ETFs

Investors are trying to eliminate the cash drag in their portfolios, says Dan Suzuki, deputy CIO at Richard Bernstein.

More than 600,000 ounces of the precious metal have been added to ETFs since mid-May.

“Given the moment that we’re at in history with all of the threats to racial, gender and climate justice, it really felt like it was time to expand what we were doing.” Rachel Robasciotti says.

A range of factors have been cited for the clean-tech rally, including maturing wind and solar industries after a collapse in oil prices earlier this year.

Total fees for the top 10 gold ETFs, based on current prices and holdings, are about $610 million a year.

The ready-made strategies have been around for years, but in an era of fee wars and ETFs its popularity is exploding.

It’s the latest dramatic twist in the story of USO, which was at the center of the storm as crude prices plunged earlier this year.

Clients opened almost 1.2 million retail accounts, boosting flows to mutual funds and ETFs, the firm reports.

While the money held in delisted products is a fraction of the overall exchange-traded market, analysts warn those billions could be time bombs.

Fees for the category's best performing mutual funds and ETFs are much like the price of bullion: expensive.