Name: ETF Investigations: Pre-hedging or frontrunning: Are ETF investors losing out?
Start: 2023-03-15T11:00:00Z
End: 2023-03-15T11:01:03.000Z
Location: BrightTALK
Rating: 4

This webinar channel is for professional investors and other members of the European ETF ecosystem. Here you will find discussions with leading industry figures on topics such as new regulatory policies impacting the European ETF industry and trends defining the market.

Discover other events and the latest ETF industry news and analysis at etfstream.com.

The call for harmonisation between the UK and EU has never been greater from the ETF industry as issuers grapple with the number of regulatory challenges on the horizon.

UCITS equivalence, the Overseas Funds Regime (OFR), T+1 settlement and the differences between SFDR and SDR are just a few of the regulatory developments set to have a heightened impact on the European ETF market in the wake of Brexit.

This webinar will assess the impact of Brexit on the European ETF market, why the UK is currently not an attractive market for ETF issuers and if there are any solutions to improve the efficiency of the ecosystem.

Key questions:
• Why is harmonisation so important for European ETFs?
• When will new ETF issuers start listing in the UK again?
• How can European ETFs remain competitive versus other jurisdictions?

ETF Investigations: Brexit’s Impact On The European ETF Market

In March, the Financial Conduct Authority (FCA) said it “will not object” to requests to list crypto ETNs on regulated exchanges. 

As a result, professional investors will be able to invest in crypto ETNs listed in the UK, with the London Stock Exchange set to start accepting bitcoin and ethereum ETN applications in Q2.

This webinar, in partnership with 21Shares, will explore the potential impact of the FCA’s decision, bitcoin’s next halving and the outlook for digital assets for the remainder of the year.

FCA's Move On UK Crypto ETNs: What's Happening And What To Expect?

The largest ETF conference in Europe is back! ETF Ecosystem Unwrapped 2024, which is set to take place on 22-23 May in the City of London, is the event to attend for members of all aspects of the European ETF ecosystem.

With a stellar line-up of speakers, this is set to be a fantastic event for professional investors (Day 1) and the wider ETF ecosystem (Day 2) where we will dive into the most important themes shaping the outlook for markets and the ETF industry.

During this webinar, ETF Stream’s editor Tom Eckett will preview all aspects of the conference and reveal the topics he is most excited about.

Road To ETF Ecosystem Unwrapped 2024

The creation of the first ETF share classes of mutual funds in Europe turned heads across the continent, with many anticipating the Vanguard-like offering to sweep the market.

Despite this, the floodgates have yet to open with barriers such as the UCITS naming convention and regulatory divergence between Ireland and Luxembourg weighing on the industry. 

As more ETF issuers potentially eye up the structure, this webinar will analyse the differences between listed and unlisted share classes and how it could shape the ETF market in particular. 

Key questions: 
• How do listed and unlisted ETF share classes work?
• What are the advantages and disadvantages of each?
• Will more ETF issuers follow suit in Europe?

ETF Investigations: Listed And Unlisted Share Classes: A Gamechanger?

As the world races toward net-zero, copper is a metal in demand. Owing to its conductive properties, copper plays a vital role in electricity grids, electric vehicles and renewable energy technologies. As a result, demand for copper has the potential to outstrip supply as the clean energy transition takes hold.

Watch this webinar to discover:
• The role of copper in electricity grids, electric vehicles (EVs), and renewable energy technologies.
• The current demand-supply imbalance for copper in different net-zero scenarios.
• The performance of copper versus copper miners.
• How to gain pureplay exposure to copper demand.
• The importance of using an ESG screen when constructing a copper index.
• Other key metals for the energy transition such as uranium and lithium.

Speaker:
- John Ciampaglia, CEO, Sprott

Why Copper Matters In The New Energy Landscape

European regulators are currently weighing up the prospect of following the US in moving to a T+1 settlement structure, a decision that could cause issues for European-listed ETFs.

The potential move to T+1 settlement is currently the biggest structural challenge facing European ETFs and has created much uncertainty among market participants.

Following the European Securities and Markets Authority’s (ESMA) call for evidence, this webinar analysed how a move to T+1 could disrupt European markets and what impact it could have on ETFs in particular.

Key questions:
• Will Europe follow the US in switching to T+1?
• What are the specific risks of moving to T+1 in Europe?
• What impact will the migration have on European ETFs?

ETF Investigations: The Challenges Of T+1 Settlement In Europe

Fixed income looks set to play a crucial role within multi-asset portfolios in 2024 as investors attempt to navigate a potential recession on the one hand and the risk of higher interest rates for longer on the other.

In a recent survey of 66 professional investors across Europe conducted by ETF Stream and J.P. Morgan Asset Management, 68% of respondents highlighted a recession as the biggest risk to portfolios while 83% stated 2024 will be the year of fixed income.

This webinar assessed the outlook for markets in 2024, the importance of asset allocation within fixed income and the rising demand for active ETFs.

