‘ United States and Canada ’

First Trust switches ETF to Dorsey Wright momentum strategy

Aug 18th, 2017 | By
First Trust switches ETF to Dorsey Wright momentum strategy

First Trust has announced changes to the First Trust CBOE S&P 500 VIX Tail Hedge Fund (VIXH), transitioning the ETF to a new strategy that will harness investment advisory firm Dorsey, Wright & Associates’ research into relative strength analysis to rotate among large-cap equities and Treasuries. To reflect the changes, the fund will be rebranded the First Trust Dorsey Wright People’s Portfolio ETF (Nasdaq: DWPP).



YTD ETF flows in US poised to surpass 2016 total

Aug 18th, 2017 | By
YTD ETF flows in US poised to surpass 2016 total

Net inflows into US-listed exchange-traded funds and exchange-traded products totalled $28.0bn in July, bringing year-to-date flows to $275.4bn, more than double the net inflows of $112.2bn accumulated at this point last year and just shy of the $278.7bn gathered in all of 2016. According to data from ETF industry consultant ETFGI, July’s net inflows marked the 17th consecutive month of positive net new assets for the region.



VanEck: A wide moat is only half the battle

Aug 17th, 2017 | By
VanEck: A wide moat is only half the battle

Torsten Hunke, chief operating officer, VanEck Europe, discusses the investment process behind the Morningstar Wide Moat Focus Index, used to underlie the VanEck Vectors Morningstar US Wide Moat UCITS ETF (LON: MOAT). Hunke explains that identifying stocks with wide economic moats (sustainable competitive advantages) is only half the battle; ascertaining which are trading below their fair values is equally as important.



iShares’ newly launched short-term TIPS ETF sees large inflow

Aug 17th, 2017 | By
Newly-launched iShares short-term TIPS ETF sees large inflow

The iShares $ TIPS 0-5 UCITS ETF has recorded a significant inflow of around $177 million. The newly launched fund, introduced on the London Stock Exchange in April of this year, saw its total assets under management jump on Monday 7th August 2017 to $185m from approximately $7.5m in seed capital.



Flows into Europe-listed bond ETFs hit by hawkish central banks, reports Lyxor

Aug 16th, 2017 | By
Bond ETF flows hit by hawkish central banks, reports Lyxor

European-listed ETF market flows remained steady in July with net new assets (NNA) over the month totalling €8.7 billion, according to monthly flows analysis from Lyxor. However, fixed income flows decreased to €2.3bn, close to the lowest monthly level of the year.



Vanguard changes indices underlying three bond ETFs

Aug 16th, 2017 | By
Vanguard changes indices underlying three bond ETFs

Vanguard has announced a change in indices underlying three of its government bond ETFs. The changes, which are due to take place during the fourth quarter of 2017, will see the ETFs’ underlying indices transition to pure Treasury indices. The move is expected to provide more targeted exposure to segments of the US government bond market and may potentially reduce bid-ask spreads.



First Trust becomes largest provider of actively managed ETFs in US

Aug 16th, 2017 | By
Ryan Issakainen, senior vice president, exchange-traded fund strategist at First Trust Advisors.

First Trust has become the largest provider of US-listed actively managed ETFs, based on AUM and number of funds offered –
according to data from Morningstar, as of the end of July, First Trust had $9.9bn invested across 29 US-listed actively managed ETFs. Ryan Issakainen, ETF strategist at First Trust, said: “First Trust has been highly selective in developing a diversified line-up of actively managed ETFs, focusing on categories where we believe active management offers competitive advantages over passive benchmark indices.”



First robotics and automation ETF hits $1bn in assets

Aug 16th, 2017 | By
First robotics and automation ETF hits $1bn in assets

The ROBO Global Robotics & Automation Index ETF (Nasdaq: ROBO) recently surpassed $1 billion in assets under management (AUM). Launched in October 2013, the ETF was the first to offer thematic equity exposure to companies involved in the production and use of robotics, automation and related technologies.



First Trust: US bull market still has long way to go

Aug 14th, 2017 | By
Brian Wesbury, chief economist at First Trust Advisors.

By Brian Wesbury, chief economist at First Trust Advisors.

For many years now a relatively large contingent of analysts, investors and journalists has been convinced the stock market was in a bubble because the “Shiller PE” ratio was just too high. Back in August 2013, in our Monday Morning Outlook, we made our case that the Shiller model was too pessimistic. Now that looks like a pretty good call.



Transamerica launches new suite of strategic beta ETFs

Aug 14th, 2017 | By
Deutsche launches two strategic beta min vol ETFs

Transamerica Asset Management has launched four new strategic beta ETFs designed to provide core equity strategies with an embedded risk management feature. Called the Deltashares By Transamerica suite, the new ETFs are the first to track the S&P Manged Risk 2.0 Index Series, which offers exposure to a given segment of the equity market while seeking to control volatility.