Ossiam has cross-listed the Ossiam Solactive Moody’s Analytics IG EUR Select Credit ETF (OSXF GY) on Deutsche Börse. This new smart beta fixed income ETF, which debuted on Euronext Paris on 15 February 2018, invests in a portfolio of euro-denominated investment grade corporate bonds, seeking to maximise total return while maintaining a low credit risk profile.

ProShares has reduced the degree of exposure underlying its two VIX-related ETFs following rapid, large swings in the products’ values during the equity market sell-off in early February.

“ETFs were not at the heart of the market decline”, said new Fed Chair Jerome Powell during his testimony to the House Financial Services Committee on Tuesday. In February, markets had the worst week since January 2016, and the eighth worst since 2008. The S&P 500 Index, underlying reference of the $275bn SPDR S&P 500 ETF (SPY US), fell 10% between 26th January and 8th February. Powell was asked to respond to a WSJ article which suggested that the close correlation between sectors during that period of volatility was driven by the growing popularity of ETFs.

January 2018 marked the twenty-fourth consecutive month of net inflows into smart beta ETFs and ETPs (hereafter ETFs), reports ETF industry consultants ETFGI. According to the firm’s monthly report detailing flows into smart beta ETFs listed globally, assets invested in smart beta ETFs rose by a record $37.8bn during January to bring total assets under management for the segment to a new high of $696bn.

Canada-based Brompton Funds has announced that its Global Healthcare Income & Growth Fund and Tech Leaders Income Fund will convert from closed-end investment funds into ETFs, as of 3 April 2018.

Deutsche Asset Management has announced changes to the underlying index for the Xtrackers Euro Stoxx Select Dividend 30 UCITS ETF (XD3E LN) to a new reference that includes a quality screen in its selection of eurozone dividend-paying stocks.

JP Morgan Asset Management (JPMAM) has cross-listed its European-listed UCITS ETFs onto Deutsche Börse, comprising two passive bond ETFs and three actively managed ETFs. “We are pleased to be partnering with Deutsche Börse as we launch into the German market for the first time with our initial European ETF offering,” said Christoph Bergweiler, head of Germany, Austria, Central and Eastern Europe and Greece at JPMAM.

Franklin Templeton has extended its reach into Europe by cross-listing five smart beta ETFs on the SIX Swiss Exchange. The ETFs, targeting global, US, or European equities, are part of the Franklin Liberty Shares range and consist of multi-factor and quality income strategies. They are already available on the London Stock Exchange, Deutsche Börse and Borsa Italiana.

Assets invested in ETFs and ETPs listed in Japan reached a record high of $295 billion at the end of January 2018, surpassing the previous record of $276bn set at the end of 2017, according to ETF industry consultants ETFGI.

The Tel Aviv Stock Exchange (TASE) has expanded its Tel-Bond range of corporate bond index family with a further six new indices. Four of the indices are ratings-based and two are sector-based.