Wednesday 1st July 2015
NEWS TICKER: WEDNESDAY, JULY 1st 2015: at €149.3bn in June (June 2014: €93.7bn). Some €140.1bn is attributable to Xetra (June 2014: €86.2bn). The average daily turnover on Xetra stood at €6.4 billion in June (June 2014: €4.1 bn).A turnover of €4.1bn was attributable to Börse Frankfurt (June 2014: €3.9bn) - Equity trading volumes on the Vienna Stock Exchange amounted to €30.60bn from January to June 2015. This corresponds to an increase of 24 % versus the same period last year. Following particularly lively turnover in March, trading activity has remained strong in subsequent months. The average monthly turnover in the first half-year was around €5.1bn, 28% higher than in the previous year (2014: €3.98bn). Rising prices were not the only factor driving up trading volumes - the number of exchange trades was also up this year from 38.8% (exchange trades executed: HY1 2014: 2.85m; HY1 2015: 3.96m). Austrian companies have raised a volume of €195m in fresh capital through capital increases in the first half of 2015 - Markit (Nasdaq: MRKT), the financial information services provider, says it has completed its acquisition of Information Mosaic, a software provider for corporate actions and post trade securities processing. The Information Mosaic business is being integrated into Markit’s Solutions division and will be led by Paul Taylor, managing director, reporting to Michele Trogni, managing director and cohead of Solutions - Gerry Rice, director of communications at the International Monetary Fund (IMF), made the following statement today regarding Greece’s financial obligations to the IMF due today: “I confirm that the SDR 1.2 billion repayment (about EUR 1.5bn) due by Greece to the IMF today has not been received. We have informed our Executive Board that Greece is now in arrears and can only receive IMF financing once the arrears are cleared. I can also confirm that the IMF received a request today from the Greek authorities for an extension of Greece’s repayment obligation that fell due today, which will go to the IMF’s Executive Board in due course.” - Morningstar has downgraded the Neptune European Opportunities fund to a Morningstar Analyst Rating™ of Bronze. The fund previously held a Silver rating. The fund remains a solid choice as an unconstrained European equity offering, boasting a talented and longstanding manager in Rob Burnett. However, the risk-return profile of the fund has deteriorated over recent years as the manager has made a number of ill-timed shifts in the portfolio which have resulted in significant performance variability and heavily weighed on the fund’s three- and five-year risk-adjusted returns. Whilst Morningstar continues to think very well of Burnett and expects investors to benefit from his moves to limit short-term trading and make better use of the risk management tools at his disposal, Morningstar believes a Bronze rating provides a better reflection of the fund’s relative merits – The shares of Cassiopea were traded for the first time under the Main Standard of SIX Swiss Exchange, opening at CHF35.00. This corresponds to a total market capitalisation of around CHF350m - Further to its public offer of up to 1,000,000 Certificates to be issued by Deutsche Bank AG under its X-markets programme, the bank has issued 45,000 securities at a price of U$100 per certificate today. Application has been made for the Securities to be admitted to listing on the official list of the Luxembourg Stock Exchange and to trading on the Euro-MTF market of the Luxembourg Stock Exchange - The Straits Times Index (STI) ended 13.81 points or 0.42% higher to 3331.14, taking the year-to-date performance to -1.01%. The top active stocks today were Singtel, which gained 1.19%, SGX, which gained 4.47%, DBS, which declined 0.92%, OCBC Bank, which declined 0.10% and Global Logistic, with a 1.19% advance. The FTSE ST Mid Cap Index gained 0.09%, while the FTSE ST Small Cap Index rose 0.14%. The outperforming sectors today were represented by the FTSE ST Real Estate Holding and Development Index, which rose 1.35%. The two biggest stocks of the Index - Hongkong Land Holdings and Global Logistic Properties – ended 2.32% higher and 1.19% lower respectively. The underperforming sector was the FTSE ST Technology Index, which slipped 1.63%. Silverlake Axis shares declined 3.57% and STATS ChipPAC gained 0.97%.

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BlackRock launches global real estate securities capability

Friday, 08 June 2012
BlackRock launches global real estate securities capability BlackRock has launched a new global real estate securities investment platform. The initiative is borne out of BlackRock’s long-term experience in the real estate investment business and its proven expertise in Fundamental Equity investment, says the firm.Industry veteran Mark Howard-Johnson has been appointed as the global head of Real Estate Securities Management to lead the development of the new business. One of Howard-Johnson’s first priorities will be to build a global team which is expected to include approximately six additional investment professionals by year-end. http://www.ftseglobalmarkets.com/

BlackRock has launched a new global real estate securities investment platform. The initiative is borne out of BlackRock’s long-term experience in the real estate investment business and its proven expertise in Fundamental Equity investment, says the firm.Industry veteran Mark Howard-Johnson has been appointed as the global head of Real Estate Securities Management to lead the development of the new business. One of Howard-Johnson’s first priorities will be to build a global team which is expected to include approximately six additional investment professionals by year-end.

The new global real estate securities team will work closely with BlackRock’s real estate research and investment professionals to identify and pursue investible trends in the real estate industry. The team will also look to leverage the broad investment market insights and trading expertise of the Fundamental Equity teams at BlackRock. The team will employ these resources as part of its intense fundamental approach to investing in real estate securities.

“BlackRock is already the largest manager in the REIT sector across a broad range of products – expanding this expertise for dedicated actively managed products is a natural extension of the firm’s robust real estate capabilities,” explains Jack Chandler, global head of Real Estate at BlackRock. “This will further strengthen our ability to offer our institutional and retail clients an unrivaled set of real estate solutions.”



Howard-Johnson most recently served as chief investment officer at Building & Land Technology, where he was responsible for launching its real estate securities management effort.  Previously, he was global head and chief investment officer of REIT management at Goldman Sachs Asset Management. In addition to growing the business to over $5bn in assets under management, his team’s US flagship offering produced strong results for clients on both an absolute and relative basis. He also helped launch real estate securities products that pursued income, international, and long/short strategies.

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