ETFs

ETF Securities has made four appointments across its product development, research and legal teams as part of its business expansion plans.

Credit Suisse is entering the Italian ETF market with its Xmtch range, as part of a plan to expand its offering across Europe.

ETF Exchange, the third generation ETF platform of ETF Securities (ETFS), has seen assets under management reach over $275m, marking an 84% rise in the last two months.

Financial services firm Guggenheim Partners has finalised its acquisition of Claymore Group, a provider of ETFs and other investment products.

iShares has listed seven ETFs on the Amsterdam market of NYSE Euronext, including five accumulating versions of equity-based funds and two fixed income funds.

Dow Jones Indexes has licensed its GCC Titans 50 Total Return index to the National Bank of Abu Dhabi (NBAD), to underlie the first ETF in the United Arab Emirates market.

The Nasdaq OMX Stockholm exchange has started trading two ETFs providing leveraged long and short exposure to the OMXS30 index.

The number of ETFs has increased by around 26% year to date in European markets, according to the exchange group NYSE Euronext.

A class action has been filed against ProShares for allegedly providing false and misleading information relating to its UltraShort Financials fund.

Evercore Pan-Asset Capital Management has released four model portfolios offering retail investors dynamic asset allocation via ETFs.