Refinitiv’s Lipper ETF figures for June show that ETF promoters in Europe experienced estimated net inflows of EUR14.3 billion for June.
Fund expansion represents ‘one small step’ forward for Wombat on the 52nd anniversary of the first moon landing: Space Exploration Day, the firm writes. The micro-investing platform Wombat Invest is now offering UK investors access to the burgeoning space economy through Europe’s first space ETF, YODA, which was launched in June.
Crypto ETP specialist firm 21Shares AG has established a partnership with the largest German online retail platform, comdirect, making them the sole provider of physically-backed crypto ETPs to the online broker’s savings plan program (the Spar plan).
The US’s SMArtX Advisory Solutions has launched 56 new strategies in July, bringing the total number of broadly available strategies on its platform to 832.
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.
Research from ETF consulting and recruitment firm Blackwater Search and Advisory and FLX Distribution, reveals that the ETF distribution model may have been changed for good by the Covid pandemic.
Foreside Financial Group (Foreside), a provider of regulatory and compliance service and technology offerings to clients in the global asset and wealth management industry, is to acquire US Bancorp’s mutual fund and exchange-traded funds (ETFs) distribution business, Quasar Distributors.
Many platforms, particularly those employing legacy technology, don’t cater for ETFs, says Mark Northway, Sparrows Capital. Northway’s comments come in response to an article in Wealth Adviser on how platform challenges are holding back ETF adoption by discretionary fund managers.
Stone Asset Management (SAM) is to utilise the NEO Connect platform to distribute the Stone Dividend Growth Class PTF under the symbol SAMDG.
Claire Smith (pictured), vegan entrepreneur and impact investor, has launched the first vegan ETF, the US Vegan Climate ETF (VEGN), on NYSE, designed to track the Beyond Investing US Vegan Climate Index (VEGAN).