State Street dumps FTSE Russell as its small and midcap index provider
State Street is bringing three of its mid/small cap ETFs back under in-house indexes, calculated by NYSE. They are:
ETF Securities European business acquired by WisdomTree
ETF Securities is selling its European exchange-traded commodity, currency and short-and-leveraged business to WisdomTree Investments, the Nasdaq-listed fund manager for $611m. The European ETC platform run by ETF Securities has $17.5 billion of assets under management spread across 307 products, including the flagship physical gold products PHAU and GBS.
We understand that this transaction does NOT include either the European exchange traded funds business – called Canvas – nor the American or Australian business. Based on the announcement these would seem to be staying with a core ETF Securities business.
Paradigm lists leveraged oil ETFs
Taiwanese issuer Paradigm has listed two new ETFs in Taiwan that give inverse and leveraged exposure to oil futures. They are:
Listing leveraged commodity funds that use derivatives is quite common among Taiwanese issuers. Many other Taipei-based issuers have products that give similar exposure.
PowerShares lists three fixed income ETFs on the London Stock Exchange
Invesco PowerShares is listing three new fixed income ETFs on the LSX. They are:
Expense ratios for PUIG and PSFE are 0.16%, PEMD’s expense ratio is 0.35%. We hope to update this as more information becomes available
November 14, 2017