Not only are ETFs being enthusiastically deployed by discretionary managers of all stripes, they’re often designed in more active ways than their detractors would have you believe.
The investing approach favored by the Robinhood-powered cohort is in stark contrast to those systematic players who tend toward cheap equities and profitable companies.
Duquesne Family Office bought Airbnb Inc. and Marriott International Inc., while adding to its holdings of Expedia Group Inc. and Starbucks Corp., according to its latest 13F filing.
For longtime denizens of Wall Street, it’s perhaps of some relief that Gen Z Ivy Leaguers are as puzzled by the past 18 months in financial markets as they are.