‘ Credit Suisse ’

ProShares reduces VIX ETFs’ exposures following volatility blow-up

Feb 28th, 2018 | By
ProShares VIX ETFs reduce exposures following volatility blow-up

ProShares has reduced the degree of exposure underlying its two VIX-related ETFs following rapid, large swings in the products’ values during the equity market sell-off in early February.



ETFs not to blame for market sell-off, says new Fed Chair

Feb 28th, 2018 | By
Fed Chair Jerome Powell

“ETFs were not at the heart of the market decline”, said new Fed Chair Jerome Powell during his testimony to the House Financial Services Committee on Tuesday. In February, markets had the worst week since January 2016, and the eighth worst since 2008. The S&P 500 Index, underlying reference of the $275bn SPDR S&P 500 ETF (SPY US), fell 10% between 26th January and 8th February. Powell was asked to respond to a WSJ article which suggested that the close correlation between sectors during that period of volatility was driven by the growing popularity of ETFs.



Volatility blow-up leads to inverse VIX ETN casualty

Feb 6th, 2018 | By
Volatility blow-up leads to inverse VIX ETF casualty

This week’s spike in US equity market volatility led to the temporary suspension of trading in three US-listed inverse VIX exchange-traded products and the decision from Credit Suisse to close its VelocityShares Daily Inverse VIX Short-Term ETN (XIV).



WisdomTree introduces yuan share class for S&P China 500 ETF

Sep 1st, 2016 | By
T3 Index unveils 'E8' emerging markets foreign exchange benchmark

WisdomTree has introduced a yuan share trading class for its recently launched LSE-listed ICBCCS WisdomTree S&P China 500 UCITS ETF. The share class will broaden investors’ options for exposure to the world’s second largest economy, and is reflective of the ongoing internationalisation of the Renminbi. The ETF tracks the performance of the S&P China 500 Index, a float-adjusted market cap-weighted index that measures the performance of the 500 biggest and most liquid Chinese firms across all Chinese share classes, including A-shares and offshore listings such as H-Shares.



Five new ETFs list on the London Stock Exchange during July

Aug 12th, 2016 | By
FTSE 100 ETFs rally as index passes 7,500

Five new exchange-traded funds/exchange-traded products were listed on the London Stock Exchange (LSE) during July, bringing the total number of new ETF/ETP listings for 2016 to 97. Total on-exchange value traded for ETFs and other ETPs in July 2016 was £37.1bn, up by 77% compared to July 2015, while total on-exchange value traded for ETFs and ETPs, year to date, is £216.7bn, up by 42% compared to the same period last year.



ETF provider WisdomTree makes case for ‘Total China’ equity approach

Aug 9th, 2016 | By
Nikko: Will investors be ready when Chinese bonds go global?

Exchange-traded funds tracking Chinese equities may offer a value proposition, according to ETF provider WisdomTree Europe. In a report to investors, the firm makes a case for a ‘Total China’ approach to investing in the country (namely seeking an investment with access to all of China’s equity share classes), noting robust macroeconomic indicators and equities which are trading at favourable price multiples compared to their historic averages, as supportive of investment in the country. WisdomTree believes the index to best capture this ‘Total China’ exposure is the S&P China 500 Index which underlies the WisdomTree S&P China 500 UCITS ETF (LSE: CHIN), a new ETF launched by the firm on the London Stock Exchange



WisdomTree and ICBC launch all-class China ETF

Jul 31st, 2016 | By
WisdomTree and ICBC Credit Suisse launch China equities ETF on LSE

Exchange-traded fund provider WisdomTree and Hong Kong-based asset manager ICBC Credit Suisse (ICBCCS) have collaborated to launch a new China-focused ETF on the London Stock Exchange. The ICBCCS WisdomTree S&P China 500 UCITS ETF (LSE: CHIN) tracks the S&P China 500 Index, a reference for the float-adjusted market cap-weighted performance of the 500 biggest and most liquid Chinese firms across all Chinese share classes, including A-shares and offshore listings. It is the tenth ETF as part of the Renminbi Qualified Foreign Institutional Investor (RQFII) program to list on the LSE and the third to launch in 2016.



S&P DJI unveils comprehensive China index

Sep 28th, 2015 | By
New db x-tracker ETF seeks to capture price differential between China A- and H-shares.

S&P Dow Jones Indices, a leading index provider, has introduced the S&P China 500 Index, covering all Chinese share classes including A-shares and offshore listings. “Despite the short-term challenges impacting the market, Chinese equities remain a key part of long-term investment strategies for many global investors given the size and importance of the Chinese economy and stock market,” said Michael Orzano, Director of Global Equity Indices at S&P Dow Jones Indices. “By introducing the S&P China 500 Index, we are proud to reaffirm our commitment to the Chinese market and to further expand the toolkit of China indices available to global investors.” The index has been licensed to ICBC Credit Suisse Asset Management for ETF development.



BlackRock iShares completes acquisition of Credit Suisse ETF business

Jul 1st, 2013 | By
BlackRock iShares completes acquisition of Credit Suisse ETF business

BlackRock’s acquisition of Credit Suisse’s exchange-traded funds (ETFs) business has formally completed, the asset manager confirmed in a statement. The acquisition cements BlackRock’s iShares platform as Europe’s leading provider of ETFs and comes just days after the UK’s Office of Fair Trading revealed that it would not be referring the acquisition to the Competition Commission. With the deal now complete, all 58 of Credit Suisse’s ETFs have been re-branded and begun trading as iShares ETFs.



Stoxx expands Euro Stoxx 50 covered-call index series

May 13th, 2013 | By
Stoxx launches emerging markets exposure index for Europe

Stoxx, a leading index provider, has introduced the Euro Stoxx 50 BuyWrite 100% Index. The index measures the performance of a buy-write or covered-call strategy based on the Euro Stoxx 50 Index, the eurozone’s leading blue-chip equity index. The new index, which has been designed to underlie index-linked financial products such as exchange-traded funds (ETFs), represents a hypothetical portfolio of a long position in the Euro Stoxx 50 and a sold – or written – call option based on the same index.