Shipping ETF enjoys ups and downs on waves of volatility

Siyabulela Nomoyi, Quantitative Portfolio Manager at South Africa’s asset management firm Satrix, has talked with ETF Express on the launch of the first of its kind in South Africa, Satrix I&D ETF, which strives to challenge South African companies to do better when it comes to inclusion and diversity.

Global X’s European Thematic UCITS Report for August 2021 from Morgane Delledonne, Director of Research, finds that UCITS Thematic ETFs recorded USD559 million of net inflows, after attracting USD795 million in July.

European digital ETP issuer, ETC Group, has announced that its total assets under management has returned to over USD1 billion, a level not seen since May 2021.

Mutual fund conversion to ETFs in the US has been one of the most interesting phenomena to appear from the ETF rule change, with billions in assets added to ETFs which either mirror or replace their mutual fund cousins.

HANetf, Europe’s first full services ‘white label’ UCITS ETF issuer, has published a statement as it continues to expand its presence into the European fund market. 

Early August brought news that Alerian’s Dave LaValle had joined Grayscale Investments, arguably the world’s largest digital currency asset manager with USD25 billion in the Grayscale Bitcoin Trust, as Global Head of ETFs.

Recent news revealed that iM Global Partner had taken a minority stake in Richard Bernstein Advisors, a US investment management firm with a sizeable ETF portfolio.

Refinitiv Lipper’s ETF figures for July reveal that ETF promoters in Europe experienced estimated net inflows of EUR11.6 billion for July, while assets under management in the European ETF industry hit a new all-time high (EUR1,197.5 billion) at the end of July 2021.

A drop in US-listed US equity flows is almost entirely responsible for July’s fall in equity flows, iShares says, with net inflows of USD20.6 billion significantly down from the USD67.5 billion added to US-listed US equity in June, which was the second-highest inflow month on record for the exposure. 

Martin Gilbert, famously, was the co-founder of Aberdeen Asset Management plc at its launch in 1983 and was its Chief Executive until 2019, and finally stepped down from his role as Chairman in September 2020.