Archive for January 2014

UBS adds MSCI Australia and MSCI USA trackers to sterling-hedged ETF lineup

Jan 9th, 2014 | By
WisdomTree: Currency-hedged ETFs offer protection from Sterling recovery

UBS Global Asset Management has announced the listing of four new GBP-hedged exchange-traded funds (ETFs) on the London Stock Exchange. The ETFs track the MSCI Australia and MSCI USA indices and are available in both distributing and accumulating share classes. They are the first of their kind to be listed on the LSE. The new additions build on UBS’s existing GBP-hedged ETF lineup, which allows investors to gain exposure to a range of international markets whilst mitigating their currency risks against the British pound.


Market Vectors appoints ChinaAMC sub-advisor to RQFII China A-shares ETF

Jan 9th, 2014 | By
ChinaAMC acquires BMO’s Hong Kong-listed ETFs

Van Eck Associates, parent of exchange-traded fund provider Market Vectors ETFs, has appointed ChinaAMC as sub-advisor to the newly rebranded Market Vectors ChinaAMC A-Share ETF (PEK). ChinaAMC’s status as a Renminbi Qualified Foreign Institutional Investor (RQFII) will allow the Market Vectors ETF, formerly called the Market Vectors China ETF (PEK), to have direct exposure to physical China A-shares.


IFIA welcomes Irish-domiciled China A-shares ETF

Jan 9th, 2014 | By
IFIA welcomes Ireland-domicled China A-shares ETF

The Irish Funds Industry Association (IFIA) has welcomed the launch of the Irish-domiciled CSOP Source FTSE China A50 UCITS ETF, Europe’s first ETF to offer physical access to the China A-shares equity market. Commenting on the launch, Pat Lardner, CEO of the IFIA, said: “This is another significant milestone for the Irish funds industry. It is also a clear demonstration that Ireland and its funds industry remains ahead of the curve when it comes to enabling investment firms to broaden their distribution reach through innovative, well-structured and efficient products.”


AdvisorShares Peritus High Yield ETF earns 5-Star Morningstar Rating

Jan 9th, 2014 | By
AdvisorShares Peritus High Yield ETF (HYLD) hits $1 billion AUM landmark

AdvisorShares, a US-based sponsor of actively managed exchange-traded funds (ETFs), has announced that the AdvisorShares Peritus High Yield ETF (HYLD) has achieved a 5-Star Morningstar Rating for both its 3-year and overall risk-adjusted performances. The fund is managed by California-based Peritus Asset Management, a value-based active credit manager that specializes in fixed income opportunities in the corporate bond and loan market with a focus on the non-investment grade asset class.


Physical China A-shares ETFs go head to head

Jan 9th, 2014 | By
China Post Global launches low vol China A-Shares ETF in Europe

Source, one of Europe’s largest exchange-traded fund (ETF) issuers, has listed a physically replicated Chinese A-shares ETF on the London Stock Exchange. The listing follows hot on the heels of an announcement from Deutsche Asset & Wealth Management (DeAWM), which plans to list a similar product on 16th January.


UBS to launch currency hedged ETF series based on MSCI indices

Jan 8th, 2014 | By
UBS rolls out option-enhanced defensive equity ETFs

UBS Global Asset Management has licensed 27 currency hedged equity indices from MSCI for the launch of a new series of exchange-traded funds (ETFs) to be rolled out in Europe. Thomas Merz, Head of UBS ETFs Europe, commented: “By basing our physically replicated ETFs on a range of MSCI Hedged Indices, we are able to offer our clients a way to reduce currency risk and optimize portfolio returns in a transparent and cost-efficient way.”


EGA, TCW team up on duration-defined emerging market fixed income ETFs

Jan 8th, 2014 | By
New EGA ETF delivers emerging markets exposure via developed market companies

Emerging Global Advisors (EGA), the asset manager to the EGShares exchange-traded fund offering, and TCW Group, a global asset management firm, have teamed up to launch three emerging market fixed income ETFs on the NYSE Arca. The ETFs are the industry’s first to provide duration-defined exposure to USD-denominated investment grade emerging market sovereign and corporate bonds. All three funds are advised by EGA, sub-advised by TCW and track custom indices created and monitored by JP Morgan.


Capita, Clearstream collaborate to improve European ETF efficiency

Jan 8th, 2014 | By
A decade of changing sector exposure for European equities

Capita Asset Services and Clearstream, the post-trade services provider of Deutsche Börse Group, have joined forces to improve the issuance process for exchange-traded funds (ETFs) in Germany, one of Europe’s largest markets for ETFs. The streamlined issuance model, set to go live in Q1 2014, will contribute to meeting market demand for more efficient issuance for ETFs in Europe, where the development of the market lags far behind the US.


Commodity ETP assets suffer record fall in 2013 as gold loses shine

Jan 7th, 2014 | By
Gold ETF inflows YTD surpass any previous full calendar year

Global commodity exchange-traded product (ETP) assets declined by $78bn to $122bn in 2013, primarily on the back of a sharp decline in the gold price and outflows from gold ETPs, according to data published by ETF Securities. The decline in gold ETP AUM accounted for 91% of the decline in all commodity ETP assets in 2013. Non-gold commodity ETP outflows accounted for less than 1% of the AUM decline, highlighting investors’ more balanced views towards commodities other than gold.


Deutsche, Harvest to launch physical China A-shares ETF

Jan 6th, 2014 | By
DeAWM to create low cost suite of physical ETFs

Deutsche Asset & Wealth Management (DeAWM) and Harvest Global Investments are set to launch Europe’s first physically replicated exchange-traded fund (ETF) tracking China’s CSI 300 A-shares index, to be listed on the London Stock Exchange and Deutsche Börse. Reinhard Bellet, DeAWM’s Head of Passive Asset Management, commented: “Providing investors with the first European direct investment ETF on China’s key A-shares equity benchmark is a major achievement, and can be seen as a significant step in opening up the world’s second largest economy to European investors.”