‘ Global ’

Investors should favour low-cost passive funds, finds Morningstar

Aug 23rd, 2017 | By
BlackRock cuts fees on iShares ESG and bond ETFs

Morningstar has released its latest Active/Passive Barometer, a semi-annual report that measures the performance of US active funds against passive peers, such as ETFs, in respective Morningstar categories. The key takeaway from the report is that the average dollar invested in passive funds typically outperforms the average dollar invested in active funds.

First Trust gathers largest actively managed ETF/ETP flows during July

Aug 23rd, 2017 | By
First Trust gathers largest actively managed ETF/ETP flows during July

First Trust gathered the largest net inflows into actively managed ETFs/ETPs during July with $504 million net new assets created, representing over a quarter of the $1.9 billion net inflows gathered globally over this period. According to research from ETF industry consultant ETFGI, other firms attracting significant net inflows during the month included Lyxor with $271m and Source with $153m.

Newcomer Spinnaker launches two active ETFs

Aug 23rd, 2017 | By
Solactive introduces Intuitive Beta index suite with three thematic launches

New issuer Spinnaker ETF Trust has rolled out its first two ETFs on NYSE Arca under the Fieldstone brand name. The Fieldstone Merlin Dynamic Large Cap Growth ETF (FMDG) and the Fieldstone/UVA Unconstrained Medium-Term Fixed Income ETF (FFIU) are both actively managed and give investors exposure to US large-caps and global fixed income respectively.

iShares’ giant high-yield bond ETF gets criticised by Kames

Aug 23rd, 2017 | By
iShares' giant high-yield bond ETF (HYG) get criticised by Kames

The world’s largest high-yield bond ETF has come in for some criticism from a bond mutual fund manager at London and Edinburgh-based investment manager Kames Capital. Stephen Baines, co-manager of the Kames Short Dated High Yield Global Bond Fund, says the performance of the iShares iBoxx $ High Yield Corporate Bond ETF (NYSE Arca: HYG), which has returned 70.8%, or 5.5% per annum, over in the ten years since its launch, “looks somewhat disappointing” when compared to the broad high-yield market.

Invesco completes acquisition of ETF provider Source

Aug 21st, 2017 | By
Martin L. Flanagan, president and CEO of Invesco

Invesco has announced it has completed its acquisition of European ETF provider Source. The transaction sees Invesco add Source’s $26 billion in assets under management to Invesco’s own existing global ETF AUM of approximately $120bn. Martin L. Flanagan, president and CEO of Invesco, commented: “The addition of Source’s specialist expertise and product innovation to Invesco’s strong and diversified range of investment capabilities will further enhance our ability to meet the investment needs and outcomes our clients seek.”

Nikko calls China the great disruptor of our time

Aug 17th, 2017 | By
Yu-Ming Wang, CIO, Nikko Asset Management.

By Yu-Ming Wang, CIO, Nikko Asset Management.

As China’s economic development enters a more sophisticated and mature phase, it is beginning to challenge many of the status quos that have been taken for granted since the middle of the 20th century. With its large domestic market and huge savings pool, China does not simply follow the rules. China and its companies are becoming increasingly competitive, disrupting many long-established norms by leveraging various competitive advantages such as economies of scale, product differentiation and erecting higher barriers to new entrants.

Flows into Europe-listed bond ETFs hit by hawkish central banks, reports Lyxor

Aug 16th, 2017 | By
Bond ETF flows hit by hawkish central banks, reports Lyxor

European-listed ETF market flows remained steady in July with net new assets (NNA) over the month totalling €8.7 billion, according to monthly flows analysis from Lyxor. However, fixed income flows decreased to €2.3bn, close to the lowest monthly level of the year.

Transamerica launches new suite of strategic beta ETFs

Aug 14th, 2017 | By
Deutsche launches two strategic beta min vol ETFs

Transamerica Asset Management has launched four new strategic beta ETFs designed to provide core equity strategies with an embedded risk management feature. Called the Deltashares By Transamerica suite, the new ETFs are the first to track the S&P Manged Risk 2.0 Index Series, which offers exposure to a given segment of the equity market while seeking to control volatility.

Global YTD ETP flows surpass 2016 total, finds ETFGI

Aug 14th, 2017 | By
ETFs/ETPs listed in Asia Pacific (ex-Japan) pass $150bn AUM milestone

Exchange-traded funds and exchange-traded products listed globally gathered $43.5 billion in net new assets during July, bringing year-to-date (YTD) flows to $391.3bn and passing the $390.4bn recorded during all of last year, according to ETF industry consultant ETFGI. The strong demand for ETFs/ETPs during July marked the 41st consecutive month of positive net inflows for the industry.

Deutsche introduces GBP-hedged MSCI World ETF to Switzerland

Aug 10th, 2017 | By
Deutsche introduces GBP-hedged MSCI World ETF to Switzerland

Deutsche Asset Management has launched a new share class for the db x-trackers MSCI World Index UCITS ETF, listed on SIX Swiss Exchange. The new share class (Ticker: XDWG) allows investors to gain access to the performance of the MSCI World Index, a widely followed benchmark for global equities performance, while hedging currency risk relative to the British pound.