Meet our sponsors...
In January 2007 Deutsche bank launched 'db x-trackers', its new Exchange Traded Fund (ETF) platform.
The db x-trackers ETFs are listed on multiple stock exchanges across Europe – Euronext Paris, Borsa Italiana, Frankfurt Xetra, London Stock Exchange and SWX Swiss Exchange and supported by a number of market makers providing liquidity in the ETFs.
Currently db x-trackers has 81 ETFs outstanding on Equity, Fixed Income, Credit, Money Market and Commodity indices. The db x-trackers ETF range includes many innovations including the first ETFs tracking short indices, CDS indices, money markets and global high dividend yield strategy. Further db x-trackers ETFs will be launched during 2008 providing exposure to new markets and asset classes.
During 2007, db x-trackers ETFs saw the highest inflow in assets among all ETFs providers in Europe. The db x-trackers ETFs on the MSCI Emerging Markets Index, the EONIA Money Market Rate Index and the DJ Euro STOXX 50 had the highest inflow of new assets in Europe during 2007. The db x-trackers fixed income ETFs were responsible for over 50% of all new inflows for the asset class in Europe.
The db x-trackers ETFs are sub-funds of the db x-trackers SICAV, an umbrella fund investment company domiciled in Luxembourg. The db x-trackers SICAV and its sub-funds comply with the relevant European fund regulations relating to undertakings for collective investment in transferable securities (UCITS III). More information on db x-trackers can be found on
www.dbxtrackers.com
Coast Investment and Development Company is one of the leading financial institutions in Kuwait and the region. Coast was established in 1975 and listed on the Kuwait Stock Exchange in 1989. Its current paid-up capital is 180 million USD and assets under management (AUM) is approximately 2.40 billion USD. Coast is engaged in a variety of investment management activities such as private equity, asset management and real estate investments both locally and internationally. Coast is also an active player in the local, GCC and international markets offering a wide array of investment services including portfolio and fund management, advisory services, corporate finance and investment banking services.
Coast has adopted a seamless, strategic and analytical approaches towards enhancing returns while controlling risk for its shareholders, clients and strategic partners. Further, the company has taken an unrivalled approach towards setting the highest standards for investment management in the region. It is, therefore, the intention of Coast to continue to strive for excellence and lead in serving local and global investors. For further information visit
www.coast.com.kw
The EasyETF range is a unique offer, benefiting from the combined expertise of AXA Investment Managers and BNP Paribas in fund management, market-making, as well as distribution. It aims at giving investors access to an ever growing variety of asset classes (equity, bonds, real estate commodities, credit, Shariah equities etc.) and diverse economic sectors (Bank, Health, Media…) in order to allow them to fine-tune performing asset allocation strategies.
The EasyETF product range now includes 29* trackers, of which 24 are listed on Euronext Paris, 8 on the Deutsche Börse, 2 on the Swiss Stock Exchange (SWX) and 7 on Borsa Italiana for a total of € 4.6 billion in assets under management. The first sectorial range in the Eurozone, it currently includes:
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5 equity trackers linked to the largest Global and European indices,
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1 tracker on the socially responsible ASPI Eurozone index;
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1 tracker on the Shariah compliant index Dow Jones Islamic Market Titans 100
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10 sectorial trackers;
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2 trackers on listed real estate both on the Eurozone and Europe;
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3 iBoxx sovereign bond trackers on the Eurozone.
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4 commodity trackers
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2 trackers on credit derivatives on iTraxx® indices.
All information regarding EasyETF range and trackers investment strategies are available on
www.easyetf.com. (*) All data as at 31 December 2007
FTSE Group (FTSE) is a world-leader in the creation and management of indices. FTSE calculates and manages the FTSE Global Equity Index series, which includes world-recognised indices ranging from the FTSE All-World Index to the FTSE4Good Index Series, as well as domestic indices such as the prestigious FTSE 100 Index. FTSE also calculates a range of fixed income, alternative asset class, responsible investment and investment strategy indices.
The company has collaborative arrangements with the ATHEX, Cyprus, NYSE Euronext, Johannesburg, London, Madrid, Malaysia, NASDAQ, Singapore and Taiwan exchanges, as well as organisations such as APCIMS, EIRIS, EPRA, NAREIT, Nomura Securities, and Xinhua Finance of China.
