Commission-based “load” mutual funds and the financial advisors who still sell them seem passé, like riding a horse and buggy to reach your investment goal instead of a zippy new exchange-traded fund. Yet there are excellent load funds run by top fund managers at big shops. Of the 10 largest mutual fund families, six have
Looking back at 2023, it’s clear that the stock market was dominated by tech — but not just by the tech sector in general. It was dominated by seven specific tech companies. The “Magnificent Seven” — Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla — made up 76% of the S&P 500’s gains last year.
Investors yanked a record $13 billion from U.S. sustainable funds in 2023, stung by mediocre performance and the continuing backlash against environmental, social, and governance investing. Last year was the worst calendar year for outflows since Morningstar started keeping track more than a decade ago. Steep outflows from one passive iShares ESG fund accounted for
Hong Kong is set to develop a more flexible regime for cryptocurrency exchange-traded funds (ETFs), even though the US leads in both approval speed and market size, experts said. A key difference between Hong Kong’s proposed rules for spot cryptocurrency ETFs and products approved in the US is that Hong Kong will allow both cash
Welcome back to “Ask an Advisor,” the advice column where real financial professionals answer questions from real people. The topic can be anything in the world of finance, from retirement to taxes to wealth management — or even advice on advising. Last week, after years of resistance, the SEC approved the spot bitcoin ETF. Specifically,
Shifting Supply Chains The idea: We like prospects for economic growth in Vietnam and the Philippines. We continue to see supply chains shift to Vietnam, and it will become a strategic manufacturing hub for everything from apparel to electronics, durables and increasingly automotive and electric vehicle value chains. It’s relatively large labor force is very
It is no surprise that Canadian ETF launches slowed to a halt for the month of December as most issuers concentrated activity in distribution announcements to close out the year. Based on the Scotia ETF EDGE reports from December 2 to December 29, spanning a four-week period, Canadian ETFs saw an inflow of $3.3 billion,
Bitcoin and other cryptocurrencies wavered Friday as volatile trading continued in the aftermath of the Securities and Exchange Commission’s approval of the first spot Bitcoin exchange-traded funds. The price of Bitcoin has shed 1% over the past 24 hours to $45,950, having notched gains in this period as high as near $48,600—around its best levels
Updated Jan 10, 2024, 04:46pm EST Topline The Securities and Exchange Commission announced Wednesday it greenlit the first spot bitcoin exchange-traded funds (ETF) in the U.S., a historic move for investors looking for exposure to the world’s largest digital asset. The SEC approved the first ever spot bitcoin ETFs. Copyright 2014 AP. All rights reserved.
Cryptocurrencies saw volatile trading Wednesday as traders awaited a decision from the Securities and Exchange Commission on whether to approve spot Bitcoin exchange-traded funds. Digital assets have been buoyed for months by ETF approval hopes, with anticipation reaching fever pitch after the agency’s social media account was breached on Tuesday and falsely posted that the