Speakers:
-Travis Spence, Head of EMEA ETF Distribution, J.P. Morgan Asset Management

What is the outlook for bond markets in 2024?

The European ETF market continues to develop at a rapid pace. From regulatory changes to new product launches, this is an ecosystem that has matured significantly since the first ETF was launched in 2000.

The return of fixed income, best ETF execution practices and the latest regulatory developments including SFDR, pre-hedging and T+1 settlement were some of the key trends in 2023.

This webinar looked back at the past 12 months and analyse the most important developments that have taken place across the ecosystem as well as have one eye on the outlook for ETFs in 2024.

Key questions:
• What are the ETF market’s key takeaways from 2023?
• What impact have regulatory changes had on the market?
• What is the outlook for ETFs in 2024?

ETF Investigations: The European ETF market’s biggest trends in 2023

Thematic strategies are attracting greater interest as investors look to incorporate the megatrends reshaping our lives and economies. While selecting the right strategy can be challenging in such a crowded market, it may be helpful to consider index design given its impact on the performance of index-based thematic strategies and ETFs. 

This webinar explored the boom in thematics and topics including:
• Why many investors are turning to transparent, rules-based index-based thematic solutions 
• How thematic strategies may contribute to increased diversification
• How index design can affect thematic strategy exposure and performance
• Why striking the right balance between broader market and thematic exposures is key to preparing for the years ahead

Speakers:
- Omar Moufti, Thematics and Sectors Product Specialist, iShares, BlackRock
- Ari Rajendra, Head of Thematic Indices, S&P Dow Jones Indices
- Olivier Souliac, Team Lead Product Specialists Xtrackers, DWS

Thematics: Differentiating In A Crowded Market

The clean energy transition coupled with disruptions to energy relationships has fuelled a global power shift, reigniting interest in nuclear power.

This has accelerated the adoption of electric vehicles (EVs) and the deployment of renewable energy, making uranium, lithium, copper and other high-demand, short-supply critical minerals all the more crucial.

This webinar on uranium and battery metals will explore the investment opportunities being driven by national energy transition and security goals.

This includes:
• Global commitments to clean energy, the impact of the US Inflation Reduction Act and Europe’s Green Deal 
• The nuclear industry’s global renaissance in clean energy generation and the uranium supplies needed for new and planned reactors 
• The proliferation of electric vehicles (EVs) and how automakers and producing countries are securing future supplies of lithium for their batteries
• How to take a fresh look at the energy sector allocations in portfolios 
• An overview of the Sprott Energy Transition ETFs

Speaker:
-John Ciampaglia, CEO and Senior Managing Director, Sprott Asset Management

The Great Power Shift: Uranium, Battery Metals And The Energy Transition

After months of negotiations, the European Council and Parliament have reached an agreement to establish a consolidated tape for equities and ETFs.

The lack of a consolidated tape has been branded a barrier to ETF growth in Europe and a hurdle to the Capital Markets Union, with investors unable to see the true liquidity picture of products.

This webinar explored key details of the agreement, such as the inclusion of live pre-trade data, the lack of venue attribution and the potential impact a consolidated tape will have for investors across Europe.

Key questions:
• What are the key takeaways from the agreement?
• Will the EU’s consolidated tape be successful in driving flows into UCITS funds?
• What impact will a consolidated tape have on the ETF market?

Speakers:
• Susan Yavari, Senior Regulatory Policy Adviser, EFAMA
• Rosa Armesto, Deputy Director General, Federation of European Securities Exchanges
• Brian Higgins, Partner, Dillon Eustace


ETF Investigations is a webinar series from ETF Stream which examines the key issues facing ETF investors in Europe.

ETF Investigations: Consolidated tape arrives in Europe

Investors face one of the toughest market environments in decades amid structurally higher inflation and the prospect of a global recession towards the end of the year.

Amid heightened market volatility, gold continues to play a protection role against inflation and a potential black swan event.

This webinar explored the outlook for gold over the next 12 months, how gold performs towards the end of a market cycle and the role of gold ETCs – and gold equity ETFs – within multi-asset portfolios.

Speakers:
Steve Jones, Business Development Manager, The Royal Mint
Eric Strand, Founder, AuAg Funds

Gold ETFs: Hunting for protection against market volatility

The number of white-label ETF issuers in Europe has boomed over the past 12 months as structural issues such as post-Brexit barriers to entry and the growing interest of US-based ETF issuers in the European market tempt new players into the space.

The likes of Goldman Sachs, Waystone and Leverage Shares have all joined HANetf in launching white-label solutions for potential ETF issuers.

This webinar assessed why there has been such rapid growth in this market, how white-label providers can support an ETF issuer’s entry into Europe and how product innovation will develop over the next few years.

Key questions:
• How do white-label ETF issuers differentiate from the competition?
• What unintended opportunities have arisen from Brexit?
• How is the European ETF market set to develop over the next five years?

