Japan Fund DXJ Wins ETF Of The Year

ETF.com

DXJ, the $11 billion currency-hedged equity ETF that insulated investors from the yen’s big slide against the dollar last year, was named the ETF of the Year at the first annual ETF.com Awards held tonight in New York.

ETF.com, the 15-year-old news, views and financial data company focused exclusively on exchange-traded funds, also honored important individuals like the pioneering securities attorney Kathleen Moriarty, and the fund sponsor Vanguard, which have been instrumental in moving the 21-year-old ETF industry forward and helping to create better options and outcomes for investors.

“WisdomTree is focused on providing thoughtful and innovative investment solutions for our clients,” said Jonathan Steinberg, WisdomTree’s chief executive officer and president. “It is an honor to receive the ‘ETF of the Year’ award for the WisdomTree Japan Hedged Equity Fund (DXJ | B-54).”

The awards reflect the unique perspective ETF.com has on the industry’s stellar growth and product innovation. ETF.com, which is at the very center of the ETF industry, held the ETF.com Awards at Chelsea Piers, Pier 61, in New York. The company also hosts “Inside ETFs,” the world’s biggest ETF conference.

“The ETF.com awards recognize the funds, firms and individuals that are improving investor outcomes by delivering innovative products to the market. We congratulate every winner as well as all the nominees in each category,” said Jim Wiandt, founder, chief executive officer and publisher of ETF.com.

‘SPDR Woman’ Honored

Kathleen Moriarty, a securities attorney with New York-based Katten Muchin Rosenman whose work on the world’s first ETF, SPY, earned her the nickname “SPDR Woman,” won the “Lifetime Achievement Award.”

The prize reflects Moriarty’s 25 years of experience in the ETF industry, which includes writing the prospectus to the now-$160 billion SPDR S&P 500 ETF (SPY | A-98).

“I’m very excited and honored,” said Moriarty. “But if ETF.com awarded me this so they can get me out of the business, then they’re wrong, because I’m not going to be retiring anytime soon.”

Vanguard, a mutually structured mutual fund firm long known for its relentless drive to lower costs to investors, was named Best ETF Issuer of the Year.

“Vanguard is honored to receive ETF.com’s ETF ‘Issuer of the Year’ award,” said Martha King, Vanguard managing director and head of U.S. financial intermediaries. “This is an acknowledgment that Vanguard’s low-cost, high-value approach to investing is resonating with investors.”

China Looms Large

The award honoring last year’s best new issuer went to KraneShares, a firm exclusively focused on bringing China-focused investment funds to the market in ETF wrappers. It’s a fitting focus considering how important the world’s second-biggest economy has become.

“We’re very appreciative of ETF.com for the award,” Brendan Ahern, managing director of KraneShares, said about winning the Best New ETF Issuer of the Year. “This encourages us to keep working hard to bring new ETFs based on China 2.0 to the market, because U.S. investors are currently underinvested in the world’s second-largest economy.”

ETF.com also double-crowned the db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR) as last year’s Most Groundbreaking New ETF and Best New International/Global Equity ETF.

The Deutsche Bank fund was the first to give U.S. investors access to China’s coveted mainland A-shares market using real stocks, and has spawned a growing number of imitators.

Previous China-focused securities focused on companies listed in Shanghai and Shenzhen only afforded access through derivatives.

 

Winners

The complete list of winners and their respective categories include:

Lifetime Achievement
Awarded annually to one living individual for outstanding long-term contributions to ETF investor outcomes, whether from a position of media, regulation, product provider or investor
Kathleen Moriarty

ETF of the Year
Awarded to the ETF that has done the most to improve investor opportunities and outcomes in 2013, by opening new areas of the market, lowering costs, delivering new exposures or otherwise creating better options for investors. (There is no requirement on when this fund launched.)
WisdomTree Japan Hedged Equity Fund (DXJ)

Best New ETF
Awarded to the most important ETF launched in 2013
SPDR Blackstone / GSO Senior Loan ETF (SRLN)

Most Groundbreaking New ETF
Awarded annually to the most groundbreaking ETF launched
db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR)

Best New U.S. Equity ETF
Awarded to the most important U.S. equity ETF launched in 2013
iShares MSCI USA Quality Factor ETF (QUAL)

Best New International/Global Equity ETF
Awarded to the most important international or global equity ETF launched in 2013
db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR)

