Research: UK official holdings of international reserves: February 2022
March 3, 2022--This release details movements in the international reserves of gold and assets held by the UK government..
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Source: gov.uk
DWS Launches Two Net Zero ETFs Tracking Solactive ISS ESG Net Zero Pathway Index Series
March 3, 2022--ESG has been gaining momentum in the last years, and investors have been increasingly considering aligning their decisions with those values. Solactive is now pleased to announce that DWS has launched two net-zero ETFs tracking Solactive ISS ESG Net Zero Pathway Index Series offering core exposure to eurozone and developed market equities.
The Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF and the Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF seek to track, respectively, the Solactive ISS ESG Developed Markets Eurozone Net Zero Pathway Index and the Solactive ISS ESG Developed Markets Net Zero Pathway Index, which constitute the series.
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Source: Solactive AG
ESMA publishes latest edition of its newsletter
March 3, 2022-The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today published its February edition of the Spotlight on Markets Newsletter.
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Source: ESMA
Climate Change in Europe and Central Asia
February 28, 2022--Europe and Central Asia-Vulnerability to Climate Change
The Europe and Central Asia region faces increasing vulnerability to climate change, as warmer temperatures and more volatile weather patterns disrupt ecosystems and increase the frequency of extreme droughts, floods, heat waves, and forest fires. The poorest countries and most vulnerable households are likely to face the worst impacts of climate change, through lost livelihoods and environmental degradation.
While the financial cost of protecting and strengthening the resilience of countries in the region to the impacts of climate change is substantial, it is far outweighed by the cost of inaction or delayed investments. If no action is taken, economic damages from droughts and floods in Central Asia are projected to be up to 1.3% of GDP per annum, while crop yields are expected to decrease by 30% by 2050, leading to around 5.1 million internal climate migrants by that time.
Even European Union countries will experience large impacts-without adaptation more than 400,000 jobs are expected to be lost annually by 2050, with the overall cost of climate-related extreme weather reaching €170 billion by the end of the century.
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Source: worldbank.org
ECB-Monetary developments in the euro area: January 2022
February 25, 2022--Annual growth rate of broad monetary aggregate M3 decreased to 6.4% in January 2022 from 6.9% in December
Annual growth rate of narrower monetary aggregate M1, comprising currency in circulation and overnight deposits, decreased to 9.0% in January from 9.8% in December.
Annual growth rate of adjusted loans to households stood at 4.3% in January, compared with 4.2% in December
Annual growth rate of adjusted loans to non-financial corporations stood at 4.4% in January, compared with 4.3% in December
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Source: ecb.europa.eu
Global and Domestic Challenges Weigh on Outlook for Turkish Economy in 2022
February 25, 2022--Turkey's economy is likely to expand at a much slower pace this year as rising domestic macroeconomic and financial challenges moderate growth in 2022 following an unexpectedly strong economic growth in 2021, says the latest edition of the World Bank's Turkey Economic Monitor report, released today.
Frequent changes in the monetary policy setting, epitomized by a series of interest rate cuts since last September, sent the Lira dropping to historic lows and inflation soaring to record highs. While exports boomed in 2021, these challenges have eroded real incomes for the poorer households. The COVID-19 pandemic added to the problem, and negatively impacted poverty reduction.
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Source: worldbank.org
New Active ETF from First Trust on Xetra: global companies with sustainability focus and capital strength
February 23, 2022--Since Wednesday, a new Active ETF issued by First Trust is tradable on Xetra and Börse Frankfurt.
The First Trust Global Capital Strength ESG Leaders UCITS ETF offers investors the opportunity to participate in the performance of companies from the MSCI ESG Index through an active investment strategy.
Using the "capital strength method", around 50 large and medium-sized companies from industrialised and emerging countries are selected that have good capitalisation and strong balance sheets. In addition, the companies have a high ESG performance relative to comparable companies.
The main constituents are companies from the industrial, financial, and healthcare sectors as well as the consumer staples sector.
Companies that do business in alcohol, tobacco, gambling, nuclear energy, and weapons are excluded.
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Source: Xetra
New stock index ETF issued by Xtrackers on Xetra: access to sustainable US companies with currency hedging
February 22, 2022--A new exchange-traded fund issued by Xtrackers has been tradable on Xetra and Börse Frankfurt since Tuesday.
The Xtrackers MSCI USA ESG Screened UCITS ETF- EUR Hedged offers investors the opportunity to participate in the performance of large and medium-sized companies based in the USA.
Only companies that are part of the MSCI USA index and meet ESG criteria are considered.
Companies from controversial sectors such as arms production, tobacco and coal industries are excluded. The same applies to companies that violate the principles of the United Nations Global Compact.
Currency risks to the euro are minimised.
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Source: Xetra
IMF Country Focus-UK Economy Rebounding Amid Growing Inflationary Pressures
February 23, 2022--Thanks to a rapid vaccination campaign and highly accommodative policies, the United Kingdom's economic recovery has proceeded faster than expected. The near-term growth outlook remains strong-but so too are inflationary pressures.
Monetary policy will need to tighten steadily to anchor inflation expectations and bring inflation back to target.
Careful communication to counter expectations of a long cycle of rate hikes and high borrowing costs would help reduce the drag on growth in 2023. Fiscal policy could support this tightening cycle if planned consolidation was brought forward slightly.
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Source: IMF
ECB-Euro area investment fund statistics: fourth quarter of 2021
February 18, 2022--TIn fourth quarter of 2021, outstanding amount of shares/units issued by investment funds other than money market funds rose to &euro:16,258 billion, up &euro:691 billion on previous quarter
Net issues in quarter amounted to &euro:119 billion, with &euro:1,337 billion in gross issues and &euro:1,218 billion in gross redemptions
Outstanding amount of shares/units issued by money market funds rose to &euro:1,452 billion, up &euro:112 billion on previous quarter
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Source: ECB
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