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ETF Assets to Pass $3 trillion Milestone in 2015

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10 år sedan

den

27 januari, 2015

ETF Assets to Pass $3 trillion Milestone in 2015ETF Assets to Pass $3 trillion Milestone in 2015 Deutsche Bank – Synthetic Equity & Index Strategy – Global

ETF Annual Review & Outlook –

Data in this report is as of 31st December 2014

ETF assets up by 17% reaching $2.64 trillion in 2014 driven by record inflows

The global ETF Industry experienced best growth ever pushing AUM to $2.6 trillion by the end of 2014 reaching a new record. The strong 17% growth was mainly attributable to organic sources (i.e. new money inflows) which made up 14.6%, while price appreciation had a much less significant contribution of 2.7% – definitely different from previous years when both components had contributed almost equally to the overall growth.

The global ETF industry received healthy cash flows during 2014 recording cash inflows for +$328bn which represent significant growth compared to the previous two years in which the industry attracted +$263bn (2013) and +$247bn (2012), respectively. During the last three years equities have stood as leaders contributing the major portion of the inflows, but during 2014 fixed income ETFs also showed significant signs of growth and contributed +$89.3bn in inflows (vs. +$24.4bn in 2013).

The US, Europe, Asia-Pac, and RoW regional ETF assets closed the year at $1.92 trillion (+19%), $438.9bn (+11%), $201.4bn (+20%), and $77.8bn (+5.6%), respectively. Global ETP (including ETC/ETVs) assets grew by 16% to $2.7 trillion last year.

We expect global ETF assets to pass $3 trillion in 2015

We project the industry will continue to grow at a fast pace in 2015. In our base case scenario, assuming a neutral market condition, global ETF assets may grow c.20%: broken down into 11.6% or $305bn growth from new cash flows, and 9% from price appreciation. This growth should put the ETF assets well on their way to $3.2 trillion by the end of 2015. We expect the US ETF market to be the major contributor with similar asset growth (19.5%) and inflows in the vicinity of $230bn. In a bull market case, ETF assets may grow over 30% approaching $3.5 trillion. We expect ETPs (including ETFs and other exchange traded products such as ETVs/ETCs) to experience a similar, but slightly lower, growth rate than ETFs and reach about $3.26 trillion in 2015 in our base case scenario, and pass $3.5 trillion in a bull market case.

ETF flows suggest investors preferred less risky assets

US Equity-focused ETPs played a major role in 2014 as investors took positions to benefit from an improving US economy, allocating $234.5bn to such funds. We saw significant flows going into different segments in fixed income space, but caution was the main theme for the year as investors embraced safer products as their main allocation preference. After suffering what can only be described as the worst year for Commodity-focused ETPs during 2013 from a flows perspective, we saw investors’ lack of interest continue during 2014.

Among Equity products, US-focused Equity ETPs received the largest inflows, gathering $161.1bn in fresh cash. Meanwhile, other significant flows worth highlighting during 2014 were DM Broad (+$44.5bn), Japan (+$18.2bn), Germany (-$10.6bn), China (-$3.3bn), India (+$3.2bn) and ETPs benchmarked to Financials (+$17.8bn) and Energy (+$11.4bn). Meanwhile, actively managed products witnessed inflows of $3.6bn. Fixed Income saw strong inflows into Corporates ($30.0bn) and Sovereign ($23.0bn) benchmarked products, with a clear preference toward quality and less interest-rate sensitive products, with Short and Medium Duration products capturing $13.3bn and $16.7bn inflows.

We expect developed markets to capture most of the flow attention during 2015, especially the US underpinned by a better macro backdrop. Japan should see renewed interest as another chapter of “Abenomics” is written; while Europe’s ability to capture flows will depend on their ability to convince markets that the ECB measures are bringing forth the right fruits. In Emerging Markets caution will most likely be the theme for the year with significant differentiation across regions and countries. India and China are most likely to continue to attract most of the new flows in the EM space. If higher volatility expectations materialize, fixed income should experience additional safe-haven driven demand. Commodities should continue to experience weakness once again in the current year.

ETF trading activity up 13% in 2014 reaching $18.7 trillion and will continue to rise

Trading activity picked up in 2014 again with ETF turnover levels registering a rise of 13% over 2013. Overall turnover levels in 2014, 2013 and 2012 were $18.7 trillion, $16.5 trillion and $15.3 trillion, respectively. In 2014, Asian ETFs again recorded the highest increase of 41.6% in trading volumes ($925bn), after a 100% increase in 2013, significantly surpassing European on-exchange volumes ($698bn, up 16%). US ETFs continue to dominate the global ETF trading activity ($16 trillion, up 14.6%). We expect to see ETF trading activity to further increase in 2015 due to wider adoption of ETFs and more product offerings.

