| | ETF assets back to over USD6 trillion
This week brought all the reports on ETF activity over May, most of which reported ETF inflows bouncing back to pre-crisis levels. The news was sealed with latest figures from ETFGI which revealed that assets invested in the global ETFs/ETPs industry had increased by 4.7 per cent, from USD5.84 trillion at the end of April 2020, to back over that USD6 trillion benchmark at the end of May, with assets of USD6.10 trillion.
This week’s newsletter brings you a range of stories on assets and launches in our sector, starting with Bloomberg’s range of US multi-asset indices, which includes a risk parity index offering, designed with the aim of providing equal risk exposure to the two underlying indices. The risk measure used is one year daily exponentially weighted volatility. Bloomberg’s Global Head of Equity and Strategy Indices, Dave Gedeon, comments: “The Risk Parity methodology can create a smoother return path as evidenced by recent times.”
ESG continues to feature heavily in demands from investors, with Lyxor revealing ESG ETF assets in Europe are at a record level and Beyond Investing’s Claire Smith reporting outperformance of the S&P 500 for her two year old VEGAN ETF.
Work is continuing apace on the etfLIVE North America Digital Summit to be held in October 2020. If you are interested in being involved as a speaker or sponsor, the current programme is here… If you would like to take a peek at what we got up to at the European version in May, videos of the panel discussions are here…
Beverly Chandler
Managing Editor, ETF Express
Companies in this issue
Beyond Investing
Bloomberg
Direxion
Franklin Templeton
Leverage Shares
Lyxor
Morningstar
Ossiam
Principal Global Investors
Refinitiv
SPDR
VEGAN
| | | | | | Morningstar comments on ETF fees, new structures and that retail trading frenzy | | Thu | 18 Jun 2020, 17:05 | | Morningstar’s Director of Global ETF Research, Ben Johnson, has commented on the latest annual US fund fee study from Morningstar which shows that in 2019 the asset-weighted average expense ratio across all mutual funds and ETFs was roughly half what investors paid in fund fees as of 20 years ago at 0.45 per cent. |
| | | | Lipper figures show May ETF inflows bouncing back | | Thu | 18 Jun 2020, 17:05 | | Refinitiv reports that its Lipper data reveals that the promoters of ETFs in Europe experienced net inflows of EUR5.3 billion for May, bringing the total up to EUR798.7 billion, as markets bounced back from their lows. |
| | | | VEGAN outperforms the S&P 500 over its first two years | | Thu | 18 Jun 2020, 17:05 | | Beyond Investing’s US Vegan Climate Index, a low-carbon benchmark for cruelty-free and sustainable investing, is two years old, and is celebrating the fact with an announcement that it has enjoyed outperformance versus the S&P 500 of 5.93 per cent, an annualised excess return of 2.92 per cent with a tracking error of 1.39 per cent since launch. |
| | | | | | | | SPDR comments on best sectors for investors | | Thu | 18 Jun 2020, 17:05 | | Rebecca Chesworth, Senior ETF Strategist at SPDR, has commented that healthcare is currently the most attractive sector for investors, with further opportunities to be found in Technology; Communication Services; Consumer Staples and Utilities. |
| | | | Lyxor’s May ETF figures show ESG ETF assets at record level | | Thu | 18 Jun 2020, 17:05 | | Vincent Denoiseux, Head of ETF Research and Solutions at Lyxor ETF has published a report that reveals ESG ETF inflows were strong over the month of May, with EUR2.4 billion flowing in, creating a record year so far for ESG ETFs, and assets up at EUR10.6 billion. |
| | | | Bloomberg launches US multi-asset indices | | Thu | 18 Jun 2020, 17:05 | | Bloomberg has launched the Bloomberg US Multi-Asset Indices, comprising Bloomberg indices across the major asset classes, with each index constructed from a composite of at least one fixed income and one equity index. |
| | | | | | | | Global ETF/ETP assets top USD6tn again | | Thu | 18 Jun 2020, 17:05 | | Assets invested in the global ETFs/ETPs industry increased by 4.7 per cent, from USD5.84 trillion at the end of April 2020, to USD6.10 trillion at the end of May. |
| | | | Global ETF launches 11-18.06.20 | | Thu | 18 Jun 2020, 17:05 | | In a bumper week for new ETF launches, Leverage Shares expanded its range of LSE-listed S&L ETPs to 40 with the addition of 28 new products based on heavily traded US stocks. Franklin Templeton meanwhile, added a US Treasuries fund to its range of active ETFs for US investors, while Direxion debuted three ‘buy and hold’ funds and Ossiam launched a new ETF to replicate the performance of the ICE (Intercontinental Exchange) 3-5 Year Euro Government Carbon Reduction Index. |
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