FIRST EUROPE-LISTED METAVERSE ETF
A busy week of ETF launches and fund updates in Europe including news that ETC Group and new entrant Roundhill have plans to launch Europe’s first metaverse-themed ETF.
Fund Launches and Updates
More index switching to ESG as BlackRock announced the proposal to change the index on the €1.4bn iShares € Corp Bond ex-Financials 1-5yr UCUTS ETF (EUNS) and the €1.4bn iShares € Corp Bond ex-Financials UCITS ETF (EEXF) to indices that track ESG metrics. Link
In a recent market announcement, both BlackRock and DWS have agreed to waive the total expense ratios on their suspended Russia-focused ETFs. Funds impacted are the iShares MSCI Russia ADR/GDR UCITS ETF (CSRU), the iShares MSCI Eastern Europe Capped UCITS ETF (IEER), and the Xtrackers MSCI Russia Capped Swap UCITS ETF (XMRC). Link
CoinShares announced the launch of a physically-backed Cardano ETP designed to share the rewards of staking with investors. The CoinShares Physical Staked Cardano will be listed on Germany’s main market Xetra and is the third ETP launched by CoinShares this year. Link
More fee slashing as DWS reduced fees on the €2.5bn Xtrackers IE Physical Gold ETC Securities (XGDU) from 0.15% to 0.12%; the Xtrackers II Eurozone Inflation-Linked Bonds UCITS ETF (XEIN) from 0.20% to 0.15%; and the Xtrackers II Harvest China Government Bond UCITS ETF (CGB) from 0.35% to 0.20%. Link
Global X has rapidly been launching new products this year and is now the most ETF issuer to enter the cryptocurrency ETP market. Last week, the Global X Bitcoin ETN (BT0X) and the Global X Ether ETN (ET0X) listed on Deutsche Boerse with TERs of 0.65%. Link
A tight race for the first metaverse themed ETF in Europe as ETCGroup and HANetf were first to announce their new Metaverse ETF last week. The ETF will track the Solactive ETC Group Global Metaverse Index and will list on the London Stock Exchange.
Effective 20 May, JP Morgan Asset Management plans to merge the $47m Global Emerging Markets Research Enhanced Index Equity fund with the $686m JP Morgan Global Emerging Markets Research Enhanced Index Equity ESG UCITS ETF (JREM). Link
More U.S. based issuers expanding across the pond as Roundhill, is set to enter the European market with the Roundhill Ball Metaverse UCITS ETF (METV) later this month. The ETF will be listed on the Deutsche Boerse with a total expense ratio of 0.59%. Link
State Street Global Advisors has launched four new Paris-aligned ESG ETFs.
The SPDR MSCI Europe Climate Paris Aligned UCITS ETF (SEPA), the SPDR MSCI USA Climate Paris Aligned UCITS ETF (SPUD) are both listed on Deutsche Boerse, Borsa Italiana and the London Stock Exchange while the SPDR MSCI World Climate Paris Aligned UCITS ETF (SWPA) is also listed on Euronext Amsterdam.
The fourth new ETF, the SPDR MSCI Japan Climate Aligned UCITS ETF (SPF6), is listed on the Deutsche Boerse. TERs range from 0.12% to 0.15%. Link
In Canada, ETF issuer Evolve has launched the Evolve Enhanced FANGMA Index ETF (TECE) which attempts to provide 125% of the daily performance of the Solactive FANGMA Equal Weight Index. The index is made of just the six FANGMA stocks, equally weighted. Expense ratio is 0.50%. Link
In the U.S., DoubleLine Capital, Jeffrey Gundlach’s $137bn asset management firm, has received approval from the SEC to launch two active non-transparent ETFs.
The company initially filed for the strategies – the DoubleLine Opportunistic Bond ETF and the DoubleLine Shiller CAPE US Equities ETF – in October 2021. The funds have expense ratios of 0.5% and 0.65%, respectively. Link
Exchange Traded Concepts is planning to launch an index-tracking ETF that targets NFT companies. The ETF, which tracks a Fount Investment Company index, is designed to track the performance of businesses that develop, manufacture, distribute or sell products or services in token technology subindustries. Link
VanEck recently launched the Digital Assets Mining ETF (DAM) which focuses on companies involved in the crypto asset mining industry. The fund has a net expense ratio of 0.5%. Link
Flows and Trading Volume
Suspensions at all levels of global markets have left Russia ETF investors in limbo. Link
Industry participants weigh the merits of applying an indexing approach to crypto exposures. Link
An overview of fee compression for US listed ETFs. Link
An ETF in Tokyo looks like last place to make Russia stock bets. Link
WEAT price soars at a premium to underlying value. Link