Invesco to close four US-listed PowerShares ETFs
Oct 26th, 2017 | By James Lord, CFA
Invesco has announced it is closing and liquidating four of its PowerShares-branded ETFs in December 2017.
Invesco has announced it is closing and liquidating four of its PowerShares-branded ETFs in December 2017.
BlackRock has cross-listed ten iShares ETFs to the SIX Exchange in Switzerland. The funds include a variety of asset class exposures including Treasuries, US sector equities, corporate bonds, and broad commodities.
Fidelity International is expanding its smart beta ETF range with two new quality income-focused funds, providing exposure to high quality companies with attractive dividend yields within the European and emerging markets universes.
Frankfurt-based index provider Solactive has launched the Solactive Emerging Markets Consumer Technology Index, providing exposure to the growing role of internet technology and e-commerce in emerging markets. The index will underlie a new ETF launched by KraneShares on the NYSE Arca.
Bloomberg has announced the 2018 target weights and composition of the Bloomberg Commodity Index (BCOM), a well-known benchmark for the performance of the broad commodities universe. The rebalancing, effective January 2018, is set to affect several large ETFs that track the flagship index.
Year-to-date (YTD) net inflows for ETFs globally reached a record $433 billion at the end of September 2017, according to ETFGI, an increase of 79% from the same period in 2016. The $49bn of net new assets gathered during September marked the forty-fourth consecutive month of inflows and brings total global ETF assets to $4.5 trillion.
Toronto-based AGF Investments has announced that its line-up of Canadian-domiciled QuantShares ETFs will be renamed AFGiQ ETFs to bring greater alignment across its brands. The name change will not affect the investment objectives, strategies, management or ticker symbols of the ETFs.
By Jason Guthrie, director of capital markets, WisdomTree.
New investors are using ETFs more and more every day. As a result, we’re increasingly asked about ETF execution and implementation. While it’s important to note that there are several ways to implement an ETF trade and therefore there isn’t one right or best way to execute, there are, however, some simple guidelines we believe will help investors better understand the nature of ETF execution and could help investors achieve better execution.
By Matthew J. Bartolini, head of SPDR Americas research, State Street Global Advisors.
A strong, flexible portfolio depends heavily on how assets are allocated in its core. That’s because the core is the largest part of a portfolio, and research has long shown that asset allocation decisions explain over 90% of the variance in portfolio returns. And today’s low return expectations make building an ultra-low cost, diversified core more important than ever so that costs don’t erode your investment returns.
ETFGI, an ETF industry consultancy, has reported that fixed income ETFs listed in Asia Pacific (ex-Japan) have proved significantly more popular with investors than equity ETFs during September. ETFs that track bonds have gained $835 million during the month compared to outflows of $1.0 billion seen by equity ETFs listed in the region.