ETFs

While the quant firm will miss becoming the first to flip mutual funds to ETFs, its nearly $26 billion conversion will by far be the biggest.

Some familiar names top the list for these investors who kept about 35% of their brokerage assets in equities.

The move by Guinness Atkinson is likely to be just a start — quant giant DFA is already next in line to make a similar change to its product line.

Spooked by rising bond yields, traders punished the pricier parts of the equity market last week, including many of the fund's top holdings.

Just one of the leading 20 mutual funds and exchange-traded products eked out a gain this past decade.

The fund is joining a minority group in the $5.9 trillion ETF universe.

Trading patterns suggest organic flows from investors keen to access the firm’s strategies at a relatively low price

The strategy has become the least-loved of the smart beta universe after failing to protect against market swings last year.

Activity in the fund is surging, with trading volume jumping to more than three times the one-year average.

Funds at the top have notched triple digit returns in the last year.

Lenders have issued about 50 structured products tied to Ark’s ETFs in the past three months, according to SEC filings.

The 20 categories with the biggest gains are home to nearly $10 trillion in combined assets.

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.