And The 2016 ETF.com Europe Awards Winners Are ...

April 27, 2017

Lifetime Achievement Award: Graham Tuckwell, founder, chairman, ETF Securities

Graham Tuckwell, a legend in the ETF industry, built the largest ETF provider in Europe from the ground up. Prior to starting his own company, Tuckwell was a key player in the development of gold bullion ETFs, and was a champion of passive investing in commodities around the world.

Finalists for this award included:

  • Valerie Baudson, Chief Executive Officer, CPR Asset Management (Amundi)
  • Isabelle Bourcier, Head of ETF and Indexed Fund Activities, THEAM
  • Mark Makepeace, Chief Executive Officer, FTSE Group
  • Baer Pettit, Chief Operating Officer, MSCI

Inside ETFs CEO Matt Hougan told Tuckwell: "You have been inspirational to watch, and all you do is so aligned to the ETF industry."

Tuckwell entered the industry in 2002. At the awards dinner, he spoke of how the World Gold Coucil invited him to London, and how an industry contact told him how market makers were "important." "I just couldn't understand it," he joked.

He described how he grew his company to billions of dollars, and said the three-hour commute between Melbourne and London "almost killed him."

Success was hard fought, but the company became a market leader. 

His words of warning to the ETF industry? No more ETF providers will be able to build from the ground up, and he claimed ETF Securities was the last independent ETF provider in the continent.:"Those days are over."

As for the future, Tuckwell says he saw the ETF industry as a fintech business. "The next layer of development will be involving many more people in buying ETFs, and how tech can benefit investors," he said. 

He notes he would eventually step back from the business, but was excited by the "stability" of his young team.

Best New ETF in Europe – 2016: iShares Fallen Angels High Yield Corporate Bond UCITS ETF (LSE: WING)

This award celebrated the most important ETF launched last year, in terms of overall contribution to positive investor outcomes. WING had an incredible 2016 and captures an exciting niche for European investors. The fund focuses on fallen angel bonds, which are investment-grade bonds that have been downgraded to junk bond status, and research shows that this fixed-income category outperforms the market over the long term.

WING has already gathered more than $258 million, despite only launching in June last year. It is also diversified, with 349 underlying holdings—exposure is split between the U.S. and Italy—and it is a useful addition to iShares’ four-strong high-yield bond ETF range.

Finalists included:

  • Amundi ETF Floating Rate USD Corporate UCITS ETF – Hedged EUR
  • iShares MSCI EM SRI UCITS ETF
  • Lyxor US$ 10Y Inflation Expectations UCITS ETF
  • PowerShares FTSE UK High Dividend Low Volatility UCITS ETF

 

Best New Equity ETF in Europe – 2016: iShares MSCI EM SRI UCITS ETF (LSE: SUSM)

Again, this fund was recognized for contributing to positive investor outcomes but within equities.

As investors are increasingly seeking ways to place their capital with companies that adhere to environmental, social and governance risk criteria, this fund has become a perfect fit for many portfolios, and has already racked up $40.5 million since launching last July.

It won’t break the bank at 0.35% fees, and who says SRI doesn’t pay off? SUSM has returned 13.18% year-to-date in USD terms compared with equivalent parent fund’s 9.65% over the same period.

Finalists included:

  • BNP Paribas Easy Equity Low Vol Europe UCITS ETF
  • Lyxor FTSE All World Minimum Variance UCITS ETF
  • PowerShares FTSE UK High Dividend Low Volatility UCITS ETF
  • XACT Swedish Small Cap UCITS ETF

 

 

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