Ọkachamara nrapado Bopp Jumbo mpịakọta teepu

Ego ndị a na-agbanwe agbanwe nke na-adịghị egosipụta nke ọma, nke na-anaghị ekpughe ihe eji eme kwa ụbọchị, ndị US Securities and Exchange Commission akwadoro ya ma na-atụ anya na ha ga-emecha bata na Europe na Eshia. Frank Koudelka, ọkachamara ngwaahịa ETF zuru ụwa ọnụ na State Street, kwuru na mkparịta ụka mgbasa ozi na London ụnyaahụ na SEC kwadoro ActiveShare ETF na Mee na nkata proxy n'izu gara aga. A maara ụdị abụọ a dị ka ETF nke ọkara, ebe ọ bụ na ha na-egosipụta njide n'otu oge dị ka ego ego. Ha ka chọrọ nkwado ndepụta mgbanwe, yabụ o kwuru na ETF nwere ike ịdị ndụ site na nkeji mbụ nke afọ na-abịa. "Anyị na-atụ anya na ha ga-eto nke ọma ka ndị ETF na-arụ ọrụ na-achịkọta $ 90bn (€ 81bn) na akụ n'okpuru nchịkwa, bụ isi na ego a na-akwụ ụgwọ," Koudelka kwukwara. "Ngwaahịa ndị a ga-aga ụwa niile wee bịa na Europe na Eshia." Brown Brothers Harriman kwuru na blọọgụ n'ọnwa Mee na nhazi nke Precidian Investments' ActiveShares ETF bụ nkwenye SEC mbụ maka ngwaahịa ETF dị ọcha ebe ndị njikwa na-akwakọba atụmatụ ndị na-arụ ọrụ n'ụzọ na-enweghị nghọta. Blọọgụ Exchange Thinks kwuru, sị: "Ndị njikwa na-arụsi ọrụ ike bụ ndị na-ala azụ ịbanye na ETF nwere ike ugbu a mee ka usoro ha dị maka ndị na-ege ntị ka ukwuu nke ndị na-etinye ego na-enweghị ikpughe 'ihe nzuzo nzuzo' ha. Ruo ugbu a, ndị njikwa na-arụsi ọrụ ike na-abanye n'ahịa ETF site na ego ejiri smart-beta indexed ma ọ bụ ETF ndị na-arụsi ọrụ ike." Precidian kwuru na nkwupụta n'ọnwa Mee na ndị njikwa akụ gụnyere Legg Mason, BlackRock, Capital Group, JP Morgan, Nationwide, Gabelli, Columbia, American Century na Nuveen nyere ikike usoro ActiveShare. Ndị ọchụnta ego ga-achọ ịhụ ETF ndị na-arụsi ọrụ ike n'ahịa dịka nyocha BBH 2019 Global ETF Investor Survey na February. "Nke a na-egosi na arụmụka n'etiti ndị na-arụsi ọrụ ike na ndị na-agafe agafe abụghị nhọrọ ọnụọgụ abụọ - ndị investors ETF ka nwere ike ịhụ njikwa na-arụ ọrụ nke ọma; naanị ha chọrọ ya na ihe mkpuchi dị ọnụ ala,” BBH kwukwara. "Ọ bụ ezie na usoro Precidian nwere ikike ugbu a na US, ka ahịa ETF zuru ụwa ọnụ na-aga n'ihu na-eto eto, anyị na-atụ anya na nhazi ahụ nwere ike ịbụ ụkpụrụ maka ETF ndị na-abụghị transperent na Europe na Asia." BBH kwukwara na blọọgụ n'ọnwa a na SEC nyere nkwado na-adịgide adịgide maka ụlọ ọrụ ETF ọhụrụ ọkara transperent sitere na Natixis/New York Stock Exchange (NYSE), T Rowe Price, Fidelity and Blue Tractor Group na-eji 'proxy baskets'. "Ụdị ETF ọhụrụ ndị a na-ewebata echiche nke nkata proxy nnọchiteanya, nke na-enyere ndị njikwa aka ịkema ma ọ bụ chebe ihe nchekwa dị n'okpuru na ETF," BBH kwukwara. "Ụdị ETF ọhụrụ a nwere ike ịkpọsa oge ọhụrụ nke ETF ndị na-arụ ọrụ." Ciaran Fitzpatrick, onye isi nke ETF servicing Europe, na State Street kwuru na nkenke ụnyaahụ na ọ ga-ewe oge maka ihe owuwu ọhụrụ a ịbịa na Europe n'agbanyeghị nkwado SEC. Fitzpatrick kwukwara, "Central Bank of Ireland na UK Financial Conduct Authority na-arụkọ ọrụ na IOSCO na nghọta nke njide ETF dị ka ọtụtụ ahịa Europe chọrọ nkwupụta kwa ụbọchị." "Enwere ike ịnwe mgbanwe n'ime ọnwa 18 ruo 24 na-esote mana nke ahụ chọrọ ọtụtụ nnabata mbụ." Mmemme ọrụ 2019 International Organisation of Securities Commission na-agba mbọ ịrụ ọrụ na ETF site na ma nchekwa ndị ọchụnta ego yana nleba anya iguzosi ike n'ezi ahịa ahịa. Otu maka ndị na-ahụ maka njikwa ụwa