ETF Express Newsletter 03.03.23

Global expansion

This week’s ETF Express stories have seen us reporting on ETF growth across the world, from India to China to Italy, and, with the launch of our new monthly column, Canada.
Cerulli Associates brought us news of the growth of passive equity-linked savings schemes (ELSS) in India which bring with it the potential for growth in the ETF issuer market, the firm says. In the initial years, Cerulli believes passive ELSS could offer prospective market entrants as well as existing small and mid-sized firms the opportunities to attract investors, due to low-cost nature of these products. The firm writes that as the SEBI continues with its efforts to drive down the fees of mutual fund products, industry dynamics could probably lead a few more fund houses to consider launching passive ELSS. As and when this happens, firms with more assets would be in a better position to ride out fee compression, the firm says.
We also reported on China-headquartered asset management firm CSOP’s review of 2022 for ETFs, which noted that over the year the market size of the Hong Kong ETP market shrank amid the weak market, but the average daily turnover and net fund inflows both increased to a new high in nearly four years.
We have an interview with a new asset manager in Italy, Mario Bonaccorso, who has launched Investlinx, with the claim that it is the first investment manager company in Europe to offer ETFs that provide actively managed portfolios investing directly in both equity and fixed income securities without reference to any benchmark index.
Bonaccorso tells us that the decision to establish Investlinx was driven by his belief that the traditional investment management industry has inefficiencies in how investors’ capital is managed.
And then we have Canada, with Kyle Anthony, our new Canadian writer, launching our new monthly summary of ETF launches, revealing that in February there were 15 new ETF offerings in Canada, with covered call strategies being a common theme. We are also very pleased to be launching our first Canadian ETF awards in June. Nominations for ETF service providers in Canada will open on 10th April.
In other news this week from ETF Express, I have announced that ETF Express is collaborating with IMpower FundForum, Europe’s largest asset and wealth management event, on its ETF sessions this summer in Monte Carlo.
To view the current agenda please click here.
Delegates can receive a 10 per cent discount using this code FKN3253EMSPK, following this link and asset managers can receive a further 50 per cent discount.
Beverly Chandler, Managing Editor
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Companies in this issue
abrdn
Cerulli Associates
CSOP
Investlinx
JP Morgan

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