BNP Paribas Asset Management (BNPP AM) became the latest asset manager to unveil a fixed maturity ETF range, joining BlackRock, Invesco, Amundi and DWS who have all launched similar ranges over the past year.
The three-strong range hold Euro corporate bonds that are set to expire in 2027, 2029 and 2032 and track their respective Bloomberg Euro Corporate indices.
BlackRock was first to market in Europe with a fixed maturity ETF range – launching the iShares iBonds Dec 2028 Term € Corp UCITS ETF (IB28) and iShares iBonds Dec 2026 Term € Corp UCITS ETF (IB26) last August.
Robeco preps sales team
Robeco is preparing for its entry into the European market later this year by building out its ETF sales team.
The hires include Dorcas Phillips as head of capital markets from Fidelity, alongside the appointment of Nick King in October last year.
Robeco will plan to launch active ETF strategies as the market continues to rapidly expand, with active ETFs seeing inflows of $6.8bn in the first half of 2024.
More broadly, the ETF industry has seen a tussle for active ETF talent as the market continues to expand, with Fidelity hiring Roxane Philibert as ETF product specialist from BlackRock to help support the growth of active and index ETFs across Europe.
MSCI cuts more China stocks
MSCI has continued to cut Chinese equities from its global indices while adding Indian securities following a rebalancing of the index this week.
60 Chinese equities will be removed from its global indices, after the index provider removed 66 Chinese companies in the MSCI Emerging Markets index at the end of February, on top of 65 Chinese stocks in May.
Meanwhile, seven Indian stocks have been added to MSCI’s global indices, with five added to the emerging markets index at the end of February.
India has been asserting itself as the dominant force in emerging markets, with rapid economic growth, political stability and favourable geopolitical positioning, particularly with the US.
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