Reports and investment research on ETFs and other fund vehicles, including mutual funds, UCITs and white papers on liquid alternatives. Research on liquid alts has received a lot of attention, as institutional investors and FOHFs show increasing interest in the many different types of liquid alternative mutual funds. For hedge funds, alternative UCITs provide another opportunity to expand their investor universe. Research on future trends in UCITs has been popular, as have papers on the use of sub-advisers for liquid alternatives. The most popular ETF research includes papers on smart beta ETFs, best practices for ETF trading, Asian ETFs and bond ETFs. Different ETF articles will appeal to different members. For asset allocators seeking to make short-term allocations to an asset class, research providing a cost comparison of futures and ETFs has received many downloads. For DC Plan Sponsors, the question "should ETFs be an investment option in DC plans?" has generated a lot of interest, whereas for Canadian plan sponsors a paper questioning the use of mutual funds in Canadian pensions has proved popular.
52% of institutions have replaced a derivative product with an ETF (see 1 below). Efficiency, precise exposures, improved flexibility and low cost are all features that have contributed to ETFs assuming a more prominent role alongside traditional derivatives.
Access the all-new guide to learn about trends in institutional bond ETF adoption, to discover the benefits of bond ETFs and common applications, and to explore case studies, analytical tools, resources and more.
Institutional flows into ETFs are expected to grow to $300B annually by 2020. Institutional Investors around the world are stepping up their use of ETFs as part of a broad transformation in portfolio management. Driving this growth is a wholesale reconsideration of the long-held distinction between active and indexed investment approaches.
This 31-page paper appears in CFA Institute's Financial Analysts Journal. It examines the topic of ETF pricing inefficiencies. Despite the arbitrage mechanism that allows authorized participants to create and redeem shares for the underlying portfolios, ETF prices can deviate significantly from the net asset values. Typically, the deviations are larger in funds holding ...
This report examines the impact of fees on the performance of mutual funds and institutional managed accounts across equity and fixed income categories, using gross- and net-of-fees returns.
Smart beta, which has its roots in factor investing, is enjoying growing popularity. But investors often struggle with how best to implement these strategies. We aim to provide a clearer picture of what factor-based investing actually is and suggest three ways in which investors can implement quantitative strategies. Read also:
EDHEC-Risk Institute conducted its 9th survey of European investment professionals about the usage and perceptions of ETFs at the end of 2015. The aim of this study was to analyse the usage of exchange-traded funds (ETFs) in investment management and to give a detailed account of the current perceptions and practices of European investors in ETFs. Responses were provided by 219 ...
52% of institutions have replaced a derivative product with an ETF (see 1 below). The rapidly changing investment climate in Equity Delta-1 requires a closer focus on implementation and vehicle selection. In the 2018 Guide to ETFs and Derivatives, BlackRock analyzes the relative cost components of index futures, index swaps ...
In the 2018 Guide to ETFs and Derivatives, BlackRock considers how to select an appropriate execution strategy, examines the pricing mechanics of ETFs, the multiple layers of ETF liquidity and the different methods of executing ETF trades.
Download the guide and don’t miss an opportunity to learn how ...
The changing regulatory landscape has drastically impacted the liquidity profile of cash bonds, driving investors to rethink how they manage fixed income risk and liquidity. In the 2018 Guide to ETFs and Derivatives, BlackRock addresses how investors can quickly put cash to work and gain market exposure, hedge portfolios and ...
Reforming global money markets has been a key focus for regulators. To address risks in this area, the European Parliament implemented the EU Money Market Fund reform. Here are State Street's findings from surveyed investors regarding this new regulation.
The EU's money market reform will go into effect on 21 July 2018 for new funds, and on 21 January 2019 for existing funds. Investors will need to study for the new rules, identify fund types that meet their needs, and review their Investment Policy Statement. This report by State Street Global Advisors presents the findings of a recent survey of nearly 100 investors preparing ...
The latest Investment Company Fact Book is out! This 298-page publication by ICI is an important contribution to our understanding of the make-up of the U.S. investment industry. It includes detailed stats on ETFs, closed-end funds, mutual funds, and more.
The GSAM MAPS is designed to help investors better understand and allocate to liquid alternatives, or alternative mutual funds. In this analysis, we narrow down the vast universe of liquid alternatives to the funds that may better provide the differentiated return and risk characteristics of hedge funds. We then categorize those ...
China’s share classes represent the arc of the country’s transformation from a dormant agrarian society to bustling centre of global commerce. Each new share class has marked both an increased openness and often a new phase in China’s economic development. Read FTSE Russell’s latest research to gain deeper insights about the Chinese equity market.
Over two decades, ETFs have become one of the most popular investment vehicle among retail and professional investors due to their low transaction costs and high liquidity, taking market share from traditional investment vehicles such as mutual funds and index futures. Research has shown that in addition to the benefits of enhanced price discovery, ETFs add noise to the market: ...
With £5.7 trillion under management by Investment Association members, and a wider asset base of around £6.9 trillion, the UK continues to thrive as a centre of excellence. It is the largest asset management centre in Europe by a significant margin and second in the world after the United States. This paper provides some important insights into the state and outlook of ...
The authors of this guide provide insights into the state of the global landscape for strategic-beta ETPs. They expect this space to grow faster than the wider ETP market, as well as the asset-management industry as a whole. Growth has been supported by new cash flows, launches and industry players.
