Latest news

Singapore Exchange and Thomson Reuters team up to launch SGD bond indices

Nikko launches first ETF tracking Asia REITs

Nikko Asset Management has launched a new ETF on the Singapore Exchange that tracks the performance of Asian real estate investment trusts (REITs) – the Nikko AM-Straits Trading Asia ex-Japan REIT ETF (SGX: CFA). Phillip Yeo, International Head of Product Development at Nikko AM, said: “We are pleased to collaborate with FTSE Russell to launch the first Asian REIT ETF in the world. The index is of high quality because of the stringent index methodology and at the same time, high appeal because of the rich dividend content in the constituent REITs.”

IFAs expecting strong growth in ETFs, finds Source

IFAs expecting strong growth in ETFs, finds Source

A majority of IFAs (56%) expect assets under management in exchange-traded funds globally to rise further in 2017, according to research from Source. Only 3% of IFAs surveyed reported an expected decrease in global ETF assets during the year while just over a quarter (26%) expect it to stay the same. The findings follow record in-flows of $389 billion into ETFs in 2016.

Morningstar reports strong growth in ETF Managed Portfolios

Morningstar reports healthy growth in ETF Managed Portfolios

Investment research firm Morningstar has published the latest instalment of its ETF Managed Portfolios Landscape Report. The report, which covers the fourth quarter of 2016 and tracks 881 strategies from 162 US-based firms, found that total assets in these strategies increased 2.2% over this period to $86.7 billion. The strong net gatherings of $1.9bn marks the fourth consecutive quarter of growth in the US ETF managed portfolios space.

Herb Morgan, Founder, CEO and CIO of Efficient Markets Advisors.

Cantor Fitzgerald acquires ETF strategist Efficient Market Advisors

Cantor Fitzgerald Investment Advisors has announced the acquisition of the asset management businesses of Efficient Market Advisors, a registered investment advisory firm and leading ETF strategist platform with approximately $1.1 billion in assets under advisement. Herb Morgan, Founder, CEO and CIO of Efficient Markets Advisors, commented: “We are thrilled to join forces with one of the world’s most storied and dynamic financial service brands and marry our sought-after investment approach with the depth and breadth of Cantor Fitzgerald’s financial services platform.”

Equities

Barron’s 400 ETF increases large cap exposure following semi-annual review

Barron’s 400 ETF increases large cap exposure following semi-annual review

The Barron’s 400 ETF (NYSE: BFOR) has increased its allocation to large-caps following the latest review of the Barron’s 400 Index. Co-created by US financial journal Barron’s, and equity indexing firm MarketGrader, the index tracks 400 US companies with strong financial statements and attractive share prices. Carlos Diez, CEO of MarketGrader said: “While the index still leans towards [mid caps], the increase in large-caps reflects the selective ‘growth at a reasonable price’ opportunities that have opened up in the large company segment.”

Commodities

ProShares launches triple inverse and leveraged crude oil ETFs

ProShares launches inverse and leveraged crude oil ETFs

ProShares has launched two new ETFs providing triple leveraged and triple inverse leveraged access to West Texas Intermediate crude oil. The ProShares UltraPro 3x Crude Oil ETF (NYSE: OILU) and ProShares UltraPro 3x Short Crude Oil ETF (NYSE: OILD) track the daily performance of the Bloomberg WTI Crude Oil Subindex, providing 3x and -3x exposure respectively.

Fixed Income

Shenzhen and Luxembourg launch new green bond index series

Shenzhen and Luxembourg launch new green bond index series

The Shenzhen Stock Exchange and the Luxembourg Stock Exchange have launched a green bond index series, including the first Chinese green bond index to provide synchronous quotes between China and Europe. The new index series will act as a market benchmark for the increasingly mainstream green bond market in China, and may serve to underlie future investment products including exchange-traded funds.

Alternatives / Multi-Asset

Brad Lamensdorf, Founder of Active Alts

Active Alts launches contrarian ‘short squeeze’ ETF

Active Alts has launched the Active Alts Contrarian ETF (Nasdaq: SQZZ), an actively managed ETF that pursues a contrarian ‘short squeeze’ strategy by investing in companies with solid fundamentals that have very large short positions. Brad Lamensdorf, Founder of Active Alts, commented: “Because of changing market conditions or smart management moves, highly shorted securities may have promising fundamentals, creating the potential for a profitable short squeeze.”

ETF and Index News

Henry Cobbe, Head of Copia Capital Management

Copia launches decumulation retirement portfolios built with iShares ETFs

Copia Capital Management, the discretionary fund management division of Novia Financial, has launched a range of ETF managed portfolios purpose-built for decumulation of assets during retirement. The portfolios are designed to mitigate what is considered to be the key retirement concern – shortfall risk, the risk of running out of money. Henry Cobbe, Head of Copia Capital Management, said: “Decumulation is very different from accumulation. It has different objectives, different risks and requires a different investment approach. We don’t think it is right to recycle old thinking into this new world.”