ETF and Index News

Saudi Arabia promoted to ‘Emerging’ status by FTSE Russell

Apr 5th, 2018 | By
Khalid Al Hussan, Chief Executive Officer of Tadawul

FTSE Russell has promoted Saudi Arabia to Secondary Emerging Market status. As a consequence, the country will now be added to the FTSE Emerging Index, underlying reference to Vanguard’s sizeable EM ETFs, with a projected overall weighting of roughly 2.7%. Khalid Al Hussan, chief executive officer of Tadawul, said the promotion “marks a significant moment in the development of our [Saudi Arabia’s] capital markets.”

Brompton Funds converts two income sector funds to ETFs

Apr 3rd, 2018 | By
Brompton Funds converts two of its funds to ETFs

Canadian asset manager Brompton Funds has converted two of its sector-targeting mutual funds – the Global Healthcare Income & Growth Fund and the Tech Leaders Income Fund – to ETF units. The actively managed funds seek to provide enhanced income through the use of covered call option overlays.

Euronext completes the acquisition of the Irish Stock Exchange

Mar 28th, 2018 | By
Stéphane Boujnah, Chief Executive Officer and Chairman of the Managing Board of Euronext

Euronext has completed its takeover of the Irish Stock Exchange, having acquired 100% of the shares and voting rights and receiving regulatory approval. Stéphane Boujnah, CEO and chairman of Euronext, said: “Euronext is uniquely positioned to welcome independent exchanges such as the Irish Stock Exchange, now Euronext Dublin.”

Stoxx introduces new custom index brand: Omnient

Mar 27th, 2018 | By
Stoxx introduces new custom index brand

Zurich-based Stoxx has launched a new index brand, called Omnient, to offer custom indices based on its existing universe. Matteo Andreetto, CEO of Stoxx, commented, “Omnient addresses a clear need for solutions of low-to-medium complexity, differentiated from our premium brands.”

A look ahead: The ETF industry’s next 25 years

Mar 23rd, 2018 | By
James E. Ross, chairman of the global SPDR business.

By James E. Ross, chairman of the global SPDR business.

We recently marked the twenty-fifth anniversary of the first US-listed ETF: the SPDR S&P 500 ETF (SPY US). Let’s look ahead to what we think the next 25 years will bring for the ETF industry.

Sun Life Global to refine ETF strategy

Mar 20th, 2018 | By
Sadiq S. Adatia, chief investment officer, Sun Life Global Investments.

Sun Life Global Investments has announced that the firm’s two ETFs, acquired in the acquisition of Excel Funds, are to close. According to the Toronto-based firm, the move is part of a process to refine its business strategy on ETFs. “We see great opportunity in the ETF market but have made the decision to take a more measured approach to evaluating the launch of ETFs,” said Sadiq S. Adatia, CIO, Sun Life Global Investments.

LGIM completes acquisition of ETF Securities’ European ETF platform

Mar 19th, 2018 | By
Mark Zinkula, CEO of Legal & General Investment Management

Legal & General Investment Management has completed its acquisition of Canvas, the European ETF platform formerly owned by ETF Securities. Mark Zinkula, LGIM CEO, said, “LGIM will now offer a compelling range of ETFs alongside its existing index funds. This was the right opportunity to expand our capabilities and ensure we can meet client demand in this rapidly growing market.”

LSE enjoys strong ETF listings activity in February

Mar 19th, 2018 | By
Strong ETF listing activity recorded on LSE during February

Nineteen ETFs or share classes debuted on London Stock Exchange in February, bringing the total number of new ETF (inc share classes) listings on the exchange this year to 26. Listings included new ETFs from ITI, JP Morgan, and Deutsche, plus new share classes from BlackRock and SSGA.

Two months into MiFID II: How post-trade reporting is benefitting ETF investors

Mar 14th, 2018 | By
Stephen Cohen, head of iShares EMEA at BlackRock.

By Stephen Cohen, head of iShares EMEA at BlackRock.

Investors use ETF trading volumes in different ways: for asset allocators it is a useful, real-time window into where money is flowing through the trading day. For others, visible flows provide comfort in knowing that there is sufficient liquidity within the products they intend to invest in.

MSCI unveils 12 new China indices in preparation for A-share inclusion

Mar 14th, 2018 | By
Theodore Niggli, head of APAC index products, MSCI

MSCI has launched 12 new China equity indices to help investors prepare for the next step of the China A-Share inclusion process. Theodore Niggli, head of APAC index products, MSCI, commented, “We are proud to announce the launch of this new suite of China indices. With the increased liberalization and internationalization of the China market, investors have expressed a clear need for more insight and tools to make better informed investment decisions.”