Christian Machts

Deutsche Börse welcomes ETF Willow as a new ETF issuer on Xetra 🎉 ETF Willow's first Active Exchange Traded Fund has been tradable on Xetra since today: The investment objective of the AI-Enhanced Eurozone Equities UCITS ETF is to outperform the MSCI EMU Index through stock selection. This involves identifying companies with upside potential that are not closely correlated to systematic risk factors. These include risks related to individual countries’ fiscal policies, regulatory changes within sectors or sensitivity to global market movements. https://lnkd.in/e_vkCj6H #etfs #xetratrading

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THOUGHT LEADERSHIP: The growth of European single stocks derivatives (SSDs) created a large and diverse range of products for equity market exposure. However, this growth came with complexity, often adding costs to trading. As the key hub for the European market, Eurex has undertaken constant upgrades to ensure cost-efficiencies for traders. The newest feature is enabling the home market settlement. #thoughtleadership #derivatives #equities #tradingcosts #eurex #settlement #posttrade

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01.07.2024 - Investoren Plattform News: Liquide Alternatives Emerging markets lead hedge fund gains Emerging markets hedge funds saw accelerated gains through mid-second quarter of 2024, leading industry performance amidst rising geopolitical risks, according to data. Hedge fund research firm HFR reported that these risks stemmed from military conflicts, volatile elections in Europe and the US, and policy changes expected in 2H24. According to the analysts, investors in emerging […] und mehr als 8.200 weitere Artikel finden Sie unter: https://lnkd.in/eWa-y2Mh

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New research from our faculty Philipp Schuster and his colleagues Gjergji Cici and Franziska Weishaupt reveals that bond fund managers with prior experience as traders have a distinct advantage in managing funds! 🔍 Their paper "Once a Trader, Always a Trader: The Role of Traders in Fund Management" finds that these "trader-managers" are able to: ✅ Better identify and capitalize on short-term trading opportunities ✅ Achieve lower transaction costs ✅ Exhibit more sophisticated risk management behavior These skills are especially valuable during times of market volatility. 📈 The paper has been featured in the latest issue of Institutional Money magazine (German). You can access the full study here: https://lnkd.in/eb3FjpJ3 #FundManagement #BondTrading #FinanceResearch #LinkedInPost

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German fund industry is progressing.

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📣 Heidelberg Materials is one of the world’s largest integrated manufacturers of building materials – and it has placed sustainability at the heart of its strategy for the future. As the company continues on its journey to achieving carbon neutrality, Commerzbank is proud to have acted as a Joint Bookrunner on Heidelberg Material’s inaugural green bond. 🍃 This EUR 700m 10-year landmark transaction marks the first corporate EUR benchmark green bond to finance the manufacturing of low-carbon cement. For Heidelberg Materials, this transaction will support their transition to sustainable operations, including introducing pollution prevention and control, energy-efficient technologies and processes and increased recycling capabilities. It contributes both to the achievement of the Paris Agreement and to several EU environmental objectives. 🌳 The decarbonisation of the building materials sector – a hard-to-abate sector – is key to transforming the real economy. This transaction demonstrates Commerzbank’s commitment to sustainable finance and our continuous support for our clients throughout their sustainable transformation journeys.

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Remember the fierce competition between EUREX and LIFFE for dominance in the German government bond market ("The Battle of the Bund")? Recently in #ExchangeInvest newsletter issue (EI 2994) we took a deeper dive into this oft-cited story, revealing the surprising truth behind Eurex's recent volumes in Euro STIR contracts… It raised a lot of questions and the answers we discerned are…perplexing. Want the full breakdown? Exchange Invest subscribers get exclusive access to in-depth reports like this one. Subscribe today and access exclusive industry analysis straight from the world's leading markets. ➡️ [Link in comments] ICE CME Group #Bourse #MarketCompetition #EuroSTIRs #MarketAnalysis #FinancialMarkets #Derivatives #DataAnalysis

