NYSE Euronext Monthly ETF Activity Report -August 2013
September 5, 2013--Listings
There were no new ETF listings in August.
At the end of August, NYSE Euronext's European markets had 647 listings of 557 ETFs from 17 issuers.
Trading activity
Average daily value traded on-book in August of €183.3 million, a decrease of 15.7% vs July 2013, and down 4.4% vs August 2012.
Total value traded on-book amounted to €4.0 billion, a decrease of 19.4% vs July 2013, and down 8.6% vs August 2012.
Average of 6,190 on-book trades (single-counted) executed daily last month, a decrease of 7.7% vs July 2013, and up 5.2% vs August 2012.
Total of €377.9 million exchanged in block trades in August, up 3.7% from the €364.4 million in July and down 27.5% vs August 2012.
Overall, block trade volume represented 9.4% of the total regulated market ETF trading activity on NYSE Euronext.
Assets Under Management (AUM)
At the end of August 2013, the combined AUM of all ETFs listed on the NYSE Euronext European markets totalled €163.2 billion, an increase of 13% YTD.
Market Quality
In August, 2 LPs took on liquidity responsibilities for 10 new LP contracts on 10 different ETFs:
Commerzbank further expanded their activity by taking on responsibilities for 5 Lyxor ETFs.
Getco added 2 iShares ETFs and 3 Lyxor ETFs to their activity.
Median spread for all listed ETFs of 27.3 bps, an improvement of 33% vs July 2013 and up 2% vs August 2012.
23 Liquidity Providers currently active on ETFs.
view the view the EU Monthly report view the US ETP Monthly report
Source: NYSE Euronext
Eleven asset managers in the $1 trillion club
Four companies had in excess of $2 trillion, says the report by research firm Cerulli Associates. These were BlackRock, the world's largest asset manager, with $3.8 trillion under management, State Street Global Advisors, with $2.1 trillion, and Vanguard and Pimco, which each had $2 trillion.
Source: Funds-Europe.com
Inflows into RQFII ETFs highly concentrated
Data firm Morningstar estimates that the seven RQFII ETFs had a combined net inflow of 352 million renminbi (€34.6 million) last month. These numbers do not take into account the flows to the newly listed ChinaAMC CES China A80 Index ETF on its first day of trading.
Source: Funds-Europe.com
NASDAQ OMX Monthly Index Performance Report-August 2013
Source: NASDAQ OMX
ETFGI Global Press Release: Global ETFs and ETPs suffered net outflows of 16.77 billion US dollars in August 2013
ETF and ETP assets have declined from the July record high of US$2.17 trillion to US$2.11 trillion at the end of August 2013. There are now 4,938 ETFs/ETPs, with 9,932 listings, from 211 providers listed on 57 exchanges.
"Investors' concern and uncertainty over the impact on markets of a potential military conflict in Syria and when and how the Fed will begin QE tapering caused investors to net withdraw US$16.77 billion from ETFs/ETPs in August" according to Deborah Fuhr, Managing Partner at ETFGI.
Source: ETFGI
BATS Global Markets August Highlights: Company Announces Merger Agreement With Direct Edge-Reports 24.1% Overall European Market Share
BATS Chi-X Europe showed continued strong performance in Spain, matching last month's record of 15.6% in Spain's IBEX 35. Overall, average daily notional value traded on BATS Chi-X Europe was €7.0 billion in August vs €7.3 billion in July.
Source: BATS
ASX and NYSE Technologies announce new global network connection
The linking of ASX Net Global and NYSE Technologies’ Secure Financial Transaction Infrastructure® (SFTI) will initially provide customers of NYSE Technologies cost-effective access to ASX markets and market data services.
ASX is the first Australian venue connected to NYSE Technologies’ network. The connection agreement supports the exchange of traffic between the two networks; and under this arrangement, ASX and NYSE Technologies will explore additional benefits that can be offered to the communities of customers connected to ASX Net Global and SFTI.
Source: NYSE Euronext
Institutions and Innovation Increasingly Important for Competitiveness
The report's Global Competitiveness Index (GCI) places Switzerland at the top of the ranking for the fifth year running. Singapore and Finland remain in second and third positions respectively. Germany moves up two places (4th) and the United States reverses a four-year downward trend, climbing two places to fifth. Hong Kong SAR (7th) and Japan (9th) also close the gap on the most competitive economies, while Sweden (6th), the Netherlands (8th) and the United Kingdom (10th) fall.
view the WEF The Global
Competitiveness Report 2013-2014 report
Source: WEF (World Economic Forum)
IMF Update on Global Prospects and Policy Challenges
Recent indicators point to stronger underlying activity in several advanced economies while key emerging economies have slowed. The impulse to global growth is expected to come mainly from the United States in the near term.
Against this background, financial conditions are generally tighter and market pressures have become acute for some emerging economies. Emerging economies were hardest hit following Fed "tapering" remarks and disappointing news about their growth. More recently, market pressures have been concentrated in certain emerging economies with important vulnerabilities. Both push and pull factors appear at work with respect to capital flow reversals and continued heightened market volatility for some—driven by changing expectations of monetary tightening in advanced economies and weaker fundamentals locally in key emerging economies.
view the Update on Global Prospects and Policy Challenges
Source: IMF
Average daily volume of 6.6 million contracts at Eurex Group in August
Of those, 4.5 million were Eurex Exchange contracts (August 2012: 5.1 million), and 2.1 million contracts (August 2012: 2.1 million) were traded at the U.S.-based International Securities Exchange (ISE). In total, 98.9 million contracts were traded at Eurex Exchange and 46.4 million at ISE.
Source: Eurex
September 5, 2013--Eleven asset managers had more than $1 trillion (€760 billion) in assets at the end of 2012, up from nine at the end of 2011, according to new research.
September 5, 2013--August was the first month in which renminbi qualified foreign institutional investor (RQFII) exchange-traded funds (ETFs) had a positive net inflow in seven months. These ETFs channel renminbi raised outside China and invest it directly into a portfolio of A-shares.
September 5, 2013--NASDAQ OMX has consolidated performance data for the top 50 most-watched NASDAQ OMX indexes.
September 5, 2013--Global ETFs and ETPs suffered record net outflows of US$16.77 billion in August after gathering near record net inflows of US$45.26 billion in July, according to ETFGI's Global ETF and ETP industry insights report*.
BATS Chi-X Europe Continues Strong Performance in Spain; BATS Options Reports 4.1% Market Share
September 4, 2013--BATS Global Markets (BATS) today reported that BATS Chi-X Europe posted overall market share of 24.1% in August, with new monthly market share records set in Oslo's OBX (25.1%) and Stockholm's OMXS30 (31.6%).
September 4, 2013--ASX and NYSE Technologies, the commercial technology business of NYSE Euronext, today announced that they have connected their respective global networks.
Competitiveness Report 2013-2014 finds highly innovative countries with strong institutions continue to top international competitiveness rankings
United States reverses its four-year downward trend and Japan rises to ninth place
September 4, 2013--Excellent innovation and strong institutional environments are increasingly influencing economies' competitiveness, according to The Global Competitiveness Report 2013-2014, which is launched today.
September 4, 2013--Executive Summary
This report provides an interim update of global developments and risks since the July Surveillance Note.
Global growth remains subdued but its underlying dynamics are changing. At the global level, major economies are seeing increasingly different growth dynamics and their relative cyclical positions are changing.
September 3, 2013--In August 2013, the international derivatives markets of Eurex Group recorded an average daily volume of 6.6 million contracts (August 2012: 7.2 million).
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