We have a detailed guide to the emerging ETF market in Vietnam this week, courtesy of Nick Ainsworth of Dragon Capital, one of the first foreign investment firms in the country with a true local presence. The company now manages USD5.5 billion of offshore money in Vietnamese assets, mostly public equities but also fixed income securities across several public and private funds. Ainsworth explains that domestic use of ETFs has grown but that they also offer an alternative means of gaining exposure to the local market which is difficult to access for foreigners, and is a segment dominated by foreign institutions.
We also have a detailed piece on the latest research from the UK’s regulatory body, the FCA, on crypto investment in the UK, which shows a growing demand but fails to mention their blanket ban on regulated crypto ETPs. We have comments from 21Shares, Quilter and AJ Bell.
Both Refinitiv Lipper and Lyxor ETFs commented on European ETF inflows over May this year and found that it looks like it is shaping up to be a record year. Over the pond, Steven Dunn of Aberdeen Standard Investments reported on the strength of the industrial and precious metals products within the firm’s range of commodity ETPs. Anything involving electrification and new vehicles is likely to have silver and platinum within its component parts, he says.
Our In My Opinion this week also come from the US, from Ross Klein at Changebridge Capital, who predicts that proposed tax changes in the US will see more mutual fund to active ETF conversions from the fund giants. In his column, Klein explains why active ETFs could be potentially more tax efficient than active mutual funds.
We bring you week two of our new snapshot performance figures from trackinsight, with the top performing and bottom performing global ETPs revealing the ProShares VIX short term futures ETF as the best performer for week ending 18th June, while soy beans dominated the laggards.
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Managing Editor, ETF Express
Companies in this issue
Aberdeen Standard Investments
Global X ETFs
Robinson Capital Management