Wednesday 19th June 2013
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US Federal Reserve chief Ben Bernanke is expected to discuss the possibility of tapering its mass asset-purchasing programme at a policy meeting today - London-based exchange-traded product provider Boost ETP has added Morgan Stanley to its list of authorised participants - Franklin Templeton has named Jill Barber as head of institutional for UK and Ireland as the firm looks to grow its institutional channel - Data provider Markit has acquired the assets of the Depository Trust & Clearing Corporation’s (DTCC) corporate actions data service after increasing customer demand for an outsourced service managing corporate actions - Societe Generale Securities Services will set up operations in Ghana in a bid to develop its custody services offering in sub-Saharan Africa - Mirabaud Asset Management has hired Axa Framlington’s Anu Narula as global head of its equities division - Lyxor Asset Management has teamed up with hedge fund firm TIG Advisors to launch the Lyxor / Tiedemann Arbitrage Strategy fund, a new UCITS vehicle focused on mergers and acquisitions - FTSE will introduce a new ‘food, agriculture and forestry’ sector to its range of environmental markets indices - European fixed income trading venue MTS is set to launch MTS Swaps, a new platform that will give buy-side institutions the ability to trade interest rate swaps electronically - NYSE Euronext's derivatives business has added Chinese broker Zhujiang International Futures as a member of its London derivatives market, NYSE Liffe - Societe Generale Securities Services (SGSS) is setting up in Tunisia in a bid to extend its custody operations on the African continent - BNY Mellon has extended its mandate with the US arm of ING Investment Management. The bank will now provide fund accounting and administration, custody, and transfer agency services for two savings plans - French asset manager Amundi plans to strengthen its relationships with external distributors by creating a dedicated global business line - Fitch Ratings has revised India's Outlook to Stable from Negative and affirmed its Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BBB- - UBS MTF dark pool, the multilateral trading facility of Swiss bank UBS, has joined TMX Atrium’s network - FTSE Group has opened a dedicated office in Dubai. The new unit, housed within the Dubai International Financial Centre (DIFC), has been set up to develop the index provider's presence in the Middle East and Africa -

BlackRock report highlights a record month for fixed income ETPs

Friday, 15 June 2012
BlackRock report highlights a record month for fixed income ETPsEconomic uncertainty sparks a flight to safety that yielded a record setting month with ETPs attracting $11bn in net flowhttp://www.ftseglobalmarkets.com/

Economic uncertainty sparks a flight to safety that yielded a record setting month with ETPs attracting $11bn in net flow

Government bond ETPs attracted record breaking inflows of $5.6bn driven by flows of $4.4bn into US Treasury bond products. The previous monthly high for government ETPs of $3.6bn was set in June 2010. Broad/aggregate and investment grade corporate bond products attracted $1.6bn and $1.7bn respectively. Meanwhile, high yield bond ETPs saw monthly outflows of $1.3bn, the first month of redemptions since November 2011.

Emerging markets equity ETPs drew $3.3bn, with flows of $8.3bn into two new Chinese equity funds outweighing outflows of $5bn from a broad range of other emerging markets products. The two new Chinese equity funds seek to replicate the performance of the China Securities Index 300 which tracks 300 stocks traded on the Shanghai and Shenzhen stock exchanges. These are the first cross-market ETFs to be listed in China.

In developed markets equities, DAX German equity funds swung back with strong flows of $4.3bn in May on the heels of ($5.1bn) outflows last month.  Japanese equity ETPs also had a strong showing in May, garnering $3.6bn.

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