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ETF Landscape: European STOXX 600 Sector ETF Net Flows, week ending 04-Jun-10
June 9, 2010--This is a weekly publication analysing Net Flows in aggregate in the seven families of ETFs tracking the 19 STOXX 600 sectors.
Last week saw US$191.8 Mn net inflows to STOXX 600 sector ETFs. The largest sector ETF inflows last week were in Banks with US$309.9 Mn and Industrial Goods & Services with US$20.1 Mn while Health Care experienced net outflows of US$50.4 Mn.
Year-to-date, Media has had the largest net inflows with US$288.4 Mn net new assets, followed by Industrial Goods & Services with US$85.4 Mn YTD. Basic Resources sector ETFs have had the largest net outflows with US$235.3 Mn YTD. In total, STOXX 600 sector ETFs have seen US$327.2 Mn net outflows YTD.
The assets invested in the ETFs are greater than the open interest in the corresponding futures contract in 17 out of 19 sectors.
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Source: Global ETF Research & Implementation Strategy Team, BlackRock
Launch of Options on Five ETFs on NYSE Liffe
June 9, 2010--On June 7, NYSE Liffe launched options on five ETFs on the Paris derivatives market:
Option Underlying ETF:Lyxor ETF Stoxx 600 Banks
ETF ISIN:FR0010345371
Option Symbol:BNK
Option Underlying ETF:Lyxor ETF Stoxx 600 Oil & Gas
ETF ISIN:FR0010344960
Option Symbol:LOG
Option Underlying ETF:Lyxor ETF Stoxx 600 Basic Resources
ETF ISIN:FR0010345389
Option Symbol:BRE
Option Underlying ETF:Lyxor ETF Stoxx 600 Telecommunications
ETF ISIN:FR0010344812
Option Symbol:TEL
Option Underlying ETF:Lyxor ETF China Enterprise (HSCEI)
ETF ISIN:FR0010204081
Option Symbol:ASI
Source: NYSE Euronext
FTSE Italia Index Series Review June 2010
June 9, 2010-The FTSE Italia Joint Executive Group has approved the following changes to the FTSE Italia Index Series which will become effective after the close of business on Friday, 18 June 2010 (i.e. on Monday, 21 June 2010).
Il FTSE Italia Joint Executive Group ha approvato le seguenti modifiche per la serie di indici FTSE Italia che diverranno effettive dopo la chiusura delle contrattazioni di Venerdì 18 Giugno 2010 (Lunedì, 21 Giugno 2010).
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Source: FTSE
FESE Response To CESR Consultation Paper On Transparency For Bonds
June 9, 2010--FESE welcomes the opportunity given by CESR to respond to the Consultation Paper on technical advice to the European Commission in the context of the MiFID review on transparency for bonds.
View FESE Response_CESR CP 10-510 on Transparency for Bond
Source: FESE
IOSCO expands its global membership to include Iceland, the Maldives, Saudi Arabia and Syria
June 9, 2010--The International Organization of Securities Commissions (IOSCO) has today welcomed the securities markets regulators from Iceland, the Republic of the Maldives, the Kingdom of Saudi Arabia and Syria as its newest members.
The four newest members’ applications for membership were accepted at today’s meeting of IOSCO’s Presidents’ Committee, which is made up of the chairmen and chief executives of it member securities regulators.
In fulfilling the criteria for membership the applicants demonstrated their commitment to IOSCO’s Objectives and Principles of Securities Regulation and that their regulatory regimes allowed them to become signatories to Appendix A of the Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information.
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Source: IOSCO
Measures adopted by CESR Members on short selling-Updated
June 9, 2010--EU securities regulators are closely monitoring the functioning of the markets under the current
circumstances and are considering together possible actions which might be taken to contribute to
orderly functioning markets. Any such actions will be taken with a view to strengthening confidence in
financial markets and protecting investors
Particularly, CESR, in its role as a network bringing together EU securities regulators, has been coordinating
actions by its Members regarding the short selling practices, in particular in financial
companies. Some EU securities regulators have adopted measures in their respective markets either to
limit, or to introduce stringent requirements or further reporting obligations by firms to supervisory
authorities on short-selling.
view documents Bank of Ireland issue raises €1.7bn read more European private equity applies new strategy
PAI Partners’ €500m ($602m) buy-out of Cerba European Lab is a good example of the new type of deals. It is a secondary buy-out in the healthcare sector and PAI is financing only half the deal with debt.
read more Societe Generale launches Football 2010 Tracker
Consequently, Societe Generale analysts identified 16 European shares that have historically outperformed or at least been in line with the DJ Stoxx 600 Index during a World Cup.
read more Boerse Stuttgart strengthens market coverage in Switzerland “We intend to position our activities in Switzerland even more effectively. This is a very interesting retail investment market. Swissquote Bank is the ideal choice of partner,” observed Christoph Lammersdorf, CEO at Boerse Stuttgart. Swissquote Bank Ltd is already offering attractive order options in securitised derivatives, equities, debt instruments, investment fund units and ETFs on the Stuttgart Stock Exchange.
Under the terms of the cooperation, Boerse Stuttgart Holding GmbH sold its interest in Tradejet Ltd to Swissquote Bank Ltd. Tradejet Ltd is a Swiss information and online brokerage platform. Boerse Stuttgart Group had been majority shareholder in Tradejet Ltd since the company’s formation in 2004.
The new owner will take over Tradejet’s customers and employees. “Our involvement in Tradejet Ltd not only helped to raise awareness of Boerse Stuttgart in Switzerland. Above all, it also generated greater interest in the trading of securitised derivatives,” noted Lammersdorf. If you are looking for a particuliar article and can not find it, please feel free to contact us
Source: CESR
June 9, 2010--Bank of Ireland has met its target of raising €3.4bn (£2.8bn, $4.1bn) of fresh capital, more than demanded by its financial regulator, after it received a strong show of support for its deeply discounted rights issue.
The bank said that investors had bought 95 per cent of the new shares offered in its €1.7bn rights issue. The remaining shares, known as the “rump”, were sold to investors shortly after the results were announced.
Source: FT.com
June 9, 2010--Private equity has returned to the dealmaking fray in Europe this year. Buy-out activity in the region has trebled from the same period last year, according to Dealogic, but the deals look very different to those done before the financial crisis.
As well as being smaller, bankers say buy-out deals in the post-credit crisis world are likely to use much less debt, to be bought from another private equity owner and to be in a defensive sector, such as healthcare.
Source: FT.com
June 9, 2010--Societe Generale, a provider of UK exchange-traded products, has launched a tracker indexed on a basket of European shares sensitive to the World Cup 2010.
Several international companies, mainly in beverages, food producers and retailer sectors, have been shown to perform especially well before, during and after the events.
Source: ETF Express
June 8, 2010--Stuttgart Stock Exchange cooperates with Swissquote Bank Ltd
Boerse Stuttgart has launched a new cooperation agreement with Swissquote Bank Ltd in order to expand its share of the attractive retail investment market in Switzerland.
The parties complement each other extremely well. Boerse Stuttgart is the biggest stock market for private investors and Europe’s leading exchange for trading in securitised derivatives, while Swissquote Bank Ltd has around 150,000 customers and has established itself as the Swiss market leader in online banking and brokerag
Source: Boerse Stuttgart
