Nyheter
TAGH ETF investerar i högavkastande företagsobligationer från Asien-Stillahavsområdet
Publicerad
2 år sedanden
Asia ex-Japan High Yield Corporate USD Bond ESG UCITS ETF (TAGH ETF) syftar till att spåra iBoxx MSCI ESG USD Asia ex-Japan High Yield Capped Index (IBXXUXJT Index), minus avgifter och utgifter.
Beskrivning av Tabula Haitong Asia ex-Japan High Yield Corporate USD Bond ESG UCITS ETF GBP Hedged Acc
Tabula Haitong Asia ex-Japan High Yield Corporate USD Bond ESG UCITS ETF GBP Hedged Acc investerar i företagsobligationer med fokus på Asia Pacific. ETF:n innehar hela utbudet av obligationsförfall. De underliggande obligationerna har Sub Investment Grade-betyg. ETF:en har en valutaexponering i USD. Ränteintäkterna (kupongerna) i fonden återinvesteras (ackumuleras).
Den totala kostnadskvoten uppgår till 0,65 % p.a. Fonden replikerar det underliggande indexets utveckling genom att köpa ett urval av de mest relevanta indexbeståndsdelarna (samplingsteknik). TAGH ETF är yngre än 1 år och har sin hemvist i Irland.
Investeringsstrategi
iBoxx® MSCI ESG USD Asia ex-Japan High Yield Capped (GBP Hedged)-index följer ESG (miljö, social och styrning) screenade, USD-denominerade högavkastande företagsobligationer från Asien (exklusive Japan). Alla löptider ingår. Betyg: Sub-Investment Grade. Valutasäkrad till brittiska pund (GBP).
Handla TAGH ETF
Tabula Haitong Asia ex-Japan High Yield Corporate USD Bond ESG UCITS ETF GBP Hedged Acc (TAGH ETF) är en börshandlad fond (ETF) som handlas på London Stock Exchange.
London Stock Exchange är en marknad som få svenska banker och nätmäklare erbjuder access till, men DEGIRO gör det.
Börsnoteringar
Börs | Valuta | Kortnamn |
London Stock Exchange | GBP | TAGH |
Största innehav
ISIN | Värdepapper | Asset Class | Valuta | Vikt (%) |
US62828M2B67 | MUTHOOT FIN 4.4% 9/23 | Corporate Bonds | USD | 0,005527 |
USG61759AA70 | MN MIN R 9.25% 15/04/2024 | Corporate Bonds | USD | 0,005209 |
USG84393AC49 | STAR ENERGY 6.75% 04/33 | Corporate Bonds | USD | 0,012691 |
USG9328DAP53 | VEDANTA PLC 6.125% 08/24 | Corporate Bonds | USD | 0,006538 |
USG9T27HAA24 | VEDANTA RES 9.25% 04/26 | Corporate Bonds | USD | 0,003068 |
USG9T27HAD62 | VED RES 8.95% 11/03/2025 | Corporate Bonds | USD | 0,00836 |
USN5276YAD87 | LISTRINDO CAP 4.95% 09/26 | Corporate Bonds | USD | 0,012313 |
USV04008AA29 | AZURE POWER 5.65% 12/24 | Corporate Bonds | USD | 0,009282 |
USV6703DAA29 | NET I2I L 5.65% VRN PERP | Corporate Bonds | USD | 0,010195 |
USV6703DAC84 | NET I2I 3.975% VRN PERP | Corporate Bonds | USD | 0,009204 |
USV9667MAA00 | VED RE 13.875% 21/01/2024 | Corporate Bonds | USD | 0,006304 |
USY0606WCA63 | BAN 3.733% VRN 25/09/2034 | Corporate Bonds | USD | 0,014791 |
USY2R27RAB56 | DEL INT 6.125% 31/10/2026 | Corporate Bonds | USD | 0,006272 |
USY2R40TAB40 | DEL INT 6.45% 04/06/2029 | Corporate Bonds | USD | 0,004059 |
USY3004WAA00 | GMR HYDERABAD 4.25% 10/27 | Corporate Bonds | USD | 0,002732 |
USY3004WAB82 | GMR HYD 5.375% 10/04/2024 | Corporate Bonds | USD | 0,004537 |
USY3004WAC65 | GMR HYD 4.75% 02/02/2026 | Corporate Bonds | USD | 0,003175 |
USY59501AA78 | MED OAK 7.375% 14/05/2026 | Corporate Bonds | USD | 0,010218 |
USY59505AA82 | MEDCO PLATIN 6.75% 01/25 | Corporate Bonds | USD | 0,01332 |
USY7140VAA80 | SAKA ENI IND 4.45% 05/24 | Corporate Bonds | USD | 0,01035 |
USY7275HAA69 | REN POW 6.67% 12/03/2024 | Corporate Bonds | USD | 0,01107 |
USY7279WAA90 | REN POW 5.875% 05/03/2027 | Corporate Bonds | USD | 0,007162 |
USY7280PAA13 | 10 REN PO 4.5% 14/07/2028 | Corporate Bonds | USD | 0,009162 |
