Global ETF Monitor -20170713

Africa

Africa has the smallest ETF market of any continent, spare Antarctica. But the market is about to get slightly larger thanks to the South African issuer Satrix listing three ETFs of the Johannesburg Stock Exchange. The Satrix S&P 500 ETF (STX500); the Satrix MSCI Emerging Markets ETF (STXEMG); and the Satrix MSCI World ETF (STXWDM) all track popular benchmarks and bring popular new plain vanilla index trackers to Johannesburg.   

Americas

iShares has listed two new smart beta ETFs in the US: The iShares Edge High Yield Defensive Bond ETF (HYDB) and iShares Edge Investment Grade Enhanced Bond ETF (IGEB). HYBD will invest in riskier corporate bonds with at least a year maturity remaining. IGEB will invest safe investment grade securities. “Edge” is a marketing device used by iShares to illustrate the ETFs are riskier and not designed as a plain vanilla product. 

Oppenheimer have launched three new products in the US: the Oppenheimer Emerging Markets Revenue ETF (REEM); the Oppenheimer International Revenue ETF (REFA); and the Oppenheimer Global Revenue ETF (RGLB). Each fund seeks to outperform its index by reweighting the constituents by revenue rather than market capitalisation. 

Europe:

Lyxor has launched another currency hedged ETF into Italy, the Lyxor $ Floating Rate Note EUR Monthly Hedged UCITS ETF (FLOTH) which is denominated in euros. FLOTH tracks an index of floating rate notes issued by big corporates, mostly in the United States, Australia and the UK. 

UBS will be launching several new ETFs into London and Switzerland in early August, which will be offered in both GBP and USD. They are: 

UBS ETF-Bloomberg Barclays US Liquid Corporates Interest Rate Hedged UCITS ETF (CBUSIH)

UBS Irl ETF plc – MSCI USA UCITS ETF (UB0B, UB0A, USGBPA, USGBPD)

UBS ETF MSCI EMU UCITS ETF (UB0E, UB0F, EUGBPA, EUGBPD)

UBS ETF-MSCI Japan UCITS ETF (UB0C, UB0D, JPGBPA, JPGBPD)