‘ Markit ’

Lyxor launches new ‘Core’ ETF range, with fees as low as 4bps

Mar 21st, 2018 | By
Lyxor launches new ‘Core’ ETF range, with fees as low as 4bps

Lyxor has launched a new range of ‘Core’ ETFs with total expense ratios starting from just 4 basis points. The range is composed of 16 ETFs covering the major equity markets as well as gilts and TIPS on the fixed income side. Four new ETFs have been launched to complement 12 existing, re-badged ETFs whose fees have been cut. Arnaud Llinas, head of ETFs and indexing at Lyxor, said, “Investors tell us they want simple, high quality ETFs at low costs. We’ve launched our Core range to achieve precisely that.”

BlackRock extends iShares offering on SIX Swiss Exchange

Mar 16th, 2018 | By
BlackRock extends iShares offering on SIX Swiss Exchange

BlackRock has introduced 15 new trading lines for iShares products on SIX Swiss Exchange, comprising equity and fixed income exposures. The new listings – a mix of accumulating, distributing and currency-hedged share classes – expand the range of tools available for Switzerland-based investors.

Deutsche expands ‘yield plus’ suite with USD corporate bond ETF

Mar 14th, 2018 | By
Deutsche adds USD corporate bond ETF to yield-plus suite

Deutsche Asset Management has added a new ‘yield plus’ corporate bond ETF to its product line-up with the launch of the Xtrackers iBoxx USD Corporate Bond Yield Plus UCITS ETF (XYLD) on the London Stock Exchange and Deutsche Börse. The fund tracks the Markit iBoxx USD Corporates 1-20 Yield Plus Index, providing exposure to higher yielding, mostly investment-grade, corporate bonds denominated in US dollars.

High-yield bond ETFs attract record demand from short sellers

Mar 1st, 2018 | By
Sam Pierson IHS Markit

By Sam Pierson, analyst at IHS Markit.

Short demand for high-yield bond ETFs is at the highest level recorded, currently over $7bn in total. Demand remains elevated despite a rally off the lows, which recovered half of the year-to-date losses for the products.

BNP Paribas launches distributing share class for defensive European high yield bond ETF

Feb 13th, 2018 | By
BNP Paribas launches distributing share class for defensive European high yield bond ETF

BNP Paribas has introduced a distributing share class for the BNP Paribas Easy High Yield Europe Defensive UCITS ETF, a recently launched fund offering exposure to the European high yield credit market while hedging against market downturns through the use of a protective put strategy.

BlackRock cross-lists five iShares fixed income ETFs to SIX

Dec 13th, 2017 | By
Investors ditch US equity ETPs in February amid market sell-off, finds BlackRock

BlackRock has cross-listed five fixed income ETFs to SIX Swiss Exchange. The suite of iShares funds provides exposure to inflation-linked government bonds, EUR-denominated high yield corporate bonds, USD-denominated corporate bonds, long-term Treasuries, and a core portfolio of corporate bonds.

IHS Markit and KRX launch Korean smart beta indices

Nov 1st, 2017 | By
IHS Markit and KRX launch Korean smart beta indices

IHS Markit and Korea Exchange (KRX) have launched two new smart beta indices that track South Korean equities. The indices will allow ETFs and other market participants to track publicly traded Korean Companies with the strongest dividend prospects based on IHS Markit research.

IndexIQ cuts fees for hedge fund ETF

Oct 24th, 2017 | By
Bermstein: Exponential rise in indices spells death of benchmarking

IndexIQ has reduced the management fee charged for its IQ Hedge Multi-Strategy Tracker ETF (NYSE Arca: QIA) from 0.75% to 0.53%. Including the acquired fund fees, the total expense ratio will now be 0.76%, effective 1 November 2017.

ICE completes acquisition of BofAML index division

Oct 23rd, 2017 | By
ICE completes acquisition of BofAML index division

Intercontinental Exchange (ICE), the owner of NYSE, has completed its acquisition of the index business of Bank of America Merrill Lynch (BofAML) encompassing more than 5,000 fixed income, currency and commodity indices. With the completion of the acquisition, ICE estimates AUM benchmarked against its combined fixed income index suite will be nearly $1 trillion.

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.