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.
May ends with extensive list of ETF launches
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.
European ETF inflows continue their tear
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.
Medical cannabis ETFs are on a high
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.
Retrocession fees seen as biggest ETFs flow hurdle
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.
Majority of mutual fund managers shun ETFs
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.
Robotics ETFs see significant outflows
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.
