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NEWSLETTER | 11 Aug 2023

BlackRock published July figures for ETF inflows this week and noted that India is booming in terms of ETP inflows, having enjoyed positive flows into EMEA-listed India ETPs for nine consecutive months, with a further USD0.2 billion added in July, taking YTD net inflows to USD0.7 billion.

We are currently in the nomination stage for the ETF service providers in our US ETF awards but, in the spirit of moving upwards and forwards as demonstrated by the Indian ETP inflows, ETF Express is very pleased to announce that we are launching the ETF Express APAC awards, 2024. The awards will cover the ETP markets represented in the APAC regions.

The awards event for the new APAC awards will be in August, 2024.

In other news, we have run a series of features through the summer, featuring everything from the ‘new normal’ as defined by Thomas Kuh, head of ESG Strategy at Morningstar Indexes, to the increasing strength of solar power as detailed by HANetf’s TANN adviser, Stephen Derkash.

It’s been quite the summer for the Irish ETF industry, with Marie Coady, Tax Partner at PwC Ireland, noting that Irish domiciled ETFs’ assets under management have surpassed the EUR1 trillion threshold for the first time at the end of June 2023, according to recent Morningstar data. The ETF industry in Ireland has continuously grown since 1990, with the past six years in particular witnessing a tripling of AuM from EUR362 billion in 2017 to EUR1 trillion in 2023, representing a CAGR of over 20 per cent over that period, Coady writes.

Lipper data also celebrated the Irish, revealing that Ireland comes in second after the US in terms of ETF global assets. Detlef Glow, head of Lipper EMEA Research at Refinitiv, reported that the US was the largest single country ETF domicile ((USD7334.0 billion) at the end of June 2023, followed by Ireland (USD1,058.9 billion), Japan (USD505.2 billion), Luxembourg (USD323.4 billion), and Canada (USD283.3 billion). These five ETF domiciles account for assets under management of USD9,504.6 billion, or 93.03 per cent, of the overall assets under management in the global ETF industry.

Nominations are flowing in for the US ETF service providers’ part of the ETF Express US awards this year.

Please click here to nominate.

Voting opens for US ETF issuers and service providers 27th August 2023.

Beverly Chandler, Managing Editor

For live updates please follow us on Twitterand LinkedIn.

Refinitiv Lipper has published a first half 2023 review of the global ETF industry, written by Detlef Glow, head of Lipper EMEA Research at the firm.

Marie Coady, Tax Partner at PwC Ireland, has noted that Irish domiciled ETFs’ assets under management has surpassed the EUR1 trillion threshold for the first time at the end of June 2023, according to recent Morningstar data.

News came earlier this year that Irish Life Investment Management (ILIM), the largest asset manager in Ireland, had launched the ILIM Global Thematic Equity Fund, which passively tracks the Solactive ILIM Global Thematic Equity Index.

Stephen Derkash, adviser to EQM Indexes, has become something of a specialist in clean energy, having had over 20 years of global portfolio management, working at UBS in long only international growth equities and in hedge funds, most notably as a Portfolio Manager at Millennium Management.

ETF issuer Teucrium has a pedigree in agricultural and commodities-based markets back to the launch of its CORN ETF in 2010. Jake Hanley, Managing Director and Senior Portfolio Specialist of the firm explains that Sal Gilbertie, CEO and President of Teucrium wrote the first Ethanol swap contract back in the day and observed the first iteration of commodities-based ETFs.

Global asset managers The TCW Group has announced the acquisition of the ETF business and its infrastructure from Engine No. 1, a San Francisco-based investment firm. The transaction is expected to close in the third quarter of 2023, subject to shareholder approval.

Lorraine Sereyjol-Garros, Global Head of Development for ETFs & Index Funds at BNP Paribas Asset Management explains to Romain Thomas why the firm has launched a platform for ETFs in Dublin.

Thomas Kuh, Head of ESG Strategy for Morningstar Indexes, has commented on the investment insight company’s Voice of the Asset Owner Survey 2023. The survey revealed that the ongoing political campaign in the US to ‘cancel’ ESG investment approaches is among the issues on the minds of asset owners.

ETF Express is very pleased to announce the 2023 outing of the popular ETF Express US ETF Awards.