New Xtrackers ETFs on Xetra: Diversified commodity Investment, equally weighted S&P 500 with currency hedging and Emerging Market equities
November 9, 2021--Three new exchange traded funds from issuer Xtrackers have been tradable on Xetra and Börse Frankfurt since Tuesday.
The Xtrackers Bloomberg Commodity Swap UCITS ETF 1C offers interested investors access to a diversified basket of commodity futures. This basket can consist of up to 25 individual commodities from the energy, agriculture, livestock, industrial and precious metals sectors.
The weighting of the individual commodities is based on liquidity criteria as well as economic factors. However, each of the five sectors or 25 individual commodities may not exceed a maximum weighting of 33 per cent or 15 per cent.
The Xtrackers S&P 500 Equal Weight UCITS ETF 2C - EUR Hedged offers investors an alternative to the classic S&P 500, the index with the 500 largest companies listed in the USA. However, the shares are not weighted according to their market capitalization, but in equal parts. In addition, investors in this share class receive a currency hedge against the euro.
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Source: Xetra
New Amundi ETFs on Xetra: Access to sustainable companies from Europe and Emerging Markets
November 9, 2021--Two new exchange traded funds from issuer Amundi have been tradable via Xetra and Börse Frankfurt since Tuesday.
With the Amundi Index MSCI Europe SRI UCUTS ETF (DR) (D) and the Amundi Index MSCI Emerging Markets SRI UCITS ETF (DR) (D), investors looking for a responsible investment can participate in large and medium-sized companies from 15 developed countries in Europe or 26 emerging markets worldwide.
Companies with significant business activities related to fossil fuels and the arms, tobacco, adult entertainment, alcohol, gambling, or nuclear energy sectors are excluded from the MSCI Europe and the MSCI Emerging Markets equity universe. The remaining stocks are than sorted, so that the companies with the best ESG profiles are overweighted in accordance with the best-in-class approach.
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Source: Xetra
Physical carbon credit ETF wins praise despite some misgivings
November 8, 2021--Steeply rising energy prices could have a negative consequences or prompt price intervention, experts say.
WisdomTree has renewed its futures-based Carbon ETF (CARB) At LSE in August this year
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Source: FT.com
European value ETFs suffer record redemptions as optimism fades
November 5, 2021--Withdrawals follow a surge in demand for the funds on belief that they were set to return to outperformance.
Traders pulled a record web €3.7bn from European value ETFs within the three months to September, in line with knowledge from Morningstar...
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Source: ft.com
Indxx Licenses 2 Indices to Global X ETFs for UCITS Product Suite
November 4, 2021--Indxx is pleased to announce that Global X ETFs is licensing the following indices from Indxx, adding to their growing suite of UCITS funds launching today on the London Stock Exchange (LSE), in addition to having been listed on Euronext Dublin on November 2nd.
Indxx U.S. Infrastructure Development v2 Index, the underlying benchmark for the Global X U.S. Infrastructure Development UCITS ETF (PAVE)
Indxx Global Cloud Computing v2 Index, the underlying benchmark for the Global X Global Cloud Computing UCITS ETF (CLO)
The Indxx U.S. Infrastructure Development v2 Index is designed to follow the performance of companies involved in infrastructure development in the United States, including those participating in the construction and engineering of infrastructure projects; the production of infrastructure raw materials, composites and products; producers/distributors of heavy construction equipment; and companies engaged in the transportation of infrastructure materials.
The Indxx Global Cloud Computing v2 Index tracks the performance of companies that are in the Cloud Computing Industry. These include those involved in the delivery of computing services, servers, storage, databases, networking, software, analytics and more over the Internet, which is referred to as "The Cloud".
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Source: Indxx
New Deka ETF on Xetra: Bonds from sustainable and climate-friendly companies
November 4, 2021--Since Thursday, a new exchange-traded fund issued by Deka Investments is tradable on Xetra and Böörse Frankfurt.
With the Deka MSCI EUR Corporates Climate Change ESG UCITS ETF, investors focus on fixed-income corporate bonds issued in euros with an investment grade rating. These must have a residual term of at least one year and a minimum outstanding volume of €500 million.
Only companies from developed countries that meet sustainability criteria and strive to reduce their exposure to CO2 emissions are included. Consequently, companies are excluded from the index that operate in sectors with potentially strong negative ESG impacts, that disregard the guidelines set by the United Nations Global Compact or are involved in controversies concerning ESG criteria.
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Source: Xetra
Research: UK official holdings of international reserves: October 2021
November 3, 2021--This release details movements in the international reserves of gold and assets held by the UK government.
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Source: gov.uk
The socioeconomic effects of COVID-19 on women
November 3, 2021--The pandemic has disproportionately affected women both professionally and at home. Although the gender gap in labour force participation since the onset of the pandemic hasn't worsened, policy still needs to tackle existing gender gaps, which for some EU countries are very substantive.
Following widespread vaccination campaigns, European economies are beginning to emerge from the depths of the recession caused by the COVID-19 pandemic. As billions are spent to accelerate the recovery and stabilise economic growth, it is important to highlight that not all members of society are emerging from this crisis in the same way and to understand why. The COVID-19 pandemic affected women significantly differently from men in many dimensions. Pre-existing deep rooted gender inequalities have been exacerbated so much that this pandemic has been referred to as a step backwards for gender equality.
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Source: bruegel.org
ECB-Monetary developments in the euro area: September 2021
October 27, 2021-- Annual growth rate of broad monetary aggregate M3 decreased to 7.4% in September 2021 from 7.9% in August
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, stood at 11.0% in September, unchanged from previous month
Annual growth rate of adjusted loans to households stood at 4.1% in September, compared with 4.2% in August
Annual growth rate of adjusted loans to non-financial corporations increased to 2.1% in September from 1.5% in August
Components of the broad monetary aggregate M3
The annual growth rate of the broad monetary aggregate M3 decreased to 7.4% in September 2021 from 7.9% in August, averaging 7.6% in the three months up to September.
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Source: ECB
Germany's post-pandemic current account surplus
October 22, 2021--The pandemic has increased the net lending position of the German corporate sector. By incentivising private investment, policymakers could trigger a virtuous cycle of increasing wages, decreasing corporate net lending, which would eventually lead to a reduction of the economy-wide current account surplus.
In 2019, Germany ran a current account surplus of $290 billion, the largest in the world. Germany's current account surplus is persistently large: from 2011 to 2020, it never dropped below 6% of GDP and remained above 7% for six consecutive years (from 2014 to 2019, see Figure 1). Such levels are highly unusual for a country in the western world as was pointed out back in 2018.
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Source: bruegel.org