INTERVIEW

New ETF gives pure play access to India’s financial services stocks for the first time

New ETF gives pure play access to India’s financial services stocks for the first time

US-based NextFins has launched INDF, the Nifty India Financials ETF, based on the Nifty Financial Services 25/50 Index, which reflects the performance of Indian banks, financial institutions, housing finance companies, insurance companies and other financial services companies.

IN MY OPINION

Three cheers for the innovators of Switzerland & three lashes for the UK’s Financial Services gatekeepers

Three cheers for the innovators of Switzerland & three lashes for the UK’s Financial Services gatekeepers

By Allan Lane, Algo-Chain – If you are a Discretionary Fund Manager running Model Portfolios on financial adviser platforms, you will often find that ETFs available on one platform are not available on another, which invariably forces the manager to oversee multiple incarnations of what is meant to be the same portfolio.

REGULATION

UK’s FCA bans crypto ETNs

UK’s FCA bans crypto ETNs

Get in now if you are in the UK and want to invest in derivatives or ETNs based on cryptocurrencies – the UK’s Financial Conduct Authority has banned them. The ban will come into effect on 6 January 2021 but the FCA warns that UK consumers should continue to be alert for crypto-derivative investment scams, writing: “As the sale of derivatives and ETNs that reference certain types of cryptoassets to retail consumers is now banned, any firm offering these services to retail consumers is likely to be a scam”.