‘ United States and Canada ’

Sun Life Global to acquire Excel Funds

Sep 11th, 2017 | By
First Asset launches actively managed Canadian REIT and dividend ETFs

Canadian financial services firm Sun Life Global has agreed to buy Toronto-based asset manager Excel Funds Management in a move which will add ETFs to Sun Life’s roster of funds for the first time.



Franklin Templeton adopts Euroclear’s international ETF structure for European ETFs

Sep 8th, 2017 | By
Franklin Templeton partners with Euroclear to debut ETFs in Europe

Franklin Templeton has adopted Euroclear’s international security structure for its European line-up of ETFs. Launched in 2013, Euroclear’s international structure for ETFs aims to bring increased efficiency to a process that had previously only been supported by fragmented domestic market practices across Europe.



UBS launches currency-hedged US multifactor ETF on SIX

Sep 8th, 2017 | By
UBS launches currency-hedged US multifactor ETF on SIX

UBS has listed three share classes of the UBS MSCI USA Select Factor Mix ETF on Switzerland’s SIX Exchange, providing currency-hedged multifactor exposure to US equities. The three share classes offer investors the choice of currency hedging between the US dollar and sterling, euros, or swiss francs.



Goldman Sachs launches smart beta HY corporate bond ETF

Sep 8th, 2017 | By
Goldman Sachs launches smart beta high yield corporate bond ETF

Goldman Sachs Asset Management (GSAM) has launched the Goldman Sachs Access High Yield Corporate Bond ETF (NYSE Arca: GHYB), offering smart beta exposure to US dollar-denominated high yield corporate bond markets.



BlackRock introduces currency hedged versions of floating rate bond ETF

Sep 8th, 2017 | By
BlackRock to transfer 50 iShares ETFs to Nasdaq or Bats

BlackRock has introduced GBP and EUR hedged versions of its iShares USD Floating Rate Bond UCITS ETF (LON: FLOT). The move comes at a time when the dollar is losing ground against other major currencies which may be discouraging investors from holding unhedged dollar-denominated assets.



Strategic beta ETFs simply repackage risk, finds Morningstar

Sep 8th, 2017 | By
ETF providers take action to improve transparency and safeguards around securities lending

Strategic beta ETFs (also widely known as smart beta ETFs) may not be as distinctive as advertised – market capitalisation weighted ETFs may be able to capture some of the performance drivers of strategic beta alternatives at a lower cost, finds Morningstar.



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.



PIMCO launches three RAFI multi-factor equity ETFs

Sep 6th, 2017 | By
Smart Beta & Factor Correlations to the S&P 500

PIMCO has launched three smart beta equity ETFs providing investors with diversified exposure to US, international, and emerging market stocks. The funds target multiple factors including value, quality, low volatility, momentum and size which research shows have historically outperformed the broader equity market over the long term.



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.