Bringing you live news and features since 2006 

Global ETF launches from 4th to 11th May, 2023

RELATED TOPICS​

This week’s non-US launches have been dominated by Asia, with Mirae Asset Management stepping up to launch two ETFs against Solactive indices.

One is a leveraged version of the China Electric Vehicle and Battery ETF which is the fourth largest ETF in terms of assets under management (AUM) among ETFs listed in the Korean capital market, and it has attracted the most attention from Korean investors.

The second Mirae launch comes with Hanwha Asset Management, a new relationship for Solactive, and one based on SOFR – the secured overnight financing rate – based on transactions in the US Treasury repurchase market. Solactive writes that it is considered a more reliable benchmark rate than the London Interbank Offered Rate (LIBOR) since it is based on observable transaction data rather than estimated borrowing rates. The SOFR rate is used for USD denominated derivatives and loans, and it is gradually replacing LIBOR as the benchmark interest rate, the firm says.

Other launches news this month comes from KraneShares which is to launch ETFs with newcomer to the ETF ecosystem, Rockefeller Asset Management.

This week’s non-US launches have been dominated by Asia, with Mirae Asset Management stepping up to launch two ETFs against Solactive indices. One is a leveraged version of the China Electric Vehicle and Battery ETF which is the fourth largest ETF in terms of assets under management (AUM) among ETFs listed in the Korean capital market, and it has attracted the most attention from Korean investors.

The second Mirae launch comes with Hanwha Asset Management, a new relationship for Solactive, and one based on SOFR – the secured overnight financing rate – based on transactions in the US Treasury repurchase market. Solactive writes that it is considered a more reliable benchmark rate than the London Interbank Offered Rate (LIBOR) since it is based on observable transaction data rather than estimated borrowing rates. The SOFR rate is used for USD denominated derivatives and loans, and it is gradually replacing LIBOR as the benchmark interest rate, the firm says.

Other launches news this month comes from KraneShares which is to launch ETFs with newcomer to the ETF ecosystem, Rockefeller Asset Management.

Hanwha Asset Management and Mirae Asset Global Investments launch SOFR ETFs tracking Solactive SOFR Index

Rockefeller Asset Management and KraneShares announce partnership to launch ETFs 

Mirae Asset Global Investments launches leveraged version of the China Electric Vehicle and Battery ETF Tracking Solactive Index

Latest News

US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles..
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

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.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
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