Foreign exchange
Dow and EDF Trading to cooperate on LNG
Dow Chemical Company and EDF Trading have signed a four year agreement to share liquefied natural gas (LNG) regasification capacity, in order to secure LNG cargoes destined for the European and US markets.
Stoxx to launch dividend points calculation product
Stoxx will launch the Dow Jones euro stoxx 50 DVP (Dividend Points), its first official calculation product that provides pure dividend data of the DJ euro stoxx 50 index, on June 16.
Cultural change prescribed in response to subprime losses
As banks and other market players seek to close risk management loopholes exposed by tottering markets, some post-mortems are homing in on a broader issue: corporate culture.
Macquarie adds to infrastructure index series
Macquarie has launched its Emerging Markets Infrastructure and Development Index (Memidi), which tracks the rise in infrastructure spending due to demand from urbanites in emerging markets economies by reference to the performance of the 50 largest…
Coal’s Asian dawn
Asia-Pacific coal prices are at record highs, yet coal spot and forward markets in the region are a long way behind those of other energy markets. Anthony Collins of ASX looks at the evolution and potential of Asia-Pacific coal markets
OTS chief calls for federal mortgage regulation
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UK Treasury calls for more regulatory convergence
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ING offers Middle East exposure; launches reverse exchangeable note in Brazil
ING Bank has launched a Middle East Access Note which provides exposure to four funds focused on the Middle East. The bank has also launched a USD Worst Of Barrier Reverse Exchangeable Note linked to three Brazilian shares.
CEIOPS publishes advice on occupational pensions
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Daiwa Launches Singapore’s first sharia-compliant ETF
Daiwa Asset Management (Singapore) has launched Singapore’s debut sharia-compliant exchange-traded fund (ETF) on the Singapore Exchange (SGX) (see Structured Products magazine, August 2007). The Daiwa FTSE Sharia Japan 100 (Daiwa ETF) offers exposure to…
ABN Amro combines Bric, infrastructure and commodities in Australia
ABN Amro in Australia has launched the Altera Securities investment which provides exposure to Bric emerging economies, the food and energy sectors and global infrastructure.
S&P proffers Asia property
Index provider Standard & Poor’s has launched the S&P Asia Property 40 Index which offers exposure to listed companies in the Asian property and real estate markets. The index is designed to underlie investment instruments such as structured products and…
Deutsche Bank revises carbon price forecast – good news for CCS
Deutsche Bank has forecast a 2008 EU Emission Allowance (EUA) price of €40 per tonne, up from €35. The bank says a price of €40 will be high enough to incentivise future power plant and carbon capture and storage (CCS) build.
Bradford & Bingley sells 23% stake after suffering losses
UK mortgage lender Bradford & Bingley has agreed to sell a 23% stake of the company to US private equity firm TPG Capital following announcements of losses for the first four months of the year.
Academy Insight
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From passive to active investments in commodities
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Hedges clipped
Fund-linked derivatives
Falling short
130/30 funds
A tough year
Institutional Investor Rankings 2008
Oil and water do mix
Profile
Covering all angles
Covered bonds
Hedges are growing greener
Opportunities for hedge funds in traditional energy markets are not as common as a few years ago. As a result, some hedge funds are turning to green energy markets in search of price anomalies and arbitrage opportunities, William Rhode discovers…