ETFs

Exchange-traded funds tracking the space industry have faced net outflows for the past two months in a row.

The SEC may soon require greater transparency of the diversity at asset managers; SMArtX adds 56 new strategies to its TAMP platform; and J.P. Morgan launches two new nontransparent active ETFs.

One of the biggest drivers of performance among the work-from-home funds over the past year has simply been timing.

While 2020 flows were aided as fixed income and commodities ETFs punched above their weight, 2021 flows have been driven by already record demand for equity ETFs.

In this week’s fund news, a new House bill would update restrictions on closed-end funds investing in private markets; advisor Ross Gerber launches an active ETF; and CoastalOne introduces an alternatives platform powered by WealthForge.

Exactly 50 years ago on July 1, Mac McQuown and his team of academics created the first-ever index fund -- an innovation that would take a sledgehammer to the money-management establishment and evolve into a more than $11 trillion industry.

The ESG portfolios are under the same pricing structure as First Ascent's other portfolios for advisors; a direct indexing offering is also in the works.

The AdvisorShares Gerber Kawasaki ETF is based on nine investment themes advisor Ross Gerber expects will outperform in the post-COVID economy.