Latest news

Amundi to launch S&P 500 buyback ETF

First Trust planning changes to US dividend ETF

First Trust Portfolios Canada is planning to change the name and underlying index of the First Trust AlphaDEX US Dividend ETF (CAD-Hedged) (TSX: FUD), a fund which gives investors exposure to US large-cap equities that pay higher-than-average dividends.

UBS launches MSCI socially responsible Switzerland ETF on SIX

UBS launches MSCI socially responsible Switzerland ETF on SIX

UBS has launched the UBS MSCI Switzerland IMI SRI ETF (CHSRI) on SIX Exchange, providing total market exposure to Swiss-listed equities while avoiding those companies which are perceived to be negatively impacting society.

Goldman Sachs launches equal-weight US large cap ETF

Goldman Sachs launches equal-weight US large cap ETF

Goldman Sachs has introduced the Goldman Sachs Equal Weight US Large Cap Equity ETF (Bats: GSEW) which provides access to the 500 largest US-listed equities while mitigating some of the biases inherent in traditional market cap-weighted indices.

BlackRock expands iShares corporate bond ETF suite

BlackRock expands iShares corporate bond ETF suite

BlackRock has continued to build out its range of ETFs offering exposure to corporate bonds with the launch of three new funds. Two of the funds offer exposure to the intermediate and long-term maturity segments of the investment grade corporate bond universe, while the third launch is a target-maturity fund.

ETF assets reach new record high in Asia Pacific (ex-Japan)

ETF assets reach new record high in Asia Pacific (ex-Japan)

Assets invested in ETFs/ETPs listed in Asia Pacific (ex-Japan) have reached a new record high of $155 billion as of the end of August 2017, according to ETF industry consultant ETFGI.

IndexIQ adjusts fees on a range of ETFs

Moody’s investigates effects of smart beta ETF price war

The ongoing price war in smart beta ETF fees has the potential to negatively impact the credit ratings of traditional active asset managers as well as smart beta ETF providers, according to credit rating agency Moody’s.

Smart Beta & Factor Correlations to the S&P 500

Smart Beta & Factor Correlations to the S&P 500

By Nicolas Rabener, Founder, FactorResearch.

In our recent research note “Smart Beta vs Factors in Portfolio Construction” we concluded there was no improvement in returns or decrease in drawdowns, compared to an improvement in the risk-return ratio when using Value & Growth factor exposures. However, the question remains if any of these offer diversification benefits, which is one of the few free lunches in the investment world.

Equities

Daiwa to roll out three ESG-focused ETFs on Tokyo Stock Exchange

Daiwa to roll out three ESG-focused ETFs on Tokyo Stock Exchange

Tokyo-based Daiwa Asset Management is planning to launch three new ETFs in Japan – the Daiwa MSCI Japan ESG ETF, Daiwa Japan Empowering Women ETF, and Daiwa FTSE Blossom Japan ETF. Each fund will provide exposure to locally listed equities while utilizing an environmental, social and governance (ESG) stock screening process. They are due to begin trading on Tuesday 26 September 2017.

Jay Jacobs, director of research of Global X.

Global X launches preferred stock ETF

Global X has launched the Global X US Preferred ETF (BATS: PFFD) providing broad exposure to the income-orientated US preferred asset class. Jay Jacobs, director of research at Global X, commented: “Preferreds have attractive yields that set them apart from other traditional income-generating asset classes like investment grade bonds and REITs.”

Commodities

Precious metals ETFs lose their lustre

WisdomTree: Gold may climb to $1,400/oz in near term

Gold ETPs could be set to benefit from a spike in the gold price, according to new market commentary from WisdomTree. Nazim Hamid, ETF strategist at WisdomTree thinks the spot gold price could climb as high as $1,400 in the near term, due to political uncertainty and increased interest from hedge funds.

Hurricane Harvey ETFs ETF Securities

Heating oil and gasoline ETPs hit two-year highs in Hurricane Harvey’s wake

Harvey, the first category three hurricane to make landfall in the US since 2005, has sent the prices of ETPs tracking heating oil and gasoline to their highest levels since summer 2015 after the storm damaged a third of US oil refineries when it swept through the Gulf Coast at the end of August.

Fixed Income

Fran Rodilosso, head of fixed income ETF portfolio management at VanEck.

VanEck: Real yields rule – emerging markets local bonds lead the way

By Fran Rodilosso, head of fixed income ETF portfolio management.

Looking for attractive yields? Look no further than emerging markets local currency bonds. These bonds provide significantly higher yields than those offered by developed markets bonds, both in nominal terms and in real terms. While higher yields often mean greater credit risk, local inflation levels can be a greater contributor to the nominal yields of emerging markets bonds.

Goldman Sachs launches smart beta high yield corporate bond ETF

Goldman Sachs launches smart beta HY corporate bond ETF

Goldman Sachs Asset Management (GSAM) has launched the Goldman Sachs Access High Yield Corporate Bond ETF (NYSE Arca: GHYB), offering smart beta exposure to US dollar-denominated high yield corporate bond markets.

Alternatives / Multi-Asset

UBS launches currency-hedged US multifactor ETF on SIX

UBS launches currency-hedged US multifactor ETF on SIX

UBS has listed three share classes of the UBS MSCI USA Select Factor Mix ETF on Switzerland’s SIX Exchange, providing currency-hedged multifactor exposure to US equities. The three share classes offer investors the choice of currency hedging between the US dollar and sterling, euros, or swiss francs.

Commerzbank cross-lists multi-asset ETF to SIX Exchange

Commerzbank cross-lists multi-asset ETF to SIX Exchange

Commerzbank has cross-listed the ComStage Vermögensstrategie (asset strategy) UCITS ETF onto Switzerland’s SIX Exchange. The passively-managed multi-asset ETF offers investors a one-ticket portfolio solution by investing in a broadly diversified mix of asset classes.

ETF and Index News

MSCI reports fear of extreme events rising higher

MSCI reports fear of extreme events rising higher

By George Bonne, executive director of equity factor research, MSCI.

In May, we wrote that despite the generally low market volatility that has prevailed this year, investors were paying relatively high prices for downside protection as measured by “options skew” – the difference in implied volatility between an out-of-the-money option and an at-the-money option. Low market volatility largely continued through the summer, but how has options skew behaved – has it fallen to more “normal” levels?

Solactive launches US investment grade corporate bond index

Solactive launches US large cap equal weight index

Solactive has launched the Solactive US Large Cap Equal Weight Index, a new index that tracks an equal weight exposure to the US large-cap equity segment. The index will include the 500 largest US-domiciled equities and will underlie the forthcoming Goldman Sachs Equal Weight US Large Cap Equity ETF (Bats: GSEW). Steffen Scheuble, CEO of Solactive, said: “We’re excited to once again serve as an index provider to Goldman Sachs through the creation of such a timely and unique index.”