fixed income

Fund managers expect the Basel Committee's new rules on bank capital adequacy to have a major impact on financial sector debt and equity markets.

Amundi ETF has launched an additional 15 funds on Borsa Italiana, boosting the number of products it has on the exchange to 60.

iShares has launched the first ETF providing liquid exposure to the European high yield debt market.

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

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.

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.

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

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.

iShares has listed nine international sector ETFs on NYSE Arca, offering exposure to both developed and emerging markets.

Chinese asset management firms are planning to launch ETFs tracking global fixed income indices for the first time, following an agreement between Barclays Capital and the Shanghai Stock Exchange.