“We’re big meme lovers.”

One of the biggest drivers of performance among the work-from-home funds over the past year has simply been timing.

While 2020 flows were aided as fixed income and commodities ETFs punched above their weight, 2021 flows have been driven by already record demand for equity ETFs.

In this week’s fund news, a new House bill would update restrictions on closed-end funds investing in private markets; advisor Ross Gerber launches an active ETF; and CoastalOne introduces an alternatives platform powered by WealthForge.

Robinhood's public filing comes one day after it was a fined a record $70 million by FINRA.

Exactly 50 years ago on July 1, Mac McQuown and his team of academics created the first-ever index fund -- an innovation that would take a sledgehammer to the money-management establishment and evolve into a more than $11 trillion industry.