‘ United States and Canada ’

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.

ProShares reduces VIX ETFs’ exposures following volatility blow-up

Feb 28th, 2018 | By
ProShares VIX ETFs reduce exposures following volatility blow-up

ProShares has reduced the degree of exposure underlying its two VIX-related ETFs following rapid, large swings in the products’ values during the equity market sell-off in early February.

ETFs not to blame for market sell-off, says new Fed Chair

Feb 28th, 2018 | By
Fed Chair Jerome Powell

“ETFs were not at the heart of the market decline”, said new Fed Chair Jerome Powell during his testimony to the House Financial Services Committee on Tuesday. In February, markets had the worst week since January 2016, and the eighth worst since 2008. The S&P 500 Index, underlying reference of the $275bn SPDR S&P 500 ETF (SPY US), fell 10% between 26th January and 8th February. Powell was asked to respond to a WSJ article which suggested that the close correlation between sectors during that period of volatility was driven by the growing popularity of ETFs.

Brompton Funds to convert healthcare and tech funds to ETFs

Feb 28th, 2018 | By
Brompton Funds Healthcare Technology ETFs

Canada-based Brompton Funds has announced that its Global Healthcare Income & Growth Fund and Tech Leaders Income Fund will convert from closed-end investment funds into ETFs, as of 3 April 2018.

Franklin Templeton lists ETFs on SIX Swiss Exchange

Feb 27th, 2018 | By
Franklin Templeton lists ETFs on SIX Swiss Exchange

Franklin Templeton has extended its reach into Europe by cross-listing five smart beta ETFs on the SIX Swiss Exchange. The ETFs, targeting global, US, or European equities, are part of the Franklin Liberty Shares range and consist of multi-factor and quality income strategies. They are already available on the London Stock Exchange, Deutsche Börse and Borsa Italiana.

Thomson Reuters and Affinity partner to launch StarMine World Leaders Index

Feb 26th, 2018 | By
Stephan Flagel, global head of benchmarks and indices at Thomson Reuters

Thomson Reuters has partnered with Affinity to launch the Thomson Reuters StarMine Affinity World Leaders Index. Stephan Flagel, global head of benchmarks and indices at Thomson Reuters commented: “Today’s global equity investors need indices that not only provide greater access to global markets, and related sub-sectors, but also provide a greater level of transparency.”

Deutsche lowers fees on four Xtrackers equity ETFs in US

Feb 26th, 2018 | By
Deutsche lowers fees on Xtrackers international equity ETF suite

Deutsche Asset Management has lowered the expense ratios for three international equity and one domestic equity Xtrackers ETFs listed in the US. Fiona Bassett, global co-head of passive asset management, said, “We are committed to providing competitive expense ratios for clients looking to invest domestically or to allocate to international equity markets.”

Whitford enters ETF space with low volatility fund launch

Feb 26th, 2018 | By
Whitford enters ETF space with Volshares fund launch

Whitford Asset Management , a Pennsylvania, US-based investment firm, has launched its first ETF – the Volshares Large Cap ETF (VSL US) – providing a smart beta approach to volatility-themed investing based upon the firm’s proprietary investment strategy.

Vident Financial shifts ETF suite to NYSE Arca

Feb 23rd, 2018 | By
Vident Financial shifts ETF suite to NYSE Arca

Vident Financial has changed the primary listing venue across all Vident ETFs from Nasdaq to NYSE Arca. The funds involved include the Vident International Equity ETF (VIDI US), Vident Core US Equity ETF (VUSE US), Vident Core US Bond Strategy ETF (VBND US) and the Weatherstorm Forensic Accounting Long-Short ETF (FLAG US).

Amplify Online Retail ETF reaches $200m AUM milestone

Feb 23rd, 2018 | By
Amplify ETFs launches YieldShares Dividend & Option Income ETF

Amplify ETFs has announced that its flagship product, the Amplify Online Retail ETF (IBUY US), surpassed $200 million in assets under management as it continues to capitalize on the global growth of online retail sales. Christian Magoon, founder and CEO of Amplify ETFs, commented, “Online retail sales only constitute 9% of total US sales, and we believe e-commerce is a trend that will gain significant momentum well into the future.”