Green light given to ETF ‘self-indexing’, Global sto...


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Financial Times
FTfm ETFs
Tuesday April 30 2013

Exchange Traded Funds
 
Green light given to ETF 'self-indexing'
US regulators will now allow ETF providers to use back-tested data when marketing new products to institutional investors
http://link.ft.com/r/6NPSBB/PN69D4/WLXS67/WT38JN/ULWQLS/MQ/h?a1=2013&a2=4&a3=30
 
Global stocks hit fresh cyclical highs
Risk appetite remains underpinned by central bank hopes, as weak US and eurozone economic data fuel hopes of continued policy accommodation
http://link.ft.com/r/6NPSBB/PN69D4/WLXS67/WT38JN/Q37D3D/MQ/h?a1=2013&a2=4&a3=30
 
State Street, Vanguard making inroads in Europe
US firms State Street and Vanguard are gaining ground in the European exchange traded fund market, but are still a long way off market leader iShares
http://link.ft.com/r/6NPSBB/PN69D4/WLXS67/WT38JN/Z8IF8N/MQ/h?a1=2013&a2=4&a3=30
 
'Everyman' does not threaten alpha males
Machismo and the search for profit drives managers to shun back-to-basics products, even when there is space for both in the market
http://link.ft.com/r/6NPSBB/PN69D4/WLXS67/WT38JN/B4164C/MQ/h?a1=2013&a2=4&a3=30
 
Fidelity, Hancock, Pimco inch closer to active ETFs
The three fund managers received approval from the Securities and Exchange Commission to launch actively managed ETFs, as BlackRock was rolling out two such funds
http://link.ft.com/r/6NPSBB/PN69D4/WLXS67/WT38JN/1OQ3OR/MQ/h?a1=2013&a2=4&a3=30
 

ETF Central in FTfm Alchemy
 
Nasdaq launching ETP venue
Further reading for ETF investors... 

Nasdaq launching ETP venue 

Russia's first ETF rolled out 

Gold ETPs headed for record monthly decline 

New from BNP: FTSE 100 dividend trackers 

Next from WisdomTree: emerging markets trio 

New from Direxion: Brazil, Korea bear funds 
http://link.ft.com/r/6NPSBB/PN69D4/WLXS67/WT38JN/FDBVDG/MQ/h?a1=2013&a2=4&a3=30

 
WisdomTree profit jumps sixfold
Further reading for ETF investors... 

WisdomTree profit jumps sixfold 

Amundi names London CEO 

Deutsche alumnus Costandinides joining Markit 

Horizons closing Active North American Growth 

MSCI-linked ETF assets up last year 

iShares sees itself in competition with individual shares,
http://link.ft.com/r/6NPSBB/PN69D4/WLXS67/WT38JN/DXT0XB/MQ/h?a1=2013&a2=4&a3=30

 
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Video
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Investors behaving badly

Institutional and retail investors often fail to act in their own best interests, exhibiting behaviour that is at odds with their stated goals. Suzanne Duncan, global head of research for the State Street Center for Applied Research, tells FTfm's Chris Flood that investor behaviour is changing, affecting the future of the investment management industry.


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