Our latest ETF monthly snapshot report:
Exchange Traded Fund (ETF) assets worldwide at the end of August 2016 were $3.418T.
Vanguard and Fidelity both requested regulatory approval to launch active ETFs in the US.
Real estate was separated out as separate sector in the popular GICS industry framework used by many index and ETF providers. Previously it was a part of the financials sector.
There were 41 ETFs that shut down in the US in August 2016,. This was more than the 40 total closures in the preceding months of the year. The closures seem to reflect a rationalization of ETF product offerings rather than an… see full post
2015 was a busy year for the Exchange Traded Fund (ETF) industry with year-end asset totals in the US reaching $2.135T and 284 new launches. Below we take a look at some of the important developments that took place in 2015.
‘Smart beta’ ETFs continued to be popular
The growth in smart beta ETFs has been one of the important trends in investing in the last few years. Although a smart beta ETF tracks an index just like a traditional ETF does, it deviates from the traditional approach of market capitalization weighting. Instead, a smart beta ETF provides rules-based exposure… see full post
Our ‘ETF 20/20’ monthly report briefly summarizes recent ETF developments based on data & analysis from First Bridge’s global ETF database.
Global ETP assets increased to $3.373T, a 4.5% increase in the month.
The Bank of England cut its key interest rate to 0.25% and announced stimulus plans to buy both UK government and corporate bonds . It is important to note however that in 2016, currencies in regions with negative rates have still experienced appreciating currencies, contrary to what one would traditionally expect.
Investors have moved money into high yield emerging market bond ETFs in 2016 in response to quantitative easing in developed markets.
There… see full post
In our latest ETF monthly report:
Assets for global ETPs ended the first half of June 2016 at $3.226T, up 7.4% year to date. Inflows in end June were driven by a shift into gold and treasury bond ETPs as a result of the Brexit vote.
In the 2 weeks after the Brexit vote, large cap UK ETFs outperformed small cap ETFs, since the former hold more companies that potentially benefit from a weaker pound.
Over 150 new ETPs were listed globally in June 2016, including 32 in the US. We provide a detailed list of the key launches.
Low volatility and dividend outperformed… see full post
Every month we publish a brief snapshot of the Exchange Traded Fund (ETF) landscape. Here are some of the highlights from our recently published February report:
Global ETF assets fell in January 2016 to end the month at $2.898T.
Blackrock and WisdomTree launched more sophisticated currency hedged ETFs that dynamically adjust the hedge ratio based on specific indicators.
The Bank of Japan adopted negative interest rates for the first time. The month also saw a flight to safety with gold, long term treasury and utility ETFs outperforming in January 2016.
‘Smart beta’ ETFs providing exposure to factors like low volatility, quality and dividends… see full post
Our monthly ‘ETF 20/20’ report summarizes recent Exchange Traded Fund (ETF) trends in the US. It uses data from the First Bridge ETF database that includes all ETFs listed globally. The key highlights include:
– Assets for ETFs listed in the US increased by 0.7% in November 2015 to $2.152T.
– MSCI confirmed that it would include stocks traded outside their country of classification in their regional benchmarks. The most significant impact of this was the addition of Chinese ADRs to its benchmark EM index that is tracked by ‘EEM’.
– 17 new ETPs were launched in the US in November 2015. (complete listing of new ETF launches in November provided in the report).
– Blackrock announced fee cuts on 7 of its core ETFs, and Schwab responded with fee cuts on 4 of its ETFs.
– Low volatility (SPLV) outperformed traditional cap weighting (SPY) in November, after underperforming in October.
The full report can be accessed here: http://firstbridgedata.com/risk_report/ETF_Landscape_December_2015.pdf
Some of the highlights from our latest (October 2015) monthly ‘ETF 20/20’ Exchange Traded Fund (ETF) industry report:
• Assets for ETFs listed in the US fell by 2.2% in September 2015 to $1.987T. As of September 30, 2015 there were 1,788 ETPs listed in the US.
• With the US Fed keeping rates unchanged, investor sentiment in September was driven more by individual stock and sector developments, particularly by the concerns at Glencore, Volkswagen and in the biotech sector.
• Investors in the consumer discretionary sector SPDR (XLY) were up 4% this year through Q3; it was the only sector SPDR… see full post
Our August monthly ‘ETF 20/20’ report summarizes recent Exchange Traded Fund (ETF) trends in the US.
It uses data from the First Bridge global ETF database.
Assets for ETFs listed in the US grew by 1.3% in July 2015 to $2.146Tn. As of July month end, there were 1,764 ETPs listed in the US.
The VIX index was down 33% in July 2015 after spiking up in June. However OK WTI crude oil ended the month below $50/bbl. Gold (‘GLD’) declined by 6.6%.
Vanguard announced that it would start including China A-Shares in the Vanguard FTSE Emerging Markets ETF (VWO) in a phased manner. This is a significant development, since VWO is the largest Emerging Markets ETF in the US with $46B in assets as of July 31, 2015. The competing ‘EEM’ does not yet include A-Shares.
24 new ETPs were launched in the US in July 2014. O’Shares, Gavekal Capital and Principal Financial were new entrants.
Access the full report:
Our June 2015 ETF report for the US looks at:
• 16 new launches including an innovative product that replicates exposure to spot VIX.
• Index benchmark switches for 10 Invesco PowerShares ETFs.
• The best & worst performing ETF categories and strategies.
The full report is available here:
At First Bridge, we publish a complete list of all US ETFs for free, which is a small subset of our global ETF database used by institutional clients.
However we sometimes receive ad-hoc requests for ETF lists in specific categories that are not always easily available on traditional ETF screeners. So we compiled a list of US listed ETFs in those categories for which we receive requests frequently:
List of Low Volatility, High Beta & VIX Based ETFs
List of Currency Hedged ETFs
List of Dividend ETFs
List of Active ETFs
List of ETNs (Exchange Traded Notes)
List of Non-USD Denominated Bond ETFs
List of High Yield… see full post