‘ Europe ’

7IM: Ten years in the life of ETFs

Aug 17th, 2017 | By
Peter Sleep, senior investment manager, Seven Investment Management (7IM).

Peter Sleep, senior investment manager, Seven Investment Management (7IM) takes a look at key developments over the decade that he’s spent with 7IM. He reviews falling fees, the arrival of new players, through to some potential challengers for the future.



Europe-listed ETFs gather €7.8bn in July, finds Morningstar

Aug 17th, 2017 | By
Europe-listed ETFs gather €7.8bn in July, finds Morningstar

Europe-listed ETFs saw net inflows of €7.8 billion in July 2017, bringing the total for 2017 to €65bn, according to data from Morningstar. While flows into Europe-listed equity ETFs posted a solid reading of €4.9bn, fixed income ETFs saw tepid demand during the month, recording flows of just €1.6bn, the second lowest monthly flows this year.



Industry veterans launch European white-label ETF platform

Aug 16th, 2017 | By
Boost ETP co-founders announce launch of new white-label ETF platform

European ETF industry veterans Hector McNeil and Nik Bienkowksi have announced the launch of HANetf, Europe’s first independent “white label” UCITS ETF platform. The platform, which is not linked to any existing issuer, will provide third-party asset managers from around the world with the infrastructure to build and launch ETFs into Europe without having to establish their own full-service business. The pair aim to disrupt the market by lowering the barriers to entry for prospective new ETF issuers.



7IM gold exposure hits record high

Aug 16th, 2017 | By
Investors lured to gold’s defensive traits, reports ETF Securities

Seven Investment Management (7IM) has reported that its gold exposure is currently at its highest ever level due to the firm’s “risk off” positioning as a result of perceived elevated risks in the stock market. 7IM’s gold holdings (15.4 tonnes) is now greater than a number of countries including Ireland, United Arab Emirates and the Czech Republic. The discretionary fund manager uses physically backed exchange-traded commodities (ETCs) from Source and iShares to obtain gold exposure in its range of funds and managed portfolios.



SPDR ETFs: Three reasons why eurozone stocks have room to run

Aug 14th, 2017 | By
SPDR ETFs: Three reasons why eurozone stocks have room to run

By Matthew Bartolini, head of SPDR Americas research, State Street Global Advisors.

After a strong rally, eurozone stocks have lost momentum since May, hurt by a strengthening euro. In the past two months, the EURO Stoxx 50 Index has registered negative return in local currency and underperformed the S&P 500 Index by 5%, while flows into European equity ETFs have slowed to their lowest level since March.



Source launches GBP share class for MSCI Europe ex-UK ETF

Aug 14th, 2017 | By
Source launches GBP share class for MSCI Europe ex-UK ETF

European ETF provider Source has introduced a pound sterling-denominated share class for the Source MSCI Europe ex-UK UCITS ETF (LON: MXUK). Chris Mellor, equity product specialist at Source, commented: “Some investors may want to separate their exposures to Europe and the UK, especially with Brexit causing uncertainty around the outlook for the UK. This ETF effectively puts investors in control of the allocation.”



WisdomTree Canada adds non-hedged class to Europe Hedged Equity Index ETF

Aug 14th, 2017 | By
First Trust Canada proposes merger of AlphaDEX Dividend and Capital Strength ETFs

WisdomTree Canada has introduced non-hedged units of the WisdomTree Europe Hedged Equity Index ETF (Toronto: EHE). EHE provides exposure to dividend-paying European equities while hedging exposure to fluctuations between the euro and the Canadian dollar. The new non-hedged units, (Ticker: EHE.B), will not be hedged back to the Canadian dollar.



Eleven new ETFs listed on London Stock Exchange in July 2017

Aug 10th, 2017 | By
Eleven new ETFs listed on London Stock Exchange in July 2017

Eleven new ETFs were listed on London Stock Exchange in July 2017, bringing the total number of ETFs or ETPs listed on the exchange to 921 and 457 respectively. ETF providers listing on the London market during July included Lyxor, BMO, ETF Securities and BlackRock.



Tradeweb reports strong buying of equity ETFs during July

Aug 10th, 2017 | By
Tradeweb reports strong buying of equity ETFs during July

Tradeweb has reported that equity ETFs saw net buying activity on its European-listed ETF marketplace during July with ‘buys’ outperforming ‘sells’ by eight percentage points. This was the first month of net positive buying of equity ETFs since March with European equity ETFs proving to be the most actively-traded ETF category at more than €2.8bn in notional volume.



WisdomTree: France’s reform agenda to reinvigorate economic growth

Aug 9th, 2017 | By
WisdomTree: France’s reform agenda to reinvigorate economic growth

By Viktor Nossek, director of research at WisdomTree in Europe.

Macron’s labour market reforms appear difficult to enact in the face of historic stiff opposition from labour unions. But unlike his predecessor Francois Hollande, who ran on a socialist agenda, Macron is different in that as an “independent” he can be more confrontational with labour unions and force them to negotiate.