Archive for March 2015

Source introduces currency-hedged versions of JPX-Nikkei 400 ETF

Mar 16th, 2015 | By
Source introduces currency-hedged versions of JPX-Nikkei 400 ETF

Source has introduced USD- and EUR-hedged share classes for its Source JPX-Nikkei 400 UCITS ETF. The currency-hedged share classes will enable US dollar- and euro-based investors to gain exposure to this increasingly important equity benchmark while mitigating the adverse effect of a depreciating yen. Unveiled in 2013, the JPX-Nikkei 400 Index provides broad exposure to Japanese stocks whilst focusing on companies with the potential to generate shareholder value. The index was developed by Nikkei and the Japan Exchange Group, and selects stocks on the basis not only of size but also return on equity, operating profit, transparency and corporate governance.



European ETF assets near $500 billion mark

Mar 16th, 2015 | By
WisdomTree: Why you can't afford to miss European small caps

Assets invested in European listed ETFs and ETPs are on course to surpass $500 billion having reached a new record high of $494 billion at the end of February 2015. According to data from industry consultants ETFGI, ETFs/ETPs listed in Europe saw net inflows of $12.49 billion in February, the second highest month of net new assets on record after a record $14.25 billion of net inflows the previous month. iShares gathered the largest net ETF/ETP inflows in February with $5.67 billion, followed by Lyxor Asset Management with $2.03 billion and Deutsche Asset & Wealth Management with $1.35 billion.



WisdomTree surpasses $50 billion in assets under management

Mar 11th, 2015 | By
Jonathan Steinberg, WisdomTree CEO and President.

WisdomTree Investments has announced that assets under management have surpassed $50 billion. WisdomTree launched its first ETFs in June of 2006 and has reached the milestone in under ten years’ time. The company’s approach to ETFs includes innovation at the index level such as fundamentally weighted ‘smart beta’ and currency hedged equity ETFs based on proprietary indices. Jonathan Steinberg, WisdomTree CEO & President, said: “I believe the movement to ETF investing is a structural, universal and irreversible trend because the characteristics of the ETF – transparency, liquidity and tax efficiency – are the qualities essential to a positive investing experience.”



Lyxor expands Euro govies range with ultra long-duration ETF

Mar 11th, 2015 | By
Lyxor expands Euro govies range with ultra long-duration bond ETF

Lyxor Asset Management has announced the launch of an exchange-traded fund providing access to ultra long-duration eurozone bonds. The ETF, which has been listed on Euronext Paris, is linked to the FTSE MTS Eurozone Government Bond IG 25Y+ Index, an index tracking the performance of investment-grade eurozone governments bonds with a maturity of 25 years or more and a minimum outstanding size of EUR 2 billion. Arnaud Llinas, Head of Lyxor ETFs and Indexing, said: “Lyxor is always looking for new investment opportunities to meet investor needs and is expanding its fixed income ETF range accordingly.”



Ossiam adds income-distributing share class to FTSE 100 Minimum Variance ETF

Mar 11th, 2015 | By
Ossiam adds income-distributing share class to FTSE 100 Minimum Variance ETF

Ossiam, a leading provider of smart beta exchange-traded funds, has introduced a distributing share class to the Ossiam FTSE 100 Minimum Variance UCITS ETF in response to investor demand. The fund, which holds a five-star Morningstar rating and has since inception outperformed the FTSE with lower volatility, is listed on the London Stock Exchange and based on the FTSE 100 Minimum Variance Index. This index is designed to minimise the volatility of the FTSE 100 based on historical return information, including the variance and correlations of constituents, thereby offering potential improvements to the risk reward trade-off of the index.



UBS unveils currency-hedged commodities ETF

Mar 10th, 2015 | By
UBS introduces gender equality ETF

UBS Global Asset Management has expanded its line-up of currency-hedged exchange-traded funds with the launch of the GBP-hedged UBS ETF (IE) CMCI Composite hedged GBP SF UCITS ETF (UC90) on the London Stock Exchange. The ETF is linked to the Bloomberg CMCI Composite Total Return index, a second-generation index which extends beyond use of short-dated futures contracts and diversifies investment across the maturity curve. The index is diversified across 26 commodities and five maturities. UBS is largest provider of currency-hedged ETFs in Europe.



Global ETF assets approach $3 trillion as industry turns 25

Mar 10th, 2015 | By
Manulife Investments launches two new multi-factor ETFs

Assets invested in ETFs/ETPs globally are just shy of the $3 trillion mark, having reached a new record high of $2.92 trillion at the end of February 2015, according to data from ETFGI. The record high coincides with the 25th anniversary of the listing of what is widely regarded as very first exchange-traded fund, the Toronto 35 Index Participation Fund, which launched on the Toronto Stock Exchange on 9 March 1990. “Twenty-five years marks an important milestone for the ETF industry which has grown significantly on many measures”, said Deborah Fuhr, managing partner of ETFGI.



BlackRock slashes price of flagship iShares FTSE 100 ETF (ISF)

Mar 10th, 2015 | By
BlackRock slashes price of flagship iShares FTSE 100 ETF (ISF)

BlackRock has cut the price of two iShares UK equities exchange-traded funds, including the country’s oldest and largest FTSE 100 ETF. The price of flagship income-distributing iShares FTSE 100 UCITS ETF (Dist) (ISF) has been reduced from 40 basis points to seven basis points. This fund was the first ETF to list on the London Stock Exchange, in April 2000, and has some £3.8 billion assets under management. Fergus Slinger, head of UK sales at iShares, said: “The ETF market throughout Europe is growing hugely, and today’s changes are about ensuring the demand UK investors have for ETFs is met with the right products at the right price.”



Boost’s triple leveraged oil ETP (3OIL) closes in on $100m mark

Mar 5th, 2015 | By
Boost’s triple leveraged oil ETP (3OIL) closes in on $100m mark

Short and leveraged exchange-traded product specialist Boost has revealed that its triple leveraged oil product has enjoyed a surge of interest in recent weeks, with assets under management in the product just a rally away from reaching the milestone mark of $100m in assets. As at the time of writing, the Boost WTI Oil 3x Leverage Daily ETP (3OIL) had $87.8m in assets, meaning a relatively small amount of inflows or market gains could lift the product above the psychologically important $100m threshold. The ETP, which traded $273m in February, is listed on the London Stock Exchange, Borsa Italiana and Deutsche Börse’s Xetra platform.



Pace of ETF asset gathering in 2015 is fastest start to year on record: BlackRock

Mar 5th, 2015 | By
European ETF AUM grows by record amount in January

Global ETP flows of $50.0bn in February represented the fourth best month on record and lifted the year-to-date total to $62.3bn, the best start to the year on record. Over the past month, investors favoured non-US equity and corporate bonds over relatively safer categories. Pan-European equity exposures brought in a new monthly high of $8.9bn, helped by the ECB QE announcement and a weaker euro. Fixed income flows strengthened to $17.8bn led by a new monthly record of $5.2bn for high-yield corporate bonds. Emerging markets equity funds showed signs of stabilization, gathering $2.7bn. US stocks rallied and US equity ETP flows rebounded to $3.9bn after heavy redemptions in January.