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Source - top European ETC provider by NNA in 2011
February 3, 2012--Source continued its impressive run since entering the European ETP market in 2009 by leading all ETC issuers in net new assets in 2011 with US$1.26 billion of net inflows. The provider’s flagship ETC, Source Physical Gold, captured significant inflows, bringing assets in the product to over US$2.3 billion.
Overall, Source commanded nearly 20% of total commodity ETP net new assets in Europe, doubling its total commodity assets under management to US$2.5 billion. These results were particularly meaningful given the presence of well-established competition in this market.
Stefan Garcia, head of commodity sales at Source commented, ‘I think that focusing on clients and providing them with commodity products that satisfy their multiple needs has put us in a very strong position in the commodity segment of the ETP market. In addition, with innovative new products, such as the new LGIM
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Source: Source ETF
Boerse Stuttgart cuts transaction fees
Reduced fees for trading in securitised derivatives from 1 February 2012
February 3, 2012--Boerse Stuttgart, Europe’s leading stock exchange for retail investors, reduced its transaction fees for securitised derivatives (leverage and investment products) with effect from 1 February 2012.
The move applies to the variable transaction fees, which have been reduced from 0.1 to 0.095 percent of the order countervalue, and aims to make Boerse Stuttgart more attractive to investors placing orders for securitised derivatives worth up to EUR 14,500. Orders in this range account for a large part of the overall trading volume in the segment.
“We have introduced the new fee structure to support retail investors. Our aim is to strengthen our position as market leader and promote sustained growth in the area of securitised derivatives,” commented Christoph Lammersdorf, CEO at Boerse Stuttgart Holding GmbH, adding that the new price structure would enhance the appeal of trading in securitised derivatives, especially for smaller and medium-sized orders. He also believes the move will provide an incentive for newcomers, and those investors who have recently held back on account of the difficult market situation, to begin trading in smaller volumes.
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Source: Boerse Stuttgart
db Metals & Energy Booster ETC (EUR) launched on Xetra
February 3, 2012--A new exchange traded commodity issued by db ETC Index plc has been tradable on Xetra since Friday. All db ETCs are backed by physically deposited gold bars.
ETC name: db Metals & Energy Booster ETC (EUR)
Asset class: Commodities
ISIN: DE000A1NY0U7
Total expense ratio: 0.45 percent
Benchmark: db Metals & Energy Booster Euro Unhedged Index
The new db ETC tracks the performance of the db Metals and Energy Booster Euro Unhedged Index. The index comprises 13 commodities from the precious and industrial metals and energy sectors. The approach is fundamentally based on a roll-optimised mechanism with periodic replacement of the commodity futures tracked in the commodities index.
Deutsche Börse’s ETC segment product range currently comprises 235 instruments. The monthly trading volume of ETCs on Xetra averages over €900 million.
Source: Deutsche Börse
January turnover at Boerse Stuttgart exceeds € 8.7 billion
(monthly stats) Growth in all asset classes/ particularly strong increase in equities trading
February 2, 2012-According to order book statistics, Boerse Stuttgart’s turnover in January 2012 was more than € 8.7 billion, with the volume of trading up around 36 percent in comparison with December 2011. All asset classes enjoyed an increase in turnover during that period.
The largest share of January’s turnover was in securitised derivatives, at just under € 4 billion. This represents an increase of around 27 percent in comparison with the previous month. At more than € 2 billion, the turnover in investment products was slightly higher than that in leverage products, which accounted for about € 1.9 billion of the trading volume.
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Source: Boerse Stuttgart
Plus Markets puts itself up for sale
February 2, 2012--PLUS Markets (PMK.L), the British stock exchange for small companies, has put itself up for sale after concluding it needed more financial backing to take advantage of opportunities thrown up by forthcoming regulatory and technological changes.
"The board has decided to conduct a formal sale process in order to identify appropriate potential partners for the company, or major strategic investors," PLUS said in a statement on Friday.
