WisdomTree debuts in Europe with launch of dividend-weighted ETFs on LSE

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WisdomTree makes European debut with launch of dividend-weighted ETFs on LSE

WisdomTree, the fifth largest sponsor of exchange-traded funds in the US, has announced the launch of its European UCITS ETF platform. In keeping with its reputation as a pioneer of smart beta ETFs, the sponsor has debuted with the listing of four dividend-weighted ETFs. Listed on the LSE, the ETFs provide exposure to large and small-cap US and European equities. Nik Bienkowski, Co-CEO of WisdomTree Europe, said: “We are extremely proud to be launching WisdomTree’s first UCITS ETFs in Europe. WisdomTree is founded on well-built indices, insightful research and a track record of innovation.”

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Latest news

Deutsche AWM lists equity factor ETFs on LSE Deutsche AWM lists equity factor ETFs on LSE

Deutsche Asset & Wealth Management (Deutsche AWM) has listed a range of strategic beta exchange-traded funds on the London Stock Exchange that provide investors with exposure to established equity factors: value, quality, momentum and low beta. Martin Weithofer, head of strategic beta at Deutsche AWM, commented: “Factor-based investing is moving from being a niche investment practice into the mainstream, and the launch of our strategic beta ETFs puts us in a strong position to meet this growing demand.”

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.” Source, Ashmore partner to launch actively managed EM bond ETFs

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.”

iShares launches factor ETF series iShares launches factor ETF series

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 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”.

Equities

Vanguard expands ETF range on LSE Vanguard expands ETF range on LSE

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.”

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

Boost unveils triple inverse US Treasury ETP on LSE Boost unveils triple inverse US Treasury ETP on LSE

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.

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

BATS Chi-X Europe unveils ETF transparency initiative BATS Chi-X Europe announces new ETF transparency initiative

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.”