This week’s newsletter brings you the story behind the Church of England’s move into the index world, actively fighting climate change, and the expectation of an ETF to go with it.
Adam Matthews, Director of Ethics & Engagement at the Church of England Pensions Board and Co-Chair Transition Pathway Initiative says: “There is a lot of interest because the index embeds that forward looking TPI analysis of company commitments. It really distinguishes this is an evolution of indices with embedded factors that look forward and that is really appealing to people.”
We also take a look at conversions, this week, in this case, the rise in the number of US firms converting their mutual funds or separately managed accounts into ETFs – the driver is simple. ETFs come in cheaper, more transparent and more liquid. Conversion gives a 27 per cent cut in the management fee, Marlena Lee of Dimensional tells us.
We also have two new ETF launches from ETF veteran Gabriel Hammond’s new issuer, Emles Advisors – a luxury shopping one, just in time for the holidays, and one that seeks to offer capital protection in difficult markets.
And all the November data is coming in and telling us that in this most extraordinary of years, ETF assets are on record breaking form. Amundi sees optimism in the markets from the vaccine news, and Refinitiv reports European ETFs alone saw USD16.9 billion over November.
Finally, do put down that mince pie or fairy light for just one second and vote in the ETF Express European Awards 2021.
And thank you to Alexandra Levis and the team at Arro Financial Communications for the ETF badge that sits very nicely in these Christmas decorations.
The ETF Express team thanks everyone for their support over 2020, and wishes you all happy holidays. We’ll resume business as usual on Monday 4 January, but but we will continue to update our website with the most important industry news during the holiday period.
Managing Editor, ETF Express
Companies in this issue
Adasina Social Capital
Cabana Asset Management
The Church of England
Dimensional Fund Advisors
Innovator Capital Management
Tuttle Tactical Management