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📢 Out now: Structured Products Market Report 04/24: https://six.swiss/35AQ6fd 🚀 In April 2024, SIX Swiss Exchange saw the number of tradable structured products raise once again over the 60,000 threshold. At the end of the month, investors had a chance of 60,696 products, a MoM increase of 5.5%. Over the course of the month our issuers listed 10,300 products. 📈 Trading activity was somewhat quieter in April than in the previous month: turnover fell by 9.5% to CHF 853 million, while the number of transactions fell by 8.1% to 39,083. Compared to April 2023 however, that’s an increase of 47.3% in turnover and 46.2% in transactions. 💡 Further details are available in our full Market Report (in German) – subscribe to this and other reports for free: https://six.swiss/2TF5gz2 #B1Gnumbers #SIX #sixswissexchange #StructuredProducts #Trading #Investing Sébastien Neukom

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⭐ The Week in ETFs at a Glance ⭐ 🤝 Strategic Partnerships: Franklin Templeton has teamed up with Trade Republic and justTRADE - JT Technologies GmbH to offer its entire ETF range on these Neobrokers’ German and Austrian platforms. Amundi has partnered with Scalable Capital to feature its ETFs on Scalable’s German platform. WisdomTree has partnered with Moneyfarm to provide thematic and commodity ETPs on its Italian brokerage platform. None of this is surprising when you look at the growth of online platforms in Europe, especially Germany, the poster child of retail ETF adoption. 📈 Market Growth: New analysis from our friends at Trackinsight reveals that Investors in the US are flocking to options-based ETFs. This segment of the ETF market in the U.S. has now close to 450 ETFs with a combined AUM of $136 billion. Over the past year, investors added $47 billion to these ETFs. 🗒 Noteworthy: According to research from Strategas ETF Research, Active ETFs saw more than $120 billion in flow in the first half of this year in the US. 💴 Salary Trends: With $100k, you can typically hire someone with up to 3 years of experience. This benchmark is now being challenged as mid-ranking operations roles also fall within this salary bracket. To get the full story straight to your inbox, sign up for The Week in ETFs: https://shorturl.at/M7Cb8

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The 𝗔𝗹𝗽𝗵𝗮 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗲𝘀 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲, organized by UBS Investment bank, was once again a fantastic event. A big thank you to Spyros Mesomeris , Andres Schmitz and Michael N. Grosso for inviting me to discuss the 𝗹𝗶𝗾𝘂𝗶𝗱 𝗮𝗹𝘁𝗲𝗿𝗻𝗮𝘁𝗶𝘃𝗲𝘀 landscape and share exciting news about our upcoming 𝗨𝗖𝗜𝗧𝗦 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝗹𝗮𝘂𝗻𝗰𝗵. A special shout-out to Ioana Gradinaru for moderating our session, "Bringing the solutions toolkit to wealth management and insurance" and to my fellow panelists John Holmgren, Stefan Klocker, Quang Pham, Marko Sobic. The discussions highlighted several key trends: • The macro environment craves for diversifying strategies • Technological progress and market structure offer new, exciting opportunities for quantitative strategies • High-interest rates are a tailwind for liquid alternatives (cash + solutions) • Liquidity is once again in demand from investors A Global Macro UCITS strategy can be structured to check many of these boxes: • Provide access to alternative sources of return • Demonstrate low correlation to traditional assets • Combine systematic and discretionary strategies • Use human creativity and experience-based judgement for quantitative modelling • Offer daily liquidity • Ensure transparency through a highly regulated framework “You can’t predict. You can prepare.” – Howard Marks #Alternatives #Liquidity #Diversification

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Here is our monthly market review. Discover what the month of April had in store! For further information, please check https://weisshorn-am.com/. #weisshorn #news #market #assetmanagement #finance #investment