USY7758EEF44 | SHR TRA F 5.1% 16/07/2023 | Corporate Bonds | USD | 0,009471 |
USY7758EEG27 | SHR TRA F 4.4% 13/03/2024 | Corporate Bonds | USD | 0,015463 |
USY9700WAA46 | WOO BAN 4.25% VRN PERP | Corporate Bonds | USD | 0,021239 |
XS1023280271 | WANDA 7.25% 29/01/2024 | Corporate Bonds | USD | 0,005442 |
XS1081321595 | GREENLAND GL 5.875% 07/24 | Corporate Bonds | USD | 0,002169 |
XS1090889947 | ABJA INVEST 5.95% 31/7/24 | Corporate Bonds | USD | 0,01067 |
XS1121908211 | TATA MOTORS 5.75% 10/24 | Corporate Bonds | USD | 0,000811 |
XS1248248343 | LS FIN 20 4.5% 26/06/2025 | Corporate Bonds | USD | 0,003291 |
XS1471856424 | WEALTH DRIVEN 5.5% 08/23 | Corporate Bonds | USD | 0,006885 |
XS1498440079 | GLO PRI C 5.5% 18/10/2023 | Corporate Bonds | USD | 0,005205 |
XS1506085114 | THETA CAPITAL 6.75% 10/26 | Corporate Bonds | USD | 0,004133 |
XS1599758940 | HPCL MITTAL EN 5.25% 4/27 | Corporate Bonds | USD | 0,002949 |
XS1709294380 | FRA BRI 4.875% VRN PERP | Corporate Bonds | USD | 0,004216 |
XS1716631301 | KWG PROPERTY 5.875% 11/24 | Corporate Bonds | USD | 0,001365 |
XS1740858540 | PETRON CORP 4.6% VRN PERP | Corporate Bonds | USD | 0,003825 |
XS1854172043 | ADA GRE 6.25% 10/12/2024 | Corporate Bonds | USD | 0,009101 |
XS1854920870 | SK INNOV 4.125% 07/23 | Corporate Bonds | USD | 0,018704 |
XS1892343762 | CMB WIN LU 6.5% VRN PERP | Corporate Bonds | USD | 0,014643 |
XS1897158546 | CHI CIT BA 7.1% VRN PERP | Corporate Bonds | USD | 0,0072 |
XS1954740285 | KWG GRP HLD 7.875% 9/23 | Corporate Bonds | USD | 0,002541 |
XS1956169657 | EAS TAC 8.625% 27/02/2024 | Corporate Bonds | USD | 0,000931 |
XS1965523084 | CAN BAN 3.875% 28/03/2024 | Corporate Bonds | USD | 0,006877 |
XS1969792800 | CIFI HOLD 6.55% 03/24 | Corporate Bonds | USD | 0,005308 |
XS1974405893 | CHI SCE 7.375% 09/04/2024 | Corporate Bonds | USD | 0,001501 |
XS1981202861 | JSW STEEL 5.95% 04/24 | Corporate Bonds | USD | 0,008565 |
XS2003471617 | AGILE GRP 8.375% VRN PERP | Corporate Bonds | USD | 0,001288 |
XS2019083612 | FOR STA 6.75% 02/07/2023 | Corporate Bonds | USD | 0,003309 |
XS2020061326 | CHO HIN BA 5.7% VRN PERP | Corporate Bonds | USD | 0,006049 |
XS2025848297 | EASY TACTIC 8.125% 7/24 | Corporate Bonds | USD | 0,001361 |
XS2026295639 | LS FIN 4.875% 15/07/2024 | Corporate Bonds | USD | 0,003954 |
XS2027337786 | LOG PRO H 6.5% 16/07/2023 | Corporate Bonds | USD | 0,002872 |
XS2027426027 | TIMES CHINA 6.75% 07/23 | Corporate Bonds | USD | 0,002248 |
XS2030531938 | YANLORD LAND 6.8% 02/24 | Corporate Bonds | USD | 0,010715 |
XS2034561584 | KWG GRO H 7.4% 05/03/2024 | Corporate Bonds | USD | 0,001126 |
XS2049728004 | JSW STE 5.375% 04/04/2025 | Corporate Bonds | USD | 0,003399 |
XS2049804896 | BAN OF E 5.875% VRN PERP | Corporate Bonds | USD | 0,01556 |
XS2050614796 | GLO PRI 5.95% 23/01/2025 | Corporate Bonds | USD | 0,007633 |
XS2050914832 | LOG PRO H 6.9% 09/06/2024 | Corporate Bonds | USD | 0,00163 |
XS2052949968 | HPC ENE 5.45% 22/10/2026 | Corporate Bonds | USD | 0,0024 |
XS2055399054 | GRE GLB 6.75% 26/09/2023 | Corporate Bonds | USD | 0,002306 |
XS2056558088 | KAS 3.343% VRN 02/10/2031 | Corporate Bonds | USD | 0,01635 |
XS2057076387 | RKP OVE 2 6.7% 30/09/2024 | Corporate Bonds | USD | 0,004801 |
XS2071413483 | AGI GRO 7.875% VRN PERP | Corporate Bonds | USD | 0,000979 |
XS2075784103 | CIF HOL 6.45% 07/11/2024 | Corporate Bonds | USD | 0,003479 |
XS2075800743 | SHU ON D 5.75% 12/11/2023 | Corporate Bonds | USD | 0,007751 |
XS2079034265 | SUN HUN 5.75% 15/11/2024 | Corporate Bonds | USD | 0,003878 |
XS2079096884 | RKP OVE 7.75% VRN PERP | Corporate Bonds | USD | 0,003705 |
