ETFs

With the pending addition of an approximate 1.5% weighting in Tesla, investors in ETFs such as SPY are being reminded that passive funds undergo regular changes. 

After lagging bond funds for most of 2020, ETFs tracking equities lured a record $81 billion last month, bringing their total haul for the year to $196 billion.

The central bank’s corporate-bond facilities may expire on Dec. 31, but their legacy will inform investor behavior for years to come.

Dimensional Funds released two actively-managed products, one focused on U.S. equities and the other on international stocks.

Resolute Investment Managers, which acquired a minority investment in Ark Investment Management in 2016, is attempting to purchase a controlling stake in the firm.

“A rotation away from tech, particularly if that’s combined with the traditional energy sector coming back into favor, could spell doom for ESG ETF performance.”

SPY has suffered net outflows of $2.84 billion in the past year.