Global ETF Monitor – 20170705

Europe:

ETF Securities has listed a new commodities ETF in London, the ETFS Longer Dated All Commodities Ex-Agriculture and Livestock GO UCITS ETF (XAGS). XAGS provides exposure to a basket of 11 commodities, made up mostly of metals, oil and gas. The index XAGS tracks, the Bloomberg ex-Agriculture & Livestock 15/30 Capped 3 Month Forward Index, rolls its futures contracts every three months and has a diversity rule capping commodities at 30% each.

VanEck has cross-listed an emerging market government bonds ETF into Switzerland, the VanEck Vectors JP Morgan EM Local Currency Bond UCITS ETF (EMLC). EMLC is synthetic and tracks the JP Morgan Emerging Markets GlobalCore Index. Emerging market bonds funds have been attractive to investors as central banks have driven down yields on developed countries’ bonds.

Asia:

Korean banking major Kookmin Bank has listed a new ETF in South Korea, the KB KBStar KQ High Dividend ETF (270800). The ETF tracks the ‘FnGuide KQ High Dividend Focus Index’, which is composed of mid and large cap Korean companies that have big dividend payouts. The index is put together by a Korean credit data company FnGuide.

Corporate Actions:

Blackrock has changed the benchmark for its ETFs based upon MSCI Netherlands, South Africa and Canada ( EWN, EZA, EWC) to the capped version of the indices, to reduce tracking error.

DB X-Trackers are vertically integrating a range of its fixed income funds, removing State Street as an ETF investment manager and replacing them with Deutsche Asset Management. DBX has assured its shareholders and sub fund holders that they will not bear the cost of any of the changes.

Lyxor has a number of funds going ex div on the 12th July