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May 7, 2021

ETF

Global equity funds see big weekly inflows on recovery hopes – Lipper

Reuters
Global equity funds attracted massive inflows of investments in the week ending on May 5, boosted by strong corporate earnings and rising hopes of a faster global economic recovery. According to Refinitiv Lipper data, global equity funds attracted $12.9 billion worth of inflows, the highest amount in three weeks. Cyclical......

Cathie Wood’s Ark Innovation ETF is down 10% this week, nearing new low for the year

CNBC
CNBC – For more and to sign up click here Star fund manager Cathie Wood’s flagship fund is getting hit this week and seeing big investor outflows amid a sell-off. Shares of Ark Innovation are down another 3% on Thursday, bringing its weekly losses to nearly 10%. The “disruptive innovation”......

Cathie Wood’s ARK Innovation ETF drops more than 3% amid tech sell-off, off almost 30% from high

CNBC
CNBC – For more and to sign up click here Cathie Wood, chief executive officer and chief investment officer of ARK Investment Management LLC, speaks during the Sooner Than You Think conference in the Brooklyn borough of New York on Tuesday, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty......

We’re closer to a bitcoin ETF, ‘but we’re not all the way there yet,’ market analyst says

CNBC
CNBC – For more and to sign up click here Bitcoin-based exchange-traded funds are closer than ever to becoming a reality, but approval is still a ways away, one market analyst says. The Securities and Exchange Commission is currently reviewing VanEck’s second proposal for a bitcoin ETF. Officials now have......

Amplify to launch ‘clean living’ ETF for new-age sensibilities: CEO

CNBC
CNBC – For more and to sign up click here The clean living craze isn’t stopping at corporate America. The trend has now seeped into the exchange-traded fund market, where Amplify ETFs — the firm behind popular thematic funds such as the Amplify Seymour Cannabis ETF (CNBS) and the Amplify......

ARK buys another $64 mln in Coinbase shares, sells $99.5 mln of Tesla shares

Reuters
Employees of Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, watch as their listing is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021. REUTERS/Shannon Stapleton/File Photo Cathie Wood’s ARK funds bought more shares of cryptocurrency exchange Coinbase Global Inc (COIN.O) on Friday......

One ETF analyst’s word of caution for investors piling into Ark’s Space Exploration fund

CNBC
CNBC – For more and to sign up click here Space is the place, and Ark Invest is moving in. The investment firm led by Cathie Wood has seen over half a billion dollars flow into the Space Exploration and Innovation ETF (ARKX) it launched on March 30, with some......

Not just ‘finding the next meme stock’: Moonshot Innovators ETF manager breaks down fund’s strategy

CNBC
CNBC – For more and to sign up click here Innovation is a hot commodity in today’s market. Direxion bet big on that idea last November when it launched its Moonshot Innovators ETF (MOON), a fund that aims to give investors “exposure to the 50 most innovative US companies,” according......

Cramer says there’s no reason for Ark’s new space ETF to exist

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer said Tuesday he was skeptical about the latest exchange-traded fund launched by Cathie Wood’s Ark Invest. “One look at the newly launched ARK Space Exploration ETF tells you everything you need to know about how managers can’t......

Ark Invest’s space exploration ETF ARKX begins trading today, slips 1%

CNBC
CNBC – For more and to sign up click here Trading in the new space exploration ETF from Ark Invest began on Tuesday, as Cathie Wood’s firm looks to tap the growing space industry. “Space is already an invisible backbone to our economy and we think that’s only going to......

Cathie Wood’s ARK Invest launches a space exploration ETF, to begin trading Tuesday

CNBC
CNBC – For more and to sign up click here Virgin Galactic pilots walk to the company’s SpaceShipTwo Unity spacecraft, attached to the jet carrier aircraft Eve. Virgin Galactic Ark Invest, Cathie Wood’s firm with multiple actively managed exchanged-traded funds, will debut its latest fund on Tuesday: a space exploration......

Fidelity wants to launch a bitcoin ETF: CNBC After Hours

CNBC
CNBC – For more and to sign up click here CNBC.com’s MacKenzie Sigalos brings you the day’s top business news headlines. On today’s show, Kate Rooney breaks down investment giant Fidelity’s plans to launch a bitcoin ETF. Plus, Hugh Son walks through the debate on Wall Street’s treatment of junior......

Fidelity to launch bitcoin ETF as investment giant builds its digital asset business

CNBC
CNBC – For more and to sign up click here A Fidelity Investments location in New York. Scott Mlyn | CNBC Fidelity Investments is preparing to launch its own bitcoin fund as the investment giant works to cement its clout in the market for digital assets and virtual currency. FD......

Cannabis, clean energy and commodities: ETF themes to watch as 2021’s first quarter comes to a close

CNBC
CNBC – For more and to sign up click here With U.S. exchange-traded funds approaching $6 trillion in assets under management, several key areas are worth watching, says Old Mission’s Harry Whitton. Source – Click here for more To Return to the Main Aggregate News Page – click here...

‘Buzz’ ETF tracking social media sentiment launches Thursday amid Reddit manias in stocks

CNBC
CNBC – For more and to sign up click here The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images Is it time for an ETF that measures hype? Measuring the buzz around stocks mentioned in social media......

Private companies such as SpaceX are driving costs down for everyone in the space race, says man behind UFO ETF

CNBC
CNBC – For more and to sign up click here Private space companies are paving the industry’s path to profits, says the man behind the Procure Space ETF (UFO). By taking part in the rapidly developing “space race,” billionaire-backed entities such as Elon Musk’s SpaceX and Jeff Bezos’s Blue Origin......

Ark Invest’s Cathie Wood on bitcoin ETF prospects and Tesla’s billion-dollar investment

CNBC
CNBC – For more and to sign up click here Bitcoin’s long-term outlook is brightening, according to Ark Invest’s Cathie Wood. The CEO and chief investment officer of the explosively popular active management firm told CNBC this week that the cryptocurrency’s catalysts are adding up as it soars to unprecedented......

BOJ’s Kuroda says stock boom reflects economic optimism, defends ETF scheme

Reuters
FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan June 20, 2019. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Tuesday the recent stock price rally reflected market optimism over the global economic outlook,......

Another SPAC ETF hits the market. CEO behind the launch says the fund has ‘edge’ over its rivals

CNBC
CNBC – For more and to sign up click here The ETF industry is embracing SPACs with open arms. The third exchange-traded fund based on special purpose acquisition vehicles launches Tuesday. Created by Morgan Creek Capital Management and Exos Financial, the Morgan Creek-Exos SPAC Originated ETF will trade under the......

‘I don’t see anything on the horizon that can stop the growth of the ETF market,’ Invesco official says. Here are her 2021 predictions

CNBC
CNBC – For more and to sign up click here After a record year in 2020, the exchange-traded fund space is set to continue its rapid growth, Invesco says. The industry’s ability to accrue over $500 billion in new assets last year “proves a couple of things,” Anna Paglia, the......

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