According to a new study, hundreds of strategies that showed significant outperformance in backtesting are failing to live up to their hype once they are packaged up and sold as exchange-traded funds.
Roughly $5.4 billion has exited from the $20 billion iShares Short Treasury Bond exchange-traded fund over 14 consecutive weeks of outflows, the longest streak on record for the fund.
Robasciotti’s new financial activism firm, Adasina Social Capital, believes it’s built a better mousetrap for impact investing, one driven by community-sourced data from on-the-ground organizations.
Fixed income ETFs continue to dominate inflows in 2020, pulling in half of the new money, despite representing just one-fifth of overall assets as investors have sought low-cost income with the 10-year Treasury yielding less than 1%.