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Deutsche unveils inaugural physical ETF range
December 14, 2012--Db X-trackers, the exchange traded fund (ETF) arm of Deutsche Bank, has launched its first physical ETFs on the London Stock Exchange.
The direct replication products track the FTSE 100, the Euro Stoxx 50 and the Euro Stoxx 50 Ex Financial indices.
The launch marks the first time the provider has offered a range of physically-replicated products, as part of its new dual strategy in providing both direct and indirect replication ETFs.
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Source: CityWire
Unscheduled free float adjustment in TecDAX
Adjustment for XING AG as of 18
December 14, 2012--Deutsche Börse has announced an unscheduled adjustment to the free float of XING AG in TecDAX.
Due to the takeover by Burda Digital GmbH, the free float of XING AG altered by more than 10 percentage points. According to the guideline to the equity indices the company’s free float will thus be reduced from the current 68.7 percent to 39.45 percent.
The adjustment will become effective next Tuesday, 18 December 2012.
The next regular review of the Deutsche Börse blue-chip indices will be on 5 March 2013.
Source: Deutsche Börse
New Lyxor chief outlines ETF ambitions
December 14, 2012--Arnaud Llinas, the newly appointed global head of Lyxor's exchange traded fund and indexing business, aims to help Lyxor recapture market share to become Europe's second largest ETF provider by the end of 2013.
With assets of $37.4bn at the end of November, Lyxor is currently the third largest player in the European ETF market behind iShares ($132.4bn) and db-X trackers ($48.1bn), according to data from ETFGI, a consultancy.
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Source: FT.com
EURO STOXX 50 ex Financials Index licensed to Deutsche Bank to underlie ETF
December 14, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced that the EURO STOXX 50 ex Financials Index has been licensed to Deutsche Bank AG to serve as the underlying for an exchange-traded fund (ETF).
The db x-trackers EURO STOXX 50® ex Financials UCITS ETF (DR) will be listed on London Stock Exchange today, and become available on Xetra and Borsa Italiana in the next days.
“The EURO STOXX ex Financials Index offers market participants a tool to access the performance of leading Euro zone companies without exposure to the financial industry,” said Hartmut Graf, chief executive officer, STOXX Limited. “At the same time, the index is based on the superior and established methodology and composition of Europe’s favourite equity index.”
Launched on October 17, 2011, the EURO STOXX 50 ex Financials Index follows the same methodology as the underlying EURO STOXX 50 Index, but excludes all companies in the underlying index which are classified as ICB industry Financials (code 8000).
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Source: STOXX
ShortDAX x3 and LevDAX x3 Indices to underlie two exchange-traded products for the first time
December 13, 2012--Deutsche Börse today announced that the ShortDAX x3 and LevDAX x3 indices have been licensed to London-based firm Boost ETP to serve as the basis for exchange-traded products (ETPs) for the first time.
The Boost LevDAX 3x Daily ETP and Boost ShortDAX 3x Daily ETP are available today on the London Stock Exchange.
“The ShortDAX and LevDAX index series are designed for sophisticated market participants with diverse risk profiles who seek access to leveraged instruments in the DAX. In this case, the ShortDAX x3 and LevDAX x3 indices measure triple the performance of the DAX either directly or in an inverse way,” said Hartmut Graf, chief executive officer of STOXX. STOXX is the marketing agent for the indices of Deutsche Börse AG and SIX, including the DAX and SMI indices.
Nik Bienkowski, Co-CEO, Boost ETP, commented: “We are delighted to be listing two ETPs which will provide 3x short and 3x leveraged returns based on daily changes in the DAX. The DAX is one of Europe’s most liquid and widely followed benchmarks, which suits BOOST’s requirement for liquid, transparent and blue-chip benchmarks for our new ETP platform. BOOST’s 3DES and 3DEL allows investors to take advantage of trading and hedging opportunities using the DAX in a simple, liquid and robust exchange traded security.”
