‘ Source ’

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.

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.

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.”

IG picks six of the best US equity ETFs

Aug 10th, 2017 | By
IG picks six of the best US ETFs

By Oliver Smith, portfolio manager at IG.

The US market has been a huge growth area for ETFs and index funds, with falling fees enabling investors to get exposure at a very low cost. More recently a number of new products targeting different parts of the market have been launched in the UK. In this piece we take a look at six of the best US ETFs to consider for your portfolio.

European basic resources sector ETFs making gains

Aug 2nd, 2017 | By
Market Vectors launches unconventional oil & gas ETF

Exchange-traded funds tracking the STOXX 600 Europe Basic Resources Index have recorded impressive returns recently with the index gaining over 10% in the month to 25 July 2017. The index is tracked by ETFs from Lyxor, iShares, Deutsche Asset Management, ComStage and Source.

Morningstar and Euronext launch new Europe equity indices

Aug 1st, 2017 | By
Euronext launches European family-run business index

Morningstar has teamed up with Euronext to launch two new indices, the Morningstar Eurozone 50 Index and the Morningstar Developed Markets Europe 100 Index, providing exposure to large-cap European equities. The launch follows the announcement of a strategic agreement between Euronext and Morningstar in March 2017.

BlackRock launches iShares diversified commodities ETF

Jul 27th, 2017 | By
BlackRock launches iShares diversified commodities ETF in London

BlackRock has launched the iShares Diversified Commodity Swap UCITS ETF (LON: ICOM), providing exposure to 20 different commodities from across the energy, agriculture, industrial metals, precious metals and livestock sectors. The fund may appeal to investors looking to diversify their portfolios at a time when the correlation between equities and bonds is rising.

US equity ETFs boosted as S&P 500 hits all-time high

Jul 27th, 2017 | By

US large-cap equity ETFs have recorded gains recently as the S&P 500 Index hit intraday- and closing-high records on 25 July 2017. In a week where 180 of the index’s constituents are reporting their second-quarter results, several companies have delivered better-than-expected earnings, pushing the index to 2,477.08 at the close. ETFs tracking the index, such as the $19.3bn iShares Core S&P 500 UCITS ETF (LON: CSPX), have added around 10.7% so far in 2017.

Hedge fund professionals anticipate greater use of ETFs

Jul 24th, 2017 | By
Source launches GBP share class for MSCI Europe ex-UK ETF

More than nine out of ten (92%) of senior hedge fund professionals expect to see an increased value of ETFs being used within their industry this year, according to research commissioned by European ETF provider Source. Chris Mellor, executive director, equity product management at Source, said: “Hedge fund managers are sophisticated investors and it is clear they are increasingly seeing the benefits that ETFs provide them, such as a cost-effective means to execute their strategies.”

PowerShares unveils S&P 500 Minimum Variance ETF

Jul 18th, 2017 | By
PowerShares unveils S&P 500 Minimum Variance ETF

Invesco PowerShares has launched the PowerShares S&P 500 Minimum Variance ETF (Bats: SPMV), providing exposure to select constituents from the bellwether S&P 500 Index while producing lower volatility characteristics compared to the broader US large-cap equity market.