XS2079668609 | TAT MOT 5.875% 20/05/2025 | Corporate Bonds | USD | 0,003994 |
XS2085545494 | BAN OF C 3.725% VRN PERP | Corporate Bonds | USD | 0,007366 |
XS2099272846 | CIF HOL GRO 6% 16/07/2025 | Corporate Bonds | USD | 0,006677 |
XS2099273737 | THE CAP 8.125% 22/01/2025 | Corporate Bonds | USD | 0,004091 |
XS2099677747 | LOG PRO 5.75% 14/01/2025 | Corporate Bonds | USD | 0,001638 |
XS2100654586 | KWG GRO H 7.4% 13/01/2027 | Corporate Bonds | USD | 0,00069 |
XS2100658066 | WAN PRO 6.875% 23/07/2023 | Corporate Bonds | USD | 0,003608 |
XS2102867483 | NEW MET G 6.8% 05/08/2023 | Corporate Bonds | USD | 0,005695 |
XS2108075784 | GRE GLB 6.75% 03/03/2024 | Corporate Bonds | USD | 0,000853 |
XS2113708155 | SHU ON DE 5.5% 03/03/2025 | Corporate Bonds | USD | 0,009698 |
XS2125172085 | EAS TAC 8.625% 05/03/2024 | Corporate Bonds | USD | 0,000622 |
XS2127855711 | RKP OVE 2 5.9% 05/03/2025 | Corporate Bonds | USD | 0,005843 |
XS2132420758 | FOR STA 6.85% 02/07/2024 | Corporate Bonds | USD | 0,003946 |
XS2189303873 | RON CHI 7.35% 15/12/2023 | Corporate Bonds | USD | 0,001359 |
XS2189387520 | CEN CHN 7.65% 27/08/2023 | Corporate Bonds | USD | 0,003204 |
XS2193529562 | GRE CHI 5.65% 13/07/2025 | Corporate Bonds | USD | 0,003122 |
XS2194361494 | AGI GRO 5.75% 02/01/2025 | Corporate Bonds | USD | 0,002688 |
XS2198851482 | TIMES CHINA 6.75% 07/25 | Corporate Bonds | USD | 0,002212 |
XS2205316941 | CIF HOL 5.95% 20/10/2025 | Corporate Bonds | USD | 0,003656 |
XS2206313541 | LOG GRO 5.25% 19/10/2025 | Corporate Bonds | USD | 0,001519 |
XS2207192605 | GRE GLB 7.25% 22/01/2025 | Corporate Bonds | USD | 0,000841 |
XS2209966386 | CHO HIN BA 5.5% VRN PERP | Corporate Bonds | USD | 0,003846 |
XS2215175634 | SEA GRO LTD 6% 12/08/2024 | Corporate Bonds | USD | 0,0039 |
XS2215180550 | CEN CHN 7.25% 13/08/2024 | Corporate Bonds | USD | 0,000586 |
XS2219615957 | SHU ON D 6.15% 24/08/2024 | Corporate Bonds | USD | 0,007905 |
XS2222027364 | BAN OF E 5.825% VRN PERP | Corporate Bonds | USD | 0,014495 |
XS2223762209 | RKP OVE 201 6% 04/09/2025 | Corporate Bonds | USD | 0,003808 |
XS2224065289 | PER HOL 5.95% 19/04/2026 | Corporate Bonds | USD | 0,009705 |
XS2227351900 | CHI SCE GRP 7% 02/05/2025 | Corporate Bonds | USD | 0,002204 |
XS2229473678 | IND COM 3.58% VRN PERP | Corporate Bonds | USD | 0,013975 |
XS2234266976 | TIM CHI H 6.2% 22/03/2026 | Corporate Bonds | USD | 0,002118 |
XS2238561281 | BK OF COM 3.80% VRN PERP | Corporate Bonds | USD | 0,031001 |
XS2238561794 | FOR STA 5.95% 19/10/2025 | Corporate Bonds | USD | 0,00869 |
XS2243343204 | AGI GRO 6.05% 13/10/2025 | Corporate Bonds | USD | 0,001221 |
XS2247552446 | GREENTOWN 4.7% 04/25 | Corporate Bonds | USD | 0,003858 |
XS2251822727 | CIF HOL 5.25% 13/05/2026 | Corporate Bonds | USD | 0,001611 |
XS2257830716 | KWG GRO H 6.3% 13/02/2026 | Corporate Bonds | USD | 0,001272 |
XS2262030369 | CEN CHN 7.75% 24/05/2024 | Corporate Bonds | USD | 0,00154 |
XS2265528120 | TML HOL P 5.5% 03/06/2024 | Corporate Bonds | USD | 0,001941 |
XS2268392599 | NWD FIN BVI LT 4.8% PERP | Corporate Bonds | USD | 0,008481 |
XS2270462794 | NEW MET G 4.8% 15/12/2024 | Corporate Bonds | USD | 0,004967 |
XS2272214458 | LOGAN GROU 4.85% 12/26 | Corporate Bonds | USD | 0,001811 |
XS2277590209 | CAS CAP NO1 4% VRN PERP | Corporate Bonds | USD | 0,012388 |
XS2280431763 | CIF HOL 4.375% 12/04/2027 | Corporate Bonds | USD | 0,003606 |
XS2281036249 | SEA GRO 4.45% 13/07/2025 | Corporate Bonds | USD | 0,00431 |
XS2281039771 | RKP OVE 2 5.2% 12/01/2026 | Corporate Bonds | USD | 0,003872 |
XS2281303896 | LOG GRO C 4.5% 13/01/2028 | Corporate Bonds | USD | 0,001953 |
