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NYSE Euronext Monthly ETF Activity Report-August 2012
September 4, 2012--Listings
Quiet month-no new ETF listings in August
At end August, NYSE Euronext European markets had 676 listings of 587 ETFs from 16 issuers
Trading activity
Average daily value traded on-book in August of €191.7 million, down 16.4% MoM
Total value traded on-book amounted to €4.4 billion, down 24.6% YTD
Average of 5,627 on-book trades (single-counted) executed daily last month, a decrease of 61.6% vs August 2011, and down 9.3% MoM
Total of €521.2 million exchanged in block trades in August, down 29.7% from the €741.4 million in July
Overall, block trade volume represented 11.8% of total regulated market ETF trading activity on NYSE Euronext
Assets Under Management (AUM)
At the end of August 2012, the combined AUM of all ETFs listed on the NYSE Euronext European markets totalled €134.9 billion
Market Quality
Median spread for all listed ETFs of 28.1 bps, thanks to our high-capacity, low-latency technology, combined with the flow from client orders, competitive market makers and our 23 first-class Liquidity Providers.
view the August 2012 edition of the ETF Monthly Activity Report
Source: NYSE Euronext
Investors use bonds of medium-sized enterprises to diversify their portfolios
New study shows investment behaviour of private and institutional investors with regard to bonds issued by medium-sized companies
September 4, 2012--Private investors buying bonds issued by medium-sized companies make their own investing decisions.
This was one of the core findings of the latest study by Boerse Stuttgart, which was conducted jointly with audit and consulting company Deloitte and Münster University of Applied Sciences. The study shows that the majority of participants have many years of financial market experience. Both private and institutional investors buy bonds issued by medium-sized companies to diversify their portfolios.
The study profiles private investors who are familiar with bonds of medium-sized enterprises as an asset class. Of the persons surveyed, 58 percent have these debt instruments in their portfolios. Just over two-thirds, at 68 percent, have more than 10 years' capital market experience, and a further 17 percent have been active in the market for between five and ten years. Investors not availing of advice account for 78 percent of those surveyed. These investors obtain information about securities from the Internet and from specialist media, and make their own decisions on their portfolios. When choosing a financial instrument, investors take into account bond features as well as the issuing company’s characteristics and the composition of their portfolios. Jochen Wentzler, Partner in Corporate Finance at Deloitte, explained: “In addition to the issuer’s credit rating, the investors surveyed consider the decisive criteria for selection to be financial strength – in other words, the issuer’s profitability and equity base –, the business model and transparency in relation to the appropriation of the issue proceeds.”
Mittelstandsanleihen - eine echte Anlagealternative?
(Allgemeine Pressemitteilungen)
Eine Studie der FH Münster, der Börse Stuttgart und Deloitte
Source: Boerse Stuttgart
ETF Stat July 2012--Borsa Italiana
September 4, 2012--The ETF Statistics of the ETF Plus Market for the month of July 2012 are now available.
Please be informed that, due to technical problems, the spread statistics are not available.
view Jefferies aims for a fifth of LME turnover read more Regulator to extend commission crackdown read more
Moody's changes EU rating outlook to negative
Back in July, Moody's changed its outlook for Germany, the Netherlands and Luxembourg to negative as fallout from Europe's debt crisis cast a shadow over its top-rated countries. The outlook on France and the UK are also negative.
