March data from the TrackInsight ETF analysis platform reveals that while the ETF industry continues to hit new assets under management records, investors are slowing down the pace of ESG investments.
Europe’s first and largest digital asset investment house, with over USD4.5 billion in assets, listed on the Swedish Nasdaq (ticker CS.ST) earlier this month, seeing shares up 33 per cent in the first day of trading.
Amundi is to buy Lyxor’s ETF and actively managed alternative platform from Société Générale for a total cash consideration of EUR825 million, or EUR755 million excluding excess capital, in a move that will result in Amundi becoming the European leader in ETFs with EUR142 billion in assets and a 14 per cent market share in Europe.
Tradeweb has reported record total trading volume for March 2021 of USD24.7 trillion across rates, credit, equities and money markets. Average daily volume (ADV) for the month was a record USD1.07 trillion, an increase of 7.3 per cent year over year (YoY).
As bitcoin continues to trend upward, recently passing the USD60,000 mark, against a year ago when the asset was trading just above USD5,000, Florian Ginez (pictured), Associate Director, Quantitative Research, WisdomTree has explored the reasons behind the increased investor demand.
Sage Advisory’s Chief Investment Officer Bob Smith (pictured) is well known for his views on ESG and climate change within investment and commented last week on the SEC’s new approach to enforce ESG standards across the investment industry.
Former UK and European proprietary trading business Goldenberg Hehmeyer is having a revitalising face lift under the care of new management team CEO, Dan Izzo (pictured) and Stefan Kaba-Ferreiro, head of trading. The pair are remodelling the entire firm and have created GHCO, a brand new challenger ETF market making business with heaps of ambition.
Last October saw Nicole Hunter (pictured), an ETF veteran, with 20-plus years in the industry, arrive at USD601 billion asset manager, Dimensional Fund Advisors, as Head of Capital Markets. She will work with stakeholders across the firm to grow Dimensional’s ETF business, monitor primary markets’ activity and lead engagement with authorised participants.
Jordan Waldrep (pictured), Principal and CIO of TrueMark writes that last year, the Environmental, Social, and Governance investing space, or ESG, saw some of the fastest inflows of any area in the ETF universe.
BNY Mellon Investment Management has drawn on in-house expertise, filing its first active ETFs, sub-advised by ESG specialists Newton Investment Management. The initial suite is comprised of three sustainable funds, BNY Mellon Sustainable US Equity ETF, BNY Mellon Sustainable International Equity ETF, BNY Mellon Sustainable Global Emerging Markets ETF.
A new report from Bloomberg Intelligence has found that Thematic ETFs ‘could become a USD300 billion category in five years.’ Thematic ETFs will capture inflows that would have gone to traditional GICS sectors, active mutual funds and momentum and size factors, BI says.
High valuations are worrying investors, leading to the start of a rotation away from a lot of what has been fashionable, says Sean O’Hara, president of USD6 billion Pacer ETFs, who notes that the Nasdaq is trading at 37 times earnings and there are major overweights in intangibles such as infotech, healthcare and information services.