XS2281321799 | FOR STA 5.05% 27/01/2027 | Corporate Bonds | USD | 0,001989 |
XS2282068142 | TIM CHI 5.75% 14/01/2027 | Corporate Bonds | USD | 0,002081 |
XS2282587414 | CEN CHN R 7.5% 14/07/2025 | Corporate Bonds | USD | 0,001065 |
XS2286966093 | CHI SCE GRP 6% 04/02/2026 | Corporate Bonds | USD | 0,001244 |
XS2290308845 | RON CHI 7.1% 25/01/2025 | Corporate Bonds | USD | 0,001004 |
XS2290806285 | NEW MET G 4.5% 02/05/2026 | Corporate Bonds | USD | 0,005234 |
XS2292974065 | FRA BRI LTD 6% VRN PERP | Corporate Bonds | USD | 0,003896 |
XS2293918285 | EAS TAC 11.75% 02/08/2023 | Corporate Bonds | USD | 0,00166 |
XS2307743075 | EAS TA 11.625% 03/09/2024 | Corporate Bonds | USD | 0,000732 |
XS2309743578 | LOG GRO 4.25% 12/07/2025 | Corporate Bonds | USD | 0,001536 |
XS2314514477 | BAN NEG 3.75% 30/03/2026 | Corporate Bonds | USD | 0,017283 |
XS2316077572 | CHI SCE 5.95% 29/09/2024 | Corporate Bonds | USD | 0,001249 |
XS2317279573 | YAN LAN 5.125% 20/05/2026 | Corporate Bonds | USD | 0,011047 |
XS2327392234 | PT PAK 4.875% 29/04/2028 | Corporate Bonds | USD | 0,004156 |
XS2330597738 | PET COR 5.95% VRN PERP | Corporate Bonds | USD | 0,006234 |
XS2340147813 | GLP PTE LT 4.5% VRN PERP | Corporate Bonds | USD | 0,008474 |
XS2342908949 | CIF HOL 4.45% 17/08/2026 | Corporate Bonds | USD | 0,003455 |
XS2343325622 | KWG GRO HOL 6% 14/08/2026 | Corporate Bonds | USD | 0,001203 |
XS2343337122 | FOR STA BVI 5% 18/05/2026 | Corporate Bonds | USD | 0,001388 |
XS2343627712 | AGI GRO H 5.5% 17/05/2026 | Corporate Bonds | USD | 0,001832 |
XS2076167456 | CEN PLA D 5.75% VRN PERP | Corporate Bonds | USD | 0,004065 |
XS2348280962 | TIM CHI 5.55% 04/06/2024 | Corporate Bonds | USD | 0,00191 |
XS2351326991 | PCP CAP 5.125% 18/06/2026 | Corporate Bonds | USD | 0,013753 |
XS2352436526 | LS FIN 20 4.8% 18/06/2026 | Corporate Bonds | USD | 0,001717 |
XS2357239057 | GLP PTE LT 4.6% VRN PERP | Corporate Bonds | USD | 0,008923 |
XS2328392951 | CHINA OIL GAS 4.7% 06/26 | Corporate Bonds | USD | 0,009697 |
XS2358225477 | SHU ON DE 5.5% 29/06/2026 | Corporate Bonds | USD | 0,003752 |
XS2348238259 | CHI HON 6.25% 08/06/2024 | Corporate Bonds | USD | 0,004092 |
XS2350621517 | TML HOL 4.35% 09/06/2026 | Corporate Bonds | USD | 0,005539 |
USY44680RV38 | JSW STE 3.95% 05/04/2027 | Corporate Bonds | USD | 0,004108 |
USY44680RW11 | JSW STE 5.05% 05/04/2032 | Corporate Bonds | USD | 0,004275 |
XS2214229887 | KWG GROUP 5.95% 10/08/25 | Corporate Bonds | USD | 0,000464 |
XS2383328932 | ADANI GRN 4.375% 09/24 | Corporate Bonds | USD | 0,013026 |
XS2383421711 | IND COM B 3.2% VRN PERP | Corporate Bonds | USD | 0,016711 |
XS2385923722 | BANK NEGARA 4.3% VRN PERP | Corporate Bonds | USD | 0,009414 |
USY75638AF67 | SEA COR 5.5% 01/08/2029 | Corporate Bonds | USD | 0,006125 |
XS2368038050 | LAI SUN MTN 5% 28/07/2026 | Corporate Bonds | USD | 0,00533 |
USG3065HAB71 | ENN CLE 3.375% 12/05/2026 | Corporate Bonds | USD | 0,008906 |
USV0002UAA52 | AZU POW 3.575% 19/08/2026 | Corporate Bonds | USD | 0,006181 |
XS2030333384 | POW REA 6.95% 23/07/2023 | Corporate Bonds | USD | 0,001063 |
XS2213954766 | POW REA 6.25% 10/08/2024 | Corporate Bonds | USD | 0,001502 |
XS2250030090 | POW REA 5.95% 30/04/2025 | Corporate Bonds | USD | 0,000997 |
XS2346524783 | WES CHI 4.95% 08/07/2026 | Corporate Bonds | USD | 0,005841 |
XS2353272284 | NEW MET 4.625% 15/10/2025 | Corporate Bonds | USD | 0,001487 |
XS2356173406 | RKP OVE 5.125% 26/07/2026 | Corporate Bonds | USD | 0,002815 |
XS2357443410 | GEM EVE 4.95% 12/08/2024 | Corporate Bonds | USD | 0,004837 |