ETF markets advance globally with no sign of slowing down

In the US, ETFs beat Mutual Funds in the race for new assets in a year that should have favored mutual funds. Organic growth was the main driver behind ETFs, while Mutual Funds failed to record significant organic growth. US investors continue to use ETFs to control different aspects of their portfolios, behavior that was manifested by strong trends in currency hedged and “smart beta” ETFs. We believe that macro developments and ETF investors’ strategies will continue to support the growth in these two product areas during 2015.

In Europe, ETFs continue to blend with the markets as the products available allow investors to implement strategies around important market developments such as the ECB stimulus package, and Russian headwinds. In addition, some investors are also considering ETFs as an alternative to Futures; while new product development continues gaining traction with “smart beta” ETFs recording remarkable growth in 2014.

In Asia-Pac, we saw more developments and opening up of the Asian equity markets to global investors through growth of Japan ETFs, asset allocation changes by Japanese pension funds, RQFII program, fund passport systems, etc. As a result, Asia-Pacific ETFs experienced the fastest percentage growth in 2014 (20%) comparing with the US and Europe in USD terms while the growth was almost 30% in local currency. We expect this trend will continue in 2015. More specifically, RQFII ETFs will continue to shine in 2015 after assets registered 77% YoY growth in 2014; Japan and JPX-Nikkei 400 ETFs will benefit from increasing equity allocation by Japanese pension funds; Fund passport and mutual recognition programs are in sight; ETFs listed globally with investment focus in Asia-Pacific will continue to grow, especially with Japan, China and India exposure; leverage and short ETFs will continue to be adopted by institutional investors as a good trading tool.

Liknande ämnen:Deutsche Bank

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FLXA ETF investerar enligt katolska principer

Publicerad

12 timmar sedan

den

22 januari, 2025

Redaktionen

Franklin MSCI World Catholic Principles UCITS ETF USD Capitalisation (FLXA ETF), ISIN IE000AZOUN82, försöker spåra MSCI World Select Catholic Principles ESG Universal och Low Carbon-index. MSCI World Select Catholic Principles ESG Universal och Low Carbon Index spårar stora och medelstora värdepapper från utvecklade länder över hela världen. De utvalda företagen screenas enligt deras koldioxidexponering, deras ESG-profil (miljö, social och styrning) och katolska principer. Som ett resultat är företag som är involverade i vapen, hasardspel, vuxenunderhållning, abort, preventivmedel, stamcellsforskning och djurförsök uteslutna.

Den börshandlade fondens TER (total cost ratio) uppgår till 0,27 % p.a. Franklin MSCI World Catholic Principles UCITS ETF USD Capitalization är den enda ETF som följer MSCI World Select Catholic Principles ESG Universal och Low Carbon-index. ETFen replikerar det underliggande indexets prestanda genom fullständig replikering (köper alla indexbeståndsdelar). Utdelningarna i ETFen ackumuleras och återinvesteras.

Franklin MSCI World Catholic Principles UCITS ETF USD Capitalization är en liten ETF med tillgångar på 34 miljoner euro under förvaltning. Denna ETF lanserades den 24 april 2024 och har sin hemvist i Irland.

Handla FLXA ETF

Franklin MSCI World Catholic Principles UCITS ETF USD Capitalisation (FLXA ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra och London Stock Exchange.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel DEGIRO, Nordnet, Aktieinvest, SAVR och Avanza.

Börsnoteringar

Börs	Valuta	Kortnamn
XETRA	EUR	FLXA
Borsa Italiana	USD	FAITH
London Stock Exchange	USD	FIDE

Största innehav

Namn	Sektor	Vikt %	Kortnamn	ISIN	Valuta
NVIDIA CORP	INFORMATION TECHNOLOGY	12,65	NVDA	US67066G1040	USD
ASML HOLDING NV	INFORMATION TECHNOLOGY	2,11	ASML	NL0010273215	EUR
MASTERCARD INC A	FINANCIALS	2,05	MA	US57636Q1040	USD
BROADCOM INC	INFORMATION TECHNOLOGY	2,03	AVGO	US11135F1012	USD
HOME DEPOT INC	CONSUMER DISCRETIONARY	1,8	HD	US4370761029	USD
ADVANCED MICRO DEVICES	INFORMATION TECHNOLOGY	1,43	AMD	US0079031078	USD
LVMH MOET HENNESSY LOUIS VUI	CONSUMER DISCRETIONARY	1,22	MC	FR0000121014	EUR
VISA INC CLASS A SHARES	FINANCIALS	1,2	V	US92826C8394	USD
ADOBE INC	INFORMATION TECHNOLOGY	1,11	ADBE	US00724F1012	USD
APPLIED MATERIALS INC	INFORMATION TECHNOLOGY	0,97	AMAT	US0382221051	USD

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5 crypto trends to watch in 2025

Publicerad

1 dag sedan

den

21 januari, 2025

Redaktionen

2024 was a landmark year for bitcoin, solidifying its role as a fully institutionalised asset class.

