The wealth management Industry has a lot of work to do to reach the next generation of investors, Riskalyze adds to its C-suite and the first hedged single-stock ETF launches.

Wood’s popularity has sparked a global ecosystem of funds attempting to mimic ARK, with 24 exchange-traded products tied to the performance of an ARK strategy. 

Advisors say single-stock ETFs are more appropriate for short-term institutional traders who understand the inherent risks, not for retail clients.

"Complex" ETFs are a fast-growing corner of the $6.4 trillion industry.

The RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) launched last week, investing in so-called special purpose acquisition companies before they merge with their targets.

ETF fund issuers saw filings drop in half after Russia's invasion of Ukraine roiled markets, essentially finishing the first half flat.