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Three new Amundi ETFs launched on Xetra
XTF segment now contains 801 funds
March 15, 2011-- Two new listed equity index funds and a bond index fund issued by Amundi have been tradable in Deutsche Börse’s XTF segment since Tuesday. This brings the number of exchange traded funds listed in Deutsche Börse’s XTF segment to over 800.
ETF name: Amundi ETF AAA Govt Bond EuroMTS
Asset class: bond index ETF
ISIN: FR0010930636
Total expense ratio: 0.14 percent
Distribution policy: non-distributing
Benchmark: EuroMTS AAA Government Index
ETF name: Amundi ETF MSCI Europe Energy
Asset class: equity index ETF
ISIN: FR0010930644
Total expense ratio: 0.25 percent
Distribution policy: non-distributing
Benchmark: MSCI Europe Energy Index
ETF name: Amundi-ETF MSCI Emerging Markets I
Asset class: equity index ETF
ISIN: FR0010959676
Total expense ratio: 0.45 percent
Distribution policy: non-distributing
Benchmark: MSCI Emerging Markets Index
The bond fund ETF, Amundi ETF AAA Govt Bond EuroMTS, allows investors to participate in the performance of the EuroMTS AAA Government Index. The underlying index tracks the value of euro-denominated government bonds that are issued in the euro zone and have at least an AAA rating. All the bonds must have an outstanding volume of at least €2 billion and a minimum residual maturity of one year. With the Amundi ETF MSCI Europe Energy, investors can participate in the performance of all European equities in the energy sector.
The Amundi ETF MSCI Emerging Markets further offers investors an investment opportunity in the performance of 2,600 companies from 21 emerging markets. The index represents 85 percent of market capitalisation.
The product offering in Xetra’s XTF segment currently comprises 801 exchange-traded index funds, making it the largest offering of all European stock exchanges. With this offering and an average monthly trading volume of around €13 billion, Deutsche Börse’s XTF segment is the leading trading venue for ETFs in Europe.
Source: Deutsche Börse
CME Clearing Europe Announces Launch Of European Clearing Services - Initial Products Are Energy, Rapeseed Oil And Freight
March 15, 2011--CME Clearing Europe, a wholly-owned London-based subsidiary of CME Group, today announced that it will begin clearing more than 150 over the counter (OTC) energy and commodity derivative products beginning Friday, 6 May.
"The start of clearing at CME Clearing Europe is timely in light of the need for enhanced risk management in commodity markets and the imminent legislative change mandating the clearing of OTC derivatives," said Andrew Lamb, Chief Executive Officer of CME Clearing Europe. "While the initial focus of our product expansion will be on commodity products – energy, metals and agricultural – we aim to introduce clearing for OTC financial derivatives, beginning with interest rate swaps, in parallel with the deepening of the commodity clearing. Our goal is to offer a full multi-asset OTC clearing service, building on CME Group's clearing experience as well as its established and growing European presence."
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Source: CME Group
Nikkei crashes as nuclear problems escalate
March 15, 2011--Japanese equities plunged in their third-biggest drop on record on Tuesday as foreign investors embarked on panic selling amid an escalating nuclear crisis that has erased a sixth of their value this week.
Tokyo markets were already reeling as investors tried to assess the impact that Tokyo Electric was having in controlling the series of explosions at its Fukushima plant following a devastating earthquake and tsunami last Friday. But news of an explosion releasing radiation into the air on Tuesday sent shares into a tail spin.
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Source: FT.com
Eurozone keeps close eye on inflation threat to growth
March 14, 2011-- Eurozone governments agreed Monday to keep a very close eye on rising inflation amid fears it threatens growth in the 17-nation single currency area.
The head of eurozone finance ministers, Luxembourg Prime Minister Jean-Claude Juncker, blamed the inflationary pressure primarily on a "considerable" rise in commodity prices.
After ministers met in Brussels, he said it was important to prevent a wider rise in prices and salaries "which could spark generalised inflationary tensions in the medium term."
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Source: EUbusiness
Latin America the focus for latest HSBC ETF offerings
HSBC has launched further exchange-traded funds with the announcement of two Latin American equity propositions
March 14, 2011--The HSBC MSCI EM Latin America ETF aims to replicate the performance of the MSCI EM Latin America Net Total Return Index.
The HSBC MSCI Mexico Capped ETF was launched on 4 March with the aim of replicating the performance of the MSCI Mexico Capped Net Total Return Index.