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Source: Deutsche Börse
Standard & Poor's Ratings Research Update: Outlook On United Kingdom Revised To Negative; 'AAA/A-1+' Ratings Affirmed
December 13, 2012--Overview
We now expect the United Kingdom's net general government debt as a
percentage of GDP to continue to rise in 2015, before declining again.
Future employment or growth shocks could pressure government finances further.
We are therefore revising our outlook on the unsolicited long-term
ratings on the U.K. to negative, from stable, reflecting our view of a
one-in-three chance that we could lower the ratings if the U.K.'s
economic and fiscal performances weaken beyond our current expectations.
We are affirming our 'AAA/A-1+' long- and short-term unsolicited sovereign credit ratings on the U.K.
We have also revised to negative from stable the outlook on our 'AAA' ratings on the Bank of England and the debt program of Network Rail Infrastructure Finance PLC.
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Source: Standard & Poor's
STOXX launches global emerging markets exposed index
December 13, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today introduced the STOXX Global 1800 EM Exposed Index.
The new index represents those companies within the STOXX Global 1800 Index that derive a substantial part of their revenues from Emerging Markets countries, thus providing exposure to these growing markets through liquid securities.
The STOXX Global 1800 EM Exposed Index is designed to act both as a proper benchmark for actively managed funds, and as an underlying to exchange-traded funds and other investable products.
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Source: STOXX
EURO STOXX 50 Daily Leverage 3 and Daily Short 3 Indices Licensed to BOOST
Indices to underlie two exchange-traded products for the first time
December 13, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced that the EURO STOXX 50 Daily Leverage 3 and EURO STOXX 50 Daily Short 3 indices have been licensed to Boost ETP LLP to serve as the underlying for two exchange-traded products (ETPs).
The Boost EURO STOXX 50 3x Leverage Daily ETP and Boost EURO STOXX 50 3x Short Daily ETP will be listed on London Stock Exchange today.
“The EURO STOXX 50 Daily Leverage 3 and Daily Short 3 indices are part of STOXX’s innovative strategy index offering,” said Hartmut Graf, chief executive officer, STOXX Limited. “These indices are aimed at sophisticated market participants who seek a triple leveraged exposure to Europe’s leading blue-chip index during bullish or bearish markets.”
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Source: STOXX
Gold inflows to continue into 2013
December 13, 2012--Inflows into European gold exchange traded products (ETPs) have reached US$6.8BN year to date (15.4% growth), bringing total assets to US$44.2BN1 in a year when the spot gold price has increased by 9% year to date in US$ terms and ranged from US$1,540 to US$1,790/oz1.
As demand for gold and other precious metals has continued to grow, investors have increasingly adopted physically-secured ETPs as their vehicle of choice. The Source Physical Gold P-ETCETP (BBG: SGLD LN, annual fee of 0.29%) has gathered the highest net new assets (NNA) of any European gold ETP year to date, accounting for 23% of total gold NNA in Europe and remains the most traded gold ETP on the LSE1,3. It is now among the largest exchange-traded physical gold products globally, with AuM in excess of US$4BN2.
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Source: Source
Eleven EU countries get Parliament's all clear for a financial transaction tax
December 12, 2012--Eleven EU countries planning to introduce a financial transaction tax (FTT) won a resounding go-ahead from MEPs on Wednesday.
Together, they account for 90% of Eurozone GDP. MEPs have long advocated an FTT to make financial market players take more responsibility for resolving the crisis that they caused and to discourage excessive risk-taking in future.
"It is not a solution to spare the financial sector from a tax, the very same sector which is now even benefitting from the crisis. Delay in implementing this tax is costing money which is being footed by normal people" said rapporteur Anni Podimata (S&D, EL) in the debate on Tuesday. Her resolution was adopted by 533 votes to 91, with 32 abstentions.
The text stresses that the ultimate goal should still be a worldwide FTT, and urges the EU to continue campaigning for it. To this end, the pioneer eleven should set an example of what a geographically wider tax could achieve, it adds
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Source: European Paliament
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