After a tepid start to 2023, nearly $102 billion has flowed into equity exchange-traded funds so far this year, compared to $93 billion for fixed-income ETFs.
Fresh off its SEC registration approval, Ategenos, launched by former Brinker Capital executives in May, has also gone live with its new discretionary investment management portfolios.
The current mood is reminiscent of the early days of the tech bubble that burst in 2000 and wiped more than 70% off the Nasdaq, according to TAM's James Penny.