Global ETF News Older than One Year
Bond ETFs set to hit $1.5 trn by 2022, says BlackRock
October 24, 2017--Bond Exchange Traded Funds (ETFs) look set to double in size in the next five years to $1.5 trillion as investors look for bundled debt solutions that also provide flexibility, according to BlackRock's calculations.
Total bond ETF assets stood at $750 billion as of September 30, according to a note from BlackRock's iShares.
Source: citywireamericas.com
Flow Traders 3Q17 Trading update: Flow Traders continues to grow its market footprint and to roll out structural growth strategy
October 24, 2017--Flow Traders N.V. (Euronext: FLOW) today announced its 3Q17 results (unaudited), stating that:
Flow Traders' global market share reached over 4% in 3Q17, its highest level ever, while market activity declined further
Flow Traders' ETP Value Traded year-to-date shows strong growth Y-o-Y (+16%) versus a declining market ETP Value Traded (-12%) over the same period
Flow Traders' 3Q17 NTI of € 31.7m is a result of tightening spreads and further decrease in market volatility
Flow Traders expects the declining trend in cost growth to continue in 4Q17 towards the lower end of the guided 15-20% cost growth target range for full year 2017
Growth initiatives are underway and developing as planned in all regions
3Q17 EBITDA margin was 24% as a result of the operating leverage of our business model and very slow market conditions
Flow Traders is on schedule to meet all regulatory requirements under MiFID2
Flow Traders intends to increase the pay-out ratio to at least 75% of its net earnings over 2017, pending shareholder approval.
Source: Flow Traders N.V.
Charting a New Path for Water's Future
October 24, 2017--The new report Uncharted Waters: The New Economics of Water Scarcity and Variability looks at how the increasing number of droughts and floods impact farms, firms and families in ways that are far costlier and longer lasting than known before.
New research shows that while the consequences of drought are often invisible, they are significant and cause "misery in slow motion".
With growing populations and greater affluence, the demand for water is growing while the global supply of water is constant, causing increased water deficits especially in areas of particularly high population growth which are also often poor, fragile or in conflict, exacerbating existing problems for vulnerable populations.
view the World Bank report- Uncharted Waters: The New Economics of Water Scarcity and Variability
Source: World Bank
The New Silk Road: 8 steps to ensuring China's $900 billion project is a success
October 24, 2017--What is the New Silk Road?
The Silk Road was the name given in 1877 by the German geographer Ferdinand von Richthofen to the ancient network of trade routes linking China to central and western Asia, India and the Mediterranean region.
Today, China is breathing new life into the Silk Road with the goal of forging stronger relationships with its neighbours through the development and sharing of resources. President Xi Jinping, speaking at the World Economic Forum 2017 in Davos, referred to the ancient Silk Road, highlighting the fact that international trade is an inherent human activity that helped in the past to maintain peace and stability over long periods of time.
Source: WEF (World Economic Forum)
First Bridge 'ETF 20/20': Exchange Traded Fund-October 2017
October 23, 2017--Key Highlights
Our monthly 'ETF 20/20' report briefly summarizes recent Exchange Traded Fund (ETF) trends globally. It uses data from the First Bridge ETF database that includes all global ETPs.
Global ETF assets grew by 2.7% in September 2017 and crossed the $4.5T threshold.
State Street (the third largest ETF issuer in the US by assets) re-named and significantly lowered fees on 15 of its existing ETFs and branded them as 'Portfolio' ETFs.
Bernstein, a subsidiary of $517B asset manager Alliance Bernstein, launched two ETFs in the US under the tickers BERN and BRGL. Bernstein is packaging its active 'Outperform' stock recommendations in the form of index linked ETFs.
There were 1141 new ETF launches in the first 3 quarters of 2017 including cross-listings. Ten issuers accounted for a little more than half of the new listings globally.
US Small Cap ('IWM') was the best performing of 6 ETFs representing the major asset classes in the trailing 1 month through October 20, 2017.
Source: First Bridge
ETF Securities Weekly Flows Analysis-Largest weekly inflows into Robotics since inception
October 23, 2017--Minor gold outflows of US$12.6mn, following inflows over the previous 5 weeks, totalling US$312mn.
Recent rising oil prices have led to outflows in 12 of the last 13 weeks, totalling US$381mn.
Robotics inflows last week totalled US$33mn, the largest weekly inflow since inception.
