db X-trackers lists China A-shares ETF in London
July 18, 2012--Deutsche Bank's exchange traded fund (ETF) platform, db Xtrackers, has listed its db x-trackers CSI300 Index ETF on the London Stock Exchange, making it Europe's largest China A-shares ETF by assets under management.
The CSI300 Index tracks the performance of the 300 most representative – as measured by a combination of market capitalization and liquidity-A-shares listed on the Shanghai and Shenzhen stock exchanges.
A-shares are quoted in Chinese renminbi and have traditionally been difficult for investors outside of China to access – international investors must be the holder of a QFII (qualified foreign institutional investor) licence in order to get permission to trade in China’s A-share market. International investors can freely access H-shares and red chips traded on the Hong Kong exchange.
However, A-shares make up over 75% of Chinese market capitalization, covering more than 2000 companies across all sectors of the Chinese economy.
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Source: db X-trackers
Source Physical Gold Hits US$ 2.5 billion In Assets
July 17, 2012--Source, one of the fastest growing Exchange Traded Product (ETP) providers in Europe with US$9 billion in assets, is pleased to announce that its Source Physical Gold
P-ETC (BBG: SGLD LN) has crossed US$2.5 billion in assets.
As demand for precious metals has continued, investors have increasingly adopted physicallysecured
ETPs as their vehicle of choice. The Source Physical Gold P-ETC is now among the largest exchange-traded physical gold products globally, with an annual fee of 0.29%. In 2011, the Source
Physical Gold P-ETC added over US$1.2 billion in net new assets and traded over US$4 billion on the
LSE. So far in 2012, the product has added over US$360 million in net new assets and already traded
over US$4 billion on the LSE, ranking it in the top five ETPs traded on the LSE for the year.
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Source: Source ETFs
Boerse Stuttgart: Investors Straying To Other Currencies
Retail investors increasingly turn to foreign currency bonds // Turnover in bonds denominated in Norwegian crowns almost triples in June
July 17, 2012--The uncertainty generated among investors by the unresolved debt crisis has also affected sentiment in bond trading at Boerse Stuttgart. Turnover in foreign currency bonds has risen sharply in recent months.
Right at the top of the list are bonds denominated in Norwegian crowns (NOK). In June alone investors at Boerse Stuttgart traded Norwegian debt securities with a volume of more than NOK 195 million – equivalent to roughly EUR 26 million. By way of comparison, investors in May traded Norwegian bonds worth NOK 72.76 million (some EUR 10 million).
Turnover in bonds from neighbouring Sweden also saw a steep rise in June.
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Source: Boerse Stuttgart
Ossiam Celebrates First Anniversary of ETFs
Steady inflows continue
July17, 2012--Ossiam, the specialist smart beta and exchange traded funds (ETFs)
investment manager and affiliate of Natixis Global Asset Management, has today announced that four of its ETFs listed on the London Stock Exchange have reached their first
anniversary.
The ETFs listed on the London Stock Exchange that have passed the one year milestone are:
Ossiam ETF Euro Stoxx 50® Equal Weight NR
Ossiam ETF STOXX® Europe 600 Equal Weight NR
Ossiam ETF iSTOXX™ Europe Minimum Variance NR
Ossiam ETF US Minimum Variance NR (USD)
The funds were also listed on the Frankfurt, Milan, Paris and Zurich exchanges in 2011.
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Source: Ossiam
Source maintains second place in net new ETP assets in H1
Sustained Inflows Into Volatility, Fixed Income, High Yield and Key Benchmark Equity ETFs
July 16, 2012--Investors poured over US$2.6 billion of net new assets into European Exchange Traded Products ("ETPs") in June 2012, raising the total for the six months to the end of 2Q to US$8.3 billion.
While equity and commodity products remain core investments, interest in volatility, fixed income ETPs and key benchmark ETFs have picked up. Source continued to cement its position in the European ETP industry, capturing net new assets of over US$171 million in June, bringing the YtD total to US$1.85 billion for H1. Source launched innovative products in alternative, fixed income and commodity asset classes. According to both ETF Global Insight and Deutsche Bank Research, at the end of Q2, Source was ranked 2nd in Europe for the second quarter running in terms of net new assets year to date.
