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Eurex to extend its index derivatives segment
Launch of major regional and emerging markets country index derivatives based on MSCI Indices in a stepwise approach starting Q1 2013/Licensing agreement signed with MSCI
December 11, 2012--The international derivatives market Eurex Exchange announced today that it has signed a licensing agreement with the index provider MSCI.
In the course of 2013, Eurex aims to launch derivatives on around ten regional and 20 country indices. The offering will comprise the major regional indices for developed markets like the MSCI World and MSCI Europe Indices and a broad coverage of emerging markets and the respective country indices, including the MSCI Emerging Markets and MSCI Frontier Markets Indices. The new index derivatives will provide Eurex clients access to emerging markets, which become increasingly important for global investors. This extension will add a significant number of index derivatives to the existing segment which currently covers 70 different indices.
“Based on demand of our members and market participants, we will expand our product suite. The underlying MSCI indices are highly regarded in the financial industry, especially by buy-side institutions,” said Peter Reitz, member of the Eurex Executive Board. “Currently, there are only a few listed index derivatives available globally based on the respective indices. With our planned product initiatives we will offer new hedging opportunities for institutional investors.”
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Source: Eurex
Vienna Stock Exchange Launches Distributing Indices On The ATX
December 10, 2012--Starting today, the Vienna Stock Exchange will calculate and publish the ATX Distributing and the ATX Top Dividend Distributing. The two new indices are a dividend distributing version of their underlying indices.
Dividends play an important role when analysing total return on investment. The calculation of distributing indices is our response to demand for portraying additional dividend strategies.
Unlike total return indices, which reflect the reinvestment of dividends, distributing indices take the payout of dividends into account. The new index design therefore introduces a theoretical cash component that replicates the net dividend payments plus daily accrued interest according to the EONIA interbank rate. The distribution of the cash accumulated theoretically is reflected by resetting the cash component to zero twice a year.
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Source: Vienna Stock Exchange
Deutsche Bank holt Simon Klein zuruck
December 10, 2012--Die Deutsche Bank mit ihrer ETF-Marke db X-trackers und ihrer ETC-Marke db-X ETC verpflichtet Simon Klein för den hauseigenen Vertrieb.
Er kehrt somit nach rund zwei Jahren zu seinem alten Arbeitgeber zurück.
Wechsel von Lyxor
Simon Klein verstärkt den Bereich Asset & Wealth Management (AWM) der Deutschen Bank.
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Source: Youquant.com
Component changes made to EURO STOXX Select Dividend 30 Index
December 7, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced component changes in the EURO STOXX Select Dividend 30 Index due to the fast exit rule.
Component changes will become effective with the open of markets on December 24, 2012.
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Source: STOXX
Unscheduled component change in MDAX
Talanx to replace Douglas Holding in MDAX/ Constantin Medien to remain in SDAX
December 7, 2012--Deutsche Börse today decided on unscheduled changes in MDAX. Due to the takeover of Douglas Holding by Beauty Holding Three AG, the free-float of Douglas Holding dropped below 10 percent.
The company therefore no longer meets the minimum free-float criteria of the index.
In MDAX the shares of Talanx will replace Douglas Holding. Consequently, the changes to SDAX that were announced on 5 December will not be implemented and the shares of Constantin Medien will remain in SDAX.
The changes will be effective as of 12 December 2012. The next regular index review will be held on 5 March 2013.
Please go to www.dax-indices.com for further information.
Source: Deutsche Börse:
Clearer product charges to lead to a rise in trackers and ETFs
Low-cost funds are set to soar in popularity, but cost is not the only consideration for investors.
December 7, 2012--Hidden charges are the scourge of investing, but you'll be pleased to hear that imminent changes in regulation will make it easier for you to see exactly what you're paying for when buying an investment product.
And it's this realisation of what you're spending in charges, along with the rock-bottom interest rates making it hard to generate returns, that will cause low-cost tracker funds to soar in popularity.
