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Price gains in industrial metals prompt strong outflows

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8 år sedan

den

18 september, 2017

Redaktionen

Price gains in industrial metals prompt strong outflows Precious metals, following a period of high profit taking outflows, saw inflows of US$29m last week

ETF Securities Weekly Flows Analysis – Price gains in industrial metals prompt strong outflows

Precious metals, following a period of high profit taking outflows, saw inflows of US$29m last week.
Industrial metals saw continued outflows of US$118m last week and has now seen outflows of US$272m over the last month.
Agriculture ETPs attracted US$25m of inflows last week and inflows now total US$248m year-to-date.

Precious metals, following a period of high profit taking outflows, saw inflows of US$29m last week. Silver ETPs were the primary beneficiary with inflows of US$ 25m. The current gold/silver ratio of 75 implies that silver remains more attractively valued relative to gold. Furthermore the previously overbought positions in silver implied by the CFTC data has now corrected back to the long-term average. Recent macro data has been mixed, with delivered results broadly missing expectations, expectations for a rate hike this week remain close to zero although expectations for a December rate hike have risen to 50% as they see recent misses as temporary. We continue to believe the US FED will maintain a “dovish tightening” approach, with only one more rate hikes this year, favouring negative real interest rates to support growth.

The expected supply constriction from Hurricane Irma has prompted outflows from crude ETPs of US$15m and inflows of US$19m in to Energy ETPs which have broader exposure to gasoline. Hurricane Katrina prompted a constriction on gasoline supply and a short-lived bounce of gasoline prices due to refiners production outages. Recent improved sentiment for oil prices has likely been due to the IEA forecasts released last week showing an upward revision to it oil demand expectations for 2017 based on the weaker US dollar. Alleged improved compliance to the OPEC production freeze has also increased price.

Industrial metals saw continued outflows of US$118m last week and has now seen outflows of US$272m over the last month. Industrial metals from the beginning of September were up 35% for the year and 22% year-to-date. Since then they have begun to sell off due to what we believe is profit-taking. Given the long lead times in exploration and development of mines, even though capital expenditure may soon start to increase, we expect supplies to remain tight and the market is unlikely to achieve balance in the short term. However, there are threats to the current rally as strong momentum could give way to a pull-back in prices. Historically periods in which trading volumes in China have risen sharply have been followed by a correction. These pull-backs are usually an opportunity to shake out momentum trades and allow the market to focus on fundamentals rather than a sustained downturn.

Agriculture ETPs attracted US$25m of inflows last week and inflows now total US$248m year-to-date, representing the best inflows of all commodity subsectors. Despite news from North Dakota and Russia that wheat harvest yields have been high investors have been buying wheat and other agricultural commodity ETPs on what we believe is a combination of price weakness and news that the probabilities of a La Niña is rising according to NOAA forecasts.

For more information contact

ETF Securities Research team
ETF Securities (UK) Limited
T +44 (0) 207 448 4336
E info@etfsecurities.com

Important Information

General

This communication has been provided by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority.

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Bitcoin just hit $100K again—and this time, it’s more than just a number.

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4 timmar sedan

den

8 maj, 2025

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“Bitcoin hitting $100,000 once again isn’t just a milestone: it’s a loud confirmation that crypto is entering a new era,” says Duncan Moir, President at 21Shares. “Over the past weeks, we’ve witnessed Bitcoin break away from traditional markets and carve out its place as a standalone asset class. This decoupling from equities shows investors are no longer treating Bitcoin as just a speculative play—it’s becoming a strategic allocation and a store of value.”

A new chapter for digital assets is unfolding, and Bitcoin is leading the way.

Research Newsletter

Each week the 21Shares Research team will publish our data-driven insights into the crypto asset world through this newsletter. Please direct any comments, questions, and words of feedback to research@21shares.com

Disclaimer

The information provided does not constitute a prospectus or other offering material and does not contain or constitute an offer to sell or a solicitation of any offer to buy securities in any jurisdiction. Some of the information published herein may contain forward-looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those in the forward-looking statements as a result of various factors. The information contained herein may not be considered as economic, legal, tax or other advice and users are cautioned to base investment decisions or other decisions solely on the content hereof.

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Global X noterar covered call ETF på Euro Stoxx 50

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5 timmar sedan

den

8 maj, 2025

Redaktionen

GLOBAL X EURO STOXX 50 Covered Call UCITS ETF investerar i de 50 största börsnoterade företagen från Europa och säljer samtidigt köpoptioner på dessa aktier. Fonden genererar intäkter från premierna vid försäljning av optionerna. I sin tur är uppåtpotentialen begränsad om aktiekurserna stiger, eftersom optionerna kan utnyttjas.

