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iShares launches physically-backed commodity ETFs
iShares launches three ETFs tracking newly constructed Standard & Poor’s (S&P) equity indices
September 20, 2011--iShares, the Exchange Traded Funds (ETF) platform of BlackRock, Inc. (NYSE: BLK) announced it has expanded its commodities offering with the launch of three UCITS compliant physically-backed equity ETFs that provide cost-efficient exposure to companies in the commodities exploration, production and operations markets.
The Dublin domiciled iShares S&P Commodity Producers Oil and Gas, iShares S&P Commodity Producers Gold and iShares S&P Commodity Producers Agribusiness funds are now trading on the LSE, and are based upon the S&P Commodity Producers Index Series. They offer direct and liquid exposure to a range of companies that operate in these markets in a single trade.
Alka Banerjee, Vice President at S&P Indices, commented:
“The S&P Commodity Producers Index Series is designed to provide investors with an investable benchmark for measuring the equity performance of some of the world’s largest commodity producers. We are pleased to license our indices to iShares, making the launch of these ETFs a reality.”
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Source: iShares
4th Deutsche Börse China-Europe Equity Forum in Shanghai
Record year for Chinese listings in Frankfurt, despite crisis
September 20, 2011-Deutsche Börse held its fourth China-Europe Equity Forum in Shanghai on Tuesday 20 September. The more than 300 participants included investment bankers, lawyers, PE investors, IPO consultants, financial services providers, auditors and entrepreneurs from China.
“The forum in Shanghai has established itself as a valuable event for the European and Chinese capital market. The focus is on both European investments in China and Chinese IPOs in Europe,” said Barbara Georg, Head of Listing & Issuer Services at Deutsche Börse. “It’s not unusual for the forum to initiate an IPO in Frankfurt.”
Ten Chinese companies have become listed on the Frankfurt Stock Exchange in 2011. As many as four have opted for an IPO in the Prime Standard – considerably more than in previous years. With this decision, these companies have chosen the highest transparency standards in Europe.
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Source: Deutsche Börse
European Commission threatens ETF clampdown
September 20, 2011--Providers of synthetic exchange traded funds are using the Ucits brand denoting funds suitable for sale across the European Union to retail investors “as a shield” to reassure investors, according to European regulators.
“They are using the Ucits brand to say that synthetic ETFs are safe products,” said Tilman Lueder, head of the asset management unit at the European Commission.
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Source: FT.com
SEI Selected By SpareBank1 Markets To Provide Outsourcing Services For UCITS Fund
Firm Leverages SEI’s UCITS Expertise to Assist in Expanding its European Reach
September 20, 2011– SEI announced today that it has been selected by SpareBank1 Markets AS, a leading Nordic investment manager, to provide full fund administration and trustee and custodial services for its new Irish-registered UCITS fund.
SEI’s expertise in supporting UCITS-compliant funds and its extensive range of scalable UCITS support services were key factors in SpareBank1 Markets AS’ decision-making process. SEI is widely recognized for its market-leading technology, and the quality of its reporting capabilities brings enhanced functionality and insight to SpareBank1 Markets AS’ operations.
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Source: SEI
Amundi extends Money Market Fund range with dollar sub-fund
Amundi Money Market Fund - Short Term (USD)
September 20, 2011--Amundi announces the launch of the Amundi Money Market Fund – Short Term (USD) a dollar sub-fund of its Amundi Money Market Fund Luxembourg SICAV. As a long-standing leader in French and
European money market funds1 with over €119 billion2 of assets under management, Amundi is aiming to
extend its experience and expertise in this sector to European corporate treasurers and financial decision
makers investing in dollars.
The European institutional and corporate money market amounts to some $304 billion (€211 billion)3. Laurent
Bertiau, Deputy Head of the Institutional Investment division, in charge of global sales of Amundi,
explains : “The launch of Amundi Money Market Fund – Short Term (USD) should offer us the opportunity to help major European companies invoicing in dollars manage their treasury in coming years”.
Amundi Money Market Fund - Short Term (USD) benefits from a robust investment process and aims to outperform capitalised fed funds4.It offers a choice of two share classes :
constant NAV (Net Asset Value): the NAV of this share class does not vary5. Net returns are accumulated on a daily basis and either paid in cash monthly to the investor or reinvested
variable NAV share: the NAV of this share class changes every day and net returns are accumulated
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Source: Amundi
Standard & Poor’s ups Turkey’s credit rating to investment grade
September 20, 2011--International credit rating agency Standard & Poor's raised Turkey's local-currency sovereign credit rating by two notches to BBB- on Tuesday, meaning that the country's credit rating rose to investment-grade for the first time in its history.
“The local-currency upgrade reflects our view of continuing improvements in Turkey's financial sector and the deepening of local markets,” S&P said in its statement, and affirmed the foreign-currency sovereign rating on Turkey at BB, two levels below investment-grade, with a positive outlook.
The İstanbul Stock Exchange benchmark index (İMKB-100) rallied, hitting a 6.20 percent rise to 62,000 levels at 2:30 p.m.
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Source: Todays Zaman
London Stock Exchange-Exchange Traded Funds and Exchange Traded Products Monthly statistics - August 2011
September 20, 2011--Developments
More than 120 new ETFs and 15 ETCs have been listed on the London Stock Exchange so far this year.
Amundi has listed 8 new ETFs on London Stock Exchange, 7 of which track emerging markets indices. For more information click here.