na-arụkọ ọrụ na Board Financial Stability Board maka ihe egwu nkwụsi ike nke ego sitere na ETF na ha mere ọgbakọ ogbako maka ndị sonyere ụlọ ọrụ na June nke afọ a. Fitzpatrick na-atụkwa anya ETF maka usoro gburugburu ebe obibi, mmekọrịta ọha na eze na ọchịchị na-eto eto na Europe yana maka ọtụtụ ndị na-enye US ịmalite ETF na mpaghara. Fitzpatrick kwuru, "Ndị isi niile na-enyefe na-abanye na oghere ESG ma nweekwa ndị ọhụrụ. "Anyị nọ na mmalite nke okporo ụzọ na Europe na ESG ga-abụ onye egwuregwu dị ịrịba ama n'afọ ndị na-abịa." Ọ gara n'ihu na State Street na-eso ndị na-enye US na-achọ ịmalite ETF zuru ụwa ọnụ, yana ndị na-enye Europe chọrọ ikesa ETF na South America, Asia na Israel. Fitzpatrick kwukwara, "Ha kwesịrị ịnwe ngwaahịa niche dị ka ESG, ihe ma ọ bụ isiokwu na ihe ịma aka bụ na ndị egwuregwu buru ibu abanyelarị na oghere ndị ahụ." Dịka ọmụmaatụ, Goldman Sachs Asset Management kwupụtara mwepụta nke European ETF azụmahịa na Septemba afọ a ka enyechara ETF na US kemgbe Septemba 2015. GSAM mbụ European ETF bụ Goldman Sachs ActiveBeta US Large Cap Equity UCITS ETF nke depụtara na London. Ego ahụ bụ ụdị European nke flagship ETF ya na US, nke nwere ihe karịrị $ 6.5bn na akụ na nke GSAM kwuru na ọ bụ nnukwu ETF n'ọtụtụ ihe n'ụwa. Nick Phillips, onye isi nke azụmaahịa azụmaahịa azụmaahịa mba ofesi na GSAM, kwuru na nkwupụta: “Ego a ga-adabara ma ndị ahịa azụmaahịa na ụlọ ọrụ. Nke a bụ mgbakwunye dị ịrịba ama na onyinye ngwaahịa mba ụwa anyị, anyị nwekwara obi ụtọ dị ukwuu ịbanye n'ahịa European ETF na-eto ngwa ngwa. " GSAM kwuru na Septemba ọ na-eme atụmatụ ịmalite ụdị ETF n'ime ọnwa isii na-abịa. N'izu gara aga ụlọ ọrụ ahụ ghọrọ onye nrụpụta ọhụrụ na mgbanwe Switzerland site na ịmalite smart beta ETF atọ. Koudelka na-atụkwa anya na uto na ahịa European ETF ga-abịa site na mmalite nke ndị ndụmọdụ robo. "Na US enwere $ 275bn na akụ n'okpuru njikwa na robos na ọtụtụ nke dị na ETF, nke ahụ ga-agbasakwa gburugburu ụwa," ka o kwuru. Na Europe iwebata ụkpụrụ MiFID II na mmalite nke afọ gara aga nyere iwu ka akuko azụmaahịa ETF maka oge mbụ na mpaghara ahụ. Ọnụ ego ETF abawanyela kemgbe MiFID II gara Iive mana Fitzpatrick kwuru na achọrọ karịa iji kwalite nghọta. Fitzpatrick kwuru, "Tepe jikọtara ọnụ maka Europe ga-abụ mgbanwe egwuregwu n'ịbawanye nghọta na inye nkọwa doro anya nke mpịakọta ETF na oke mmiri n'ofe ahịa," Fitzpatrick kwuru. Koudelka kwukwara na State Street na-achọ ịnyekwu data iji kwalite ọchịchọ. "N'ịkọwa na Global Markets anyị na-azụlite akụkọ nke data njide dị ka ụdị ndị investors ịzụrụ ETFs, na ebe ha, nke ga-enyere aka idu ndú ọgbọ,"O kwuru. Fitzpatrick gara n'ihu na n'afọ na-esote State Street ga-ahapụ igwe ahaziri ahazi maka ndị sonyere ikike (AP), bụ ndị na-eweta nkata nchekwa iji mepụta mbak ETF ma ọ bụ nweta nkata nke nchekwa iji gbapụta mbak ETF, ma nye ego n'ahịa. Fitzpatrick kwukwara, "Anyị na-etinye nnukwu ego dịka akụkụ nke atụmatụ afọ atọ, ọ ga-abarakwa ahịa Europe dum na gburugburu ebe obibi ETF." "Anyị ga-ewepụtakwa Portal AP na Portal Fund Connect na ahịa nke mbụ anyị iji nye APs na ndị na-enye onyinye ohere ịnweta data ETF dị mkpa dị ka nkwenye AP, data uru net, faịlụ mejupụtara Pọtụfoliyo na nkata ọnụahịa." A malitere mgbasa ozi ahịa na 2007 iji nye ọkaibe, ọdịnaya dị omimi gbasara akụkụ niile nke ụlọ ọrụ nchekwa, ewepụtara n'ofe usoro mbipụta, ntanetị na mmemme.