ETFs

ETFs tracking robotics and AI have pulled in roughly $105 million in March, while other thematic strategies like clean energy, electric cars and cloud computing all saw outflows.

Assets in SCHI have surged more than ten-fold from the end of last week, racking up the largest inflows among US ETFs tracked by Bloomberg over that period. 

Thematic ETFs that launched to target the buzziest market themes of the past two years are closing at a rapid pace, as rising interest rates hammer performance and send investors in search of safer options.

Assets in Schwab 5-10 Year Corporate Bond ETF (ticker SCHI) swelled to a record $2.33 billion on Monday from around $356 million previously.

The sudden $4 billion outflow from BlackRock shows how concentration risk is making a bad situation worse for sustainable investment.

As UBS takes control of Credit Suisse’s assets, the fate of its remaining 12 ETNs with $700 million in assets is unknown.

Actively managed fixed-income ETFs stumbled last year and only 40% are beating their benchmarks in 2023.

The rise of trading in derivatives contracts that expire within 24 hours is disrupting the daily motions of the US equity market.