Franklin US Mega Cap 100 UCITS ETF investerar i de 100 största börsnoterade företagen i USA, såsom Apple, Nvidia eller Microsoft.

Xtrackers MSCI EMU UCITS ETF investerar i aktiemarknaderna i de tio länderna i Europeiska ekonomiska och monetära unionen (EMU). Företag från Frankrike (32,5 %) och Tyskland (29,4 %) är starkast representerade.

Xtrackers MSCI World Screened UCITS ETF investerar i stora och medelstora företag från 23 utvecklade länder världen över, med vissa företag undantagna baserat på ESG-kriterier.

Namn	Produkt- familj	ISIN Ticker	Avgift	Utdelnings- policy
GLOBAL X EURO STOXX 50 Covered Call UCITS ETF – EUR Distributing	Global X	IE000SAXJ1M1 SY7D (EUR)	0,45%	Utdelande
Franklin US Mega Cap 100 UCITS ETF	Franklin Templeton	IE0008M1R3N4 USMC (EUR)	0,09%	Ackumulerande
Xtrackers MSCI EMU UCITS ETF	Xtrackers	LU1920015366 XEMU (EUR)	0,12%	Ackumulerande
Xtrackers MSCI World Screened UCITS ETF	Xtrackers	IE000I9HGDZ3 XWSC (EUR)	0,19%	Ackumulerande
Xtrackers MSCI World Screened UCITS ETF	Xtrackers	IE000I9HGDZ3 XWSU (USD)	0,19%	Ackumulerande

Produktutbudet inom Deutsche Börses ETF- och ETP-segment omfattar för närvarande totalt 2 420 ETFer, 200 ETCer och 257 ETNer. Med detta urval och en genomsnittlig månatlig handelsvolym på cirka 23 miljarder euro är Xetra den ledande handelsplatsen för ETFer och ETPer i Europa.

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ECTD ETF köper europeiska företag som bidrar till klimatomställningen

Publicerad

6 timmar sedan

den

8 maj, 2025

Redaktionen

iShares MSCI Europe Climate Transition Aware UCITS ETF EUR (Dist) (ECTD ETF) med ISIN IE000ZQF1PE1, försöker spåra MSCI Europe Transition Aware Select-index. MSCI Europe Transition Aware Select-index följer europeiska aktier. Indexet är utformat för att representera företag som bidrar till klimatomställningen. Aktierna som ingår filtreras enligt ESG-kriterier (miljö, social och bolagsstyrning). Moderindex är MSCI Europe-index.

Den börshandlade fondens TER (total cost ratio) uppgår till 0,12 % p.a. iShares MSCI Europe Climate Transition Aware UCITS ETF EUR (Dist) är den billigaste ETF som följer MSCI Europe Transition Aware Select-index. ETFen replikerar det underliggande indexets prestanda genom full replikering (köper alla indexbeståndsdelar). Utdelningarna i ETFen delas ut till investerarna (halvårsvis).

iShares MSCI Europe Climate Transition Aware UCITS ETF EUR (Dist) är en mycket liten ETF med tillgångar på 0 miljoner euro under förvaltning. Denna ETF lanserades den 11 juni 2024 och har sin hemvist i Irland.

Ivesteringsmål

Fonden strävar efter att uppnå en total avkastning på din investering, genom en kombination av kapitaltillväxt och inkomst på fondens tillgångar, vilket återspeglar avkastningen från MSCI Europe Transition Aware Select Index, fondens jämförelseindex (”Index”).

Handla ECTD ETF

iShares MSCI Europe Climate Transition Aware UCITS ETF EUR (Dist) (ECTD ETF) är en europeisk börshandlad fond. Denna fond handlas på flera olika börser, till exempel Deutsche Boerse Xetra.

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

Börsnoteringar

Börs	Valuta	Kortnamn
XETRA	EUR	ECTD

Största innehav

Kortnman	Namn	Sektor	Vikt(%)	ISIN	Valuta
NOVO B	NOVO NORDISK CLASS B	Health Care	5.10	DK0062498333	DKK
ASML	ASML HOLDING NV	Informationsteknologi	5.00	NL0010273215	EUR
AZN	ASTRAZENECA PLC	Health Care	3.09	GB0009895292	GBP
NESN	NESTLE SA	Dagligvaror	2.89	CH0038863350	CHF
SAP	SAP	Informationsteknologi	2.68	DE0007164600	EUR
NOVN	NOVARTIS AG	Health Care	2.42	CH0012005267	CHF
MC	LVMH	Sällanköpsvaror	2.24	FR0000121014	EUR
TTE	TOTALENERGIES	Energi	2.02	FR0000120271	EUR
SIE	SIEMENS N AG	Industri	1.85	DE0007236101	EUR
ULVR	UNILEVER PLC	Dagligvaror	1.67	GB00B10RZP78	GBP