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Eurex Clearing launches EurexOTC Clear for Interest Rate Swaps
New OTC clearing service successfully went live on 13 November 2012/Launch was supported by 10 clearing members/ First transactions successfully cleared/Strong Client Asset Protection and high capital efficiency through portfolio risk management
November 15, 2012--Eurex Clearing, Europe's leading clearing house, announced today that EurexOTC Clear for Interest Rate Swaps (IRS) successfully went live on 13 November 2012.
The launch was supported by Eurex Clearing’s cooperation banks Barclays, Citigroup Global Markets Ltd., Credit Suisse, Deutsche Bank and J.P. Morgan.
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Source: Eurex
Eurozone tips into recession
November 15, 2012--The 17-nation eurozone tipped into recession in the third quarter, with the economy shrinking 0.1 percent compared with the three months to June when it contracted 0.2 percent, official data showed Thursday.
In comparison, the full 27-state European Union eked out growth of 0.1 percent, again after a contraction of 0.2 percent in the second quarter, the Eurostat statistics service said in a statement.
Recession is defined as two consecutive quarters of decline, putting the eurozone technically in recession as the debt crisis undercuts growth and pushes unemployment soaring to record highs.
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Source: EUbusiness
Euro area investment fund statistics
November 15, 2012--In September 2012, the amount outstanding of shares/units issued by euro area investment
funds other than money market funds was €269 billion higher than one quarter earlier in June
2012.
This increase was due mainly to increases in share/unit prices.
The amount outstanding of shares/units issued by euro area investment funds other than money market funds increased to €6,338 billion in September 2012, from €6,069 billion
in June 2012. Over the same period, the amount outstanding of shares/units issued by euro area money market funds decreased to €942 billion from €969 billion.
Transactions1 in shares/units issued by euro area investment funds other than money market funds amounted to €75 billion in the third quarter of 2012, while transactions in shares/units issued by money market funds amounted to minus €24 billion.
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Source: ECB
DB-Synthetic Equity & Index Strategy-Europe-ETF Research-European Weekly ETF Market Review
November 15, 2012--The most recent issue of the Deutsche Bank-Synthetic Equity & Index Strategy-ETF Research-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. For more detailed coverage please refer to the monthly report, issued in the first week following the end of each month.
request report
Deutsche Bank - Synthetic Equity & Index Strategy - Europe
ESMA publishes an update of the list of waivers under MiFID
November 15, 2012--This update concerns the pre-trade transparency waiver SK 1.
view the Waivers from Pre-trade Transparency
CESR positions and ESMA opinions
Source: ESMA
Lyxor-On December 6th and 11th, 4 ETFs based on the EuroMTS Macro Weighted AAA Government Index series will be converted to physical replication
November 15, 2012--Please note that on December 6th and 11th, 4 ETFs based on the EuroMTS Macro Weighted AAA Government Index series will be converted to physical replication.
Lyxor ETF EuroMTS AAA Macro-Weighted Government 1-3Y
Lyxor ETF EuroMTS AAA Macro-Weighted Government 3-5Y
Lyxor ETF EuroMTS AAA Macro-Weighted Government 5-7Y
click here for more info
Source: Lyxor
Vanguard Takes Aim at U.K. as Fees Replace Commissions
November 15, 2012--Vanguard Group Inc. rose to the top of the U.S. mutual fund industry by preaching the merits of cheap index-tracking funds. Now it wants to convert U.K. investors as that country enacts new rules that may lower fund costs that are among the highest in the developed world.
The firm is seeking to expand its less than 1 percent share of the 629 billion pound ($998 billion) market in the U.K. by more aggressively courting financial advisers, who control much of the country’s fund distribution, and striking deals to make its products more broadly available. Vanguard last month won access to the 13,000 U.K. advisers who use Cofunds, a platform with 45 billion pounds under administration.
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Source: Bloomberg
NYSE Euronext announces new Investment Funds on European markets- Intereffekt Investment Funds
November 14, 2012--NYSE Euronext is pleased to announce that Intereffekt Investment Funds N.V. have listed one new Investment Fund(s) on NYSE Euronext's Fund Service on November 14, 2012:
Listing Date: November 14, 2012
Trading Name:Intereff High Div
ISIN: NL0010278073
Symbol: INFRO
Benchmark index:MSCI Frontier Markets Index
TER: 2.30
NYSE Euronext has now 208 Investment Funds listed on the Euronext Funds Service (EFS).
Source: NYSE Euronext
Equity funds recorded net inflows of EUR 3 billion in September
November 14, 2012--The European Fund and Asset Management Association (EFAMA) has today published its latest Investment Fund Industry Fact Sheet*, which provides investment sales and asset data for September 2012.
26 associations representing more than 99.6 percent of total UCITS and non-UCITS assets at the end of September 2012 provided us with net sales and/or net assets data.
The main developments in September 2012 in the reporting
UCITS recorded net outflows of EUR 10 billion in September, compared to net inflows of EUR 24 billion in August. This turnaround came on the back of a large swing in net sales of money market funds.
Long-term UCITS (UCITS excluding money market funds) remained steady in September registering net inflows of EUR 13 billion for the second successive month
view the EFAMA Investment Fund Industry Fact Sheet-September 2012 Data
Source: EFAMA
Implementation of the Alternative Investment Fund Managers Directive
November 14, 2012--This Consultation Paper (CP) is the first of two on rules and guidance to transpose the requirements of the Alternative Investment Fund Managers Directive (AIFMD) into UK law. This means making changes to primary and secondary legislation (which the Treasury will consult on) and to the FSA Handbook.
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view the Implementation of the Alternative Investment Fund Managers Directive consultation paper
Source: FSA.gov.uk
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