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US ETF and ETP assets hit $1 trillion

American-listed ETFs and exchange traded products have broken through the $1 trillion (£644 billion) barrier in terms of assets under management, according to BlackRock.

According to the American asset manager and ETF provider, American AUM last week reached $1.027 trillion.

America alone hosted 894 ETFs with assets of $887.2 billion from 28 providers on two exchanges.

Over the year to date, 171 new ETFs have been launched in America. Another 828 new ETFs are in the pipeline. Meanwhile, only 49 ETFs have ben delisted.

There were 185 ETPs with assets of $115.5 billion from 20 providers on one exchange.



Friends attacked over non-protected transfer

Intelligent Pensions technical director David Trenner has hit out at Friends Provident after it refused to allow a partial transfer of £68,000 of non-protected rights into a Sipp. The dispute centres on Friends’ policy on the partial transfer of pension funds which have protected and non-protected rights elements into a Sipp. Friends says the product […]

HML job losses loom after GMAC-RFC account loss

HML staff working on the GMAC-RFC account could be at risk of redundancy after the company decided to take the administration of its mortgage assets in-house. GMAC-RFC will bring the servicing of its £3.6bn mortgage book, which is currently serviced by HML, in house from April 13 next year, as revealed in this week’s Money […]


Mortgage Brain set to acquire TrigoldCrystal

Mortgage Brain has agreed terms to acquire TrigoldCrystal in a deal which could total £9.9m. A default offer of £6.8m has been made or an alternate offer of cash, loan notes and shares totalling around £9.9m. The TrigoldCrystal board has agreed unanimously and it will now be put to shareholders. It is expected the deal […]


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