ETF Express Newsletter

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NEWSLETTER | 28 Aug 2020

The big news this week was that industry giant Vanguard is to pull out of Hong Kong and, in particular, its provision of ETFs in Hong Kong. Reasons given in its exclusive statement to ETF Express was that the business had turned out to be largely institutional and not the retail audience upon which its famously pared back business model is based.

Another industry giant, but this time, one new to the ETF industry, also spoke to ETF Express this week: read our interview with Tim Coyne of T Rowe Price which has stepped into the ETF pool with its launch of semi-transparent ETFs based on its own long-running active mutual funds.

We also spoke to Paul Dellaquila from Defiance ETFs, a firm which continues to build its portfolio of thematic ETFs, with the launch of a junior biotechnology ETF, and at just two years old has built an asset base of USD500 million.

It’s all about the active again this week, with latest figures from ETFGI revealing that active ETFs continued to gain record breaking assets in July.

Please take a moment and go and vote for your favourite ETF providers and ETF service providers in our ETF US awards – pre-selected by Bloomberg. You just have to tick your preferred choices. The firms with the most votes win. Cast your vote here.

Finally, momentum is building for our etfLIVE North America event in October. Pre-register here. Professional investors attend for free.

Beverly Chandler
Managing Editor, ETF Express

Companies in this issue
BlackRock
CornerCap
Defiance
Direxion
ETFGI
HSBC
T Rowe Price
Vanguard

Global ESG ETF/ETP assets hit USD100bn at end of July 2020, say ETFGI

Thu | 27 Aug 2020, 12:51

Environmental, Social, and Governance (ESG) ETFs and ETPs listed globally broke through the USD100 billion AUM milestone at end of July 2020.

Thu | 27 Aug 2020, 12:51

Vanguard Group, the world’s largest mutual fund manager, is to ‘wind down’ its Hong Kong operations and exit Hong Kong ETFs.

Thu | 27 Aug 2020, 12:51

Earlier this month saw asset management giant T Rowe Price, with USD1.22 trillion under management, enter the ETF arena, in the US, with four semi-transparent ETF products that largely mirror their existing mutual fund offerings.

Thu | 27 Aug 2020, 12:51

Latest figures on that most popular of ETF strategies, actively managed ETFs, reveal that they reached a new record asset high of USD194 billion at the end of July.

Thu | 27 Aug 2020, 12:51

Voting is now underway for the ETF Express US Awards 2020, which will be unveiled and celebrated at an exclusive virtual ceremony and industry networking event to be held on 24 September.

CAST YOUR VOTE >

Defiance ETFs launches junior biotech ETF

Thu | 27 Aug 2020, 12:51

Relatively new kid on the ETF block, Defiance ETFs, has continued on its mission to pick off key themes with the launch this week of the Defiance Nasdaq Junior Biotechnology ETF (IBBJ).

Global ETF launches 20-27.08.20

Thu | 27 Aug 2020, 12:51

The big news in terms of launches this week is T Rowe Price’s entry into the ETF space with the launch of four semi-transparent, active funds that largely mirror existing mutual fund offerings. The week’s other notable newcomers include a Connected Consumer fund from Direxion based on a Solactive index, a junior biotech ETF from Defiance ETFs, plus thee new iShares bond ETFs.