Institutional inflows into physical bitcoin exchange-traded products (ETPs) reached nearly $35 billion globally, signalling a major shift in how traditional investors view crypto. As bitcoin continued to enhance portfolios’ risk-return profiles, more institutional investors followed suit, reshaping the financial landscape.

Looking ahead, 2025 promises to bring exciting developments across the crypto ecosystem. Here are the top five crypto trends to watch.

Fear of being left behind

The era of bitcoin as a niche investment is over. Institutional adoption is creating a ripple effect, forcing hesitant players to reconsider. Portfolios with bitcoin allocations are consistently outperforming those without, highlighting its growing importance.

Figure 1: Bitcoin in a multi-asset portfolio

	60/40 Global Portfolio	1% Bitcoin Portfolio	3% Bitcoin Portfolio	5% Bitcoin Portfolio	10% Bitcoin Portfolio	MSCI AC World	Bloomberg Multiverse	Bitcoin
Annualised Return	5.77%	6.46%	7.83%	9.20%	12.57%	9.07%	0.56%	56.24%
Volatility	8.79%	8.86%	9.14%	9.62%	11.42%	13.94%	5.05%	67.28%
Sharpe Ratio	0.48	0.55	0.68	0.79	0.96	0.54	-0.20	0.81
Information Ratio		1.01	1.01	1.01	1.00
Beta	70%	71%	73%	75%	81%	100%	24%	181%

Source: Bloomberg, WisdomTree. From 31 December 2013 to 30 November 2024. In USD. Based on daily returns. The 60/40 Global Portfolio is composed of 60% MSCI All Country World and 40% Bloomberg Multiverse. You cannot invest directly in an index. Historical performance is not an indication of future performance and any investment may go down in value.

With bitcoin’s ability to noticeably improve portfolios’ risk-return profiles, asset managers face a clear choice: integrate bitcoin into multi-asset portfolios or risk falling behind in a rapidly evolving financial landscape. In 2025, expect the competition to heat up as clients demand exposure to this powerhouse cryptocurrency.

Expanding crypto investment options

In 2024, regulatory breakthroughs opened the doors for physical bitcoin and ether ETPs in key developed markets. This marked a critical step towards making cryptocurrencies mainstream, providing seamless access to institutional and retail investors alike.

Figure 2: Global physical crypto ETP assets under management (AUM) and 2024 net flows

Source: Bloomberg, WisdomTree. 02 January 2025. Historical performance is not an indication of future performance and any investment may go down in value.

In 2025, this momentum is expected to accelerate as the crypto regulatory environment becomes more friendly in the United States and as key developed markets follow Europe’s lead and approve ETPs for altcoins such as Solana and XRP. With their clear utility and growing adoption, these altcoins are strong candidates for institutional investment vehicles.

This next wave of altcoin ETPs will expand the diversity of crypto investment opportunities and further integrate cryptocurrencies into the global financial system.

The maturing of Ethereum’s layer-2 ecosystem

Ethereum’s role as the backbone of decentralised finance (DeFi), non-fungible tokens (NFTs), and Web3 is unmatched, but its scalability challenges remain a hurdle. Layer-2 solutions—technologies such as Arbitrum and Optimism—are transforming Ethereum’s scalability and usability by enabling faster, cheaper transactions.

In 2025, Ethereum’s recent upgrades, such as Proto-Danksharding (introduced in the ‘Dencun’ upgrade), will drive layer-2 adoption even further. Innovations like Visa’s layer-2 payment platform leveraging Ethereum for instant cross-border transactions will underscore the platform’s evolution.

Expect Ethereum’s layer-2 ecosystem to power real-world use cases ranging from tokenized assets to decentralised gaming, positioning it as the infrastructure of a truly scalable digital economy.

Stablecoins: bridging finance and blockchain

Stablecoins are becoming indispensable to the global financial system, offering the stability of traditional assets with the efficiency of blockchain. Platforms such as Ethereum dominate the stablecoin landscape, hosting stablecoin giants Tether (USDT) and USD Coin (USDC), which facilitate billions in daily transactions.

