| |  | | NEWSLETTER | 29 May 2020 |
 | | EFAMA calls for creation of consolidated tape
No sooner was the etfLIVE Europe digital summit over but one of the subjects that engaged the regulatory panel came to the fore, with the announcement from EFAMA that the appointment of a consolidated tape provider would further strengthen the ETF ecosystem in Europe. etfLIVE Europe panellist Brian Higgins, partner, Dillon Eustace, commented: “As EFAMA has highlighted, it is important to ensure that timely and good quality data is available to market participants at a reasonable cost.”
This week also saw evidence of demand for leveraged ETP products, with REX Shares announcing its eighth upsize so far this year in its Big Oil 3x ETN on the back of customer demand, while GraniteShares’ Will Rhind, etfLIVE Europe summit panellist, reported that assets in his three year old firm have gone up to over USD1 billion. GraniteShares offers leveraged and short single stock ETPs in London.
Finally, we have an interview with Nick Hooten of QS Investors, Legg Mason’s USD15 billion quant arm that finds ETFs ‘very valuable’ when constructing portfolios. Hooten will be speaking at etfLIVE’s US digital summit in October.
If you missed out on etfLIVE Europe last week, you can register here to access catch-up recordings of all the panel discussions and Q&A sessions…
Beverly Chandler,
Managing Editor, ETF Express
Companies in this issue
Dillon Eustace
EFAMA
GraniteShares
HANetf
JP Morgan
KraneShares
Legg Mason
QS Investors
Xtrackers
| | | | | | | | | | | | | | EFAMA calls for creation of consolidated tape | | Thu | 28 May 2020, 14:46 | | EFAMA has called on the European Commission (EC) to enforce the creation of a consolidated tape (CT), commenting: “MiFID II still fails to deliver a CT and the notion of “Reasonable Commercial Basis” in data cost has been largely overlooked. |
| | | | Leveraged and short ETPs and ETNs enjoy increased attention in volatile markets | | Thu | 28 May 2020, 14:46 | | Leveraged and short ETPs have seen growth over the period of market volatility. REX Shares’ US Big Oil Index 3x Leveraged ETN (NRGU) has had its principal amount increased by USD250 million, to a new total of USD975 million and 19.5 million notes, respectively, its eighth upsize in 2020, so far. |
| | | | Cerulli reports on ETFs during testing times | | Thu | 28 May 2020, 14:46 | | Latest research from Cerulli Associates finds that the Covid-19 pandemic has eased, if not totally dispelled, long-standing worries that Europe’s ETF sector would buckle in the event of mass redemptions. |
| | | | PwC study finds ETF numbers larger than mutual funds | | Thu | 28 May 2020, 14:46 | | PwC Luxembourg’s 20th edition of its Annual Global Fund Distribution (GFD) Poster reveals that the number of cross-border ETFs has increased from 4,435 in 2018 to 4,780 in 2019, showing a growth rate of 7.8 per cent. |
| | | | Legg Mason’s quant arm finds ETFs ‘very valuable’ | | Thu | 28 May 2020, 14:46 | | QS Investors is one of nine subsidiary firms of Legg Mason, and is where the quantitative solutions for institutional investors are found. The majority of its USD15 billion in assets is in quant solutions which marry the firm’s research to client needs, says Nick Hooten, Head of Investment Solutions, at the firm. Hooten will be joining the ETFs in Depth panel at etfLIVE US in October this year. |
| | | | Global ETF launches 21-28.05.20 | | Thu | 28 May 2020, 14:46 | | European white-label ETF and ETC platform HANetf broadened its horizons this week with news of its first five launches on the SIX exchange in Switzerland offering investors transparent and liquid exposure to long-term social, medical and technological ‘megatrends’. Elsewhere, bonds where the focus for both KraneShares and Xtrackers with the former launching a new Chinese bond market ETF, and the latter a brace of funds offering access to US government and Eurozone bonds. JP Morgan meanwhile launched two new active transparent equity ETFs. |
| | | | | | | | |  | | The European ‘no business contest’ has happened, and the votes are in By Allan Lane (pictured), Algo-Chain – We live in strange times; many countries have seen business come to a complete and utter standstill and yet in many instances the equity markets continue with gay abandon. In this new paradigm, perhaps best described as a once in a lifetime fish tank, some equity markets are performing much better than others. |
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