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New issuer AVANA launches actively managed equity ETF on Xetra
August 7, 2013--A new actively managed equity ETF issued by new issuer AVANA II Investment AG has been tradable in the active ETF segment of Xetra for the first time since Wednesday.
Name: AVANA Emerging Markets Equity UCITS ETF Feeder
Asset class: equities
ISIN: DE000A1JFU03
Total expense ratio: 0.50 percent
Distribution policy: non-distributing
Benchmark: Emerging Markets Equity Fund Anteilsklasse I USD
The new AVANA Emerging Markets Equity UCITS ETF Feeder enables investors to participate to at least 85% in the performance of the master fund Emerging Markets Equity Fund Anteilsklasse I USD. Up to 15% of the assets can be invested in bank balances or derivatives.
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Source: Xetra
Erster Feeder ETF auf Xetra gelistet
August 7, 2013--Mit dem AVANA Emerging Market Equity UCITS ETF Feeder (WKN: A1JFU0) hat AVANA Invest im Juli 2013 einen aktiv verwalteten Emerging Markets-ETF in Form eines Feeder-Fonds aufgelegt, der jetzt auch im Active ETF-Segment auf Xetra gelistet ist.
Ein Feeder-Fonds investiert in einen anderen Investmentfonds, einem sogenannten Masterfonds.
"Diese neuartige ETF-Konstruktion geht aus einer Kooperation zwischen AVANA Invest und Morgan Stanley's Fondsplattform FundLogic Alternatives plc hervor. Master-Fonds ist der FundLogic Emerging Markets Equity Fonds (IE00B56SX814), der im Januar 2011 auf Morgan Stanley's Plattform FundLogic aufgelegt wurde", berichtet AVANA Invest.
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Source: Extra-funds.de
Boost WTI Oil 3x Leverage Daily ETP (3OIL) the top performing ETP on the LSE in July
August 6, 2013--Boost WTI Oil 3x Leverage Daily ETP '3OIL' was the best performing ETP listed on the LSE in July, with a 28.1% return
Boost ETPs account for 4 out of the top 5 best performing LSE listed ETPs in July
BOOST ETP, the award winning and independent exchange-traded product (ETP) provider, is proud to announce Boost WTI Oil 3x Leverage Daily ETP (3OIL) was the top performing ETP listed on the London Stock Exchange (LSE) in July. Alongside 3OIL, Boost also had 3 more ETPs in the top 5 performers as follows:
Rank Top 5 LSE ETPs for July 2013 Ticker Monthly return GBP
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Source: Boost
UK Official holdings of international reserves, July 2013
August 5, 2013--This monthly press notice shows details of movements in July in the UK's official holdings of international reserves, which consist of gold, foreign currency assets and International Monetary Fund assets.
These reserves are maintained primarily so that the UK Government’s reserves could be used to intervene to support Sterling, or the Bank of England’s reserves could be used to support the Bank’s monetary policy objectives. If such interventions were to occur, then they would be shown and explained in this release. The Background note at the end of this release explains more about the reserves, and about these statistics.
In summary this month’s release shows that, in July 2013:
No intervention operations were undertaken.
Movements in reserves and levels of reserves were as follows:
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Source: HM Treasury
Hopes rise of eurozone recovery
August 5, 2013--The eurozone recession seems to be fading out at last, with key growth indicators giving a surprisingly strong showing, economics experts said on Monday.
A key leading indicator of activity, the Markit Eurozone Composite Purchasing Managers Index for July switched to give a growth reading for the first time for 18 months.
The index logged 50.5 points, up from an initial estimate of 50.4 and above the 50-point watershed which signals the difference between a trend of shrinking activity or growth.
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Source: EUbusiness
ESMA proposes delay to reporting date for Exchange Traded Derivatives
August 8, 2013--The European Securities and Markets Authority (ESMA) has sent the European Commission a Final Report proposing an amendment to Article 5 of the Commission Implementing Regulation (EU) No.1247/2012 (ITS on reporting) on the format and frequency of reporting to trade repositories under EMIR.
The amendment relates specifically to the reporting of exchange traded derivatives (ETDs) and proposes postponing the reporting start date by one year.
Background
Article 5 regards the reporting start date of derivatives to trade repositories, however the current dates do not include a specification of ETDs. This specification would be useful as there is a risk currently that reporting of ETDs is not harmonised unless further regulatory guidance is issued. Based on the need to ensure the consistent implementation of EMIR, ESMA considered that guidelines and recommendations should be developed in relation to this issue.
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Source: ESMA
Updated EMIR Q&A
August 5, 2013--Questions and Answers: Implementation of the Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR)
view the Questions and Answers-Implementation of the Regulation (EU) No 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR)
Source: ESMA
Trading tax hits French, Italian stock turnover
France, Italy taxes have caused slide in market share
YTD share trade in both down 10 pct vs 14 pct broad uplift
Both countries to take in less money than expected
Nine other countries likely to start tax from 2014
August 2, 2013--The launch of financial transaction taxes in France and Italy has hit demand for stocks, offering a glimpse of the impact a pan-European levy might have on a recovery in market volumes.
European monthly trade as a whole is up 14 percent in 2013 from 2012, helping drive profits across investment banking. But French and Italian turnover is down 10 percent.
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Source: Reuters
Boerse Stuttgart reports July turnover in region of EUR 6.7 billion
Growth in trading of equities and debt instruments // Strong demand for emerging market bonds
According to its order book statistics, Boerse Stuttgart generated turnover of around EUR 6.7 billion in July 2013. As such, the volume of trades was slightly down on the figure for the preceding month.
Trading in securitised derivatives accounted for the largest share of turnover, with an overall volume in excess of EUR 2.9 billion. The total volume of leverage products traded in July was about EUR 1.2 billion. Investment products contributed around EUR 1.8 billion to the total transaction volume.
July turnover in debt instrument trading came to around EUR 2 billion, a month-on-month increase in the region of 18 percent. Particularly strong growth was registered in the traded volume of emerging market bonds, which rose by over 29 percent compared to the figure for June.
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Source: Boerse Stuttgart
ESMA issues Opinion on practical arrangements for the late transposition of the AIFMD
August 1, 2013--The European Securities and Markets Authority (ESMA) has published an Opinion on arrangements for the late imposition of the AIFMD
view the OPINION-Practical arrangements for the late transposition of the AIFMD
Source: ESMA
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