read more Xetra orderbook turnover at 79 billion euros in August
In equities, turnover reached €69.7 billion on Deutsche Börse’s cash markets (Xetra: €67.9 billion, Xetra Frankfurt specialist trading: €1.8 billion). Turnover in bonds was €1.5 billion, and in structured products on Scoach €1.2 billion. Order book turnover in funds and ETFs/ETCs/ETNs amounted to €11.7 billion. view more
Average daily volume of 7.2 million contracts at Eurex Group in August
At Eurex Exchange, the equity index derivatives segment totaled 56.8 million contracts (August 2011: 123.5 million). The single largest contract was the future on the EURO STOXX 50® Index with 21.0 million contracts. The option on this blue chip index totaled 24.2 million contracts. Futures on the DAX index recorded 2.6 million contracts while the DAX options reached another 4.1 million contracts. The Eurex KOSPI Product recorded 1.8 million contracts. read more
BlackRock North American Income Trust To Raise GBP100M in London Float BlackRock intends to raise in excess of GBP100 million for BlackRock North American Income Trust, or BRNAIT. Company will target an initial annualized dividend yield of 4%, paid quarterly in sterling, net of fees, and aims to outperform the Russell 1000 Value Index on a total return basis. Company will invest into a portfolio of predominantly U.S. large cap quoted companies that exhibit the ability to grow dividends and will employ an active options overlay strategy using predominantly covered call options. read more BlackRock gearing up for commission-free era read more If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: Borsa Italiana
September 4, 2012--Jefferies, the US investment bank, aims to become one of the world's largest metals brokers with more than a fifth of the turnover on the London Metal Exchange after a series of aggressive hires from struggling European rivals.
The bank’s futures brokerage unit, Jefferies Bache, will today begin trading on the red leather benches of the LME’s open-outcry ring, becoming one of just 12 brokers and banks who hold the exchange’s highest level of membership.
Source: FT.com
The new City regulator is to ban commissions on insurance policies, mortgages and bank accounts.
September 4, 2012--The City regulator is to strengthen its crackdown on commissions by extending the ban to insurance policies, mortgages and bank accounts.
The Financial Services Authority (FSA) is planning a commission ban for sales of investment-related products from 31 December 2012, meaning financial advisers will no longer be able to take commission to pay for their services.
Source: CityWire
September 3, 2012--Moody's Investors Service has changed its outlook on the Aaa rating of the European Union to negative, warning it might downgrade the bloc if it decides to cut the ratings on the EU's four biggest budget backers: Germany, France, UK and Netherlands.
The move will add to pressure on the European Central Bank to provide details of a new debt-buying scheme to help deeply indebted euro zone states at its policy meeting on Thursday.
Source: Reuters
September 3, 2012--Order book turnover on Xetra and the Xetra Frankfurt specialist trading stood at €83.8 billion in August-a decrease by 54 percent year-on-year (August 2011: €181.6 billion).
Of the €83.8 billion, €79.4 billion were attributable to Xetra – a decrease by 54 percent y-o-y (August 2011: €173.4 billion). €4.4 billion were attributable to the Xetra Frankfurt specialist trading – a decrease by 47 percent y-o-y (August 2011: €8.3 billion). Order book turnover on Tradegate Exchange* totalled approximately €2.7 billion in August.
Source: Xetra
September 3, 2012--In August 2012, the international derivatives markets of Eurex Group recorded an average daily volume of 7.2 million contracts (August 2011: 13.2 million).
Of those, 5.1 million were Eurex Exchange contracts (August 2011: 9.1 million), and 2.1 million contracts (August 2011: 4.1 million) were traded at the U.S.-based International Securities Exchange (ISE). August 2011 saw very high volumes due to turbulences in the euro zone. In total, 117.2 million contracts were traded at Eurex Exchange and 49.1 million at ISE.
Source: Eurex
September 3, 2012--BlackRock Investment Management (U.K.) Ltd. Monday announces the launch of BlackRock North American Income Trust PLC, a new, North American focused, equity income investment trust to be floated on the main market of the London Stock Exchange at 100 pence a share.
MAIN FACTS:
Source: Wall Street Journal
Septemeber 2, 2012--BlackRock's exchange traded fund (ETF) division, iShares, is gearing up for the UK's new distribution rules by hiring new hands.
iShares is to add at least six people to its UK-based operations in the months ahead as it prepares for the introduction of the Financial Services Authority’s retail distribution review (RDR) in January.
Source: FT.com
