Interesting thoughts from Detlef Glow on whether or not ESG assets will surpass conventional ETFs.
Two additional firms filed for crypto and blockchain ETFs with the SEC bringing the total to more than 12 firms waiting for approval. Fund launches were relatively quiet in Europe last week and flow numbers are starting to be released around the globe.
The rapid growth rate of ETFs in Europe is now surpassing that of the U.S.; 21Shares launches the world’s first Solana ETP, and the FT reports that active managers have an advantage over passive funds when it comes to ESG — there are always differing opinions.
A large number of fund launches, followed by the official ETF conversion of four Dimensional equity mutual funds totalling $28.8 billion. The week closed with an equally significant and surprise announcement of JPMorgan’s acquisition of Nutmeg.
Invesco has officially filed two bitcoin ETFs and State Street has created their own digital assets team and hinted at possible crypto ETFs in the future. And the Amundi and Lyxor deal is ahead of schedule.
A number of thematic ETF launches including travel related ETFs in both Europe and the U.S. May ETF flows are beginning to trickle in and net new inflows of $15bn for European based ETFs.
Global supply issues and increased demand has led to strong returns for some commodity-based ETPs and once again, retrocessions are in the news as being a hinderance to ETF growth – this time focusing on retail investors.
This week the ESG launch race continues with a handful of new products including the HanETF pure play solar ETF. Swiss based Valour launched the world’s first ETP tracking the price of ADA and European ETF assets continue a 13 month roll of consecutive inflows.
Iconic Funds enters the crypto ETP space with their new fund launch, ETF assets under management eclipse traditional index-tracking mutual funds for the first time, and Cannabis ETFs are swelling this year.
VanEck launches a thematic ETF that offers exposure to companies involved in the cryptocurrency and blockchain industries, April ETF flows are published in the U.S. – no shock here – they are positive.
And a Blackwater survey finds that 36% of European mutual fund managers find retrocessions to be the biggest hurdle for European ETF flows.
Blackwater survey finds that 82% of European mutual fund managers have no plans to launch ETF products and do not see them as a threat.
