Toby Lawes

1 week ago | etf.com | Toby Lawes

- The rise of benchmark-aware and index investing has killed the small-cap premium. - Stocks included in many indices have dramatically outperformed those with low index inclusion ratios. - Their cyclicality and suppressed valuations still make them worthy of a place in a well-diversified portfolio. The small-cap premium is “very likely dead,” and the forces that once drove it are “either gone or overwhelmed,” according to Joachim Klement, head of strategy at Panmure Liberum.

2 weeks ago | etf.com | Toby Lawes

Invesco has launched a systematic active ETF aiming to outperform global equities but with similar risk-reward characteristics to the benchmark, according to etf.com sister publication ETF Stream. The Invesco Global Enhanced Equity UCITS ETF (IQGA) debuts with a total expense ratio of 0.24% and is listed on Deutsche Boerse, Euronext Milan and the London Stock Exchange.

1 month ago | finance.yahoo.com | Toby Lawes

CLO ETFs experienced no “dislocations or surprises” during the April volatility, and the structures behaved “exactly as we had anticipated,” said Ali Dibadj, CEO of Janus Henderson Investors. As reported by Bloomberg and the Financial Times, CLO ETFs listed in the U.S. swung to wide discounts in early April—on average, more than 1% on April 4—as investors made large withdrawals during the market volatility.

1 month ago | etf.com | Toby Lawes

CLO ETFs experienced no “dislocations or surprises” during the April volatility, and the structures behaved “exactly as we had anticipated,” said Ali Dibadj, CEO of Janus Henderson Investors. As reported by Bloomberg and the Financial Times, CLO ETFs listed in the U.S. swung to wide discounts in early April—on average, more than 1% on April 4—as investors made large withdrawals during the market volatility.

1 month ago | etf.com | Toby Lawes

U.S. semi-transparent ETF model providers Precidian and Blue Tractor are positioning for business in Europe after both the Central Bank of Ireland (CBI) and Luxembourg regulator (CSSF) relaxed their respective stances on transparency. In the U.S., asset managers looking to deliver their investment strategies via an ETF without daily disclosure of full portfolio holdings must use one of the prescriptive models to have already received regulatory approval or develop their own.