LSE welcomes Leverage Shares for launch of Stock Tracker ETPs
June 16, 2021--Leverage Shares, the pioneer of short and leveraged ETPs on single stocks, has launched first-of-its-kind Stock Tracker ETPs. These trade in local currency and track individual stocks like Tesla, Coinbase and the FAANGs. This takes their range to 86 ETPs on London Stock Exchange's Main Market.
Stock Trackers are revolutionary in their simplicity and value-added propositions for investors. They offer 1-to-1 exposure to popular US stocks Listed at just $5 a share
Each ETP is 100% physically backed
Available in GBP, USD and EUR
Listed on London Stock Exchange, Euronext Amsterdam and Paris
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Source: fxnewsgroup.com
Launch of ETPs on Asian Tech Disruptors
June 16, 2021--On 16 June, London, Leverage Shares, the pioneer of physically-backed single stock ETPs, is expanding its range of Stock Tracker ETPs. The innovative products allow UK investors to gain 1:1 exposure to in-demand Asian stocks for the first time in an Individual Savings Account (ISA), in GBP and with no FX charges.
Following the introduction of the first ever Stock Tracker ETPs on single stocks in May 2021, Leverage Shares is expanding its suite to include Chinese tech disruptors and more US market darlings.
The COVID-induced pandemic has introduced more market participants than ever before, with the majority being millennials or part of Gen Z. Retail investors can no longer be overlooked, as they now make up over 20% of overall stock trading volume- having doubled from levels prior to the pandemic.
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Source: leverageshares.com
Ireland: 2021 Article IV Consultation-Press Release; and Staff Report
June 16, 2021--Summary:
Ireland entered the COVID pandemic with reduced vulnerabilities and high growth, especially in multinational enterprises (MNEs)-dominated sectors. The pandemic has had a highly asymmetric impact on the economy. The domestic sectors contracted by about 10 percent in 2020 and unemployment reached 30 percent at the peak of the first wave, while MNEs continued to grow strongly, driving overall GDP growth to 3.4 percent.
A swift policy response has been effective in mitigating the crisis impact and protecting households and firms. The domestic sectors are expected to partially recover in 2021, with GDP growth projected at 4.6 percent. Downside risks stem from uncertainties surrounding new COVID variants, post-Brexit trade arrangements, and likely changes in international taxation.
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Source: IMF
New themed ETFs issued by HANetf on Xetra: focus on space, sports betting, and iGaming
June 15, 2021--Since Tuesday, two new exchange traded funds issued by HANetf are tradable on Xetra and Börse Frankfurt.
With the two thematic ETFs, investors for the first time have the opportunity to participate specifically in companies in the space sector as well as in the sports betting and iGaming sector.
With the Procure Space UCITS ETF- Acc, investors invest in a global portfolio of companies that generate a large part of their revenue from the space industry or satellite technologies. Also represented are operators and service providers responsible for the maintenance of rockets and satellites as well as providers of software and hardware.
The Fischer Sports Betting and iGaming UCITS ETF- Acc exclusively comprises companies in the sports betting and iGaming industry. These include providers of local betting studios and casinos, operators of online platforms and companies that provide the software for the operation of slot machines and online gambling as well as streaming services. Excluded from the index are businesses that generate more than 50 per cent of their revenue from horse racing or lotteries.
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Source: xetra.com
The Value of Money, Controversial Economic Cultures in Europe: Italy and Germany
June 10, 2021--A discussion of Italian and German macro-economic cultures and performances.
Verlag has published the volume "The Value of Money. Controversial Economic Cultures in Europe: Italy and Germany", edited by Christiane Liermann Traniello (General Secretary, Villa Vigoni), Thomas Mayer (Founding Director, Flossbach von Storch Research Institute), Francesco Papadia (Fellow, Bruegel; Chair of the Selection Panel of the Hellenic Financial Stability Fund and Chair of Prime Collateralised Securities) and Matteo Scotto (Research Fellow, Villa Vigoni), with a preface by Jean-Claude Trichet (President of European Central Bank between 2003 and 2011).
Thanks to the collaboration with renowned economists and policymakers, the publication compares Italian and German macro-economic cultures and performances. When the Bretton Woods system crumbled and currencies lost their direct link to the dollar and their indirect link to gold, these two countries embarked upon strongly different monetary policies.
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Source: bruegel.org
New independent group to help tackle 'greenwashing'
June 9, 2021--The UK’s net zero economy goal was boosted today (9 June 2021) with the appointment of a new expert group whose work will support investors, consumers and businesses to make green financial decisions.
UK Green Taxonomy part of Government's efforts to improve the environment, accelerate the transition to net zero and create green jobs
Better data will help companies, investors and consumers to make informed green choices, support investment in sustainable projects and boost efforts to tackle climate change
The Green Technical Advisory Group (GTAG) will oversee the Government's delivery of a "Green Taxonomy"- a common framework setting the bar for investments that can be defined as environmentally sustainable.
The Green Taxonomy will help clamp down on greenwashing- unsubstantiated or exaggerated claims that an investment is environmentally friendly- and make it easier for investors and consumers to understand how a firm is impacting the environment.
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Source: gov.uk
Leverage Shares Launches Largest Range of Short & Leveraged Exchange Traded Products on Popular US Stocks
June 8, 2021--Leverage Shares (leverageshares.com), an innovative sponsor of physically-backed ETPs, has launched 28 new ETPs based on heavily traded US stocks- expanding their product range to 40.
The ETPs present daily leveraged and inverse exposures of 2x, 3x and -1x, bringing to investors of all stripes techniques once reserved for professional fund managers. These novel ETPs can be used to make high conviction trades or hedge positions in a variety of equities ranging from tech giants, such as Apple, Microsoft and Google, to consumer discretionary blockbusters like Netflix, Amazon and Tesla.
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Source: Leverage Shares
Research: UK official holdings of international reserves: May 2021
June 3, 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
ESMA sees a prolonged period of risk from market corrections
June 3, 2021--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today published its first Risk Dashboard (RD) for 2021 covering the first quarter of the year. The RD highlights that the main risk for EU financial markets remains that posed by a sudden risk reassessment, amid the general decoupling of securities prices from economic fundamentals, and is maintains its risk assessment at a very high level.
Valuations in EU financial markets for most market segments are now at or above pre-COVID-19 levels. They remain highly sensitive to events and volatility, as shown by the market movements related to Gamestop and the impact that a potentially slow roll-out of vaccines had on equity prices.
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Source: ESMA
ESMA publishes latest edition of its Newsletter
June 1, 2021--The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, has today published its latest edition of the Newsletter "Spotlight on Markets".
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Source: ESMA