Leonteq has expanded today (March 7) its range of cryptocurrency-linked products with the launch of tracker certificates on Ether, Bitcoin Cash and Litecoin listed on the Swiss stock exchange.
In addition to the Bitcoin and short tracker certificate on Bitcoin marketed in 2017, the Swiss provider now offers tracker certificates on Ether, Bitcoin Cash and Litecoin, which are among the five largest cryptocurrencies in terms of market capitalisation. "Following the successful introduction of Bitcoin certificates and the first launch of a short tracker certificate on Bitcoin in 2017 we have recognised increasing requests from clients for additional products on cryptocurrencies," said Manuel Duerr (pictured), head of public distribution at Leonteq.
"In the prevailing low yield environment, we continue to see demand for yield enhancement structures as well as US dollar-denominated capital protection products on funds," said Duerr.
The new products new listed on the Six exchange today in issue sizes of 100,000 certificates for each currency tranche. These are the latest cryptocurrency trackers to be brought to market by Swiss bank following the launch of a suite of exchange-traded notes tracking bitcoin in October 2017.
Other provider of crypto-currency trackers include XPT Provider, which listed two exchange-traded notes - the Bitcoin Tracker One and Tracker Euro, in Swedish krona and euros, respectively, on Nasdaq OMX in 2015, and Vontobel, which became the first provider to offer Swiss and German investors tracker certificates on bitcoin in 2016.
Triline uses NYSE's Pickens Oil Response index in new energy ETF
Triline Index Solutions has launched the NYSE Pickens Oil Response ETF, a tracker fund offering 'a more modern and enhanced way to obtain exposure to energy'. The underlying is owned and administered by Ice Data Indices and comprises equities highly correlated to energy, based upon the price of the global benchmark for oil, ICE Brent Crude. The Index includes not only traditional energy companies, but also companies that are "energy-intensive" end users of energy who have the potential to benefit from the abundance of US supply as well as growing global demand for energy. The inclusion of end users is intended to lessen the effect of the "boom and bust" nature of commodity cycles and attempts to mitigate downsize capture while preserving upside capture. The Index is equally-weighted and reconstitutes annually while rebalancing quarterly.
New UBS tracker provides worldwide access to companies with high ESG rating
UBS Global Asset Management has listed a new exchange traded fund on Xetra and Börse Frankfurt since Friday. The new equity index ETF enables investors to participate in the performance of companies around the world that meet strict sustainability criteria. The new UBS ETF - MSCI World Socially Responsible Ucits ETF tracks the performance of the MSCI World Socially Responsible 5% Issuer Capped Index (Net Return).
The reference index comprises the shares of large and medium-sized companies from 23 industrialised countries with particularly high environmental, social and governance (ESG) ratings, and excludes companies whose products have negative social or environmental effects. The weighting is limited to five percent per index component.
JP Morgan Asset Management becomes a new ETF issuer on Deutsche Börse
JP Morgan Asset Management is offering two bond index and three active ETFs providing exposure to selected alternative beta strategies, on Xetra and Börse Frankfurt for the first time.
The bond index ETFs enable investors to participate in the performance of euro-denominated government bonds from the euro zone and US dollar-denominated bonds issued in various emerging markets. The three new active ETFs provide investors with access to active investment strategies with equities, bonds and futures. The JPM US dollar Ultra-Short Income Ucits ETF invests in US dollar-denominated short-term fixed- and floating-rate investment grade bonds. The JPM Managed Futures Ucits ETF uses derivative financial instruments on global stock, bond, currency and commodity markets for its investment strategy. The JPM Equity Long-Short Ucits ETF is based on a portfolio of long and short positions on global equities.
Smart beta ETPs reach record high of US$696bn
Assets invested in smart beta ETFs and ETPs listed globally reached a record high of US$696bn at the end of January 2018, shattering the previous record of $658bn set at the end of 2017, according to ETFGI.
Assets invested in smart beta ETFs/ETPs listed globally increased by a record $37.8bn during January to reach a new high of $696bn. In January 2018, smart beta ETFs and ETPs listed globally saw net inflows of US$9.43bn. Multi Factor smart beta products gathered the largest net inflows with $4.55bn, followed by Value Factor with $1.34bn.
During January 2018 assets invested in smart beta ETFs/ETPs increased by $37.8bn, or 5.74%.
January 2018 also marked the 24th consecutive month of net inflows into smart beta ETFs and ETPs, with $9.43bn gathered during the month. The majority of these flows can be attributed to the top 20 smart beta ETFs/ETPs by net new assets, which collectively gathered $7.23bn in January 2018. The iShares Edge MSCI USA Momentum Factor ETF (MTUM US) on its own accounted for net inflows of $1.35bn.
Multi-factor smart beta products gathered the largest net inflows with $4.55bn, followed by value factor products with $1.34bn and performance/momentum factor products with $1bn.