Global X, which had 2021 net inflows of $21 billion, has become known for thematic ETFs, which have a long-term growth focus, are unconstrained by geographies and sectors, and are tied to relatable concepts that impact daily lives.
Funds focused on semiconductors and clean energy fared the best over the past three years.
The Direxion Breakfast Commodities Strategy exchange-traded fund will track an index focused on coffee, orange juice, wheat and lean-hog futures.
The app, wich will compete with the likes of Robinhood and Webull, will allow trading in listed stocks and exchange-traded funds.
Model portfolios -- off-the-shelf investment strategies often comprising bundles of ETFs -- are ridden with conflicts of interest, according to a trio of academics.