By Allan Lane, Algo-Chain – During a week when the Dow Jones Industrial Average surged 11.4 per cent, the largest one day increase since 1933, this news seemed at odds with some of the more harrowing coronavirus statistics that hit the airwaves by the time US markets closed.
With the global coronavirus crisis still causing challenges for the global financial sector, there’s just a single ETF launch to report on this week, a new iShares ETF from BlackRock on Xetra and Börse Frankfurt providing investors with access to corporate bonds with a focus on sustainability.
BlackRock has launched a new iShares ETF on Xetra and Börse Frankfurt providing access to corporate bonds with a focus on sustainability.
The KMEFIC FTSE Kuwait Equity ETF (KUW8) underwent its quarterly re-balance on 19 March 2020, resulting in one addition and one deletion.
Currency hedged ETFs and ETPs listed globally gathered net inflows of USD3.10billion during February bringing year to date net inflows to USD7.17 billion.
Read all about the winners in the ETF Express 2020 European awards, a year that marks the 10th anniversary of our awards, the 30th birthday of ETFs overall, and the 20th birthday of European ETFs.
Latest research from Cerulli Associates reports that more than USD775 billion in assets were wiped out of mutual fund strategies in the US during February, representing a single-month decline of nearly 5 per cent.
Equity-based Smart Beta ETFs and ETPs listed globally gathered net inflows of USD3.40 billion during February bringing year-to-date net inflows to USD10.13 billion which is lower than the USD14.67 billion gathered at this point last year.
Volatile markets have raised questions for potential providers of semi or non-transparent ETFs in the US, with the predicted launch of these products appearing to be on hold in the short term.
State Street Global Advisors, the asset management business of State Street Corporation (NYSE: STT), is to reverse split the SPDR S&P Oil & Gas Equipment & Services ETF (XES) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).