A NOTE FROM BOB
The annual ETF awards show who will take place April 20th. I will be interviewing 2019's Lifetime Achievement winner, Reggie Browne of GTS, on the state of the markets and the ETF industry itself. By the way, nominees for lifetime achievement in ETFs for 2021 are Eric Balchunas (Bloomberg), Bruce Bond (Innovator), Matt Hougan (Bitwise), Burton Malkiel (Wealthfront), Jan van Eck (VanEck). I vote for all of the above.
Nice start! We had Jamie Wise, the founder of the VanEck Social Sentiment ETF (BUZZ), on ETF Edge two weeks ago, right after it started trading. It already has $500 million in assets under management. They pick stocks based on social sentiment reading and rebalance monthly.
The long-awaited bitcoin ETF is getting more real, with VanEck bitcoin ETF filing hitting SEC register on March 15th. They have 45 days to approve, deny, or extend. Maybe this time? My bet is they will extend it but ultimately approve in 2021. Several others, including WisdomTree ETFs have similar offers.
Money keeps pouring into ETFs. ETFGI reported record year to date net inflows of $33.80 billion into actively managed ETFs, much higher than the prior U.S. record of $12.47 billion set in February 2020.
There's about 200 ETF providers, but don't kid yourself: the big are getting bigger. About 90% of all the assets under management in ETFs are in just 5 companies: iShares 36.7%, Vanguard 28.5%, State Street, 15.4%, Invesco 5.4%, and Schwab 3.9%. Cathie Wood's Ark Investment? Just 0.9%
Speaking of Cathie Wood...Got questions on Cathie Wood and Ark Investments? You won't do better than this webinar hosted by Cathie and other Ark officials. It's about an hour but it is a very deep dive into Ark's investment philosophy and well worth it if you are considering investing.
Sports fans rejoice. Roundhill is launching MVP, the first ETF designed to invest in professional sports teams & leagues. Holdings include: NY Knicks & Rangers, Manchester United, Formula One, World Wrestling Entertainment, Adidas, Nike.
Target date retirement funds--which adjust the ownership of stocks vs. bonds as you get older--were a big innovation in the investment world. Check out this review of the best ones by Morningstar.
Wall Street is trying to figure out the impact of higher rates on stocks, but there's also another sector of intense investor interest...high yield bonds. Join us Monday on ETF Edge when we talk with Steve Laipply, U.S. Head of iShares Fixed Income ETFs, who runs the iShares High Yield ETF (HYG), the largest high yield fund in the world, Isaac Braley, President BTS Management, trades high yield ETFs for clients, and John Davi, CIO of Astoria Portfolio Advisors
For more analysis and actionable insights, catch me live on Mondays at 1 PM ET on ETF Edge. KEY STORIES
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