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Editor's blog
Lyxor launches ETFs on platform for IFAs
Lyxor Asset Management has released its UK range of 30 exchange-traded funds (ETFs) on to Ascentric, a whole of market wrap platform, making the range available to independent financial advisors (IFAs). Lyxor says IFAs are becoming an increasingly…
UBS served with arbitration claim over Lehman notes
UBS has been served with an arbitration claim by a Florida law firm on behalf of an elementary school teacher, who lost over US$100,000 purchasing Lehman principal protected notes from the bank's brokerage arm.
Deutsche unveils first ETF linked to global sovereign bond index
Db x-trackers, the exchange-traded fund (ETF) arm of Deutsche Bank, has released an ETF tracking a global sovereign bond index, listed on the Deutsche Börse. The ETF is based on the DB Global Investment Grade Government Eur Hedged Index, which provides…
UBS exits exotic structured products business in FICC
UBS is fully exiting its exotic structured products business within its fixed income, commodities and currencies (FICC) division, the bank has confirmed. As part of the restructuring, four senior managing directors have left the bank: Todd Morakis, head…
Culross launches listed Nomura note for UK investors
Culross Global Management, the UK-based investment manager, has unveiled a new listed note linked to two of its proprietary funds. The Nomura Culross Alpha note will be listed on the London Stock Exchange, and the Japanese bank that issued the sterling…
In comes the New Year with NDFA Income plan
NDFA has unveiled its latest Regular Income plan, delivering tax efficient returns for dividend income from non-UK shares. With interest rates cut to their lowest level, NDFA believes that 2009 will be the year of the income investment. "Income will,…
JP Morgan to release 32 Vanguard ETFs in Mexican market
JP Morgan's Depositary Receipts Group has teamed up with Vanguard, a US-based provider of exchange-traded funds (ETFs), to offer its US-registered ETFs on the Mexican Stock Exchange, Bolsa Mexicana de Valores (BMV). The Vanguard ETFs are listed on the…
Direxion launches latest leveraged ETFs
Direxion, a US-based provider of alternative investment strategies, has unveiled two three-times leveraged exchange-traded funds (ETFs) in its range. The Direxion Mid Cap Bull 3x Shares and Direxion Mid Cap Bear 3x Shares ETFs provide 300% of the daily…
SEC in the dock over Madoff fraud
Editor's blog
Uruguayan pension fund goes supranational for second time
Uruguayan pension fund, Republica Afap, has invested in a EUR/USD-linked participation note with the intent to hedge its portfolio against the depreciation of the euro against the dollar. The structured product, issued in October 2008, is the second such…
Caution prevails; invest in government bonds, says Merrill Lynch GWM
"We are very cautious on 2009," says Gary Dugan, chief investment officer of Merrill Lynch Global Wealth Management in Europe, Middle-East and Africa and author of Year Ahead 2009 . "Equities are attractively valued but investors need to take a limited…
NDFA sports FTSE play
UK distributor NDFA has launched its Growth Kick Out Plan December 08, an autocallable product designed to provide exposure to the FTSE 100 index.