Bringing you live news and features since 2006 

ariel view of Malta

Argentarius launches first exchange-traded instrument under Malta Securitisation Act

RELATED TOPICS​

The first exchange-traded instrument (ETI) issued under the Malta Securitisation Act has gone live on the European Wholesale Securities Market (EWSM).

The Dynamic Trading Strategies ETI is linked to and backed by a performance linked bond issued by a Special Purpose Acquisition Vehicle allowable under the Securitisation Act of Malta with the sole purpose of holding managed accounts at Interactive Brokers and Sensus Capital Markets.
 
The EWSM is a joint venture between the Malta Stock Exchange and the Irish Stock Exchange and acts as an EU regulated market for arrangers and issuers of wholesale debt products.
 
Argentarius ETI Management is the arranger for this ETI which is issued by ETI Securities, one of the Special Purpose Vehicles (SPV) incorporated under the Securitisation Act in Malta.
 
Andreas Woelfl, Argentarius’s CEO, says “This really is a first for Malta and clearly demonstrates the advantages of Malta as a domicile for the issuance of ETIs backed by and linked to the performance of Alternative Investments.”
 
This particular issue is the first of its kind in Malta because the ETI is linked by way of a performance bond to the underlying assets and so its performance is derived from that of a management account consisting of commodity futures contracts. The result is that the ETI is an eligible asset class for a UCITS fund even though the commodity futures contracts do not qualify as eligible assets under the UCITS directive.
 
For the UCITS fund manager this means that Argentarius can offer a diversification into additional asset classes, especially alternative investments asset classes with a reasonable cost structure.

Latest News

Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..
ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..

Related Articles

Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
ETFs
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by