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NEWSLETTER

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Keeping focus

This week is about keeping focus, but focusing on a number of things, as we have a wide range of products under our lens. Natixis’s Nick Elward tells us that more financial advisers are talking about if they are going to invest in active ETFs, they want to know it’s a concentrated product with significant positions in securities which the PM has high conviction.

ETF issuer Teucrium has high conviction on agricultural commodities, but Jake Hanley, managing director, tells Fiona Nicolson that the firm’s focus is ‘to broaden awareness of the fact that we’re not just an agriculture ‘shop’.’

We also bring you news this week of a new white labelling offering from Switzerland, in the digital assets space, with our interview with Bruce Jackson, alternatives fund administrator Apex’s Chief of Digital Assets. The firm has launched Issuance.Swiss AG, with Jackson and digital asset veteran Laurent Kssis on the board. First product has just arrived and more are planned. The firm is also tokenizing alternative institutional funds to enable the smaller investor to take part.

Fee compression, as predicted by Jackson and Kssis, has continued in the US, with State Street’s Jeff Sardinha’s prediction in our crypto podcast that Grayscale would launch a new bitcoin ETF coming true and VanEck joining the crowd with a waiver of fees for its bitcoin trust HODL.

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

All these free products coming down the line for US investors must have their impact somewhere and we have the timely Calastone study on the changing face of ETF administration. According to Calastone’s white paper, the lack of progress around automation, particularly around the creation and redemption process in the primary market, has been raised by clients of asset servicers as being a problem.

57.6 per cent of issuers said the creation and redemption process was the most important factor when measuring the success of their ETF fund administration services.

41.4 per cent of issuers said that the creation and redemption process was one of the two areas of ETF servicing most in need of improvement.

Next week sees us opening the nominations for the ETF Express Canadian ETF Awards service providers. Watch the site and nominate your favourite ETF service providers in Canada.

Beverly Chandler, Managing Editor

For live updates please follow us on Twitter and LinkedIn.

LATEST NEWS

Funds network, Calastone, has published its latest ETF white paper which examines several of the processes that take place across the lifecycle of an ETF, assesses the industry’s state of readiness to tackle change, and looks at how ETF asset servicers need to adapt to surmount these challenges.
The battle over gaining assets in the spot bitcoin ETF sector in the US has stepped up with VanEck announcing the waiver of its sponsor fee for the VanEck Bitcoin Trust (HODL), which provides exposure to spot bitcoin, effective immediately. 
Natixis Investment Managers has recently enjoyed an asset management boost with its latest fund, the Quality Income ETF (GQI), managed by Gateway Investment Advisers, launched in December, investing in fixed income and options, and enjoying assets of over USD70 million.
As we move into springtime, Teucrium’s managing director and senior portfolio strategist, Jake Hanley, takes a look at some of the main factors affecting agricultural commodities – and what the next quarter might hold.  
Apex Group, a global provider of administration of alternative asset funds, with USD3 trillion in AUA, also oversees a sizeable cryptocurrency fund business of 70 plus cryptocurrency funds. 

Global ETF Launches

Global Launches sponsored by STOXX
Just two non-North American launches this week, with new Swiss-based digital asset white labelling firm launching a Cardano staking ETP, and Amundi debuting a developed and emerging market ETF in three currencies.

US ETF Launches

US Launches sponsored by STOXX
10 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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