Topics: EFAMA| European Securities and Markets Authority (ESMA)| MIFID| UCITS | Assets under management (AUM)| Bank for International Settlements (BIS)| Exchange-traded commodity (ETC)| Exchange-traded note (ETN)| ETP| Exchange-traded product (ETP)| Financial Stability Board (FSB)| QE| Over the counter
A glossary of terms used in ETFM
Assets under management (AUM) – the market value of the assets a company looks after on behalf of investors.
Bank for International Settlements (BIS) – an organisation which serves central banks in pursuing monetary and financial stability.
European fund and asset management association (Efama) – an organisation which represents the investment industry.
European Securities and markets authority (Esma) – an independent EU authority designed to help safeguard the stability of the EU financial system.
Exchange-traded commodity (ETC) – Exchange-traded commodities are an ETN that tracks either individual commodities or broader based commodity indices.
Exchange-traded notes (ETN) – ETNs are senior, unsubordinated debt instruments issued by a single bank and listed on the exchange.
Exchange-traded products (ETP) – includes ETFs, ETCs and ETNs.
Financial Stability Board (FSB) – an international body established to regulate and supervise the financial markets.
Markets in Financial Instruments Directive (MiFID) – a directive which was affected under EU law in 2007; it covers almost all tradable financial instruments.
Over-the-counter (OTC) - trades which are conducted off-exchange.
Quantitative easing (QE) – the process by which a central bank buys assets from other banks in order to inject money into the economy.
Undertakings for collective investments in transferable securities (Ucits) – an EU directive originally enacted in 1985. The fourth version of Ucits was implemented in July this year.
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This year we celebrate the fifth annual PPR Structured Product Awards. The 13 awards are divided into two, covering the products delivered to market over the past year and the support services that are also essential to the market. All the awards are designed to highlight not just the winners but the strengths and capabilities of the range of providers in this highly innovative market.
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