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Source: The Independant
Credit Suisse Takes Ax to European Equities
December 7, 2012--Credit Suisse Group AG (CS) this week began a plan to shed more than 30 staff from its equities sales and trading business in Europe, with its head of global sales among those to be cut.
The ax has fallen heaviest on the Swiss bank's sales team, with a handful of redundancies also made in research. The Swiss bank's sales trading team in London has been left largely untouched, according to three people familiar with the situation.
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Source: FOX Business News
Lyxor rocked by two ETF exits
December 7, 2012--Lyxor, the third largest exchange traded funds provider in Europe, has been rocked by the departure of two of its most senior executives.
Simon Klein, head of ETFs, Europe and global head of business development in ETFs and indexing at Lyxor is to join Deutsche Bank’s asset and wealth management division in the newly created role of head of exchange traded funds and exchange traded commodity sales for EMEA and Asia.
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Source: FT.com
DB-Synthetic Equity & Index Strategy-Europe-ETF Research- Steady as she goes
December 7, 2012--Global Summary
Global ETF industry assets increased by 2.1% in November and closed the month at $1.62 trillion [YTD +24.6%] while the European ETF industry
ended the month at €245.8 billion [YTD +18.5%].
Cash flow activity was on
the rise with monthly flows of $23 billion in November as compared to a
modest $10.7 billion in October. However, the cash flow levels still lag
behind the September flows which were close to $40 billion.
Regional cash flow summary Cash flow activity picks up in the US
US domiciled ETFs collected over $19.7 billion in monthly cash flows which is a healthy improvement over the $1.4 billion received in October.
Equities came back strongly, registering monthly cash flows of $14.3 billion as compared to outflows of $4.2 billion registered over October.
Fixed income ETFs retained their popularity and registered cash inflows of $5.4 billion while commodity ETVs managed a modest $0.8 billion over the same period.
As of the end of November, equity ETFs increased their lead over fixed income products with YTD cash flows of $88.7 billion and $56.5 billion respectively.
New products drive cash flows in Asia
Asia domiciled ETFs registered $1.9 billion in monthly cash flows with
equities picking up the lion’s share. This takes the YTD flows for Asian
ETFs to $31.8 billion pushing the YoY asset growth to 36.4%.
Although Asia ETF assets are 2.5x smaller than European ETFs, their YTD cash flows are almost 1.5x [in $ terms] that of their European counterparts.
A large portion [59%], of the cash flows received by Asian ETFs in 2012 are on account of new product adoption, with the rest received by existing ETFs.
Europe cash flows revert following strong October
In contrast to October, which was the strongest cash flow month in 2012, November cash flows totaled a modest €1 billion.
While cash flows into European ETFs lacked strength, the positive direction persisted, made evident from the positive flows received by the major asset classes: equity [€283 million], fixed income [€470 million] & commodities [€292 million].
request report
Source: Deutsche Bank - Synthetic Equity & Index Strategy - Europe
Simon Klein and Nizam Hamid exit Lyxor Asset Management, Klein rejoins Deutsche Bank
December 7, 2012-- Head of ETF strategy at French ETF provider exits as Arnaud Llinas is named global head of ETFs & Indexing in Paris
Nizam Hamid, head of ETF strategy at Lyxor Asset Management,
the wholly owned subsidiary of Societe Generale, has left the exchange-traded funds (ETF) provider, according to sources. Simon Klein, global head of business development and head of ETF Europe at Lyxor has also left the bank.
Klein is to join Deutsche Bank's Asset & Wealth Management (AWM) division in the newly created role of head of exchange-traded funds (ETFs) and exchange-traded commodity (ETC) sales for EMEA and Asia. Klein was previously head of ETFs, Europe, and global head of business development, ETFs and indexing, at Lyxor Asset Management, and before that head of ETF distribution at Deutsche.
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Source: Risk.net
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