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UBS and Hedge Fund Research to offer four new ETFs
June 18, 2012--UBS and Hedge Fund Research have announced that they will offer exposure to four of their hedge fund benchmark indices through exchange traded funds (ETFs).
Following the successful launch of the UBS ETFs - HFRX Global Hedge Fund Index SF in December 2010, ETFs will be offered for the HFRX Equity Hedge Index SF, HFRX Event Driven Index SF, HFRX Relative Value Arbitrage Index SF and HFRX Macro CTA Index SF.
Clemens Reuter, head of UBS ETFs said: “The launch of the HFRX sub strategies are a natural extension to our existing HFRX Global Hedge Fund ETF.”
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Source: Investment Europe
Choose trackers over ETFs, says Skandia
June 18, 2012--UK financial advisers' demand for exchange traded funds will remain limited as the majority of advisers have little or no understanding of ETFs, according to Skandia, the investment group.
A survey of 840 financial advisers by Skandia found that 70 per cent did not have any clients holding ETFs. Of those that did hold ETFs, the overwhelming majority had 5 per cent or less of these instruments in their portfolio.
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Source: FT.com
HFR and UBS launch Ucits-compliant HF ETFs
June 15, 2012--Swiss bank UBS and Chicago-based research house Hedge Fund Research (HFR) launched four Exchange Traded Funds (ETFs) powered by HFR's individual strategy indices, according to a company announcement.
The HFRX Equity Index, HFRX Event Driven Index, HFRX Relative Value Arbitrage Index and HFRX Macro CTA Index will be listed on the Deutsche Boerse Exchange Friday and are Ucits-compliant.
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Source: HFM Week
Knowledge gaps on both sides of the table
June 15, 2012--With less than six months before the Financial Services Authority (FSA) introduces new standards for advisers, under its Retail Distribution Review (RDR), the rush to train wealth managers has become a defining theme of 2012.
But while the progress evidenced in this year’s survey results is impressive, we at Ledbury Research believe further improvements in education and qualifications are needed.
Our monitoring of UK wealth managers and their clients suggests that there are two other training campaigns to which the industry needs to commit – in addition to meeting RDR requirements.
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Source: FT.com
Soaring revenues add shine to Dutch HFT
June 15, 2012--A Dutch high-frequency trading firm -which is expected to be put up for sale following a strategic review-reported a near-doubling of revenues in its Amsterdam office last year.
Flow Traders BV reported a 97% increase in trading revenues to €112.4m in the 12 months ended 31 December 2011, according to accounts filed with the Netherlands Chamber of Commerce. Pre-tax profits increased from €6m to €38.3m.
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Source: Financial News
Four new UBS ETFs launched on Xetra
June 15, 2012--Four new exchange-listed equity index funds from the issuer UBS Global Asset Management have been tradable in Deutsche Boerse's XTF segment since Friday.
ETF name: UBS ETFs plc- HFRX Equity Hedge Index SF (EUR) A-acc
Asset class: equity index ETF
ISIN: IE00B76VD289
Total expense ratio: 1.50 percent
Distribution policy: non-distributing
Benchmark: HFRX Equity Hedge Index
ETF name: UBS ETFs plc-HFRX Event Driven Index SF (EUR) A-acc
Asset class: equity index ETF
ISIN: IE00B76VD396
Total expense ratio: 1.50 percent
Distribution policy: non-distributing
Benchmark: HFRX Event Driven Index
ETF name: UBS ETFs plc -HFRX Macro CTA Index SF (EUR) A-Acc
Asset class: equity index ETF
ISIN: IE00B76VD404
Total expense ratio: 1.50 percent
Distribution policy: non-distributing
Benchmark: HFRX Macro CTA Index
ETF name: UBS ETFs plc – HFRX Relative Value Arbitrage Index SF (EUR) A-Acc
Asset class: equity index ETF
ISIN: IE00B76VD511
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Source: Xetra
db X-trackers launches the world's first range of North American corporate credit ETFs
June 15, 2012--db X-trackers has launched a range of ETFs designed to provide financially sophisticated investors with exposure to North American high yield and investment grade credit indices.
The London-listed ETFs, which are the first of their kind globally, let institutional investors take pure credit risk exposure – as opposed to the credit plus interest rate risk generated through investing in corporate bond indices
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Source: IAIR
Audit to show Spain banks need up to EUR 65 bn: report
June 14, 2012--An audit of Spanish banks will show they need up to 65 billion euros of fresh capital, the ABC daily said Thursday, citing a draft report by auditors Oliver Wyman and Roland Berger.
Eurozone finance ministers on Saturday agreed to make a loan of up to 100 billion euros ($125 billion) available to the Spanish government to prop up banks laden with bad loans following the collapse of a real estate bubble.
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Source: EUbusiness
European Parliament panel to finalize MiFID II amendments
June 14, 2012--The European Parliament's Economic and Monetary Affairs Committee (ECON) will finalise its amendments to MiFID II by 10 July, setting out its stance on key trading and market structure issues.
The ECON meeting follows the submission of MEP’s individual amends to MiFID II, based on prior meetings and an initial set of proposed modifications to the European Commission’s October 2011 draft of MiFID II by Markus Ferber MEP.
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Source: The Trade News
ETF Stat May 2012-Borsa Italiana
June 14, 2012--The ETF Statistics of the ETF Plus Market for the month of May 2012 are now available.
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Source: Borsa Italiana
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