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Source JPX-Nikkei 400 UCITS ETF launched on Xetra
ETF provides access to the performance of Japanese stock corporations
March 16, 2015--A new equity index fund from the ETF offering issued by Source has been tradable on Xetra in Deutsche Börse's XTF segment since Monday.
Name: Source JPX-Nikkei 400 UCITS ETF (EUR hedged)
Asset class: equity ETF
ISIN: IE00BVGC6645
Total expense ratio: 0.20 percent
Distribution policy: accumulating
Benchmark: JPX-Nikkei 400 Net Total Return Euro Hedged Index
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Source: Xetra
Source launches currency-hedged share classes of its JPX-Nikkei 400 ETF
March 16, 2015--Source, a leading provider of Exchange Traded Products (ETPs), is pleased to announce the launch of USD-and EUR-hedged share classes of the Source JPX-Nikkei 400 UCITS ETF.
At the same time, Source has reduced the annual management fee on the unhedged ETF to 0.20% from 0.29%. The hedged share classes will also be available at the same 0.20% management fee.
The JPX-Nikkei 400 Index provides broad exposure across the large-cap, small-cap, growth and innovation segments of the Tokyo Stock Exchange, but unlike other benchmarks, focuses on companies with the potential to generate shareholder value.
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Source: Source
Assets invested in ETFs/ETPs listed in Europe reached a new record high of US$494 billion at the end of February 2015, According To ETFGI
March 15, 2015--Assets invested in ETFs/ETPs listed in Europe reached a new record high of US$494 billion at the end of February 2015, according to ETFGI's monthly ETF and ETP global insight report for February.
The European ETF/ETP industry had 2,109 ETFs/ETPs, with 6,420 listings, from 50 providers listed on 26 exchanges in 21 countries.
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Source: ETFGI
Norway takes action against closet-tracking
March 15, 2015--The Norwegian regulator has become the first in Europe to accuse a bank of mis-selling a "closet tracking" fund-products that charge high fees for active management but mimic an index.
The regulator has ordered DNB, Norway's largest bank by market capitalization, to lower the pricing of one of its best-selling equity funds or "bring it in line with the characteristics of active management". DNB must also inform its investors of the regulator's decision.
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Source: FT.com
Pension funds seek riskier, illiquid bets to make returns they need
March 14, 2015--British pension funds are coping with low bond yields and high share prices by seeking riskier investments, in a hunt for the returns they need to meet their obligations to pensioners.
Collectively managing at least 2.5 trillion pounds (2.50 trillion pounds), pension funds are reeling from six years of money-printing by central banks globally, which has depressed yields so much that some bonds even cost investors money to hold them.
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Source: Reuters
EU states agree position for final deal to regulate market benchmarks
March 13, 2015--European Union states agreed a common position on Friday to regulate market benchmarks, opening the door to negotiations on a final agreement with lawmakers on new rules to avoid more damaging market rigging scandals.
The draft law was proposed by the bloc's European Commission after banks were fined for trying to rig interest rate benchmarks. Since then lenders have also been fined for trying to manipulate currency benchmarks, prompting lawmakers to toughen up the draft law.
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Source: Reuters
Dutch regulator to probe active ETFs
March 12, 2015--The Dutch regulator says it will focus on active exchange traded funds as part of a recently announced investigation into areas of overlap between active and passive funds.
The Netherlands Authority for the Financial Markets last month revealed that it was at the beginning of a probe into passive funds that have an active strategy, as well as active funds that behave like passive funds.
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Source: FT.com
ESMA sees continued tense securities market conditions
March 11, 2015--The European Securities and Markets Authority (ESMA) has published its Report No. 1, 2015 on Trends, Risks and Vulnerabilities in European Union (EU) securities markets, covering market developments from July to December 2014.
The report finds that market conditions in the EU have remained tense, with high asset valuations, stable asset prices over time but with rising short-term price volatility across key markets. There were strong price movements in foreign exchange and commodity markets; overall capital-market issuance for corporate funding continued to increase.
view the ESMA Report No. 1, 2015-Trends, Risks and Vulnerabilities
Source: ESMA
ECB-Euro area securities issues statistics: January 2015
March 11, 2015--The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.5% in January 2015, the same as in December.
For the outstanding amount of listed shares issued by euro area residents, the annual growth rate was 1.4% in January 2015, compared with 1.5% in
December.
New issuance of debt securities by euro area residents totalled EUR 619 billion in January 2015.
Redemptions stood at EUR 559 billion and net issues amounted to EUR 93 billion.1 The annual rate of change of outstanding debt securities issued by euro area residents was -0.5% in January 2015, the same as in December.
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Source: ECB
Banks, bond dealers step up fight against ESMA disclosure rules
March 11, 2015--Financial industry officials have stepped up a fight against draft EU rules for disclosure in bond markets,
warning that trading will dry up if dealers must publish price quotes based on faulty liquidity indicators.
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Source: mlexfs-core.com
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