Latest news

ETFs to benefit from FCA call for fee transparency

ETFs to benefit from FCA call for fee transparency

The Financial Conduct Authority (FCA) has called for greater fee transparency in the asset management industry as part of a package of remedies to address concerns highlighted by a recent market study. The move is expected to increase demand for low cost, transparent products, such as ETFs, by bringing to light hidden charges contained within many actively managed funds.

Deutsche launches core MSCI emerging markets ETF

Deutsche launches ‘core’ MSCI emerging markets ETF

Deutsche Asset Management has launched the Xtrackers MSCI Emerging Markets Index UCITS ETF (XMME) on London Stock Exchange and Deutsche Börse. Introduced as part of Deutsche’s ‘core’ range of ETFs – low cost, diversified funds designed to act as foundational building blocks for portfolio construction – the fund comes with a price tag of just 0.20%.

VanEck: Gold reacts to dwindling reflation trade

VanEck: Gold reacts to dwindling reflation trade

By Joe Foster, portfolio manager for the gold and precious metals strategy at VanEck.

The gold price changed very little in May, recovering towards the end of the month after early weakness brought on by the French presidential election and the FOMC (Federal Open Market Committee) meeting. From the first round of the French elections on 23 April to the final round on 7 May, markets became increasingly convinced that the pro-EU candidate Emmanuel Macron would win the election. This pressured gold as the risk of a Marine Le Pen-led Eurozone break-up lessened.

Solactive launches US investment grade corporate bond index

Solactive launches Spain equity benchmark

German index provider Solactive has launched the Solactive Spain 40 Index, a new benchmark index tracking the performance of the forty largest and most liquid companies listed in Spain. Steffen Scheuble, CEO, Solactive AG, commented: “The Solactive Spain 40 Index joins the portfolio of Solactive-branded benchmarks with regional and country exposure which at the moment cover Canada, Germany, Europe, Scandinavia, Switzerland and the US, among others.”

UBS unveils euro-hedged MSCI Europe ETF

UBS unveils euro-hedged MSCI Europe ETF

UBS has launched the UBS MSCI Europe UCITS (hedged to EUR) ETF on Deutsche Börse’s Xetra and Frankfurt exchanges. The fund provides exposure to the MSCI Europe Index while minimizing the exchange rate risk between various non-euro currency exposures within the portfolio (including Swedish krona, Swiss franc, Norwegian krone, Danish krone and British pound) and the euro.

Boost launches Europe’s first short and leveraged palladium ETCs

Palladium tops ETF best performers in June

Palladium-tracking ETFs, such as the ETFS Physical Palladium (LON: PHPD), are amongst the top performing exchange-traded funds over the past month to 26 June 2017, as the metal’s price has jumped 19% over this period. The strong month continues the run of good performance for Palladium which has risen 57% over the past year.

Morgane Delledonne ETF Securities

ETF Securities notes US economy may be peaking

New research from ETF Securities argues that the shape of the US yield curve indicates the US economy could be approaching a peak. The yield curve has been flattening since 2009 and Morgane Delledonne, fixed income strategist at ETF Securities, thinks it is approaching levels that indicate the US business cycle might be nearing a turning point.

Equities

UBS launches Asia ex-Japan ETF in London

UBS launches Asia ex-Japan ETF in London

UBS has launched the UBS MSCI AC Asia ex Japan SF UCITS ETF (UC48) on the London Stock Exchange, providing exposure to the equity market performance of large and mid-cap stocks across emerging and developed market countries in Asia excluding Japan.

Source reports record flows into biotech ETF

Source reports record flows into biotech ETF

European ETF provider Source has reported that the Source NASDAQ Biotech UCITS ETF (LON: SBIO) has seen more than $300 million of net inflows over the past year with another $30 million added in the past week alone. There has been a big move up in US biotech in recent days with the underlying NASDAQ Biotech Index climbing more than 9% since the start of the last week.

Commodities

UBS launches Bloomberg commodity ETF on London Stock Exchange

UBS launches Bloomberg commodity ETF on LSE

UBS Asset Management has launched the UBS Bloomberg Commodity CMCI UCITS ETF (BCCU) on the London Stock Exchange. The fund offers exposure to the performance of a basket of commodity futures contracts, as represented by the constituent weights of the widely followed Bloomberg Commodity Index, while pursuing an advanced futures rolling methodology.

WisdomTree cross-lists Boost inverse and leveraged oil ETPs on LSE

Rising rates could boost oil ETFs finds S&P DJI

Analysis from S&P Dow Jones Indices ahead of the rate announcement by the Federal Reserve on 14 June assesses the historical impact of rising interest rates on various commodities. 

Fixed Income

WisdomTree launches Canada aggregate bond ETF

WisdomTree launches Canada aggregate bond ETF

WisdomTree has unveiled the WisdomTree Yield Enhanced Canada Aggregate Bond Index ETF (Toronto: CAGG). The fund tracks the Bloomberg Barclays Canadian Aggregate Enhanced Yield Index, a rules-based index designed to provide exposure to Canadian investment grade bonds while enhancing yield.

First Trust launches California municipal high income ETF

First Trust launches California municipal high income ETF

First Trust Advisors has launched the First Trust California Municipal High Income ETF (Nasdaq: FCAL), providing income that is exempt from regular federal income taxes and California state income taxes with long-term capital appreciation as a secondary objective.

Alternatives / Multi-Asset

Harvest Portfolios lists global REIT income leaders ETF

Harvest Portfolios lists global REIT income leaders ETF

Harvest Portfolios Group has launched the Global REIT Leaders Income ETF (Toronto: HGR), an actively managed ETF investing in real estate investment trusts (REITs) listed globally.

Edith Southammakosane, multi-asset strategist at ETF Securities

Inverse sterling ETFs in demand following UK election result

Investors reacted to the UK election on 9 June 2017 by increasing their exposure to short GBP ETPs, according to ETF Securities’ weekly ETF/ETP flows analysis.

ETF and Index News

New active ETF structure draws interest from big asset manager names

Precidian’s non-transparent ETF structure draws interest from active managers

A new type of actively managed ETF, which avoids disclosing the holdings of funds’ portfolios, has drawn interest from several major asset managers who have filed applications with the SEC to use the technology. Designed by Precidian Investments, a minority investment of Legg Mason, the ‘ActiveShares’ structure is being sought after by JPMorgan Chase, BlackRock, Capital Research, as well as Legg Mason affiliates ClearBridge and Royce.

Columbia Threadneedle closing active ETF suite

Columbia Threadneedle closes four ETFs

Global asset manager Columbia Threadneedle has announced it is closing four of its ETFs, currently trading on NYSE Arca, including both of its actively managed funds, the Columbia Core Bond ETF (GMTB) and the Columbia Intermediate Municipal Bond ETF (GMMB).

FTSE Russell – IFA Video Series

Building portfolios with ETFs

Building portfolios with ETFs

Building portfolios with ETFs, Darren Smith, IFA, 2Plan Wealth Management, Irene Bauer, Chief Investment Officer, Twenty20 Investments, Amanda Robello, Head of Passive Distribution, UK, Ireland & Channel Islands, Deutsche Asset Management and Andrew Keegan, Portfolio Strategist, Multi-Asset Strategies Group, BlackRock.

ETF Trading & Execution

ETF Trading & Execution

ETF Trading & Execution, with Roger Tull, IFA, Positive Solutions, Chris Foxon, Trader, Jane Street, Patrick Ingram, Retirement and Investment Specialist, Parmenion and David Abner, Head of Europe, WisdomTree.