Global ETF Monitor 20170802

Americas

In a curious play and perhaps in response to Trump’s protectionist agenda, iShares will be listing a new Russell 1000 ETF in the US (AMCA). AMCA will track companies that earn most of their money through sales in the US homeland compared to other large- and mid-cap companies. According to the prospectus AMCA’s underlying index, the Russell 1000 Pure Domestic Exposure Index, is made up of American companies with a domestic sales ratio of 90% or more.

Asia

Big day in Korea.

Kookmin Bank, one of Korea’s largest banks, has listed a new inverse ETF that gives the opposite return of the KOSDAQ 150 Futures Index (275750). The index is made up mostly of Korean tech stocks.

Seoul-based asset manager Mirae Asset has listed two new ETFs. The first (276000) tracks the MorningStar Global Upstream Natural Resources Index, which is made up of companies in ‘upstream’ industries – energy, agriculture, metals, timber, water – with a market cap of $1 billion or more. The second (275980) tracks the MorningStar Exponential Technologies Index, which is made up of tech stocks that Morningstar’s research team thinks will grow exponentially.

Europe 

Amundi will be cross-listing its USA Equity Multi Smart Allocation Scientific Beta ETF into Italy (SMTU). The smart beta ETF tracks an index with four subindexes, each of which represents one of the four major quant factors (momentum, volatility, value and size). The subindexes are produced by Scientific Beta, an arm of the EDHEC-Risk Institute.