ETFs Report 2013

AirplaneEnhanced index managers say they are attracting investors who want an alternative to active funds and a relatively lower risk means of gaining equity exposure, finds Judith Evans.

Mushroom cloudFund closures have increased as providers push their more popular products. Nicholas Pratt looks at the role of liquidity in ETF attractiveness.

UnicornMany years after the active versus passive debate was launched, the attacks on active managers continue. Nick Fitzpatrick reports.

Traditional institutional index funds are a major barrier to ETF success, at least in the UK pensions market, our panel on ETF industry development hears. Though smart beta could change this. Edited by Nick Fitzpatrick.

TrackNew rules require tracking errors to be disclosed in index-tracking Ucits funds. Judith Evans looks at the difficulties involved and discovers which of the methods used suit different types of investor – the short-term trader, or the long-term holder.

PresentLondon-based investors were recently granted the right to use their offshore renminbi and invest it into China under its renminbi qualified foreign institutional investor programme. Stefanie Eschenbacher finds Asian asset managers are exploring the possibilities to list their exchange-traded funds in Europe as Ucits.

ETF providers say custodians need to step up stock lending programmes to serve the European market. Our ETF operations panel discusses this obstacle to industry development, and highlights the problem of multi-market listings. Edited by Nick Fitzpatrick.

GlobeA pan-European market structure for ETFs might help reduce cost and boost liquidity. Nicholas Pratt examines the latest initiatives to create this model.

Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables

ROUNDTABLE: The issue is perception

Mar 21, 2017

Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.