ETF Securities Macro & Equities Research: The UK to enter the economic doldrums
July 25, 2017--Summary
A combination of weaker loan growth, sterling weakness, squeezed corporate margins and negative real wages are
likely to push the UK into a period of very low growth in the coming year.
UK corporates have seen a substantial deterioration in interest cover, and falling earnings caused by a weakening
economy are likely to exacerbate the deteriorating economic growth outlook.
view more
Source: etfsecurities.com
IMF Country Focus-Euro Area: There Is Recovery, But Reforms Are Needed
July 25, 2017--Euro area recovery has strengthened over the last year, bringing with it more jobs and opportunities. All euro area members are sharing in the recovery now, with the differences in growth rates across countries at their lowest level since the launch of the euro in 1999.
But even as the euro area economy gathers momentum, it still faces the hurdles of high public debt in some states, a lack of convergence in income levels among countries, and the need to reduce imbalances that built up before the crisis.
view the IMF Country Report-Euro Area Policies: 2017 Article IV Consultation
Source: IMF
Hedge fund professionals anticipate greater use of ETFs
June 24, 2017--More than nine out of ten (92%) of senior hedge fund professionals expect to see an increased value of ETFs being used within their industry this year, according to research commissioned by European ETF provider Source.
The survey, conducted by PollRight, involved interviewing 60 senior professionals working in the global hedge fund industry between 5-29 June 2017.
view more
Source: etfstrategy.co.uk
Lyxor adds unique 1-3y US Dollar, & Euro ETFs to High Yield range
July 24, 2017--Lyxor's new short-dated US Dollar & Euro High Yield ETFs offer investors a defence against rising interest rates.
Lyxor's focus on 1-3 year High Yield bonds is unique on the US Dollar side, and means their ETFs have a lower duration1, and are less sensitive to interest rate changes than others.
Lyxor's new Lyxor BofAML $ Short Term High Yield Bond UCITS ETF and Lyxor BofAML € Short Term High Yield Bond UCITS ETF have a Total Expense Ratio of just 0.30%, making them the lowest cost in Europe1.
view more
Source: Lyxor
Lyxor-Two new infrastructure ETFs launched
July 24, 2017--Lyxor has launched two new infrastructure focused ETFs.
The Lyxor FTSE USA Core Infrastructure Capped UCITS ETF and the Lyxor FTSE Developed Europe Core Infrastructure Capped UCITS ETF focus on listed infrastructure companies. The funds track The FTSE Core Infrastructure Indexes-providing exposure to 64 US or 33 Developed Europe companies that derive at least 65% of their revenue from the development, ownership, operation, management and/or maintenance of transportation, energy or telecommunications infrastructure.
view more
Source: Lyxor
ULTUMUS-Global ETF Monitor
July 24, 2017--Europe
Commodities specialist ETF Securities has cross-listed two All Commodities ETFs into Germany. BCOM tracks a basket of 22 commodities-which is largely made up of metals and oil-related products...
UBS has cross-listed an interest rate hedged corporate bond ETF into Italy (CBUSIH) and London (CUIH). The ETFs track the debt of major American corporates, with an eye to liquidity...
view more
Source: ULTUMUS-Financial Data Management
Ossiam Shiller Barclays CAPE US Sector Value ETF reaches $1bn in AUM
July 24, 2017--Ossiam has reported that the Ossiam Shiller Barclays CAPE US Sector Value UCITS ETF (LON: UCAP) passed the $1 billion assets under management milestone in June.
Launched just two years ago, the ETF tracks the Shiller Barclays CAPE US Sector Value Net TR Index, developed jointly by Barclays and Nobel Prize-winning economist Professor Robert Shiller.
Deutsche Asset Management launches research institute
July 23, 2017--Mifid II forces fund managers to reduce their reliance on external research providers
view more
Source: FT.com
Three new iShares equity and bond ETFs launched on Xetra
July 21, 2017--Three new exchange traded funds (ETFs) issued by iShares have been tradable on Xetra and Börse Frankfurt since Friday.
The two equity index ETFs enable investors to participate in the performance of European and global stock corporations that are characterised by above-average dividend yields and exceptional quality. The quality criteria comprise growth, sustainability and reliable dividend distributions. The iShares USD Floating Rate Bond UCITS ETF enables investors to participate in the performance of floating rate bonds denominated in US dollars issued by companies and quasi-government issuers around the world. Index component criteria include an investment grade rating as well as a minimum term of one month and a maximum of five years.
Name: iShares MSCI Europe Quality Dividend UCITS ETF
Asset class: equity index ETF
ISIN: IE00BYYHSM20
Total expense ratio: 0.28
view more
Source: Deutsche Börse Cash Market
LSE July 2017 ETF & ETP Monthly Report
July 20, 2017--Listings
14 new ETFs were listed on LSE in June 2017.
There are now 912 ETFs (available as 1,398 lines through multi-currency offerings) and 457 other ETPs (available as 526 lines) on our London market.
Amundi were our most active issuer by number of new listings this month, bringing 3 equity and 2 fixed income ETFs to London.
MSCI North America UCITS ETF DR, MSCI World UCITS ETF DR and FTSE EPRA NAREIT Global UCITS ETF DR provide exposure to US and global stocks, and the global real estate market respectively. Amundi Index J.P. Morgan GBI Global Govies UCITS ETF DR and Amundi Index Barclays Global AGG 500M UCITS ETF DR track indices which provide global exposure to government bonds...
Trading Activity
Orderbook value traded for ETFs and other ETPs in June 2017 was £8.4 billion (222k trades), down by 15% compared to June 2016.
ETFs accounted for 88% of orderbook value traded and other ETPs (ETCs and ETNs) accounted for 12% in June 2017.
Other ETP orderbook value traded was led by ETCs exposed to Precious Metals and Oil in June 2017...
view more
Source: London Stock Exchange Group