A NOTE FROM BOB
Join us this coming Monday on ETF Edge when our guests will be Tom Lydon, CEO of ETF Trends and John Davi, Founder and CIO of Astoria Portfolio Advisors, to talk about the resurgence in reopening ETFs, powered by renewed flows into travel and leisure funds as the reopening narrative picks up steam. Airline ETFs like the U.S. Global Jets ETF (JETS), hotel and entertainment names like the AdvisorShares Hotel ETF (BEDZ) and the Invesco Dynamic Leisure and Entertainment ETF (PEJ) all led the charge higher this week. Even New York's Financial District, a ghost town two weeks ago, is starting to look more alive. Is it finally cyclicals' time to shine?
We will also talk about the power of healthy heart investing with Wendy Wong, Head of Sustainable Investment Partnerships at New York Life Investments. She'll give us the lowdown on IndexIQ's Healthy Hearts ETF in light of American Heart Month.
Anything with "inflation" in the title is selling. We noted last week that inflation is the latest hot button ETF phrase. Like cannabis, like bitcoin, like metaverse. The ETF community delivers what the public wants, and right now, it is an inflation story. Harbor Capital has partnered with subadvisor Quantix Commodities to launch the All-Weather Inflation Focus ETF (HGER), one of a string of inflation ETFs that has recently launched.
No hope for a bitcoin ETF, again. During a brief reporter scrum after an SEC meeting this week, SEC Chair Gary Gensler was asked about whether there was any chance he would approve a pure-play bitcoin ETF, which he has consistently declined to approve. He reiterated, "it is important to protect the public against fraud, manipulation and front running," implying he would continue to oppose a pure-play ETF. "The public is not getting the benefit of anti-fraud and anti-manipulation" around the crypto market that there is around the equities market, he said.
Maybe higher fees for thematic tech is starting to change. The Roundhill Ball Metaverse ETF (METV) cut its management fee to 0.59% from 0.75%. These thematic tech ETFs mostly charge in the 0.7% range, well below index ETFs. But competition is intense, not just in the metaverse play, but even in older thematic tech like cyber security, clean energy, gaming, robotics, or social media, and 2022 could be the year those higher cost plays see the same price wars indexers saw in 2019. For more analysis and actionable insights, catch me live this Wednesday at 1 PM ET on ETF Edge. |
KEY STORIES
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| Cannabis ETFs have made a double-digit comeback in recent weeks. What managers are saying | |||||
| The catalysts for cannabis stocks are adding up, with risk appetites returning and the SAFE Act back on the table in Congress, ETF managers say. | |||||
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| Mutual funds offer instant investment diversification — here's how they work | |||||
| Mutual funds pool money from investors to invest in a collection of companies. | |||||
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| 'Inflation narrative' has given rise to these specialty ETFs, market analyst says | |||||
| Commodity, dividend and risk-focused exchange-traded funds are gaining traction alongside concerns around inflation, ETF Action's Mike Akins says. | |||||
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