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🚨 Big Changes Ahead for UBS Group AG! 🇨🇭 Switzerland's iconic banking titan, UBS Group AG, is gearing up to face potential regulatory reforms that could shake up its operations. Proposed in response to the recent challenges in the banking sector, these reforms aim to fortify UBS's capital reserves for its international ventures. 💰 Under the proposed changes, UBS could face a hefty increase in its capital requirements, potentially amounting to around $20 billion! This news has already sent shockwaves through the market, with UBS shares taking a dip as investors brace for impact. 💼 While the exact figures are still up in the air, early estimates suggest UBS might need to beef up its capital reserves by an additional $10 billion to $25 billion. This uncertainty poses challenges for UBS in terms of planning for the future and managing shareholder expectations. ⏰ Despite pushback from UBS executives, these reforms aim to address vulnerabilities in the Swiss banking sector highlighted by recent crises. However, any changes won't take effect until at least 2026, giving UBS time to adjust to the shifting regulatory landscape. Source: Bloomberg, Handelszeitung #IWP #switzerland #financialnews

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Market volatility is low (VIX down) and systematic signals 📈 are bullish across equities (developed & emerging) and industrial commodities. This suggests the potential for systemic trading strategies to capitalize on these trends. However, a moderately bearish 📉 stance remains on short-end US Treasuries and German sovereign debt. Read the report for a more d 📑 detailed breakdown of these trends and actionable insights,

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𝐋𝐞𝐚𝐫𝐧𝐢𝐧𝐠 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐈𝐬𝐬𝐮𝐞 𝐅𝐨𝐮𝐫 | 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐄𝐪𝐮𝐢𝐭𝐢𝐞𝐬 𝐚𝐧𝐝 𝐁𝐚𝐬𝐞𝐥 𝐈𝐈𝐈 𝐍𝐞𝐠𝐨𝐭𝐢𝐚𝐭𝐢𝐨𝐧𝐬 𝘌𝘶𝘳𝘰𝘱𝘦𝘢𝘯 𝘦𝘲𝘶𝘪𝘵𝘪𝘦𝘴 𝘣𝘢𝘤𝘬 𝘪𝘯 𝘷𝘰𝘨𝘶𝘦 Beset by multiple crises and lackluster growth for over a decade, European equity market underperformance had become ingrained in investor expectations. However, since bottoming out in October 2022, they have been a surprise outperformer. Can this last? * 𝘌𝘯𝘥𝘨𝘢𝘮𝘦 𝘧𝘰𝘳 𝘜𝘚 𝘉𝘢𝘴𝘦𝘭 𝘐𝘐𝘐 𝘯𝘦𝘨𝘰𝘵𝘪𝘢𝘵𝘪𝘰𝘯𝘴 The shockwaves from the Global Financial Crisis (GFC) are still apparent, at least in the sphere of regulation, with the US banking industry currently engaged in an unprecedented lobbying campaign against proposed new rules to Basel III – Basel IV or the so-called “Basel Endgame”. #Equities #FinanceNews #BaselIII

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With Eurex products available at Interactive Brokers, you can access and take a view on European #volatility. Trade European equity volatility with Eurex VSTOXX derivatives at Interactive Brokers. Learn more: http://spr.ly/vstoxxl

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With Eurex products available at Interactive Brokers, you can access and take a view on European #volatility. Trade European equity volatility with Eurex VSTOXX derivatives at Interactive Brokers. Learn more: http://spr.ly/vstoxxl

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🎉 We are delighted that Marcus Stahlhacke from Allianz Global Investors has been recognised by Citywire Germany as the best fund manager in the ‘Mixed Assets - Aggressive’ category. Congratulations, Marcus Stahlhacke, CFA, CAIA, FRM🏆 Citywire Germany recently honoured the best fund managers and asset management companies for the ninth time. You can find out more - including about the award classification scheme - on our German webpage: https://bit.ly/3xFp1KD For fund distributors and/or professional investors in Germany only. Investing involves risk. A ranking, a rating or an award provides no indicator of future performance and is not constant over time. #CitywireAwards #FundManagement #AssetManagement #Investing #AllianzGI #Mixed Funds #MultiAsset #Award

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Core equity ETFs’ popularity continued in June, as flows far outpaced other categories. Year to date, core equity ETFs have gathered $64 billion. Read more: https://vgi.vg/460Immq #VanguardInsights Capital at Risk.

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