A NOTE FROM BOB
Active management activity is on the rise. Join us Wednesday, February 23 at 1 p.m. ET where we'll talk to Capital Group's head of ETFs Holly Framsted and ETF Trends' director of research Dave Nadig about the latest developments in active vs. passive and whether the tide could finally be turning. That's Wednesday at 1 p.m. ET at etfedge.cnbc.com
One man's junk, another man's ETF? Newcomer BondBloxx, which brands itself as "the first ETF issuer 100% focused on fixed income" and was founded by former executives from Goldman Sachs, BlackRock, T. Rowe Price, Northern Trust, HSBC and J.P. Morgan, just debuted its first suite of ETFs. It's a group of seven sector-specific high-yield funds in areas including energy, industrials, financials and telecom.
And that's not all… State Street and Fidelity are also capitalizing on higher interest in high yield with new active ETF launches, with State Street offering up a basket of junk bonds and other debt instruments and Fidelity screening its holdings for ESG characteristics.
The cheapest emerging markets ETF out there. (At least for a year.) Emerging markets exposure for free is the newest sales pitch from Goldman Sachs. Its newly launched Access Emerging Markets USD Bond ETF (GEMD) will cost 45 basis points to own, but the firm is offering a fee waiver to bring the cost to zero through February 2023.
If you haven't noticed by now, ETF launches are on fire. Fifty funds have already launched this year versus fewer than 40 at this point last year, according to Bloomberg – and 2021 made history for record new issuances. "Careful consideration"… but not much else. SEC Chair Gary Gensler is standing firm on the commission's position on spot bitcoin ETFs, telling advocates in Congress that he would take their concerns under "careful consideration" but hinting that he was no closer to approval. For more analysis and actionable insights, catch me live this Wednesday at 1 PM ET on ETF Edge. KEY STORIES
IN CASE YOU MISSED IT
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