Both ETFs will use physical replication to track their respective indices - as is the case with all HSBC ETFs launched to date - investing in securities in the same proportions as the relevant index. As one distinction between the two the Latin America product may not take exposure to all securities in the index and will instead use a technique known as ‘optimisation’ to replicate performance.
They are both listed on the London Stock Exchange in sterling and US dollar trading currencies.
Source: International Advisor
Listing Of Nine New ETFs On Oslo Børs On Tuesday 15 March
March 14, 2011--On Tuesday 15 March 2011 nine new exchange traded funds (ETFs) will be listed on Oslo Børs. The new funds provide investors with the opportunity for exposure in equities throughout the Nordic and in Norwegian oil service companies through various index funds that follow the Nordic and Norwegian indices.
Handelsbanken is the issuer of the ETF's, and will mark the listing of the new index funds on Oslo Børs by ringing the bell at 0900 am.
After the bell ceremony Handelsbanken will give a short presentation of the funds. The presentation is open to the press and public.
Eight of the funds to be listed on Oslo Børs 15 March are based on Nordic indexes, and the funds are primary listed on Nasdaq OMX Stockholm. The funds will be secondary listed on Oslo Børs in Norwegian kroner and the fund shares that are traded on Oslo Børs will be registered in VPS, the Norwegian Central Securities Depository.
The ninth fund to be listed is based on the new Oslo Børs oil service index, OBOSX. OBOSX consists of all oil service companies in the Norwegian OBX index and is the first oil service index in Europe.
- We are very pleased to offer investors on Oslo Børs new and interesting investment options. ETFs are increasingly popular and sought-after products in the Norwegian market, and we are excited to extend our offer to include products based on both the Nordic indices and our own newly established oil service index, says president and CEO of Oslo Børs, Bente A. Landsnes.
The following funds will be listed on the Oslo Børs on Tuesday 15 March:
•XACT Oil Service - invests in companies in the Oslo Børs Oil Service Index (OBOSX).
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Source: Oslo Børs
Boerse Stuttgart announces new trading hours
Trading in equities and bonds to start at 8.00 hours
March 14, 2011--Boerse Stuttgart will soon be extending its trading hours. With effect from 1 April, trading will commence at 8.00 hours CET. Initially the change will be limited to German DAX, MDAX, SDAX and TecDAX shares as well as international equities, participation certificates and bonds.
Up to the present, the same trading hours (from 9.00 to 20.00 hours), have applied to all categories of securities. “Our decision to extend trading hours comes in response to the wishes of many retail investors, who want to react even more quickly to developments on the international markets. In this age of 24-hour global stock market activity, investors can now follow the latest news in Asia, for example, in the early hours of the morning,” says Christoph Lammersdorf, CEO of Boerse Stuttgart Holding GmbH.
Source: Boerse Stuttgart
Irda to give more investment options
March 12, 2011--The Insurance Regulatory and Development Authority (Irda) is considering allowing insurers to trade in gold exchange-traded funds and equity derivatives. It may also allow them to take part in the securities lending and borrowing (SLB) segment.
The aim is to give them more options to hedge risks.
The regulator has set up a committee under R K Nair, member, Irda, to formulate new investment guidelines.
"We have already allowed investment in infrastructure bonds and venture capital funds . The new guidelines will be far more liberal," Nair said at the Business Standard Insurance Round Table in Mumbai on Thursday evening.
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Source: Busines Standard
LSE admits gap in retail bond data
March 11, 2011--The London Stock Exchange has admitted that real-time prices for some retail bonds traded on its market may not be available to investors as a result of its switchover to a new technology system.
The development is the latest problem to arise from the exchange’s overhaul of its technology, which involves switching the LSE’s markets over to a new system developed by MillenniumIT.
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Source: FT.com
Bond yields of fragile eurozone members hit records
March 11, 2011--Bond yields of the most financially fragile eurozone members hit fresh records on Friday as eurozone leaders began talks on stepping up policy coordination to tame a debt crisis that threatens to claim new victims.
The yield on 10-year bonds from Portugal, which is widely seen as likely to be the next eurozone member to need a bailout, rose to 7.479 percent at 1700 GMT from 7.404 percent late on Thursday.
Portugal had also announced Friday it will adopt more austerity measures to ensure its public deficit meets EU norms by 2012.
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Source: EUbusiness
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