Archive for August 2013

KraneShares launches China internet ETF

Aug 5th, 2013 | By
KraneShares launches China internet ETF

KraneShares, which only last month made its exchange-traded fund (ETF) debut, has launched its second new fund: the KraneShares CSI China Internet ETF (KWEB). The fund, which has been listed on the Nasdaq Stock Market, provides exposure to Chinese internet and internet-related companies. Brendan Ahern, Managing Director of KraneShares, said: “We see two powerful demographic trends driving China’s internet sector: since 2000, internet spending by urban Chinese has increased 14% annually, and China’s rural population continues to migrate to urban areas, further fueling internet usage.”


VelocityShares introduces equal risk weighted S&P 500 ETF

Aug 4th, 2013 | By
VelocityShares introduces first 4x leveraged ETPs to US

VelocityShares, a US-based developer of exchange-traded products, has launched the VelocityShares Equal Risk Weighted Large Cap ETF (ERW), an innovative new fund providing an alternative to traditional low volatility and market cap-weighted equity ETFs. Nick Cherney, Chief Investment Officer and Co-founder of VelocityShares, said: “Investors are interested in low volatility equity portfolios, and equal risk weighting represents an important step forward as a means of intelligently allocating to low volatility stocks.”


Boost boosted by $57m notional short ETP trade

Aug 4th, 2013 | By
Boost launches leveraged volatility and emerging markets ETPs on Borsa Italiana

Boost ETP, a London-based provider of short and leveraged exchange-traded products (ETPs), received a significant boost late last month when a single investor traded $19 million of the Boost Euro Stoxx 50 3x Short Daily ETP (3EUS), the equivalent to a total notional exposure value of $57 million. The magnitude of the trade, which may have been executed to hedge a large existing position or to profit from a pullback in European equities, further reflects the growing acceptance of short and leveraged ETPs as a viable alternative to derivatives.


S&P Dow Jones unveils Brazilian dividend income indices

Aug 4th, 2013 | By
S&P Dow Jones unveils Brazilian dividend income indices

Index giant S&P Dow Jones Indices has added to its expanding equity income offering with the launch of the S&P Brazil Dividend Indices, a new family of indices tracking the performance of dividend-paying securities focused on the Brazilian market. The index family is composed of three different indices offering a range of exposures from dividend stability to pure high yield to small- and mid-cap stocks.


Traditional fund managers poised to capitalise on active ETFs

Aug 4th, 2013 | By
Traditional fund managers poised to capitalise on active ETFs

Despite declining fund use among advisors, traditional mutual fund managers, particularly large fund complexes, are poised to play a leading role in the next phase of the exchange-traded fund (ETF) revolution – the rollout of active ETFs – according to a report from Cogent Research. As interest in active ETFs builds, it appears that traditional fund managers are well positioned to capture (or retain) a portion of future active ETF flows.


LocalShares rolls out debut city-based ETF

Aug 4th, 2013 | By
LocalShares rolls out debut city-based ETF

LocalShares, a newly launched provider of exchange-traded funds focused on the potential of geographic locations, such as American cities, has rolled out its debut ETF: the Nashville Area ETF (NASH). Listed on the NYSE Arca, the fund provides exposure to publicly-traded companies located in the Nashville, Tennessee area. The fund becomes the world’s first city-based ETF – not counting ETFs based on the city-state of Singapore – and represents yet another landmark in ETF innovation.