Weekly roundup: S&P's Global Macro Index; ETFS' assets hit $27 billion

ETFM brings you a roundup of some of the launches and listings which have taken place over the past seven days.

S&P launches index for global macro/managed futures

Standard and Poor's (S&P) has launched the S&P Systematic Global Macro Index, which aims to represent the level of volatility taken by managers in the global macro and managed futures/commodity trading adviser space.

It does this by reflecting the price trends of global futures in the most widely traded sectors: commodities, energy, fixed income, foreign exchange, short-term interest rates and equities.

ETF Securities increases AUM

ETF Securities has increased its assets under management by more than a third over the past year. It now has assets on US$27.3 billion, an increase of 36% over 12 months. Its net flows totalled $1 billion over the first half of 2011, driven by commodity exchange-traded products, which account for two thirds of its asset growth, it reports.

EGShares launches Indian consumer ETF

EGShares, the ETF business of New Jersey-based Emerging Global Advisors, has listed an Indian consumer ETF on India's National and Bombay stock exchanges. The fund tracks the INDXX India Consumer Index.

PowerShare files for banking and insurance ETFs

Invesco Powershares filed with the US Securities and Exchange Commission at the end of last week for four new ETFs based of the financial and insurance sectors: PowerShares Bank Portfolio, PowerShares Capital Markets Portfolio, PowerShares Regional Banking Portfolio and PowerShares Insurance Portfolio.

Source gets Shariah approval

Two of Source's exchange-traded commodities have been certified as Shariah compliant. The London-based ETP provider's physical platinum and palladium are now considered in line with Islamic principles.