etfexpress news update - "ETF tides ebb and flow"

ETF tides ebb and flow

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

Copyright © 2020 All Rights Reservered

About | Disclaimer

Unsubscribe me from the list