XS2361426559 | AGI GRP 5.5% 21/04/2025 | Corporate Bonds | USD | 0,000963 |
XS2368569252 | CHINA CITI 3.25% VRN PERP | Corporate Bonds | USD | 0,008452 |
XS2342970402 | LOG GRO C 4.7% 06/07/2026 | Corporate Bonds | USD | 0,002406 |
XS2244315110 | RED SUN P 7.3% 13/01/2025 | Corporate Bonds | USD | 0,000433 |
XS2350477308 | GCL NEW EN 10% 30/01/2024 | Corporate Bonds | USD | 0,006462 |
USY56607AA51 | MED BEL 6.375% 30/01/2027 | Corporate Bonds | USD | 0,003185 |
USY59500AA95 | MED LAU 6.95% 12/11/2028 | Corporate Bonds | USD | 0,003072 |
XS2397254579 | CHI CIN AS 4.4% VRN PERP | Corporate Bonds | USD | 0,015909 |
XS1953029284 | SHI GRO 6.125% 21/02/2024 | Corporate Bonds | USD | 0,001517 |
XS1759179002 | SHI GRO H 5.2% 30/01/2025 | Corporate Bonds | USD | 0,000631 |
XS2025575114 | SHI GRO H 5.6% 15/07/2026 | USD | 0 | |
XS2198427085 | SHI GRO H 4.6% 13/07/2030 | USD | 0 | |
XS2385392779 | SHI GRO 3.975% 16/09/2023 | Corporate Bonds | USD | 0,000558 |
XS2385392936 | SHI GRO H 5.2% 16/01/2027 | Corporate Bonds | USD | 0,001046 |
USY7758EEH00 | SHR TRA 4.15% 18/07/2025 | Corporate Bonds | USD | 0,005759 |
XS2467774209 | NAN COM BA 6.5% VRN PERP | Corporate Bonds | USD | 0,007168 |
XS2461766805 | CHI CIT BA 4.8% VRN PERP | Corporate Bonds | USD | 0,008013 |
Innehav kan komma att förändras
Du kanske gillar
-
HFEX ETF investerar i hela Asien men inte i Japan
-
FUIE ETF, eurohedgade företagsobligationer som följer Parisavtalet
-
FUIP ETF, valutasäkrade företagsobligationer som följer Parisavtalet
-
FEIP ETF köper eurodenominerade företagsobligationer som följer Parisavtalet
-
BATJ ETF erbjuder en bred och diversifierad exponering mot råvarumarknaden
-
DPYG ETF fastighetsinvesteringar från den utvecklade världen valutasäkrade till pund
I en nyligen genomförd Coindesk-intervju lyfte Blackrock fram institutionaliseringen av tillgångsklassen eftersom de förväntar sig en ny våg av investerare, särskilt från stats- och pensionsfonder, som är redo att öka efterfrågan under de kommande månaderna. Som nämnts regelbundet för våra läsare, är denna dynamik precis vad vi förväntar oss och vi ser denna institutionalisering som en viktig drivkraft för kryptotillgångar som kryptoindex ETPer.
Utveckling (USD) i slutet av april 2024
Beta Index ETP – Nasdaq Crypto Index Europe ETP (HASH eller HDX1): April -16%, YTD +35% och 12m +87%.
Smart-Beta Index ETP – Crypto Momentum Factor Index ETP (HAMO eller HDXM): April -23%, YTD -3% och 12m +60%.
Marknadsuppdatering
Efter 7 månader av uppgångar i rad såg kryptomarknaden sin första nedgång sedan augusti 2023, med Nasdaq Crypto Index Europe (”NCIE”) som sjönk med 16% i april, men bibehöll en ökning med 35% för året. Trots globala geopolitiska utmaningar är utsikterna för kryptotillgångar fortsatt positiva, främst drivna av ett fortsatt institutionellt intresse.
April markerade den mycket efterlängtade bitcoin-halveringen, som såg att gruvbelöningarna halverades, vilket underströk dess utbud och efterfrågan. Historiska trender tyder på en effekt efter halvering, nu förstärkt av framsteg i amerikanska ETF-flöden. Vårt forskarteam har fördjupat sig djupare i detta fenomen i vår rapport: Hashdex Research – Bitcoin’s Halving: An investor’s guide.
NCIE i förhållande till andra tillgångsslag
Källa: Hashdex, per den 30/04/24.
I det globala sammanhanget stötte index över olika tillgångsklasser på en utmanande månad. Oro för potentiellt förlängda höga räntor i USA ledde till marknadsturbulens, vilket resulterade i negativa utfall över nästan alla index. Av särskild betydelse var S&P 500, som noterade en nedgång på över 4 % för månaden.