"The board believes that it is in the best interests of the company to seek a partner which will help it achieve the scale and reach required to maximise value to stakeholders."
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Source: Reuters
Plus Markets puts itself up for sale
February 2, 2012--PLUS Markets (PMK.L), the British stock exchange for small companies, has put itself up for sale after concluding it needed more financial backing to take advantage of opportunities thrown up by forthcoming regulatory and technological changes.
"The board has decided to conduct a formal sale process in order to identify appropriate potential partners for the company, or major strategic investors," PLUS said in a statement on Friday.
"The board believes that it is in the best interests of the company to seek a partner which will help it achieve the scale and reach required to maximise value to stakeholders."
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Source: Reuters
AXA IM hires Lyxor chief executive Laurent Seyer
February 2, 2012--AXA Investment Managers has hired Laurent Seyer as global head of investment solutions.
Seyer, who previously worked at Lyxor Asset Management where he was CEO since 2006, will be replacing Thibaud de Vitry, who has left the firm.
In the new role, which he assumes on 2 May, Seyer will report to Dominique Carrel-Billiard, CEO of AXA IM, and will also be joining the firm’s management board.
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Source: Citywire
ESMA makes available data on past performances of credit rating agencies
February 2, 2012--ESMA launches today a Central Rating Repository (CEREP) providing information on credit ratings issued by those 15 Credit Rating Agencies (CRAs) which are either registered or certified in the European Union.
The CEREP database will allow investors to assess for the first time on a single platform the performance and reliability of credit ratings on different types of ratings, asset classes and geo-graphical regions over the time period of choice.
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Source: ESMA
Regular Deutsche Börse share again included in the DAX
Changes will be effective on 8 February
February 2, 2012--Deutsche Börse has today announced changes in the DAX index. Deutsche Börse AG’s tendered share class (ISIN DE000A1KRND6) is to be replaced in the DAX with the original Deutsche Börse AG share class (ISIN DE0005810055). The changes will be effective on 8 February 2012 and are a result of today’s announcement on the reversal of the transaction between Deutsche Börse and NYSE Euronext due to the prohibition of the merger by the EU Commission.
The Deutsche Börse share (ISIN DE0005810055) was replaced in the DAX on 20 July 2011 by the Deutsche Börse AG tendered share class (ISIN DE000A1KRND6). Due to the reversal of the transaction, the tendered share class is now to be replaced by the regular Deutsche Börse share in accordance with the framework for the equity indices concerning regulations for mergers of index members, as Deutsche Börse announced on 6 June 2011. No adjustment will be made to the free float factor or weighting of the share in the index, nor does the change affect the composition of the DAX index.
Source: Deutsche Börse
Deutsche Boerse tendered shares replaced by original Deutsche Boerse shares in STOXX
February 2, 2012-STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced adjustments in several STOXX indices. Deutsche Boerse tendered
shares (DE000A1KRND6, Financial Services, Germany) in the EURO STOXX 50, STOXX Europe 600, STOXX Global Total Market and the respective sub-indices will be replaced with the original Deutsche Boerse shares (DE0005810055, Financial Services, Germany). This change will be effective with the open
of markets on February 8, 2012.
The changes are being announced after a statement issued by Deutsche Börse AG today, stating that the
tendered shares will be swapped for regular shares effective on this date.
The free-float factor and weight will be unaffected in all STOXX indices.
Deutsche Boerse shares (ISIN DE0005810055) were replaced by the tendered share (ISIN DE000A1KRND6) in the STOXX Indices on July 20, 2011; after the acceptance threshold of at least 75% was reached by the end of the initial tender period for the planned merger of NYSE Euronext and Deutsche Börse AG. Today’s announcement does not lead to turnover in any of the indices as only the Deutsche Boerse share type is exchanged, but the index composition remains unchanged.
For more information on the STOXX Indices, please visit www.stoxx.com.
Source: STOXX
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