Turnover at Deutsche Boerse's cash markets at 103 billion euros in April
May 1, 2013-- Order book turnover on Xetra, the Xetra Frankfurt Specialist trading and Tradegate stood at €103.0 billion in April (April 2012: €99.2 billion).
Of the €103.0 billion, €95.6 billion were attributable to Xetra (April 2012: €94.6 billion). €4.3 billion were attributable to the Xetra Frankfurt Specialist trading (April 2012: €4.6 billion). Order book turnover on Tradegate Exchange* totalled approximately €3.1 billion in April (April 2012: €2.7 billion).
In equities, turnover reached €89.0 billion on Deutsche Börse's cash markets (Xetra: €84.3 billion, Xetra Frankfurt Specialist trading: €1.9 billion, Tradegate Exchange: €2.8 billion). Turnover in bonds was €1.2 billion, and in structured products on Scoach €1.4 billion. Order book turnover in ETFs/ETCs/ETNs amounted to €11.4 billion.
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Source: Deutsche Börse
Funds hit at planned European transactions tax
April 30, 2013--Chief investment officers for some of the region's largest pension funds have warned over plans by 11 eurozone
countries to cash and derivatives transactions tax
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Source: FT.com
FTSE launches ET100 Environmental Technologies index
April 30, 2013--FTSE Group ("FTSE"), the global index provider, has launched the FTSE ET100 index, adding to its innovative FTSE Environmental Markets Series. Jupiter (one of the UK's leading fund groups) is adopting the new index as the benchmark for its pioneering Jupiter Ecology Fund immediately.
The Environmental Technologies Index Series is designed to measure the performance of companies whose core business is in the development and operation of environmental technologies. To qualify, companies must derive at least 50% of their business from environmental markets. These include Renewable & Alternative Energy, Energy Efficiency, Water Infrastructure & Technology, Waste Management & Technologies, Pollution Control and Environmental Support Services, as defined by the FTSE Environmental Markets Classification System (EMCS). There are now 21 indices in the associated FTSE Environmental Markets Series including the Environmental Technology indices.
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Source: FTSE
Lyxor strengthens its Cross Asset Research with the appointment of Rob Koyfman
April 30, 2013--Lyxor Asset Management is reinforcing its Cross Asset Research team with the appointment of Rob Koyfman as Senior Strategist.
Based in New York, Rob reports to Jeanne Asseraf-Bitton, Global Head of Cross Asset Research.
Lyxor Asset Management derives its established experience as a leading asset manager from a unique and thorough research expertise. 20 research professionals are exclusively dedicated to providing cross asset, alternative and quantitative research across all Lyxor businesses.
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Source: Opalsque
Brussels plan will 'kill off' money funds
April 28, 2013--It could potentially force funds to switch excess cash into unsecured commercial paper.
… Even if it's negotiated down, we still believe that the vast majority of CNAV funds will get out of the business,” one
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Source: FT.com
Institutional interest helping to drive growth in exchange traded funds
April 26, 2013--The European exchange traded products (ETP) market will more than double in size by the end of 2017 to reach $900 billion in assets, the global head of Blackrock's iShares funds said today.
Mark Wiedman said the market was on a "wild ride"
"In Europe, assets held in ETPs hit a new high of $387bn at the start of this year. We’re predicting the European ETP category will more than double over the next five years to over $900bn.”
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Source: European Pensions
Amundi appoints Laurent Guillet, Chief Executive Officer of its London Branch
April 26, 2013--Continuing its international development, Amundi strengthens its subsidiary in the United Kingdom with the appointment of Laurent Guillet as Chief Executive Officer, Amundi London Branch.
Since October 2010, Amundi London Branch has been under the responsibility of Laurent Crosnier who held the dual role of Chief Executive Officer and Chief Investment Officer. Under his direction, the teams at Amundi London Branch have successfully developed its investment activities. In order to further strengthen this business, Amundi has therefore decided to separate these two roles with the nomination of Laurent Guillet.
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Source: Amundi
FCA sets out new rules for the platforms industry
April 26, 2013--The Financial Conduct Authority has published rules to make the way that investors pay for platforms more transparent.
In the future, platforms, in both the advised and non-advised market, will not be allowed to be funded by payments (commonly described as ‘rebates’) from product providers. Instead, a platform service must be paid for by a platform charge which is disclosed to and agreed by the investor.
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Source: FCA.org.uk
New State Street bond index ETF launched on Xetra
ETF tracks inflation-protected corporate bonds from emerging markets
April 25, 2013--A new exchange-listed bond index fund issued by SPDR (State Street Global Advisors) has been tradable on Xetra(R) since Thursday.
ETF name: SPDR Barclays EM Inflation Linked Local Bond UCITS ETF
Asset class: bond index ETF
ISIN: IE00B7MXFZ59
Total expense ratio: 0.55 percent
Distribution policy: distributing
Benchmark: Barclays Emerging Markets Inflation Linked 20% Capped Index
The aim of the SPDR Barclays EM Inflation Linked Local Bond UCITS ETF is to track the performance of government bonds from individual emerging-market countries in local currencies with protection against inflation risk. The reference index, Barclays Emerging Markets Inflation Linked 20% Capped Index, includes inflation-protected bonds from the following countries: Brazil, Chile, Israel, Korea, Mexico, Poland, South Africa, Thailand and Turkey. The maximum weighting of a single country is limited to 20%.
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Source: Xetra
SPDR(R) ETFs Launches World First ETF on Emerging Market Inflation-Linked Bonds
SPDR ETF Research Shows Nearly Half of Asset Managers and Pension
Professionals Across Europe Plan to Increase their Exposure to EM bonds in Next Three Years
April 25, 2013--SPDR ETFs, the exchange traded funds (ETF) platform of State Street Global Advisors (SSgA), announced today that it has launched the SPDR Barclays EM Inflation-Linked Local Bond UCITS ETF on the Deutsche Börse-the world's first ETF giving pure exposure to EM inflation-linked debt.
The new physically-backed ETF tracks the Barclays EM Inflation-Linked 20% Capped Index, which includes inflation-linked sovereign bonds issued by Brazil, Mexico, Chile, South Africa, Poland, Turkey, Israel, Korea and Thailand.
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Source: State Street Global Advisors
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