Exchange Traded Products
Gain Visibility Into Market Activity and Fuel Investment Strategies
S&P Global provides a comprehensive view of the global ETP market to support the needs of all ETP market participants.
Our ETP product suite aggregates and generates crucial information, including ETP provider details, daily portfolio composition, dividends forecasts and analytics datasets. Our solutions are designed to meet the needs of all ETP market participants, from ETP issuers and buy-side investors to brokers and market makers.
The depth of our data, combined with flexible delivery options, provide clients with unique visibility into market activity across the global ETP industry. Our services power trading systems, support market research, simplify risk management and fuel investment strategies.
We support the complete ETP lifecycle:
Issuance: Issuers leverage our composition data and analytics to support research for ETP construction. Our PCF service delivers constituent data and a target NAV to market participants, while our iNAV service provides independent intraday NAV calculation and distribution.
Creation and redemption: Authorized participants use our composition and reference data to determine their obligations, including delivery of underlying assets and fees, for fulfilling creation and redemption orders.
Investment decision making: accurately breakdown ETP holdings by asset class, geography, sector etc in order to accurately track performance and manage risk.
Trading: In addition to iNAV calculation and tracking, our composition data enables hedging activities. Our comprehensive basket data supports trading in each fund.
Post trade: Our composition data enables daily profit and loss calculations to help meet reporting requirements. Our extensive analytics simplify risk management.
Key Benefits
Transparency
View all data on globally listed ETPs across equity, fixed income, currency, commodity and leveraged/inverse asset classes
Accuracy
Base decisions on data that is validated multiple times and confirmed by a global team of ETP analysts
Timeliness
Receive data that is processed and delivered prior to market open in each region
Distribution
Benefit from flexible data delivery options, including API data feed with web interface and flat file delivery via SFTP
Customers
- ETF Issuers
- Investment banks
- Hedge funds
- Asset managers
- Market managers
- Research firms
- Ratings agencies
- Exchanges
Products and Solutions
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ETP Composition Data
S&P Global provides daily creation, redemption and tracking basket information for global ETPs across all asset classes. Use our ETP composition data to calculate and track intraday net asset value (NAV) and to determine what must be delivered in the event of a creation or redemption order. Find daily NAVs on a per-share and per-creation unit basis.
We provide the data in a standardized format, with corporate action and management fee impact normalized within the estimated cash across ETP issuers. We also process and validate all data ahead of the listing's local exchange opening.
ETP basket structures include:
Creation/Redemption
Basket of securities and cash authorized to be exchanged for a block of ETP sharesTracking
Basket that reflects full portfolio composition and can be used to track intraday NAV, with excluded assets displayed to enable more accurate intraday NAV calculationsCollateral
Basket reflecting collateral held by a fund provider to satisfy the regulatory requirements of synthetic ETPsKey benefits:
- Transparency – View all constituents across equity, fixed income, commodity and leveraged/inverse ETPs
- Data integrity – Base decisions on data that is processed and validated by global team of analysts ahead of market opening
- Accuracy – Calculate and hedge accurate intraday NAV using estimated cash levels that are normalized for calculation baskets across all provider methodologies
- Distribution – Benefit from flexible delivery options including API data feed with web interface and flat file delivery via SFTP, eliminating the need to parse, cleanse and normalize raw data files
Download the ETP Composition Data factsheet
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ETP Encyclopedia
S&P Global provides a single, centralized and normalized source of ETP reference data, providing transparency into each globally listed ETP across asset classes. The full dataset encompasses 150 data points, including total expense ratios, fund structures, creation/redemption details and secondary market listings. We source the data directly from issuers, prospectuses and exchanges, with all new ETPs and listings added prior to launch. The ETP Encyclopedia categorizes ETPs by asset class, type, region and structure.
