ETFs

The Royal Bank of Scotland has launched three exchange-traded notes (ETNs) on Xetra in Germany, tracking the performance of MSCI equity indices.

Low liquidity levels in the fixed income markets have led investment grade and high yield ETFs to rack up higher-than-expected tracking errors and lower performance, according to asset manager Robeco.

ETFs and other equity-like instruments would be subject to the same transparency rules as shares, under proposed changes to European financial market regulations revealed last week.

Troika Dialog asset management has unveiled an ETF tracking the RTS Standard index on the RTS exchange in Russia.

The average total expense ratio for equity ETFs in Europe is around 51 basis points (bps) lower a year than the average equity index tracking fund, according to BlackRock.

UK tax on gains from exchange-traded commodities (ETCs) can vary between 18% and 50% due to inconsistencies in product structure, according to tax experts.

US asset manager Van Eck Global has launched an ETF providing exposure to bonds issued in local currencies by emerging market governments.

New York-based ETF issuer Global X Funds has unveiled an ETF providing access to lithium, a resource which the firm says is integral for renewable energy.

BNY Mellon has announced its Classic ADR index will serve as the primary benchmark for a new actively managed international ETF.

European-listed ETFs providing exposure to fixed income saw net inflows of $1.5bn in June, while ETFs tracking European equities experienced $1.5bn in net outflows in this month.