Best New Fixed-Income ETF
Awarded to the most important fixed-income ETF launched in 2013
SPDR Blackstone / GSO Senior Loan ETF (SRLN)

Best New Commodity ETF
Awarded to the most important commodity ETF launched in 2013
First Trust Global Tactical Commodity Strategy Fund (FTGC)

Best New Currency ETF
Awarded to the most important currency ETF launched in 2013
WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU)

Best New Alternatives ETF
Awarded to the most important alternatives ETF launched in 2013
ALPS U.S. Equity High Volatility Put Write Index Fund (HVPW)

Best New Multi-Asset ETF
Awarded to the most important multi-asset ETF launched in 2013
ETRACS Diversified High Income ETN (DVHI)

ETF Issuer of the Year
Awarded to the ETF issuer that has done the most to improve investor outcomes through product introductions, product performance, fund management, investor support and innovation
The Vanguard Group

Most Innovative ETF Issuer of the Year
Awarded annually to the ETF provider that has launched the most innovative and groundbreaking ETFs in 2013
WisdomTree Investments

New ETF Issuer of the Year
Awarded to the most innovative new ETF issuer to enter the market in a given year. Issuers must have launched their first ETF in 2013.
KraneShares

Index Provider of the Year
Awarded to the index provider that has done the most to improve investor outcomes through index introductions, research, advisor support and more
MSCI

Index of the Year
Awarded to the index that has done the most to provide new ways of considering investment strategies, opportunities or ideas
MSCI World with Emerging Markets (EM) Exposure Index

ETF Market Maker of the Year
Awarded to the ETF market maker that has done the most to improve investor outcomes through education, support, services, innovation and outreach
WallachBeth

Best Online Brokerage
Awarded to the online brokerage offering the best package for ETF-focused investors. This award considered commission-free trading options, education materials, supporting services and other factors.
TIE:Charles Schwab & Fidelity

Best ETF Research Team
Awarded annually to the broker-dealer with the best ETF research. The work should be aimed at educating and informing investors about how to best use ETFs in their portfolios, or about how ETFs work and the risks and opportunities they offer.
TIE:Credit Suisse & Morgan Stanley

Best ETF Issuer Website
Awarded annually to the most informative and user-friendly website by an index provider
iShares by BlackRock

Best Index Provider Website
Awarded annually to the most informative and user-friendly website by an index provider
S&P Dow Jones Indices

Best ETF Issuer Capital Markets Desk
Awarded annually to the ETF issuer providing the most useful support to advisors for ETF trading
iShares by BlackRock

ETF Strategist of the Year
Awarded to the ETF strategist/ETF model portfolio provider who has done the most to improve investor outcomes in the previous year.
Wealthfront Investment Management

 

Methodology

Winners of the awards were selected in a three-part process designed to leverage the insights and opinions of leaders throughout the ETF industry.

Step 1
The awards process began with an open nominations process. ETF.com solicited nominations from more than 15,000 members of the ETF community, including issuers, index providers, advisors, institutional investors, ETF strategists and more.

Step 2
Following the public nominations process, the ETF.com ETF Awards Nominating Committee—made up of senior members of the ETF.com Editorial and Analytics teams—voted to select up to five finalists in each category. Votes were cast on a majority basis, and ties were broken where possible with head-to-head runoff votes.

The members of the Nominating Committee were:

  • Paul Baiocchi, Vice President, Analytics
  • Paul Britt, Senior ETF Specialist
  • Matt Hougan, President, Analytics & Publications
  • Elisabeth Kashner, Director of Research
  • Olivier Ludwig, Managing Editor
  • Dave Nadig, Chief Investment Officer

Step 3

Winners among these finalists were selected by a majority vote of the ETF.com Awards Selection Committee, a group of independent ETF experts from throughout the ETF community. Committee members recused themselves from voting in any category in which they or their firms appeared as finalists. Ties were decided where possible with head-to-head runoff votes.

The members of the Selection Committee were:

  • Jim Wiandt, Founder and CEO, ETF.com
  • Phil Mackintosh, Managing Director, Trading Strategy, Credit Suisse
  • Kim Arthur, Founding Partner, Main Management
  • Mike Vogelzang, President and Chief Investment Officer, Boston Advisors
  • Benjamin Blaisdell, Managing Director and Investment Solutions Executive, US Trust
  • Jason Nicastro, Senior Research Analyst, LPL Financial

 

Permalink | © Copyright 2014 ETF.com. All rights reserved
View Comments (0)