ETFs

Commodity ETF sales soared 57% at Lyxor Asset Management last month, becoming the most popular products among the group's global range.

Source has appointed three salespeople to its pan-European marketing team.

The Taiwan Financial Supervisory Commission (FSC) has approved the first Hong Kong ETF in Taiwan.

Direxion Funds has released two Direxion Daily Shares 3x ETFs, comprising leveraged bull and bear funds tracking the MSCI US Reit index.

Credit Suisse Asset Management (CSAM) has selected BNY Mellon Asset Servicing to support its inaugural Irish ETF range.

Stoxx, a provider of European equity indices, has developed the Dow Jones Stoxx 600 Optimised Supersector indices in collaboration with ETF provider Source.

ProShares has released a 130/30 ETF on NSYE Arca, representing the first fund in its new Alpha ProShares category.

Conjecture debate

IFAs are demanding help to access Exchange Traded Funds(ETFs)and more education about the vehicles as they expect their usage of the products to rise in the coming year.