The iShares MSCI Europe SRI UCITS ETF EUR Hedged (Dist), launched on Xetra, is designed to allow investors to participate in the performance of large and medium-sized companies from 15 European industries that have a comparatively high ESG rating within their sector, are not involved in the extraction or production of fossil fuels and do not own fossil reserves.
Global X’s European Thematic UCITS Report for June 2021 reveals that in June, UCITS Thematic ETFs recorded USD986 million of net inflows, rebounding after USD112 million of net outflows in May.
Hector McNeil, HANetf co-founder, has confirmed that the London-headquartered firm intends to open in the US in the first half of next year, offering their white label facility to ETF issuers from outside the US, who want to launch ETFs into the country.
The Irish funds industry may have some catching up to do in the private funds space, but as the government gears up to introduce a refreshed Investment Limited Partnerships Act, the jurisdiction is expected to see an influx of managers from the UK, the US and further afield choosing to set up their private funds in Ireland.
EFAMA has called on the European Commission (EC) to enforce the creation of a consolidated tape (CT), commenting: “MiFID II still fails to deliver a CT and the notion of “Reasonable Commercial Basis” in data cost has been largely overlooked.
Goldman Sachs Asset Management’s (GSAM) ETF push into Europe is gaining momentum, with the last few months seeing the firm list three ETFs across four exchanges with the most recent listing, on 20 November, on the Borsa Italiana.
Goldman Sachs Asset Management has launched its European ETF business with its first fund, the Goldman Sachs ActiveBeta U.S. Large Cap Equity UCITS ETF (GSLC).
Latest Lipper Refinitiv figures reveal that the promoters of ETFs in Europe enjoyed net inflows for June. Detlef Glow (pictured), head of EMEA research at Refinitiv, writes that these led, in combination with a positive performance of the underlying markets, to an increase in the assets under management in the European ETF industry.
Precidian Investments has just received approval on its filing for non-transparent actively managed ETFs. The firm writes that its ActiveShares structure is an enhanced version of an ETF with a blind trust and supporting processes.
The Dutch Authority for Financial Markets (AFM) has granted S&P DJI Netherlands (S&P DJI BV) authorisation as a regulated Dutch benchmark administrator, under the EU benchmark regulation.