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DB - Equity Research-Weekly European ETF Market Monitor
May 9, 2012--The most recent issue of the European ETF Market Monitor. The report includes key statistics on the European ETF market as well as global ETF market highlights.
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/603-A5E2/58637314/ETF_Research.pdf
New Amundi ETF launched on Xetra
EFT tracks S&P 500 with currency hedging
May 9, 2012--A new exchange-traded equity index fund issued by Amundi has been tradable in Deutsche Börse's XTF segment since Wednesday.
ETF name: Amundi ETF S&P 500 EUR Hedged Daily
Asset class: equity index ETF
ISIN: FR0011133644
Total expense ratio: 0.28 percent
Distribution policy: distributing
Benchmark: S&P 500 EUR Daily Hedged Strategy Index
The Amundi ETF S&P 500 EUR Hedged Daily enables investors to participate in the performance of the S&P 500 Total Return Net Index with hedging against daily exchange rate fluctuations between the euro and the US dollar. The S&P 500 Total Return Net Index is weighted according to free float market capitalisation and in turn tracks the performance of the 500 largest US stock corporations.
The product offering in Xetra’s XTF segment currently comprises 969 exchange-traded index funds, making it the largest offering of all European stock exchanges.
Newsflash-new daily record in the Eurex KOSPI Product on 8 May 2012
More than 525,000 contracts traded on a single day
Eurex KOSPI Product
May 9, 2012-- New daily record turnover on 8 May 2012: 525,781 contracts
Previous daily record on 9 November 2011: 387,935 contracts
Average daily volume May 2012: 272,563 contracts
Average daily volume year-to-date: 144,159 contracts
Average daily volume 2011: 71,454 contracts
Total volume year-to-date: 12,109,368 contracts
Total volume full year 2011: 17,577,676 contracts
The new record volume is mainly due to the increasing number of active trading participants, both from South Korea and existing Eurex members, and the related growth in trading activity.
STOXX Launches STOXX+ Minimum Variance Indices in Collaboration with Axioma
May 8, 2012--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today introduced the STOXX+ Minimum Variance Index family. The new index family uses Harry M. Markowitz's Nobel Prize winning Modern Portfolio Theory to create a hypothetical, risk-optimized portfolio, which is based on a variety of STOXX indices. Axioma, a leading provider of portfolio constructions tools and risk models, provides the fundamental factor model used to calculate the rebalancing portfolios.
As the demand for low volatility investment strategies that reduce the risk of a portfolio and essentially improve its long term returns becomes increasingly stronger, STOXX, in collaboration with Axioma, launches its new suite of STOXX+ Minimum Variance Indices,” said Hartmut Graf, chief executive officer, STOXX Limited. “The new index family will offer two different versions for each index: a constrained and an unconstrained one. The latter is a novelty as it provides a strategy index that is minimized for volatility, but not restricted to follow an underlying base index too closely.”
2012 Will Be a Year of Disruption for US Hedge Funds Trading Equities, Says TABB
Large Funds Slashing Broker Tails; 50% of Funds Want Greater Algorithmic Transparency; Rising Cost of Compliance a Top Concern
May 8, 2012--After enduring 2011's bruising markets, US hedge funds trading equities tell TABB Group that 2012 will be a year of disruption with market conditions, sell-side broker economics and regulation creating a triangle of change, already reshaping their trading environment.
When trading volume drops, says Miranda Mizen, a TABB principal, director of equities research and author of the new annual benchmark study, “US Hedge Fund Equity Trading 2012: Disparate and Desperate,” it causes shifts in trading channels and occasionally strategic direction. This requires a more thorough and constant review of broker lists, a lean on other profit avenues within the firm and a demand for greater control via transparency and information. In 2012, she says, “three major areas already in flux will directly impact the products and services that hedge funds need from their sell-side brokers and the vendor community this year – the cost of doing business, the make-up of liquidity and the reinvention of the brokerage business.”
