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The law of unintended consequences

Tune in now to the second in our new podcast series, in association with TrussEdge. This month, we feature Jeff Prestridge, a personal finance journalist of many years standing, and Personal Finance Editor of The Mail on Sunday and The Daily Mail, plus Allan Lane, co-founder of Algo-Chain.

We discussed ETFs and their relatively slow uptake by retail investors in the UK with Jeff putting the responsibility for that firmly in the court of ETF marketing material, which he describes as ‘almost unpalatable’. Allan cited the law of unintended consequences, picked up by Jeff, who matched it with the result of RDR in the UK leading to a lack of financial advice for most people. Listen now and do email me via our website with your thoughts and comments.

Off the Record – the law of unintended consequences

Our big features this week include an interview with Alexandra Russo, Head of ESG Client Portfolio Management for the US & UK with Candriam, who explained that the power of the ‘G’ in the ESG formula is all important, in this case, keeping them out of Credit Suisse.

“Governance is always important,” Russo says, “but no one factor is more important than the others. We want to understand what is most material in the industry the company is operating in and in financial services, governance is hugely material, so a lack of strong governance is likely to cause some problems down the road.”

Our Paris-based correspondent, Romain Thomas talked with KraneShares’ Dr Xiaolin Chen this week on their entry to the French market. She confirmed that the firm is committed to Europe and plans to continue its expansion across the region.

Canada’s NEO exchange has become Cboe Canada this week with its rebranding completed. You have one more day to nominate service providers in the ETF industry in Canada with nominations ending end of Friday 28th, and Monday sees the opening of the voting process for both service providers and ETF issuers as we publish the shortlists for both.

Keep an eye on our site in order to participate in the Canadian ETF Awards.


Beverly Chandler, Managing Editor

For live updates please follow us on Twitter and LinkedIn.

LATEST NEWS

Canadian exchange NEO has rebranded as Cboe Canada, writing that this is yet another milestone as they continue to integrate into the Cboe Global Markets network. 
April’s edition of the ETF Express podcast Off the Record in partnership with Truss Edge, sees us delving into the retail audience with a conversation with Jeff Prestridge, Personal Finance Editor at Mail on Sunday and the Daily Mail, and Allan Lane, co-founder of Algo-Chain. Jeff has strong and challenging views on ETFs, more on their marketing, saying a lot more could be done to make them more appealing to investors and dismissing the information available on ETF websites as ‘almost unpalatable’. Prestridge also has controversial views on ESG, which he describes as ‘not fit for purpose’.
Dr Xiaolin Chen (pictured), Head of International at KraneShares, explains to Paris-based Romain Thomas why her firm has entered the French ETF market.
Alexandra Russo is Head of ESG Client Portfolio Management for the US & UK with Candriam, a USD156 billion global asset manager pioneer in sustainable investment, which has worked on a number of ESG ETFs with IndexIQ.

US ETF launches

Seven 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.

Canadian ETF launches for April

A summary of the Canadian ETF launches that occurred in April 2023.

Canada ETF LAUNCHES

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