The sharp reversal is starkest in Europe where robotics and automation-themed ETFs saw record outflows of $506m in March alone.
Record ETP inflows once again
In global ETP flows, a trillion dollars in new cash has surged into exchange traded funds over the past 12 months and finally in Asia, Vanguard announced plans to delist all of its Hong Kong-listed ETFs.
State Street to create a digital currency platform
Although a short week, there was certainly no lack of major ETF news. In Europe, it was impossible to miss the headlines of Amundi’s announcement to acquire Lyxor’s asset management arm – no shocker there. And globally, State Street announced a partnership with Pure Digital to create a digital currency platform.
Grayscale plans to convert to ETF structure
Fund launches last week continued to be busy while ETF news on the flow side and regulatory front were somewhat quiet given the short holiday week. In the US, the largest crypto trust announced plans to convert to an ETF which has to rattle the competitor cages of those who have already filed.
Global Thematic ETPs Cross $394 billion
Fund launches last week continued in the ESG space and a number of ETF issuers slashed fees to keep ahead of their competition. And globally, thematic ETP assets crossed $394 billion and will likely to see more growth as ETF providers launch more niche thematic products.
The changing landscape of ETF distribution
The ETF Distribution model in the U.S. has irrevocably changed due to the pandemic. Going forward, you will see more hybrid, data-focused, and marketing driven sales, at least for those who want to remain relevant.
Global ETP assets cross new record
This February ended with record breaking assets of $8.3 trillion. History and fund launches seem to repeat themselves and as such, the trend of ESG and Bitcoin ETP product launches continue. For something completely different and to keep us on our toes, LeverageShares added 25 new single-stock inverse and leverage ETPs to its roster.
ETC Group lists first Ethereum ETP
First Trust has entered the ESG space with its recent launch of an actively managed global ESG ETF and cryptocurrency ETPs continue to dominate headlines with the launch of ETC Group’s first Ethereum ETP. Rumors are swirling that Aberdeen may enter the European ETF market after hiring a Head of ETF Sales strategy.
Active and Crypto ETFs top European investors’ wish list
The US continues to dominate headlines with new semi-transparent active ETF launches making us wonder if the release of BBH’s newest survey prompted European investors to want some of the action. Europe is certainly well ahead of the US on the crypto ETP front but when will non-transparent active be allowed? Not sure if we should hold our breath on that one.
Northern Trust finally breaks into European ETF space
Northern Trust is finally breaking into Europe’s fast expanding $1.3tn ETF market, marking the latest move by a big US competitor to tap into the growing shift among European investors into exchange traded products.