April månad
- Nasdaq Crypto Index Europé
Källa: Hashdex, per den 30/04/24.
Indexet påverkades övervägande av Bitcoin och Ethereum, och upplevde nedgångar på -13,4% respektive -18,6%. Samtidigt såg alla andra komponenter i NCIE fall över 24%. Uniswap, i synnerhet, drabbades av betydande turbulens efter ett meddelande från SEC:s Enforcement Division till Uniswap Labs, vilket resulterade i en brant minskning med 42 %.
- Crypto Momentum Factor Index:
Källa: Hashdex, per den 30/04/24.
In i maj, med sin månatliga ombalansering, lade Momentum Index till en ny tillgång: NEAR Protocol, en decentraliserad utvecklingsplattform som använder en Proof-of-Stake (PoS) konsensusmekanism, kommer att introducera en sönderdelad arkitektur för förbättrad transaktionskapacitet. Hittills har priset stigit med 68 % i år.
3 månaders daglig avkastning korrelation Nasdaq Crypto Index Europe vs S&P 500
Källa: Hashdex, per den 30/04/24.
Hashdex Nasdaq Crypto Index Europe ETP – dokumentation
ISIN: CH1184151731 / Tickers: HASH (SIX och Euronext) eller HDX1 (Xetra) – handlas i USD, EUR, CHF och GBP
Hashdex Crypto Momentum Factor ETP – dokumentation
ISIN: CH1218734544 / Tickers: HAMO (SIX och Euronext) eller HDXM (Xetra) – handlas i USD, EUR, CHF och GBP
Nyheter
XD5E ETF en utdelande fond som köper aktier från Eurozonen
Publicerad
18 timmar sedanden
9 maj, 2024Xtrackers MSCI EMU UCITS ETF 1D (XD5E ETF) investerar i aktier med fokus på Europa. Utdelningarna i fonden delas ut till investerarna (Årligen). MSCI EMU möjliggör en bred investering med låga avgifter på ca. 230 aktier.
Den totala kostnadskvoten uppgår till 0,12 % p.a. Fonden replikerar det underliggande indexets utveckling genom att köpa alla indexbeståndsdelar (full replikering). Xtrackers MSCI EMU UCITS ETF 1D är en mycket stor ETF med tillgångar på 1 276 miljoner euro under förvaltning. XD5E ETF är äldre än 5 år och har sin hemvist i Luxemburg.
Investeringsstrategi
MSCI EMU-index följer stora och medelstora aktier från länder i Europeiska ekonomiska och monetära unionen.
Indexbeskrivning
MSCI EMU-index syftar till att spegla resultatet på följande marknad:
Stora och medelstora företag från utvecklade EMU-marknader
Täcker cirka 85 % av det fria marknadsvärdet
Viktad med fritt flytande justerat börsvärde
Granskas kvartalsvis
Handla XD5E ETF
Xtrackers MSCI EMU UCITS ETF 1D (XD5E ETF) är en europeisk börshandlad fond. Denna fond handlas på 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 och Avanza.
Börsnoteringar
Börs | Valuta | Kortnamn |
gettex | EUR | XD5E |
Stuttgart Stock Exchange | EUR | XD5E |
Borsa Italiana | EUR | XD5E |
London Stock Exchange | GBX | XD5E |
SIX Swiss Exchange | CHF | XD5E |
XETRA | EUR | XD5E |
Största innehav
ISIN | Namn | Vikt % | Land | Sektor |
NL0010273215 | ASML HOLDING ORD | 5.21% | Netherlands | Information Technology |
FR0000121014 | LVMH MOET HENNESSY LOUIS VUITT | 4.33% | France | Consumer Discretionary |
FR0000120271 | TOTALENERGIES SE ORD | 2.80% | France | Energy |
FR0000120578 | SANOFI SA ORD | 2.64% | France | Health Care |
DE0007164600 | SAP SE ORD | 2.21% | Germany | Information Technology |
FR0000120321 | L OREAL S.A. | 2.01% | France | Consumer Staples |
DE0007236101 | SIEMENS ORD | 1.91% | Germany | Industrials |
FR0000121972 | SCHNEIDER ELECTRIC SE | 1.71% | France | Industrials |
DE0008404005 | ALLIANZ SE ORD | 1.67% | Germany | Financials |
FR0000120073 | AIR LIQUIDE ORD | 1.64% | France | Materials |
NL0000235190 | AIRBUS SE | 1.43% | Netherlands | Industrials |
ES0144580Y14 | IBERDROLA SA | 1.41% | Spain | Utilities |
DE0005557508 | DEUTSCHE TELEKOM AG ORD | 1.40% | Germany | Communication Services |
DE000BAY0017 | BAYER AG | 1.32% | Germany | Health Care |
NL0013654783 | PROSUS NV ORD | 1.29% | Netherlands | Consumer Discretionary |
Innehav kan komma att förändras
Nyheter
Bitcoin’s Volatility and Stablecoin’s Market Viability: What Happened in Crypto This Week?
