Archive for February 2015

1,000th ETF listed on SIX Swiss Exchange

Feb 25th, 2015 | By
Deutsche cross-lists six US sector ETFs to SIX

The number of exchange-traded fund listings on SIX Swiss Exchange has surpassed 1000. The Zurich-based exchange has reached the milestone 15 years after the first ETF was listed on the exchange. “We are proud of reaching this milestone, and we would like to thank our issuers for the trust they show in us with each product launched,” commented Danielle Mair, ETFs & ETPs Sales Manager for SIX Swiss Exchange. Since SIX Swiss unveiled its dedicated ETF segment in 2000 the number of products has grown steadily. Last year proved to be particularly strong, with 162 new products listed, including 50 in the final quarter alone.



Deutsche AWM launches Europe’s first ETF providing exposure to Saudi Arabia

Feb 24th, 2015 | By
Deutsche AWM launches Europe’s first ETF providing exposure to Saudi Arabia

Deutsche Asset & Wealth Management has listed Europe’s first ETF to provide equity exposure to Gulf states including Saudi Arabia. The db x-trackers MSCI GCC Select Index UCITS ETF tracks the equity markets of all the Gulf Cooperation Council (GCC) countries, with a 65% weighting to Saudi Arabia. The other countries in the GCC are Bahrain, Qatar, Kuwait, Oman and the United Arab Emirates. Manooj Mistry, Deutsche AWM’s head of exchange-traded products, EMEA, said: “The Saudi Arabian stock market has traditionally been difficult for foreign investors to access, so the launch of an index tracker providing exchange-traded exposure to all the GCC countries is a significant step forward.”



QE propels WisdomTree’s European hedged equity ETF through $10 billion mark

Feb 24th, 2015 | By
WisdomTree launches China equity and global balanced income ETFs

The WisdomTree Europe Hedged Equity ETF (HEDJ) has shot through the $10 billion AUM milestone on the back of the European Central Bank’s recent announcement to embark on a €60 billion-a-month quantitative easing programme. Having already enjoyed record inflows of $5 billion last year, the NYSE Arca-listed exchange-traded fund pulled in further $3 billion of inflows in January alone, more than any other ETF during the period and much of it following the ECB’s QE statement. The underlying strategy coupled with the prospect of a weaker euro is behind the fund’s success.



Staying focused on Japanese equities, says iShares’ Cohen

Feb 24th, 2015 | By
Stephen Cohen, head of fixed income beta at BlackRock

Japanese stocks are up more than 60% in local currency terms over the last two years and there is potential for further gains this year, according to Stephen Cohen, chief investment strategist for iShares EMEA. Cohen says the market’s focus this year has been geared towards Europe, but Japanese stocks have moved steadily higher, and few investors have noticed. He identifies four factors that could spur a further rally in Japanese equities. As always, he suggests investors look at the direction of the Yen and use a currency-hedged approach.



GreenHaven unveils coal ETP

Feb 24th, 2015 | By
GreenHaven unveils coal ETF

GreenHaven, a US-based commodities asset manager, has announced the launch of the GreenHaven Coal Fund (TONS), the first exchange-traded product designed to offer investors exposure to daily changes in the price of coal futures contracts. The fund has been listed on the NYSE Arca. Commenting on the launch, Cooper Anderson, Chief Financial Officer of GreenHaven Coal Services, the fund’s sponsor, said: “As the first single-commodity coal ETP, TONS offers investors access to a global market that before now has generally been accessible only to institutions and traditional coal companies”



SSGA launches four value-weighted smart beta ETFs

Feb 19th, 2015 | By
SSGA launches four MSCI Value Weighted smart beta ETFs

State Street Global Advisors has announced the launch of four smart beta ETFs, linked to MSCI Value Weighted indices, designed to capture the value premium across European and US broad-market and small-cap equity market segments. The ETFs follow a methodology that reweights all stocks from the relevant parent MSCI World sub-index based on four financial metrics – sales, book value, earnings and cash earnings. Using these measures, the indices are tilted towards those stocks with the cheapest valuations, with the aim of providing superior risk-adjusted performance while maintaining the strong investability and capacity features of their parent cap-weighted indices.



Lyxor rolls out GBP and USD currency-hedged versions of JPX-Nikkei 400 ETF

Feb 19th, 2015 | By
WisdomTree: Abe's landslide means Japanese equities deserve higher PE

Lyxor, one of Europe’s leading providers of exchange-traded funds, has introduced two new currency-hedged share classes for its highly successful JPX-Nikkei 400 ETF. Primarily aimed at US dollar and pound sterling-based investors, the new share classes, Lyxor UCITS ETF JPX-Nikkei 400 Daily Hedged C-USD (JPX) and Lyxor UCITS ETF JPX-Nikkei 400 Daily Hedged C-GBP (JPXX), provide daily USD- and GBP-hedged exposure, respectively, to the JPX-Nikkei 400 index. Listed on the London Stock Exchange, the additional share classes follow the previous launch, on 2nd February 2015, of a EUR-hedged share class on Euronext Paris.



Stoxx expands smart beta offering with Sharpe ratio index family

Feb 19th, 2015 | By
Stoxx expands smart-beta offering with Sharpe ratio index family

Stoxx, a leading European index provider, has unveiled the Stoxx Sharpe Ratio Indices, a first-of-its-kind index family that selects components according to their Sharpe ratio. The indices, which fall squarely into the “smart beta” camp, have been designed for use as underlyings to index-linked investment products such as ETFs or as benchmarks for actively managed funds. The inaugural line-up comprises global and regional indices which include stocks from their respective parent benchmarks that have the highest Sharpe ratios, while excluding those with low dividend yields and low liquidity.



Ossiam launches Shiller Barclays CAPE Sector Value Europe ETF

Feb 17th, 2015 | By
New BMO ETF introduces Shiller CAPE strategy to Canada

Ossiam, a leading provider of smart beta investment solutions, has teamed up with Barclays to launch the Ossiam Shiller Barclays CAPE Europe Sector Value TR UCITS ETF. The fund, which has been listed on the London Stock Exchange, is the first ETF globally to be based on the Shiller Barclays CAPE Sector Indices. The Shiller Barclays CAPE Sector Indices, developed jointly by Barclays and Nobel Prize-winning economist Professor Robert Shiller, use the Cyclically Adjusted Price-to-Earnings (CAPE) ratio as a valuation driver in a sector rotational strategy.



UBS unveils USD-hedged MSCI EMU ETF

Feb 17th, 2015 | By
UBS unveils USD-hedged MSCI EMU ETF

UBS Global Asset Management has listed a new ETF offering investors the opportunity to invest in equities from Eurozone countries with US dollar currency hedging. The ETF, the UBS ETF (LU) MSCI EMU hedged USD UCITS ETF (USD) A-dis (UC89), has been listed on the London Stock Exchange and is linked to the MSCI EMU 100% Hedged to USD Index. The index represents a close estimation of the performance that can be achieved by hedging the currency exposure of its parent index, the MSCI EMU Index, to the USD, the home currency for the hedged index. The index is 100% hedged to the USD by selling the EUR forward at the one-month Forward rate.