Just the four launches in non-North American markets this week, reflecting another quiet week for ETFs.
Detlef Glow, head of Lipper EMEA research, has commented that market observers have been fretting over the lack of new ETF launches in Europe. “My view on the reasoning for this is somewhat simple. The current market environment—with increasing interest rates and somewhat unpredictable markets—holds ETF promoters back from bringing new products to market,” he says.
“One consequence of tighter monetary policies introduced by central banks on both sides of the pond is that seed money—which is needed by literally all ETF promoters—faded away when interest rates moved up.”
However, a few brave souls stepped forth this week with Franklin Templeton offering us food, health and wellness, HANetf looking after our defence issues, Invesco offering us, literally, the world and UBS bringing us some dividend aristocrats.