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NEWSLETTER

A pile of gold bars

It’s all about commodities and crypto

This week brings you all the commodity news, with an interview with Jigna Gibb, new Head of Commodities and Crypto Index Products at Bloomberg, the range which includes the mighty Bloomberg Commodities (BCOM) index suite which is linked to products totalling over USD100 billion in assets.

We also spoke with Robert Minter, director of ETF investment strategy at abrdn, about his views on commodities. Minter told ETF Express writer Fiona Nicolson: “US interest-rate cuts are on the table in 2024, supporting both gold and silver.”

This week also brought the last of our Exchange interviews from Miami, with Ryan McCormack, Senior Factor & Core Equity Strategist, ETFs & Indexed Strategies, of Invesco, celebrating the 25th anniversary of the QQQ, the USD240 billion ETF – the fifth largest ETF in the universe – that tracks the Nasdaq 100, which has enjoyed out-performing the S&P 500 and achieving the position of number one in performance over 10, 15 and 20 years in the Lipper Large Cap Growth category as of December 31, 2023.

Two leading accountancy firms brought us their annual surveys of the ETF industry this week as well, with Lisa Kealy, EMEIA ETF Leader at EY, revealing their research that found that the European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM) – in 2023, as strong market performance and buoyant investor preference fuelled significant growth in the asset class. This growth is expected to continue at 15 per cent annually for the next five years and reach over USD4.5 trillion AUM by 2030, the firm says.

And then we have Marie Coady, PwC Global ETF Leader, publishing the firm’s latest findings that global ETF assets under management are predicted to reach at least USD19.2 trillion by June 2028, up from USD11.5 trillion at the end of 2023, representing a 13.5 per cent compound annual growth rate (CAGR) over the five year period. “Growth in ETF AuM is soaring worldwide as the US, Canada and Europe all raise their five-year projections for their regional AuM and the APAC region moves into a new phase of expansion,” Coady says.

And then there is crypto in the ETP structure. This week we bring you the latest in the Off the Record podcast series, sponsored by TrussEdge, with our Global crypto ETP update with Laurent Kssis of CEC Capital and Jeffrey Sardinha of State Street. Listen now for one of our most engaging outings that could, as Jeff said on LinkedIn, gone on for a couple of hours. We curtailed it to our usual half hour, roughly, to save your ears, but do tune in to hear all the crazy numbers on the extraordinary rapid growth of the US’s new spot bitcoin ETFs.

To listen to the latest episode of Off the Record please click here.

Beverly Chandler, Managing Editor

For live updates please follow us on Twitter and LinkedIn.

LATEST NEWS

ETF transaction volumes at SIX Swiss Exchange continued a positive trajectory during Q1 2024, the firm says, writing that, in February, the exchange, operated by SIX, witnessed a month-on-month (MoM) increase of 8.9 per cent, with a year-on-year increase of 34.9 per cent.
Bloomberg Indices has recently hired Jigna Gibb as Head of Commodities and Crypto Index Products, to lead its commodities and crypto product offering, which includes the mighty Bloomberg Commodities (BCOM) index suite which is linked to products totalling over USD100 billion in assets.
Robert Minter, director of ETF investment strategy at abrdn takes a look at passive investing in commodities and shares his thoughts on where there could be investment opportunities – particularly for gold – in 2024.  
The European ETF market achieved a record 28 per cent growth – reaching over USD1.8 trillion assets under management (AUM) – in 2023, according to EY’s latest research, as strong market performance and buoyant investor preference fuelled significant growth in the asset class. This growth is expected to continue at 15 per cent annually for the next five years and reach over USD4.5 trillion AUM by 2030, the firm says.
This year sees the 25th anniversary of Invesco’s QQQ, the USD240 billion ETF – the fifth largest ETF in the universe – that tracks the Nasdaq 100, which has enjoyed out-performing the S&P 500 and achieving the position of number one in performance over 10, 15 and 20 years in the Lipper Large Cap Growth category as of December 31, 2023.

Global ETF Launches

Global Launches sponsored by STOXX
This week was quiet on the non-North American ETF launches front, with just the one launch from HSBC that focuses on technology in India.

US ETF Launches

US Launches sponsored by STOXX
20 new ETF offerings were launched for the week, 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 February 2024.
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