In what has been an extraordinary year in fund management, with both equities and bonds seeing downturns, ETFs, certainly in the US, seem to be on course to achieve their second highest year of inflows.
That positivity for this vibrant industry was certainly felt in the room at this year’s ETF Express US Awards’ celebration at the Metropolitan Club at the end of October. Take a look at our awards report for photos from the event and interviews with some of our winners. Many congratulations to you all.
One of our winners, the newly formed Tidal Financial Group, took time to speak to ETF Express this week about their plans for expansion in Europe, with an interview with Spanish-based Telmo Rueda, who also gave us insights into the appetite for ETFs in the Spanish market.
We also have an In My Opinion from Truss Edge’s Dave Shastri who details the complications of supporting the synthetic ETF product.
ETF launches this week were many and varied and demonstrated the growing ETF market outside of the US and Europe, with launches in Australia, Japan, China and Abu Dhabi, whose stock exchange is seeing increasing trading in ETFs.
Meanwhile, positivity doesn’t end in the US, Athanasios Psarofagis and Henry Jim, Bloomberg Intelligence ETF Analysts, have written a note on European ETFs, revealing that European ETP inflows in 2022 have remained resilient despite what they describe as one of the harshest market environments ever.
The pair writes that although flows will fall short of last year’s, ETPs have shown they can continue to take in cash and grab market share from actively managed mutual funds, even as poor performance lowers total assets.
Beverly Chandler, Managing Editor
Companies in this issue
Global X ETFs Japan
Harbor Capital Advisors
HSBC Asset Management
Tidal Financial Group