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Three new Amundi ETFs launched on Xetra
June 28, 2011--Three further exchange-listed index funds issued by Amundi have been tradable on Xetra since Tuesday.
ETF name: Amundi ETF Green Tech Living Planet
Asset class: equity index ETF
ISIN: FR0010949479
Total expense ratio: 0.45 percent
Distribution policy: non-distributing
Benchmark: Living Planet Green Tech Europe Index
ETF name: Amundi ETF Euro Corporate Financials iBoxx
Asset class: bond index ETF
ISIN: FR0011020957
Total expense ratio: 0.16 percent
Distribution policy: non-distributing
Benchmark: Markit iBoxx EUR Liquid Financials Index
ETF name: Amundi ETF Euro Corporate ex Financials iBoxx
Asset class: bond index ETF
ISIN: FR0011020940
Total expense ratio: 0.16 percent
Distribution policy: non-distributing
Benchmark: Markit iBoxx EUR Liquid Non-Financials Index
The two new bond index ETFs in the Amundi ETF Euro Corporate iBoxx series are based exclusively on corporate bonds denominated in euros with an investment grade rating. The underlying indices are total return indices and therefore reinvest dividends and distributions.
The Amundi ETF Euro Corporate Financials iBoxx enables investors to participate in the performance of the Markit iBoxx EUR Liquid Financials Index, which invests in bonds of financial companies operating under private law. By contrast, the Amundi ETF Euro Corporate ex Financials iBoxx focuses exclusively on bonds from private companies outside the financial sector.
The Amundi ETF Green Tech Living Planet aims to replicate as closely as possible the performance of the Living Planet Green Tech Europe Index. This admits only European equities traded in euros to the investment portfolio, which generate at least 20% of their turnover from activities relating to environmentally-friendly and sustainable technologies. The weighting of the individual equities is determined using a “green coefficient” and a single company has a maximum share in the index of 15%.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 819 exchange-listed index funds, making it the largest offering of all European stock exchanges. This selection, together with an average monthly trading volume of €13 billion, makes Xetra Europe’s leading trading venue for ETFs.
Source: Deutsche Börse
MTS licenses Italian government bond indices for Deutsche Bank ETFs
ETFs will be first to track Italian government debt market
July 28, 2011--MTS, Europe’s premier facilitator for the electronic fixed income market, today announced that it has licensed its benchmark Italian government bond indices to db X-trackers, Deutsche Bank’s exchange traded fund (ETF) platform.
The db X-trackers ETFs will be based on three MTS Italy ex-Bank of Italy Indices, including the MTS Italy BTP ex-Bank of Italy Index, the MTS Italy BOT ex-Bank of Italy Index and the MTS Italy Aggregate ex-Bank of Italy Index.
These indices are widely considered the best-in-class benchmark for the Italian fixed income market, ensuring the highest level of investor confidence. They are calculated using the accurate and proven EuroMTS index algorithm, which is available free of charge on the MTS website, allowing db X-trackers customers to monitor the performance of their investment in real-time.
Mauro Giangrande, Head of Financial Products for Italy at db X-trackers said: “Deutsche Bank continues to lead the way in the fast-evolving ETF market by offering the most appropriate instruments to meet investor demand. These new ETFs offer investors direct, efficient and low-cost access to the Italian debt market using the MTS Italy indices, the most representative benchmarks for this market.”
Jack Jeffery, CEO of MTS, said: “The launch of these new instruments by one of Europe’s top ETF providers is further recognition of the benchmark status and high quality that the EuroMTS index family delivers. Deutsche Bank’s expertise in the ETF market and our commitment to provide the most transparent and reliable benchmark will guarantee the popularity of these new products amongst investors.”
Source: London Stock Exchange Group
Unscheduled Changes Made To MDAX And SDAX
June 27, 2011-- Deutsche Börse today announced unscheduled component changes to the MDAX and SDAX.
In MDAX, Tognum AG will be replaced by Gerry Weber International AG. Due to the takeover of Tognum AG by Engine Holding, the stock’s freefloat has dropped below the 10 percent threshold required to remain in the index.
In SDAX, Zooplus AG will replace Gerry Weber International AG.
All component changes will be effective at the start of trading on Wednesday, 29 June, 2011.
The next regular review of the Deutsche Börse blue-chip indices will be on 5 September, 2011.
Source: Deutsche Börse:
FSA launches FCA approach document
June 27, 2011--The Financial Services Authority (FSA) has today outlined how its successor body charged with conduct and markets regulation will be tougher, bolder and more engaged with consumers.
The approach document sets out how the Financial Conduct Authority (FCA), which will assume responsibility for protecting consumers and markets’ regulation from the end of 2012, will deliver its objectives.
The Government has recently published a White Paper outlining how the FCA will:
be more outward looking and engaged with consumers and better informed about their concerns and behaviour where this is relevant to regulatory action;
intervene earlier to tackle potential risks to consumer protection and market integrity before they crystallise; and
be tougher and bolder, building on and enhancing the FSA’s credible deterrence strategy, using its new powers of intervention and enforcement.
view the FCA approach document
Source: FSA
FTSE Licences Source With The FTSE Emerging EMEA 40 Index To Launch New ETF
June 27, 2011--FTSE Group (“FTSE”), the award-winning global index provider, announces the licensing of global ETF provider, Source, to use the FTSE Emerging EMEA 40 Index as the basis of a new Exchange Traded Fund (ETF).
