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Industrial metals top performing commodity in quarter three
October 14, 2009-Commodities built on strong growth from the first half of the year with the ETFS Forward All Commodities DJ-UBSCI-F3SM up 12 per cent during 3Q 2009 and 238 per cent over the past ten years, according to ETF Securities.
ETFS industrial metals was the best performing exchange-traded commodity, with YTD growth of 54 per cent and 22 per cent during Q3 09. Industrial metals have also significantly outperformed developed market equities, bonds, cash and real estate since the start of 2009 as market appetite for high beta assets has accelerated.
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Source:ETF Express
SEI signs ten collective investment trust managers
October 14, 2009--SEI has signed ten new collective investment trust managers over the past eight months.
According to Cerulli Associates, CITs represented about USD733bn in employer-sponsored retirement plans, including defined benefit and defined contribution plan assets as of 30 June 2009.
SEI has specialised in the CIT market for more than 15 years, but has experienced even stronger growth as the adoption of CITs in the retirement space becomes more prevalent. Public policy and litigation has increased the scrutiny of retirement plan costs and fees, pushing plan sponsors toward lower-cost solutions such as CITs. Technology enhancements have also played a role in increasing the appeal of CITs.
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SOurce: ETF Express
CESR Consults On Definition Of Advice Under MiFID
October 14, 2009--CESR issued today a consultation paper seeking to clarify and illustrate situations where firms will, or will not, be considered as providing investment advice. Investment advice is an investment service under MiFID, which is why the distinction is important.
The main areas of the consultation focus on topics including:
- The provision of personal recommendations;
- The presentation of recommendations;
- Perimeter issues around the definition of personal recommendation; and
- Issues around the form of communication.
CESR invites responses to this consultation from all stakeholders by 14 December 2009.
view the CESR Consultation Paper- Understanding the definition of advice under MiFID
Source: COMMITTEE OF EUROPEAN SECURITIES REGULATORS (CESR)
European ETF Activity highlights:-NYSE EURONEXT
October 13, 2009--European ETF Activity highlights:
* At the end of September, NYSE Euronext had 432 ETFs with 480 listings from 13 issuers. NYSE Euronext ETFs cover more than 281 indices including an extended range of assets and strategies (Equity, Fixed Income, Commodities, Short, Leverage, etc…).
* The number of ETFs increased by approximately 26% YTD compared to end of 2008. At the end of September, NYSE Euronext European markets had registered 90 ETF listings and 6 delistings in 2009.
* Daily average turnover in September 2009 increased by 29.3% to €340 Million, and the daily average number of trades increased from 6 904 to 7 446, or 7.9%, compared to August 2009.
* The median spread of all listed ETFs was 32.53 bps in September.
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Source: NYSE EURONEXT
Macquarie Group in talks to acquire Sal Oppenheim
October 13, 2009--Fresh from agreeing a trio of US acquisitions and a string of high-profile hires in the US, Asia and Europe, Macquarie Group has a new target in sight.
The Australian investment bank and specialist infrastructure investor is in advanced talks to buy the investment banking operations of Sal Oppenheim, the private European bank, in a deal that if completed will significantly expand Macquarie’s presence in Germany.
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Source: FT.com
ETF Stat September 2009-ETF Plus Market
October 13, 2009-The ETF Statistics-September 2009 of ETF Plus Market is now available.
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Source: ETF Plus Market -Borsa Italiana
NYSE Euronext list seven additional iShares ETFs today
October 13, 2009-NYSE Euronext is pleased to announce the listing of seven additional iShares ETFs today
The Funds are:
iShares MSCI Europe(Acc)
ISIN:IE00B4K48X80
Trading Symbol:IMAE
iShares MSCI World (Acc)
ISIN:IE00B4L5Y983
Trading Symbol: IWDA
iShares MSCI Emerging Markets (Acc)
ISIN:IE00B4L5YC18
Trading Symbol:IEMA
iShares MSCI Japan (Acc)
ISIN: IE00B4L5YX21
Trading Symbol
IJPA
iShares S&P 500 (Acc)
ISIN:IE00B4L5ZD99
Trading Symbol: IACC
iShares Barclays Euro Government Bond 5-7
ISIN:IE00B4WXJG34
Trading Symbol: IEGY
iShares Barclays Euro Government Bond 10-15
ISIN: IE00B4WXJH41
Trading Symbol: IEGZ
Source: NYSE Euronext
ETF Statistics September 2009-London Stock Exchange
October 12, 2009--The ETF Statistics September 2009-London Stock Exchange are now available.
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Source: London Stock Exchange
UK fund managers and the risks & opportunities of climate change
October 13, 2009--Against a background of public debate on how to rebuild financial systems to manage the risks that will cause the next financial crisis, this report looks at a sector that controls majority shareholdings in the UK's largest companies, giving it the power to stimulate - or suppress - efforts to future-proof our companies, investments and economy against the physical, regulatory and financial impacts of climate change, while also promoting environmental sustainability.
Against a background of public debate on how to rebuild financial systems to manage the risks that will cause the next financial crisis, this report looks at a sector that controls majority shareholdings in the UK's largest companies, giving it the power to stimulate - or suppress - efforts to future-proof our companies, investments and economy against the physical, regulatory and financial impacts of climate change, while also promoting environmental sustainability.
This report is the result of research carried out in summer 2009, using responses from 39 of the largest fund management companies operating in the UK, together managing an estimated £6 trillion. Researchers looked at the attitudes, action and accountability of fund managers in relation to the risks and opportunities of climate change.
Key findings
The importance of climate change is recognised by fund managers, but action is suppressed by short-term analysis and lack of client demand.
Significant differences in the extent that different fund managers are taking action to anticipate climate change.
Differing views are held by fund managers on which sectors require action to manage climate change. Strong fund manager support for mandatory emissions reporting and reduction.
Fund managers' reporting on climate change risks and opportunities is disappointing.
Download the Report-Preparing for the storm
Source: Fair Pensions
State Street excluded by sustainable investor Triodos over landmine/cluster bombs info
October 12, 2009--State Street, the US finance giant that manages and administers billions for institutional investor clients, has been excluded from Triodos Bank’s investment universe over non-disclosure of investments in land-mine and cluster bomb manufacturers.
Triodos analyst Alice Byers said the Boston-based bank “provided limited information in response to our questions on possible relationships with companies that manufacture anti-personnel mines and cluster bombs”.
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Source: Responsible Investor
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