‘ Fixed Income ’

SSGA enters fee war with ultra-low-cost SPDR Portfolio ETFs

Oct 17th, 2017 | By
SSGA enters fee war with ultra-low-cost SPDR Portfolio ETFs

State Street Global Advisors (SSGA) has unveiled the SPDR Portfolio ETFs, a suite of “ultra-low-cost” ETFs that aims to assist investors in the construction of a core portfolio strategy. Comprising 15 existing funds with reduced expense ratios, the SPDR Portfolio ETFs provide access to a range of asset classes including fixed income, and US, emerging market and international equity. Commenting on the move, Todd Rosenbluth, director of ETF & mutual fund research with CFRA, said SSGA has “aggressively crashed the low-fee ETF party consisting of iShares, Vanguard and Schwab.”



TD Ameritrade unveils largest commission-free ETF program

Oct 17th, 2017 | By
TD Ameritrade unveils largest commission-free ETF program

Nebraska-based brokerage firm TD Ameritrade has announced a major increase in the scope of its commission-free ETF trading platform, tripling the number of ETFs available from 100 to 296. The expansion means TD Ameritrade now offers the largest commission-free ETF trading program in the industry.



Active Weighting Funds launches US policy ETFs

Oct 17th, 2017 | By
Active Weighting Funds launches three politically-focused ETFs

Active Weighting Funds has launched three new actively managed ETFs under its EventShares brand on the Bats Exchange. The Republican Policies Fund (GOP), the Democratic Policies Fund (DEMS) and the US Tax Reform Fund (TAXR) can take long or short positions in US securities.



Columbia Threadneedle launches smart beta fixed income ETF

Oct 13th, 2017 | By
Columbia Threadneedle launches smart beta fixed income ETF

Columbia Threadneedle has launched the Columbia Diversified Fixed Income Allocation ETF (NYSE Arca: DIAL), building out its smart beta ETF suite. DIAL provides a global multi-sector strategy, which is designed to serve as a core bond allocation. Marc Zeitoun, head of strategic beta at Columbia Threadneedle, commented: “DIAL’s disciplined process is designed to seek more sources of income and avoid the overconcentration found in traditional fixed income benchmarks.”



US and EM equity ETPs lead September flows, finds BlackRock

Oct 12th, 2017 | By
US and EM equity ETPs lead September flows, finds BlackRock

Global ETPs gathered $38.7 billion in net new assets during September, according to BlackRock’s latest ETP Landscape Report, with significant flows recorded for those offering exposure to US and broad emerging market equities.



BlackRock nears $6 trillion AUM milestone on back of iShares ETFs

Oct 11th, 2017 | By
BlackRock nears $6 trillion AUM milestone on back of iShares ETFs

In its third quarter 2017 financial results, BlackRock has announced its total assets under management (AUM) is closing in on $6 trillion ($5.977tn) after its iShares range of ETFs recorded strong performance between July and September. Laurence D. Fink, chairman and CEO of BlackRock, commented: “Our continued investment in the iShares franchise is driving accelerated growth and increased market share.”



Tradeweb reports third busiest trading quarter for its European ETF marketplace

Oct 11th, 2017 | By
Tradeweb reports third busiest trading quarter for European ETF marketplace

Tradeweb has reported that the end of September marked the third busiest quarter for its European-listed ETF marketplace since its launch in October 2012. Adriano Pace, managing director for equity derivatives at Tradeweb, said the performance reflects the efficiencies of ‘Request For Quote’ (RFQ) trading as the ETF industry is bracing itself for the new regulatory landscape under MiFID II.



September ETF trading on LSE up 18% from 2016

Oct 11th, 2017 | By
September ETF trading on LSE up 18% from 2016

The London Stock Exchange (LSE) has released its monthly ETF roundup for September 2017. Total on-exchange value traded for ETFs during the month was £28.2 billion through 289k trades, up 18% compared to September 2016.



Invesco PowerShares launches Europe’s first preferred shares ETF

Oct 3rd, 2017 | By
Nicolas Samaran, Head of Innovative Product Development at Invesco PowerShares

Invesco PowerShares has launched the first ETF in Europe to offer targeted exposure to preferred shares. The PowerShares Preferred Shares UCITS ETF (PFRD) is linked to the BofA Merrill Lynch Diversified Core Plus Fixed Rate Preferred Securities Index and has been listed on the London Stock Exchange. Nicolas Samaran, head of innovative product development at Invesco PowerShares, said: “With interest rates and bond yields at all-time lows, investors have really struggled to generate meaningful income. Preferred shares provide yields comparable to high-yield bonds, but from securities issued typically by more well-known companies.”



Lyxor announces product enhancement programme

Oct 2nd, 2017 | By
Lyxor announces product enhancement programme

Arnaud Linas, global head of ETFs & indexing at Lyxor, announces a full review of Lyxor’s ETF range, including changes to fund structure, domiciliation and replication, measures to enhance liquidity, and fund liquidations.