(Bloomberg) — Exchange-traded fund investors took Wednesday’s stock-market surge as an opportunity to offload $8 billion of holdings in two of the biggest equity funds. Investors pulled $5.8 billion from the $380 billion SPDR S&P 500 ETF Trust (ticker SPY), marking the largest withdrawal since September. Meanwhile, the $162 billion Invesco QQQ Trust Series 1 […]
Read More(Bloomberg) — Cathie Wood’s Ark Investment Management is suffering a steeper drop in assets than almost any other US exchange-traded fund issuer this year. Ark’s lineup holds $15.3 billion across nine ETFs, a 48% decrease from the start of 2022, according to data compiled by Bloomberg Intelligence through June 1. That’s the biggest collapse in […]
Read More(Bloomberg) — Tesla Inc. has lost its crown jewel status in Cathie Wood’s main fund for the first time in about four-and-a-half years. Elon Musk’s company had commanded the pole position by market value in the ARK Innovation ETF, an exchange-traded fund known as ARKK, on most days since at least 2017, according to data […]
Read More(Bloomberg) — After one of the most dramatic weeks yet for ARK Investment Management, Wall Street can no longer have any doubts: Cathie Wood is sticking with her strategy — and investors are sticking with her. The chances of both have been questioned this year as a selloff in speculative tech stocks laid waste to […]
Read More(Bloomberg) — The outsized gain that turned Cathie Wood into one of the world’s most famous proponents of active fund management is quickly evaporating as some of her favorite stock picks tumble. After years of trouncing the market and just days after Wood issued a broadside against passive investing, her flagship ARK Innovation ETF now […]
Read More(Bloomberg) — For a measure of just how brutal Thursday’s reversal was in U.S. equities, take a look at where cash was moving in the ETF market earlier in the week. In the three days through Wednesday, investors added $426 million to the ProShares UltraPro QQQ ETF (ticker TQQQ), a leveraged product that delivers three-times […]
Read More(Bloomberg) — Every year over the past two decades, in the good times and the bad, there’s been one sure-fire trend in Wall Street money management: Vanguard tightens its grip on the ETF market. But now the John Bogle-founded giant is squeezing the $6.8 trillion industry harder than ever, by ramping up the fee war […]
Read More(Bloomberg) — Investors may soon have an ETF to weather one of the worst possible outcomes for the U.S. economy: surging inflation coupled with stagnant economic growth. The Merk Stagflation ETF would be passively managed and track an index of so-called “stagflation-sensitive” asset classes, according to a Securities and Exchange Commission filing Wednesday. If approved […]
Read More(Bloomberg) — In just a matter of weeks, $3.7 billion suddenly entered and then exited a BlackRock Inc. exchange-traded fund that barely had any day-to-day action over its 15 year life-span, leaving traders scratching their heads for clues as to what’s behind the move. On Jan. 25, after months of recording zero inflows, the iShares […]
Read MoreMany investors use fixed-income investments to balance risk and provide regular income. Some investors choose individual bonds, while others invest in bond mutual funds. A fixed-income ETF is another option that invests in a diversified pool of bonds at a lower cost. Let’s break down what a fixed-income ETF is, how it works, and how […]
Read MoreCopper exchange-traded funds (ETFs) are designed to track the price of copper, an industrial metal used in a wide variety of applications in manufacturing, electronics, and construction. Copper is considered a cyclical commodity whose price fluctuates in tandem with economic cycles, rising when the economy grows and falling when the economy slows. Due to its […]
Read More(Bloomberg) — A lifeless BlackRock Inc. ETF with barely any day-to-day inflows over the past 15 years just got a $3.7 billion allocation in one go. Launched in 2007, the iShares MSCI Kokusai exchange-traded fund (ticker TOK) has until now failed to generate much investor interest in its mission to bid up large and mid-cap […]
Read MoreDirexion Daily Dow Jones Internet Bear 3X Shares (WEBS) The Daily Dow Jones Internet Bear 3X Shares seek daily investment results, before fees and expenses, of 300% of the inverse (or opposite), of the performance of the Dow Jones Internet Composite Index. Energy Exploration & Production ETF (PXE) The Direxion Daily SP Biotech Bull and […]
Read More(Bloomberg) — BlackRock Inc. became the first public asset manager to hit $10 trillion in assets, propelled by a surge in fourth-quarter flows into its exchange-traded funds. Investors poured a net $104 billion into ETFs in the three months ended Dec. 31, the firm said Friday in a statement — a record for the company. […]
Read MoreThe Vanguard S&P 500 ETF (VOO) is a fund that invests in the stocks of some of the largest companies within the United States. Vanguard’s VOO is an exchange traded fund (ETF) that tracks the S&P 500 index by owning all of the equities within the S&P 500. An index is a hypothetical portfolio of […]
Read More