Tag: ETFs

Platinum prices have been pretty rocky of late (see chart), but that’s not stopped exchange traded funds in the metal doing well. Earlier this year, Absa listed its fully-backed platinum ETF, NewPlat, on the Johannesburg Stock Exchange.

It has now emerged that NewPlat now accounts for approximately 20 per cent of the total global platinum ETF holdings. Absa confirmed to beyondbrics that as of the end of Thursday, the fund held 391,789 ounces of platinum to back its securities, representing over one-fifth of all platinum held by ETFs. What’s going on? Continue reading »

Money managers seeking access to EM domestic debt have a new option from Thursday with the launch of what is claimed to be the world’s first exchange traded fund for emerging market inflation-linked bonds. Continue reading »

South Africa is already known for being a one of the best-regulated financial markets – ranked first in the world by the World Economic Forum, no less. Now the country’s desire to keep in line with international market standards has prompted the Johannesburg Stock Exchange to strengthen its exchange traded derivatives market with a new default fund to protect investors.

The fund, announced on March 14, is aimed at protecting investors in the event of a clearing member defaulting – a necessity for clearing houses following the 2008 financial crisis. The question is – in the event it is needed, who ultimately pays? Continue reading »

Photo: Bloomberg

South African investors have been cautious about dipping into exchange traded products (ETPs), which hit the scene just over 10 years ago. Reservations about the passive nature of such products have been an issue for some. But attitudes are changing and the figures are ticking upwards. Continue reading »

The popularity of exchange traded funds seems to know no bounds. ETFs, or open-ended investment funds that trade on stock exchanges like stocks, have emerged from nowhere in recent years to control over $1.7tn in assets under management.

While most ETFs track the return of an equity index such as the FTSE 100 or the S&P 500, their ease of use and low fees have also make them the big new story in emerging markets investment. Continue reading »

It’s been a good week for African fixed income, which is receiving a profile boost courtesy of a handful of indices.

First, sub-Saharan Africa’s two biggest economies, Nigeria and South Africa, joined leading global government bond indices. Now Kenya’s securities exchange has followed by launching the country’s first government bond index, which it hopes will deepen capital markets. Continue reading »

Exchange Traded Funds are on the march in Asia and a new listing this week in Hong Kong highlights two of the main trends investors can expect to see.

Lippo Limited, the Hong Kong investment company of Indonesia’s Riady family-run Lippo Group, listed the first Hong Kong ETF focused on solely in property in greater China – the Lippo Select HK & Mainland Property ETF. Continue reading »

ETFs aren’t just for developed market exchanges, as a new listing in Ghana shows.

Absa Capital’s gold-backed NewGold ETF, launched last week, follows its secondary listings in Botswana in 2010 and Nigeria in December 2011 with an initial offering to investors of 400,000 units, with each costing 31 cedis ($16) and representing 0.01 ounces of bullion. Continue reading »

Pension calling

Colombia is not a country that figures high on the radar screen of most global firms when it comes to the asset management business. The country’s pension funds, with $66bn in assets under management, are tiny compared to the $311bn in the regional powerhouse that is Brazil.

But small can be beautiful. Just ask BlackRock. The world’s biggest money manager by assets is setting up shop in Colombia following the unexpected – but significant – success of a local exchange traded fund (ETF) it launched last year.  Continue reading »

Investors who spent last year clamouring for emerging market bonds are cooling off a little, according to a beyondbrics report on latest figures from EPFR Global, the fund flow data provider.

But as a report in Monday’s FTfm suggests, the change in sentiment might not just be due to a new round in the so-called “currency wars”. Instead, it might be that investors have noticed they are not making the sort of money they expected. Continue reading »

[This post replaces a previous version in which we misinterpreted the direction of the ETF's currency hedging strategy. Thanks to BB readers MJT and Justin Cormack for spotting our error.]

