Gold Bond and Leverage

USA GraniteShares has listed a new physically backed gold ETF in the US, the GraniteShares Gold Trust (BAR). Like most physical ETCs, BAR will be backed by bullion held in vaults. The bullion will be deliverable on request. Principal Global Investors is listing a new ETF on Bats, The Principal Morley Short Duration Index ETF (MLD). MLD will invest in …

TOP TRUMP ETFS – Make ETFS Great Again

USA In 2012 the Supreme Court allowed giant corporations and billionaires to pour as much money as they wanted into American elections. The ruling vastly expanded the power of lobbyists and the ability of wealthy people to influence politics. Now, unbelievable as it may seem, there is ETF designed to tap into this. The Point Bridge GOP Stock Tracker ETF …

PIMCO Equity ETFs

PIMCO has come back to ETFs in a big way, launching three first-of-a-kind ETFs with its Californian neighbour Research Affiliates. The three new funds will all be factor trackers. What makes them special however is that they will adjust their factor exposure to changing market conditions. The funds are: ·      PIMCO RAFI Dynamic Multi-Factor International Equity ETF (MFDX) ·      PIMCO …

Leveraged Yen ETFs

Taiwan Taiwan’s preference for leveraged and short ETFs is on display again today, with major investment house Yuanta Securities listing two new leveraged and one new short ETF in Taipei. ( Leveraged ETFs are most popular with Taiwanese retail investors.) Of Yuanta’s three new ETFS, 00706L and 00707R will track Japanese yen futures via indexes put together by S&P. 00706L …

Bonds, PIR & Low Risk – a smorgasbord of listings 

Asia Korea Koomkim Bank has listed a new ETF in Seoul that tracks the S&P Asia 50 Index (277540). The index is made up of stocks from Hong Kong, South Korea, Singapore and Taiwan. 277540 is not the first ETF to track this benchmark; iShares has a similar product in the US (AIA). But it is the first to do …

Magic ETFs

Middle East Unfortunately not at Hogwarts but in Israel there are magic ETFs and today there is a new one. KSM Financial Instruments, Israel’s largest issuer, has listed a new Magic ETF in Tel Aviv (KSMS206), which tracks the SME 150 – an equally weighted index mid-cap Israeli companies put together by the Tel Aviv Stock Exchange. As is often …

First Trust Institutional ( FPEI)

USA First Trust will be listing a first-of-its-kind ETF that hoovers up American institutional preferred securities (FPEI). Preferred securities are unique to American tax law and are something of a hybrid between equity and debt. Like debts they pay a fixed interest rates to schedule; like equity they’re lower down the capital structure and pay out quarterly or annually. First …

Sub Prime ETFs

USA New US issuer Spinnaker ETF Trust is set to launch its three inaugural products in New York. Little information is publicly available about the issuer. It is advised by OBP Capital, a North Carolina-based group about which there is also little public information. The three debut ETFs are: • Fieldstone UVA Unconstrained Medium-Term Fixed Income ETF (FFIU) • Fieldstone …

Libor ETFs – Global ETF Monitor – 18th August 2017

Americas There really is an ETF for everything. Libor, the major global interest rate benchmark, was discredited in 2012 by a manipulation scandal, which climaxed with then-Barclays CEO Bob Diamond resigning. The legal fallout continues to date. Nonetheless, there is a new ETN aiming to track Libor. American issuer Janus Henderson has listed two new Libor ETNs today carrying the …

WisdomTree’s Hamid on ETP hedging in fixed income

Exchange traded products (ETPs) can provide an effective and cost-effective hedge against the prospects of a more turbulent interest rate environment, according to new analysis from ETF provider Wisdom Tree. Fixed income has remained popular with investors throughout the period of low to zero rates, with average allocations in 2016 hitting 51%, according to Nazim Hamid, ETF strategist at WisdomTree …