Key benefits:
- Classification – Leverage a comprehensive, multi-tiered system ensuring detailed and uniform market exposure categorization of every ETP listed globally
- Depth – Find all primary and secondary listing information available across all trading and listing venues, as well as complete details on creation and redemption process, including unit sizes, cut-off times, fees and settlement information
- Data integrity – Perform more accurate tracking calculations with ETPs cross-referenced to correct variant of underlying index
- Flexibility – Ease integration with internal and third-party platforms with a wide range of symbology
- Management insight – Benefit from total expense ratios, with a breakout view of management fees and other expenses that provides a holistic view of fund costs, as well as detailed management and administration information
Download the ETP Encyclopedia factsheet
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ETP Analytics
S&P Global provides a comprehensive, independent suite of global ETP analytics, including performance, exposure, liquidity, risk, and tracking. We derive these analytics from our ETP composition, reference, and dividend data to provide insight and transparency into the global ETP landscape. Customers can access more than 900 calculations and select their preferred methodology.
Analytics include:
Historical performance tracking
Critical historical regression analysis for all globally issued ETPs, normalized to multiple currencies, as well as market price returns, NAV total returns, and benchmark returns across different time seriesRisk analysis
Standard risk data points essential for analyzing an ETP, including beta, alpha, r-squared, standard deviation, max upside/downside deviation, Sharpe ratio, Sortino ratio, realized volatility, mean reversion, and moreBenchmark tracking and correlation
Key statistics on the ETP's ability to track the stated benchmark for each return type, offering insight into the risk associated with the fundFund attributes
Valuable statistics in multiple currencies on AUM growth, changes to shares outstanding and inflows/outflows for each fund across a variety of time seriesTrading and liquidity
Changing bid/ask spreads, trends in volumes and turnover, and premium/discounts for both point-in-time and historical time periods across every global ETP listing, normalized in multiple currenciesHoldings
Full transparency around the exposure of each globally listed ETP, with statistical breakdowns of holdings concentrations across sectors, regions, asset classes and other asset class specific allocationsKey benefits:
- Transparency – View all constituents across equity, fixed income, commodity and leveraged/inverse ETPs
- Accuracy – Make decisions with calculations that are based on our ETP data and validated by a team of analysts
- Timeliness – Receive data that is processed and delivered prior to market open in each region
- Distribution – Benefit from flexible data delivery via flat file feed or integrated web front end, with user-friendly access to reporting, screening and analysis tools
Download the ETP Analytics factsheet
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Portfolio Composition Files
S&P Global provides ETP issuers with a calculation service and broad distribution channels for daily portfolio composition data. We enable the timely construction of PCFs, which list the securities and representative percentages, and we provide distribution through our established connections to exchanges and authorized participants. Our service covers multiple asset classes and supports both physical and synthetic methodologies. We provide constituent data and a target NAV to the ETP issuers' requested market participants before the start of daily trading.
Key benefits:
- Breadth of service – Get support for physical and synthetic methodologies, with coverage across multiple asset classes
- Data integrity – Rely on calculations that incorporate corporate action adjustments applied according to official index provider methodology announcements, as well as total and estimated cash components that account for cash dividends and daily management fees
- Distribution – Benefit from flexible data delivery through a variety of channels—including European exchanges, index providers, authorized participants and market makers—via methods including API data feed with web interface, on-side database with desktop UI and flat file delivery via SFTP
- Flexibility – Leverage our calculation engine's open architecture design to rapidly integrate new calculation methods as well as additional data import and export interfaces
Download Portfolio Composition File (PCF) Services factsheet
Awards
Related Solutions
Experts
S&P Global Market Intelligence
Benito Ting
Benito joined the company in 2014 and has over 15 years of experience in financial services. Benito has held several roles across...
Benito Ting
Executive Director, Product Lead – ETF Plus, ETF and Benchmarking Solutions
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We're proud of our recent awards!
- Best Corporate Actions Data Initiative, 2023
- Best Overall Sell-Side Technology Provider, 2023
- Most Innovative Regulatory Solution (Climate Risk & Transaction Reporting), 2023
- Best Overall Data Product or Service, 2023
And, we delight in supporting our customers with 24x7x365 customer service and a 98% customer service satisfaction rate.
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