Americas ETP News
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Franklin Templeton Targets More Assets in ETF Overhaul
July 18, 2022--Firm is renaming some of its ETFs to align brand recognition
Converting mutual funds to ETFs is also being explored
Franklin Templeton Investments, the roughly $1.4 trillion asset manager known for its mutual-fund business, has its sights set on getting bigger in the cut-throat ETF market.
The San Mateo, California-based company aims to quadruple its exchange-traded funds business to $50 billion in the next three years, said Patrick O'Connor, head of global ETFs. That would put it roughly within the top 10 ETF managers, though well behind industry heavyweights Vanguard Group Inc. and BlackRock Inc., who each have at least $1.8 trillion under management.
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Source: bloomberg.com
Harbor Capital Advisors Expands ETF Suite with Second Corporate Culture Strategy
July 18, 2022--ETF Will Be Powered by Irrational Capital's Human Capital Factor Scores
Harbor Capital Advisors, Inc. ("Harbor"), a premier multi-manager investment firm offering access to innovative and specialized expertise across a range of investment strategies and vehicles, today announced that it is adding to its exchange-traded fund (ETF) lineup by bringing a new Harbor Corporate Culture ETF (HCFI) to market in October, upon completion of the registration process.
This offering is in addition to the firm's growing lineup of ETFs across investment themes and asset classes. Along with ETFs, Harbor Capital offers a curated experience of mutual funds and collective investment trusts (CITs).
The fully transparent ETF will seek to provide investment results that correspond, before fees and expenses, to the performance of the CIBC Human Capital Index (the "Index").
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Source: Harbor Capital Advisors, Inc
ETFGI reports the ETFs industry in the United States gathered net inflows of 44.05 billion US dollars in June 2022
July 18, 2022--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that ETFGI reports the ETFs industry in the United States gathered net inflows of 44.05 billion US dollars in June, bringing year-to-date net inflows to US$307.49 billion.
During the month, assets invested in US ETF/ETP industry decreased by 6.6%, from US$6.62 trillion at the end of May to US$6.18 trillion, according to ETFGI's June 2022 US ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
Net inflows of $44.05 billion in June 2022.
Net inflows of $307.49 Bn are the second highest on record in H1 2022, after net inflows of $472.18 Bn in H1 2021.
Assets of $6.18 Tn invested in ETFs and ETPs listed in US at the end of H1 2022.
Assets decreased 14.3% in H1 2022, going from $7.21 Tn at end of 2021 to $6.18 Tn.
$755.08 Bn in net inflows gathered in the past 12 months.
Equity ETFs and ETPs listed in the US gathered net inflows of $158.73 Bn in H1 2022 are the second highest on record after net inflows of $327.43 Bn in H1 2021.
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Source: ETFGI
BlackRock Projects Global Bond ETF Assets to Reach $5 Trillion by 2030
May 18, 2022--Faster investor adoption and novel bond ETF applications driving 23% annual growth rate
Despite the most challenging fixed income market in decades, BlackRock projects that global bond exchange-traded funds (ETFs) assets under management (AUM) will triple to $5 trillion by 2030.1
The extreme market volatility in the early days of the pandemic reinforced the versatility of bond ETFs. As a result, over the past two years more wealth managers have put bond ETFs at the center of their portfolios and institutional adoption of bond ETFs has broadened and deepened
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Source: ishares.com
Dimensional's conversion of mutual funds into ETFs pays off
July 15, 2022--The first four such vehicles notch up $4.2bn in a year while mutual funds outflows hit $14bn
Dimensional Fund Advisors' decision to convert a number of mutual funds into exchange traded funds has been vindicated after the first four such vehicles pulled in $4.2bn in a year even as the company's mutual funds bled $14bn.
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Source: ft.com
Harbor Capital Advisors Launches Energy Transition Strategy ETF
July 14, 2022--Harbor Capital Advisors, Inc. ("Harbor"), a premier multi-manager investment firm offering access to innovative and specialized expertise across a range of investment strategies and vehicles, today announced the launch of the Harbor Energy Transition Strategy ETF (RENW).