Publicerad
2 dagar sedanden
8 maj, 2024• Bullish, Bearish, or Both? Macro Mayhem Leads to Bitcoin Volatility
• Bitcoin’s Institutional Embrace is Accelerating
• Beyond Borders and Banks: Stablecoins Proving their Market Viability
Macro Mayhem Leads to Bitcoin Volatility
Last week, Bitcoin navigated a wave of conflicting U.S. macroeconomic events. The FOMC press conference last Wednesday confirmed the Fed will sustain high interest rates at 5.25-5.5% as the challenge of achieving the inflation target persists. As shown in Figure 1, this initially triggered Bitcoin’s price to drop by 5.9% as investors sought the safety of fixed-income assets. Friday’s U.S. Jobs report reversed the negative sentiment from the FOMC meeting. The report revealed a disappointing labor market, with only 175,000 non-farm jobs added, as unemployment rose to 3.9%. This data fueled hopes for rate cuts, which bodes well for risk-on assets, which led to Bitcoin rebounding by 6.7% to ~$63,000 by week’s end.
Figure 1: Bitcoin 1 Week Price Performance (April 29, 2024 – May 6, 2024)
Source: TradingView
Looking ahead, several developments could provide tailwinds for Bitcoin. The upcoming Treasury buyback program, the first since 2002, is launching on May 29 and has several implications for the broader financial landscape. By conducting weekly bond buybacks of up to $2 billion, outstanding debt is reduced while liquidity is increased, which could allow capital to flow into riskier assets. The reduced bond supply also puts downward pressure on yields, potentially making Bitcoin more attractive.
The recent Treasury refinancing announcement also looks promising for Bitcoin. A lower target balance for the Treasury General Account (TGA) suggests the government needs to borrow less, which frees up capital. The impact could be compared to quantitative easing, instead of withdrawing liquidity from the market by selling new bonds, the Treasury effectively injects liquidity by not needing to borrow as much. This additional liquidity eventually reaches the banking system, potentially leading to easier access to credit and lower interest rates. As we have voiced throughout, this environment would benefit riskier assets like Bitcoin.
Despite the initial price drop triggered by the Fed’s hawkish stance on interest rates, Bitcoin’s resilience was evident in its subsequent rebound driven by a weakening labor market and the potential prospect of a dovish shift. As illustrated below, Bitcoin’s funding rate is now similar to when it was trading at around $29,000, which signals a healthy market adjustment, shedding excess leverage. Looking ahead, the upcoming Treasury actions will undoubtedly affect U.S. liquidity and interest rate levels, which are key to Bitcoin’s performance and will be closely monitored in the coming weeks.
Figure 2: Bitcoin’s Funding Rate
Source: Glassnode
Bitcoin’s Institutional Embrace is Accelerating
Fueled by the U.S. Bitcoin ETF launch, the institutional adoption of Bitcoin is accelerating. A staggering $175 billion is estimated to be held by ETFs, countries, and public and private companies, representing roughly 15% of the total Bitcoin supply. While miniscule compared to the U.S. launch, Hong Kong’s Bitcoin ETFs further exemplify this trend, accumulating 4.2K BTC, or nearly $270 million, within their first week of trading. This showcases the growing appetite for the asset, however the hunger for Bitcoin is not limited to Hong Kong. Ovata Capital Management’s $60 million allocation into the U.S. spot ETFs underscores this trend, which is set to continue as the May 15 deadline for 13F filings approaches, which may reveal previously undisclosed positions held by institutions.
Recent disclosures by BNY Mellon and BNP Paribas, along with Swiss funds Bellecapital International and Lugano Financial Advisors, provide further evidence of Bitcoin’s institutionalization. Moreover, according to BlackRock, the world’s largest sovereign wealth funds (SWFs), including Norway’s $1.6 trillion fund, Saudi Arabia’s Public Investment Fund, and Kuwait’s Investment Authority, are re-initiating discussions around Bitcoin. The SWF industry is valued at $11.6 trillion, therefore even a moderate allocation into the asset could see demand catapult to new levels, and provide a tipping point for broader adoption. Importantly, it is becoming more difficult to discount the asset – Bitcoin’s unique profile as both a risk-on and risk-off asset is becoming increasingly relevant given the complex macroeconomic landscape.
Further, Bitcoin’s adoption is transcending passive investment strategies. For instance, fintech giant Nubank, housing 80 million users, now offers crypto deposits and withdrawals, aiming to bridge the gap between traditional finance and crypto in Latin America. Lastly, Microstrategy, synonymous with their commitment to Bitcoin, are pushing the boundaries further by building an identity solution on the Ordinals network. This exemplifies the use of Bitcoin beyond a decentralized payment system, a notion we have echoed in the past weeks as Bitcoin continues to evolve beyond its original purpose.
Finally, the coming weeks promise further clues on the US economic trajectory and Bitcoin institutional adoption. There are eight Fed speaker events this week, and while they don’t directly address crypto, they often offer valuable insights into the current economic conditions. This, coupled with the turbulence expected during Q1 earnings season, could create volatility in equity markets, which may spill over to crypto as investors react accordingly.
Beyond Borders and Banks: Stablecoins Proving their Market Viability
After a six-year hiatus, Stripe is re-entering the crypto industry by enabling customers to accept stablecoins for online payments. Stripe was among the pioneers in integrating Bitcoin back in 2014. However, they ceased support in 2018 due to Bitcoin’s prolonged processing times and high transaction costs, which didn’t present a significant improvement over its traditional counterpart. Since then, the industry has undergone a major transformation, with the emergence of numerous smart-contract platforms and scaling efforts, enhancing the potential of crypto’s infrastructure to offer a superior user experience.
