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NEWSLETTER | 03 Feb 2023

Voting now open in ETF Express European ETF awards

You came, in your numbers, and nominated ETF service providers! We are now onto the final stage of the awards process, and our data partners, Trackinsight did a lot of sums (thank you!) and produced our issuer short list, and we have compiled our service provider shortlist which means that voting can now start in earnest for our 13th outing of the European awards. Remember even if you have nominated, you will need to vote to ensure your chosen companies have the chance of winning.

To vote on the Service Provider shortlists and Issuer shortlists please click here.

Gill Wadsworth examined the short selling phenomenon in ARKK this week, noting that despite the flagship ETF being back in the top performers in January, research from S3 Partners suggests this has not yet done enough to see off short interest in the ARK ETF family.

This week brought publication of Mackenzie Investments’ 2022 report on Canadian ETFs, with Michael Cooke, Head of ETFs, telling us that: "The Canadian ETF industry had another strong year in 2022, and despite nearly unprecedented market conditions."

Another look at 2022 came courtesy of Bloomberg Intelligence this week with Athanasios Psarofagis, Strategy Bloomberg Intelligence ETF Analyst, writing that European ETPs’ turnover exceeded EUR2 trillion for a third consecutive year in 2022, reaching a record EUR2.5 trillion amid volatile markets, but the products still represent only about 10 per cent of all trading.

Psarofagis’s insights included the fact that Germany’s ETP turnover last year topped the London Stock Exchange’s for the first time. He also noted that growth in MTF and RFQ platforms highlights that Europe’s ETP market is still largely a tool for larger institutional investors, according to the report. However, Hargreaves Lansdown, one of the UK’s biggest platforms for retail investors and advisers, said almost 10 per cent of its clients are using ETPs in some way — a small but growing percentage.

Beverly Chandler, Managing Editor

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Companies in this issue

ARKK
BlackRock
Bloomberg
BUX
Capital Group
Cerulli Associates
Mackenzie Investments

Capital Group, home of American Funds, has launched 12 active-passive model portfolios featuring Capital Group as the strategist. The models will be comprised of American Funds’ actively managed mutual funds and passively managed ETFs from Vanguard, Schwab, and BlackRock. As the strategist, Capital Group will select the passive ETFs in each model and manage the allocations.

Athanasios Psarofagis, Strategy Bloomberg Intelligence ETF Analyst, writes that European ETPs’ turnover exceeded EUR2 trillion for a third consecutive year in 2022, reaching a record EUR2.5 trillion amid volatile markets, but the products still represent only about 10 per cent of all trading.

Canadian asset manager Mackenzie Investments, with CAD186.6 billion under management, has published its annual Mackenzie Investments Year-End ETF Report.

ARKK sees return to form

Never a dull moment for Cathie Wood, founder and CEO of ARK Invest.

Some big forces moved further into ETF issuance this week, with Capital Group launching 12 new active/passive model portfolios, and BlackRock joining with European distributor BUX to offer ETF savings plans in Europe.