Latest news

SSGA introduces currency-hedging for global aggregate bond ETF

Feb 21st, 2018 | By
SSGA rolls out currency-hedging for Bloomberg Barclays global aggregate bond ETF

State Street Global Advisors has introduced three currency-hedged share classes for the recently launched European-listed SPDR Barclays Global Aggregate UCITS ETF. The new share classes offer currency hedging relative to US dollars, pounds sterling, or euros.



MSCI: How easy is it to track a bond market index?

Feb 21st, 2018 | By
Andy Sparks, head of fixed income research strategies, MSCI

By Andy Sparks, head of fixed income research strategies, MSCI.

Many investors may have only a qualitative understanding of the ability of passive fund managers to track the returns of a fixed-income index. Our analysis uses tracking error to provide a quantitative measure of the ease – or difficulty – of consistently tracking an index. We find generally low to moderate tracking error across broad parts of the bond market. Our analysis also suggests that less liquid and higher volatility sectors (such as high yield) tend to have higher tracking error.



Assets tracking Scientific Beta indices top $25bn

Feb 21st, 2018 | By
ERI Scientific Beta rolls out multi-strategy smart beta indices

Smart beta index provider ERI Scientific Beta has announced that assets tracking its indices reached $25 billion at the end of December 2017, up substantially from 30 June 2017 when assets under replication amounted to $16bn. Professor Noël Amenc, CEO of Scientific Beta, said, “[The indices] remain based on the double diversification of factor and specific risks, and do not sacrifice the latter in favour of a concentrated portfolio optimised in-sample.”



Invesco cross-lists three PowerShares fixed income ETFs on SIX

Feb 20th, 2018 | By
Invesco cross-lists three Powershares fixed income ETFs on SIX

Invesco has cross-listed three PowerShares fixed income ETFs onto SIX Swiss Exchange, each tracking Bloomberg Barclays indices. The ETFs offers exposure to US dollar-denominated corporate bonds, euro-denominated corporate bonds, and dollar-denominated emerging market sovereign bonds.



Direxion introduces lightly leveraged “Portfolio+” ETF suite

Feb 19th, 2018 | By
Direxion introduces lightly leveraged “Portfolio+” ETF suite

US-based leveraged and inverse ETF specialist Direxion has debuted a new range of ETFs, under a new brand called “Portfolio+ ETFs”. The ETFs provide lightly leveraged exposure to their underlying indices. Andy O’Rourke, Managing Director at Direxion, said, “Over time, a small amount of added exposure can make a significant difference. At the right price point, just a 25% boost allows advisors who already manage a diversified strategy to seek out additional risk-adjusted returns in a manageable way. “



Vanguard unveils suite of actively managed factor ETFs in US

Feb 19th, 2018 | By
Vanguard CEO Tim Buckley.

Vanguard has launched six new factor-based ETFs — the firm’s first actively managed ETFs in the US — on Cboe ETF Marketplace. The suite consists of five single factor funds, targeting exposure to the minimum volatility, value, momentum, liquidity, and quality factors, and a multi-factor approach, each within the US equities universe. Vanguard CEO Tim Buckley, commented, “The newly launched factor funds represent a differentiated approach – disciplined, rules-based, targeted exposure to factors – along with Vanguard’s low costs.”



UBS launches accumulating share class for MSCI World SRI ETF

Feb 19th, 2018 | By
UBS launches accumulating share class for MSCI World SRI ETF

UBS Global Asset Management has introduced an accumulating share class for its UBS MSCI World Socially Responsible UCITS ETF on Deutsche Börse’s Xetra and Frankfurt exchanges.