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Source: Source
SIX Swiss Exchange-ETF Quarterly Statistics: 2nd quarter 2012
The latest report supplies detailed figures on the growth of SIX Swiss Exchange's ETFs segment in the first quarter of 2012.
July 16, 2012--SIX Swiss Exchange published the latest edition of its ETF Quarterly Statistics today. The report contains key facts and market data for the ETF segment.
In the second quarter of 2012, the Swiss exchange posted ETF trading turnover of CHF 17.7 billion, while the average trade size increased by 1.5% to CHF 96'936. As of 30 June 2012, 398'770 ETF transactions were executed (Q1: 219'944).
Growing selection of ETFs A total of 14 new ETFs were listed on SIX Swiss Exchange in the second quarter of 2012: two Ossiam ETFs based on the minimum variance concept, two from HSBC and three from UBS on the MSCI, three ETFs from Lyxor and one from Amundi that track the EuroMTS Index, as well as three iShares ETFs on the DAX and German government bonds. At the end of June 2012, therefore, 794 ETFs were listed on SIX Swiss Exchange (including 108 in additional trading currencies) from 16 different providers, with 20 official market makers ensuring liquidity.
view the SIX Swiss Exchange-ETF Quarterly Statistics: 2nd quarter 2012
Source: SIX Swiss Exchange
UBS climbs ETF rankings with European push
July 16, 2012--UBS Global Asset Management is making a determined push to improve on its status as Europe's sixth-largest exchange-traded fund provider. At the end of June, it listed 64 ETFs on the London Stock Exchange - the bourse's biggest bulk offering to date.
Clemens Reuter, the Swiss bank’s ETF head, said: “We initiated 18 cross-listed strategies in the first half of the year. I would like to develop another 18 to 20 in the second half.”
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Source: Financial News
EDHEC-Risk Institute research finds hedge fund alpha not correctly measured
July 13, 2012--Research by the EDHEC-Risk Institute into non-linear risk adjusted hedge fund returns has found flaws in measurements made via previous studies into the source of alpha.
Its latest study - Robust Assessment of Hedge Fund Performance through Nonparametric Discounting - suggests that "what was incorrectly measured as hedge fund alpha in previous studies is actually some form of fair reward obtained by hedge fund managers from holding a set of relatively complex linear and non-linear exposures with respect to various risk factors."
view the EDHEC-Robust Assessment of Hedge Fund Performance through Nonparametric Discounting
Source: EDHEC
AMF publishes 2012 edition of Risk and Trend Mapping for Financial Markets and Savings
July 13, 2012--For the sixth year running, the AMF has reviewed key market trends, changes to market
organisation and structure, and developments in saving and collective investment, as well as the
potential consequences for business financing and investor protection.
The AMF is today publishing the 2012 edition of Risk and Trend Mapping for Financial Markets and
Savings. The European sovereign debt crisis worsened in 2011, underscoring the key trends identified
during the last mapping exercise in May 2011. This was true of markets, with severe pressures on fixed
income activities and banks, sluggish equity performance and persistent weakness in securitisation. It was
also true of the behaviour of retail investors, who last year showed a marked preference for bank deposits
over higher risk investments.
The 2012 edition highlights various risks, including:
persistently high levels of macro-financial risk, which depends on a consolidation of the situation in the euro area and banks’ ability to withstand a potential deterioration in economic and financial conditions in Europe or worldwide;
view the AMF 2012 edition of Risk and Trend Mapping for Financial Markets and Savings
Source: AMF
Clarification on Treatment of Euro Zone Exit in EURO STOXX indices
July 13, 2012--STOXX Limited has today published a clarification of its index rules regarding the treatment of potential changes to the EURO STOXX Indices following hypothetical changes to the list of eligible countries.
STOXX considers two purely hypothetical scenarios in this clarification: an "orderly exit" of any one country from the Euro zone, as well as an "unscheduled disorderly exit".
Today’s clarification of the STOXX index rules states how STOXX would treat changes to the EURO STOXX Indices as a result of a change of the composition of the Euro zone. Currently, the countries eligible for inclusion in the EURO STOXX Indices are: Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain.
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Source: STOXX
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