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CME Group volume averaged 15m contracts per day in Q1 2015

Tue, 07/04/2015 - 11:00

March 2015 volume at CME Group averaged 13.7 million contracts per day, down three per cent from March 2014. Total volume for March 2015 was 302 million contracts, of which 88 per cent was traded electronically.  Options volume in March averaged 2.6 million contracts per day, up two per cent versus March 2014, with electronic options growing 12 per cent over the same period. »

target

Gottex on course for profitability by end of 2015

Tue, 31/03/2015 - 19:00

Global asset management group Gottex Fund Management Holdings is on target to achieve operational profit by the end of 2015, according to the company’s annual results statement for 2014. Gotten says that synergies from the merger with EIM Group (EIM) are now expected to exceed USD20 million and to be fully implemented by June 2015. As a result the group is targeting to be operationally profitable by Q4 2015. »

man with megaphone

TradeNext bullish on RMB going global

Tue, 31/03/2015 - 06:00

China’s stake as the world’s premier economic power is expected to gain traction as the country continues to liberalise its economy and implement reforms that bolster its status among developing economies.  The Chinese Yuan became the tenth most active currency pair measured globally by the bank of international settlements in is 2013 triennial survey, the latest figures are expected to have risen by 15% as Yuan clearing and settlement saw additional players. »

retirement

Target date funds and US equities attract flows in DC plans

Mon, 30/03/2015 - 10:00

Defined Contribution (DC) retirement plan participants continued their move toward target date funds in 2014, with nearly 33 per cent of cash flows invested in the multi-asset class funds during the year, according to Northern Trust’s third annual DC Tracker. “The trend toward target date funds has accelerated in recent years, as more DC plans use these funds as the default investment option. However, high allocations to US equity indicate that many participants still lack global diversification in their DC investment portfolios.” »

Sean Hawkshaw

KBI reports record profits in 2014

Mon, 30/03/2015 - 07:00

Institutional asset management boutique Kleinwort Benson Investors (KBI) saw its consolidated revenue grow to EUR24.6m at year end 2014, an increase of 58% year on year.  The Dublin-based firm, which is part of BHF Kleinwort Benson Group SA, has declared an operating profit of EUR7.4 million for 2014, representing an almost threefold increase on 2013 (EUR2.5m).   »

Arnaud Claudon

BNP Paribas Securities Services depositary bank business reaches EUR1tn in assets

Thu, 26/03/2015 - 09:00

BNP Paribas Securities Services has reached over EUR1 trillion in assets held in its depositary bank in Europe, in its network covering 12 fund domiciles on the continent.  The bank expanded its depositary banking network in recent years in response to the AIFMD directive and impending Ucits IV regulation, launching depositary offerings in the UK, Netherlands and Switzerland in 2013 and 2014. It also acquired the depositary bank businesses of Commerzbank in Germany and Banco Popular in Spain. »

thumbs up

SLI’s China Equities SICAV returns 438% in ten years

Tue, 24/03/2015 - 06:00

Standard Life Investments USD181m China Equities SICAV has returned 438% to investors versus the MSCI China Index return of 247% since its launch ten years ago. The Fund has been a top decile performer over three, five and seven years and first percentile over ten years. Strong contributors to the performance of the Fund over the decade include stocks such as online flash sales marketing company, VIPS, which is up over 2000% since purchase; Shandong Weigao, a medical consumables company, and Tencent Holdings, the social networking platform. »

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ICE Futures US sets daily volume record in Mini MSCI Complex and Mini MSCI EAFE Futures

Wed, 18/03/2015 - 14:30

ICE Futures US has reported record daily volume in the mini MSCI futures complex as well as futures based on MSCI’s benchmark for international equity performance, the mini MSCI EAFE index, which tracks equities in developed markets in Europe and Asia. Total volume in mini MSCI products traded on ICE Futures US was 395,175 contracts on 16 March, 2015. The previous record of 364,483 contracts was set on 16 December, 2014. Volume in mini MSCI EAFE index futures was 150,140. The previous record of 139,164 was set on 12 September, 2014. »

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Net sales of UCITS jumped in January, says EFAMA

Tue, 17/03/2015 - 18:00

Net sales of UCITS jumped in January to EUR 83 billion, compared to net outflows of EUR 12 billion in December, according to the latest figures from the European Fund and Asset Management Association (EFAMA). This turnaround in net sales came on the back of a large increase in net sales of long-term UCITS and a strong return to positive net sales of money market funds.   Long-term UCITS (UCITS excluding money market funds) net inflows increased substantially to EUR 55 billion in January, up from EUR 16 billion in December.   »

Euros

European long-term MFs see net flows of EUR25.7bn in January

Mon, 16/03/2015 - 14:30

The European funds industry saw net inflows of EUR25.7bn into long-term mutual funds in January 2015, according to Lipper’s latest Fund Flash report. »

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