- A Prolific First Half for ETF Flows “Investors poured roughly $413 billion into US ETFs in the first half of 2024, their highest semiannual total since the back half of 2021. ETFs are on pace to blow past their annual inflows from 2023 ($583 billion) and 2022 ($591 billion). Chasing down the record $901 billion from 2021 will be a tougher task but remains well within reach.” (Morningstar)
- Bloomberg analyst calls July 18 ‘best guess’ for ETH ETF launch amidst S-1 amendments “Spot Ethereum (ETH) ETF applicants amended their registration statements as Bloomberg ETF analyst Eric Balchunas predicted a launch date. On July 8, Balchunas said his ‘best guess’ for the fund’s launch is July 18 but declined to make an over/under prediction as SEC plans remain unclear.” (CryptoSlate)
- Supreme Court Rulings Could Have Unintended Consequences for Industry “A rulemaking vacuum and compliance headaches are some of the unintended consequences that could arise after three recent rulings from the U.S. Supreme Court imperiled the SEC's regulatory agenda and opened the door for more legal challenges to new and existing rules, lawyers told FundFire.” (FundFire)
- ESG 401(k) Rule Case Sets Up Early Appellate Test Post-Chevron “Judge Matthew Kacsmaryk of the US District Court for the Northern District of Texas leaned heavily on the Chevron doctrine in his September decision that the US Labor Department acted within its authority in issuing the environmental, social, and corporate governance investing rule.” (Bloomberg Law)
- Index Investing as an Active Decision: Implications for Fixed Income Investors “The demand for passive bond investing continues to grow, which may be attributed to the evolution of the asset class and the investment style approach, which now offers far more for investors of all risk tolerances compared to a decade ago. However, it is important to understand the complexities and decisions that entail what it means to be passive in fixed income.” (Institutional Investor)
- Investors Vote No on Political ETFs “Blending politics with investing might look good on paper, but in practice the idea has been mostly a bust. Among the current crop of ETFs seeking to tap into political ideologies during this unprecedented election year, there are a few strong short-term performers, but inflows across the niche category have been weak.” (ETF.com)
- Are US Large-Growth Stocks as Unstoppable as They Seem? “Behavioral finance researchers have identified several cognitive errors that often cloud investors’ judgment. One of the most common is recency bias, or the tendency to place too much weight on the latest performance trends while giving short shrift to other factors, such as fundamentals, valuation, or long-term market averages.” (Morningstar)
- Defined Outcome ETFs Drive Active ETF Inflows “Surging inflows into actively managed ETFs has triggered a host of knee-jerk reactions pitting active against passive investing. While active will always have a place in asset management, a different category of active funds is driving the latest gains.” (ETF.com)
- Private Equity Gains Soar in 2024 - But Is It Right For You? “The duration of private equity can often be much longer duration than initially estimated. When a private equity deal is pitched to an individual, it is always accompanied by the most optimistic projections. The projections always include optimistic exit assumptions where the individual will receive an enormous windfall.” (Investing.com)
- CoinShares notes $441 million rebound in crypto investment inflows last week “Global crypto investment products at asset managers such as Ark Invest, Bitwise, BlackRock, Fidelity, Grayscale, ProShares and 21Shares registered net inflows totaling $441 million in the first week of July, marking a turnaround following three weeks of net outflows, according to CoinShares' latest report.” (The Block)
- How The Presidential Election Could Wreck Your Investment Portfolio “Election cycles have historically been characterized by more volatility; for example, the 2016 presidential election saw the Dow Jones Industrial Average drop nearly 800 points overnight and then rebound quite dramatically the next day. Likewise, the 2020 contest was rife with market volatility, mirroring the great uncertainty about the result.” (Forbes)
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