For instance, Stripe’s co-founder showcased a $100 USDC payment using Solana at the company’s annual conference. The demo corroborated how the payment was processed in less than a second instead of days while incurring $0.0037 in network fees, a cost reduction of almost 800-fold compared to a credit card. This is a testament to the advancements achieved by the latest generation of platforms, such as Solana, which addressed some of the drawbacks, like high transaction costs and lengthy processing times, while demonstrating their efficacy for use cases requiring a high volume of interactions, such as payments.
To that end, Stripe will begin supporting USDC payments through Ethereum, Solana, and Polygon. This integration marks a significant milestone, given Stripe’s substantial 35% market share in the payments industry. However, it’s even more crucial as users can seamlessly leverage the efficiencies of crypto’s infrastructure, ensuring reduced transaction costs and notably swifter processing times while remaining unaware of the use of blockchain technology in the backend. This mirrors how users are often unaware of the payment infrastructure their preferred fintech apps utilize. At 21Shares, we firmly believe that this kind of seamless integration is imperative for the widespread adoption of crypto.
That said, while Tether leads by market capitalization with $110 billion compared to USDC’s $33 billion, USDC actually dominates in terms of usage when looking at transaction volume. According to Visa’s latest on-chain analytical dashboard aiming to dissect the growth of the stablecoin sector, USDC is now responsible for more than 70% of all stablecoin payments, as illustrated below. As we’ve emphasized for years, exemplified by our own work on Dune, on-chain analytics represents the future of capital markets. It offers unparalleled transparency and real-time data access, unlike traditional industries reliant on periodic disclosures of quarterly financials. Therefore, Visa’s active engagement in on-chain analytics marks a watershed moment, reaffirming our long-held belief that this is the path forward.
Figure 3: Stablecoins Monthly Transaction Volume
Source: Alluvium X Visa
Despite USDC’s widespread adoption, Tether has achieved remarkable financial success in Q1. The company raked in a staggering $4.52B in profits by strategically deploying user deposits into U.S. treasury and repurchase agreements. The exposure to debt, coupled with rising Bitcoin and Gold prices, has proven to be a lucrative formula. As a result, Tether’s net profit now eclipses that of financial giants like Citibank, Goldman Sachs, and Morgan Stanley, highlighting the burgeoning business potential of the fiat-backed stablecoin model.
Further, characterized by its disintermediated structure and emphasis on user experience, stablecoins have proven themselves as a viable alternative within the financial landscape. They are arguably one of crypto’s most compelling use cases right now. Its significance becomes even more apparent in regions facing economic instability, where users turn to stablecoins as a swift means to access the U.S. dollar, safeguarding themselves against currency devaluation. Turkey serves as a notable case study, stablecoin transactions account for a remarkable 4% of the nation’s GDP, the highest proportion globally, at a time when the Turkish Lira lost more than 75% of its value against the U.S. dollar over the last 5 years.
Finally, Tether is intensifying its efforts by launching USDT on the TON blockchain, which is closely linked to Telegram. Despite TON’s recent rise in popularity with approximately 1.74M users, it aims to tap into Telegram’s vast 900M user base through its deep integration. This move could significantly expand the market for stablecoins, currently serving around 25M users. Moreover, this integration is a pivotal step in simplifying crypto usage, concealing its complexities, and paving the way for mass adoption.
This Week’s Calendar
Source: Forex Factory, 21Shares
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.
Utvecklingen för Hashdex kryptoindex ETPer
XD5E ETF en utdelande fond som köper aktier från Eurozonen
Bitcoin’s Volatility and Stablecoin’s Market Viability: What Happened in Crypto This Week?
Endast en tredjedel av brittiska privatinvesterare har hört talas om ansvarsfulla investeringar eller ESG
C3AE ETF spårar det kinesiska A 300 Swap indexet
ETFmarknaden i Europa firar sitt 24-årsjubileum med tillgångar på två biljoner USD
Tillgång till obligationsmarknaden för företagsobligationer från utvecklade marknader
Vilken är den bästa fond som följer Nasdaq-100?
De mest populära börshandlade fonderna april 2024
Försvarsfond når förvaltad volym på 500 MUSD
Populära
-
Nyheter3 veckor sedan
ETFmarknaden i Europa firar sitt 24-årsjubileum med tillgångar på två biljoner USD
-
Nyheter4 veckor sedan
Tillgång till obligationsmarknaden för företagsobligationer från utvecklade marknader
-
Nyheter2 veckor sedan
Vilken är den bästa fond som följer Nasdaq-100?
-
Nyheter2 veckor sedan
De mest populära börshandlade fonderna april 2024
-
Nyheter4 veckor sedan
Försvarsfond når förvaltad volym på 500 MUSD
-
Nyheter5 dagar sedan
Några av de bästa guldfonderna
-
Nyheter2 veckor sedan
U.S. Global Investors tar över HANetf Travel
-
Nyheter2 dagar sedan
Endast en tredjedel av brittiska privatinvesterare har hört talas om ansvarsfulla investeringar eller ESG