Friday 3rd July 2015
NEWS TICKER: FRIDAY, JULY 3rd: Euronext says trading volumes for June 2015 and enterprise-wide activity for the first half year. During the first six months of 2015, Euronext posted the strongest six-month performance since the end of 2011 supported by favourable economic conditions. June average daily transaction value on the Euronext cash order book stood at €9,202m (+54% compared with June 2014). Activity on ETFs remained particularly dynamic last month with an average daily transaction value at €587m, up 106% compared to June 2014. Cash markets saw a material increase in trading activity across the first half of 2015, with an average daily transaction value for the period up 35% vs 2014. During this period, Euronext experienced three of the ten highest volume traded days since January 2012, and on march 20th the strongest single day of trading cash products of €18bn since the same date. In the meantime, the continued focus on nurturing domestic market share meant it returned to 65% for the month of June in a highly competitive environment - Morningstar has placed the Morningstar Analyst Rating for the Mirabaud Equities Swiss Small and Mid-fund Under Review following the appointment of new portfolio manager, Paul Schibli. The fund previously held a Neutral rating. Morningstar manager research analysts will meet with the new manager soon to reassess Morningstar’s opinion on the fund - Moody’s has today changed the outlook on all ratings of Bridge Holdco 4 Ltd, the ultimate holding company for Bridon Group, to stable from positive. Concurrently, the group's B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating (PDR) as well as the B2 instrument rating on the USD286 million senior secured first lien term loan, $40m senior secured revolving credit facility and the Caa2 rating on the $111m senior secured second lien term loan borrowed by Bridge Finco LLC have been affirmed - Subsea 7 S.A. repurchase of convertible bonds has filed a notice with the Luxembourg stock exchange that it has repurchased convertible bonds worth $10m in nominal value at an average price of 91.5 of the $700m 1% Subsea 7 S.A. Convertible Bond Issue 2012/2017 (ISIN NO: 001066116.8). Following the purchase, the Company holds bonds with an aggregate nominal value of USD 91,800,000 representing approximately 13.1% of the 1.00% Subsea 7 S.A. Convertible Bond Issue 2012/2017 - Bellpenny says that its CEO, Kevin Ronaldson, will step down later this year to become ‘Founder Director’ of the business. Nigel Stockton, who has been a director of Bellpenny since inception, will, subject to FCA approval, become the new CEO. The changes are expected to take effect in September - The Straits Times Index (STI) ended 14.89 points or 0.45% higher to 3342.73, taking the year-to-date performance to -0.67%. The top active stocks today were DBS, which gained 2.00%, Singtel, which closed unchanged, Global Logistic, which declined 0.39%, Ascendas REIT, which gained 0.42% and UOB, with a 0.43% advance. The FTSE ST Mid Cap Index gained 0.16%, while the FTSE ST Small Cap Index declined 0.30%. Outperforming sectors today were represented by the FTSE ST Financials Index, which rose 0.69%. The two biggest stocks of the Index - DBS Group Holdings and OCBC- ended 2.00% higher and 0.79% higher respectively. The underperforming sector was the FTSE ST Basic Materials Index, which slipped 0.89%. Midas Holdings shares declined 1.56% and NSL increased 0.67%.

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BlackRock adds master trust to range of DC pensions solutions

Friday, 15 June 2012
BlackRock adds master trust to range of DC pensions solutions BlackRock says it has launched a new BlackRock Master Trust to complement its existing trust and contract-based DC solutions. It will bundle scheme administration, an investment platform, member engagement tools and trustee services. It will also enable employers to provide DC benefits under the more stringent governance model of a trust without the associated long term overheads of having to appoint trustees or meet the regulatory and audit costs usually associated with operating trust-based schemes, claims the firm. http://www.ftseglobalmarkets.com/

BlackRock says it has launched a new BlackRock Master Trust to complement its existing trust and contract-based DC solutions. It will bundle scheme administration, an investment platform, member engagement tools and trustee services. It will also enable employers to provide DC benefits under the more stringent governance model of a trust without the associated long term overheads of having to appoint trustees or meet the regulatory and audit costs usually associated with operating trust-based schemes, claims the firm.

Employers using the BlackRock Master Trust will be able to offer a preselected range of funds including a default option. Alternatively, employers can work with their investment consultant to customise the investment funds available using the full range of funds on BlackRock’s DC investment platform. The service will also provide a range of solutions to help companies meet the communications challenges of auto-enrolment. Employees will be able to use Target Plan, an integrated modelling tool, which allows clients to assess saving requirements and manage changes to retirement age, contribution level or investment choice.

Paul Bucksey, BlackRock’s head of DC business development and client relations,says that: BlackRock Master Trust ... will offer employers the cost effective and flexible solutions needed to address the challenges of auto-enrolment and the long term savings needs of their employees using the governance structure that best suits them. We have seen significant interest in Master Trust, both from existing clients as well as the wider market, and expect demand to accelerate as we move into the auto-enrolment era.”



Following an extensive selection process, BlackRock has appointed Independent Trustee Services (ITS) as the corporate trustee. “ITS has a strong approach to scheme governance and excellent relationships with pension schemes, employers and consultants which made them the ideal choice for our new product. ITS is a firm with an excellent reputation for delivering professional trustee services across a wide range of pension schemes,” says Steve Rumbles, BlackRock’s head of UK Defined Contribution Pensions, said:

 

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