With its current level of assets, GBTC would rank among the 30 largest U.S. ETFs and as the second-largest commodity ETF behind State Street’s SPDR Gold Shares fund (GLD), which has about $57 billion.
In this week’s fund news, Morningstar points to lax risk controls and personnel issues at Ark, CFRA acquires technical research shop Lowry, and Goldman will soon bring cryptos to private wealth clients.
Guinness Atkinson Funds announced it had converted two of its mutual funds into the SmartETFs Dividend Builder (DIVS) and SmartETFs Asia Pacific Dividend Builder (ADIV).
Twelve months after two American Century products became the first to launch in the U.S., the 24 funds now in existence have lured about $1 billion in flows.
In this week's fund news, SPDR’s head of research, Matthew Bartolini, uses the GME frenzy as a case study for ETFs’ effectiveness; the Mooch and Fidelity file for Bitcoin ETFs; and iShares and State Street slash ETF fees.
This week in fund news: Quant manager warns of the "disconnect" in sentiment investing, Wall Street warms to crypto, and Morningstar says ARK’s punching well above its weight.
In this week’s fund news, how Dave Portnoy used the indexer loophole to promote BUZZ, Driehaus loses its founder, and Morningstar doubles analyst coverage for model portfolios.
Until the industry adopts standard metrics for ESG investing, only customization and transparent communication and disclosures will help these strategies fulfill their promise to investors.