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Unscheduled free float adjustment in MDAX
November 4, 2013--Deutsche Börse today announced an unscheduled adjustment to the free float of GSW Immobilien AG in MDAX. Due to the takeover by Deutsche Wohnen AG, the free float of GSW Immobilien AG has been reduced from the current 88.21 percent to 13.68 percent.
The adjustment will become effective on 7 November 2013.
The next regular review of the Deutsche Börse blue-chip indices will be on 4 December 2013.
Source: Deutsche Börse
Source highlights importance of CPD post RDR
November 4, 2013--Source, the innovative asset manager with $15bn of ETP assets under management, today announces its next series of webinar courses to help investors continue and complete their required hours for Continuing Professional Development.
As a fully CISI accredited provider, over the last year, Source has run CPD accredited courses on a wide array of topics surrounding the ETP industry, coinciding with the introduction of the Retail Distribution Review in January.
The next series of Source ETF webinars, available to institutional investors, includes:..
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Source: Source
Boerse Stuttgart records monthly turnover for October in region of EUR 7.6 billion
Growth in securitised derivatives trading / Equity trading maintains high volume
November 4, 2013--Boerse Stuttgart generated turnover of around EUR 7.6 billion in October 2013, according to its order book statistics. This represents an increase of roughly 9 percent in comparison with September.
With a trading volume of around EUR 3.4 billion, 15 percent up on the previous month, securitised derivatives accounted for the largest share of total turnover. At just under EUR 2.2 billion, 20 percent up on September, trading in investment products made up the lion's share in this asset class, while leverage products contributed over EUR 1.2 billion.
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Source: Boerse Stuttgart
One step forward for Man Group, two steps back for AHL
November 3, 2013--Man Group, the struggling hedge fund house, recorded a small, but welcome net inflow of investor's cash in the third quarter of 2013, its first positive reading for two years.
But the pain goes on for AHL Diversified, once the flagship of Man's fleet, which lost 6.6 per cent in Q3, wiping out all the modest gains it had eked out since September 2008.
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Source: FT.com
Legal & General makes first big European push
November 3, 2013--Legal & General, the UK's largest asset manager, is to target wealthy private investors outside the UK for the first time in its 177-year history.
L&G Investment Management has received approval to launch a Sicav fund platform and three underlying funds in Luxembourg, with five more in the pipeline.
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Source: FT.com
Turnover at Deutsche Borse's cash markets at 99.7 billion euros in October
November 1, 2013--Order book turnover on Xetra, the Frankfurt Stock Exchange and Tradegate stood at €99.7 billion in October (October 2012: €91.4 billion). Of the €99.7 billion, €90.4 billion were attributable to Xetra (October 2012: €84.1 billion).
€4.8 billion were attributable to the Frankfurt Stock Exchange (October 2012: €4.6 billion). Order book turnover on Tradegate Exchange* totalled approximately €4.5 billion in October (October 2012: €2.6 billion).
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Source: Deutsche Börse
Flash estimate-October 2013-Euro area annual inflation down to 0.7%
October 31, 2013--Euro area annual inflation down to 0.7%
Euro area1 annual inflation2 is expected to be 0.7% in October 2013, down from 1.1% in September3, according to a flash estimate4 from Eurostat, the statistical office of the European Union.
Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in October (1.9%, compared with 2.6% in September), followed by services (1.2%, compared with 1.4% in September), non-energy industrial goods (0.4%, stable compared with September) and energy (-1.7%, compared with -0.9% in September).
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Source: Eurostat
NASDAQ OMX Iceland Starts Trading First Ever Bond ETF Issued by LANDSBREF
October 31, 2013--The NASDAQ OMX Group, Inc. today announced that NASDAQ OMX Iceland has for the first time listed a fixed income exchange traded fund (ETF) issued by the Icelandic fund management company Landsbref. The new bond ETF, Landsbref-LREAL (LREAL), tracks the NASDAQ OMX Iceland Inflation-linked Benchmark Bonds index (NOMXIREAL).
NOMXIREAL consists of inflation-linked benchmark bonds, which are the most liquid inflation-linked Treasury and Housing Financing Fund bonds. The inflation-linked bond market is an important asset class in Iceland. The total market capitalization of the NOMXIREAL constituents is between ISK 1,000 and 1,100 billion, which is between two and three times the market capitalization of nominal benchmark bonds. LREAL now makes it possible to buy and sell this important asset class in a single transaction.
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Source: Financial IT
FinEx Launches six international equity ETFs based on MSCI Indices on Moscow Stock Exchange
October 31, 2013--FinEx ETF Ltd., part of FinEx Group, the international investment management company, announces that it has entered into an agreement with MSCI to license a number of MSCI indices for new range of international equity ETFs which have listed in Ireland and list in Moscow on 31 October.
The Funds are: FinEx MSCI Germany UCITS ETF; FinEx MSCI USA UCITS ETF; FinEx MSCI USA IT UCITS ETF; FinEx MSCI UK UCITS ETF; FinEx MSCI Australia UCITS ETF and FinEx MSCI UCITS Japan ETF.
The ETFs have been listed on the Irish Stock Exchange and cross-listed on the Moscow Exchange via a cross listing mechanism pioneered by FinEx ETF.
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Source: FinEx
Northern Trust Monthly Funds Market Review: Europe-wide fund cost calculator in offing
Global ETP assets soar
Alternative fund managers reporting clarified
October 31, 2013--The latest Monthly Funds Market Review from Northern Trust is now available.
This month's highlights include:
Europe-wide fund cost calculator in the offing
Global ETP assets reach record US$2.22trn in Q3
ESMA clarifies reporting requirements for alternative fund managers
Groundwork laid for EU pension-tracking service
Northern Trust expands depositary services
Alcova Asset Management LLP, the UK-headquartered quantitative hedge fund manager, has selected Northern Trust to provide administrative and middle-office services to its quantitatively driven, equity market-neutral fund. Scrip Issue 22 October
Northern Trust has launched a new iPad application designed to provide executivelevel users with performance, exposure and risk information they need in today's mobile world. The iPad app complements Northern Trust's secure Passport(R) mobile site, which is optimized for the iPhone and BlackBerry and accessible to any smart phone. Business Wire, 24 October
Northern Trust has expanded its depositary services across multiple fund types, asset classes, fund locations and investment strategies. With five new senior positions created across Europe, Northern Trust will be able to offer depositary services in the United Kingdom and The Netherlands, in addition to its existing services in Ireland, Luxembourg and the Channel Islands. John Cargill has been named head of depositary services for Europe, the Middle East and Africa after joining from HSBC. Stefan de Kort has joined from RBC Investor Services to become Northern Trust’s head of depositary services in the Netherlands and will be supported by Margot Six. In addition, Alastair Hay has been named head of depositary services, UK while Stephen Baker, will be responsible for the overall operational management of the depositary services group. Financial News 14 October
Northern Trust has made two appointments in its Dublin-based transfer agency team. Susan Bradley joins as head of TA and David Price as head of client servicing. Bradley was previously at Citi where she was most recently head of transfer agency product for Europe, Middle East and Africa. Price joined from JP Morgan (Ireland) Limited. Scrip Issue 31 October.
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Source: Northern Trust
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