ETF Investigations is a new webinar series from ETF Stream which examines the key issues facing ETF investors in Europe.

Speakers:
Peter Capper, Senior Adviser, International Fund Regulation, The Investment Association
Stephen Carson, Partner, A&L Goodbody
Jason Griffin, Director of Business Development and Capital Markets, HANetf

ETF Investigations: The rise of white-label ETF issuers in Europe

Get all the insights on Europe’s largest ETF conference! ETF Ecosystem Unwrapped 2023, which is set to take place on 24-25 May in London, is the event to attend for participants of the European ETF market.

Boasting a fantastic line-up of speakers, this event is exclusively aimed at professional investors (Day 1) and the wider ETF ecosystem (Day 2) where we will dive into the most important themes shaping the outlook for markets and the ETF industry.

During this webinar, ETF Stream’s editor Tom Eckett previewed all aspects of the conference and reveal the topics he is most excited about.

Speakers:
Monika Calay, Head of EMEA Passive Strategies Research, Morningstar
Tom Eckett, Editor, ETF Stream

Road to ETF Ecosystem Unwrapped 2023

Fed chair Jerome Powell has kept markets on their toes in recent months after delivering a series of hawkish warnings that interest rates will stay higher for longer.

The phrase ‘do not fight the Fed’ seems to be as old as time but there are big concerns the central bank could tighten monetary policy too quickly and tip the US into a recession.

This webinar will assess the outlook for markets over the next 6-12 months, the role of fixed income within portfolios and whether there are any opportunities investors can take advantage of.

Speakers:
Mike Coop, Chief Investment Officer, Morningstar Investment Management, EMEA
Karl Rogers, Chief Investment Officer, Elkstone Private

All eyes on the Fed: Where do markets go from here?

Investors and the wider asset management industry are still adjusting to the challenges posed by ‘level 2’ of the Sustainable Finance Disclosures Regulation (SFDR) which requires fund providers to report on the sustainable impact of their investments.

The lack of clarity over what constitutes an Article 6, 8 or 9 product has led to a large number of downgrades as ETF issuers race to recategorise their strategies in order to avoid accusations of greenwashing by investors and the regulator.

This webinar explored why SFDR has become such a challenge for the ETF industry, the issues of reporting from a data perspective and what this means for the ESG space in Europe going forward.

Key questions:
• Is SFDR leading to further greenwashing across asset management?
• Should investors use SFDR as a tool to measure the sustainability of an ETF?
• Are there any unintended consequences investors need to be aware of?

ETF Investigations is a new webinar series from ETF Stream which examines the key issues facing ETF investors in Europe.

Speakers:
Hortense Bioy, Global Head of Sustainability Research, Morningstar
Sergey Dolomanov, Partner, William Fry
Manuela Sperandeo, Managing Director, EMEA Head of Sustainable Indexing, BlackRock

ETF Investigations: Demystifying SFDR and its impact on ETFs

After one of the toughest years for markets since the Global Financial Crisis in 2008, investors are now preparing portfolios for another year of rising interest rates, high inflation and weaker returns versus the past decade.

In a recent survey of 59 professional investors, ETF Stream and J.P. Morgan Asset Management found 85% of respondents believe 2023 will be a year of volatility while 61% are predicting a recession.

However, there are certainly bright spots investors will be able to take advantage of over the next 12 months. This webinar explored where these might be, the role of active ETFs within portfolios and the outlook for financial markets in 2023.

Speakers:
Edward Malcolm, UK Head of ETF Distribution, J.P. Morgan Asset Management
Karen Ward, Chief Market Strategist for EMEA, J.P. Morgan Asset Management

Moderator:
Tom Eckett, Editor, ETF Stream

Actives Unlocked: What is the outlook for markets in 2023?

ETF investors are suffering significant trading costs when executing on request-for-quote (RFQ) due to pre-hedging, a process where market makers front run orders to capture the performance on known trades.

The European Securities and Markets Authority (ESMA) issued a ‘call for evidence’ last July on the practice of pre-hedging, highlighting concerns the regulator has over the practice.

This webinar explored the impact pre-hedging is having on end investors and the wider ETF ecosystem when trading on RFQ platforms and whether regulatory intervention is needed to address this issue.

Key questions:
• Is pre-hedging on RFQ platforms a form of frontrunning?
• Is there anything that can be done to protect ETF investors?
• Are there any unintended consequences if regulators step in?

ETF Investigations is a new webinar series from ETF Stream which examines the key issues facing ETF investors in Europe.

Speakers:
Jamie Hartley, European Head of Capital Markets, DWS
John Keogh, Managing Director, Susquehanna International Securities
Alex Livingstone, Head of Trading - FX & ETFs, Titan Asset Management

ETF Investigations: Pre-hedging or frontrunning: Are ETF investors losing out?

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ETF Investigations: Pre-hedging or frontrunning: Are ETF investors losing out?

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