In this week's fund news, Keebeck Wealth Management brings Halo's structured products to clients; Putnam's first active ETFs go live; and CoinShares takes a stake in fund company launching first U.S. ESG crypto mining ETF.
Regulators have yet to approve a U.S. ETF, in part because of concerns on how a fund would be able to handle the token’s infamous volatility. But if Canada’s ETF is anything to go by, the concern might be misplaced.
The AI Powered Equity exchange-traded fund (AIEQ) has lagged its benchmark, the S&P 500 Total Return Index, by 9 percentage points since the end of March.
The rebalancing of MTUM's quant strategy will push the weighting of financial stocks to a third from less than 2% currently. The technology sector will slide to 17% from 40%.
In this week's fund news, Vanguard is bringing private equity to individual investors, an ETF based on Barney Frank's LGBTQ Index goes to market, and Wells Fargo is to become the latest to allow wealthy clients to access cryptos.
Morningstar's Ben Johnson, a member of the Inside ETFs advisory board, talks about the most underrated, high-impact development in ETFs, and the investor behavior driving the markets.
