Europe

EUROPE - Deutsche Bank has announced it planned to launch over 40 new ETFs in the coming months, in the hope of conquering the European ETF market.

UK - British Airways received a £396m credit due to changes in the New Airways Pension Scheme according to its annual report, released today.

UK - JPMorgan Asset Management (JPMAM) has proposed that traditional defined contribution schemes default options should be overhauled to include total return strategies.

UK - Telecom giant BT's year end preliminary results show its defined benefit pension scheme has a £1bn surplus, calculated under the new IFRS accounting standards.

UK - Specialist global listed property firm, Cohen & Steers, has opened its second European office, in London.

DENMARK - The largest Danish pension fund, ATP, has dumped Nordea in favour of the Bank of New York as global custodian for assets totalling DKK414bn (US$73bn).

EUROPE - Crédit Agricole Asset Management (CAAM) underperformed its previous quarter's result by €2bn but still grew its assets under management 9.6€ to €544.4bn (US$739bn).

GREECE - Flights were grounded and hospitals run on skeleton staff yesterday as Greek workers took strike action in the latest twist in the bond overpricing scandal.

UK - A group of hedge fund bands are set to rock Café de Paris in London in aid of disability charity ALTSO.

UK - Watson Wyatt have told pension funds that as long term investors they could benefit most from an environmental, social and governance (ESG) approach to investing.