Amundi adds US small-cap ETF to ESG line-up
Jan 23rd, 2023 | By James Lord, CFA
Amundi has launched a new socially responsible ETF targeting the small-cap segment of the US equity market.
Amundi has launched a new socially responsible ETF targeting the small-cap segment of the US equity market.
Credit Suisse Asset Management has launched the CSIF MSCI USA Tech125 ESG Blue UCITS ETF providing ESG-enhanced exposure to innovative technology and technology-enabled stocks listed in the US.
BlackRock has launched a new German equity ETF in Europe which targets a risk profile comparable to the regular DAX index while simultaneously lowering carbon intensity and boosting ESG performance.
Credit Suisse Asset Management has rolled out an ETF offering socially responsible exposure to the German equity market.
Credit Suisse Asset Management has launched a new equity ETF that combines a global minimum volatility investment approach with environmental, social, and governance (ESG) criteria. The CSIF IE MSCI World ESG Leaders Minimum Volatility Blue UCITS ETF has listed on SIX Swiss Exchange in US dollars (WDMVO SW) and on Deutsche Börse Xetra in euros (CSY9 GR).
Credit Suisse Asset Management has introduced two new ETFs providing socially responsible exposure to US small-cap equity and developed real estate exposures. The CSIF (IE) MSCI USA Small Cap ESG Leaders Blue UCITS ETF and CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF have listed on SIX Swiss Exchange, Deutsche Börse Xetra, and Borsa Italiana.
Credit Suisse is set to return to the ETF fold with the conversion of three index funds into ETFs. The ETFs, which will be listed on SIX Swiss Exchange, Borsa Italiana and Xetra, are being issued by Credit Suisse Asset Management and come seven years after the Zurich financial giant exited the ETF industry following the sale of its ETF business to BlackRock.
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.
This week’s spike in US equity market volatility led to the temporary suspension of trading in three US-listed inverse VIX exchange-traded products and the decision from Credit Suisse to close its VelocityShares Daily Inverse VIX Short-Term ETN (XIV).