In this week's fund news, OSAM's direct index platform Canvas adds four defensive and dividend-growth models, Cboe files to list Fidelity Bitcoin ETF, and ETF Managers Group lists a new cannabis ETF with U.S. exposure.
There should be substantial leverage to the upside in financials and energy when interest rates rise, writes ClearBridge's Michael Clarfeld.
Funds focused on metals and other commodities fared the best over the past year.
Since the beginning of May, about $154 million has been pulled from clean-energy ETFs.
The risk taking that marked the beginning of the year in the stock market may not have gone away, but rather turned its attention for the time being to a more lucrative venue.
The breed of exchange-traded fund targeting niche investment ideas from sports betting to artificial intelligence is on pace for its first month of outflows in more than a year.
New SEC Chair Gary Gensler's recent comments have thrown cold water on speculation that the SEC would quickly approve a Bitcoin exchange-traded fund.
