HSBC Global Asset Management has launch the HSBC Emerging Market Sustainable Equity UCITS ETF on the London Stock Exchange (LSE).
Launches & Fundraising
The big news in terms of launches this week is T Rowe Price’s entry into the ETF space with the launch of four semi-transparent, active funds that largely mirror existing mutual fund offerings. The week’s other notable newcomers include a Connected Consumer fund from Direxion based on a Solactive index, a junior biotech ETF from Defiance ETFs, plus thee new iShares bond ETFs.
Earlier this month saw asset management giant T Rowe Price, with USD1.22 trillion under management, enter the ETF arena, in the US, with four semi-transparent ETF products that largely mirror their existing mutual fund offerings.
Direxion has launched the Direxion Connected Consumer ETF, based on the Solactive Connected Consumer Index, which provides exposure to companies offering innovative services and technologies in the fields of Home Entertainment, Virtual and Digital Interaction, Online Education, and Remote Health and Well-Being.
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), has launched the SPDR STOXX Global Low Volatility UCITS ETF.
Relatively new kid on the ETF block, Defiance ETFs, has continued on its mission to pick off key themes with the launch this week of the Defiance Nasdaq Junior Biotechnology ETF (IBBJ).
HSBC Global Asset Management (HSBC GAM) has launched the HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF on the London Stock Exchange today with further listings planned across key markets in Europe.
BlackRock has launched three new iShares bond-focused ETFs on Xetra and Börse Frankfurt.
CornerCap Investment Counsel has launched a new Large Cap ETF, an actively managed strategy that evaluates companies against their custom peer groups.
This week's new ETF launches include a two funds that herald a ‘new era’ in bond investing according to Innovator ETFs. The firm’s latest offerings are the first ever defined outcome bond ETFs providing upside exposure with built-in downside buffer levels. Elsewhere, BlackRock launched a new iShares government bonds ETF, while TD Asset Management debuted three new ‘One-Click” ETFs which invest in a strategic mix of broad market index TD ETFs and actively managed TD ETFs.