ETF NEWS - ULTUMUS

Ishares Undercuts India

Written by Ultumus | 16 May 2018

London

iShares under-prices on Indian ETF

In an act of under-pricing, iShares is listing an India-tracking ETF that will be the cheapest available on the LSE. 

The iShares MSCI India UCITS ETF (IIND, NDIA) will charge 65 basis points while tracking the same MSCI India index that its competitor products from Lyxor and Amundi both track.

 

 

The cheapest Indian-tracking ETF in London at the moment is a smart beta ETF from WisdomTree, the WisdomTree India Quality UCITS ETF, which charges 73 basis points.

Interestingly, iShares appears to have tried its hand at India ETFs in Europe before, having had an India tracker listed in Switzerland (CSIN) in 2010. The fund appears to have been liquidated, however.

 

Canada

First Trust lists capital strength ETF

First Trust is listing an international version of its Canadian capital strength ETF. The First Trust International Capital Strength ETF (FINT) will track well-capitalized companies that have strong balance sheets on a market cap weighted basis.

 

China

Ping-An lists A shares ETF

Chinese insurance giant Ping An, is listing a new plain vanilla ETF in Shenzhen, the Ping An-UOB MSCI China A-share International ETF Fund  (512360)

 

China AMC lists strategic ETF

China AMC is listing a new ETF about which I can find no English language material, the Strategic Emerging Component Index ETF Fund (512773)

 

Cross-listings

France

Ossiam ESG Low Carbon Shiller Barclays Cape US Sector UCITS ETF (5HED)

 

Additional listings

London

iShares and SPDR appear to be listing accumulating versions of fixed income ETFs. They are:

  • iShares JP Morgan EM Local Government Bond UCITS ETF (EMGA)
  • SPDR Thomson Reuters Global Convertible Bond UCITS ETF (CLGA)