Ossiam adds ESG screening to US minimum variance ETF
June 21, 2017--Smart beta ETF provider Ossiam has announced it is implementing changes to the Ossiam US Minimum Variance ETF to include ESG screening and switch from synthetic to physical replication. As a result, the name of the ETF will change to Ossiam US Minimum Variance ESG ETF (LON: USMV).
The fund will track the US ESG Minimum Variance Index which reflects the performance of a dynamic selection of 90% of the most liquid stocks satisfying ESG criteria from the Solactive US Large Cap Index.
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Source: etfstrategy.co.uk
UBS AM launches commodity ETF on LSE TER of 0.37%
June 21, 2017-- UBS Asset Management has launched a commodity ETF, the Bloomberg Commodity CMCI SF UCITS ETF on the London Stock Exchange.
It has a total expense ratio (TER) of 0.37% and will track the Bloomberg Commodities index, the largest benchmark for broad commodity-tracking assets.
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Source: Reuters
Official Statistics: Forecasts for the UK economy: June 2017
June 21, 2017--Forecasts for the UK economy is a monthly comparison of independent forecasts.
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Source: HM Treasury
BlackRock launches iShares global and European quality dividend ETFs
June 20, 2017--BlackRock has rolled out two new iShares ETFs tracking high income companies which have been screened for strong financial health and sustainable dividend payments.
The funds have begun trading on the London Stock Exchange and offer global or European targeted exposure.
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Source: etfstrategy.co.uk
Monday Morning Memo: Review of the European ETF Market-May 2017
June 19, 2017--The promoters of exchange-traded funds (ETFs) enjoyed net inflows for May. These net inflows led to increased assets under management in the European ETF industry (€578.1 bn) for May, up from €570.6 bn at the end of April. The increase of €7.5 bn for May was driven mainly by net new sales (+€9.0 bn), while market performance contributed a negative €1.5 bn to the assets under management in the ETF segment.
With regard to the overall number of products, it was not surprising that equity funds (€406.7 bn) held the majority of the assets, followed by bond funds (€142.3 bn), commodity products (€17.6 bn), "other" funds (€7.1 bn), money market funds (€3.7 bn), mixed-asset funds (€0.5 bn), and alternative UCITS products (€0.3 bn).
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
Clearstream May report shows ETF assets topping 300Euro billion
June 19, 2017--Custody business for European ETFs grew by 25 percent over past 12 months
Vestima platform simplifies complex cross-border transactions for ETF issuers
Exchange-traded funds (ETFs) have been highly successful with investors in recent years. Clearstream's latest monthly report testifies to the buoyant demand for these passively managed, flexible and extremely versatile instruments, which are meeting the needs of an increasingly sophisticated investor community.
view the Clearstream Monthly Report May 2017
Source: Deutsche Börse Group
BlackRock takes Scalable Capital stake in Europe 'robo-advisor' push
June 19, 2017--BlackRock (BLK.N), the world's biggest asset manager, made its first push into Europe's "robo-advice" market on Tuesday after taking a stake in Anglo-German digital investment manager Scalable Capital.
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Source: Reuters
VanEck consolidates UCITS ETFs and active funds
June 19, 2017--VanEck has announced the consolidation of its UCITS platforms, consisting of passively managed ETFs and actively managed mutual funds in Europe, into a newly established legal entity in Ireland, the VanEck ICAV.
According to VanEck, the consolidation of its UCITS platforms marks the next step in the company's business expansion following the integration of VanEck's European ETF and active fund business into one business unit in 2016.
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Source: etfstrategy.co.uk
New Bats European Benchmark Indices Now Live
June 19, 2017--One year since launching its index business, Bats offers full benchmark index coverage across Europe
New comparison charting tool on Bats Indices website allows users to compare indices across markets, geographies and sectors
Bats Europe (Bats), a CBOE Holdings, Inc. company and the region's largest equities exchange operator, today announced it has gone live with 18 new regional European benchmark indices, including the Bats Eurozone 50, Bats Nordic 40 and Bats Europe All Companies.
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Source: Bats Global Markets