The number of exchange-traded fund listings on SIX Swiss Exchange has surpassed 1000. The Zurich-based exchange has reached the milestone 15 years after the first ETF was listed on the exchange. “We are proud of reaching this milestone, and we would like to thank our issuers for the trust they show in us with each product launched,” commented Danielle Mair, ETFs & ETPs Sales Manager for SIX Swiss Exchange. Since SIX Swiss unveiled its dedicated ETF segment in 2000 the number of products has grown steadily. Last year proved to be particularly strong, with 162 new products listed, including 50 in the final quarter alone.[continue reading...]
- 1,000th ETF listed on SIX Swiss Exchange
- Deutsche AWM launches Europe’s first ETF providing exposure to Saudi Arabia
- QE propels WisdomTree’s European hedged equity ETF through $10 billion mark
- Staying focused on Japanese equities, says iShares’ Cohen
- GreenHaven unveils coal ETP
- SSGA launches four value-weighted smart beta ETFs
- Lyxor rolls out GBP and USD currency-hedged versions of JPX-Nikkei 400 ETF
- Stoxx expands smart beta offering with Sharpe ratio index family
- Ossiam launches Shiller Barclays CAPE Sector Value Europe ETF
- UBS unveils USD-hedged MSCI EMU ETF
- Lyxor launches currency-hedged Euro Stoxx 50 ETFs
- KraneShares launches GDP-weighted China-focused EM ETF
Deutsche Asset & Wealth Management has listed Europe’s first ETF to provide equity exposure to Gulf states including Saudi Arabia. The db x-trackers MSCI GCC Select Index UCITS ETF tracks the equity markets of all the Gulf Cooperation Council (GCC) countries, with a 65% weighting to Saudi Arabia. The other countries in the GCC are Bahrain, Qatar, Kuwait, Oman and the United Arab Emirates. Manooj Mistry, Deutsche AWM’s head of exchange-traded products, EMEA, said: “The Saudi Arabian stock market has traditionally been difficult for foreign investors to access, so the launch of an index tracker providing exchange-traded exposure to all the GCC countries is a significant step forward.”
The WisdomTree Europe Hedged Equity ETF (HEDJ) has shot through the $10 billion AUM milestone on the back of the European Central Bank’s recent announcement to embark on a €60 billion-a-month quantitative easing programme. Having already enjoyed record inflows of $5 billion last year, the NYSE Arca-listed exchange-traded fund pulled in further $3 billion of inflows in January alone, more than any other ETF during the period and much of it following the ECB’s QE statement. The underlying strategy coupled with the prospect of a weaker euro is behind the fund’s success.
Japanese stocks are up more than 60% in local currency terms over the last two years and there is potential for further gains this year, according to Stephen Cohen, chief investment strategist for iShares EMEA. Cohen says the market’s focus this year has been geared towards Europe, but Japanese stocks have moved steadily higher, and few investors have noticed. He identifies four factors that could spur a further rally in Japanese equities. As always, he suggests investors look at the direction of the Yen and use a currency-hedged approach.
State Street Global Advisors has announced the launch of four smart beta ETFs, linked to MSCI Value Weighted indices, designed to capture the value premium across European and US broad-market and small-cap equity market segments. The ETFs follow a methodology that reweights all stocks from the relevant parent MSCI World sub-index based on four financial metrics – sales, book value, earnings and cash earnings. Using these measures, the indices are tilted towards those stocks with the cheapest valuations, with the aim of providing superior risk-adjusted performance while maintaining the strong investability and capacity features of their parent cap-weighted indices.
Lyxor, one of Europe’s leading providers of exchange-traded funds, has introduced two new currency-hedged share classes for its highly successful JPX-Nikkei 400 ETF. Primarily aimed at US dollar and pound sterling-based investors, the new share classes, Lyxor UCITS ETF JPX-Nikkei 400 Daily Hedged C-USD (JPX) and Lyxor UCITS ETF JPX-Nikkei 400 Daily Hedged C-GBP (JPXX), provide daily USD- and GBP-hedged exposure, respectively, to the JPX-Nikkei 400 index. Listed on the London Stock Exchange, the additional share classes follow the previous launch, on 2nd February 2015, of a EUR-hedged share class on Euronext Paris.
GreenHaven, a US-based commodities asset manager, has announced the launch of the GreenHaven Coal Fund (TONS), the first exchange-traded product designed to offer investors exposure to daily changes in the price of coal futures contracts. The fund has been listed on the NYSE Arca. Commenting on the launch, Cooper Anderson, Chief Financial Officer of GreenHaven Coal Services, the fund’s sponsor, said: “As the first single-commodity coal ETP, TONS offers investors access to a global market that before now has generally been accessible only to institutions and traditional coal companies”
BlackRock has expanded its fixed income and equity ranges with the launch of two new iShares ETFs. The funds, the iShares Euro Corporate Bond BBB-BB UCITS ETF (IEBB) and iShares US Equity Buyback Achievers UCITS ETF (BACK), provide highly targeted exposure to European corporate bonds and to US companies undertaking buyback programmes. Tom Fekete, Head of Product Development for iShares in EMEA, said: “Investors are increasingly turning to ETFs as a way to gain precise exposure to markets that have otherwise been difficult to access. These funds give instant and low-cost access for those investors wanting to express a specific view on European corporate bond and US equity markets.”
Boost ETP, a specialist provider of short and leveraged exchange-traded products and a subsidiary of WisdomTree Europe, has revealed that trading volumes across its platform hit a record of $518 million in January, equating to a notional volume exceeding $1.5 billion. The new record comes against the backdrop of a rise in market volatility and increasing concerns over the robustness of spread betting and CFD firms, a few of which have entered administration or frozen client accounts in recent months. Trading volumes on the platform have been on a clear growth trend, more than tripling over the past six months.
Stoxx, a leading European index provider, has unveiled the Stoxx Sharpe Ratio Indices, a first-of-its-kind index family that selects components according to their Sharpe ratio. The indices, which fall squarely into the “smart beta” camp, have been designed for use as underlyings to index-linked investment products such as ETFs or as benchmarks for actively managed funds. The inaugural line-up comprises global and regional indices which include stocks from their respective parent benchmarks that have the highest Sharpe ratios, while excluding those with low dividend yields and low liquidity.