Investors are on course to pull the most money out of technology-focused exchange-traded funds since May last year. More than $1.5 billion has exited so far in October.
In recent years, investors have flocked to low- and no-fee investments and providers. But there may be a downside for investors who focus only on fees when making investment decisions.
There are now about 80 ETFs that provide a defined outcome with downside protection and capped upside found in structured products, but with the tax and liquidity benefits of an ETF.
The $138 billion Invesco QQQ Trust Series 1changed its rules last week to state that the fund’s expiration date will now be tied to the “maturity, redemption, sale or other disposition” of its last security.