FTSE indices are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds, ETF, structured products and derivatives. Independent committees of senior fund managers, derivatives experts, actuaries and other experienced practitioners review and approve all changes to the indices to ensure that they are managed objectively and without bias. For more information, visit
www.ftse.com
Invesco PowerShares Capital Management LLC is the manager of the Invesco PowerShares family of exchange-traded funds. Invesco PowerShares is leading the Intelligent ETF Revolution, providing Professional Clients with institutional-calibre investment management by seeking the replication of enhanced indices in one of the more benefit-rich investment vehicles available in the marketplace today, the exchange-traded fund. The Invesco PowerShares family of ETFs currently includes funds representing Intelligent Index, Intelligent Access and Intelligent Exposure.
Invesco PowerShares Capital Management LLC is a wholly owned subsidiary of Invesco Ltd, one of the world’s largest independent investment management organisations dedicated to helping people worldwide build their financial security. Operating principally through the Atlantic Trust, Invesco, Invesco AIM, Invesco Trimark, Invesco Perpetual, Invesco PowerShares and Invesco WL Ross brands, Invesco Ltd strives to deliver outstanding performance and service across a comprehensive range of investment products for individuals and institutions around the world. For further information visit
www.invesco.com
Crédit Agricole Structured Asset Management (CASAM) is the specialised subsidiary representing Crédit Agricole Group’s expertise in structured asset management and is organised into three main business lines; exchange-traded funds, structured investment products and alternative managed accounts platform.
CASAM is committed to providing innovative structured solutions using the full range of underlying instruments including alternative investments through the CASAM Group managed account platform.
CASAM manages a total of €50.4 billion in assets (30th September 2007). For further information visit
http://www.casametf.com/home_etf
With more than 2,000 different indices Deutsche Börse is one of the world’s leading index providers. These indices, ranging from equity, bond, volatility, and strategy indices to customized indices and iNAV® data, are disseminated by the major information vendors worldwide and in real time. They are available to all investors throughout the trading day. Selection and benchmark indices such as DAX®, Classic All Share®, and eb.rexx® form the nucleus of Deutsche Börse’s index offer for the German equity and bond markets.
Additionally, DAXplus®, the strategy index family, allows for a passive exposure to various established investment strategies. With its latest index family, DAXglobal®, Deutsche Börse sets out to open the investor’s horizon to international markets, with a focus on emerging regions.
These index products are also popular underlyings - for derivatives, exchange-traded funds (ETFs), and structured products - with DAX® and DivDAX® being the most prominent ones.
Indices for emerging markets or global segments (e.g. DAXglobal® China Composite and DAXglobal® Agribusiness) or the sustainability index Sarasin Sustainability from the DAXglobal® family of indices are also in the public interest as are the DAXplus® Minimum Variance and the DAXplus® Maximum Sharpe Ratio, both based on modern portfolio strategies.
All Deutsche Börse’s indices are based on a set of straightforward and transparent index rules, focusing on tradable and liquid issues. That makes them very attractive as underlying instruments for numerous financial products such as futures, options, certificates, and ETFs for issuers around the world. For further information visit
http://deutsche-boerse.com/dbag/dispatch/en/kir/gdb_navigation/market_data_analytics/20_indices
UniCredit Group as "The First Truly European Bank" is the third largest European banking group in terms of market capitalisation. We are ranked # 1 in Austria, # 1 in Emerging Europe, # 2 in Italy as well as # 3 in Germany. Our 170,000 colleagues serve more than 40 mn customers in 50 countries worldwide. Within UniCredit Group the Markets & Investment Banking Division is the competence centre for all financial markets and investment banking activities across the major legal entities. The combination of the investment banking businesses of Bayerische Hypo- und Vereinsbank AG (HVB), Bank Austria Creditanstalt AG (BA-CA) and Capitalia S.A. results in a highly complementary international investment banking platform.
The division has 39 offices in 38 countries on all continents and is represented in all main global financial centres (incl. London, Milan, New York, Singapore, Hong Kong, and Tokyo). Its core products are Structured Derivatives, Fixed Income, Currencies & Commodities, M&A in core markets, Acquisition & Leveraged Finance, Project & Commodity Finance, Equities, Principal Investments, and Research. Approximately 4,150 employees support Corporates, Institutionals, Financial Sponsors as well as Public Sector clients.
The Russell Indexes are a comprehensive family of U.S. and global equity indexes which allow investors to seamlessly track performance of distinct market segments worldwide. Created in 1984, the Russell Indexes are the most widely used benchmarks by U.S. institutional investors. Today over $4.4 trillion in assets are benchmarked to them. We apply the transparent and objective index methodology we invented originally for the U.S. indexes to the world's equity markets in order to create the Russell global index family. Our pioneering approach to global definitions of cap-size and our fully modular index design for no gaps or overlaps in coverage lead to indexes that are more reflective of the market and therefore make more accurate benchmarks and investment vehicles. Whatever index you require, chances are there is a Russell Index that meets your needs.
