Boost launches triple leveraged gilts ETP on LSE

Latest news

Boost launches triple leveraged gilts ETP on LSE

Boost, a leading European provider of short and leveraged exchange-traded products and a division of WisdomTree, has listed Europe’s first ever triple leveraged gilts ETP. Listed on the London Stock Exchange, the Boost Gilts 10Y 3x Leverage Daily ETP (3GIL) provides three times geared exposure to 10-year UK government bonds. Hector McNeil, Co-CEO of WisdomTree Europe, said: “We are very pleased to bring Europe’s first 3x leverage Fixed Income ETP, 3GIL, to Europe. Along with the recently listed Boost Gilts 10Y 3x Short Daily ETP (3GIS), the two ETPs provide investors the ability to trade both rising and falling Bank of England interest rates.”

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Latest news

WisdomTree lists two emerging market dividend ETFs on LSE WisdomTree lists two emerging markets dividend ETFs on LSE

WisdomTree has rolled out two more fundamentally-weighted ETFs on the London Stock Exchange, this time providing exposure to dividend-paying emerging market stocks. The funds – the WisdomTree Emerging Markets Equity Income UCITS ETF (DEM) and WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (DGSE) – take the total number of WisdomTree ETFs listed on the LSE to six. Nik Bienkowski, Co-CEO of WisdomTree Europe, said: “We are extremely proud to expand WisdomTree’s platform of UCITS ETFs with two new ETFs providing exposure to emerging market small-caps and emerging market equity income.”

SSgA unveils world’s first passive global convertible bond ETF SSgA launches first European ETF to provide short maturity EM bond exposure

State Street Global Advisors, the asset manager behind the SPDR ETFs brand, has announced the launch of the SPDR BofA Merrill Lynch 0–5 Year EM USD Government Bond UCITS ETF (ZPR5). The Deutsche Börse-listed ETF is the first European ETF to provide exposure to short maturity emerging market government debt issued in US dollars. Commenting on the launch, Alexis Marinof, head of SPDR ETFs EMEA, said: “This new ETF captures the global investment universe of short maturity emerging market bonds and adds to our existing emerging market fixed income capabilities.”

SEC approves non-transparent active ETF structure SEC approves Eaton Vance’s non-transparent ETF structure

Non-transparent ETFs moved a step closer in the US last week after the SEC approved a request by Nasdaq to adopt a new rule governing the listing and trading of a new fund structure devised by Eaton Vance called the exchange-traded managed fund (ETMF). ETMFs, which will come to market branded as NextShares, are effectively a hybrid between conventional actively managed mutual funds and ETFs. Thomas E. Faust Jr, Chairman and Chief Executive Officer of Eaton Vance, said: “The approval of Nasdaq’s rule change request for NextShares caps a pivotal two days in the development of NextShares. We look forward to continuing our collaboration with Nasdaq to bring NextShares to market.”

Source launches biotech ETF Source launches biotech ETF

Source, a leading provider of exchange-traded funds, has announced the launch of the Source Nasdaq Biotech UCITS ETF (SBIO), the first Europe-listed ETF to track the Nasdaq Biotechnology Index. “Source is launching this product in direct response to investor demand,” said Source CEO Ted Hood. “While there are some large, actively managed biotech funds available to Europe investors, passive options are limited. There are several ETFs, including our own, tracking the US Health Care sector, but we see many investors looking for more focused biotech exposure.”

Equities

Source registers 59 ETFs in Spain Source registers 59 ETFs in Spain

Source, a London-headquartered provider of exchange-traded funds, has announced that 59 of its ETFs have been registered with the Comisión Nacional del Mercado de Valores (CNMV), Spain’s securities market regulator, making them available for public distribution across the country. The range of ETFs now available to Spanish investors features strategies developed together with Goldman Sachs, JP Morgan, Man GLG, Morgan Stanley and Nomura, and includes so-called ‘smart beta’ strategies that provide alternatives to investing on a traditional market capitalisation weighted basis.

Commodities

Merk Gold ETF (OUNZ) makes first physical delivery Merk Gold ETF makes first physical delivery

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.

Fixed Income

SSgA unveils world’s first passive global convertible bond ETF SSgA unveils world’s first passive global convertible bond ETF

State Street Global Advisors has announced the launch of the SPDR Thomson Reuters Global Convertible Bond UCITS ETF (ZPRC), the world’s first passive global convertible bond ETF. The fund, which has been listed on the Deutsche Börse, aims to offer investors cost-efficient and transparent exposure to the unique risk-return profile of this asset class. Alexis Marinof, head of SPDR EMEA, said: “Convertible bonds have exhibited historically lower correlations to traditional equity and bond markets, and typically will have lower sensitivity to interest rate changes than normal bonds which makes them a great portfolio diversifier.”

Alternatives / Multi-Asset

First Asset launches actively managed Canadian REIT and dividend ETFs First Asset launches actively managed Canadian REIT and dividend ETFs

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.

ETF and Index News

Amundi targets $100bn in ETF and indexed AUM Amundi targets $100bn in ETF and indexed AUM

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”.