Archive for April 2013
Apr 18th, 2013 |
By Simon Smith, CFA
Credit Suisse has added to its range of innovative exchange-traded notes (ETNs) with the launch of the Credit Suisse Silver Shares Covered Call ETN (SLVO), an ETN providing exposure to a covered call strategy on iShares Silver ETF (SLV). The new product, which is designed to pay out variable monthly coupons, is the second precious metals covered call strategy launched by Credit Suisse and follows the January launch of GLDI, an ETN tracking a similar strategy on gold.
Posted in Alternatives / Multi-Asset |
No Comments »
Tags: Alternatives, Commodities, Credit Suisse, ETF Industry News, ETF Launch, ETNs and ETCs, Gold and Precious Metals, iShares, Nasdaq OMX Indexes
Apr 16th, 2013 |
By Simon Smith, CFA
BlackRock has reported first quarter 2013 earnings of $632 million, or $3.62 a share, up 15% from a year ago. Revenue increased 9% to $2,449 million from the first quarter 2012, reflecting growth in markets, long-dated net new business and higher performance fees. iShares, the firm’s exchange-traded funds (ETF) division, continued to contribute strongly to earnings, generating 35% of total base fee revenue – the highest share of any business division – despite representing only 22% of assets under management.
Posted in ETF and Index News |
No Comments »
Tags: ETF Industry News, iShares, United States and Canada
Apr 15th, 2013 |
By Simon Smith, CFA
Exchange-traded funds (ETFs) and related exchange-traded products (ETPs) linked to the inverse performance of the gold price have surged over the past few weeks as the precious metal has tumbled following downgrades from a number of prominent research houses. One of the best performing ETPs in this space is the London-listed Boost Gold 3x Short Daily ETP (3GOS), which provides triple short exposure to the gold price. It is up 48.5% month-to-date on the back of the dramatic sell-off.
Posted in Commodities |
No Comments »
Tags: Alternatives, Boost ETP, Commodities, Direxion, ETF Securities, ETNs and ETCs, Gold and Precious Metals, Invesco, Leveraged and Inverse ETFs, Nasdaq OMX Indexes, ProShares, Themes and Strategy, VelocityShares
Apr 13th, 2013 |
By Simon Smith, CFA
Dividend payments from US-listed companies were up $14.5 billion during the first quarter of 2013, according to data from S&P Dow Jones Indices. The figure, which excludes special bonus dividends, suggests full-year dividend payments are on track to break the record set in 2012. The positive outlook for US dividends augurs well for dividend-focused exchange-traded funds (ETFs). And with yields on equities surpassing those available on government bonds and bank deposits, high-dividend ETFs look set to enjoy continued strong inflows.
Posted in Equities |
No Comments »
Tags: Equities, Global X Funds, iShares, S&P Dow Jones, SSGA SPDR, Themes and Strategy, United States and Canada, Vanguard
Apr 13th, 2013 |
By Simon Smith, CFA
Evercore Pan-Asset has celebrated the fourth anniversary of its model asset allocation portfolios. Launched in 2009, the London-based firm’s PanDynamic and bespoke model portfolio ranges, which exclusively use low-cost index trackers such as exchange-traded funds (ETFs), have proven very popular, attracting nearly 2,000 investors and more than £300m in assets.
Posted in ETF and Index News |
No Comments »
Tags: ETF Industry News, United Kingdom
Apr 11th, 2013 |
By Simon Smith, CFA
First Trust Advisors, a leading US provider of exchange-traded funds (ETFs), has entered the European ETF market with the launch of three “AlphaDEX” UCITS ETFs on the London Stock Exchange. The provider’s initial three European-domiciled ETFs will focus on UK, US and emerging market equities. Further launches are expected over time. The launch marks the first time First Trust’s highly successful AlphaDEX smart beta strategy has been available as an investment product outside of the US.
Posted in Equities |
2 comments
Tags: Emerging and Frontier, Equities, ETF Industry News, ETF Launch, First Trust, MSCI, United Kingdom, United States and Canada
Apr 11th, 2013 |
By Simon Smith, CFA
Deutsche Asset & Wealth Management (DeAWM), the investment management division of Deutsche Bank, has launched five new Asia-focused exchange-traded funds (ETFs) in Hong Kong. The launch includes the territory’s first ETFs to offer exposure to equity markets in Singapore, Bangladesh and Pakistan. The other two ETFs provide exposure to Philippines equities and Asian (excluding Japan) high-dividend-yielding stocks.
Posted in Equities |
No Comments »
Tags: Asia Pacific, DWS Xtrackers, Emerging and Frontier, Equities, ETF Industry News, ETF Launch, High Income, MSCI
Apr 11th, 2013 |
By Simon Smith, CFA
Markit, a leading provider of fixed income indices, has announced the launch of the Markit iBoxx US Non-Agency RMBS Indices, a family of cash bond indices based on a portfolio of US non-agency Residential Mortgage-Backed Securities (RMBS). The new indices provide market participants with a means to assess the returns of the US non-agency RMBS market and are well suited for use a fund benchmarks and underlyings for index-linked products such as exchange-traded funds (ETFs).
Posted in ETF and Index News |
No Comments »
Tags: Barclays, DWS Xtrackers, ETF and Index News, Fixed Income, FTSE, Markit, MTS Indices, ProShares, United States and Canada
Apr 11th, 2013 |
By Simon Smith, CFA
Direxion, a leading US-based provider of alternative exchange-traded funds (ETFs), has launched two new leveraged equity ETFs on the NYSE Arca, the Direxion Daily Brazil Bull 3x Shares ETF (BRZU) and Direxion Daily South Korea Bull 3x Shares ETF (KORU).
Posted in Alternatives / Multi-Asset |
No Comments »
Tags: Direxion, Emerging and Frontier, Equities, ETF Industry News, ETF Launch, Latin America, Leveraged and Inverse ETFs, MSCI
Apr 9th, 2013 |
By Simon Smith, CFA
Alerian, the index provider to the JPMorgan Alerian MLP Index ETN (AMJ) and Alerian MLP ETF (AMLP), has unveiled two new indices tracking the North American energy infrastructure and Master Limited Partnership (MLP) sectors. The newly launched Alerian Energy Infrastructure Index and the Alerian MLP Equal Weight Index provide investors with new benchmarks encompassing a broader range of capitalisation, asset, and geographic exposure.
Posted in ETF and Index News |
No Comments »
Tags: Alternatives, Equities, ETF and Index News, ETNs and ETCs, JP Morgan, United States and Canada