Detlef Glow, head of Lipper EMEA Research at Refinitiv, commented this week on his European ETF Industry Review: 2022 that 2022 was a remarkable year for investors wherever they were based.
“Some may call it a year for the history books,” Glow writes. “Major economic and geopolitical headwinds resulted in falling equity and fixed income markets around the globe.”
Despite all that European ETFs continued to see inflows, and have, during all the challenges that have been thrown at them.
BlackRock published its January review of ETP flows finding flows slowing overall but European equity ETPs enjoying their largest inflow month since January 2022. Laura Cooper, senior macro strategist for iShares EMEA at BlackRock says: “Re-risking was the dominant theme that came through in January ETP flows, with investors balancing high quality credit positions with riskier allocations.”
News this week brought us a new Global Crypto Classification from 21Shares and CoinGecko who write that they have created a uniform way to categorise cryptoassets, so investors and regulators can better understand the nuances within the asset class.
“Unlike traditional financial assets, crypto varies drastically from one asset to another – creating a need for a standard way to summarise and understand the different assets. In order to solve this, the methodology introduced is composed of three levels of categorisation, with each cryptoasset falling into one option within each level,” the authors say.
Both of the biggest digital RFQ platform providers for ETFs announced upgrades to their platforms this week, with Bloomberg adding list trading to its RFQe service and Tradeweb, enjoying adoption by BlackRock of its new iNAV calculation service.
Commenting on the Tradeweb innovation, Jason Warr, Global Co-Head of ETF Markets at BlackRock says: “We are continually working to enhance the trading environment and overall market efficiency for ETFs.”
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Beverly Chandler, Managing Editor
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Companies in this issue
Sprott Asset Management
Strive Asset Management
Cerulli Associates notes increased demand for fixed income funds
After a remarkably difficult 2022, fixed-income funds look to be back in favour with Europe’s investors as inflation fears begin to ease and yields improve, according to Cerulli Associates.