ETFs

Growth, quality and low-volatility stock funds had one of their worst months of flows on record, while those tracking value had one of their best.

Funds focused on ESG factors added a record $6.2 billion in January amid the increasing odds that Biden’s energy policies will be enacted.

The skewed allocations “may significantly change fund performance and use case suitability until rebalance dates,” analysts say.

ETFs targeting the hottest investment themes have lost as much as 5% per year on a risk-adjusted basis between 2000 and 2019, research shows.

The fund has returned about 42% since its April 7 launch compared to an 8.9% gain for its benchmark over the same period.

The top 20 carried an average expense ratio of more than three times the broader industry.

The new fund, expected to begin trading next quarter, will carry an expense ratio of less than half the new actively managed offering.

The firm is the latest in a line of big money managers making a late entry into the $5.6 trillion ETF market.

Founder Nancy Davis says her recently converted long-only product reflects the direction of travel for the broader asset management industry.

The flood follows a strong Democratic showing in last week’s runoff elections in Georgia, which tipped the Senate’s control to President-elect Biden’s party.

The move is about “expanding access to high quality growth investing to non-accredited investors,” says Upholdings CEO Robert Cantwell.

The top 20 more than doubled the gains of their fixed-income industry peers.

The top 20 to debut last year by total assets include only three products from BlackRock and none from Vanguard or State Street.

VanEck’s proposal comes at a time when the cryptocurrency has continued to set record highs.

Time and again, they’ve seemingly held up during periods of market stress and proved the skeptics wrong.

Steady inflows showcase the buy-and-hold ethos of the typical Vanguard investor — financial advisors and wealth managers, an expert says.

The fund has absorbed $15.6 billion so far in 2020.

With an average gain of more than 108%, the lineup includes actively managed leaders with fees well above 100 basis points.

Net flows have slowed in 2020 at the fund giant as rivals continue to roll out similar products amid the rise of robo advisors and almost-free trading.

The top 20 outpaced the broader industry and had an average net expense ratio far below the 0.45% investors paid last year.