Archive for April 2017

Invesco to acquire ETF issuer Source

Apr 28th, 2017 | By
Martin L. Flanagan, president and CEO of Invesco

Invesco has entered into a definitive agreement to acquire European ETF issuer Source. The transaction will add Source’s $25 billion in assets under management to Invesco’s existing global ETF AUM of approximately $120 billion. “We’re excited about this opportunity to build on Invesco’s 40 years of factor investing experience and our existing PowerShares ETF business, which will significantly enhance our ability to deliver meaningful solutions to institutional and retail clients in Europe and around the world,” said Martin L. Flanagan, president and CEO of Invesco.

ETF Securities sees inflection point for global interest rates

Apr 28th, 2017 | By
James Butterfill, head of research and investment strategy at ETF Securities

By James Butterfill, head of research and investment strategy at ETF Securities

A major inflection point for global interest rates will be reached during 2017. After almost a decade of artificially low rates, central banks might finally be able to pursue a more balanced approach to setting interest rates without fretting over major political and economic instability.

ESG integration improving returns, finds SSGA study

Apr 28th, 2017 | By
UBS cross-lists four EUR-hedged sustainability ETFs on Deutsche Börse

According to a global study conducted by State Street Global Advisors, the asset manager behind the SPDR range of ETFs, 68% of 475 institutions surveyed reported that the integration of an environmental, social and governance strategy had significantly improved returns. ESG-based strategies have underscored one of the most significant trends in ETF product development in recent years.

VanEck Vectors EM local currency bond ETF launched on Xetra

Apr 28th, 2017 | By
New Solactive EM consumer technology index to underlie KraneShares ETF

VanEck has rolled out the VanEck Vectors JP Morgan EM Local Currency Bond UCITS ETF on Deutsche Börse’s Xetra and Frankfurt exchanges (Ticker: G2X1). The fund tracks the JP Morgan GBI-EMG Core Index, a reference for the performance of bonds issued in local currencies by 16 emerging market governments.

Deutsche to close five US-listed ETFs

Apr 28th, 2017 | By
Deutsche roll out MSCI USA Sector ETFs on Xetra

Deutsche Asset Management has announced that it will be closing and liquidating five of its US-listed ETFs due to insufficient investor demand. The five ETFs, which cover US and international exposures and include funds tracking equities and alternative investments, collectively account for just 0.1% of the $13.6bn invested across Deutsche’s US ETF platform.

State Street reaches $2 trillion in ETF assets under administration

Apr 27th, 2017 | By
SSGA switches core US equity ETFs to in-house indices

State Street, a custodian and fund administrator, has announced that ETF assets under its administration have exceeded $2 trillion. The Boston-headquartered bank services 55% of the global industry’s ETF and ETP assets, according to analysis from ETF industry consultants ETFGI. Its biggest client iShares, the world’s largest ETF issuer, accounts for most of the assets.

US-listed ETFs/ETPs gather $44bn during March

Apr 27th, 2017 | By
S&P DJI reports over $1tn in ETP assets linked to its indices

Assets invested in exchange-traded funds and exchange-traded products listed in the United States have reached a new record high of $2.798 trillion at the end of Q1 2017, following strong net inflows of $44.4 billion during March, according to ETF industry consultant ETFGI.

Vanguard cross-lists FTSE 100 and FTSE 250 ETFs on SIX

Apr 26th, 2017 | By
Deutsche cross-lists six US sector ETFs to SIX

Vanguard has listed two UK equity ETFs on the SIX Swiss Exchange. The Vanguard FTSE 100 UCITS ETF (VUKE) and the Vanguard FTSE 250 UCITS ETF (VMID), which are already listed on LSE in GBP, will trade in CHF on SIX.

Cheapest ETFs not always the best, say industry experts

Apr 25th, 2017 | By
Cheapest ETFs not always the best, say industry experts

Investors should avoid looking exclusively at fund fees when selecting exchange-traded funds, according to a panel of industry experts who addressed an event held by HSBC last week. The speakers explained that while choosing an ETF with a competitive fee structure is undoubtedly important, investors should not discount the tracking precision of the fund.

VanEck wide moat ETF passes $1bn AUM

Apr 25th, 2017 | By
VanEck Vectors Morningstar Wide Moat ETF enjoys strong start to 2016

The VanEck Vectors Morningstar Wide Moat ETF (NYSE: MOAT) is celebrating five years since its launch along with passing the $1bn assets under management threshold for the first time.