High end retail

ETF Express 10/06/21

etf express beverly chandler captioned.jpgEmles Advisors’ luxury ETF is reflecting the feel-good times of recovery, post pandemic, with Yev Shelkovskiy, PM at Emles, reporting that retail sales have shown a significant shift towards luxury goods, post pandemic. 

Shelkovskiy notes that investing in the luxury goods sector lets you access the growing middle class in the emerging markets, without directly accessing emerging market stock markets. Around 40 per cent of luxury consumption is in China, which is driving growth in the space and has done for the better part of the last 10 years. 

This week also brings us an interview with Andrew Chanin, founder/CEO of Procure Asset Launchpad (PAL) ETFs, and behind the aptly named YODA, HANetf’s new space ETF launch. For our interview, Chanin is talking about the firm’s launch of the first LGBTQ ETF, designed to serve the principles and values of the LGBTQ community and its allies, and supported by the great and the good, including Martina Navratilova. “There are a lot of positive things about focusing an ETF on the LGBTQ community – not least that, on average, they have 30 per cent more income per household, and that they are the most loyal purchasers of companies that are supportive and aligned with their community,” he says. 

We also have an interview with Emma Viotti, head of passive investments at Handeslbanken, on their introduction of five new Paris-aligned index funds tracking the Solactive indices. 

“Climate change has been a strategic area of focus at Handelsbanken Fonder for many years. We have excluded investments in coal-based companies since 2015, and have had a restrictive approach to the entire fossil-fuel industry for many years,” Viotti says. 

Finally, we sat down with three members of the BNY Mellon Investment Management team, Stephanie Pierce, Andy Provencher and Svein Floden from Insight, on their filing to launch a new active sustainable ETF solution, the BNY Mellon Responsible Horizons Corporate Bond ETF. BNY Mellon is again calling on its affiliate network and has appointed Insight, the largest of its affiliates, to manage the money. Floden, Insight Head of Intermediary Distribution, says that creating an index for a sustainable bond portfolio has had different challenge. “Being a debt holder rather than an equity holder changes the lens. You tend to hold bonds for longer and as a debt holder, you are senior to an equity holder and have more access and influence into how the companies are managed.” 

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Beverly Chandler
Managing Editor, ETF Express



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