthly cash flows recording +$31bn of inflows in October. US domiciled ETFs remain major contributor receiving +$28.3bn of positive flows, followed by Europe with +$4bn and Asia with +$1.3bn flows. Globally, equities saw Inflows of +$34.6bn while commodities and fixed income asset class witnessed outflows of -$2.8bn and -$1.3bn respectively.
European cash flow summary
Europe: Overall strong inflows, Equity ETFs shine
European domiciled ETPs received healthy cash flows in October recording +€2.8bn of inflows. Equity ETFs had the lion’s share in total flows registering +€2.1bn of inflows followed by fixed income ETFs (+€1bn), while commodity ETPs experienced outflows of -€0.3bn. Total ETPs and equity ETFs had their best month in terms of monthly inflows since January 2013.
Within equity, all the segments recorded positive flows for the last month. Developed markets (DM) ETFs reversed previous month outflows and recorded +€1bn of inflows in October (-€1bn in Sep’13). Among other segments, capitalization, style and emerging markets brought +€0.4bn, +€0.3bn and +€0.2bn of monthly inflows respectively.
Fixed income ETFs collected inflows of +€1bn in October, taking YTD total to +€6.9bn. ETFs benchmarked to corporate and sovereign bond indices were the largest cash flows receivers of the month recording +€602mn and +€432mn of cash inflows.
Commodity ETPs continue to shrink and recorded outflows of -€0.3bn over the month of October (-€8.2bn YTD). Gold ETPs led the commodity outflows with -€0.3bn of withdrawals (-€7.8bn YTD).
Other regions' cash flow summary
US: Equity recorded healthy inflows, fixed income and commodities in negative territory
US domiciled ETPs continue to witness strong monthly cash flows during October with +$25.8bn of inflows (+$32.4bn in Sep'13). Equity ETFs ended the month with +$30.6bn cash flows, stronger than previous month (+$27.5bn), while fixed income ETFs and commodity ETVs experienced outflows of -$2.8bn and -$2.4bn respectively.
Within equities, cash inflows were witnessed across the board in October. Primary drivers of the month were ETFs providing exposure to the large caps (+$5.9bn), mid caps (+$4.6bn), broad DM Europe (+$3.3bn), broad DM global (+$2.8bn), US (+$1.6bn), dividends (+$1.5bn), leveraged long strategy (+$1.5bn) and broad EM global (+$1bn). ETFs focused on short strategy (-$0.4bn) and Brazil (-$0.3bn) recorded largest cash outflows for the month.
Fixed income ETFs observed cash outflows of +$2.8bn over the month of October. On a segment level, largest movement experienced by sovereign and corporate bond ETFs recording outflows of -$4.6bn and inflows of +$2bn respectively.
Outflows from commodity ETPs were mainly driven by redemptions from gold ETPs. In total -$1.7bn of outflows recorded by gold ETPs taking YTD total to -$24.8bn.
Asia: Japan focused ETFs continue to receive healthy inflows
Last month, Asia-Pacific ETP market observed +$1.3bn inflows and the YTD monthly flows average ended at +$1.4bn (+$14.2bn YTD in total flows). Total inflows were primarily contributed by equity ETFs collecting +$1.1bn of fund flows.
Within equity, on segment level, developed market (DM) benchmarked ETFs led the tally receiving inflows of +$1.7bn, while emerging markets (EM) ETFs experienced outflows of -$0.5bn. On a sub-segment level, the largest inflows recorded by ETFs came from those providing exposure to Japan (+$1.7bn). Conversely, China, Taiwan and Hong Kong focused ETFs saw outflows of -$0.3bn, -$0.3bn and -$0.1bn, respectively. Leveraged long strategy ETFs also recorded outflows of -$0.2bn in October.
Fixed income ETFs collected +$180mn of inflows in October. Among fixed income ETFs, sovereign ETFs witnessed largest inflows (+$132mn).
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Source: Deutsche Bank-Synthetic Equity & Index Strategy-Europe
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