A NOTE FROM BOB
A historic week, with big moves in ETFs. There was significant dislocation in equity markets last week on the Russian invasion of Ukraine, and ETFs were in the thick of it.
Join us Monday when our guests will be Matthew Bartolni, Head of SPDR Americas Research at State Street, Jan Van Eck, CEO of VanEck, and Todd Rosenbluth from CFRA Research. We will sort out where the money has been going into and out of and discuss how the Russian invasion of Ukraine may affect the Fed's decisions on inflation and interest rates. ETFedge.cnbc.com!
Wild week of trading in Russian ETFs. The $1.4 billion VanEck Russia ETF (RSX) had huge inflows on Tuesday, the most since June 2018. A bet on Russia? Maybe not. Much of the inflow may be around those seeking to create new shares for the purpose of shorting them. After dropping by 40% in the last few days, the RSX rallied on Friday.
What a week to launch a new ETF fund group. But Capital Group, which owns the American Funds, pulled it off. We had Holly Framsted, director of ETFs for Capital Group, on ETF Edge this week. They launched six actively traded ETFs on Thursday: Capital Group Growth ETF (CGGR), Capital Group Core Equity ETF (CGUS), Capital Group Dividend Value ETF (CGDV), Capital Group International Focus Equity ETF (CGXU), Capital Group Global Growth Equity ETF (CGGO), and Capital Group Core Plus Income ETF (CGCP).
You knew this was coming: ETFs that bet on single stocks, with leverage. Direxion is filing for ETFs that would offer leveraged bets (inverse, double the inverse, or double the gain ) on several tech companies, including Tesla and Meta.
For more analysis and actionable insights, catch me live this Wednesday at 1 PM ET on ETF Edge. |
KEY STORIES
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| Capital Group's first foray into exchange-traded funds won't be its last, its head of ETFs says | |||||
| The firm's first six exchange-traded funds are actively managed strategies designed to be core portfolio holdings, says Capital Group's Holly Framsted. | |||||
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| Watch now: ETF Edge on new active ETF launches and where the active vs. passive debate stands | |||||
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| These commodity ETFs can help hedge against geopolitical tensions, market analyst says | |||||
| Exchange-traded funds invested in oil and gold can help buffer portfolios against rising geopolitical risks, Astoria Advisors CEO John Davi says. | |||||
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