President Biden said climate change is one of the biggest threats to the world, and SEC chief Gary Gensler seems to agree with him. Gensler has several new rulemaking proposals on climate change and board diversity he is seeking to adopt this year, and Republicans will be pushing back. On Tuesday, the House Financial Services Committee will hold a hearing to examine the SEC's priorities for 2023, and the SEC's Environmental Social and Governance (ESG) agenda is likely to be a major topic. The ETF community is heavily invested in ESG and will be watching closely. Join us Monday on ETF Edge at 1:10 PM ET when your guests will be Dave Nadig, financial futurist at VettaFi, and Arne Noack, Head of Systemic Investment Solutions for the Americas for DWS, a major ESG provider.
Sticking with the big banks. A few weeks ago we had Dave Mazza, Chief Strategy Officer at Roundhill Investments, on ETF Edge to talk about his brand-new Roundhill Big Bank ETF (BIGB), a basket of the six largest banks. Staying with the "Big" idea, Mazza is now launching the Roundhill BIG Tech ETF (BIGT), consisting of the largest and most influential U.S. technology companies-- Facebook, Amazon, Apple, Microsoft, and Google. More to come, including the Roundhill Big Airlines ETF (BIGA) and the Roundhill Big Defense ETF (BIGD).
Capital Group expands ETF lineup, including two new international funds.
Investors are jumping back into bank ETFs ahead of earnings season.
This ETF with a yield of almost 10% faces big earnings tests this week.
WisdomTree faces revolt by largest shareholder.
Flows into ETFs treble in March as investors seek safety.
Thematic tech keeps rolling. You'd think that the interest in thematic tech, which was wildly popular five or six years ago, would have been exhausted, but there's still new issues coming. VanEck launched the VanEck Robotics ETF (IBOT), a thematic equity ETF offering exposure to the leading global companies that are driving and benefiting from the growth of the robotics industry. It helps that Technology and Communication Services are the two big sector gainers this year.
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