| | PAWZ for thought
We have serious and not quite so serious matters to discuss this week. It is irresistible to report on ProShares’ very serious piece of research on the pet care industry, research that lies behind its PAWZ ETF, which has enjoyed over 11 per cent in returns this year, largely fuelled by the general realisation that home alone with a furry friend is better than home alone, alone – if that makes any sense at all.
This issue of the ETF Express newsletter also brings you an interview with a US wealth manager, Wichita, Kansas-based 6 Meridian, with USD2.8 billion under management. The firm’s CIO, Andrew Mies, explains that the firm has raised USD400 million through launching its own ETFs, through US white labeller Exchange Traded Concepts, thereby avoiding a great deal of paperwork and gaining a tax break for their investors.
We also have an interview with Marie Coady, PwC Global ETF Leader and Partner at PwC Ireland, and also Chair of the Irish Funds Association ETF Group, on their recent study on the future and the future potential of ETFs in Europe.
Please place your votes in our US ETF awards with nominations pre-selected by Bloomberg. The firms with the most votes win.
Finally, our etfLIVE North America event at the end of October is gaining momentum – please register here. Professional investors go free!
Beverly Chandler
Managing Editor, ETF EXpress
Companies in this issue
21Shares
6 Meridian
AdvisorShares
Exchange Traded Concepts
HSBC Global Asset Management
ProShares
PwC
Rize
Vanguard
| | ADVERTISEMENT | | | | | | | | | | Global Smart Beta ETFs saw net outflows of USD2.22bn in July 2020 | | Thu | 3 Sep 2020, 12:56 | | Equity-based Smart Beta ETFs and ETPs listed globally saw net outflows of USD2.22 billion during July bringing year-to-date net inflows to USD10.36 billion which is significantly lower than the USD52.90 billion gathered at this point last year. |
| | | | BETZ ETF surpasses USD100m in assets | | Thu | 3 Sep 2020, 12:56 | | Roundhill Investments Roundhill Sports Betting & iGaming ETF (BETZ) has surpassed USD100 million in assets under management. |
| | | | US wealth manager 6 Meridian creates ETFs for in-house clients | | Thu | 3 Sep 2020, 12:56 | | Wealth managers using ETFs in the US are stepping up to create their own in-house range of the products. Andrew Mies, CIO of 6 Meridian, explains how his USD2.8 billion wealth advisory firm based in Wichita, KS, has done just that. |
| | | | | | | | ADVERTISEMENT | | | | | | | | | | PAWZ for thought on pet care investment | | Thu | 3 Sep 2020, 12:56 | | ProShares Pet Care ETF (PAWZ) has enjoyed a good year so far, with performance of over 11 per cent year to date, achieved on a wave of resilience that reflects, the firm says, the critical role of companion animals in pet owners’ lives during social distancing, as adoption and foster applications reached record highs. |
| | | | Global ETF launches 27.08-03.09.20 | | Thu | 3 Sep 2020, 12:56 | | This week’s new ETF launches include a couple of crypto-related firsts – the launch by 21Shares of the first short bitcoin ETP on Xetra and the admission of the first bitcoin ETP on the official ‘regulated’ market of the Vienna Stock Exchange. Elsewhere, Rize launched two new thematic ETFs – food production and digital learning – Vanguard debuted three new bond funds, and AdvisorShares launched the Pure US Cannabis ETF. |
| | | | | | | | | | | Countdown starts for ETF Express US Awards 2020 Voting is now underway for the ETF Express US Awards 2020, which will be unveiled and celebrated at an exclusive virtual ceremony and industry networking event to be held on 24 September. |
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