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NEWSLETTER | 14 Oct 2021  

Building blocks

A glittering assembly is how ETF Express described the new ETF bond business launched this week. The team behind BondBloxx, Leland Clemons, Joanna Gallegos, Elya Schwartzman, Mark Miller and Brian O’Donnell are all BlackRock alumni and aim to disrupt the US fixed income ETF industry. 

The new firm has filed for seven sector-specific funds indexed to the ICE BofA US High Yield Index focusing on: Industrials; Telecom media and technology; Healthcare; Financial; Energy; Consumer cyclicals and Consumer non-cyclicals.

This week saw a long-read profile of Jan van Eck, of his family firm VanEck, and the importance of taking the historical perspective in order to keep up with the times. Van Eck says: “In the investment world we are trying to predict the future - with the historian’s sensibility.  The world is changing a lot the whole time, so you look for new opportunities and are conscious of the change.” 

For van Eck, that welcoming change means a commitment to ESG and cryptos, the most discussed subjects of this year in the ETF world. “What led me to look at cryptocurrencies in 2016 was the concern at disruption,” he says. “I was concerned that bitcoin would disrupt gold as a store of value in people’s portfolios so I rolled my sleeves up and did as much research as I could and came to the conclusion that it would become part of investors’ store of value in their portfolios.”

VanEck is awaiting news of its futures-based ETF application in the US, expected at the end of October.  ‘A US bitcoin ETF? Well, almost…’ writes Bailey McCann giving us an update on all things crypto in the US. McCann takes us through the ETFs now available in the US that are, as she puts it, “all-in on bitcoin” which gives investors “a pretty solid bitcoin tracker without taking on direct exposure to the underlying cryptocurrency - a move which the SEC seems to favour at least for now”.

Beverly Chandler, managing editor, ETF Express

Companies in this issue

ETF Securities 
Fidelity Investments
Simplify Asset Management

BlackRock expands proxy voting choice for clients
Wed | 13 Oct 2021, 11:46
BlackRock has expanded the voting choice options for clients, making them available, in the first instance, to their institutional clients invested in index strategies.
Global net ETP inflows hit USD89.97bn in September
Wed | 13 Oct 2021, 08:44
Global net inflows into ETPs reached USD89.97 billion over September according to data providers ETFGI.
A US bitcoin ETF? Well, almost…
Mon | 11 Oct 2021, 09:29
Bailey McCann writes from New York that after eight years of attempts and with more than 30 active applications pending at the SEC, the conditions may be finally aligning for a bitcoin ETF - or at least something close to one. 
Jan van Eck brings the historical perspective to cryptos, gold and more
Fri | 8 Oct 2021, 10:06
Neither Jan van Eck, nor his father John van Eck, set out to launch investment businesses using their last name. 
BondBloxx backed by ETF veteran team is set to disrupt fixed income ETFs
Fri | 8 Oct 2021, 09:42
A glittering assembly of ETF veterans are set to disrupt the fixed income ETF world in the US, launching BondBloxx, a new ETF business solely focused on fixed income.
Global ETF launches for 7th to 14th October
Thu | 14 Oct 2021, 09:39
Themes have dominated again in a week that was quiet on the ETF launch front. ETF Securities used Frankfurt-based index provider Solactive for their hydrogen ETF, with Solactive telling us that hydrogen, the most plentiful element in the entire universe, plays a crucial role in cutting carbon emissions.

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