BlackRock writes that despite elevated market volatility off the back of coronavirus related shutdowns, global ETP flows remained positive in March (USD17.2 billion) albeit at the lowest level since August 2019.
Building on the ubiquity of the Bloomberg screen, which is on pretty much every financial professional’s desk, is BSKT, the firm’s offering for the creation and redemption of ETFs, launched five years ago. Ben Morris, Bloomberg ETF Product Manager, was a client of the offering and joined the firm three years ago to become part of the index product team.
Market volatility in early 2020 has seen close to USD1 billion flow into Innovator Capital Management’s range of Defined Outcome products, designed to offer investors exposure to an index with a cap and a downside buffer limiting potential losses to minus 9 per cent, 15 per cent or 30 per cent.
Chinese equities have emerged as a safe harbour from market volatility, posting a smaller loss of -10 per cent in comparison to the US at -20 per cent and Europe at -23 per cent respectively in the first quarter of 2020, according to Aneeka Gupta, Director, Research, WisdomTree.
Automated trading platform Tradeweb today reported a record average daily volume (ADV) of USD1.0 trillion in aggregate for the month of March 2020, an increase of 41.5 per cent year over year.
The hotly anticipated launch of the first two semi-transparent ETFs has been announced, with American Century Investments using Precidian Investments' ActiveShares methodology to launch the American Century Focused Dynamic Growth ETF (FDG)1, 4 and American Century Focused Large Cap Value ETF (FLV)1, 4.
Latest news from REX Shares, providers of long and short ETNs on a range of key indices, has announced that Bank of Montreal (BMO) has increased the aggregate principal amount of the MicroSectors US Big Oil Index 3x Leveraged Exchange Traded Notes by USD50 million, to a new total of USD75 million.