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Kiwi strength to fade on further easing

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9 år sedan

den

22 juni, 2016

Redaktionen

Market Insight – Foreign Exchange – Kiwi strength to fade on further easing

Optimistic Wheeler supports NZD

Last week Reserve Bank of New Zealand (RBNZ) governor, Graeme Wheeler, struck a surprisingly optimistic tone at the bank’s monetary policy meeting, holding off on any further rate cuts and painting a far better picture of the global economy and the domestic inflationary outlook than three months ago. The improved tone of the meeting and decision to maintain the status quo boosted the NZD on the day and contributed to a wider 3.8% rally experienced since the start of June (on a trade weighted basis). Recent NZD strength can be attributed to the relatively high interest rate that New Zealand offers when compared with developed market counterparts, as foreign central banks maintain ultra-loose monetary policy measures in the face of subdued inflationary pressures. Currency strength has potential to neutralise the impact of low interest rates on improvements in domestic inflation which could force the RBNZ to pursue a more aggressive easing path than currently assumed.

Risks to RBNZ projections

In its second monetary policy statement of the year, the RBNZ presented a risk scenario in which a stronger NZD weighs on inflation by making imports cheaper and consumers more prone to switching away from domestically produced goods and services to imports. In such an event, the RBNZ assumes that more aggressive cuts to interest rates will be needed to ensure inflation settles around the 2% level in the medium term. This risk may already be in play, with the current trade weighted level of the NZD 3.9% higher than assumed the RBNZ’s scenario analysis (see Figure 1). Should recent NZD strength be reflected in weak Q2 inflation data scheduled for release on the 17th July, then the NZD may come under pressure against the US Dollar, where core inflationary pressures and rate prospects are improving.

NZD/USD to face resistance

The NZD/USD exchange rate is trading at the highest levels for the past twelve months, but has struggled to sustain an increase beyond the 0.71 level that it reached on the day of the RBNZ meeting (9th June). Going forward, should the NZD/USD test this level again there is potential for it to run into some resistance.

*All figures quoted are sourced from Bloomberg unless stated otherwise.

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33GI ETF köper bara eurodenominerade företagsobligationer som förfaller 2033

Publicerad

16 timmar sedan

den

20 oktober, 2025

Redaktionen

iShares iBonds Dec 2033 Term EUR Corporate UCITS ETF EUR (Dist) (33GI ETF) med ISIN IE000E0NL9T3, strävar efter att spåra Bloomberg MSCI December 2033 Maturity EUR Corporate ESG Screened index. Bloomberg MSCI December 2033 Maturity EUR Corporate ESG Screened-index följer företagsobligationer denominerade i EUR.

Indexet speglar inte ett konstant löptidsintervall (som är fallet med de flesta andra obligationsindex). Istället ingår endast obligationer som förfaller under det angivna året (här: 2033) i indexet. Indexet består av ESG (environmental, social and governance) screenade företagsobligationer. Betyg: Investment Grade. Löptid: december 2033 (Denna ETF kommer att stängas efteråt).

Den börshandlade fondens TER (total cost ratio) uppgår till 0,12 % p.a. iShares iBonds Dec 2033 Term EUR Corporate UCITS ETF EUR (Dist) är den billigaste och största ETF som följer Bloomberg MSCI December 2033 Maturity EUR Corporate ESG Screened index. ETFen replikerar resultatet för det underliggande indexet genom samplingsteknik (köper ett urval av de mest relevanta indexbeståndsdelarna). Ränteintäkterna (kupongerna) i ETFen delas ut till investerarna (Årligen).

Denna ETF lanserades den 5 november 2024 och har sin hemvist i Irland.

Investeringsmål

Fondens mål är att uppnå avkastning på din investering genom en kombination av kapitaltillväxt och inkomst på fondens tillgångar, vilket återspeglar avkastningen från Bloomberg MSCI December 2033 Maturity EUR Corporate ESG Screened Index, fondens jämförelseindex

Handla 33GI ETF

iShares iBonds Dec 2033 Term EUR Corporate UCITS ETF EUR (Dist) (33GI ETF) är en europeisk börshandlad fond. Denna fond handlas på till exempel Deutsche Boerse Xetra.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel DEGIRO, Nordnet, Aktieinvest och Avanza.

Börsnoteringar

Börs	Valuta	Kortnamn
XETRA	EUR	33GI

Största innehav

Emittent	Vikt %
BANQUE FEDERATIVE DU CREDIT MUTUEL SA	3.10
ORANGE SA	2.49
UBS GROUP AG	2.48
CREDIT AGRICOLE SA	2.18
TELEFONICA EUROPE BV	2.05
BAYER AG	1.98
MIZUHO FINANCIAL GROUP INC	1.97
BPCE SA	1.80
BNP PARIBAS SA	1.77
BOOKING HOLDINGS INC	1.77

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den

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Redaktionen

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Xtrackers S&P 500 Market Leaders UCITS ETF investerar i 50 stora amerikanska företag med högt börsvärde som anses vara marknadsledare. Företagen väljs ut baserat på deras marknadsledarpoäng, som består av hållbar marginal för fritt kassaflöde, avkastning på investerat kapital och marknadsandel.

Namn	ISIN Kortnamn	Avgift	Utdelnings- policy
Xtrackers S&P 500 Defensive Shareholder Yield UCITS ETF	IE000SRQBBT6 XUDY (USD)	0,25%	Ackumulerande
Xtrackers S&P 500 GARP UCITS ETF	IE0001TLQX55 XUGA (USD)	0,25%	Ackumulerande
Xtrackers S&P 500 Market Leaders UCITS ETF	IE000DVHJV46 XUML (USD)	0,25%	Ackumulerande

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The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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