ETFs Financial News

JPMorgan Global Equity Premium Income UCITS ETF (JEPG) aims to offer investors 7-9% annualised income, paid monthly, with less volatility than its benchmark.

Investors in trusts returned to a familiar favourite in Scottish Mortgage, which reclaimed the head of the rankings after being knocked into second place last month by City of London

BlackRock, the world's preeminent asset manager with over $9 trillion in assets under management, has recently filed for a Bitcoin spot ETF. This move sent shockwaves across the financial world and prompted other industry giants like Fidelity, Invesco, Wisdom Tree, Bitwise and VanEck to follow suit. The development is ironic considering BlackRock CEO Larry Fink dismissed Bitcoin as little more than an index for global money laundering in 2018. The market celebrated BlackRock's change of heart, propelling Bitcoin's value past the $35,000 mark, up 100% since the start of the year. An Exchange-Traded Fund (ETF) is a versatile investment vehicle that has gained immense popularity among investors. Unlike a traditional stock, which gives you ownership in a single company such as TCS, Infosys, or Wipro, an ETF is a diversified collection of stocks or other assets. Imagine a basket named TIW that holds shares from TCS, Infosys, and Wipro. This basket is then listed on a stock exchange like the NSE, making it accessible to the general investing public. The term «Exchange-Traded Fund» is derived from the fund's ability to be traded openly on an exchange, just like individual stocks.

The contractual waiver may be terminated prior to that date, the firm said, but only upon written agreement.

The company explained the reduction is part of the 'ongoing optimisation and forward-looking orientation' of the broader Xtrackers range of products.

JP Morgan was the best-seller in Europe for October with €7.1bn inflows, while BlackRock has been the best-selling house for the year to date, attracting €64.4bn.

The strategy aims to provides exposure to 'high-quality and high-profitability' companies at a 'reasonable' valuation, and has a total expense ratio of 0.29%.

Berruga joined Global X as COO and CFO in 2014 and was named CEO in 2018. Under his leadership, Global X’s AUM has grown to $39bn and its market share has nearly doubled.

The absorbed ETF will stop trading on 30 November, with the merger date set for 1 December.

Investors lost more value in focused funds such as those tracking the Morningstar broad themes technology or physical world, compared with more diversified broad thematic peers.

All four ETFs will be wound up by the end of the year, with the final day of trading set for 12 December.

The firm said the vehicle is Europe’s first ESG-screened ETF targeting India’s growing internet sector.

Benoit Sorel (pictured) has taken on the role of global head of ETF, indexing and smart beta business line at Amundi.

The Xtrackers World Biodiversity Focus SRI UCITS ETF, Xtrackers Europe Biodiversity Focus SRI UCITS ETF and Xtrackers USA Biodiversity Focus SRI UCITS ETF were listed on the Frankfurt Stock Exchange on 3 November.

BlackRock’s best seller throughout the quarter was the iShares North American Equity Index, which attracted record inflows from retail investors.

The fund will also be renamed to Franklin FTSE Asia ex China ex Japan UCITS ETF.

Before Deustche, Dragosch (pictured) worked in portfolio management and investment research at firms such as Union Investment, FERI and Helaba Invest.

Equity US was the best-selling Lipper Global Classification for the month, gaining $28.7bn, over half of what the category gained in the first six months of the year combined.

The new funds will be managed by Franklin Templeton’s European fixed Income team.

Valérie Baudson, CEO of Amundi

Valérie Baudson, CEO of Amundi