A NOTE FROM BOB
Congratulations to Cathie Wood, whose Ark Innovation ETF (ARKK) won the prize for ETF of the Year at the ETF.com awards show. Ark Invest, not surprisingly, was the ETF Issuer of the Year. Invesco and Nasdaq won the New ETF of the Year Award for the Invesco Nasdaq NextGen 100 ETF (QQQJ), known as the "Junior QQQ" because it has the largest 100-200 non-financial companies in the Nasdaq. Special congrats to my old friend Matt Hougan from Bitwise Asset Management who took home the Lifetime Achievement Award.
Just in time for the spring travel season ... more reopening ETFs. AdvisorShares launched a Hotel ETF (BEDZ) and a Restaurant ETF (EATZ). SonicShares also set to launch an Airlines, Hotels, Cruise Lines ETF.
I've written often about the SEC's policy goals under its new chief, Gary Gensler, who was sworn in a little more than a week ago. He's announced key positions, and it's clear by the choice of staff that ESG will indeed be a major policy concern. The new policy director, Heather Slavkin Corzo, was the Director of Capital Markets Policy at the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO).
Launching this week: the world's first green building ETF, the Invesco MSCI Green Building ETF (GBLD), to focus specifically on the entire green building ecosystem, including companies involved in every stage of construction, redevelopment, and retrofitting green-certified properties.
Be thankful you don't have access to hedge funds. That's the latest research note from my friend Larry Swedroe. His conclusion: "Hedge fund performance has deteriorated over the past 20 years as markets became more efficient and their trades become more crowded."
For more analysis and actionable insights, catch me live on Mondays at 1 PM ET on ETF Edge. KEY STORIES
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