CPG to launch China ETF in Europe
State-owned China Post Global has applied to launch a China A-shares ETF in Europe, adding to its Market Access range on the continent, said the firm’s London-based managing director Danny Dolan.
State-owned China Post Global has applied to launch a China A-shares ETF in Europe, adding to its Market Access range on the continent, said the firm’s London-based managing director Danny Dolan.
European active equity funds saw a turnaround in net flows during 2017, enjoying a rise of €135.8bn in net new money to €62.7bn, after suffering an outflow of €73.1bn in 2016, according to Morningstar data.
Blackrock has reported record high net inflows for 2017, with $367bn (£269bn, €301bn) for the full year and more than $103bn in the final quarter alone, driven in part by a strong performance by iShares.
Most asset managers will offer ETFs in the next five years, according to two-thirds of respondents to an EY survey.
Legal & General Investment Management is to acquire ETF Securities’ European exchange-traded fund platform Canvas, which has $2.7bn (£20.5bn, €22.8bn) of assets under management.
This was the question posed by KPMG researchers for Blackrock who asked 130 UK financial advisers, wealth managers and private bankers responsible for £4.5 trillion of client assets.
The European Securities and Markets Authority (Esma) is turning up the heat on asset managers, highlighting the impact of fund charges on returns in a fresh report. Fund fees wipe out an average 20% of gross returns, according to the regulator.
Vanguard has expanded into Germany by listing its range of equity and fixed income exchange-traded funds (ETFs) on the German stock exchange and also introduced a Euro Stoxx 50 Ucits ETF.
“The world has gone mad” Baillie Gifford’s Charles Plowden has said, comparing the boom in exchange-traded funds (ETFs) to the hysteria that led to the global financial crisis.
Franklin Templeton Investments has launched a smart beta emerging markets exchange traded fund, which aims to provide higher-risk adjusted returns and lower volatility than the MSCI Emerging Markets Index.
While Fundsmith Equity, Woodford Income and Lindsell Train Global were the most popular funds in September, Vanguard “muscled its way in to the top five”, according to Interactive Investor.
Clients will be able to buy structured notes, ETFs and mutual funds via an execution-only investment app launched by deVere Group on Wednesday.