The KraneShares CSI China Internet Fund (KWEB) added $181 million of new cash on Tuesday, making it larger than the $6.1 billion iShares MSCI China ETF (MCHI).
Valkryie Investments sought regulatory permission for a futures-based fund two months ago, likely the first company to do so before an onslaught by others following positive comments on the structure by the SEC.
Not only are ETFs being enthusiastically deployed by discretionary managers of all stripes, they’re often designed in more active ways than their detractors would have you believe.
The Invesco S&P 500 Low Volatility ETF (SPLV) rebalanced in August to add more weight to utilities and real estate, while lowering its reliance on consumer staples and the financial sector.
In this week's fund news, a new Morningstar report shows investors are more likely to allocate to funds based on diversity data; Wave Financial Group launches an NFT fund; and Wells Fargo, JP Morgan bring Bitcoin funds to wealthy clients.
The investing approach favored by the Robinhood-powered cohort is in stark contrast to those systematic players who tend toward cheap equities and profitable companies.
