BNY Mellon has launched an outsourced trading offering for buy-side institutions globally, including asset managers and asset owners.
The metaverse looks set to emerge as a fast-growing trend in the European fund sector as virtual reality and the next iteration of the internet take off, according to the latest issue of The Cerulli Edge—European Monthly Product Trends.
CI Global Asset Management has announced that CI Global Minimum Downside Volatility Index ETF and CI U.S. Minimum Downside Volatility Index ETF have begun trading on the Toronto Stock Exchange under the tickers CGDV, CGDV.B, CUDV and CUDV.B.
First Trust Advisors has launched the Moderate Buffer ETF Series of Target Outcome ETFs: the FT Cboe Vest U.S. Equity Moderate Buffer ETF – January (Cboe: GJAN). The firm writes that the fund is the latest addition to First Trust’s suite of Buffer ETFs, which has over USD7.8 billion in total net assets for the product line as of 12/30/22 and is among the fastest growing in the outcome-oriented ETFs space.
Franklin Templeton is to convert its USD68 million Franklin Focused Growth mutual fund to an ETF for US investors. The conversion, which is subject to shareholder approval, is expected to be effective in the fourth calendar quarter of 2023. If approved, this will be the firm’s third mutual fund-to-ETF conversion.
During a challenging year for investors in 2022 Hargreaves Lansdown fund analysts examined how active UK and US fund managers performed against their passive peers.
VanEck’s Joe Foster, Portfolio Manager, Gold Strategy comments that in 2022 the gold price finished with of loss of just USD5.18. “While gold ended nearly unchanged, the year was far from calm, with prices dropping USD450 from highs to lows before returning to its starting point,” Foster writes. “Gold saw a maximum drawdown of 11.3 per cent but finished with just a 0.3 per cent loss, which was a very respectable result, given the 18.1 per cent loss for the S&P 500 Index and 64.3 per cent loss for bitcoin.”
Amundi reports that 2022 came as the fifth best year for ETFs on record flow-wise in Europe, with assets under management now standing at EUR1.24 trillion. ETFs have enjoyed a 17 per cent annual growth over the last decade, the firm says.
DWS writes that the United Nations’ 2030 Agenda formulates a total of 17 Sustainable Development Goals (SDGs) to address key global challenges. Examples include food and water supply, health and climate protection. To achieve these goals, DWS writes that an estimated five trillion to seven trillion US dollars will be needed annually by 2030. Investment funds play a major role in directing capital to companies that specifically support the formulated goals.