Global exchange-traded fund (ETF) and exchange-traded product (ETP) assets hit yet another record high at the end of November, as the combination of $17.0 billion in net inflows and positive market performance pushed assets to $2.4 trillion, according to preliminary data from ETFGI, a London-based consultancy.
Equity ETFs/ETPs gathered the largest net inflows with $18.2 billion, followed by fixed income ETFs/ETPs with $1.1 billion, while commodity ETFs/ETPs experienced the largest net outflows with $1.7 billion.[continue reading...]
- Global ETF and ETP assets continue to surge
- FinEx adopts Curex FX benchmarks for currency-hedged ETFs
- SSgA SPDR launches “beyond BRIC” ETF on NYSE
- WisdomTree’s small-cap dividend ETF surpasses $1 billion in assets
- FTSE introduces FTSE UK Digital Services Index
- Industry experts welcome abolition of stamp duty on UK ETFs
- Russell launches highly tradable UK mid-cap index
- China and US demand to drive commodity prices higher in 2014, says ETF Securities
- MTS to launch RFQ trading for ETFs
- Cambria launches foreign shareholder yield ETF (FYLD)
- MSCI unveils new multi-factor indices
- FinEx introduces dollar share class in Russian corporate bond ETF
FinEx ETF, a London-headquartered provider of exchange-traded funds (ETFs) with a strong presence in Russia, has signed an agreement with Curex Group, a provider of foreign exchange management capabilities, to embed patented Curex FX systems and FX execution audit technologies into its line-up of currency-hedged share class ETFs.
State Street Global Advisors (SSgA), sponsor of the SPDR line-up of exchange-traded funds, has announced that the SPDR MSCI Beyond BRIC ETF (EMBB) has begun trading on the NYSE Arca. The ETF tracks the MSCI Beyond BRIC Index, offering investors an opportunity to access emerging market economies that have not received as much attention as the BRICs (Brazil, Russia, India and China), which represent more than 40 percent of the MSCI Emerging Markets Index.
The WisdomTree SmallCap Dividend ETF (DES) has surpassed $1 billion in assets. Listed on the NYSE Arca, the fund tracks the WisdomTree SmallCap Dividend Index, a fundamentally weighted index that measures the performance of the small-capitalization segment of the US dividend-paying market. Luciano Siracusano, WisdomTree Chief Investment Strategist, said: “By weighting the US small-cap market by the dividends companies pay, WisdomTree has been able to create a potential source of income for investors looking for alternatives in today’s low-interest rate environment.”
FTSE, the third largest provider of equity indices to exchange-traded funds (ETFs), has announced the launch of the FTSE UK Digital Services Index Series, which will act as a reference and benchmark of UK companies operating in the digital sector. A company is eligible for the index series if it derives more than 50% of its revenues from either digital or online services, or if it is considered to be engaged in providing services that are integral and critical for the functioning of digital services.
UBS Global Asset Management has listed eight new sterling-hedged ETFs on the London Stock Exchange. Aimed at sterling-based investors, the ETFs contain in-built currency hedges enabling investors to mitigate the risk of exchange rate fluctuations. Andrew Walsh, Head of UBS ETF Sales UK, explained: “These currency-hedged UBS ETFs are ideal building blocks for investors looking to minimize their currency risks. In this way, we are responding to a growing need of investors who would like to better hedge their portfolios against exchange rate fluctuations.”
Commodities look set to underperform developed market equities for the third consecutive year in 2013. However, ETF Securities, a leading provider of exchange-traded commodities, argues that 2014 will be a turnaround year for this laggard asset class. Nicholas Brooks, Head of Research and Investment Strategy at ETF Securities, says: “Healthy demand growth in the US and China, disappointments to current highly optimistic supply forecasts for a number of key commodities, and continued ample global liquidity should support commodity prices in 2014”.
FinEx ETF, a division of international investment manager FinEx Group and a leading provider of exchange-traded funds to the Russian market, has introduced a US dollar share class for its Russian corporate Eurobond ETF. Listed on the Moscow Exchange, the FinEx Tradable Russian Corporate Bonds UCITS ETF (FXRU) tracks the Barclays EM Tradable Russian Corporate Bond Index, providing dollar-based investors with access to shorter maturity liquid bonds issued by Russian non-sovereign issuers.
Boost, a London-headquartered provider of short and leveraged exchange-traded products (ETPs), has listed two more products on Borsa Italiana, Italy’s main stock exchange. The new products, which provide triple leveraged long and short exposure to the price of silver, are linked to the performance of the Nasdaq Silver Index. They are the Boost Silver 3x Short Daily ETP (3SIS) and the Boost Silver 3x Leverage Daily ETP (3SIL), and follow on from the provider’s successful listing of eight ETPs four weeks ago.
The Chancellor has announced that the UK government will abolish the stamp duty on purchases of shares in exchange-traded funds (ETFs) that would currently apply if an ETF were domiciled in the UK. Monica Gogna, a partner at Pinsent Masons, said: “It is heartening to hear the Chancellor’s move to support the financial services sector demonstrated by the move to abolish stamp duty for ETFs. This is surely another sign that the ETF industry in Europe is set to grow and compete with the much larger ETF sector in the USA.”