Latest news

Core strategies help Amundi post 50% organic ETF growth in 2017

Amundi posts 50% organic ETF growth in 2017

Amundi has reported that total assets invested in its line-up of ETFs grew to €38 billion in 2017, with record net inflows of over €10bn representing organic growth of 50%. Fannie Wurtz, managing director at Amundi ETF, Indexing & Smart Beta, commented, “2017 has been a record year for Amundi ETF, powered by our ability to deliver solutions for both retail and institutional client segments, which are growing significantly.”

Asia Pacific ex-Japan ETF assets up but net inflows subdued during 2017

Asia Pacific ex-Japan ETF assets up in 2017, but inflows subdued

Assets invested in ETFs and ETPs listed in Asia Pacific ex-Japan increased by $40.2 billion (31.4%) during 2017, to reach a new high of $170.3bn at the end of December, according to ETFGI. The region saw net inflows of just $6.5bn during the year (down 45.8% on 2016), however, with the remaining growth in AUM coming from market performance.

VanEck makes strategic European ETF acquisition

VanEck acquires Netherlands-based Think ETFs

VanEck has agreed to acquire Netherlands-based ETF issuer Think ETF Asset Management in a move which will see the number of VanEck UCITS ETFs available in Europe rise from six to 20 and add €1.5bn in AUM. Jan van Eck, CEO of VanEck, commented, “We are very excited to bring the Think team and their innovative product offerings into the VanEck fold.”

Institutional ETF trading doubles annually on Tradeweb over five years

Tradeweb posts triple-digit annual growth rates in ETF trading volumes

Tradeweb has announced that ETF trading volumes across its institutional ETF marketplaces have grown at a compound annual growth rate of 120% since inception in October 2012, with more than $660 billion of ETF trades executed. “The sustained growth of our global ETF offering demonstrates the real value RFQ trading provides institutional investors in accessing liquidity with competitive pricing,” said Adriano Pace, managing director at Tradeweb.

Chris Davis, portfolio manager and chairman, Davis Advisors.

Davis Advisors’ actively managed equity ETFs turn one

Davis Advisors’ suite of three actively managed ETFs has reached its one-year anniversary, with each of the funds having surpassed the $100m assets-under-management mark. “We’re delighted to celebrate the one year anniversary of the Davis ETFs: some of the first investment solutions that provide actively managed equity exposure in a traditional ETF wrapper,” said Chris Davis, chairman of Boston-based investment manager.

UBS cross-lists four EUR-hedged ESG ETFs on Deutsche Börse

UBS cross-lists four EUR-hedged ESG ETFs on Deutsche Börse

UBS Global Asset Management has cross-listed four currency-hedged ESG-themed ETFs on Deutsche Börse. The ETFs, which include three equity ETFs and one corporate bond ETF, are all based on indices which incorporate an evaluation of environmental, social and governance performance by MSCI. They also include in-built euro-currency hedges designed to mitigate the effect of adverse currency movements.

Equities

Reality Shares, Nasdaq partner on ETF exposed to blockchain technology

Reality Shares, Nasdaq partner on blockchain technology ETF

Reality Shares, a San Diego-based asset manager and ETF issuer, has partnered with Nasdaq to launch an ETF providing access to companies involved in blockchain technology. “The blockchain ecosystem potentially presents one of the most profound, long-term investment opportunities many of us have or will ever see in our lifetime,” said Eric Ervin, CEO of Reality Shares.

Naoki Kamiyama, chief strategist, Nikko Asset Management.

Nikko remains positive on Japanese equities in 2018

Naoki Kamiyama, Chief Strategist at Nikko Asset Management, discusses some of the key forces shaping the outlook for the Japanese economy and stock market in 2018, including government policy, earnings growth, wage growth, and capital expenditure.

Commodities

James Butterfill, head of research & investment strategy at ETF Securities

ETF Securities forecasts mixed outlook for commodities in 2018

Broad commodity ETFs have enjoyed a decent start to 2018. From the low point in mid-December, the ETFS All Commodities (AIGC LN) has gained 5.6% with rallies in oil, industrial metals, precious metals, and agriculture. Despite the recent gains, James Butterfill, head of research & investment strategy at ETF Securities, is wary of interpreting this as a positive sign for broad commodities this year.

Aneeka Gupta, Associate Director, Equity & Commodities Strategist, ETF Securities

Gold and precious metals ETFs stage strong start to year, reports ETF Securities

Gold ETFs have staged a strong start to 2018, with ETF Securities reporting that its range of gold products received inflows of $19.2 million during the first week of the year. Precious metals ETFs also did well, gathering inflows worth $18.8m.

Fixed Income

Nicola Mai, portfolio manager, sovereign credit analyst at PIMCO.

PIMCO: Economic growth masks eurozone’s underlying fragility

By Nicola Mai, portfolio manager, sovereign credit analyst at PIMCO.
While things look good over the cyclical horizon, investors shouldn’t be complacent about the long-term outlook, as the region is still far from resolving its existential challenges.

Jason Giordano, director of fixed income at S&P Dow Jones Indices.

S&P 500 Bond Index sees record issuance in 2017

S&P 500 companies issued $775 billion in bonds during 2017, the sixth consecutive year of record US corporate bond issuance, according to S&P Dow Jones Indices. Jason Giordano, director of fixed income at S&P DJI, said the rise in issuance was reflective of companies continuing to take advantage of the accommodative environment created by low interest rates and strong investor demand.

Alternatives / Multi-Asset

Strategy Shares unveils multi-asset target distribution ETF

Strategy Shares unveils multi-asset target distribution ETF

Strategy Shares, a New York-state based ETF provider, has launched the Strategy Shares Nasdaq 7HANDL Index ETF (HNDL US) on Nasdaq Exchange, tracking a first-of-its-kind strategy index that targets a 7.0% annual distribution rate, all or a portion of which may include a return of capital.

Edward Rosenberg, senior vice president and head of ETFs for American Century

American Century launches its first ETFs

American Century Investments has become the latest asset manager to roll out ETFs, with the launch of the the American Century STOXX US Quality Value ETF (VALQ US) and American Century Diversified Corporate Bond ETF (KORP US) on NYSE Arca. Edward Rosenberg, head of ETFs for American Century, commented: “Our goal with the launch of American Century ETFs is to provide innovative strategies that strive to deliver better outcomes for investors.”

ETF and Index News

Smart Beta Factor ETFs

MSCI unveils new factor classification tools

In a bid to shine a light on factor investing, MSCI has unveiled two new investor tools: the ‘MSCI FaCS’, a new factor classification standard; and ‘MSCI Factor Box’, an updated style box designed to reflect a modern approach to investing.

Europe-listed equity ETFs saw inflows of $1.6bn during the month, double the amount seen during August 2016.

Global ETF industry grows assets by a third in 2017

The global ETF industry (including ETPs) grew by a record $1.287 trillion (36.3%) in 2017, more than double the previous record of $554.0 billion set in 2016, according to ETF industry consultants ETFGI.