STOXX signs MOU to license smart-beta indices to Mitsubishi UFJ Trust and Banking (MUTB)
May 7, 2015--STOXX Limited, the market-moving provider of innovative, tradable and global index concepts, today announced that it has entered into a memorandum of understanding (MOU) with Mitsubishi UFJ Trust and Banking Corp. (MUTB), the leading Japanese trust bank, to create and market new smart-beta indices.
Under the terms of the agreement, MUTB plans to license a wide variety of STOXX indices-in particular, from STOXX's smart-beta suite- to create investment products to increase its smart-beta offering to retail and institutional clients. STOXX also plans to develop smart-beta indices with support from MUTB.
Source: STOXX
Upcoming Launch of MSCI Saudi Arabia Indexes
May 7, 2015--MSCI Inc. (NYSE: MSCI), a leading provider of researchâbased indexes and analytics, is pleased to announce that it plans to launch MSCI Saudi Arabia Indexes as Standalone Market Indexes effective June 1, 2015, coinciding with the expected opening of the Saudi Arabia equity market to foreign direct
investments.
On May 4, 2015, the Saudi Arabia Capital Market Authority (CMA) adopted the "Rules for Qualified Foreign Financial Institutions Investment in Listed Shares" which are expected to become effective on June 1, 2015.
Source: MSCI
BATS Sets Monthly Records in U.S. Options, Europe Trade Reporting;
May 7, 2015--BATS Global Markets (BATS) today reported April volume, market share, and monthly highlights including its best month on record for U.S. Options market share, 9.9%, and second-best month on record for U.S. equities market share, 21.2%.
BATS Options' April 2015 market share rose from 4.2% one year ago and surpassed the previous monthly market share record of 9.4% set in March 2015. Also in the U.S., BATS remained the #1 U.S. market for ETF trading in executing 26.3% of all ETF trading volume.
Why robo-advisors look set for malfunction
May 7, 2015--There has been a lot of noise about the provision of low-cost, automated strategic asset allocation portfolios to retail clients
But the economics doesn't add up, says Morningstar.
-the growing attraction of low-cost index tracking funds and the management troubles at Pimco.
Source: FT.com
Pimco vs Vanguard: numbers tell the story
-the growing attraction of low-cost index tracking funds and the management troubles at Pimco.
Source: FT.com
China share in global indices set to rise
Come June, the International Monetary Fund will probably decide to include the Chinese renminbi in its special drawing rights (SDR).
Source: FT.com
BATS Files Exclusive Listings Proposal
Under the proposal, to be implemented at the company's discretion, the BATS exchanges would no longer offer trading in thinly-traded stocks that maintain a primary listing on other U.S. stock exchanges.
Source: BATS Global Markets
May 5, 2015--The changing of the guard among bond funds, as Vanguard surpasses Pimco as the manager of the world's largest fund, has its roots in two places
May 5, 2015--Renminbi's growing international stature will draw assets.
Seeks to Improve Investors' Trading Experience in Thinly-Traded Securities
May 5, 2015--BATS Global Markets (BATS), a leading global operator of exchanges and services for financial markets, today filed the "BATS Exclusive Listings Proposal" with the Securities and Exchange Commission, seeking to improve investors' trading experience in thinly-traded securities.
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