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LSE Group: Refinitiv deal has brought plenty of data-except proof of concept
August 6, 2021--London Stock Exchange needs to show that takeover can drive faster top-line growth.
Meeting cost targets alone will not reflate LSE's valuation multiple.
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Source: ft.com
ESMA publishes its report on the use of FinTech by CSDs
August 6, 2021--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today published its Report on the use of FinTech by Central Securities Depositories (CSDs).
ESMA has gathered the views of NCAs and relevant market participants on their experience with and planned future use of FinTech and Distributed-ledger Technology (DLT), as well as on whether the current regulatory framework represents a barrier for them to implement projects involving DLT.
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Source: ESMA
BlackRock launches Article 8 global semiconductor ETF
August 5. 2021--The asset manager has introduced a new passive strategy that will invest in over 200 companies.
BlackRock has launched the iShares MSCI Global Semiconductors Ucits ETF (SEMI), which is designed to align with Article 8 ambitions.
The Dublin-domiciled new passive strategy is listed on the Euronext (USD) & Xetra (EUR) exchanges. It has a total expense ratio of 0.35% and is categorised as Article 8 under SFDR. It will invest in over 200 companies across more than 15 different countries.
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Source: citywireselector.com
French fund manager to launch first EU-regulated bitcoin tracker
August 5, 2021--Melanion Capital seeks to tap into booming crypto interest with new Ucits vehicle
The fund tracks baskets of up to 30 shares in sectors such as cryptocurrency mining and blockchain technology. This correlates up to 90% with Bitcoin prices, says Melanion.
The announcement highlights how fund companies are becoming more creative in the face of often skeptical or slow-moving financial regulators in the rapidly evolving world of digital assets.
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Source: FT.com
Research: UK official holdings of international reserves: July 2021
August 4, 2021--This release details movements in the international reserves of gold and assets held by the UK government.
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Source: gov.uk
New thematic ETF from Purpose Investments via HANetf white-label platform: access to the world's largest online software service providers (Saas) in combination with sustainability filters
August 4, 2021--Since Tuesday, a new exchange traded fund issued by Purpose Investments has been tradable on Xetra and Börse Frankfurt via HANetf's white-label platform.
With the Purpose Enterprise Software ESG-S UCITS ETF-Acc, investors participate in a global portfolio of software providers that offer their services via the cloud (Software as a Service) and are among the fastest growing in their industry. In addition, the companies must fulfil the ESG criteria.
For inclusion in the index, the companies must either be manufacturers of their own software solutions or providers of services in the software sector. These include advertising/marketing services, IT services, internet/software services and software packages. In addition, the companies must have had a minimum sales growth of 15 per cent on average over the last three years.
Companies are excluded from the index that are not in line with the principles of the United Nations Global Compact or are active in the fields of weapons, oil sands and fossil fuels.
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Source: Deutsche Börse
UK investment trusts that are taking on thematic ETFs
August 4, 2021--Risks and rewards could both be higher with some targeting unlisted early and growth stage companies
Having agreed to pay £16.5m for a 63 per cent stake in thematic exchange traded fund provider Rize, AssetCo has delivered the latest vote of confidence in a growing industry.
Thematic ETFs are a promising area for any provider: the level of assets in such funds reached a new high of €32.4bn across Europe in the second quarter of this year, according to Morningstar.
The products available continue to broaden out: nine new thematic ETFs hit the European market in the second quarter of 2021, a figure that puts 2021 in line with the record 17 launches for the whole of 2020.
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Source: FT.com
New iShares ETF on Xetra: European companies with high ESG rating and currency hedge
July 30, 2021--A new exchange traded fund issued by iShares has been tradable on Xetra and Börse Frankfurt since Friday.
With the iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist), investors participate in the performance of large and medium-sized companies from 15 European industries that have a comparatively high ESG rating within their sector, are not involved in the extraction or production of fossil fuels and do not own fossil reserves.
Companies are excluded from the index that are not in line with the principles of the United Nations Global Compact, are involved in ESG-related controversies or are active in the areas of thermal coal, nuclear energy, weapons, gambling, tobacco and genetically modified organisms.
The weighting of a stock is limited to a maximum of 5 per cent. Any dividend income is distributed. Currency risks against the euro are minimised.
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Source: Deutsche Börse
Purpose Investments to Launch World's First Pure Play Enterprise Software ETF to List on London Stock Exchange in Partnership with HANetf
July 29, 2021--Purpose Investments Inc. ("Purpose") is happy to announce that tomorrow it will launch the Purpose Enterprise Software ESG-S UCITS ETF ("the Fund"), the world's first pure play enterprise software ETF to list on the London Stock Exchange. The Fund, which will trade under the ticker SOFT, is being made available through Purpose's partnership with HANetf, an independent European ETF specialist.
SOFT will provide investors with exposure to a diverse ESG-screened selection of software-as-a-service ("SaaS") enterprise software companies at the forefront of the digital revolution, including household names such as Adobe, Shopify, and Twitter.
Account of the monetary policy meeting of the Governing Council of the European Central Bank held in Frankfurt am Main view more
Source: Purpose Investments Inc.
July 28, 2021--On Wednesday, 7 July 2021
Conclusion of the ECB's strategy review 2020-21
The President started her introduction by looking back at the strategy review that the Governing Council had been conducting over the previous 18 months, drawing on an immense collective effort by staff at the ECB and the national central banks (NCBs) of the euro area.
While taking the ECB's primary mandate of price stability as a given, the review had allowed the Governing Council to challenge its thinking, engage with numerous stakeholders, reflect, discuss and reach common ground on how to adapt its strategy. The new strategy, which would be reflected in the document entitled "The ECB's monetary policy strategy statement" intended for publication on the ECB's website, was a strong foundation that would help guide the Governing Council in the conduct of its monetary policy in the years to come.
Source: ECB