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
Investors are increasingly looking for easy, low cost access to themes such as green investing. Below is a list of ETFs in the US that provide exposure to the green investing theme. A complete article that we published on green investing ETFs is available on Nasdaq’s site.
Source: First Bridge Data; Data as of April 29, 2015
As of April 14, 2015, 65 new ETFs had been launched in the US. The table below categorizes these new ETF launches by type of exposure. A complete list of all ETFs in the US can be accessed here: http://firstbridgedata.com/etfproductlist
It is well understood that the relative performance of equity strategies will vary depending on the performance of the broad market. In this blog post, we briefly examine how key equity strategies have performed over the last 10 years. This time period includes a complete market cycle, including the 2008 bear market and subsequent rebound. We see some interesting results:
The S&P 500 Low Volatility Index was the only one of the 5 strategies we examined that beat the S&P 500 and also had lower volatility over the entire measurement period. Equal weighting, pure growth & pure value all beat… see full post
The March edition of our ‘ETF 20/20′ landscape report summarizes recent ETF developments.
- Assets for US listed ETFs went up to $2.094T.
- The CAPE (or Shiller P/E) ratio ended February 2015 at 27.81, well above its historical median value.
- The Wisdom Tree Europe Hedged ETF (HEDJ) took in over $5Bn in inflows in 2015 YTD, far outpacing unhedged Europe equity ETFs.
- State Street (SPDR) announced expense ratio fee cuts on 41 ETFs in the US in response to Vangurd’s asset gathering success and the iShares core initiative.
- 22 ETFs were launched in the US in 2015.
The full report can… see full post
One of the defining trends of ETF based investing has been the growth in ‘smart beta’ ETFs. Though we don’t like the term (others sometimes refer to it as ‘strategic beta’), this category of ETFs has rapidly grown in adoption.
In April 2014, in a guest post for S&P Dow Jones, we defined ‘smart beta’ and estimated the smart beta ETF space for US equity exposure to be ~ $75B, i.e. about 9% of the total ETF assets for domestic US equities at the time.
Since then, smart beta ETF launches have outnumbered both traditional beta and active ETFs launches in… see full post
Our latest ‘ETF 20/20 Trends Report’ takes a brief look at some of the important developments relating to US listed ETFs in January 2015. Some of the key areas covered are:
- ETF assets in the US declined in January to $1.984T.
- Price declines in the Eurozone accelerated in January according to Eurostat estimates.
- There was significant volatility in currency ETFs in January, with the Swiss Franc appreciating dramatically when the Swiss National Bank stopped pegging it to the Euro.
- The number of ETFs in the US declined to 1,652 at the end of Janaury 2015, primarily due to ProShares… see full post
In our most recent ‘ETF 20/20′ monthly landscape report, we looked at some recent ETF industry trends, including:
- The SEC’s approval of a new type of ETF structure (called the Exchange Traded Mutual Fund)
- The breakdown of US ETF assets by category; in aggregate the total assets are nearing $2T
- The best and worst performing ETF categories in the trailing 12 months (with the drop in crude oil prices being a significant driver of returns)
- The new ETFs launched in November 2014
- A change to the ‘GICS’ Industry framework that will be effective in 2016.
The full report can be… see full post