Pharmaceuticals giant Pfizer is due to report its third quarter earnings on 1 November with analysts projecting the company to earn 62 cents a share on $13.05bn in revenue. Over the medium term, investors will also be watching the potential for Pfizer;s new Inflectra drug – set to be launched two years ahead of schedule – and the risk of “major M&A activity over the next 12 months”. Investors looking for tactical exposure to play the possibility the company’s Q3 earnings will beat estimates, may consider several US healthcare sector ETFs from providers such as iShares, SPDR ETFs or Source.

Assets invested in actively managed exchange-traded funds and exchange-traded products listed globally reached a new record high of $40.3bn at the end of Q3 2016, according to data from London-based ETF industry consultant ETFGI. During September, actively managed ETFs/ETPs saw net inflows of $574m, contributing to year-to-date net inflows of $3.9bn for the asset type. Only nine actively managed ETFs/ETPs, out of a total 293, have managed to reach the coveted $1bn AUM milestone.

US presidential elections have only limited impact on local equity markets, according to new analysis by Source, a European provider of ETFs. Even in elections where the candidates were within five percentage points of each other, there was still little impact on markets. Paul Jackson, Head of Research at Source, said: “The fact that in 2012, equities did not weaken before and performed well after the election implies that this kind of political uncertainty does not necessarily change prevailing trends in markets.”

Nine new ETFs were launched on London Stock Exchange in September, bringing the number of ETF listings for the year to 100. Nine other ETPs have been listed on the exchange in 2016. iShares listed four global thematic ETFs, First Trust and ZyFin partnered to bring out Europe’s first physical Indian Equity ETF, PowerShares launched an ETF tracking US fallen angels, Source introduced a low volatility US equity ETF, Deutsche launched a USD Asia ex-Japan corporate bond ETF, and UBS rolled out a US corporate bond ETF with an interest rate hedge.

Analysts have warned that equity investors should brace for uncertainty if Donald Trump succeeds in his bid for the White House. Cowen Washington research strategist Chris Krueger told CNBC the morning after the second US Presidential debate. “The market doesn’t like uncertainty. With Trump that is what you get almost by definition.” Trump could “unlock” the American tax code with a Republican-led House and Senate behind him and impose a 45% tariff of Chinese imports from his first day in the White House. Trump has also proposed a 35% tariff on imports from Mexico.

European ETF provider Source has launched the Source GPR Real Estate Europe UCITS ETF (REES) on Deutsche Börse’s Xetra and Frankfurt exchanges. Tracking the Global Property Research 75 Liquid Developed Europe Real Estate Index, the ETF gives investors access to the performance of 75 leading real estate companies or REITs listed in Europe, including those operating in the office, residential, retail, industrial, healthcare and diversified property segments.

European exchange-traded fund provider Source has launched the Source RBIS Equal Risk Equity US UCITS ETF (LON: RUQR) in partnership with Risk Based Investment Solutions (RBIS), a subsidiary of Rothschild & Co. The ETF follows an equal risk contribution concept and aims to provide large-cap US equity exposure with lower volatility than traditional market cap-weighted strategies. Chris Mellor, Executive Director, Equities Product Management, at Source, commented: “We believe that this form of risk control offers a significant step forward beyond volatility targeting and minimum variance strategies.”

European ETF provider Source has released research revealing the relatively low indebtedness of emerging market countries compared to their developed peers. Indonesia and Russia performed particularly well with debt/GDP ratios of 64% and 84% respectively and low proportions of externally financed debt. Paul Jackson, Head of Research at Source, commented: “Based on their debt fundamentals, emerging markets are better placed than most developed markets, which make the yield premiums on their bonds even more attractive.”

Morningstar has released their third annual report into trends within the global strategic beta ETP landscape. The paper found that the strategies have grown in popularity on a global, regional and country basis, both in terms of number of ETPs available as well as assets dedicated to the space. As of 30 June 2016, the global strategic beta ETP landscape encompassed 1,123 ETPs with $550.5bn in assets under management.

According to the weekly flows report from ETF Securities, investors have increased their holdings of gold and bearish European equity ETPs ahead of the European Central Bank’s policy meeting to take place on Thursday 8 September 2016. Investors channelled $63.2m into their gold ETPs in the week ended 2 September 2016, marking the seventh week of positive inflows for the space, while inflows into short German and Italian equity ETPs surged to their highest level in 11 and 15 weeks respectively.