Global ETF launches for 21st to 28th October
A busy week of launches but with less excitement as the new bitcoin futures-based ETF in the US settled into its trading pattern, having hit USD1.2 billion in just a couple of days.
That number added to other somewhat smaller digital currency inflows over the week mean that CoinShares reported that digital asset investment products enjoyed their largest inflows on record by a significant margin.
Other ETFs do exist and ESG remains a key theme. IndexIQ expanded its Dual Impact family of thematic investment strategies with the launch of three new funds: IQ Engender Equality ETF (NYSE Ticker: EQUL), IQ Clean Oceans ETF (NYSE Ticker: OCEN), and IQ Cleaner Transport ETF (NYSE Ticker: CLNR). Invesco launched the Nasdaq ESG ETF, described as the only ETF in Europe providing access to an ESG-enhanced version of Nasdaq’s leading benchmark.
Geographically, India came into the mix with LGIM launching Europe’s first local currency India government bond ETF, described as the first in Europe to provide dedicated exposure to India government bonds, a convenient and transparent way for UK and European investors to access the country’s growing local-currency government bond market.