Archive for November 2014

Boost launches triple leveraged gilts ETP on LSE

Nov 26th, 2014 | By
European ETF industry flourishes in 2017 with 40% AUM growth

Boost, a leading European provider of short and leveraged exchange-traded products and a division of WisdomTree, has listed Europe’s first ever triple leveraged gilts ETP. Listed on the London Stock Exchange, the Boost Gilts 10Y 3x Leverage Daily ETP (3GIL) provides three times geared exposure to 10-year UK government bonds. Hector McNeil, Co-CEO of WisdomTree Europe, said: “We are very pleased to bring Europe’s first 3x leverage Fixed Income ETP, 3GIL, to Europe. Along with the recently listed Boost Gilts 10Y 3x Short Daily ETP (3GIS), the two ETPs provide investors the ability to trade both rising and falling Bank of England interest rates.”

WisdomTree lists two emerging markets dividend ETFs on LSE

Nov 21st, 2014 | By
Boost launches leveraged volatility and emerging markets ETPs on Borsa Italiana

WisdomTree has rolled out two more fundamentally-weighted ETFs on the London Stock Exchange, this time providing exposure to dividend-paying emerging market stocks. The funds – the WisdomTree Emerging Markets Equity Income UCITS ETF (DEM) and WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (DGSE) – take the total number of WisdomTree ETFs listed on the LSE to six. Nik Bienkowski, Co-CEO of WisdomTree Europe, said: “We are extremely proud to expand WisdomTree’s platform of UCITS ETFs with two new ETFs providing exposure to emerging market small-caps and emerging market equity income.”

SSgA launches first European ETF to provide short maturity EM bond exposure

Nov 14th, 2014 | By
SSGA rolls out 10 SPDR MSCI World Sector ETFs on Euronext London

State Street Global Advisors, the asset manager behind the SPDR ETFs brand, has announced the launch of the SPDR BofA Merrill Lynch 0–5 Year EM USD Government Bond UCITS ETF (ZPR5). The Deutsche Börse-listed ETF is the first European ETF to provide exposure to short maturity emerging market government debt issued in US dollars. Commenting on the launch, Alexis Marinof, head of SPDR ETFs EMEA, said: “This new ETF captures the global investment universe of short maturity emerging market bonds and adds to our existing emerging market fixed income capabilities.”

SEC approves Eaton Vance’s non-transparent ETF structure

Nov 10th, 2014 | By
SEC approves non-transparent active ETF structure

Non-transparent ETFs moved a step closer in the US last week after the SEC approved a request by Nasdaq to adopt a new rule governing the listing and trading of a new fund structure devised by Eaton Vance called the exchange-traded managed fund (ETMF). ETMFs, which will come to market branded as NextShares, are effectively a hybrid between conventional actively managed mutual funds and ETFs. Thomas E. Faust Jr, Chairman and Chief Executive Officer of Eaton Vance, said: “The approval of Nasdaq’s rule change request for NextShares caps a pivotal two days in the development of NextShares. We look forward to continuing our collaboration with Nasdaq to bring NextShares to market.”

Source launches biotech ETF

Nov 10th, 2014 | By
Source launches biotech ETF

Source, a leading provider of exchange-traded funds, has announced the launch of the Source Nasdaq Biotech UCITS ETF (SBIO), the first Europe-listed ETF to track the Nasdaq Biotechnology Index. “Source is launching this product in direct response to investor demand,” said Source CEO Ted Hood. “While there are some large, actively managed biotech funds available to Europe investors, passive options are limited. There are several ETFs, including our own, tracking the US Health Care sector, but we see many investors looking for more focused biotech exposure.”

Source registers 59 ETFs in Spain

Nov 5th, 2014 | By
Source registers 59 ETFs in Spain

Source, a London-headquartered provider of exchange-traded funds, has announced that 59 of its ETFs have been registered with the Comisión Nacional del Mercado de Valores (CNMV), Spain’s securities market regulator, making them available for public distribution across the country. The range of ETFs now available to Spanish investors features strategies developed together with Goldman Sachs, JP Morgan, Man GLG, Morgan Stanley and Nomura, and includes so-called ‘smart beta’ strategies that provide alternatives to investing on a traditional market capitalisation weighted basis.

Invesco PowerShares launches global buyback ETF

Nov 3rd, 2014 | By
Research reveals growing demand for smart beta investments

Invesco PowerShares, a leading global provider of exchange-traded funds, has announced the launch of the PowerShares Global Buyback Achievers UCITS ETF (BUYB). The fund, which has been listed on the London Stock Exchange, with European cross-listings planned for coming weeks, invests in companies that have bought back at least 5% of their own shares in the previous twelve months or most recent fiscal year. Bryon Lake, Head of Invesco PowerShares, EMEA, commented: “This new product offers an innovative yet simple factor-based way to invest in global equities.”