The world’s first renminbi-denominated ETF tracking the gold price launched this week, seeking to take advantage of surging appetite for both bullion and the Chinese currency. Yet, since it started trading in Hong Kong on Tuesday, the Hang Seng RMB Gold ETF has failed to attract much interest from investors. Continue reading »

Shoppers walk past stalls at the 'ladies market' in Hong KongInvestors looking for exposure to some of Asia’s fastest growing markets will soon have a new option: a line of small-cap, single-country exchange-traded funds targeting Hong Kong, Singapore, Indonesia, Thailand, Malaysia and the Philippines.

The suite is the brainchild of IndexIQ, a Rye Brook, NY-based asset management firm specialising in alternative investments. The strategy is to tap into China’s economic growth through investing in some of its top trading partners, who provide the goods and services driving that growth, chief executive Adam Patti told beyondbrics. Continue reading »

As the use of exchange traded funds continues to mushroom, a report in Monday’s FTfm looks at how emerging markets are being affected by their huge popularity.

Since the middle of January, investors have been pulling money out of emerging markets and switching it into developed markets. At the vanguard of this move have been ETFs, according to Mark Konyn, chief executive of RCM Asia Pacific, writing in the supplement. Continue reading »

Those who think the Asean countries are emerging as a new asset class, albeit slowly, got a bit of support this week with the launch of the first US listed exchange-traded fund focused on the 10-country region.

It’s a bit soon to say anything conclusive – the Global X FTSE ASEAN 40 ETF rose on its first day of trading in New York on Thursday, but only by 0.3 per cent, which hardly suggests a torrent of pent-up demand. Continue reading »

map of Latin America“Three for the price of one” works just fine on the sales tables of department stores the world over, so why not the stock market?

An exchange-traded fund that launches on the New York Stock Exchange Thursday morning is the first to target the Chilean, Colombian and Peruvian bourses, which will soon combine to become Latin America’s second-biggest market after Brazil. Continue reading »

Global equities macromap

Number of the day

£1bn Investment in the UK by Dalian Wanda, the Chinese property developer, which is buying control of yachtmaker Sunseeker and building a London skyscraper..

beyondbrics

The emerging markets hub

About this blog Headlines email Blog guide
News and comment from more than 40 emerging economies, headed by Brazil, Russia, India and China.



'Like' our beyondbrics Facebook page, where we showcase a top story of the day
Sign up for our news headlines and markets snaphot service. We have two emails per day - London and New York headlines (sent at approx 6am and 12pm GMT).

Pretty much everything you need to know about beyondbrics is in our About this site page. But briefly:

To comment, please register for free with FT.com and read our policy on submitting comments.

There is an overall beyondbrics RSS feed, as well as feeds for all our countries, tags and authors. Learn more in our full RSS guide.

All posts are published in UK time.

Get in touch with us - your comments, advice and even complaints. Find out how to contact the team.

See the full list of FT blogs.

BB registration

After more than three years of fully open access, we are asking our readers to register on FT.com to read our articles for free and let us know a bit more about you.

Many of you are already registered on FT.com, or are subscribers - in which case, if you are logged in to the site you will not notice any difference. Just carry on as before.

For those of you not yet registered, it's a simple process which only takes a few moments.

Reading beyondbrics articles will NOT deduct from your free monthly quota of stories on FT.com.

BB shortcuts

Regulars Series Archive
Chart of the week
Behind the numbers

Corporate watch
A regular in-depth look at a significant emerging market-based company

The Weekender
Catch up with the week in emerging markets
Hello 2013
Guest posts on the outlook for the year ahead

2012 review
Quiz, charts, most read and more

BB review
An occasional series reviewing books and arts from around the beyondbrics world

Brics at 10
A decade of growth
12 for 2012
Guest writer predictions
2011 review
The year in numbers
The Diaspora Digest
EM diasporas, seen through their community media (Oct-Nov 2011)
Sick brics (Sep 2011)
Brics and mortar (Aug 2011)
Beyondbrics on the beach (Jul-Aug 2011)
China bubble? (June 2011)
Post-election Nigeria (June 2011)
Hey bric spender (Aug 2010)

Emerging markets data

Archive

« MayJune 2013
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930