Source, a London-based provider of exchange-traded funds (ETFs), has announced the launch of the Source Morningstar US Energy Infrastructure MLP UCITS ETF on the London Stock Exchange. The ETF is linked to the Morningstar MLP Composite Index and is the first in Europe to offer dedicated exposure to US energy infrastructure Master Limited Partnerships (MLPs), which are booming as a result of the development of unconventional energy sources such as shale gas, tight oil and tar sands.
‘ JP Morgan ’
Alerian, the index provider to the JPMorgan Alerian MLP Index ETN (AMJ) and Alerian MLP ETF (AMLP), has unveiled two new indices tracking the North American energy infrastructure and Master Limited Partnership (MLP) sectors. The newly launched Alerian Energy Infrastructure Index and the Alerian MLP Equal Weight Index provide investors with new benchmarks encompassing a broader range of capitalisation, asset, and geographic exposure.
Barclays has announced the launch of the Barclays ETN+ Select MLP ETN (ATMP), an exchange-traded note providing exposure to the much-in-demand energy MLP space. Linked to the Atlantic Trust Select MLP Index, the ETN is designed to provide investors with exposure to a basket of midstream US master limited partnerships (MLPs), limited liability companies and corporations operating in the North American energy sector.
The Market Vectors Emerging Markets Local Currency Bond ETF (EMLC) has surpassed $1.5 billion in assets under management, adding more than $500 million in the last three months alone. When the fund was brought to market in July 2010 on the NYSE Arca, it was the first US-listed exchange-traded fund designed to provide investors with exposure to an index that tracks a basket of bonds issued in local currencies by emerging market governments.
Exchange rate volatility has spiked considerably over the past two months following the election of a new government in Japan. With murmurings that a “currency war” is about to break out, volatility in the FX market looks destined to remain at elevated levels for some time to come. This creates opportunities for investors looking to speculate on further shifts in the market. An effective way to capitalise on FX moves is via leveraged currency exchange-traded products (ETPs) which amplify the returns of currency pairs such as USD/JPY, GBP/USD, GBP/EUR and EUR/USD.
Source has cross-listed two of its flagship exchange-traded funds (ETFs) on the SIX Swiss Exchange: the Man GLG Europe Plus Source ETF (MPFE) and the JP Morgan Macro Hedge Dual Source ETF (MHDU). The two funds are among the London-based firm’s most successful and also most innovative products.
All the talk lately has been about whether we’re nearing the end of the bond bull market. However, Fran Rodilosso, a fixed income portfolio manager at Market Vectors ETFs, reckons that while investors need to accept that many traditional fixed income investments are unlikely to deliver the same types of returns as in 2012, there are still great opportunities to find if investors look in the right places. Emerging markets local debt is one of these places, according to Rodilosso.
Global index provider Stoxx has introduced the ‘Dynamic VSTOXX Indices’, a new series of strategy indices designed to provide enhanced exposure to European equity market volatility. The new indices seek to exploit opportunities that present themselves in the forward curve of European equity volatility futures. Essentially, the indices aim to capitalise on the superior performance of short-term futures during stressed market environments and of mid-term futures in more normal market environments.
Van Eck Global, the US-based sponsor of the Market Vectors range of exchange-traded funds (ETFs), has announced that the Market Vectors Emerging Markets Local Currency Bond ETF (EMLC) has surpassed $1 billion in assets under management. The NYSE Arca-listed fund, which made its debut in July 2010, has proved popular as investors have looked to emerging markets for both diversification away from the dollar and more attractive yield opportunities.
Source, a leading provider of exchange-traded products (ETP), captured 24% of European net new ETP assets in September 2012, the highest share of assets of any European manager, as inflows into its flagship physical gold product surged. However, while the provider is perhaps best known for its gold and commodities products, which continue to bring in assets and are the firm’s ‘bread and butter’, its entire product range has proved popular with investors.