WisdomTree Investments Inc. agreed to buy ETF Securities’ $17.6 billion funds business in Europe, making it the ninth-largest ETF provider in the world.
VanEck’s MV Index Solutions unit is partnering with CryptoCompare to offer 12 single digital asset indexes, including for bitcoin and ether, and four indexes tracking baskets of five to 100 cryptocurrencies.
A new rule would likely be welcomed by much of the mutual fund industry, which often complains about the costs and how long it takes to get the agency’s sign-off.
Dennis Gartman says for investors, it’s a mistake to buy bonds now given the rising rate environment, and probably will be for the next 20 years. Sage Advisory Services Robert Smith thinks otherwise.
The AI behind the ETF was rigorously back-tested over 10 years of market moves to make sure it learned how to interpret data and make smart investments. Still, it won't be able to explain why it made its decisions.