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Moscow Exchange To Launch The Blue-Chip Index
May 23, 2013--On May 27, 2013 the Moscow Exchange will launch the Blue-Chip Index, the benchmark tracking performance of most liquid and highly capitalized securities of 15 Russian issuers.
The Moscow Exchange's Blue-Chip Index is a fully representative indicator properly reflecting situation on the Russian stock market. Capitalization of its constituents made up 65% of the total capitalization of the Russian equity market and trading volume of them — 75% of the overall equity market trading volume.
The Blue-Chip Index Methodology sets forth compliance of the index with both Russian and foreign legal framework. In particular, it meets requirements of the UCITS 20/35 rule as to the diversification of the index basket that must be applied to indices employed in European index funds.
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Source: WFE
ESMA publishes update to Prospectus Directive Q & A
May 23, 2013--ESMA has published the 19th update to its Questions and Answer on the Prospectus Directive.
view the Questions and Answers Prospectuses-19th updated version-May 2013
Source: ESMA
New Lyxor Active ETF launched in the XTF segment on Xetra
ETF tracks actively managed portfolio of implied volatility and money market
May 23, 2013--A new active ETF from the issuer Lyxor Asset Management has been tradable in Deutsche Börse's XTF segment since Thursday.
Name: Lyxor ETF Unleveraged S&P 500 VIX Futures Enhanced Roll
Asset class: volatility
ISIN: FR0011376565
Total expense ratio: 0.40 percent
Distribution policy: non-distributing
Benchmark: Portfolio of S&P 500 VIX Futures Enhanced Roll Index and the US money market
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Source: Deutsche Börse
Lyxor switches seven UCITS ETFs to physical replication
May 23, 2013--Lyxor is extending its physically replicated exchange-traded fund range by switching seven UCITS ETFs which track the EUROMTS Investment grade indices from synthetic to physical replication.
For each underlying index, Lyxor provides the fund structure which optimises investment performance against each index.
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Source: etfexpress
Vanguard chooses FTSE indexes for 4 new ETF equity funds
May 22, 2013--Vanguard Group, one of the largest managers of exchange-traded funds, will use stock market indexes from FTSE Group for four new funds based in Ireland, the companies said on Wednesday.
Vanguard, which oversees about $288 billion in ETFs, said it would use indexes from FTSE for Irish-domiciled funds covering developed European stocks, developed Asian stocks excluding Japan, Japanese stocks and stocks from around the world that pay high dividends.
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Source: Reuters
NASDAQ OMX Commodities Launches German Power Initiative
Significant Market Interest Evident From New Liquidity Providers, Brokers And Market Makers
May 22, 2013--The German Power Initiative, aimed at making the German power market more transparent, liquid and cost effective, continues to receive strong market support.
To date, 10 liquidity providers, 3 brokers and 1 market maker have signed on, since NASDAQ OMX Commodities invited members to participate in March. The German Power initiative is part of NASDAQ OMX’s overall commodities strategy to leverage its best in class technology platform and expand its presence in the three largest power markets in Europe.
With the increased focus on transparency by new regulations, exchange trading and clearing represents a great opportunity for NASDAQ OMX Commodities in Europe.
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Source: NASDAQ OMX
DB-Synthetic Equity & Index Strategy-ETF Research-European Weekly ETF Market Review
May 22, 2013--The most recent issue of the European Weekly ETF Market Review is now available. The report includes key statistics on the European ETF market as well as global ETF market highlights.
request report
Source: Source: Deutsche Bank - Synthetic Equity & Index Strategy - Europe
STOXX introduces equal weight version for China A 50 Index
May 22, 2013--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today introduced the STOXX China A 50 Equal Weight Index, which represents the components of the recently launched STOXX China A 50 Index irrespective of their market capitalization by weighing them equally.
The new index is designed to underlie financial products such as exchange-traded funds (ETFs) or structured products.
“STOXX is not only committed to develop innovative index concepts, but also to apply new strategies to existing indices to offer market participants a broad set of superior benchmarks,” said Hartmut Graf, chief executive officer, STOXX Limited. “In the new STOXX China A 50 Equal Weight Index, the smallest companies are given the same weight as the largest companies, thus no small group of components dominates the index. This leads to a maximum diversification of China’s largest 50 A-shares.”
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Source: STOXX
IMF Survey-U.K. Should Restore Growth, Rebalance Economy
May 22, 2013--Some signs of an uptick in growth, but still far from strong, sustainable recovery
Financial policies should ensure monetary easing reaches broader economy
Fiscal, structural policies to boost expectations of incomes and investment returns
The United Kingdom could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job skills, the International Monetary Fund said as it wrapped up its annual check of Europe's third largest economy.
Despite recent improvements in some indicators of economic growth, the economy is still a long way from a strong and sustainable recovery. The economy also needs to rebalance, the IMF said, and make the transition to a high-investment and more export-oriented economy.
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Source: IMF
IMF-United Kingdom-2013 Article IV Consultation Concluding Statement of the Mission
May 22, 2013--Activity appears to be improving, but a slow recovery remains likely
1. Recent data suggest some improvement in economic and financial conditions. Purchasing indicators, demand for vehicles, and consumer and business sentiment surveys indicate an uptick in activity. Moreover, the drag from construction and trade might prove to be less than last year.
And private sector employment growth has been notably strong. Coming after disappointing growth in 2012, such promising news is encouraging.
2. The UK is, however, still a long way from a strong and sustainable recovery. Notwithstanding the recent uptick in activity, per capita income remains 6 percent below its pre-crisis peak, making this the weakest recovery in recent history. Of particular concern is that capital investment (as a share of GDP) is at a postwar low, and that youth unemployment is high.
3. The prospect remains for weak growth. Given ongoing domestic deleveraging pressures and weak external demand, activity is expected to pick up only gradually. Similar to the view of the Office for Budget Responsibility, the most likely scenario is a prolonged period in which output is below potential.
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Source: IMF
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