ETFs disrupted mutual funds by offering something a little bit better. Now ETFs face disruption because direct indexing offers several new features that make them much better.
Oil funds have been on a tear so far this year. But as long as the U.S. keeps producing prodigious supplies of crude to keep up with higher demand, contango, where longer-term futures contracts are priced higher than the nearby spot price of oil...
A growing number of thematic ETFs are changing their identities before they even start trading to conform to a decades-old rule that dictates what issuers can and can’t call their strategies.
