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| | 2022 - A year for the history books Detlef Glow, head of Lipper EMEA Research at Refinitiv, commented this week on his European ETF Industry Review: 2022 that 2022 was a remarkable year for investors wherever they were based.
"Some may call it a year for the history books," Glow writes. "Major economic and geopolitical headwinds resulted in falling equity and fixed income markets around the globe."
Despite all that European ETFs continued to see inflows, and have, during all the challenges that have been thrown at them.
BlackRock published its January review of ETP flows finding flows slowing overall but European equity ETPs enjoying their largest inflow month since January 2022. Laura Cooper, senior macro strategist for iShares EMEA at BlackRock says: "Re-risking was the dominant theme that came through in January ETP flows, with investors balancing high quality credit positions with riskier allocations."
News this week brought us a new Global Crypto Classification from 21Shares and CoinGecko who write that they have created a uniform way to categorise cryptoassets, so investors and regulators can better understand the nuances within the asset class.
"Unlike traditional financial assets, crypto varies drastically from one asset to another – creating a need for a standard way to summarise and understand the different assets. In order to solve this, the methodology introduced is composed of three levels of categorisation, with each cryptoasset falling into one option within each level," the authors say.
Both of the biggest digital RFQ platform providers for ETFs announced upgrades to their platforms this week, with Bloomberg adding list trading to its RFQe service and Tradeweb, enjoying adoption by BlackRock of its new iNAV calculation service.
Commenting on the Tradeweb innovation, Jason Warr, Global Co-Head of ETF Markets at BlackRock says: "We are continually working to enhance the trading environment and overall market efficiency for ETFs."
There is one week left for voting in the ETF Express European awards for 2023.
To cast your votes please click here.
Beverly Chandler, Managing Editor
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Companies in this issue
21Shares
AllianzIM
ASYMmetric ETFs
BlackRock
Bloomberg
CoinGecko
First Trust
iShares
MarketVector Indexes
Refinitiv
Tradeweb
Sprott Asset Management
Strive Asset Management
| | | | | | | | | | Tradeweb launches iNAV calculation service, adopted by BlackRock |
Tradeweb Markets has announced it has launched a market data service to calculate real-time Indicative Net Asset Values (iNAVs) for ETFs. BlackRock became the first ETF issuer to use Tradeweb iNAVs for its iShares ETF suite in Europe, which are publicly available via Bloomberg and Refinitiv as of February 6th, 2023. |
| | | | Bloomberg adds list trading to its RFQe service |
Bloomberg has announced the launch of ETF list trading via its ETF Request for Quote service (RFQe), writing that it expands existing functionality that enables clients to trade multiple securities with a single click. |
| | | | | | | | | | | | | | | | | ETF EXPRESS GLOBAL LAUNCHES |
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Global ETF launches from 2nd to 9th February, 2023
There were two renewable energy launches this week, with Market Vector Indexes licensing their Global Uranium and Nuclear Energy Infrastructure Index to VanEck Europe, and Sprott launching four new energy transition ETFs.
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