Europe ETF Economic News

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New PIMCO Source active ETF launched on Xetra

ETF offers access to an actively managed bond portfolio
May 19, 2015--A new active ETF issued by PIMCO Fixed Income Source has been tradable on Xetra since Tuesday. This is a new asset class for the PIMCO Euro Short Maturity Source UCITS ETF, which is already tradable on Xetra.

The only difference is that the income is not distributed but accumulated.
ETF name: PIMCO Euro Enhanced Short Maturity Source ETF
Asset class: active bond ETF
ISIN: IE00BVZ6SP04
Total expense ratio: 0.35 percent
Distribution policy: accumulating
Benchmark: EONIA

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Source: Xetra

New Deka equity index ETF launched on Xetra

ETF tracks EURO STOXX 50 Index with accumulation
May 19, 2015--A new equity index ETF issued by Deka Investment GmbH has been tradable in Deutsche Börse's XTF segment since Tuesday. This is a new asset class for the Deka EURO STOXX 50 already tradable on Xetra, but differing in that the income is not distributed but accumulated.

ETF name: Deka EURO STOXX 50 (accumulating) UCITS ETF
Asset class: equity index ETF
ISIN: DE000ETFL466
Total expense ratio: 0.15 percent
Distribution policy: accumulating
Benchmark: EURO STOXX 50 Index

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Source: Xetra

WisdomTree brings popular currency-hedged ETFs to Europe

May 19, 2015--WisdomTree, the $61bn exchange traded funds provider, is to bring two of its best-selling US ETFs to Europe in response to growing appetite for currency-hedged ETFs.

WisdomTree's dollar-hedged Europe equity ETF will begin trading in London, Frankfurt and Milan on May 21.

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Source: FT.com

Making 'tactical adjustements' is the key reason for using ETPs

May 18, 2015--New research(1) commissioned by Source, one of the largest providers of Exchange Traded Products (ETPs) in Europe, reveals that European professional investors say they use ETPs most often to make 'tactical adjustments' to their portfolios.

Nearly three out of four (73%) of those interviewed mentioned this as a reason for investing in ETPs, followed by 61% who said they use them to gain 'long term broad market exposure'. Other responses include: supporting a long/short strategy (59%), liquidity management (52%), sector rotation (40%) and transition management (26%).

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Source: Source (ETPs)

Benchmarks: restoring confidence in the financial markets

May 18, 2015--Benchmarks are widely used to track market developments, however financial scandals involving benchmarks such as Libor and Eurobibor have shown that they are susceptible to manipulation.

On 18 May MEPs debate new rules to ensure the full transparency of all benchmarks used in the EU and vote on them the next day. Dutch Alde member Cora van Nieuwenhuizen, who wrote the report with recommendations, said: "It is a major step forward in ensuring the future robustness and accuracy of benchmarks."

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Source: European Parliament

Russian Economy Shrinks 1.9% in First Quarter

May 15, 2015--The Russian economy contracted by 1.9 percent in the first quarter year-on-year, the statistics service said on Friday, hit by sanctions and falling energy prices.

The reading was broadly in line with estimates given by Prime Minister Dmitri A. Medvedev and officials from the Economy Ministry over the last month, although some analysts said the figure was better than expected.

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Source: New York Times

New ETF Listing on Euronext

May 14, 2015--Euronext is pleased to announce that PowerShares will list 1 new ETF on 18/05/2015 :
ISIN: IE00BWTN6Y99
ETF Trading name: PS SP HI DIV LW VL
ETF Symbol: HDLV
Venue: Euronext Paris
Underlying index: S&P 500 Low Volatility High Dividend Index (Total Return)

TER (%): 0.30%

Euronext now offers 638 ETFs listed on the European markets.

Source: Euronext

Borsa Italiana: ETF Stat: April 2015

May 14, 2015--New Listing
28 new instruments were listed on ETFplus market
At the end of April there were listed 959 instruments (677 ETFs, 256 ETCs/ETNsand 26 open-end CIUs)

AUM
At the end of April, the Asset Under Management (AUM) deposited in Italy set a new historical record reaching €45.65bn (42.32bn for ETFs and 3.32bn for ETCs/ETNs) with a grow of 57.14% compared to April 2015

Inflows
During April 2015, in Italy ETFs amassed +€ 827bn of inflows

Trading
471.081 trades registered during April 2015 with a grow of 100.50% vs 2014

view the Borsa Italiana Market Statistics

Source: Borsa Italiana

WisdomTree launches Germany GBPCurrency Hedged Equity UCITS ETF on LSE

May 14, 2015--WisdomTree Launches Germany Currency Hedged Equity UCITS ETF on the London Stock Exchange
WisdomTree Germany Equity UCITS ETF – GBP Hedged (DXGP) is the first German currency hedged equity ETF in Europe

DXGP provides exposure to German equities while hedging currency fluctuations between the euro and GBP

DXGP is tilted towards exporters in Germany which may benefit from periods of euro currency weakness

WisdomTree, an exchange-traded fund ("ETF") and exchange-traded product "ETP") sponsor, today announced the launch of the WisdomTree Germany Equity UCITS ETF-GBP Hedged (DXGP) on the London Stock Exchange (LSE).

Euro Area Securities Issues Statistics: March 2015

May 13, 2015--The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.1% in March 2015, compared with -0.9% in February.

For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 1.5% in March 2015, compared with 1.4% in February.

New issuance of debt securities by euro area residents totalled EUR 643 billion in March 2015.

Redemptions stood at EUR 605 billion and net issues amounted to EUR 82 billion.1 The annual rate of change of outstanding debt securities issued by euro area residents was -0.1% in March 2015, compared with -0.9% in February.

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Source: ECB