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.
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.
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”.
‘Wild West’ crypto-assets should be regulated according to the UK Treasury Committee which has published a unanimously-agreed report on crypto-assets for its Digital Currencies inquiry.
New research from SPDR ETF, surveying over 50 UK wealth managers, reveals that over half (53 per cent) use sector ETF investment strategies, with one in five saying they are using them more today than they were 12 months ago and 44 per cent expecting sector ETFs to be used more over the next 12 months.
State Street Global Advisors has launched the SPDR FTSE UK All Share UCITS ETF (Dist) on Xetra and Börse Frankfurt.
VanEck Europe has listed the VanEck Vectors Global Mining UCITS ETF (GDIG) on the London Stock Exchange, which is designed to give European investors access to metal and mining industries around the world.
Andrew Strange, PwC director, comments on this morning's FCA Asset Management Market Study policy statement and consultation…
Commenting on UK inflation figures, Nick Leung, research analyst at WisdomTree in Europe, says: “UK inflation decelerated slightly in February, as CPI readings of 2.7 per cent reflected softer energy prices and base effects from Sterling’s depreciation last year.
ETF white labelling firm HANetf has appointed David Patterson as Director, UK & Ireland Sales in the latest in a series of hires by the firm.