LGIM Commodity ETF passes US$150MM
August 30, 2012--Legal & General Investment Management (LGIM) and Source are pleased to announce that the LGIM Commodity Composite Source ETF (Bloomberg code: LGCU LN Equity) has raised US$150 million in AUM since launch in January 2012 while the majority of providers have seen outflows in broad commodity ETFs in Europe, according to Bloomberg.
The LGIM® Commodity Composite IndexTM (Bloomberg code: TGPLGCC), which is the benchmark for the Source ETF, is designed to represent the collective performance of a wide range of commodities by providing an investible benchmark consisting of selected indices from leading global index providers. LGIM uses an in‐depth quantitative and qualitative screening process to select ‘best‐ofbreed’ commodity indices that combined deliver high‐quality, dynamic and cost‐efficient exposure to the broad commodities market.
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Source: Source
A Hood for heights
August 30, 2012--It isn't every day that you can see the chief executive of a fund management company doing a Spider-Man impression at the top of Europe's highest building.
But anyone who happens to be passing the Shard today (Monday September 3rd) at 6pm will be treated to the sight of Ted Hood, chief executive of Source, abseiling from the very pinnacle of the building to raise money for the Outward Bound Trust, an educational charity.
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Source: FT.com
August 30, 2012--ESMA STATEMENT-Short Selling Regulation Update: Market Maker & Primary Dealer Exemption Notification Procedure
August 30, 2012--ESMA publishes notice to alert financial market participants to its upcoming consultation on the market making and authorised primary dealer exemption under the EU's Short Selling Regulation and the procedure to
be followed by firms and regulators in dealing with notifications of intention to use the exemption.
DB-Equity Derivatives and Quantitative Strategy Research-Europe
August 29, 2012--Please find attached the most recent issue of the Weekly European ETF Market Monitor.
The report includes key statistics on the European ETF market as well as global ETF market highlights. For more detailed coverage please refer to our monthly report, issued in the first week following the end of each month.
The following link will be available for 90 days. For more information, please click on the link for the full PDF. If you have any trouble viewing the link, copy and paste the link in a browser.
http://pull.db-gmresearch.com/p/549-8879/66255849/Weekly_European_ETF_Market_Monitor.pdf
Source: Christos Costandinides, European Head of ETF Research & Strategy, Deutsche Bank
STOXX Changes Composition Of Benchmark Indices -Results Of The Third Regular Quarterly Review To Be Effective On September 24, 2012
Results of the Third Regular Quarterly Review to be Effective on September 24, 2012
August 28, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global
index concepts, today announced the new composition of the STOXX Benchmark and their sub-and sector indices, among them the STOXX Europe 600 Index, STOXX North America 600 Index and STOXX
Asia/Pacific 600 Index.
Effective as of the open of European markets on September 24, 2012, the following stocks will be added to
and deleted from the STOXX Europe 600 Index and its respective size and sector indices:
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Source: STOXX
Eurex: More Than 146 million Single Stock Futures Traded
August 28, 2012--Eurex's Single Stock Futures have undergone an exceptionally positive development. The number of tradable products as well as the trading volumes have continuously increased.
Eurex market participants are now able to trade Single Stock Futures on 850+ names, from 20 different global markets, including emerging markets.
More than 146 million contracts have been traded from January to the end of July 2012 with a daily average of 980,000 contracts. The Flexible Futures facility is used extensively with more than 11.7 million contracts traded during the same period.
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Source: Mondovisione
Anthony Da Costa And Mark Rodino Join STOXX Limited
August 27, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced Anthony Da Costa and Mark Rodino have joined the company as chief operating officer (COO) and global head of sales, respectively, effective immediately.
“Anthony’s and Mark’s large experience in the index business and the derivatives space will be a great advantage for STOXX Limited,” said Hartmut Graf, chief executive officer, STOXX Limited. “Both of them will be a valuable asset to our global team, and we are confident that they will contribute to STOXX’s success.”
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Source: STOXX
Monetary developments in the euro area-July 2012
August 27, 2012--The annual growth rate of the broad monetary aggregate M3 increased to 3.8% in July 2012, from 3.2% in June 2012.1
The three-month average of the annual growth rates of M3 in the period from May 2012 to July 2012 increased to 3.4%, from 3.0% in the period from April 2012 to June 2012.
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Source: ECB
EU rules will not kill complex Ucits
August 26, 2012--New European investment rules are expected to do little to stop fund managers creating vehicles based on complex and opaque financial indices that have been criticised as a potential threat to the integrity of the Ucits brand.
The EU’s existing Ucits rules ban the physical shorting of stocks or trading in commodities or commodity futures, largely to protect smaller investors from excessive volatility.
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Source: FT.com
Brink's to Open One of Largest Bullion Vaults as ETPs Climb
August 24, 2012--The Brink's Co. (BCO), which stores and transports bullion, is set to open one of the world's largest precious metals vaults in the London area within the next month, at a time when investors' gold holdings are at a record.
The firm plans to open the facility with a major London clearing company and is considering opening another vault next year, Orit Eyal-Fibeesh, managing director for Brink’s in the U.K., said in an e-mail yesterday. The vault will be able to hold a “very substantial” amount of metal, she said, without being more specific.
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Source: Bloomberg Business Week
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