‘ ETF Industry News ’

Wells Fargo launches robo-advisor hybrid service

Nov 7th, 2017 | By
Wells Fargo launches robo-advisor hybrid service

Wells Fargo has announced the launch of Intuitive Investor, a hybrid online offering that provides new and emerging investors with a robo-advisor service for investing in a managed portfolio of ETFs, with the additional option to speak to human investment advisors.



VanEck’s MVIS launches cryptocurrency indices

Nov 6th, 2017 | By
Reality Shares and Nasdaq launch Blockchain Tech Index

MV Index Solutions (MVIS), the indexing division of ETF provider VanEck, has unveiled a series of indices designed to track the performance of the fragmented global cryptocurrency markets. With VanEck having already filed regulatory papers to bring products holding Bitcoin instruments to market, the indices shine a light on the potential strategies which may underpin a future VanEck-branded ETF.



FTSE 100 ETFs benefit as blue-chip UK index reaches new heights

Nov 6th, 2017 | By
FTSE 100 ETFs benefit as UK index reaches new heights

ETFs tracking the FTSE 100 Index have rallied as the UK blue-chip index closed at a new record high of 7,560 on Friday 3 November 2017, driven by a strong global economy and a weak pound. Laith Khalaf, senior analyst at brokers Hargreaves Lansdown, said: “Stock market investors continue to reap the rewards of loose monetary policy and an improving global economy.”



Invesco to migrate PowerShares Canadian govt bond ETF to NEO

Nov 6th, 2017 | By
Jos Schmitt, president and CEO, NEO Exchange.

Invesco has announced it is planning to change the listing venue of the PowerShares Ultra Liquid Long Term Government Bond Index ETF (PGL) from the Toronto Stock Exchange to Aequitas NEO Exchange. Jos Schmitt, president and CEO, NEO Exchange, commented: “Invesco’s decision to migrate an ETF to us shows that we are succeeding in our mission to innovate and improve Canada’s capital markets for all investors through competition.”



PowerShares Source lists Europe small-cap ETF in Italy; PIR compliant

Nov 4th, 2017 | By
PowerShares Source cross-lists Europe small cap ETF in Italy

PowerShares Source has listed the Source STOXX Europe Small 200 UCITS ETF (SDJSML IM) onto the Borsa Italiana. The ETF, which meets the requirements of Italy’s new PIR tax-exempt savings plan, gives exposure to small-cap equities from developed markets in Europe. 



Look beyond an ETF’s expense ratio: SSGA

Nov 3rd, 2017 | By
James E. Ross, chairman of the global SPDR business, SSGA

By James E. Ross, chairman of the Global SPDR business at State Street Global Advisors.

It’s a refrain we repeat often at State Street Global Advisors and during meetings with clients: when selecting an ETF, you need to look beyond the expense ratio to assess a fund’s total cost of ownership. Why? Because using the expense ratio as the sole factor when selecting an ETF without considering additional variables, especially how you will invest and trade that fund, could wind up costing you more money in the long run. 



ETF commentators respond to BoE’s ‘dovish’ rate hike

Nov 3rd, 2017 | By
BOE announces dovish rate hike

The Bank of England (BoE) has announced a widely expected increase in the base rate from 0.25% to 0.50%, the first rise in over a decade, after the Bank’s Monetary Policy Committee voted 7-2 in favour of the hike. Market commentators from across the ETF industry share their interpretations of the rate rise.



First Trust launches US SMID dividend achievers ETF

Nov 3rd, 2017 | By
First Trust launches SMID dividend achievers ETF

First Trust Advisors has launched the First Trust SMID Cap Rising Dividend Achievers ETF (Nasdaq: SDVY), providing exposure to a diversified portfolio of high quality US-listed income-producing equities from the small- and mid-cap segments of the market.



WisdomTree and IQCIO launch ETF model portfolios

Nov 3rd, 2017 | By
WisdomTree and IQCIO launch ETF model portfolios

WisdomTree has launched the WisdomTree IQCIO Risk-Managed Model Portfolios in collaboration with quant-focused portfolio advisors IQCIO. The model portfolios combine WisdomTree’s fundamentally weighted investment approach with IQCIO’s Intelligent Portfolio Optimizer for ETF selection and dynamic asset allocation.



First Trust unveils actively managed municipal high income ETF

Nov 3rd, 2017 | By
First Trust unveils actively managed municipal high income ETF

First Trust Advisors has launched the First Trust Municipal High Income ETF (Nasdaq: FMHI), a new actively managed fund investing primarily in municipal debt securities. The ETF seeks to provide a high level of tax-exempt income with a secondary objective of long-term capital appreciation.