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Industrial metal basket ETP flows benefited the most as trade wars intensify

Publicerad

8 år sedan

den

18 juni, 2018

Redaktionen

ETF Securities Weekly Flows Analysis – Industrial metal basket ETP flows benefited the most as trade wars intensify

Highlight

Industrial metal basket ETP took the lion’s share of inflows surging the most since December 2017
Gold ETPs suffered outflows last week after hawkish comments by the Federal Reserve
Bargain hunters appear to drive inflows into crude oil ETPs ahead of the OPEC meeting on June 22

Industrial metal basket ETPs took the lion’s share of inflows, worth US$52.8mn extending last week’s trend of positive inflows. Caught in the cross fire of geopolitical trade wars, industrial metals as a group declined by 3.77% last week. Industrial metal prices also faced headwinds from weak Chinese economic data. Fixed asset investments grew by only 6.1% while industrial production grew by 6.8% in May according to National Bureau of Statistics (NBS). Bargain hunters appeared to take advantage of the price weakness as industrial metal basket ETP flows surged the most since December 2017.

In retaliation to the US tariffs, China’s Finance Ministry has imposed an additional 25% tariff effective on July 6 on a list of 545 product categories , covering nearly US$34bn in exports from the US. The list includes automobiles and agricultural products that might have an effect on manufacturers. Most metal markets continue to remain in deficit and we expect the current trade tariff’s to continue to generate considerable uncertainty within the supply chain.

Gold ETP outflows surged by US$41.4mn, reversing the prior two week’s trend of inflows after hawkish comments by the Federal Reserve . The stronger US dollar coupled with a more hawkish Federal Reserve, underpinned the weakness in gold prices that were declined 1.81% last week. Geopolitical risks that were previously supporting gold prices faded as the divergent interest rate policy projections at the key central bank meetings last week took centre stage. While the Federal Open Market Committee (FOMC) delivered another quarter point rate hike in the Federal Funds rate, this was largely priced in by markets. However the Fed’s forward guidance on its interest rate trajectory took the markets by surprise.

The Fed’s dot plot moved higher marginally in favour of two additional rate hikes this year, so four in total. Interestingly, it also anticipated a further three rate hikes of 25Bps in 2019 as the US economic outlook remains positive. Gold, that does not yield any interest came under significant pressure from the Fed’s more subdued outlook on inflation. The spread between the US 2 and 10-year yields declined to 38Bps its lowest level since 2007 reflecting the markets conviction in near term growth projections versus the future. In sharp contrast a day later, the European Central Bank (ECB) President Mario Draghi provided a more dovish forward guidance with no change in interest rates until the summer of 2019. The ECB remains far from normalizing policy, this lent further buoyancy to the US dollar as the Euro declined sharply adding further pressure on gold prices.

Crude oil ETPs received US$9mn of inflows last week reversing the trend of outflows witnessed over the last nine consecutive weeks. Oil prices are being dominated by rumours surrounding production cuts to be announced at the OPEC meeting in Vienna next week on June 22. Saudi Arabia is expected to raise production gradually however Venezuela and Iraq are not in favour of raising production according to sources close of OPEC.

European equity ETPs witnessed outflows worth US$9mn for the third week in a row. Dovish signals from the ECB helped European equities recover 1.04% last week. Profit taking appears to have driven outflows from European equity ETPs. The Euro slipped 1.35% versus the US dollar last week, helping European equities recover, as nearly 50% of revenues on European indices are generated internationally.

For more information contact:

ETF Securities Research team
ETF Securities (UK) Limited
T +44 (0)207 448 4330
E research@etfsecurities.com

Important Information

This communication has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by ETF Securities (UK) Limited (“ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (the “FCA”).

Liknande ämnen:ETF Securities ETPs gold ETPs Industrial Metals

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JGBL ETF är en aktivt förvaltad portfölj av aktier i globala företag

Publicerad

21 timmar sedan

den

1 maj, 2026

Redaktionen

Janus Henderson Global Research-Engineered Equity Active Core UCITS ETF USD Acc (JGBL ETF) med ISIN IE000Y3FZEN4, strävar efter att överträffa indexreferensvärdet på lång sikt genom att investera i en aktivt förvaltad portfölj av aktier och/eller depåbevis utfärdade av globala företag.

Den nuvarande tillgångsstorleken är 8 miljoner USD. Den börshandlade fonden är aktivt förvaltad.

