 | |
| Type | Private Limited |
|---|---|
| Industry | Investment management |
| Founder | Graham Tuckwell |
Number of locations | Sydney, Melbourne |
| Products | Exchange-traded funds |
| Website | www |
ETF Securities is an asset management firm that issues exchange-traded funds (ETFs) primarily in Australia.
The company was founded by Australian businessman and philanthropist Graham Tuckwell. [1]
The company worked with the World Gold Council on the development of the first gold ETF in 2003 and collaborated on the listing of Gold Bullion Securities on the London Stock Exchange in March 2004. [2]
In 2003, the company listed the first physically-backed gold exchange-traded commodity (ETC) on the Australian Stock Exchange. [3]
In 2005, the company created Europe's first petroleum ETF and in 2006 established the world's first commodities ETF platform, making 19 commodities and 10 commodity indices available on the London Stock Exchange and other European exchanges. [4]
In 2008, the company listed the first carbon ETF on the London Stock Exchange. [5]
By November 2012, the company had $30 billion in assets under management. [6]
On 8 February 2013, the company was selected by Charles Schwab Corporation as the sole provider of its precious metal ETFs. [7]
In March 2013, the company listed currency-hedged physical gold investment products on the London Stock Exchange and the Deutsche Börse. [8] [9] [10]
In August 2013, the company began offering the world's first gold exchange-traded product (ETP) to allow physical redemption by retail and institutional investors. [11]
In May 2014, the company partnered with E Fund Management (Hong Kong) Co., Limited to launch Europe's first ETF to track the MSCI China A Index, which gives foreign investors exposure to hard-to-invest-in A-shares. [12]
In January 2015, the company launched two smart beta ETFs on the NYSE in partnership with ERI Scientific Beta, which attempt to use ERI Scientific Beta's stock selection process to produce higher risk-adjusted returns. [13]
In April 2015, the company partnered with Bank Lombard Odier & Co to offer bond ETFs listed on the London Stock Exchange. [14]
On 26 May 2015, the company formed a joint venture with Australia and New Zealand Banking Group to offer six new ETFs on the Australian Stock Exchange. [15]
In September 2008, the company launched ETF Exchange, a trading platform in Europe. [16]
The company launched an exchange-traded currencies software platform in November 2009.[ citation needed ]
In April 2018, WisdomTree Investments acquired the company's European business [17] and Standard Life Aberdeen acquired the company's U.S. business. [18]
A commodity market is a market that trades in the primary economic sector rather than manufactured products, such as cocoa, fruit and sugar. Hard commodities are mined, such as gold and oil. Futures contracts are the oldest way of investing in commodities. Commodity markets can include physical trading and derivatives trading using spot prices, forwards, futures, and options on futures. Farmers have used a simple form of derivative trading in the commodity market for centuries for price risk management.
An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout the day on stock exchanges whereas mutual funds are bought and sold from the issuer based on their price at day's end. An ETF holds assets such as stocks, bonds, currencies, futures contracts, and/or commodities such as gold bars, and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur. Most ETFs are index funds: that is, they hold the same securities in the same proportions as a certain stock market index or bond market index. The most popular ETFs in the U.S. replicate the S&P 500, the total market index, the NASDAQ-100 index, the price of gold, the "growth" stocks in the Russell 1000 Index, or the index of the largest technology companies. With the exception of non-transparent actively managed ETFs, in most cases, the list of stocks that each ETF owns, as well as their weightings, is posted daily on the website of the issuer. The largest ETFs have annual fees of 0.03% of the amount invested, or even lower, although specialty ETFs can have annual fees well in excess of 1% of the amount invested. These fees are paid to the ETF issuer out of dividends received from the underlying holdings or from selling assets.
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has been the most effective safe haven across a number of countries.
iShares is a collection of exchange-traded funds (ETFs) managed by BlackRock, which acquired the brand and business from Barclays in 2009. The first iShares ETFs were known as World Equity Benchmark Shares (WEBS) but have since been rebranded.