FTSE Licences MSS Real Estate LLP to launch FTSE UK Commercial Property Index Fund
May 8, 2012--FTSE Group ("FTSE"), the award winning global index provider, announces the licensing of MSS Real Estate LLP ("MSS") to create the FTSE UK Commercial Property Index Fund Limited,
a new closed-ended investment company to be listed on the Main Market of the London Stock Exchange which tracks the FTSE All UK Property Index, the headline index of the FTSE UK Commercial Property Index Series (“Index”).
Launched in 2006, with data back-cast by FTSE to 2001, the Index is calculated daily and is designed to reflect the investment performance of retail, office and industrial property in the UK. The Index also provides investors with a definitive daily measure of the performance of over £60 billion of investable, institutional grade commercial property across the UK, offering a liquid and diversified alternative to direct property investment.
EEX creates Solution for Market Participants in Fulfilling REMIT Reporting Requirements
May 8, 2012--The European Energy Exchange (EEX) responds to the chal-lenges of a market environment which is increasingly shaped by regulatory require-ments.
This does not only concern exchanges and over-the-counter platforms but, in particular, the market participants. In the framework of the Regulation on Energy Market Integrity and Transparency (REMIT), which took effect at the end of last year, they are obliged to disclose insider information that is relevant for pricing in power and natu-ral gas trading. This essentially includes data on the capacity, utilisation and availability of facilities for the production, consumption, storage and transport of power and natural gas.
IMKB Signs a Memorandum of Understanding with Macedonian Stock Exchange
May 8, 2012--During the XIII Annual Conference of the Macedonian Stock Exchange, İMKB Chairman and CEO Mr. İbrahim Turhan and Macedonian Stock Exchange CEO Mr. Ivan Steriev signed a Memorandum of Understanding on May 4 in Skopje.
The main purpose of the Memorandum of Understanding is the deepening and enhancement of the already established cooperation between the two stock exchanges.
By signing this Memorandum, both exchanges expressed their willingness to collaborate in several areas: the transfer of know-how referring, inter alia, trading in securities, order routing, listing of securities, settlement and clearing, dissemination of information as well as the surveillance of transactions; the exchange of information and expertise regarding their activities, markets and operations; the organization of joint events with the common objective of improving the understanding and knowledge of capital markets and exchanges in both countries and the establishment of a channel of communication in respect of the ongoing and systematic flow of information between the two exchanges.
SIX Securities Services signs a Memorandum of Understanding with Turkey's post-trade infrastructure-Takasbank and MKK
May 8, 2012--In a landmark agreement, Switzerland's post-trade services provider, SIX Securities Services signed a Memorandum of Understanding (MoU) with both Takasbank and MKK to provide international clearing, settlement and custody services.
This move is a precursor to the opening up of
Turkey’s financial markets to international investment and aligns with SIX
Securities Services’ internationalization strategy.
The clearing and settlement arms of SIX Securities Services, SIX x-clear Ltd and SIX SIS Ltd, both signed a MoU with Takasbank and MKK, Turkey’s domestic providers for post trade services, to establish international post trade services for Turkey. Through the agreement, SIX Securities Services will play the roles of international Central Counterparty (CCP) for the Turkish market and global custodian for Takasbank. In return, Takasbank will become a full-service provider for the Turkish market via a direct CSD link with SIX SIS Ltd.
NASDAQ OMX starts trading in new ETFs from Swedbank Robur
May 7, 2012--NASDAQ OMX (NASDAQ:NDAQ) today starts trading in a new
series of ETFs (Exchange Traded Funds) from Swedbank Robur.
The ETF portfolio from Swedbank Robur is named Swedbank Robur ETF and today three new ETFs were listed on NASDAQ OMX Stockholm.
All the listed ETFs from Swedbank Robur track the OMXS30 (OMX Stockholm 30) index, one of the most traded indexes in Europe. OMXS30 is calculated by NASDAQ OMX and comprises the 30 most actively traded companies on NASDAQ OMX Stockholm. The products listed today are: Swedbank Robur ETF OMXS30 Bull 2 (SweR Bull2), Swedbank Robur ETF OMXS30 Bear (SweR Bear) and Swedbank Robur ETF OMXS30 (SweR OMXS30).
