LISTED PRODUCT NEWS
DB X-TRACKERS LISTS MORE ETFS IN SPAIN
Deutsche Bank’s exchange-traded funds (ETF) arm db x-trackers yesterday launched its second set of ETFs on the Spanish stock market. Db x-trackers yesterday announced 10 more ETFs listed on the Bolsa de Madrid, which provide exposure to developed and emerging market equities, to two short indices, and also to a private equity index. The launch follows db x-trackers’ debut on the Spanish stock market on 25 November, making it now the second biggest provider in Spain in terms of numbers of products listed.
BARCLAYS UNVEILS ETF-LINKED PRODUCT
Barclays Wealth this week issued its 13th Emerging Markets Optimiser (CMO) structured product which is linked to the iShares MSCI Emerging Market Index fund. This is an ETF providing exposure to 21 emerging markets with heavy weighting towards the BRICs. The EMO smoothes returns by adjusting its exposure to the index fund on a daily basis. This six-year investment offers full repayment of capital at maturity and investors receive 72.5 per cent of the investment return produced from this strategy. The minimum investment is £5,100.
INSURERS LEAD SECTOR NET OUTFLOWS
According to BlackRock data, in the week to 26 November STOXX Europe 600 sector ETFs saw $65.6m of net outflows, trimming the year-to-date net inflows to $476.7m. The sectors which saw the largest ETF net outflows last week were in insurance ($123.7m) and utilities ($31.7m). In contrast, basic resources ETFs experienced net inflows of $109m. Year-to-date, bank sector ETFs have seen the largest net inflows with $222.2m, followed by basic resources with $85.8m. The food and beverage sector has had the largest net outflows of $162.6m.