etfexpress

NEWSLETTER

Happy new year!

We sail into 2024 on the peak of a wave of new assets into global ETFs, with ETFGI reporting total assets likely to exceed USD11.5 trillion at the end of 2023. November saw a significant late rally according to the firm and also, according to Detlef Glow, Head of Lipper EMEA Research, LSEG who writes that it was not surprising to see that ETFs enjoyed overall inflows on a global basis over the course of November 2023.

Launches, brought to you in partnership with STOXX, have been sparse outside of the US over the holiday period, with no launches in Canada over December, nor in our ex-North America listings. However, the US saw 16 launches over Christmas and the New Year, featuring everything from a series of buffer ETFs to a bitcoin futures/S&P 500 ETF.

We enter the new year poised to hear more about the potential launch of a spot bitcoin ETF in the US. Joel Kruger, market strategist at LMAX Group, tells us that there is still room for the bitcoin rally to extend once the ETFs are finally approved, predicting a move of about 10 per cent over the course of a day or two on the back of widespread institutional adoption.

For ETF Express, this year holds more podcasts – we are working on the next outings of Off the Record with our partner TrussEdge, with the dream team of Bloomberg’s Athanasios Psarofagis and LSEG Lipper’s Detlef Glow lined up with me to try and make a few predictions for the year.

Our ETF Awards are very important to us, celebrating the best in the ETF industry, in partnership with data providers’ Trackinsight. The ETF Express European Awards for 2024 open on Monday, 8th January with the nominations stage for European ETF service providers. This year will bring the European awards, followed by Canada and then our new awards for APAC and then October brings us the US outing in New York.

We will also be attending Exchange in Miami Beach from 11th to 14th February, and organising the in-conference ETF Distribution awards, giving financial advisers a voice to express their preferences in terms of ETF product in the US.

Read more about this here. 

Beverly Chandler, Managing Editor

For live updates please follow us on Twitter and LinkedIn.

LATEST NEWS

The ETFs industry globally and in many regions rallied significantly into the end of the year to reach new milestones for assets under management at the end of the year, according to ETF data providers, ETFGI. 
Dina Ting, Head of Global Index Portfolio Management, and Marcus Weyerer, Senior ETF Investment Strategist, Franklin Templeton ETFs, write that the start of a new year brings a chance for reflection and re-evaluation. For investors, a chance to rebalance. The pair highlights the pitfalls of overweight exposure to mega tech stocks and where in the world to look for diversification in 2024.  
Sabrina Principi, Head of Business Development for ETFs & Index Solutions Southern Europe at BNP Paribas Asset Management explains to Romain Thomas why her firm has entered into a partnership with Directa Sim, a leading online trading platform.
John Hooson, Managing Director for BBH’s Global ETF product team, has written that asset managers considering hopping on the trend and adding actively managed ETFs to their portfolios should keep some key considerations in mind.

Global ETF Launches

Global Launches sponsored by STOXX
Non-North American launches this week came from Solactive working with firms launching on the Korean Stock Exchange in the new technology sectors of AI, robotics and semi-conductors and Global X ETFs bringing us another Solactive-based product, tracking the 1-3 month US T-Bill Index. Finally, we had Morningstar launching a new index, focusing on transatlantic sustainable development goals.

US ETF Launches

US Launches sponsored by STOXX
There were some 16 new ETF offerings launched for the period, each with a distinct value proposition for investors.  Detailed below are the respective launches from each asset manager.

Canada ETF LAUNCHES

Canada Launches sponsored by STOXX
A summary of the Canadian ETF launches that occurred in November 2023.
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