Archive for November 2016
Nov 16th, 2016 |
By James Lord, CFA
Global X Funds has launched the Global X MSCI SuperDividend EAFE ETF (Nasdaq: EFAS), offering equal-weight exposure to the performance of 50 firms listed in either Europe, Australia or the Far East with the highest dividend yields. The fund is the seventh ETF in Global X’s ‘SuperDividend’ suite. Jay Jacobs, Director of Research at Global X, commented: “We see tremendous value in the high dividend segment of developed international markets and we’re proud to offer investors EFAS, which provides efficient exposure to these equities.”
Posted in Equities |
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Tags: Asia Pacific, Equities, ETF and Index News, ETF Industry News, ETF Launch, Europe, Global, Global X Funds, High Income, High Yield, iShares, MSCI, Smart Beta
Nov 16th, 2016 |
By James Lord, CFA
Deutsche Asset Management has launched two strategic beta exchange-traded funds which provide access to US and eurozone equities while using a portfolio optimization process to minimize total volatility. Martin Weithofer, Deutsche Asset Management’s Head of Strategic Beta, commented: “The expansion and evolution of our strategic beta suite of products this year, and the launch of our new minimum volatility ETFs, places us in a strong position to become the leading provider of strategic beta ETFs in Europe.”
Posted in Equities |
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Tags: DWS Xtrackers, Equities, ETF and Index News, ETF Industry News, ETF Launch, Europe, Smart Beta, United States and Canada, Volatility
Nov 16th, 2016 |
By James Lord, CFA
By Gene Frieda, Global Strategist at PIMCO.
For much of 2016, a unique alignment of push and pull factors has driven strong performance in emerging markets (EM). The election of Republican Donald Trump and Republican majorities in the US Congress on 8 November, however, represents a pivot point: These factors may become more divergent and create a more challenging landscape for EM, with the potential for fiscal stimulus in the US, a more hawkish Federal Reserve and protectionist trade policies.
Posted in Equities |
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Tags: Currencies, Emerging and Frontier, Equities, ETF and Index News, ETF Industry News, Pimco, Themes and Strategy, United States and Canada
Nov 15th, 2016 |
By James Lord, CFA
By Jesper Koll, Head of Japan for WisdomTree.
Prime Minister Abe is poised to be the first global leader to meet with President-elect Trump, Thursday 17 November 2016, in New York. In our view, the meeting is likely to underscore a strong US-Japan alliance, with possible positive implication for US-Japan economic and financial relations.
Posted in ETF and Index News |
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Tags: Asia Pacific, China, Currencies, Equities, ETF and Index News, ETF Industry News, Fixed Income, Japan, Themes and Strategy, United States and Canada
Nov 11th, 2016 |
By James Lord, CFA
By Antoine Lesne, Head of SPDR ETF Research & Strategy EMEA: “Here we go again. As we saw post the UK’s EU Referendum result, financial markets sold off following Trump’s election win, with risk assets being the main casualty; however, by the end of Wednesday US equities were back in the black and investors took solace in Trump’s statesman-like acceptance speech. It’s only the beginning of the process and, like the Brexit vote, nothing has yet been set in motion from a policy standpoint. We were operating on the basis of ‘known unknowns’ and we are now moving to new ones. Nevertheless, the difference is that after the initial disturbance of the Brexit vote the result was local, while this shock is global and has wider ramifications.”
Posted in ETF and Index News |
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Tags: Commodities, Equities, ETF and Index News, ETF Industry News, Fixed Income, Smart Beta, SSGA SPDR, Themes and Strategy, United States and Canada, Volatility
Nov 11th, 2016 |
By James Lord, CFA
By Joachim Fels, PIMCO’s global economic advisor: “After a short initial post-election shock, many financial market participants seem to have adopted a Dr. Strangelove attitude (“How I Learned to Stop Worrying and Love the Bomb”) toward the election of Donald Trump…I’m not Dr. Strangelove, and I believe it’s too early to stop worrying. A more differentiated view of the potential long-term economic and policy consequences of President-elect Trump must take on board both the considerable uncertainties still surrounding the next US administration’s economic policies and the global links between economies and markets.”
Posted in ETF and Index News |
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Tags: Asia Pacific, China, ETF and Index News, ETF Industry News, Europe, Fixed Income, Global, Japan, Pimco, Themes and Strategy, United States and Canada, Volatility
Nov 11th, 2016 |
By James Lord, CFA
UBS has launched the UBS S&P 500 hedged GBP UCITS ETF (LON: USPG), offering exposure to the performance of the bellwether S&P 500 Index, the most widely followed reference for the performance of US large cap stocks, while hedging exposure to fluctuations in the US dollar/British pound exchange rate. Andrew Walsh, Head of UBS ETF Sales UK & Ireland, commented: “The launch of our S&P 500 hedged GBP ETF is particularly timely given recent events in the US and we would expect to see this product gain a fair amount of interest.”
Posted in Equities |
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Tags: Currencies, Currency-hedged, DWS Xtrackers, Equities, ETF and Index News, ETF Industry News, ETF Launch, iShares, S&P Dow Jones, Source, UBS, United States and Canada
Nov 10th, 2016 |
By James Lord, CFA
The Source NASDAQ Biotech UCITS ETF (LON: SBIO) almost doubled in size after the US Presidential elections as Trump’s victory calmed investor fears of tough action on drug pricing and brought investors swarming back to the sector. The fund added $170m of inflows on Wednesday 9 November while strong performance of its constituents contributed to bringing the ETF’s total AUM to over $370m. Chris Mellor, Executive Director, at Source, commented: “Biotech companies stand to benefit not just from looser regulation but also from the potential of a tax holiday on cash repatriation, last seen in 2004.”
Posted in Equities |
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Tags: Equities, ETF and Index News, ETF Industry News, Nasdaq OMX Indexes, Source, Themes and Strategy, United States and Canada
Nov 9th, 2016 |
By James Lord, CFA
By Viktor Nossek, Director of Research at WisdomTree Europe: “At last. The long awaited decision on America’s 45th president has been decided. But regardless of whether you were Team Clinton or Team Trump, now’s the time to take a closer look at what you are holding in your portfolio. In the below, we outline our thoughts on positioning for both the short-term and the long-term using Exchange Traded Products (UCITS ETFs and Exchange Traded Notes).”
Posted in ETF and Index News |
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Tags: Currencies, Equities, ETF and Index News, ETF Industry News, Fixed Income, Gold and Precious Metals, United States and Canada, Volatility, WisdomTree
Nov 8th, 2016 |
By Rachael Revesz
While European investors in both ETFs and mutual funds poured into bonds during the third quarter of 2016 in the search for yield, ETF and traditional active fund flows majorly diverged when it came to equities, alternatives and money markets. Detlef Glow, head of EMEA research at Thomson Reuters Lipper commented: “ETFs are often used as short-term investments to gather exposure to specific markets or asset classes, while mutual funds are rather long-term products, since it takes a while until they are producing the expected alpha from the active management.”
Posted in ETF and Index News |
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Tags: Alternatives, Commodities, Emerging and Frontier, Equities, ETF and Index News, ETF Industry News, Europe, Fixed Income, Global, Thomson Reuters