Source has listed 5 new ETFs on London Stock Exchange, tracking MSCI Japan, USA, World, Russell 2000 and Stoxx 600 Optimised Banks.
iShares has listed 2 fixed income ETFs called Barclays US Aggregate, Markit High Yield Bond and 3 commodity ETFs giving exposure to oil, gold and agricultural commodities.
HSBC has listed an MSCI Emerging Market ETF, this is the 13th ETF listed on London Stock Exchange so far this year by HSBC ETF.
ETC updates:
ETP trading turnover reaches its highest level since its origination on London Stock Exchange in August with around £5.9 billion value traded and more than 56000 trades with order book and non-order book trades having 50% market share of the total turnover each.
Total value traded was around £26 billion with more than 360,000 trades on the London Stock Exchange during the first 8 months of 2011
Largest exchange by number of ETP listing in globe according to ETF Landscape Industry Highlights by Blackrock- end of July 2011
London Stock Exchange is also the leading exchange for ETPs by number of providers and Asset under Management in Europe
There are 302 Exchange Traded Commodities and 46 Exchange Traded Notes listed on London Stock Exchange 19 new ETCs were launched on LSE so far this year
iShares was a new issuer of physically backed ETCs this year in the UK market
The first ETCs were launched by ETF Securities and listed on the LSE in 2006
The average daily turnover in this sector was £257 million and 2500 trades in August 2011, that is 83% and 43% increase compared to the previous month
ETF/ETPs Fees Promotion
With effect from April 2011, fees for admission of securities by new issuers will be capped at £20,000, where up to 20 securities are admitted in the first month of becoming an ETF/ETP issuer on the London Stock Exchange. Please click here to see the fees factsheet.
Source: London Stock Exchange
Dow Jones Indexes Launches Eight New Indexes In Major Expansion Of European Product Line
Strategic Additions to Region’s Suite of Offerings/Underscore Debut of Firm’s ‘Focus Europe’ Marketing Campaign
New Market Gauges Come From Dow Jones Indexes’ Dividend and Real Estate Index Families
September 20, 2011--In a significant expansion of its European suite of offerings, Dow Jones Indexes today announced the launch of new dividend-focused and real estate indexes.
The eight additions are the latest in Dow Jones Indexes’ succession of new market barometers underscoring the global index provider’s revitalised commitment to a region as reflected by the theme of its new marketing campaign: “Focus Europe”. Beginning today, Dow Jones Indexes plans to roll out a series of strategically targeted “Focus Europe” print and online advertisements in European indexing and structured products trade publications in addition to placing related displays on its website.
So far in 2011, Dow Jones Indexes has unveiled for the European markets two volatility index series on September 13: the Dow Jones Europe Volatility Risk Control Indexes and the Dow Jones Eurozone Volatility Risk Control Indexes; and two blue-chip indexes on June 20: the Dow Jones Europe Titans 80 Index and the Dow Jones Eurozone Titans 80 Index.
The indexes launched today include:
Dow Jones Europe Select Dividend 30 Index;
Dow Jones Eurozone Select Dividend 30 Index;
Dow Jones Europe Select Dividend 30 Distributing Index;
Dow Jones Eurozone Select Dividend 30 Distributing Index;
Dow Jones France Select Dividend 20 Distributing Index;
Dow Jones Germany Select Dividend 20 Distributing Index;
Dow Jones Europe Developed Markets Select Real Estate Securities Index; and
Dow Jones Europe Developed Markets Select REIT Index
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Source: Dow Jones Indexes
Vienna Stock Exchange Launches Top Dividend Indices For The ATX, CECE And CEESEG Traded Index Today
September 20, 2011--The Vienna Stock Exchange started the calculation and publication of the new Top Dividend Indices for the ATX, the CECE and the CEESEG Traded Index today. All three of the indices are composed of the ten stocks with the highest dividend yields from the respective underlying index. The new indices of the Vienna Stock Exchange give investors with a focus on “comprehensive dividend strategies” new investment options precisely in times of low interest rates on bonds and volatile markets.
The three indices have been designed as tradable indices that can serve as underlyings for structured products and standardized derivatives (futures and options).
The ATX Top Dividend Indices are calculated in Euro and disseminated in in real time, and the CECE and CEESEG Top Dividend indices are calculated in Euro and US-Dollar. All indices are available as price indices (only “pure" prices used in index calculation), total return indices (includes gross dividends of index members) and net total return indices (includes dividend payouts after taxes).
Source: Vienna Stock Exchange
AFME And ICMA Announce New Co-Operation Agreement
September 20, 2011--The Association for Financial Markets in Europe (AFME) and the International Capital Market
Association (ICMA) have announced the signing of a Memorandum of Understanding (MoU) which
will strengthen their co‐operation on matters of mutual interest in European financial markets. The
agreement is focussed on streamlining communication between the two associations and eliminating
any operational inefficiency which could arise through duplication of effort. The aim is to maximise
the influence of each association on behalf of its individual members.
AFME and ICMA represent different sectors within the capital markets and different, although
partially overlapping, membership bases. Under the new arrangement, each retains its current
structure and independence.
Collaborative efforts will be directed towards agreeing a common approach to regulatory developments in Europe which affect both associations’ members. Examples would include the sharing of information and responses to consultations and attending each other’s relevant committees and councils as observers.
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Source: Association for Financial Markets in Europe (AFME)
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