Allfunds, Europe’s largest fund platform, with more than €280 billion in assets under management, is to launch a new ETF service from 1 June 2017 to supplement the 52,000 funds from 540 fund managers already available to investors.

Against a backdrop of geopolitical uncertainty, April’s total traded volume on the Tradeweb European-listed ETF marketplace was just shy of €13.8 billion. While the figure is down from the record €17.7bn seen during March 2017, the figure is still above the average recorded through 2016. Adriano Pace, managing director of equity derivatives at Tradeweb, said: “The platform has maintained momentum following the surge in activity around the US election last November, both in terms of traded notional and key metrics, such as quote and hit rates.”

Source, the London-based ETF issuer set to be acquired by Invesco, has announced the forthcoming closure of its FTSE RAFI Equity Income ETF series. In a letter to shareholders, Source advised that the three funds would be terminated on 14 June 2017.

Invesco has entered into a definitive agreement to acquire European ETF issuer Source. The transaction will add Source’s $25 billion in assets under management to Invesco’s existing global ETF AUM of approximately $120 billion. “We’re excited about this opportunity to build on Invesco’s 40 years of factor investing experience and our existing PowerShares ETF business, which will significantly enhance our ability to deliver meaningful solutions to institutional and retail clients in Europe and around the world,” said Martin L. Flanagan, president and CEO of Invesco.

European investors have significantly increased their commodity exposure, with $1.3 billion going into broad commodity ETFs in the first quarter of 2017, according to analysis from European ETF provider Source.

Thirteen new ETFs and ten new ETCs listed on the London Stock Exchange in March, bringing the total number of ETFs and ETPs listed on the exchange to 890 and 451 respectively.

Source has reported that the Source Physical Gold ETP (LON: SGLD) has recorded over $500m of net new assets year to date (5 April), as the gold price has risen 9% during the same period.

US-focused health care ETFs are on the rise, having shaken off Donald Trump’s failed Obamacare replacement bill.

A majority of IFAs (56%) expect assets under management in exchange-traded funds globally to rise further in 2017, according to research from Source. Only 3% of IFAs surveyed reported an expected decrease in global ETF assets during the year while just over a quarter (26%) expect it to stay the same. The findings follow record in-flows of $389 billion into ETFs in 2016.

Tokyo Stock Exchange and Nikkei have launched the JPX-Nikkei Mid and Small Cap Index tracking the equities performance of approximately 200 small and mid-cap stocks that are selected using a smart beta approach with a focus on quality companies. The index is based on the same concept as the popular JPX-Nikkei 400 Index, which underlies several ETFs, including from Lyxor, Source, Nomura, Amundi, Deutsche Asset Management and iShares.