ETF Express Newsletter 01.07.22

ETF industry sees expansion

Europe is the focus of expansion this week, with the news that French insurer AXA’s investment management subsidiary AXA IM announcing that it is to revisit ETFs. AXA withdrew from offering ETFs in 2009, but ETF Express Paris correspondent Romain Thomas, reporting from Paris, obtained this statement from the firm. "We’ve always been pragmatic and opportunistic with regards to the evolution of our organisation, and business, adding new teams and capabilities to our set-up when there is a business rationale and alignment of interest with our clients…based on this approach, we can confirm that ETFs is an area we could consider as we see that, as an investment vehicle, ETF can be attractive for our clients next to our existing range of mutual funds".
From the US, the nimble RBB Fund’s Craig Urciuoli told us of their plans to expand internationally, and of their long list of listings, some already filed and some on the books, for firms who wish to launch or convert within the ETF space. RBB managed the technically challenging process of converting the Motley Fool from mutual fund and SMA to ETFs in 2021, as detailed in our interview with Kelsey Mowrey, Motley Fool Asset Management’s president.
The firm also launched a semi-transparent ETF with Blue Tractor and has other semi-transparent ETFs poised to make their entrance.
"On the ETF front I would say that one of the things I am most proud of is the conversions of active and passive strategies and our semi-transparent and fully transparent products - we are playing at the leading edge of ETFs," Urciuoli says.
News this week of the crypto winter, as it is being called. All a bit Game of Thrones, as it so often is in this sector. I had a lively live panel session on Asset TV this week with Grayscale’s David LaValle and HANetf’s Andre Voinea discussing what is happening in the crypto world. They made valid points drawing parallels between the oil price and crypto – remember the oil price last year? And LaValle asked: "Why can cryptocurrencies never go down?" It’s time to fill your boots with crypto according to the pair.
If you missed that session, it will be available on Asset TV shortly. Always ready with a new launch, 21Shares has not missed a trick and launched a crypto winter suite this week. "While we’re experiencing a tougher market today, interest in the long-game of cryptocurrency has not wavered," says Hany Rashwan, CEO and co-founder, 21Shares.
Beverly Chandler, managing editor, ETF Express
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Companies in this issue
21Shares
AXA IM
Chimera Capital
DWS
Franklin Templeton
Grayscale
HANetf
ICE
IndexIQ
Invesco
Jacobi Asset Management
Mega International Investment
Nuveen
Qontigo
RBB Fund
STOXX
VanEck

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