The secular shift from mutual funds to ETFs, including through conversions, shows no signs of letting up in 2024, according to FINSUM. Asset managers that historically catered to institutions continue to roll out new products aimed at advisors...
Funds focused on clean energy were among those posting the worst returns over the last year.
The Inverse Cramer Tracker ETF (SJIM), a fund that aimed to short stocks recommended by the bombastic TV personality, managed to attract just $2.4 million in assets since its launch in March 2023.
The end of the low interest-rate era has coincided with both the public and corporate sectors pulling back on efforts to be virtuous.
The move by the world's largest asset manager reflects a "bullish view on the economy and a soft landing."
