By Salvatore J. Bruno, Chief Investment Officer; and Kelly Ye, Director of Research at IndexIQ.
The past year saw high yield bonds rally strongly in the wake of March’s Covid-driven selloff as growth rebounded and a widely expected wave of corporate bankruptcies failed to materialize.
TrackInsight has released the results of its latest global ETF survey, revealing an industry breaking new records as ETFs play an ever-larger role in professional investment portfolios and allocations to thematic, active and ESG ETFs look set to surge. Jean-René Giraud, CEO of TrackInsight, said: “With the current tailwinds and seemingly unstoppable rise of ETFs, the industry is on track to near the $10 trillion assets under management milestone this year.”
By Aneeka Gupta, Director of Research at WisdomTree.
Colonial Pipeline Co., a supplier of gasoline, diesel, and jet fuel to the eastern US, was forced to halt operations on Friday owing to a ransomware attack that affected some of its IT systems.
Evolve Funds has launched two new ETFs on Toronto Stock Exchange providing carbon-neutral exposure to mainstream Canadian and US equity indices – the S&P/TSX 60 and S&P 500.
WisdomTree has launched a new ETF in the US providing exposure to alternative credit.
Investors remain optimistic about the ongoing US technology rally and show a strong preference for ETFs in gaining access to this segment, according to research commissioned by Invesco.
Invesco Canada has announced it will trim the management fee charged on the C$400m Invesco QQQ Index ETF (QQC.F CN) from 0.25% to 0.20%, effective 14 May.
Evolve Funds has launched an ETF on TSX providing exposure to a basket of popular US technology stocks.
New York-based growth specialist Alger has launched its second ETF, a semi-transparent actively managed fund offering access to a high-conviction portfolio of US large-cap equities.
MSCI has introduced a new suite of fixed income indices providing exposure to corporate bonds while adhering to the Paris Agreement’s objective of limiting global warming to 1.5°C above pre-industrial levels.