Gold saw minor outflows of US$12.6mn, following gold inflows over the previous 5 weeks totalling US$312mn. The previous weeks of inflows are on a par to inflows seen in February this year. The gold market has been wrestling with the fact that corporate confidence data (PMIs) has highlighted that developed world growth is at a cycle high, which typically dampens sentiment for gold. Conversely, geopolitical risks, including Catalonia and North Korea keep escalating. The threat of a December interest rate hike in the US and possible tighter monetary policy from the ECB and UK is also likely to put pressure on gold prices in the coming months, particularly as we continue to see better than expected corporate earnings.
Source: etfsecurities.com
Ultumus-USAA and Cathay Securities
October 23, 2017--USA
United Services Automobile Association to list five ETFs
USAA, the group that provides financial services to members and veterans of the US military, is listing six ETFs in New York.
They are:
USAA Core Short-Term Bond ETF (USTB)
USAA Core Intermediate-Term Bond ETF (UITB)
USAA MSCI USA Value Momentum Blend Index ETF (ULVM)
USAA MSCI USA Small Cap Value Momentum Blend Index ETF (USVM)...
Taiwan
Cathay cross-lists funds into USD
Cathay Securities is cross-listing three plain vanilla ETFs into US dollars. They are:
Cathay FTSE China A50 ETF (00636K)
Cathay Nikkei 225 Currency-hedged ETF (00657K)
Cathay Dow Jones Industrial Average ETF (00668K)
Source: ULTUMUS-Financial Data Management
DECPG Global Weekly
October 20, 2017--Taking Stock
U.S. industrial production rebounded in September;
jobless claims fell to a 44-year low.
U.S. industrial production rose 0.3 percent (m/m, sa) in September, after a 0.7 percent decline in August, as the effects of Hurricane Harvey and Irma began to fade.
Output in manufacturing, mining, and utilities expanded, following contracti ons in August. Meanwhile, U.S. initial jobless claims decreased by 22,000 to 222,000 in the week ended October 14,the lowest level since March 1973, pointing to a rebound in job growth after the decline in nonfarm payrolls in September. The less-volatile 4-week moving average of claims dropped 9,500 to 248,500.
Source: World Bank
Ultumus-High Yields and Dividends
October 20, 2017--USA
BlackRock lists high yield corporate bond ETF
BlackRock has listed a new fixed income ETF in the US that gives broad exposure to US dollar denominated corporate junk bonds, the iShares Trust Broad USD High Yield Corporate Bond ETF (USHY).
BlackRock is not the first issuer to track this index. Lyxor has a product doing so in Europe, via swaps (HYST). BlackRock is unlikely to be the last either. High yield debt has been cracked wide open by ETFs in recent years....
VictoryShares lists emerging markets high dividend yield
VictoryShares is listing a new dividend ETF in New York that tracks the highest dividend paying companies in emerging markets, the Victory CEMP Emerging Market High Div Volatility Wtd Index ETF (CEY).
CEY hunts its big dividend stocks via an in-house index. The index takes the “500 largest emerging market companies by market capitalization with positive earnings” the past 12 months...
Europe
UK
BlackRock brings successful biotech ETF to Europe
BlackRock is listing a biotechnology ETF on the London Stock Exchange, the iShares Nasdaq US Biotechnology UCITS ETF (BTEK, BTEC). BTEK tracks an index that takes the NASDAQ and selects its top performing biotechnology and pharmaceutical companies....
BlackRock cross-lists bond ETF into euros
Switzerland
BlackRock makes long-term treasuries ETF available in CHF
BlackRock is making its iShares USD Treasury Bond 20+yr UCITS ETF USD Dist (DTLC) available to Swiss investors in Swiss francs...
Source: ULTUMUS-Financial Data Management
Ultumus-Canadian bank lists Canadian bank ETF
October 19, 2017--Canada
Royal Bank of Canada lists three funds
Canada's largest company, the Royal Bank of Canada, is listing three new ETFs in Toronto. They are:
RBC Canadian Bank Yield Index ETF (RBNK)
RBC 6-10 Year Laddered Canadian Corporate Bond ETF (RMBO)
RBC Short Term US Corporate Bond ETF (RUSB)....
Taiwan
Fubon lists preferred US ETF
Fubon Securities, one of Taiwan's biggest ETF issuers by assets, is listing the Fubon S&P US Preferred Stock ETF (00717) in Taipei. 00717 will track the S&P US Preferred Stock Index, which puts together an index of US preferred stocks.
Source: ULTUMUS-Financial Data Management
