HuaAn unveils China’s first DAX ETF

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HuaAn unveils China’s first DAX ETF

HuaAn Asset Management has introduced the HuaAn Germany DAX 30 ETF, China’s first locally domiciled exchange-traded fund to provide exposure to the DAX Index. The ETF, which has been listed on the Shanghai Stock Exchange, means Chinese investors can now access the performance of leading German companies for the first time. Li Qing, CEO of HuaAn, said: “[The fund] opens the door to invest in Germany and EU for China investors. The era of global asset allocation has come to China, and HuaAn aims to be the leading asset management company at home and abroad.”

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Latest news

Smart beta specialist Ossiam hits $2bn AUM milestone Smart beta specialist Ossiam hits $2bn AUM milestone

Ossiam, a leading European provider of smart beta exchange-traded funds, has revealed that assets under management have surpassed $2 billion. The Paris-based firm, which is an affiliate of Natixis Global Asset Management, was founded 2010 and has quickly established itself as one of the foremost providers of alternative beta strategies. Bruno Poulin, CEO of Ossiam, said: “The alternative-weighted index ETF market has developed considerably since our first fund launches in 2011. This is likely to be a long-term trend. Institutional and retail investors and their advisers have come to realise that alternative beta funds, including ETFs, can add value to their investment portfolios.”

Sprott introduces smart beta gold miners ETF Sprott introduces smart beta gold miners ETF

Sprott Asset Management, a Toronto-headquartered precious-metals specialist, has announced the launch of the Sprott Gold Miners ETF (SGDM). Listed on the NYSE, the ETF tracks a smart beta strategy index which seeks to outperform a purely passive, market-capitalization weighted representation of gold stocks. John Wilson, CEO of Sprott, said: “We are committed to developing innovative new products in areas where we can provide value through our expertise and experience.”

Barclays Inverse US Treasury Composite ETN Barclays launches inverse US Treasury bond ETN

Barclays has unveiled the Barclays Inverse US Treasury Composite ETN (TAPR), a series of Nasdaq-listed exchange-traded notes designed to help investors position for rising US dollar Treasury yields. The ETN is linked to the Barclays Inverse US Treasury Futures Composite Index, an index tracking the sum of the returns of periodically rebalanced synthetic short positions in equal face values of each of the 2-year, 5-year, 10-year, long-bond and ultra-long US Treasury futures contracts.

Boost makes debut on Deutsche Börse with DAX and Euro Stoxx 50 ETPs Boost makes debut on Deutsche Börse with DAX and Euro Stoxx 50 ETPs

Boost ETP, a specialist provider of short and leveraged exchange-traded products, has entered the German market with the launch of four products on the Deutsche Börse (Xetra). The London-headquartered provider, which was recently acquired by US ETF giant WisdomTree, is also active on the London Stock Exchange in the UK and Borsa Italiana in Italy. “Boost is very proud to be listing four new ETPs in Germany,” said Hector McNeil, Co-CEO of Boost ETP. “Having already assisted with the launch of short and leverage ETCs in Germany in the past, Boost’s founders look forward to continuing their relationship with the German market.”

Equities

Vanguard expands ETF offering in Hong Kong Vanguard expands ETF offering in Hong Kong

Vanguard, the world’s third largest provider of exchange-traded funds, has expanded its presence in Hong Kong with the launch of three new locally domiciled ETFs on the Hong Kong Stock Exchange. Shelly Painter, Vanguard Asia Regional Managing Director, said: “[The launch] marks an important step forward for Vanguard in Hong Kong with the expansion of our ETF product line-up”. James Norris, Vanguard International Managing Director, added: “We are committed to building our presence in Hong Kong and across the region more broadly, and the expansion of our local ETF line-up is another step along that journey.”

Commodities

Commodity ETPs in demand as China outlook improves Commodity ETPs in demand as China outlook improves

Global commodity exchange-traded products (ETPs) saw a second consecutive quarter of inflows in Q2 2014, according to ETF Securities, a leading provider of commodity ETPs. Inflows totalled $275 million, up from $271 million of inflows in Q1 2014. Nicholas Brooks, Head of research and investment strategy at ETF Securities, said: “Increasing confidence in the US recovery, a positive turn in China growth after three years of slowdown, and expected further easing measures by China’s policy-makers has boosted prices and investor sentiment towards commodities.”

Fixed Income

Source and Pimco cross-list short maturity ‘MINT’ ETFs on SIX Swiss Exchange Source and Pimco cross-list short maturity ‘MINT’ ETFs on SIX Swiss Exchange

Source, a European provider of exchange-traded funds, and Pimco, a global investment manager, have cross-listed two of their most popular ETFs on the SIX Swiss Exchange: the Pimco Euro Short Maturity Source UCITS ETF (PJS1) and Pimco US Dollar Short Maturity Source UCITS ETF (MINT). Fabrizio Palmucci, Fixed Income Product Specialist at Source, said: “Since their launch, the two funds have grown to become the largest actively managed fixed income ETFs in all of Europe…The combination of a proven fixed income manager, a successful investment strategy, a relatively low level of risk, all offered in a transparent and highly liquid structure is clearly meeting the needs of European investors.”

Alternatives / Multi-Asset

AdvisorShares partners with Sunrise Capital on actively managed multi-strategy ETF AdvisorShares partners with Sunrise Capital on actively managed multi-strategy ETF

AdvisorShares, a sponsor of actively managed exchange-traded funds, has launched a new ETF in partnership with Sunrise Capital. Listed on Nasdaq, the AdvisorShares Sunrise Multi-Strategy ETF (MULT) seeks to provide long-term total returns by tactically investing both long and short through a variety of asset classes using ETFs, futures, foreign currencies and US Treasuries. Chris Stanton, CIO of Sunrise Capital, said: “We feel investors and financial advisors seeking diversification for their portfolios could discover MULT to be a compelling offering due to its disciplined investment strategy and actively managed ETF structure.”

ETF and Index News

Effort needed to build ETF brand awareness in Asia Pacific, says Cerulli Associates Effort needed to build ETF brand awareness in Asia Pacific, says Cerulli Associates

The total assets under management of the Asia-Pacific exchange-traded fund space hardly budged in the first four months of 2014, staying at around the US$170 billion mark, according Cerulli Associates. One big challenge that some ETF providers face in many countries in the region is that some names are generally not as well known in the retail space. Thusitha de Silva, Asia editor for Cerulli, said: “Efforts are needed to build brand awareness and to get retail investors to understand the investment philosophies of ETF providers.”