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.

Horizons to close US Risk Managed ETF

Aug 11th, 2017 | By

Horizons ETFs Management has announced that the Horizons US Managed Risk ETF (NYSE Arca: USMR) will close effective at the close of business on 8 September 2017.

Direxion launches triple leveraged Euro Stoxx 50 ETF

Jul 13th, 2017 | By
Sylvia Jablonski, managing director at Direxion

Direxion has launched the Direxion Daily Euro Stoxx 50 Bull 3X Shares (EUXL) which provides 300% of the daily performance of the Euro Stoxx 50 Index. Sylvia Jablonski, managing director at Direxion, said: “As political risks dissipate following the results of the French elections, the eurozone economy strengthens and prospects for earnings improve, this ETF may offer active traders exposure to a highly reputable index tracking 50 of the largest and most liquid blue-chip European stocks.”

BMO to launch three enhanced income equity ETFs

Jul 5th, 2017 | By
Chris McHaney, vice president & portfolio manager, BMO Global Asset Management

BMO Global Asset Management is planning to launch three new ETFs on the London Stock Exchange tracking the FTSE 100, Euro Stoxx 50 and S&P 500 indices while boosting portfolio income through the use of covered call overlay strategies. Chris McHaney, vice president & portfolio manager, BMO GAM, commented: “By using an options overlay that adds meaningful income while mitigating the opportunity cost of the strategy, the new ETFs offer the potential to achieve benchmark returns over the long term, with reduced volatility and higher current income.”

SSGA to close 19 SPDR ETFs

Jul 4th, 2017 | By
ProShares to close 13 ETFs

State Street Global Advisors (SSGA) has announced it will close 19 SPDR ETFs listed in the US. Of the 19 funds, all except one give exposure to equities domiciled outside the US. The largest ETF being closed is the SPDR S&P International Health Care Sector ETF (IRY) which was launched in July 2008 and has $198 million in assets under management.

Bats rolls out suite of European broad market and sector indices

Jun 19th, 2017 | By
Tradeweb’s European ETF marketplace reports strong trading in Q2

Exchange operator Bats Europe has introduced 18 new regional European benchmark indices, including six broad market and twelve sector indices. Having launched its index business in June 2016, Bats has quickly established a range of real-time, low-cost alternatives to indices currently on offer by the region’s incumbent index providers, helping to foster greater competition in the space.

Lyxor reduces fees on three European equity ETFs

Jun 12th, 2017 | By
BlackRock cuts fees on iShares ESG and bond ETFs

Lyxor has reduced the fees charged on three of its Europe-focused equity ETFs.

China Post Global launches Japanese smart beta ETF on Deutsche Börse

Jun 7th, 2017 | By
Nikko AM releases Japan equity outlook

China Post Global, an international asset management firm affiliated to the Chinese postal savings bank, has launched a new equity index exchange-traded fund, issued under its Market Access range of ETFs, on Deutsche Börse’s Xetra and Frankfurt exchanges. The Market Access iSTOXX MUTB Japan Quality 150 Index UCITS ETF tracks the performance of 150 Japanese stocks with quality characteristics such as high earnings potential, low debt, sustainable cash flows and economic stability.

BNP Paribas launches quality Japan ETF on Xetra

May 30th, 2017 | By
BNP Paribas launches eleven ETFs on Borsa Italiana

BNP Paribas has launched the BNP Paribas Easy iSTOXX MUTB Japan Quality 150 UCITS ETF (Xetra: ISTM) on Deutsche Börse’s platform. The underlying index of the ETF is the iSTOXX MUTB Japan Quality 150 Index, which was launched in August 2015 in collaboration with Japanese bank Mitsubishi UFJ Trust and Banking Corporation. The index captures the performance of the 150 Japanese equities in the STOXX Japan 600 ex-REITs with the highest combined ranking of four fundamental ratios: return on equity, debt-to-capital, cash flow generation ability and business stability.

Lyxor rolls out Stoxx Europe 600 ETF with euro hedging

Apr 25th, 2017 | By
Lyxor rolls out Stoxx Europe 600 ETF with euro hedging

Lyxor has launched a new ETF, offering currency-hedged exposure to the Stoxx Europe 600 Index, on Deutsche Börse’s Xetra and Frankfurt exchanges.