ETFs

The good times in munis aren’t likely to last as the Fed’s push to boost interest rates will hamper future results, an expert says.

The sector historically has been “resilient to economic downturns,” ProShares wrote in the new fund’s prospectus.

The new factor-based products will extend the manager’s focus on data-driven investing.

The financial system is safer than it was 10 years ago, says John Taft, vice chairman of Baird. But there are still risks lurking unseen in areas like ETFs,

Advisors are planning to increase ETFs as a primary option, the firm finds. Plus, “the most exciting numbers in the survey.”

Disappointing revenue and profit forecasts from Amazon and Google-parent Alphabet helped push the Nasdaq further into a correction.

With the number of U.S. indexes far outstripping stocks, anxiety is mounting over whether the funds artificially inflate share prices, fueling bubbles.

The deluge into the retail-friendly vehicles comes as the S&P posted declines in 19 of 24 days since peaking in September

ESG ETFs currently hold a combined $6 billion in assets. The firm expects that will grow to $500 billion in the next decade.

Indexes typically tracked by the funds are often excessively allocated to Treasurys and mortgage-backed securities.

One VanEck fund had $574 million of outflows, the most since June and almost 40% of its assets.

The new fund is part of State Street’s larger plan to push into so-called thematics.

The fund culls data on more than 6,000 public companies each day before picking about 100 of them to own.

Small company stocks stumbled in the very recent past but have outperformed over the long term.

Those with outflows cost clients more than twice as much.

Some have piled into utilities and long-duration Treasury hedges, while others bulked up exposure to rate-sensitive banks and a chunk did a bit of both.

Outflows were offset by the firm’s iShares ETF business, which saw net inflows of $33.7 billion in the period.

The new unit seeks to provide investors with fund-of-fund solutions.

Data reported by the Investment Company Institute.

Investors flocked to ultra-short bond funds as few are willing to bet against persistent rising rates.