BlackRock Inc, the world’s biggest asset manager, on Wednesday reported double-digit profit gains as investors plowed money into lower-cost index funds, but the company’s share price slipped as revenue fell short of analysts’ expectations.
ETF and Index News
By Shigemasa Katayama, Head of Fixed Income, Japan at Nikko Asset Management.
ETFs listed in Europe experienced net inflows in March of €9.8 billion, leading to a record-breaking quarterly result of over €30bn for Q1 2017, according to Marlène Hassine Konqui, head of ETF Research at Lyxor, Europe’s third largest provider of ETFs.
With over 900 ETFs based on its indexes, MSCI is one of the most important index providers in the ETF world. The firm calculates over 180,000 indexes daily with over $10 trillion in assets benchmarked to those indexes. ETF Strategy sat down with Hitendra Varsani, who spent 11 years at Morgan Stanley prior to joining MSCI as executive director of factor strategies.
Thirteen new ETFs and ten new ETCs listed on the London Stock Exchange in March, bringing the total number of ETFs and ETPs listed on the exchange to 890 and 451 respectively.
Leading index provider to the exchange-traded fund industry MSCI has released its performance report for March 2017, breaking down the best and worst performing equity indices over this period by countries, factors and sectors.
With over 6,000 ETFs, of which there are 1,200 ISA eligible ETFs, it can be intimidating for private investors to know where to start. Oliver Smith, Portfolio Manager at IG, shares some tips on how private should build portfolios using ETFs.
ETPs listed globally gathered $64.8 billion in net new assets during March, according to BlackRock’s latest ETP Landscape Report, setting a new range of performance yardsticks, having surpassed existing monthly, quarterly and year-to-date (YTD) records.
Trading activity on Tradeweb’s European ETF marketplace during March was the strongest month on record since the platform’s launch in late 2012.
FTSE Russell has unveiled four new global sector indices with built-in currency hedging. The Russell Developed Large Cap 100% Hedged to CAD indices are designed for Canadian market participants and capture specific global exposures related to the consumer staples, consumer discretionary, banking and insurance sectors. Ken O’Keeffe, global head of ETFs at FTSE Russell, said: “After recognizing a growing desire among Canadian market participants for global sector exposures, we are delighted to roll out this new suite of indices.”