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| ETF fees remain under pressure
We take a look at ETF fees this week, examining the various approaches to them. Zero fee or fee waivered ETFs are dismissed as a gimmick but low fees are universally seen to be a good thing. However, in a week that saw more consolidation in the asset management industry, with Franklin Templeton’s acquisition of Legg Mason, it is timely to remember that only the larger firms can offer the lowest fees. For investors to have variety of product, smaller providers need to be in the mix too.
And what a week it was for that with Rize ETF’s – Europe’s newest ETF provider – bringing us medical cannabis and cybersecurity, and HANetf and the Royal Mint bringing us gold.
We also have an interview with Rick Redding of the Index Industry Association, who comments on how difficult it is to create ESG indices that have real worth, which sits nicely alongside Claire Smith, from Beyond Investing’s VEGAN index, writing on the huge variety of ESG indices out there.
Finally, I am very pleased to announce that ETF Express is to host its inaugural event, etfLIVE Europe in London on 20 May. Please go to this landing page to find out everything you need to know and to register your interest in attending, speaking or sponsoring…
Beverly Chandler
Managing Editor, ETF Express
Companies in this issue
Algo-Chain
Amundi
Franklin Templeton
HANetf
IIA
Legg Mason
Lyxor
Refinitiv
Rize ETF
The Royal Mint
Scientific Beta
Vanguard
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| Franklin Templeton acquires Legg Mason for USD6.5bn | | Thu | 20 Feb 2020, 13:10 | | Global asset manager and ETF provider Franklin Templeton is to acquire Legg Mason in USD6.5bn all-cash deal that will create a combined global asset management business with USD1.5 trillion in AUM. |
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| Lyxor reports January ETF flows | | Thu | 20 Feb 2020, 13:10 | | Lyxor’s latest ETF Money Monitor for January shows that ETFs gathered EUR11.6 billion in January 2020, with ESG ETFs continuing their strong trend, gathering EUR2.3 billion. |
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| Refinitiv reveals new all-time high in European ETF inflows in January | | Thu | 20 Feb 2020, 13:10 | | The monthly European ETF market report from the Lipper team at Refinitiv reveals that the promoters of ETFs in Europe saw net inflows of EUR12.1 billion for January. The firm writes that the assets under management in the European ETF industry (EUR883.1 billion) increased during January to a new all-time high. |
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| ETFs face continued pressure on fees | | Thu | 20 Feb 2020, 13:10 | | ETF fees are fairly permanently in the spotlight and the current price war between providers means that fees appear to continue to be pushed down. |
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| The Royal Mint’s gold ETC to launch this week | | Thu | 20 Feb 2020, 13:10 | | The Royal Mint is to launch its first ETC this week, in partnership with HANetf. The Royal Mint Physical Gold Securities ETC (RMAU) will list on London Stock Exchange and is designed to offer investors an effective way to access the gold market as it tracks the physical price of gold. |
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| IIA sees impressive growth in ESG indices | | Thu | 20 Feb 2020, 13:10 | | Environmental, social and governance (ESG) lie front and centre in the index world says Rick Redding, the CEO of the not-for-profit Index Industry Association (IIA). “It’s what a lot of people are working on and where a lot of interesting work is being done trying to look at ESG in a much more sophisticated way.” |
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| Global ETF launches 13-20.02.20 | | Thu | 20 Feb 2020, 13:10 | | It may have been a quiet week for ETF launches, but there were still some notable debutants including the first two funds from Europe’s newest ETF provider Rize ETF and a gold ETC from the Royal Mint. Elsewhere, Lyxor expanded its fixed income range with three new ETFs built to provide a more sustainable exposure to High Yield bonds. |
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| | How green is my index? Beyond Investing’s Claire Smith (pictured), creator of the US Vegan Climate Index writes this week’s In My Opinion, asking ‘Are all ESG Indexes as green as you want them to be?’
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