The fully transparent ETF will seek to track the performance of the Quantix Energy Transition Index (the "Index") before fees and expenses. The Index was developed by Quantix Commodities LP ("Quantix") and is owned by Quantix Commodities Indices, LLC.
The commodities that comprise the Index serve one of the three purposes associated with the theme: (1) they are used to construct the new energy infrastructure (e.g. copper, aluminum, and silver); (2) they are "bridge fuels" that are less carbon-intensive and will provide energy between now and the net-zero state (e.g. natural gas); or (3) they incentivize investment in the new energy infrastructure (e.g. carbon credits).
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Source: Harbor Capital Advisors, Inc
Matthews Asia Launches First Active ETF Strategies To Meet Growing Client Need
July 14, 2022--Matthews Asia launched three active exchange traded funds (ETFs) on the New York Stock Exchange (NYSE) today that focus on global emerging markets, Asia and China.
Matthews Asia launched three active exchange traded funds (ETFs) on the New York Stock Exchange (NYSE) today that focus on global emerging markets, Asia and China.
The investment strategies of Matthews Asia's new active ETFs will be substantially similar to existing mutual funds and be managed using the Firm's long-standing fundamental research approach that seeks to identify compelling investment opportunities that we believe can generate above index returns.
The three active ETFs:
Matthews Emerging Markets Equity Active ETF
Matthews Asia Innovators Active ETF
Matthews China Active ETF.
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Source: matthewsasia.com
New ETF Launches May Outpace 2021 Surge on Single-Stock Offers
July 19, 2022--Reeling from a first half that saw the ETF market shrink by about $1 trillion, fund issuers may get a lifeline from a new class of products and a potential rebound in financial markets, Bloomberg Intelligence says.
Exchange-traded fund issuers, who introduced new products at a rapid pace to start the year, saw filings drop by half after Russia's invasion of Ukraine roiled markets, essentially finishing the first half flat. But there's optimism that filings and listings can stage a comeback in the second half of 2022.
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Source: bnnbloomberg.ca
Bank Fees Are 'Significantly Eroding' Russia ETF, VanEck Warns
July 13, 202--Depository-receipt fees costing at least 20% of RSX's assets
VanEck urges banks to 'do the fair thing' and waive fees
The money manager behind a Russia-focused ETF that collapsed after the country invaded Ukraine is warning that bank fees are "significantly eroding" what little of the fund's value remains.
VanEck said Citigroup Inc., JPMorgan Chase & Co. and Bank of New York Mellon are charging fees on Russian depository receipts that its Russia ETF (ticker RSX) primarily holds, costing at least 20% of the product's assets, which have slumped to about $37 million.
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Source: bloomberg.com
ETFGI reports the ETFs industry in Canada suffered net outflows in June 2022 after 35 months of consecutive net inflows
July 12, 2022--ETFGI, a leading independent research and consultancy firm covering trends in the global ETFs/ETPs ecosystem, reported today that the ETFs industry in Canada suffered net outflows in June 2022 after 35 months of consecutive net inflows.
ETFs listed in Canada suffered net outflows of US$644 million during June, bringing year-to-date net inflows to US$15.28 billion. In June 2019 the ETFs industry in Canada suffered net outflows of US$46 million.
During the month, Canadian ETF assets decreased by 6.3%, from US$260 billion at the end of May to US$243 billion, according to ETFGI's June 2022 Canadian ETFs and ETPs industry landscape insights report, the monthly report which is part of an annual paid-for research subscription service. (All dollar values in USD unless otherwise noted.)
Highlights
Assets of $243 Bn invested in ETFs listed in Canada at the end of H1 2022.
Assets have decreased 10.9% in H1 2022, going from $273 Bn at the end of 2021, to $243 Bn.
Net outflows of $644 Mn in June 2022 – the first month of net outflows in 3 years.
1st month of net outflows.
Net inflows of $15.28 billion in H1 2022 are the third highest on record, after net inflows of $26.35 billion in H1 2021 and net inflows of $16.82 billion in H1 2020.
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Source: ETFGI
