Which candidates are most likely to make the second round? Jean Pierre Petit: At the moment, the likeliest prospect is a second-round face-off between Marine Le Pen and Emmanuel Macron or François Fillon. Antoine Lesné: We should not forget that the polls had Hilary Clinton winning after every televised debate. That said, in elections by […]
Data from Thomson Reuters Lipper suggest that the week to 22 March saw a significant trend reversal with US mutual equity funds recording net inflows, but ETFs recording net outflows, including $4.3bn from the SPDR S&P 500 alone. Thomson Reuters Lipper also notes net outflows from the Financial Select Sector SPDR of $961m. Overall, mutual equity […]
In the wake of Italy’s referendum that saw encumbent prime minister Matteo Renzi resign after losing the argument for constitutional change, a number of equity and fixed income managers have issued a mix of messages both warning of the outcome for markets, but also that the near term reaction may not portend the longer term […]
State Street Global Advisors (SSGA), the asset management business of State Street Corporation, has announced the appointment of Malcolm Smith to the newly created role, global SPDR chief operating officer. He will be based in London and report to Rory Tobin, co-head of Global SPDR business. Smith, a 30-year industry veteran will be responsible for […]
State Street Global Advisors (SSGA) has appointed Andrea Calandra as senior sales executive for SPDR ETFs in Italy. Calandra joins from UBS Asset Management where he was a director of ETF sales covering Italian wholesale clients. His industry experience spans more than 18 years, including various leadership roles with Intesa Sanpaolo, Credit Agricole AM Alternative […]
Italian asset owners have shown strong interest in SPDR ETFs, as long term investors are looking at exchange traded funds for stable allocations, an executive with State Street Global Advisors (SSGA) told InvestmentEurope. The turnover of SPDR ETFs on the Italian stock exchange registered an increase of approximately 90% in 2015, from €718m in 2014 to […]
State Street Global Advisors (SSGA) has promoted Jim Ross (pictured), currently head of the SPDR ETF business, as chairman for Global SPDR and SSGA Funds Management. At the same time, Nick Good, current chief operating officer of the North American Intermediary Business Group, and Rory Tobin, current head of European Distribution, will now each become co-heads […]
State Street Global Advisors (SSGA) has launched 10 World Sector SPDR ETFs on the Euronext Exchange. The ETFs will be managed in Paris by the same team that has been managing the French domiciled World Sector index funds for the past 15 years. The ETF range listed on Euronext by Ssga includes : SPDR MSCI World Consumer Discretionary UCITS ETF […]
Assets of listed ETF/ETP products globally have once more broken through the $3trn barrier, according to preliminary data for Q1 published by London-based industry researcher ETFGI. The industry previously broke the $3trn barrier in May 2015. The data covers over 12,000 listings from 277 providers across 64 exchanges in 51 countries. Also noted by ETFGI […]
State Street Global Advisors (SSgA) is migrating 13 SPRD branded exchange traded funds to an international structure under Irish law, with the assistance of Euroclear, which is providing an international central securities deposit (ICSD) facility. Shifting the legal structure of the ETFs is intended to cut costs, with the ICSD platform facilitating primary market issuance […]
Alexis Marinof has been appointed head of SPDR ETFs for Europe, Middle East and Africa, based in London.
While investors in gold ETPs continue to rotate out, buyers of physical gold keep buying more, setting the market up for a continued struggle between those willing to buy physical stocks and those less willing to invest in gold backed securities, says precious metals broker Sharps Pixley.