Alternatives / Multi-Asset

Saba Capital launches active ETF investing in closed-end funds

Mar 21st, 2017 | By
Boaz Weinstein, Founder and Chief Investment Officer at Saba

New York-based alternative investment firm Saba Capital has launched the Saba Closed-End Funds ETF (Bats: CEFS), an actively managed ETF providing a high level of income by investing in closed-end funds trading at a discount to net asset value. Boaz Weinstein, Founder and Chief Investment Officer at Saba, said: “In an environment where investors are searching for yield, we believe closed-end funds offer high income and a margin of safety due to the discount.”

Hedge fund ETFs in focus

Mar 21st, 2017 | By
Kenneth Heinz, President of Hedge Fund Research

The hedge fund industry experienced its fastest rate of fund closures last year since 2008, according to a report from Hedge Fund Research, leading many investors to explore similar strategies through alternate vehicles, including ETFs. While hedge fund performance was mixed in 2016, Kenneth Heinz, President of Hedge Fund Research, believes performance in 2017 will be strong across a range of strategies, driven by the continuation of macroeconomic normalization.

WisdomTree cross-lists 18 inverse & leveraged Boost ETPs on LSE

Mar 16th, 2017 | By
WisdomTree cross-lists 18 inverse & leveraged Boost ETPs on LSE

WisdomTree has cross-listed a wide range of inverse and leveraged ETPs covering a broad mix of equity, fixed income and commodity benchmarks on LSE. The new listings, all denominated in British pounds, expands the toolkit of tactical solutions available to sterling-based investors. Morgan Lee, Head of European Distribution at WisdomTree, commented: “These products have had proven traction with our European clients and we believe that they can be complimentary portfolio solutions for managing risk in an increasingly volatile macro environment.”

Lyxor launches ETF tracking UK inflation expectations

Mar 15th, 2017 | By
VanEck Vectors UCITS ETFs now tradable in GBP on London Stock Exchange

European ETF provider Lyxor has launched a new fund providing investors with exposure to UK inflation expectations. The Lyxor UK£ 10Y Inflation Expectations UCITS ETF (LON: UKBE) targets the spread between traditional bond yields and those of inflation-linked bonds, thus offering a pure play on inflation expectations without exposing the investor to changing interest rates.

Sterling ETFs set for volatility as triggering of Article 50 nears

Mar 15th, 2017 | By
Sterling ETFs set for volatility as triggering of Article 50 nears

Investors in currency ETFs with sterling exposure may need to brace themselves for increased volatility following confirmation that UK Prime Minister Theresa May will trigger Article 50 (the official process whereby Britain begins to leave the EU) this month and Scotland’s First Minister Nicola Sturgeon is preparing for a second referendum on Scottish independence.

Investors overestimating risks of listed private equity says Edison

Mar 2nd, 2017 | By
Rob Murphy

In a report on listed private equity (LPE), Rob Murphy, Global Head of Financials & Investment Trusts at Edison Investment Research notes that the asset class displays a similar risk-reward profile to major equity indices, US real estate investment trusts as well as other equity classes over the longer term. LPE may still be an attractive investment proposition with the report noting the asset class is trading at a 14% discount to NAV. Investors may gain access to LPE exposures through several ETFs, such as those from iShares, PowerShares or Lyxor.

Indxx and Infrastructure Capital Advisors team up on REIT preferred stock ETF

Feb 8th, 2017 | By
Indxx launches US infrastructure development index

Infrastructure Capital Advisors has licensed the recently launched Indxx REIT Preferred Stock Index to underlie the new InfraCap REIT Preferred ETF (NYSE: PFFR). The ETF provides exposure to high yielding, liquid preferred securities issued by real estate investment trusts (REITs) listed in the US, including a diversified combination of mortgage, office, hotel, healthcare, and retail REITs.

Brexit – Hedging sterling currency risk with ETFs

Feb 2nd, 2017 | By
VanEck Vectors UCITS ETFs now tradable in GBP on London Stock Exchange

By Nizam Hamid, ETF Strategist, WisdomTree.

The Supreme Court this week ruled that the UK government must hold a parliamentary vote before triggering Article 50 to begin the process of leaving the EU. We expect sterling volatility to continue over the coming quarter with Brexit and the economy remaining key influences. Other events that are likely to impact sterling in the coming months, include: Bank of England interest rates announcement (2 February 2017), UK Inflation (14 February 2017), UK Budget (8 March 2017) and Article 50 (end March 2017).

Northern Trust unveils industry-first sustainable real estate index

Feb 1st, 2017 | By
Northern Trust unveils sustainable real estate index

Northern Trust Asset Management has launched a unique sustainable real estate index tracking the performance of developed market real estate investment trusts (REITs) with strong responsible investment characteristics. According to GRESB, property ESG analyst and co-creator of the index, the global property sector is at the heart of the most important and far-reaching issues of our time, including urbanization, demographic change, resource constraints, environmental impacts and emerging technologies.

European macro outlook: Political risk at the gates

Jan 19th, 2017 | By
Viktor Nossek , director of research at WisdomTree in Europe.

By Viktor Nossek, Director of Research at WisdomTree.
Given the near term economic outlook is solidifying in the US, stabilising in the emerging markets and moderating in Europe, we believe that European equity markets should prove resilient to the looming European political uncertainty in 2017 that could redefine the European economic and financial landscape for decades. For now, the banks’ efforts to fast-track restructuring and recapitalisation ahead of potential political fallout in 2017 are driving increased European equities strength.