News Centre

ICI Viewpoints - Fund Investors’ Expenses Are Falling On Both Sides Of The Pond: By Shelly Antoniewicz, James Duvall, and Giles Swan

Date 31/03/2021

Data on UCITS ongoing charges have become more widely available to investors in recent years. Enhancements to costs and charges disclosures that UCITS and distributors make available to investors have provided them with a wealth of beneficial information, which we believe can be further enhanced. Additionally, aggregate statistical summary information about UCITS ongoing charges is now more widely available. The European Securities and Markets Authority (ESMA) began releasing an annual publication on UCITS ongoing charges in 2019, and likewise, ICI began an annual review of UCITS fees in the same year. We’ve also seen heightened scrutiny of ongoing charges, and since we began publishing research on the ongoing charges of UCITS—following our decades of research on the expense ratios of US-registered mutual funds—we’ve frequently heard two misperceptions when UCITS ongoing charges are compared with US-registered mutual fund expense ratios.  

The Amman Stock Exchange Index Quarterly Review

Date 31/03/2021

Mr. Mazen Wathaifi the Chief Executive Officer of the Amman Stock Exchange (ASE) said that the ASE has conducted the periodic quarterly review of the ASE index constituents in purpose of ensuring that the ASE General Price Index reflects the market performance and the trading activity of the listed companies. By this rebalancing, the activity of listed companies in regard to trading during the last quarter has been reviewed. After that, the ASE has conducted its screening process for all listed companies based on the criteria used by the ASE represented by full market capitalization of the companies and the number of trading days during last quarter.

EU Financial Regulators Warn Of An Expected Deterioration Of Asset Quality

Date 31/03/2021

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) issued today their first joint risk assessment report of 2021. The report highlights how the COVID-19 pandemic continues to weigh heavily on short-term recovery prospects. It also highlights a number of vulnerabilities in the financial markets and warns of possible further market corrections.

UBS MTF Market Notice: Transfer Of UBS MTF Operator From UBS AG London Branch To UBS MTF Limited

Date 31/03/2021

Further to the UBS MTF recent notice N4 dated 11 March, UBS MTF is pleased to confirm the transfer of UBS MTF operation to UBS MTF Limited will occur 1 April as previously advised.

ESMA Updates EMIR Q&AS

Date 31/03/2021

ADLER Real Estate Aktiengesellschaft: BaFin Imposes Administrative Fine

Date 31/03/2021

On 25 March 2021, BaFin imposed an administrative fine amounting to 555,000 euros on ADLER Real Estate Aktiengesellschaft.

Fetch.ai Launches Mainnet v2.0 With Validators Including Outlier Ventures, Forbole, And InfStones - Fetch.ai’s Mainnet v2.0 Will Provide Key Component Upgrades To The Network As It Continues To Develop New Partnerships, Use-Cases, And Applications

Date 31/03/2021

Fetch.ai (https://fetch.ai/), a Cambridge-based artificial intelligence lab building an open-access decentralized machine learning network for smart infrastructure, announced today it has launched v2.0 of its Mainnet with 30 validators, including Outlier Ventures, Forbole, and InfStones.  

MVIS And CryptoCompare Licensed The MVIS CryptoCompare Ethereum VWAP Close Index to VanEck - Index To Underlie Securitised Ethereum ETN On Deutsche Börse

Date 31/03/2021

MV Index Solutions GmbH (MVIS®) in partnership with CryptoCompare, global leader in digital asset data, today announced the licensing of the MVIS CryptoCompare Ethereum VWAP Close Index (ticker: MVETHV) to VanEck for the use as underlying for their second cryptocurrency exchange-traded product with MVIS that allows investors to participate in the development of Ethereum on an exchange-traded basis.

IMF Executive Board Approves US$ 174.2 Million Emergency Assistance For South Sudan To Address The COVID-19 Pandemic

Date 31/03/2021

• The economy has been hit hard by the COVID-19 pandemic and economic activity is projected to contract by 4.2 percent in FY20/21. The pandemic-related oil price shock and devastating floods have led to an economic downturn.
• A Rapid Credit Facility (RCF) disbursement in the amount of US$174.2 million will provide financing for urgent balance of payments needs.
• The authorities have started addressing macroeconomic imbalances and governance vulnerabilities by taking measures to strengthen fiscal discipline, remove distortions in the foreign exchange market and improve transparency.

LuxSE Named Exchange Of The Year For Fifth Consecutive Year

Date 31/03/2021

Following the official announcement of the winners of Environmental Finance’s Bond Awards 2021 earlier today, the Luxembourg Stock Exchange (LuxSE) is proud to announce that it has been awarded the prize of Exchange of the Year for the fifth consecutive year.