Solactive has released two new fixed-income benchmarks designed to track the performance of the global US dollar- and euro-denominated high yield bond markets. The Solactive USD High Yield Corporate Index and the Solactive Euro HY Corporate Index may serve as reference standards to compare and evaluate portfolio results, a starting universe on which to build investment strategies or smart-beta indices, or as a basis for investment products such as ETFs.[continue reading...]
- Solactive unveils new USD and EUR high yield bond indices
- Virtus launches actively managed municipal bond ETF
- PowerShares launches Treasury Portfolio ETF suitable for collateral pledges
- European macro outlook: Political risk at the gates
- MSCI rebrands South East Asia Index offerings with “ASEAN” designation
- German ETFs in the spotlight
- Deutsche’s db X-tracker ETF business turns ten
- Three new ETFs and 30 ETPs listed on London Stock Exchange in December
- 2017 Japan Outlook: Poised to Perform
- Nikko releases global credit outlook for 2017
- Davis Advisors enters ETF space with three active equity fund launches
- IndexIQ releases top trends and insights for 2017
- UK large-cap ETFs benefit from record FTSE 100 winning streak
- European investors favour S&P 500 ETFs ahead of Trump Presidency
Virtus ETF Solutions, in partnership with Cumberland Advisors, has introduced the Virtus Cumberland Municipal Bond ETF (NYSE: CUMB), an actively managed ETF investing in a basket of municipal bonds. The fund will invest in local, state and federal bonds with an emphasis on shorter-term and longer-term bonds while maintaining the flexibility to to favour shorter maturities should interest rates rise.
Invesco PowerShares has launched a new US Treasuries ETF designed to act as a solution for institutional clients who need to post collateral including that needed to meet margin requirements. The PowerShares Treasury Collateral Portfolio (NYSE: CLTL) tracks the performance of fixed and floating rate US Treasury securities with a remaining maturity between one month and one year. Dan Draper, Global Head of PowerShares by Invesco, commented: “Money market reform will have an impact on US investors going forward, [this] ETF will help ease certain challenges on deck for our clients.”
By Viktor Nossek, Director of Research at WisdomTree.
Given the near term economic outlook is solidifying in the US, stabilising in the emerging markets and moderating in Europe, we believe that European equity markets should prove resilient to the looming European political uncertainty in 2017 that could redefine the European economic and financial landscape for decades. For now, the banks’ efforts to fast-track restructuring and recapitalisation ahead of potential political fallout in 2017 are driving increased European equities strength.
MSCI has renamed its South East Asia Index offerings, which will subsequently be known as the MSCI ASEAN Indices. In addition to renaming 234 standard indices, MSCI has added new offerings designed to represent a range of opportunity sets across the developed, emerging and frontier markets in the ASEAN region. Alvin Lee, ASEAN country head for MSCI’s Asia Pacific region, commented: “The rebranding of our Southeast Asia index offerings demonstrates MSCI’s commitment to the ASEAN region and to evolving with the development of its capital markets.”
UK large-cap equity ETFs have benefitted as the FTSE 100 Index achieved its longest winning streak on record, rising for 14 consecutive days until Friday 13 January and registering 12 record closing values in a row. The index is up 3.3% so far this year and a healthy 27.6% over the past 12 months, reaping the benefits of a weaker pound which serves to boost the competitiveness of British goods abroad. Investors may access FTSE 100 ETFs from providers such as iShares, Vanguard, UBS or HSBC, among others.
Source has unveiled the Source Bloomberg Commodity UCITS ETF (LON: CMOD), a new fund tracking the well-known Bloomberg Commodity Index, and the latest addition to the firm’s “portfolio essentials” range of ETFs. At a cost of 0.40% per annum, investors may receive diversified exposure to over 20 commodities across the agriculture, energy, industrial metals, precious metals and livestock sectors. The fund will compete with existing funds from ETF Securities and UBS which track the same index.
UBS Global Asset Management has cross-listed the UBS Barclays TIPS 10+ UCITS ETF (UIMB) on Deutsche Börse’s Xetra and Frankfurt exchanges. The fund tracks the Barclays Capital US Government 10+ Year Inflation-Linked Bond Index, providing exposure to US Treasury Inflation-Protected Securities (TIPS) with a minimum term of 10 years. Andrew Walsh, Head of UBS ETF Sales UK & Ireland, commented: “[With this] ETF our clients our able to protect long-term purchasing power and gain access to an asset class that compounds the real rate of return.”
Nuveen, an operating division of TIAA Global Asset Management, has launched the NuShares Short-Term REIT ETF (Bats: NURE), offering exposure to US-listed real estate investment trusts (REITs) whose operations typically involve shorter lease durations. Short-term REITS, including those managing apartment buildings, hotels, self-storage facilities, and manufactured home properties, have historically outperformed the broad US listed REIT universe in times of rising interest rates.
FactSet has launched the FactSet Global FinTech Index, tracking the performance of global companies providing disruptive technologies to the financial services space including those engaged in electronic payment processing, credit card technology, financial & compliance ERP software and point-of-sale terminal manufacturing. The index is designed to serve as the underlying for future ETFs which would compete with existing FinTech funds from Global X and PureFunds.