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.
Rockefeller Asset Management and KraneShares announce partnership to launch ETFs
