‘ Global ’

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. “



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.



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.



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.”