Silver may be used as an investment like other precious metals. It has been regarded as a form of money and store of value for more than 4,000 years, although it lost its role as legal tender in developed countries when the use of the silver standard came to a final end in 1935. Some countries mint bullion and collector coins, however, such as the American Silver Eagle with nominal face values. In 2009, the main demand for silver was for industrial applications (40%), jewellery, bullion coins, and exchange-traded products. In 2011, the global silver reserves amounted to 530,000 tonnes.
Gold exchange-traded products are exchange-traded funds (ETFs), closed-end funds (CEFs) and exchange-traded notes (ETNs) that are used to own gold as an investment. Gold exchange-traded products are traded on the major stock exchanges including the SIX Swiss Exchange, the Bombay Stock Exchange, the London Stock Exchange, the Paris Bourse, and the New York Stock Exchange. Each gold ETF, ETN, and CEF has a different structure outlined in its prospectus. Some such instruments do not necessarily hold physical gold. For example, gold ETNs generally track the price of gold using derivatives.
An exchange-traded note (ETN) is a senior, unsecured, unsubordinated debt security issued by an underwriting bank. Similar to other debt securities, ETNs have a maturity date and are backed only by the credit of the issuer.
An inverse exchange-traded fund is an exchange-traded fund (ETF), traded on a public stock market, which is designed to perform as the inverse of whatever index or benchmark it is designed to track. These funds work by using short selling, trading derivatives such as futures contracts, and other leveraged investment techniques.
An exchange-traded product (ETP) is a regularly priced security which trades during the day on a national stock exchange. ETPs may embed derivatives but it is not a requirement that they do so - and the investment memorandum should be read with care to ensure that the pricing methodology and use of derivatives is explicitly stated. Typically, individual underlying securities, such as stocks and bonds, are not considered ETPs.
United States Commodity Funds LLC (USCF) is a US company based in Oakland, CA, specializing in managing exchange-traded commodity funds, which are often referred to as commodity-based exchange-traded funds (ETFs). USCF was one of the earliest issuers of exchange-traded commodity funds in the United States. It is best known for launching in 2006 the first crude oil based exchange traded commodity fund in the United States, United States Oil Fund, LP, as well as launching in 2007 the first natural gas exchange traded commodity fund, United States Natural Gas Fund, LP. USO and UNG are two of the most actively traded ETFs in the United States. As of June 30, 2016, USCF managed eleven different exchange traded commodity funds with total assets of approximately $5 billion.
BetaShares is an Australian provider of exchange-traded funds (ETFs) and other ASX-traded funds. The company introduced a range of products into the Australian ETF landscape, including Australia's first currency hedged ETF, Australia's first range of commodity ETFs, Australia's first range of currency ETFs, Australia's first ETF using fundamentally based indexes and a range of short exchange traded products. BetaShares is based in Sydney, Australia with offices in Melbourne and Brisbane.
WisdomTree Investments, Inc. is a New York-based exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager. WisdomTree launched its first ETFs in June 2006, and became one of the major ETF providers in the United States. WisdomTree sponsors different ETFs that span asset classes and countries worldwide. Categories include: U.S. and International Equity, Currency, Fixed Income and Alternatives.
Boost ETP is an independent boutique Exchange Traded Products (ETP) provider, based in London, United Kingdom. Boost ETP is the first asset management firm in Europe to offer 3x leveraged ETPs and 3x short ETPs. The first Boost ETP products became available on 6 December 2012 on the London Stock Exchange.
E Fund Management Co., Limited is a Hong Kong-based asset management company, and a subsidiary of E Fund Management Co., Ltd, established in Guangzhou China in 2001. E Fund Management Co., Ltd currently manages US$223 billion as of March 31, 2020. As of 2015, it is licensed by the Securities and Futures Commission of Hong Kong and the U.S. Securities and Exchange Commission It is also licensed RQFII and QFII investor.