Exchange-traded products
Stiff competition in US ETF market forces closure of 40 funds
The big three providers in the US ETF market are consolidating their market share, while smaller firms are struggling
New Esma ETF guidelines change the rules on securities lending in favour of synthetics
The latest European Securities and Markets Authority guidelines for Ucits ETFs will make life more difficult for physically backed ETFs and point to a growing acceptance of synthetic funds
Fixed-income ETF market to hit $2tn within a decade, says iShares
iShares makes a bold prediction for the decade ahead as inflows into fixed-income exchange-traded funds increase, but others are less optimistic
UBS anticipates RDR and Esma regulations with mammoth ETF splurge
UBS lists 64 exchange-traded funds on the London Stock Exchange in a single day – the largest ever daily listing of these products in the UK
ETFs under the microscope
Regulators are keen to tackle perceived risks in the ETF market, particularly those of collateral quality and lack of transparency. However, product providers claim they have already responded to many of their concerns. Andrew Capon reports
Esma: making time for ETFs
The July 2012 issue of ETF Risk covers regulation, liquidity risk and tracking error
Data: ETF top providers and products
Data on top providers and products by assets, and asset growth by replication method
ETF tracking error conundrum
Tracking error is one of the biggest risks facing ETF investors – but there still seems to be a lack of understanding over what it is and how to measure it. Should regulators take a firmer hand in establishing a standard calculation methodology? David…
Windhaven puts focus on ETFs
Windhaven Investment Management was an early investor in ETFs, and they are now the key building blocks of their various funds. By Andrew Capon
The ETF liquidity mirage
ETFs are supposed to provide investors with deep pools of liquidity, but Europe’s fragmented market structure makes it all but impossible to gauge what the true picture is. Regulators are concerned about the lack of transparency and some warn that ETFs…
Lyxor launches 'smart' risk-allocation ETFs
Lyxor has entered the risk-control exchange-traded funds market with the listing of two alternatively weighted funds on NYSE Euronext
China ETFs look offshore
China’s vast pool of domestic savings has mostly been invested internally, but the proposed launch of exchange-traded funds linked to international shares could be a sign this is about to change. Justin Lee reports
Sponsored survey: Deutsche Bank X-trackers ETFs
Asian exchange-traded funds (ETFs) have grown in popularity since last year’s inaugural annual Asia Risk and Deutsche Bank Asian ETFs Survey. The 2012 results show investor education has started to pay off, but too many investors still don’t understand…
Commodity ETP activity drops 24% in a week, driven by precious metal fund outflows
Activity in commodity exchange-traded products falls sharply amid poor performance of the asset class
Sponsored webinar: Regulation
The European Securities and Markets Authority is scheduled to release final guidance on ETFs imminently. How are market participants preparing? In this sponsored webinar, three leading ETF experts discuss the likely changes
Fund managers to increase ETP exposure, finds Lyxor survey
A survey from Lyxor finds that fund managers expect to increase their allocations to exchange-traded products over the next three years
May sees US fixed-income ETP record despite flight from high-yield bond products
High-yield ETPs in the US experienced their first outflows since November 2011, but inflows into government bond products propelled May to a record-breaking month for fixed-income ETPs
Outflows for gold ETPs despite high equity market volatility
During May 2012 the price of gold dropped over 6% and investors withdrew over €1 billion from gold ETPs
Exchange-traded sliced and diced
Despite the credit risk associated with ETNs, they have continued to garner huge inflows in the US. The degree of sophistication they offer has been keeping investors on their toes and while they remain a fraction of the ETF industry, these two markets…
Lack of local market-makers hampers the development of Asean ETFs
A reliance on external players is holding back the ETF sector in Malaysia and Indonesia
Emerging markets debt is the 'beta of choice' for ETF investors
Exchange-traded funds that give investors exposure to emerging markets debt are increasingly popular and funds denominated in local currencies are also on the rise
Synthetic ETF providers praised for counterparty risk efforts, but multiple model needs work
A Morningstar report says synthetic exchange-traded funds have made welcome strides in tackling counterparty risk, but transparency is still lacking in multiple counterparty ETFs
Vanguard brings its physically-backed ETFs to Europe
Vanguard has launched its first exchange-traded funds in Europe with five listings on the London Stock Exchange