Europe

US exchange-traded products (ETPs) lost US$72.5 billion of assets under management (AUM) after the S&P 500 had its largest drop since November 2008, says Deutsche Bank ETF Market Weekly Review.

Pershing, a BNY Mellon company, is opening a Jersey-based subsidiary company in response to client demand for access to both onshore and offshore investment opportunities.

Skandia International has announced net sales of £0.3 billion for the first six months of 2011.

Assets in ‘safe-haven' exchange-traded products (ETPs) rose last week as investors adjusted positions in response to falling stock markets.

Current extreme market volatility should be seen as an opportunity rather than an excuse to become more defensive, according to Anthony Bolton.

The European Central Bank said last night it would "actively implement" its controversial bond-buying programme to fight the euro zone's debt crisis, signalling it will buy Spanish and Italian government bonds.

Last month ETF trading on Euronext reached 17% of all equity trades, its highest ever level and there is still room for growth.

LaBranche is growing its on-exchange market making business as mergers between European exchanges push the market towards a unified exchange.

Financial secretary to the Treasury, Mark Hoban MP, has announced that two deregulatory amendments to the EU Prospectus Directive have been brought into effect a year early by the UK to help small businesses access equity finance more cheaply and effectively....

Inflation in the eurozone dropped 0.2% to 2.5% in July, surprising analysts which forecast the figure to remain unchanged.