Source, one of Europe’s leading providers of exchange-traded funds, and Ashmore, the specialist emerging markets investment manager, have partnered to launch a pair of ETFs that offer actively managed exposure to emerging market bonds. Michael John Lytle, Chief Development Officer at Source, commented: “Ashmore is one of the very few managers solely dedicated to emerging markets and with a very long and successful track record. Investors will now be able to access their expertise in active management while benefiting from the intra-day trading, liquidity and increased transparency of Source’s ETF structure.”[continue reading...]
- Source, Ashmore partner to launch actively managed EM bond ETFs
- iShares launches factor ETF series
- Amundi targets $100bn in ETF and indexed AUM
- Vanguard expands ETF range on LSE
- 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
iShares, the exchange-traded fund platform of BlackRock, has unveiled a series of “factor” ETFs designed for investors seeking to express more distinct views on specific drivers of risk and return. The funds, which have been listed on the London Stock Exchange and Deutsche Börse, further expand BlackRock’s “smart beta” offering, targeting sources of return which cannot be isolated through traditional market capitalisation weighted indices. Each fund provides access to global equity markets and seeks to offer targeted exposure to a specific factor that has historically provided enhanced risk adjusted returns: value, size, quality and momentum.
Amundi has affirmed its ambition to double assets under management in its exchange-traded fund and indexing business in the next three years. The Paris-headquartered asset manager is targeting its passive expertise as one of the core axes of its development strategy, with the aim of reaching $100 billion in ETF and indexed AUM by 2017. Valérie Baudson, Global Head of ETF & Indexing at Amundi, said: “Our ETF and indexing business has demonstrated dynamic growth, having attracted net flows of some $6 billion since the beginning of the year. We are now in the process of speeding up this progress”.
Vanguard, one of the world’s largest providers of exchange-traded funds, has launched four new ETFs on the London Stock Exchange. The new ETFs provide diversified exposure to UK, developed Europe ex-UK, developed world and North American equity markets and take the total number of Vanguard ETFs on the LSE to 13. Since unveiling its range in May 2012, the provider now has more than $10 billion in European ETF assets under management. Ken Volpert, head of investments for Vanguard in Europe, said: “ETFs are coming of age in Europe as both retail and institutional investors value their low costs, liquidity and transparency.”
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.
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.”
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.
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.”