Archive for December 2017

Nikko: Asian equity market outlook 2018

Dec 29th, 2017 | By
Nikko: Asian equity market outlook 2018

From the Asian equity desk at Nikko Asset Management.

A robust global economy and monetary policy tightening could benefit export-oriented economies in Asia. Coupled with a recovery of consumption within the region, we continue to believe that Asian equities provide better earnings growth prospects at a more attractive valuation relative to developed markets.



First Asset to close Can-Energy Covered Call ETF

Dec 29th, 2017 | By
First Asset to close Can-Energy Covered Call ETF

First Asset Investment Management has announced that the First Asset Can-Energy Covered Call ETF (OXF CN) is to close. The fund, currently listed on Toronto Stock Exchange, will be de-listed on 15 February 2018.



Purpose Investments launches actively managed North American enhanced dividend ETF

Dec 29th, 2017 | By
Bristol Gate enters Canadian ETF market with two actively managed equity funds

Toronto-based Purpose Investments has launched the actively managed Purpose Enhanced Dividend Fund (PDIV CN), combining a portfolio of high-quality North American dividend-paying equities with a tactical covered-call option overlay. 



Invesco cuts fees on two PowerShares S&P 500 factor ETFs

Dec 27th, 2017 | By
Invesco cuts fees on two PowerShares S&P 500 factor ETFs

Invesco has lowered the fees charged on two NYSE Arca-listed ETFs, the PowerShares S&P 500 Momentum Portfolio (SPMO US) and the PowerShares S&P 500 Enhanced Value Portfolio (SPVU US), from 0.25% to 0.13%, effective 1 January 2018. Dan Draper, global head of ETFs at Invesco, commented, “We are constantly evaluating our product offerings to ensure that we are offering cost-efficient investment solutions to meet the needs of our investors.”



MiFID II to boost passives’ market share in Europe, finds Cerulli

Dec 23rd, 2017 | By
Angelos Gousios, director, European retail research, at Cerulli.

Angelos Gousios, director, European retail research, at Cerulli, notes that MiFID II’s drive for transparency on costs will shift the balance further in favour of passive investing, benefiting products such as ETFs.



Solactive launches bitcoin futures index

Dec 22nd, 2017 | By
Steffen Scheuble, CEO of Solactive

Frankfurt-based index provider Solactive has unveiled the Solactive Bitcoin Front Month Rolling Futures 5D Index, tracking the performance of bitcoin futures listed on Cboe Global Markets. Steffen Scheuble, CEO of Solactive AG, commented: “This is unprecedented in the history of capital markets and clearly opens the door to new bitcoin-based investment products.”



WisdomTree launches China equity and global balanced income ETFs

Dec 21st, 2017 | By
WisdomTree launches China equity and global balanced income ETFs

WisdomTree has launched two new ETFs on NYSE Arca – the WisdomTree ICBCCS S&P China 500 Fund (WCHN US) and the WisdomTree Balanced Income Fund (WBAL US) – providing exposure to Chinese equities and a portfolio of ETFs composed of equity and fixed income exposures.



Innovator Capital licenses second IBD index for ETF creation

Dec 21st, 2017 | By
Innovator Capital licenses second IBD index for ETF creation

Innovator Capital Management has licensed the IBD ETF Leaders Index from Investor’s Business Daily (IBD) to underlie a new ETF. The Innovator IBD ETF Leaders ETF (LDRS US) is expected to begin trading shortly on NYSE Arca.



ICRA launches fixed income indices for the Indian market

Dec 20th, 2017 | By
Sanjeev Sinha, MD & CEO of IMaCS

ICRA Management Consulting Services (IMaCS) has announced the launch of ICRA Fixed Income Indices, providing performance representation for different segments of the Indian debt market. Sanjeev Sinha, CEO of IMaCS, said, “ICRA Fixed Income Indices will enable asset managers and investors with effective benchmarks to measure the risk-return dynamics of the fixed income market.”



Equities lead European ETF flows in November, finds Amundi

Dec 20th, 2017 | By
ETFs attract €96.6 billion net inflows in January, finds Amundi

ETFs listed in Europe gathered €9.6 billion in net new assets during November with equity funds leading the charge after gathering €6.8bn net inflows during the month, according to analysis by European ETF provider Amundi.