Invesco is to launch an exchange-traded fund (ETF) using an international issuance structure designed to bring efficiencies to Europe’s ETF market, where trading and settlement is fragmented.
Fund managers transacting securities in dollars through Euroclear can now settle with the guarantee of the Federal Reserve.
State Street Global Advisors (SSGA) has moved the remaining range of its Irish-domiciled exchange-traded funds (ETFs) to a centralised settlement platform operated by Euroclear that is intended to create efficiencies.
Financial clearing house Euroclear is to relocate its holding company from London to Brussels in preparation for Brexit.
Euroclear Bank, the Brussels-based market infrastructure provider, has won Franklin Templeton and JP Morgan Asset Management (JPMAM) to its centralised ETF issuance and settlement platform.
This article first appeared in the July-August 2017 edition of Funds Europe.
It’s feared that Brexit could destroy tens of thousands of jobs in the City of London, mainly in investment banking. Here, Mark Latham looks at the impact on the UK’s £7 trillion asset management...
The City of London’s asset management, fintech and clearing sectors will be the most vulnerable to job losses as EU financial centres bid to poach tens of thousands of jobs, according to a report on the effects of Brexit.
US ratings agency S&P says it is unlikely London will lose its place as the hub for euro clearing, despite fears that it may be shifted to an EU jurisdiction following the Brexit vote.
HSBC Securities Services, one of Europe’s largest custody banks, is looking to build its fund management client base with a collateral clearing product designed to help funds deal with incoming requirements for central clearing.
UK-based retail investment firm Hargreaves Lansdown is the first major player to use fintech firm Calastone to outsource its fund settlement process.
