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FTSE Russell launches first climate risk government bond index1
July 8, 2019--FTSE Climate Risk-Adjusted World Government Bond Index allows sovereign debt investors to incorporate climate change risk considerations
into their portfolios
First time that a quantitative measure of climate risk has been applied to
sovereign debt
Countries are weighted in the index according to their "Climate Score"-the higher the index weight, the lower the Climate Risk exposure
Index utilises climate risk modelling developed by Beyond Ratings,
respected ESG analytics provider recently acquired by LSEG
FTSE Russell, the global index, data and analytics provider, has launched the first government bond index to
adjust index weights based on each country's preparedness and resilience to climate change risk. The FTSE
Climate Risk-Adjusted World Government Bond Index ("Climate WGBI") is derived from the FTSE World
Government Bond Index, a widely used benchmark of investment-grade sovereign bonds of 22 developed
economies.
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Source: FTSE Russell
Vanguard hits back at Fidelity's loss-eader strategy by courting higher-margin businesses, like China and private equity, and axing low-margin ones like annuities--Wealth management franchises are next
July 8, 2019--The zero-fee scourge of index funds awakened the sleeping Malvern, Pa.-based giant from its predictable destiny and now CEO Tim Buckley is unapologetically showing a willingness to cut losses and seek risk
The Fidelity CEO's ability to pay for zero-fee funds with higher-margin businesses showed it still had cards to play in a game where the Vanguard CEO perennial ace is not to seek much in the way of profits at all. In other words, Fidelity's strategy is finding new ways to take on Vanguard's, not-for-profit mutual-style tactics.
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Source: riabiz.com
Lipper U.S. Weekly FundFlows Insight Report: Funds Take in Net New Money for the Fourth Straight Week
July 6, 2019--Lipper's fund asset groups (including both mutual funds and exchange-traded funds) had net positive flows of $10.0 billion for the fund-flows trading week ended Wednesday, July 3.
Money market funds (+$26.6 billion) drove the weekly net inflows, while taxable bond funds (+$2.0 billion) and municipal debt funds (+$1.2 billion) also contributed to the total net inflows. Equity funds were the only asset group to suffer net outflows for the week, as they saw $19.8 billion leave their coffers.
ETFs
The ETF universe had net outflows of $9.8 billion last week, as equity ETFs (+$9.9 billion) were responsible for all of the net negative flows. The lion's share of the net outflows for equity products came from iShares Core S&P 500 (IVV, -$6.7 billion), Invesco QQQ Trust (QQQ, -$2.7 billion), and SPDR S&P 500 ETF (SPY, -$1.6 billion). Muni debt (+$103 million) and taxable bond ETFs (+$16 million) both took in relatively small amounts of net new money for the week.
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Source: Refinitiv
BlackRock(R) Canada Announces Change in Index of the iShares S&P Global Consumer Discretionary Index ETF (CAD-Hedged)
July 3, 2019--BlackRock Asset Management Canada Limited (BlackRock Canada), an indirect, wholly-owned subsidiary of BlackRock, Inc. (BlackRock) today announces that effective on or about September 23, 2019, the index that the iShares S&P Global Consumer Discretionary Index ETF (CAD-Hedged) (the "iShares ETF") seeks to replicate will change as follows:
Current Index: S&P Global 1200 Consumer Discretionary Canadian Dollar Hedged Index
New Index: S&P Global 1200 Consumer Discretionary (Sector) Capped CAD Hedged Index
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Source: BlackRock Asset Management Canada Limited
US bond ETFs attract record $25bn inflows in June
July 1, 2019--Global growth and trade worries send investors hunting for safety
Fixed income exchange-traded funds in the US attracted $25.4bn in June, the biggest monthly inflows on record, as investors piled into bonds amid an uncertain growth outlook.
The record haul for US bond ETFs surpassed the previous monthly milestone set in October 2014 by 45 per cent and brings the annual net inflows for fixed income ETFs to $73.5bn, according to Bloomberg data.
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Source: FT.com
Innovator Lists the First MSCI EAFE and Emerging Markets Defined Outcome Buffer ETFs on NYSE Arca
July 1, 2019--The only international buffer ETFs
New ETFs provide exposure to international developed and emerging markets, up to a cap, with downside buffer levels of 15% over a one year outcome period
Expands opportunity for investors seeking to mitigate downside risk and participate in the growth of international equity markets
Innovator Capital Management, LLC (Innovator) announced today the July Series of Innovator MSCI EAFE and MSCI Emerging Markets Buffer ETFs have begun trading on the NYSE Arca.
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Source: Innovator Capital Management, LLC
US bond ETFs attract record $25bn inflows in June
July 1, 2019-- US bond ETFs attract record $25bn inflows in June
Global growth and trade worries send investors hunting for safety
Fixed income exchange-traded funds in the US attracted $25.4bn in June, the biggest monthly inflows on record, as investors piled into bonds amid an uncertain growth outlook.
The record haul for US bond ETFs surpassed the previous monthly milestone set in October 2014 by 45 per cent and brings the annual net inflows for fixed income ETFs to $73.5bn, according to Bloomberg data.
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Source: FT.com
US economy grew at solid 3.1% rate in first quarter
June 28, 2019--The U.S. economy grew at a healthy 3.1% rate in the first three months of this year, but signs are mounting that growth has slowed sharply in the current quarter amid slower global growth and a confidence-shaking trade battle between the United States and China.
The gain in the gross domestic product, the broadest measure of economic health, was unchanged from an estimate made a month ago, the Commerce Department reported Thursday. However, the components of growth shifted slightly with stronger business investment and consumer spending slowing more than previously estimated.
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Source: APnews.com
DWS Group Launches U.S. Market's First S&P 500 ESG ETF
June 27, 2019--Xtrackers S&P 500 ESG ETF (NYSE Arca: SNPE) joins DWS's growing ESG product lineup
DWS Group today announced the expansion of its ESG product lineup with the launch of Xtrackers S&P 500 ESG ETF (NYSE Arca: SNPE).
The new fund is the first ETF to provide exposure to an Environmental, Social and Governance (ESG) adjusted S&P 500 index in the U.S. market1.
"Our clients seek solutions that not only deliver on their investment strategy, but also help them achieve their sustainability goals," said Luke Oliver, Head of Index Investing for the Americas at DWS. "Through our Xtrackers ESG ETF suite, investors are able to access Environmental, Social and Governance adjusted core benchmarks that they can use at the heart of their portfolios, allowing them to invest in companies that are well-positioned for the future."
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Source: DWS Group
Renaissance Capital Announces the Availability of Options on IPO ETF
June 27, 2019--Options contracts on the Renaissance IPO ETF (ticker: IPO) are now listed for trading on Cboe Global Markets, owner of the largest options exchange in the U.S.
The IPO ETF (ticker: IPO) tracks the Renaissance IPO Index (ticker: IPOUSA), a rules-based index designed to hold the largest most liquid newly-listed U.S. IPOs. Top holdings include music-streaming service Spotify Technology S.A. (9.5%), ride sharing app Uber technologies (4.3%), TV-streaming service Roku Inc. (4.3%), and e-signature platform DocuSign (4.3%)--all companies that have gone public in the last two years. The IPO ETF holdings are subject to change and published daily on Renaissance Capital's web site.
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Source: Renaissance Capital