Figure 3: Key stablecoin chains

Source: Artemis Terminal, WisdomTree. 05 January 2025. Historical performance is not an indication of future performance and any investment may go down in value.

As we move into 2025, stablecoins will increasingly interact with blockchain ecosystems such as Solana and XRP. Solana’s high-speed, low-cost infrastructure makes it ideal for stablecoin payments and remittances, while XRP Ledger’s focus on cross-border efficiency positions it as a leader in global settlements. With institutional adoption rising and DeFi applications booming, stablecoins will serve as the backbone of a seamless, interconnected financial ecosystem.

Tokenization: redefining ownership and revolutionising finance

Tokenization is set to redefine how we think about ownership and value. By converting tangible assets like real estate, commodities, stocks, and art into digital tokens, tokenization breaks down barriers to entry and creates unprecedented liquidity.

In 2025, tokenization will expand dramatically, empowering investors to own fractions of high-value assets. Platforms such as Paxos Gold and AspenCoin are already showcasing how tokenization can revolutionize markets for gold and luxury real estate. The integration of tokenized assets into DeFi will unlock new financial opportunities, such as using tokenized real estate as collateral for loans. As tokenization matures, it will transform industries ranging from private equity to venture capital, creating a more inclusive and efficient financial system.

For the avoidance of any doubt, tokenization complements crypto by expanding the use cases of blockchain to include real-world applications.

Looking ahead

2025 is set to be a defining year for crypto, as innovation, regulation, and adoption converge. Whether it is bitcoin cementing its position as a portfolio staple, Ethereum scaling for mainstream use, or tokenization unlocking liquidity in untapped markets, the crypto ecosystem is poised for explosive growth. For investors and institutions alike, the opportunities have never been clearer or more compelling.

This material is prepared by WisdomTree and its affiliates and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. The opinions expressed are as of the date of production and may change as subsequent conditions vary. The information and opinions contained in this material are derived from proprietary and non-proprietary sources. As such, no warranty of accuracy or reliability is given and no responsibility arising in any other way for errors and omissions (including responsibility to any person by reason of negligence) is accepted by WisdomTree, nor any affiliate, nor any of their officers, employees or agents. Reliance upon information in this material is at the sole discretion of the reader. Past performance is not a reliable indicator of future performance.

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FGLR ETF gör hållbara investeringar i hela världen

Publicerad

1 dag sedan

den

21 januari, 2025

Redaktionen

Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLR ETF) med ISIN IE00BKSBGV72, är en aktivt förvaltad ETF.

Denna ETF investerar i aktier från utvecklade marknader över hela världen. Värdepapper väljs ut enligt hållbarhet och grundläggande kriterier.

Den börshandlade fondens TER (total cost ratio) uppgår till 0,25 % p.a. Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc är den enda ETF som följer Fidelity Sustainable Research Enhanced Global Equity-index. ETFen replikerar det underliggande indexets prestanda genom fullständig replikering (köper alla indexbeståndsdelar). Utdelningarna i ETFen ackumuleras och återinvesteras.

Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc är en liten ETF med tillgångar på 45 miljoner euro under förvaltning. Denna ETF lanserades den 27 maj 2020 och har sin hemvist i Irland.

Investeringsmål

Fonden strävar efter att uppnå långsiktig kapitaltillväxt från en portfölj som huvudsakligen består av aktier i företag med säte globalt.

Handla FGLR ETF

Fidelity Sustainable Research Enhanced Global Equity UCITS ETF Acc (FGLR ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra och London Stock Exchange.

Det betyder att det går att handla andelar i denna ETF genom de flesta svenska banker och Internetmäklare, till exempel DEGIRO, Nordnet, Aktieinvest, SAVR och Avanza.

Börsnoteringar

Börs	Valuta	Kortnamn
gettex	EUR	FGLR
Borsa Italiana	EUR	FGLR
London Stock Exchange	USD	FGLR
London Stock Exchange	GBP	FGLS
SIX Swiss Exchange	USD	FGLR
SIX Swiss Exchange	CHF	FGLR
XETRA	EUR	FGLR

Största innehav

Värdepapper	Vikt %
Microsoft Corp	5.0%
Apple Inc	4.7%
NVIDIA Corp	4.5%
Amazon.com Inc	2.6%
Meta Platforms Inc Class A	2.4%
Alphabet Inc Class A	2.0%
JPMorgan Chase & Co	1.9%
Visa Inc Class A	1.6%
Alphabet Inc Class C	1.4%
Berkshire Hathaway Inc Class B	1.2%