‘ Themes and Strategy ’

First Trust Eurozone AlphaDEX ETF passes €100m milestone

Nov 17th, 2017 | By
Derek Fulton, CEO at First Trust Global Portfolios

The First Trust Eurozone AlphaDEX UCITS ETF (FEUZ LN) has grown to over €100 million in AUM three years after launch. The ETF, which provides smart beta exposure to eurozone stocks with growth and value characteristics, has also been awarded a coveted five-star Morningstar Rating based on a risk- and cost-adjusted analysis of fund performance compared to similar eurozone large-cap equity funds. Derek Fulton, CEO at First Trust Global Portfolios, commented: “We believe this demonstrates the true flexibility of the ETF structure to deliver alpha for investors.”



John Hancock unveils multi-factor small cap ETF

Nov 17th, 2017 | By
John Hancock unveils multi-factor small cap ETF

John Hancock Investments has launched the John Hancock Multifactor Small Cap ETF (JHSC US) on NYSE Arca. Andrew G. Arnott, president and CEO of John Hancock, commented: “Our firm’s momentum in the ETF space has been strong, and we now have $1 billion in ETF assets under management.”



American Century licenses Precidian’s ActiveShares ETF structure

Nov 17th, 2017 | By
Edward Rosenberg, senior vice president and head of ETFs for American Century

American Century Investments has entered into an agreement with Precidian Investments to license the firm’s ActiveShares methodology in support of the potential launch of actively-managed, semi-transparent ETFs. The Precidian model allows ETF issuers to deliver actively-managed investment strategies in an ETF vehicle without disclosing holdings on a daily basis. Edward Rosenberg, senior vice president and head of ETFs for American Century, commented: “Our long-term plan is to leverage our established active-management capabilities to bring clients our investment strategies in an ETF format.”



WisdomTree comments on how currency fluctuations impact ETF returns

Nov 17th, 2017 | By
WisdomTree comments on how currency fluctuations impact ETF returns

By Wisdomtree’s economic research team.

Investors looking to invest in ETFs may notice there are different currencies associated with the instrument. These currencies can have a significant impact on the return of the product, and therefore it’s important to understand how they work and why they fluctuate. This article seeks to offer some clarity to investors and traders around how currencies in ETFs work.



LGIM to buy ETF Securities’ European ETF platform

Nov 16th, 2017 | By
LGIM to buy ETF Securities’ European ETF platform

Legal & General Investment Management (LGIM) has agreed to buy ETF Securities’ European ETF platform known as Canvas. The news comes two days after WisdomTree announced a deal to buy ETF Securities’ European ETP business. Graham Tuckwell, founder and chairman of ETF Securities, commented, “Combining the ETF expertise and capabilities of Canvas with the scale and reach of LGIM should be transformative for existing and new customers.”



SSGA switches core US equity ETFs to in-house indices

Nov 16th, 2017 | By
SSGA switches core US equity ETFs to in-house indices

State Street Global Advisors (SSGA) has changed the underlying indices for three of its core US equity ETFs – those providing exposure to the large-cap, small-cap, and total-cap segments of the market – by dropping incumbent index provider FTSE Russell in favour of SSGA in-house indices, calculated by NYSE.



ProShares unveils inverse ETFs targeting bricks-and-mortar retailers

Nov 16th, 2017 | By
ProShares Inverse Retailers ETF

ProShares has launched the ProShares Decline of the Retail Store ETF (EMTY) on NYSE Arca, the first ETF specifically designed to benefit from the decline of US-listed bricks-and-mortar retail firms. Investors looking for an alternative play on this theme – simultaneously capturing the increasing popularity of online retailing – may wish to consider the ProShares Long Online/Short Stores ETF (CLIX US) which also launched today.



KraneShares releases further commentary on China Environment ETF

Nov 16th, 2017 | By
Jonathan Krane, CEO of KraneShares

KraneShares has released further commentary on its recently launched thematic ETF – the KraneShares MSCI China Environment ETF (KGRN US) – which provides access to Chinese companies involved in producing environmentally beneficial products and services. Speaking about the investment case for the ETF, Jonathon Krane, CEO of KraneShares, said, “We believe Chinese companies focused on contributing to a more environmentally sustainable economy may potentially benefit from this focused initiative.”



Direxion launches 3x leveraged pharmaceuticals ETF

Nov 15th, 2017 | By
Direxion launches 3x leveraged pharmaceuticals ETF

Direxion, the US-based leveraged and inverse ETF specialist, has launched the Direxion Daily Pharmaceutical Bull 3X Shares (PILL US). The ETF seeks to achieve 300% of the daily performance of the Dynamic Pharmaceutical Intellidex Index, an index composed of 30 US pharmaceutical companies identified by NYSE’s Intellidex methodology as having the greatest potential for capital appreciation.



Reality Shares and Nasdaq launch Blockchain Tech Index

Nov 15th, 2017 | By
Reality Shares and Nasdaq launch Blockchain Tech Index

Reality Shares and Nasdaq have launched the Reality Shares Nasdaq Blockchain Economy Index, a smart beta index tracking the development of leading global companies creating and implementing blockchain solutions. An ETF that will track the index is already in the works, with Reality Shares submitting initial regulatory papers on 2 November 2017.