‘A gem within Deutsche Bank’ is how DWS was recently described and one of the most sparkly facets of that gem must be its ETF business, which recently announced that the third quarter of 2019 saw DWS Xtrackers ETPs break through the EUR100 billion mark in assets under management. Total assets of EUR104.9 billion globally make it the second largest ETF manufacturer and promoter in Europe, and the first Europe-headquartered ETF business to achieve EUR100 billion in assets under management. Read our interview with Manooj Mistry, Head of Index Investing at the firm.
While we discuss things of scale, read our interview with GTS’s Reggie Browne – GTS is the largest designated market maker on the NYSE, making markets in 1100 corporate equities which represent USD13.5 trillion in market capitalisation. Browne says that the new ETFs coming to market, with whom they like to work, are the ones that offer something new and have a commitment to raise funds. He particularly likes the options embedded ETFs which limit downside risk.
The very end of last week, just in time to miss our last newsletter, saw the SEC approve four new filings for semi-transparent ETFs – two, very excitingly, from leading asset managers, Fidelity and T Rowe Price, with the latter firm apparently taking its first leap into the ETF world with this whole new type of fund. Read our piece and comments from CFRA’s Todd Rosenbluth.
Finally, we bring you our ESG ETF special report, with pieces from ETF providers Invesco and iShares on their approach to this most popular of subjects and an interview from the buyside, with Nutmeg on how and why they incorporate ESG into their portfolios.
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Managing Editor, ETFexpress
Companies in this issue
Goldman Sachs Asset Management
T Rowe Price