‘ Themes and Strategy ’

Smart Beta vs Factors in Portfolio Construction

Sep 6th, 2017 | By
Smart Beta vs Factors in Portfolio Construction

By Nicolas Rabener, Founder, FactorResearch.

FTSE Russell’s 2017 Smart Beta Investor Survey showed that the Number 1 objective for evaluating smart beta strategies was for risk reduction, followed by return enhancement. Naturally there are many types of smart beta strategies available to investors today, however, they are nearly all long-only products. If equity markets crash, then smart beta products will also crash and would not substantially reduce portfolio risks.



Healthtech ETFs get shot in the arm

Sep 6th, 2017 | By
Healthtech ETFs get shot in the arm

ETFs tracking biotechnology and healthcare technology equities have posted impressive recent performance: since 21 August 2017, the Source NASDAQ Biotech UCITS ETF (LON: SBIO) is up 10.2% and the iShares Healthcare Innovation UCITS ETF (LON: HEAL) has returned 5.6%. In comparison, the S&P 500 rose just 2.0% over the same period.



WisdomTree predicts multi-year bull market in Indian equities

Sep 6th, 2017 | By
Equities India ETFs

By WisdomTree’s economic research team.

We recently spoke with Ridham Desai, who heads Morgan Stanley’s India Equity Research. Desai recently made headlines when he said “India’s market can triple in next five years.” We agree with Desai on his bullish outlook for India, and in our opinion India’s earning expansion and equity inflows will be propelled by two fundamental shifts in the economy.



Lyxor merges USD/EUR share classes for S&P 500 VIX ETF

Sep 6th, 2017 | By
Lyxor merges USD/EUR share classes for S&P 500 VIX ETF

Lyxor has announced in a letter to shareholders that it is merging the US dollar-denominated and euro-denominated share classes of the Lyxor S&P 500 VIX Futures Enhanced Roll UCITS ETF. As of 3 October 2017, the euro share class will absorb its US dollar counterpart and the US dollar-denominated share class will cease to exist.



Heating oil and gasoline ETPs hit two-year highs in Hurricane Harvey’s wake

Sep 5th, 2017 | By
Hurricane Harvey ETFs ETF Securities

Harvey, the first category three hurricane to make landfall in the US since 2005, has sent the prices of ETPs tracking heating oil and gasoline to their highest levels since summer 2015 after the storm damaged a third of US oil refineries when it swept through the Gulf Coast at the end of August.



Point Bridge to launch “make America great again” ETF

Sep 5th, 2017 | By
US Equity ETFs: US corporates can ride out eurozone crisis

Texas-based Point Bridge Capital is to launch the Point Bridge GOP Stock Tracker ETF (MAGA), whose ticker code stands for “make America great again”. The ETF will invest in companies that have employees or activities that support Republican party candidates for election to senior positions through donations.



Elkhorn to close suite of S&P mid-cap sector ETFs

Sep 5th, 2017 | By
Elkhorn to close suite of S&P mid-cap sector ETFs

Elkhorn Investments has announced its range of US mid-cap sector ETFs are to close. The nine funds track various sector-specific exposures derived from the S&P Midcap 400 Index using the sector definitions offered by Standard & Poor’s Global Industry Classification Standard (GICS).



S&P DJI: Metals never had an August this hot

Sep 5th, 2017 | By
S&P DJI: Metals never had an August this hot

By Jodie Gunzberg, managing director, product management, S&P Dow Jones Indices.

August 2017 was the first August on record that all the metals gained together (since 1995 – the earliest year all seven metals were included in the index,) and it was the first month every metal gained together since September 2016. As a result, the S&P GSCI All Metals Total Return Index gained 7.3% in August, posting its best August ever since 1995.



BNP Paribas’ ex-controversial weapons ETFs enjoying large inflows

Sep 4th, 2017 | By
Isabelle Bourcier, head of ETF & Index solutions within BNP Paribas Easy.

BNP Paribas Easy has reported that its European, Japan and emerging market ‘ex-Controversial Weapons’ ETFs have seen strong inflows this year, attracting €259m, €349m and $304m of net inflows respectively year-to-date. Isabelle Bourcier, head of ETF & Index solutions within BNP Paribas Easy, commented: “BNP Paribas Easy ex-Controversial Weapons range offers a unique answer, straightforward to explain, as it reflects the most common sense criteria for investing in a responsible manner including at the retail level.”



Direxion to close 12 inverse & leveraged sector ETFs

Sep 4th, 2017 | By
Direxion to close 12 inverse & leveraged sector ETFs

Inverse and leveraged ETF provider Direxion has announced its decision to close and liquidate twelve funds, each providing investors with a targeted sector play. All but one of the funds scheduled for closure offer inverse exposure to their underlying index, indicating the effect the ongoing equities bull market has had on demand for bearish products.