Den börshandlade fondens TER (total expense ratio) uppgår till 0,30 % per år. ETFen replikerar det underliggande indexets resultat fysiskt. Utdelningarna i ETFen ackumuleras och återinvesteras.

Denna ETF lanserades den 21 oktober 2025 och har sitt säte på Irland.

Investeringsprocess

Fonden kommer att investera minst 80 % av sina tillgångar i aktier eller depåbevis utfärdade av globala företag på utvecklade marknader. Den kan också investera upp till 15 % av sina tillgångar i aktier och/eller depåbevis från företag på tillväxtmarknader.

Fonden kan investera i företag av alla storlekar inom alla branscher. Den kommer vanligtvis att ha 125–275 innehav (och förväntas inte ha färre än 125 innehav).

Fonden kan också inneha kontanter. Den kan använda derivat i syfte att säkra/riskreducera.

Fonden kan tillfälligt investera utanför dessa riktlinjer vid hantering av teckningar, inlösen, för likviditetshantering eller i defensiva syften, inklusive att navigera i ovanliga marknadsförhållanden.

Investeringsmål

ETFen kombinerar expertinsikter från Janus Hendersons analysteam med benchmarkmedveten portföljkonstruktion. Våra mycket erfarna analytiker utför djupgående fundamental forskning och samarbetar i stor utsträckning inom sina sektorteam för att generera investeringsinsikter. Dessa insikter matas in i en portföljoptimeringsprocess som är utformad för att betona aktieurval och minimera oavsiktlig risk. Processen innefattar även robusta ESG-exkluderingar och en allokering på minst 15 % till hållbara investeringar (SFDR artikel 8). Resultatet är en diversifierad och i stort sett sektorneutral portfölj, med ett mål för spårningsfel på 1,25–1,75 % i förhållande till MSCI World Index.

Handla JGBL ETF

Janus Henderson Global Research-Engineered Equity Active Core UCITS ETF USD Acc (JGBL ETF) är en europeisk börshandlad fond (ETF) som handlas på Xetra.

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

Börsnoteringar

Börs	Valuta	Kortnamn
London Stock Exchange	USD	JGBL
Xetra	EUR	JGBL

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Bitcoin for beginners: 4 things to know before investing

Publicerad

22 timmar sedan

den

1 maj, 2026

Redaktionen

What is Bitcoin and should you invest? In this video, Dan from 21shares breaks down the 4 things every investor needs to know about Bitcoin – including what it is, why people buy it, how it fits in a portfolio, and how to get exposure.

Whether you’re new to Bitcoin or exploring it for the first time as part of your investment strategy, this beginner-friendly guide covers everything in plain English.

0:00 Introduction

0:32 What is Bitcoin?

2:22 Why invest in Bitcoin?

2:45 Bitcoin scarcity: only 21 million

3:41 Bitcoin vs government Control

4:17 Who is buying Bitcoin?

6:00 How does Bitcoin fit in a portfolio?

7:03 How to invest in Bitcoin

7:18 Bitcoin ETF vs self custody

9:30 Risks of investing in Bitcoin

9:49 Bitcoin summary

Learn more at https://21shares.com

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If you have any questions or want to discuss a product in detail, please visit our website at www.21shares.com

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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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ESAQ ETF spårar MSCI USA Index

Publicerad

23 timmar sedan

den

1 maj, 2026

Redaktionen

BNP Paribas Easy MSCI USA UCITS ETF USD Acc (ESAQ ETF) med ISIN IE000CPT8DH7, syftar till att följa MSCI USA-indexet. MSCI USA-indexet följer de ledande aktierna på den amerikanska marknaden.

Den börshandlade fondens totala kostnadskvot (TER) uppgår till 0,04 % per år. ETFen replikerar det underliggande indexets utveckling genom fullständig replikering (genom att köpa alla indexkomponenter). Utdelningarna i ETFen ackumuleras och återinvesteras.

BNP Paribas Easy MSCI USA UCITS ETF USD Acc är en mycket liten ETF med 15 miljoner euro i förvaltningstillgångar. Denna ETF lanserades den 14 januari 2026 och har sitt säte i Irland.

Handla ESAQ ETF

BNP Paribas Easy MSCI USA UCITS ETF USD Acc (ESAQ 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 Nordnet, SAVR, DEGIRO och Avanza.