Risk off sentiment appears prudent

Invesco’s Paul Syms, head of EMEA ETF Fixed Income and Commodity Product Management has commented on September’s slow month for fixed income markets, noting that a more buoyant picture for the global economy combined with central bank commentary that was broadly hawkish on rates had an impact.

The firm comments that the ‘risk off’ sentiment appears prudent given the market outlook, as it looks that growth will slow and inflation will fall back towards target.

LSEG Lipper’s data reported assets under management in the European ETF industry decrease over the course of September to EUR1,430.8 billion. Detlef Glow, Head of EMEA Research at LSEG Lipper, comments: “Some investors already expect that there might be room for decreasing interest rates later this year which might be reflected by the estimated inflows in bond ETFs.”

Our interview this week was with the woman of the moment, Cathie Wood, founder and CEO of ARK Invest which has just announced the acquisition of Europe’s thematic ETF issuer, Rize ETF.

Wood tells us: “This transaction marks a significant milestone in ARK Invest’s global expansion strategy and allows the firm to bring its suite of innovation-based active equity ETFs, under the UCITS framework, to investors across Europe, the United Kingdom and new markets globally.

“The transaction allows ARK to establish a European UCITS suite of its ETF strategies along with the proven distribution excellence of Rize ETF. It also incorporates Rize ETF’s valuable and differentiated impact strategies to be distributed by ARK affiliates across our global footprint. We are planning to launch several of ARK’s actively-managed strategies in the European markets by the end of the year.”

Watch this space!

Beverly Chandler, Managing Editor

For live updates please follow us on Twitterand LinkedIn.


With net inflows of USD1.9 billion, September saw the slowest pace for fixed income ETFs since February, according to Invesco. The firm writes that fixed income ETFs account for USD50.9 billion net new assets (NNA) in 2023, representing 46 per cent of net inflows.
LSEG Lipper reports that promoters in Europe enjoyed estimated net inflows (+EUR9.1 billion) for September 2023, and that assets under management in the European ETF industry decreased over the course of September to EUR1,430.8 billion.
ARK Invest’s CEO, Cathie Wood talks to ETF Express about the firm’s recent purchase of Rize ETF, expansion into Europe and the difference between active and thematic investing.

Global ETF Launches

Global Launches sponsored by STOXX
Non-north American launches this week are in the sustainability space, with KraneShares bringing to Europe a China Clean Tech ETF and Tabula launching an Article 9 ultrashort bond ETF.

US ETF Launches

US Launches sponsored by STOXX
23 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 Launches sponsored by STOXX
Hamilton ETFs launched the Hamilton U.S. Bond Yield Maximiser ETF (Ticker: HBND). The ETF seeks to deliver attractive monthly income, while providing exposure primarily to U.S. treasuries through a portfolio of bond exchange traded funds. To supplement distribution income earned on its holdings, mitigate risk and reduce volatility, HBND will employ an actively managed covered call overlay.
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