Boring, expensive and reliable


Bond yields have failed to rise in line with expectations. Taking a long-term view it’s not hard to see why. To get the sort of bond yields that many commentators think we should have requires global nominal growth to reverse its long-term trend and move significantly higher. Quantitative easing has… Read More »

Equities weighting increased to overweight


Columbia Threadneedle has recently increased its equity rating to favour from neutral on the back of lower political risk and positive earnings developments. Since last summer we have had a neutral stance towards equities, though within that we have favoured Japan, Asia and Europe, and since March this year have been… Read More »

Calm in the Emerging Markets


After years of capital flight, deteriorating economic policy conditions and high political risk, all is now relatively quiet in the emerging markets. President Trump’s protectionist ambitions seemed to throw a spanner in the works for a while, but this risk has largely disappeared as well. Since the beginning of the… Read More »

Political risk drives precious metal inflows


Precious metals inflows (US$126mn) continue for a second week on rising political uncertainty Precious metals inflows (US$126mn) continue for a second week on rising political uncertainty. Gold (US$50mn) and Silver (US$73mn) ETPs had another strong week of inflows. The main catalyst has been the increasing political tension in the US,… Read More »

Bargain-hunting continues among ETP investors

Morgane Delledonne -

Silver prices are attractive relative to gold, both have seen inflows of US$130m Crude oil ETPs saw US$128mn inflows representing 7% of crude assets under management, as investors see buying opportunities in recent price weakness. US crude inventories sharply declined (5.2mn barrels) last week, resulting in a 3% rebound of… Read More »

New SPDR ETF Analysis Reveals Surge in ETF Sector Investments


New analysis from State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), reveals there has been a five fold increase in global assets of sector exchange traded funds (ETFs) since 2008, reaching $394 billion in assets under management (AUM) at the end of 2016, with… Read More »

France and Europe narrowly survived populism


The announced structural reforms and budget control would improve the long-term outlook for France. The ability of Macron to pass his reforms is contingent on the parliamentary election mid-June Macron’s victory diminishes eurouncertaintyMacron gathered 66% of the votes in the second round of the French presidential elections – three points… Read More »

Deutsche Asset Management’s UCITS ETFs and ETCs get new ‘Xtrackers’ branding as sales momentum increases


Deutsche Asset Management (Deutsche AM) is harmonising its exchange-traded fund (ETF) and exchange-traded commodities (ETC) branding to ‘Xtrackers’ as the next step in pushing forward its growing Passive business. The current branding (db X-trackers ETFs and db-X ETCs) will be replaced with the single, unified Xtrackers to reflect Deutsche AM’s… Read More »