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STOXX Expands Maximum Dividend Strategy Index Family
September 12, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced the expansion of its Maximum Dividend Strategy Index family with the launch of the STOXX Global Maximum Dividend 40, STOXX Asia/Pacific Maximum Dividend 40, STOXX North America Maximum Dividend 40 and STOXX Japan Maximum Dividend 40 indices.
The new indices are designed to act both as a proper benchmark for actively managed funds, and as an underlying to exchange-traded funds and other investable products.
The new STOXX Maximum Dividend Indices represent a hypothetical investment portfolio that aims to maximize the dividend yield of the STOXX Global 1800, STOXX Asia/Pacific 600, STOXX North America 600 and STOXX Japan 600 indices by selecting those 40 companies in the underlying index that have the highest expected dividend yield.
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Source: STOXX
Deutsche Boerse signs exclusive agreement with Fitch Ratings to offer machine-readable credit ratings
September 12, 2012--Deutsche Boerse today announced an exclusive agreement with Fitch Ratings to deliver low-latency credit rating announcements in machine-readable format via its news feed "AlphaFlash".
The AlphaFlash Fitch Ratings feed will initially provide sovereign debt rating announcements including changes in outlook. Other types of credit ratings will be added in the next months.
“The Euro debt crisis has brought credit worthiness to the forefront of everyone’s attention. By adding Fitch ratings data, we are enabling AlphaFlash clients to instantly react to rating changes, which can have a huge market impact,” said Georg Gross, Head of Front Office Data & Analytics at Deutsche Börse. “For example, they can feed our data into their risk management tools and automatically unwind positions that may be exposed when an outlook or a rating deteriorates.”
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Source: Deutsche Boerse
ETF specialist launches 8 thematic funds
September 11, 2012--The London-based group ETF Securities has announced the launch of eight Ucits-compliant ETFs on the Swiss market which mainly focus on the energy sector.
ETF Securities, which currently manages over €21 billion and leading ETP provider, has launched the following Ucits ETFs on the SIX Swiss Exchange:
ETFX DAXglobal Alternative Energy Fund - designed to track the performance of the DAXglobal Alternative Energy Index, replicating performance of the fifteen largest companies worldwide in the alternative energy segment.
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Source: CityWire
Deutsche Bank decides to integrate asset management divisions
September 11, 2012--Deutsche Bank is planning to set up an asset and wealth manager-which will include businesses it had formerly put up for sale- – that is to serve as the bank's "fourth business pillar".
As announced in June, the bank plans to establish Asset & Wealth Management (AWM), including former corporate banking and securities business such as ETFs.
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Source: IP&E
ETF specialist launches 8 thematic funds
September 11, 2012--The London-based group ETF Securities has announced the launch of eight Ucits-compliant ETFs on the Swiss market which mainly focus on the energy sector.
ETF Securities, which currently manages over €21 billion and leading ETP provider, has launched the following Ucits ETFs on the SIX Swiss Exchange:
ETFX DAXglobal Alternative Energy Fund - designed to track the performance of the DAXglobal Alternative Energy Index, replicating performance of the fifteen largest companies worldwide in the alternative energy segment.
ETFX DAXglobal Coal Mining Fund - designed to track the performance of the DAXglobal Coal Index. The index‘s constituents are exclusively companies from the areas of coal mining, mining equipment and coal transportation that generate at least 50% of their revenue from this sector.
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Source: CityWire
New ETF issuer: ETF Securities-Further internationalization of the ETF segment of SIX Swiss Exchange.
September 10, 2012--Today, ETF Securities is entering the Swiss market as a new provider with eight products for which Susquehanna will act as market maker.
This entails a growth to 18 ETF issuers at SIX Swiss Exchange. The range of products now comprises a record number of 880 ETFs.
Rima Haddad, Head of Switzerland & Middle East at ETF Securities, comments "We are seeing a lot of interest and demand from Swiss investors in our products and are pleased to now be able to offer a range of investment solutions based on commodities and commodity related equities on the local exchange." In an interview[pdf], Rima Haddad introduces ETF Securities and presents the eight Exchange Traded Funds newly-listed on SIX Swiss Exchange.
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Source: SIX Swiss Exchange.
New World Bank Report Calls for Integrating Eastern Europe's Informal Labor and Firms into the Formal Economy
September 10, 2012--Too many of Eastern Europe's workers and firms are engaged in the "shadow economy"-doing business and work in untaxed and unregulated markets for goods and services-finds a new World Bank report "In From the Shadow: Integrating Europe"s Informal Labor." As the impacts of the euro crisis,
population ageing, and labor force shrinkage spread to emerging economies of Eastern Europe, bringing workers and firms in from the shadow economy is critical for long-term economic growth in Eastern Europe.
The report, launched today in Brussels at a joint Centre for European Policy Studies (CEPS) - World Bank conference, finds that integrating the informal economies in the countries of Eastern Europe with the formal sector is crucial for the well-being of households, the growth of firms, and the advancement of society. The report provides guidelines for policy makers in the New EU Member States to bring as much economic activity in from the shadow economy as possible.
view the In from the shadow : integrating Europe's informal labor report
Source: World Bank
Alt Ucits demand increases in Q2
September 7, 2012--Investor appetite for Alternative Ucits strategies grew in the second quarter of 2012 with a number of new funds being launched to meet demand, according to a recently published report.
The Alternative Ucits market review was carried out by specialist firm Alceda Fund Management and is the first in a series of quarterly reviews of the sector. The review revealed there were 292 funds in the sector in Q2, up from 282 funds in Q1, which account for a total of €82.5 billion in assets.
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Source: CityWire
Schaeuble says ECB not financing sovereign debt
September 7, 2012--German Finance Minister Wolfgang Schaeuble said Friday the European Central Bank was not financing sovereign debt with its newly-announced plan to buy sovereign bonds of struggling eurozone members.
"It's not the beginning of monetary financing of sovereign debt," Schaeuble told reporters in Stockholm, bashing the German media as "very nervous" in its criticism of the ECB's decision taken Thursday.
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Source: EUbusiness
STOXX Sustainability, STOXX Style and STOXX Balkan 50 Equal Weight Component Announcement-STOXX Sustainability, STOXX Style and STOXX Balkan 50 Equal Weight Component Announcement
Results of the Review to be Effective on September 24, 2012
September 7, 2012--STOXX Limited, the market-moving provider of innovative, tradable and
global index concepts, today announced the results of the annual review of the STOXX Sustainability, STOXX Global ESG Leaders, STOXX Strong Style and STOXX Balkan 50 Equal-Weight indices;
as well as those of the semi-annual review of the STOXX TMI Growth, STOXX TMI Value and their respective large,
mid- and small sub-indices and the respective indices for the euro zone. All changes will be effective on
September 24, 2012.
A full list of all companies that will be entering and exiting the STOXX Europe Sustainability, EURO STOXX Sustainability, STOXX Europe Sustainability 40 and EURO STOXX Sustainability 40, STOXX Europe Sustainability ex AGTAF, STOXX Europe Sustainability ex AGTAFA, EURO STOXX Sustainability ex AGTAF and EURO STOXX Sustainability ex AGTAFA indices can be found at http://www.stoxx.com/download/indices/methodology/sustainability_component_changes.xls.
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Source: STOXX
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