‘ Fixed Income ’

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.



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. “



Canadian ETF industry see highest asset growth in almost two years

Feb 19th, 2018 | By
Canada Toronto ETFs

Assets invested in ETFs listed in Canada grew by $4.9 billion in January 2018 to reach a record high of $122bn at the end of the month, according to ETF industry consultants ETFGI. The surge in assets represents the greatest absolute monthly increase for the Canadian ETF industry in almost two years.



Trends shaping the future of asset management

Feb 16th, 2018 | By
Peter Hopkins, chief operating officer of Style Research.

By Peter Hopkins, chief operating officer of Style Research.

As the industry works to cope with new regulation, wades through an outpouring of new products, learns to satisfy investors’ shifting priorities and manages the active-passive debate, the viability of business units will be questioned, and at times radical measures will be taken. It’s still early days for these trends shaping the future of asset management, but their impacts will be felt far and wide.



Deutsche AM lowers fees for two Xtrackers high dividend ETFs

Feb 16th, 2018 | By
Deutsche adds two Xtrackers ETFs to Schwab’s commission-free platform

Deutsche Asset Management has lowered the expense ratios of two Xtrackers ETFs within its suite of high dividend equity funds. Fiona Bassett, global co-head of passive asset management in the Americas, commented, “With interest rates globally currently at low levels, equities paying higher dividend rates could be an attractive option to meet ongoing income requirements within portfolios.”



PIMCO: Regime change in bond markets?

Feb 15th, 2018 | By
Gene Frieda, executive vice president and global strategist at PIMCO.

By Gene Frieda, executive vice president and global strategist at PIMCO.

With a steady repricing of global bond markets having contributed to a sharp plunge in global stock markets, there could be a whiff of a new era in the air. Given the failure of both markets and central banks to forecast inflation accurately, we should all be humble about the level of precision attached to the timing or nature of the bond market’s next chapter.



ETFs attract €96.6 billion net inflows in January, finds Amundi

Feb 15th, 2018 | By
ETFs attract €96.6 billion net inflows in January, finds Amundi

Global ETF flows continued their positive trend in January 2018, with an increase of €96.6 billion, according to data from European ETF provider Amundi. The US market gained most of the inflows, at €78.6bn, against €13.2bn for the European market. Research by EY suggests that ETF assets have the potential to hit $7.6 trillion by the end of 2020.



Deutsche adds USD high-yield corporate bond ETF to fixed income suite

Feb 15th, 2018 | By
Deutsche adds USD high-yield corporate bond ETF to fixed income suite

Deutsche Asset Management has expanded its fixed income ETF range with the listing of the db x-trackers USD High Yield Corporate Bond UCITS ETF (XUHY LN) on London Stock Exchange and Deutsche Börse. Blanca Koenig, Deutsche AM fixed income ETF strategist, said, “The new USD high-yield ETF expands the toolkit available to investors to address today’s market challenges.”