The FTSE Emerging EMEA 40 Index enables investors to gain market exposure to the emerging EMEA region and joins Source’s existing FTSE-linked ETFs, tracking the FTSE 100 and FTSE 250 indices. The new ETF launches on the London Stock Exchange today, joining the world’s largest range of emerging markets focused exchange products1.
The FTSE Emerging EMEA 40 Index is a tradable index, representing equity performance across 40 of the largest and most liquid stocks within emerging countries from Europe, Middle-East and Africa (EMEA) as classified within FTSE’s leading All World-Index Series. Using FTSE’s globally recognised index design standards, the index ensures a maximum of 10 stocks per country, reducing the risk of over-exposure in any one country. A buffer mechanism is also in place during the semi annual reviews, to reduce index turnover.
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Source: FTSE
Athens Exchange: Change of Date of the First Scheduled Auctioning of Emission Allowances
June 27, 2011--Upon the decision of the Greek Ministry of Environment, Energy and Climate Change, the scheduled auction of European Union Emission Allowances (EUAs) of Wednesday 29th June is transferred to be realized on the next day, Thursday 30/6/2011.
On the occasion of the Auction on 30th of June 2011 an event will take place in the Athens Exchange premises with the presence of the Minister of Environment, Energy and Climate Change, Mr. Giorgos Papakonstantinou, who will ring the "bell" for the start of the trading session.
The first scheduled auction of European Union Emission Allowances (EUAs) by the Greek Government΄s New Entrants΄ Reserve will take place on Thusday, the 30th of June 2011. A quantity of 1.100.000 EUAs will be auctioned through the OASIS trading platform of Athens Exchange (ATHEX).
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Source: Capital GR
EP opinion poll shows public support for tax on financial transactions
June 27, 2011--A Eurobarometer opinion poll carried out for the European Parliament covering views on the economic crisis indicates strong support for a tax on financial transactions. Other results show a majority of respondents feeling the euro has not mitigated the effects of the crisis and urging Member States to act in a more coordinated fashion to tackle the problem.
This Eurobarometer survey on "Europeans and the crisis" is the third such survey undertaken for the European Parliament. The first one was carried out in January-February 2009, six months before the European elections, while the second was conducted in September 2010. The fieldwork for this survey was carried out by TNS opinion between 13 April and 2 May 2011 on the basis of face-to-face interviews with 26 825 European citizens.
Since the previous survey, public opinion at EU level has moved only marginally, whereas there were major shifts between the first and second surveys (January - August 2010).
view the Europeans and the Crisis-European Parliament Eurobarometer (EB Parlemeter 75.2)
Summary
Source: European Parliment
NYSE Euronext Brussels celebrates the listing of Commerzbank Factor Certificates and Reverse Exchangeable Notes
June 27, 2011--NYSE Euronext today celebrates the listing of Factor Certificates and Reverse Exchangeable Notes issued by Commerzbank. With this issue, Commerzbank reinforces its offering for trading on NYSE Euronext Brussels by adding 40 Factor Certificates and 27 Reverse Exchangeable Notes on 20 of the largest Belgian and Dutch stocks.
Factor Certificates offer on-exchange leverage participation to the daily performance of a specific underlying with a pre-defined fixed leverage and no maturity. Several fixed leverage levels are available allowing investors to select the leverage level corresponding to their individual risk profile.
Reverse Exchangeable Notes offer investors a relatively high coupon, no matter what the movement of the underlying is. At maturity, investors will receive either 100% of the par value or, if the stock value falls, a predetermined number of shares of the underlying stock
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Source: NYSE Euronext
European investors pull out of sovereign debt, shift into corporate bonds
June 27, 2011--Institutional investors across Europe have shifted their fixed income exposure from sovereign debt to corporate bonds, with investment in the asset class reaching its highest level in five years, according to IPE's European Institutional Asset Management Survey.
The survey, conducted in cooperation with Invesco Asset Management, found that fixed income allocations were on the rise, accounting for 58% of respondents' portfolios, up from 51% last year.
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Source: IP&E
Eurex Clearing to launch central clearing service for OTC securities lending transactions
Phased roll-out of European offering will start in November 2011/ CCP clearing will mitigate counterparty risk and increase capital efficiency/ First clearing model to incorporate specific roles of agent lenders and beneficial owners
June 27, 2011--Eurex Clearing, Europe’s leading clearing house, announced today that it will launch a central counterparty (CCP) service for the securities lending market based on Eurex Clearing’s proven systems and industry leading risk management standards. The new service will cover European markets for loans in equities, ETFs and fixed income securities. The phased roll-out will commence in November 2011, the full scope will be available in the course of 2012.
The new CCP service for securities lending has been designed in close cooperation with key market participants. A core element of the concept is a specific member license for lending participants that enables beneficial owners to participate as clearing members of Eurex Clearing without any margin obligation whereas agent lenders can maintain their current role.
“Our innovative offering preserves the key features of the OTC market for both lending and borrowing counterparties whilst being able to deliver significant capital and operational benefits to all participants”, said Thomas Book, member of the Eurex Executive Board and responsible for clearing. “Eurex Clearing is the first clearing house to incorporate the special structure of the securities lending market into a CCP model allowing cash and non-cash collateral as well as providing automated trade flow and loan lifecycle management”.
Eurex Clearing’s new CCP service for securities lending will provide significant improvements to the current market structure. The clearing house as single counterparty to all trades will reduce counterparty risk exposure and eliminate the need for multiple credit evaluations. Thus, users can achieve a significant reduction in capital allocation associated with bilateral transactions.
Source: Eurex
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