ETFs

Physical gold inflows have hit a 13-week high amounting to $236m, as investors turn defensive about the economic outlook, ETF Securities (ETFS) says.

The average daily trading value of ETFs and other exchange-traded products on the London Stock Exchange (LSE) has increased 57% year-on-year, to reach £362m.

US-based firm Claymore Securities is closing and liquidating four ETFs that trade on NYSE Arca.

The global market for fixed income ETFs is on target to hit $200bn next year, according to iShares.

Commerzbank is due to launch ComStage ETFs in the UK for the first time in September.

US asset manager WisdomTree has listed an actively managed ETF investing in emerging markets local debt, on NYSE Arca.

Financial advisers in the US believe the "flash crash" on May 6 was caused by market structure issues, according to a survey commissioned by iShares.

State Street Global Advisors (SSgA) has reported its SPDR range of ETFs in Australia has reached A$3bn (US$2.7bn) in assets under management.

Deutsche Bank has unveiled two db x-trackers ETFs on the London Stock Exchange, providing exposure to currency in either US dollar or sterling-hedged share classes.

Exchange-traded products (ETPs) based on copper have seen high inflows, while gold ETPs have experienced outflows as sovereign risk fears in Europe abate, according to ETF Securities (ETFS).