Russell Index futures are now trading on ICE and are available there exclusively from September 2008.
For more about the Russell Indexes, see
www.russell.com or visit our booth.
Susquehanna International Securities Ltd (SIS) is a leading market maker specialising in liquidity provision in exchange traded funds and single stock futures. In addition to market making in ETFs on all of the major European exchanges, SIS, through its dedicated sales desk, makes markets to a range of counterparties “over the counter."
SIS is an affiliate of the Susquehanna International Group (SIG) of companies. With more than 1,400 employees worldwide, SIG sits at the helm of the latest trends and developments in trading and market making, investment banking, private equity, venture capital, institutional sales, and research. For further information visit
www.sig.com
STOXX Ltd. is a joint venture of Deutsche Börse AG, Dow Jones & Company and SWX Swiss Exchange. Launched in 1998, in advance of the European Monetary Union, the introduction of the euro and the creation of the Eurozone, the Dow Jones STOXX Indices became Europe’s leading equity indices in a fast and impressive success story. By consistently responding to market requirements, STOXX Ltd. further expanded its strategy beyond Europe. Together with Dow Jones Indexes, STOXX Ltd. operates as a globally integrated index provider, covering the world markets – developing, maintaining, distributing and marketing a comprehensive global family of strictly rules-based and transparent indices. These are licensed to more than 800* companies around the world as the basis for investment products. For more information visit
www.stoxx.com or
www.djindexes.com
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services.
NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $139 billion/€103 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets. For further information visit
www.euronext.com
Saen is a leading independent proprietary trading company based and founded in Amsterdam, in the Netherlands, in 1990. At that time the trading was open outrcy and floor based and Saen was originally a derivatives trading company.
We are today a major liquidity provider on several European derivatives and cash exchanges.
The optimal combination between its screen based trading, its trading software, development, IT and research makes us unique and this enables us to easily add new markets to our trading environment. One of these new markets is the ETF market. The drive to combine its outstanding knowledge of the equity and options field and its entrepreneurial approach to new markets makes us successful in our business.
Within our work environment, computerized trading is a crucial component. As markets open up and become more easily accessible, modelling techniques become more crucial. As trading becomes more global, risk becomes more complex to monitor and the need for a globally integrated risk system becomes obvious. We are constantly developing new techniques and undertaking new research to handle risks and create opportunities for trading in different markets. What we produce drives business further, making Information Technology and its people an integral part of our firm's business strategy.
Over the years, Saen's expertise in proprietary trading has increased, and we have become specialists in managing and monitoring risks. Since we were founded, we have grown to an organization of more than 100 people. Nowadays we also have Energy, Commodities, Arbitrage and Algorithmic trading. We are expanding our business into different markets and diversifying our traded products.
For further information visit
www.saen.nl
Tokyo Stock Exchange, Inc. (TSE) is one of the leading global exchanges and the largest securities market in the Asia-Pacific region. The TSE is best known for its massive equities market, and it also boasts the largest market for Japanese securities derivatives. A highly diversified range of products such as TOPIX futures and options give investors the tools they need to hedge their portfolios. Furthermore, the TSE is the primary market for Japanese ETFs and REITs and the exchange actively promotes the creation and listing of new products.
TOPIX (Tokyo Stock Price Index), the principal index consisting of all Japanese common stocks listed on the TSE First Section, is widely used as a benchmark for the Japanese stock market. TOPIX and other indices including TOPIX Core 30, TOPIX 100 and the Tokyo Stock Exchange REIT Index are also used as underlying indices for the creation of index linked products, and the TSE issues licenses for such use of indices globally. For more information, please reference
http://www.tse.or.jp/english/index.html
Since 1996 Wiener Börse provides a range of tradable indices which track the performance of stocks from Austria, Hungary, Czech Republic, Poland, Romania, Bulgaria, Serbia, Croatia, Russia, Kazakhstan, the Ukraine and China. Some regional indices sponsored by Wiener Börse cover also the area of Central, Eastern and South-Eastern Europe. These indices are used by almost all international issuers as underlying for their structured products and also for ETFs. More information available on
www.indices.cc
Wiener Börse operates the only securities exchange in Austria, running a state-of-the-art trading infrastructure for the cash market, derivative market and structured products. More information available on
www.wienerborse.at and
www.derivativesmarket.at
Terrapinn interviewed one of their key speakers, Philippe Aurain, Head of Manager Selection and Fund Monitoring at the Reserve fund of France on his current view of ETFs, how the investment vehicles have responded to the credit crisis, which ETF's FFR are looking to invest into in the future.
