EM local bond exposure available in GBP on LSE
October 7, 2013--PIMCO, a leading global investment management firm and Source, a specialist provider of exchange traded products are pleased to announce that PIMCO EM Advantage Local Bond Index Source ETF can now be traded in GBP on the London Stock Exchange under the ticker EMLP.
The ETF, which was previously tradable in USD only, has assets of US$ 176 million,
The recent market volatility has created entry points for investors looking to make a strategic allocation to emerging markets. The PIMCO EM Advantage Local Bond Index Source ETF offers exposure to local emerging market sovereign debt via the PIMCO EM Advantage Local Currency Bond Index ("EM Advantage"), an innovative, GDP-weighted index, offering exposure to 12 emerging market countries.
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Source: Source
Deutsche Borse will be exclusive licensor of BSE market data to international clients
New partnership gives market participants easier access to market data and information products of both exchange groups
October 7, 2013--Deutsche Börse Market Data + Services and BSE today announced a partnership under which Deutsche Börse will act as the exclusive licensor of BSE market data and information products to all international clients.
The new cooperation will benefit existing and potential customers by giving them access to both exchanges' market data products under a single license agreement. A signing ceremony was held in Frankfurt on 2 October 2013.
The partnership also allows Deutsche Börse to deepen its client service capabilities in important Asian markets such as India, as well as strengthen the strategic alliance between the two exchanges.
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Source: Deutsche Börse
Crackdown on UK fund market raises alarm
October 6, 2013--The UK financial regulator has met the chief executive of every large fund company as part of a drive to crack down on misconduct in the fund industry.
The news comes after the Financial Conduct Authority fined Aberdeen Asset Management £7.2m for failing to protect client assets adequately, and Axa Wealth £1.8m for mis-selling products to thousands of retail clients.
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Source: FT.com
Pull closet indexing out of the closet
Fund manager practice is a tax on millions of investors
October 4, 2013--In the UK, people are trying to pull closet indexing out of the closet. It is a fight that could have global implications.
This is one issue on which there is no need to sit on the fence. The debate between..
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Source: FT.com
Tradeweb Exchange-Traded Funds Quarterly Update- Q3 2013
October 3, 2013--The following data is derived from trading activity on the Tradeweb European-listed ETF platform from 1 July to 30 September 2013.
Volume by ETF asset class
Equity-based ETFs saw a 4 percentage point increase in volume on Tradeweb during the third quarter of 2013 while activity in fixed income and commodity-based ETFs each fell by 2 percentage points.
In contrast to the second quarter, there was a strong buying trend during the period, particularly in fixed income ETFs, which saw an 8 percentage point increase in buys during the third quarter.
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Source: Tradeweb
UK Official holdings of international reserves, September 2013
October 3, 2013--In summary this month's release shows that, in September 2013:
No intervention operations were undertaken.
Movements in reserves and levels of reserves were as follows:
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Source: HM Treasury
Trading volume at Boerse Stuttgart rises to around EUR 7 billion in September
Strong growth in debt instrument trading/increases also recorded in trading in equities and exchange-traded products
October 2, 2013--Boerse Stuttgart generated turnover of around EUR 7 billion in September 2013, according to its order book statistics.
This represents an increase of more than 7 percent in comparison with August. Trading in securitised derivatives accounted for the largest share of the total turnover. The trading volume in this asset class was around EUR 3 billion. Turnover in leverage products was around EUR 1.2 billion, while investment products contributed around EUR 1.8 billion to the total turnover.
Turnover in debt instrument trading was just under EUR 2 billion in September. This represents growth of around 23 percent on the trading volume for August, with an increase being recorded in emerging market bonds, among others. The trading volume of emerging market bonds was EUR 83.5 million, almost three times the volume recorded in September 2012.
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Source: Boerse Stuttgart
ESMA delivers second set of advice on EMIR equivalence
October 2, 2013--The European Securities and Market Authority (ESMA) has published its second set of advice to the European Commission on the equivalence of the regulatory regimes for OTC derivatives clearing, central counterparties (CCPs), and trade repositories (TR) of non-EU countries with the European Markets Infrastructure Regulation (EMIR).
Following a first set of advice published on 9 September 2013, ESMA has now published its equivalence assessments of the regulatory regimes of Canada, India and South Korea and supplements to its equivalence assessments for Australia, Hong Kong, Singapore and Switzerland.
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Source: ESMA
Europe stock ETFs see record inflow-BlackRock
October 2, 2013--Exchange-traded funds (ETFs) focused on European equities attracted record monthly inflows in September, with investors lured by the region's improving economy, data from BlackRock shows.
Pan-European equity ETFs saw some $5.3 billion of inflows last month, taking inflows for the year-to-date to $12.5 billion, with the majority of investors choosing to invest in total market products as opposed to ones tied to a specific sector.
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Source: Reuters
Key figures for SIX Swiss Exchange and Scoach Switzerland: September 2013
October 1, 2013--Compared with the corresponding period last year, there was an overall increase of 7.1% in the
number of transactions conducted on SIX Swiss Exchange and Scoach Switzerland in the first nine months of the year, while trading turnover was up 11.0%.
In all, 2,732,910 trades were conducted in September, equating to a month-on-month increase of 0.5%. Conversely, turnover was down by 2.4%to CHF 73.2 billion.
Since the start of 2013, a total of 26,153,088 transactions have been co Scoach Switzerland. This marks a year-on equities including funds + ETPs segment, equating to a rise of 7.5%. The ETF segment also posted strong growth. There were 706,170 transactions in this segment in total, 18.6% more than in the corresponding period last year.
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Source: SIX Swiss Exchange
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