In this week’s fund news, meme stock GameStop creeps into the Russell 1000 index, the SEC punts a decision on a Bitcoin ETF yet again, and the House passes ESG disclosure legislation.
Demand is up across the board, from die-hard day traders piling into meme stocks, to exchange-traded funds and even once-cautious hedge funds now raising leverage to boost exposure.
The SEC said in a regulatory filing that it will seek more public comment on a proposal to list a product on Cboe Global Markets Inc.
Funds focused on the oil and gas industry performed the worst over the last five years.
While $1 trillion sounds like a vast amount, it would only equate to about 10% of the mutual fund world.