This week saw EMQQ’s Kevin Carter commenting on the rebalance of his Emerging Markets Internet & Ecommerce UCITS ETF, saying: “India was again the main highlight from this last rebalance. Over half the new additions originated there. We believe this trend will continue as time evolves.”
Carter believes that the Indian internet opportunity in many ways mirrors China 10 years ago and the US over two decades ago. He says: “We often refer to EM countries like India and others outside China as being part of a ‘digital third wave.’ These markets are just reaching critical mass in terms of internet users and smartphone penetration, which will provide strong tailwinds for their growth over the next decade.”
It’s comforting to find new areas of growth during a period when markets are proving at their most challenging. ETF Express’s sister title, Institutional Asset Manager, saw Nick Evans writing this week on how ETPs are offering investors a route through the crypto winter.
Evans writes: “Leading cryptocurrency exchange-traded product issuers in the US and Europe have unveiled novel ETF instruments enabling investors to navigate the bear market in crypto assets, as the ‘crypto winter’ crisis continues to intensify with the collapse of a large hedge fund and escalating signs of stress within the digital assets’ ecosystem.”
And he cites ProShares, 21Shares, Jacobi Asset Management (the new kid on the crypto block) and Grayscale as issuers working to bring crypto solutions to investors.
More on Grayscale this week, as we brought you that film with Grayscale’s David LaValle and HANetf’s Andre Voinea, discussing Grayscale’s new Future of Finance ETF and the emergence of a crypto winter and how to prepare for it. To view the film please click here.
Beverly Chandler, managing editor, ETF Express
Companies in this issue
Jacobi Asset Management