Guggenheim Investments has changed the name of the Guggenheim Enhanced Short Duration ETF to the Guggenheim Ultra Short Duration ETF. The actively managed fund, which has over $1.1 billion in assets under management, will keep its ticker symbol (NYSE Arca: GSY). William H. Belden, managing director and head of ETF business development for Guggenheim Investments, said: “GSY can be used for tactical cash positions to deliver potentially greater return than cash as well as liquidity for non-immediate needs.”

Lyxor has launched two new multi-factor smart beta ETFs, providing exposure to US and UK equities, that give investors exposure to the quality, low volatility and high dividend factors. Each fund has a total expense ratio of 0.19%, pricing the funds as some of the lowest cost income-based ETF strategies available in Europe. Adam Laird, head of ETF strategy, Northern Europe, Lyxor, commented: “Particularly in this environment of low yields, the lower charges on ETFs mean more of the dividend goes to the investor.”

New York-based investment manager TrimTabs Asset Management has launched the TrimTabs All Cap International Free-Cash-Flow ETF (Bats: TTAI), an actively managed fund investing in non-US developed market stocks that are both generating free cash flow, reducing their share count without the use of leverage, and maintaining healthy balance sheets.

ETFGI has reported that assets invested in ETFs and ETPs listed in Europe have reached a new record high of $682 billion at the end of May 2017, up 3.7% from the $658bn seen at the end of the previous month. The report goes on to say that assets invested in Europe-listed ETFs/ETPs have increased by 19% from $572bn year-to-date.

US-based Clearbrook Global Advisors has launched their exchange-traded fund platform ClearShares with the introduction of the ClearShares OCIO ETF (NYSE: OCIO). OCIO is an ETF of ETFs, offering access to an actively managed, diverse portfolio of passive index‐based ETFs and actively managed ETFs.

Citi has introduced several new additions to its flagship Citi World Government Bond Index (WGBI) family and its Onshore Chinese Bond Index family.

IndexIQ has launched five new ETFs that employ an environmental, sustainable and governance (ESG) filter to screen potential securities and then a smart beta multi-factor methodology to weight the selected constituents. The suite includes three equity and two bond (sovereign and corporate) ETFs listed on the Euronext Paris Exchange.

The Financial Conduct Authority (FCA) has called for greater fee transparency in the asset management industry as part of a package of remedies to address concerns highlighted by a recent market study. The move is expected to increase demand for low cost, transparent products, such as ETFs, by bringing to light hidden charges contained within many actively managed funds.

Virtus ETF Solutions has launched the Virtus Enhanced Short US Equity ETF (NYSE: VESH), a rules-based fund providing short exposure to large- and mid-cap US equities while increasing its short exposure to sectors exhibiting weak relative strength. VESH may appeal to investors who have a bearish view of the US market or those who wish to tactically hedge the US equity exposure in their portfolios.

Deutsche Asset Management has launched the Xtrackers MSCI Emerging Markets Index UCITS ETF (XMME) on London Stock Exchange and Deutsche Börse. Introduced as part of Deutsche’s ‘core’ range of ETFs – low cost, diversified funds designed to act as foundational building blocks for portfolio construction – the fund comes with a price tag of just 0.20%.