UBS Global Asset Management has announced the listing of four exchange-traded funds on the London Stock Exchange. The new ETFs track the Dow Jones Global Select Dividend, MSCI Emerging Markets SRI and MSCI USA (with listings in both USD and GBp) indices. The UBS DJ Global Select Dividend UCITS ETF (UC75) offers exposure to the top dividend paying companies globally; the UBS MSCI Emerging Markets Socially Responsible UCITS ETF (UC79) provides exposure to large and mid-cap emerging market companies with strong sustainability profiles; while the UBS MSCI USA UCITS ETFs provide exposure to large and mid-cap US equities.[continue reading...]
- UBS adds four ETF listings on LSE
- Source lists debut US ETF
- BATS Chi-X Europe announces new ETF transparency initiative
- Source enters US ETF market
- SSgA rolls out actively managed “risk aware” ETF
- First Asset launches actively managed Canadian REIT and dividend ETFs
- Lyxor unveils “brave value investor” smart beta ETF
- iShares expands single country offering with launch of MSCI France ETF
- Lyxor launches physical RQFII China A-Shares ETF
- Global ETP flows finish summer strongly; on track for record year
- Geopolitical risks shaken out; global AUM in short and leveraged ETPs steadies at $60bn
- Source expands ETF presence on Deutsche Börse
Source, the European ETF provider which recently confirmed its entry into the US market, has announced the launch of its debut US ETF, the Source Euro Stoxx 50 ETF (ESTX). The ETF, which has been listed on the NYSE Arca, offers highly liquid exposure to the European equity market via the Euro Stoxx 50 Index of large-cap Eurozone stocks. Peter Thompson, Source President, said: “Entering the US is the next step in the growth of our global business. We see a tremendous opportunity to deliver market-driven, value-added products to American investors, and are excited about the opportunity ahead to serve the US market.”
BATS Chi-X Europe, a European stock exchange, has announced a new trade reporting initiative designed to bring greater transparency to the European market for exchange-traded funds. Mark Hemsley, CEO of BATS Chi-X Europe, said: “Since our approval as a Registered Investment Exchange, we’ve worked to improve market structure for the benefit of ETF trading and investing in Europe. By pairing these efforts with BXTR [trade reporting service], we will allow the industry a clear view of true ETF liquidity for the first time.”
Source, one of Europe’s leading and most innovative exchange-traded fund providers, has crossed the Atlantic and entered the much-larger US ETF market. The firm’s US launch is spearheaded by a management team of ETF veterans led by co-founders Ted Hood, CEO and Peter Thompson, President. They are joined by Executive Chairman Lee Kranefuss, an ETF pioneer and the architect of iShares, and Senior Advisor Richard Goldman, formerly CEO of Rydex and COO of Guggenheim Investments.
State Street Global Advisors (SSgA) has unveiled its sixth actively managed ETF: the SPDR SSgA Risk Aware ETF (RORO). The new ETF, which has been listed on the NYSE Arca, is designed to help investors manage risk-on and risk-off market cycles and is based on a proprietary quantitative market risk measurement model intended to identify, quantify and benefit from risk factors moving the markets at any given time. Scott Ebner, Senior Managing Director and Global Head of Product Development and Research at SSgA, said: “The SPDR SSgA Risk Aware ETF is targeted at providing investors an innovative solution for capitalizing on risk-on and risk-off fluctuations in the US equity market.”
Lyxor Asset Management, Europe’s third largest provider of exchange-traded funds, has unveiled an ETF designed for the “brave value investor”. Listed in both London and Paris, the Lyxor UCITS ETF SG Global Value Beta (SGVB) is linked to the SG Value Smart Beta Index, an index developed by quants Andrew Lapthorne (pictured) and Georgios Oikonomou which invests in the 200 cheapest stocks on a sector relative basis in global developed markets. The fund, which has an expense ratio of just 0.40%, should appeal to investors seeking to gain from a share price recovery in companies currently heavily discounted by the market.
The Merk Gold Trust (OUNZ), a deliverable gold exchange-traded fund, has successfully completed its first gold delivery. The ETF, which launched on the NYSE Arca in May, possesses an innovative feature which gives investors the option to take delivery of physical gold vaulted in London in exchange for their shares. On Wednesday, July 16, 2014, such a request was made. An investor submitted 5,406 shares of OUNZ to Merk requesting 54 American Buffalo gold coins to be delivered; the gold was successfully delivered on Tuesday, July 22, 2014.
Boost, a leading European provider of short and leveraged exchange-traded products and a division of US ETF sponsor WisdomTree, has added a further inverse fixed income ETP to its growing armoury of products, this time with the launch of a product linked to US government bonds. Listed on the London Stock Exchange, the newly launched Boost US Treasuries 10Y 3x Short Daily ETP (3TYS) provides triple inverse exposure to the BNP Paribas US Treasury Note 10Y Future Index, an index reflecting the performance of intermediate-term US Treasuries.
First Asset, a Toronto-based investment manager, has announced the launch of two new active exchange-traded funds: the First Asset Active Canadian REIT ETF (FRF) and the First Asset Active Canadian Dividend ETF (FDV). The ETFs, which have been listed on the Toronto Stock Exchange, provide actively managed exposure to real estate equities and dividend-paying stocks, respectively, listed in Canada.
Global exchange-traded product flows of $23.3bn in August ensured a strong finish to the summer for industry growth. The steady asset gathering has contrasted sharply with the volatility last summer due to the focus on when the Fed would begin to taper. As a result, year-to-date flows of $179.1bn have surged ahead of 2013 and are on track for a new record. Ursula Marchioni, Head of ETP Research EMEA at iShares, commented: “This August was the best August for ETP growth, and the industry is on track to break all previous asset gathering records in 2014.”