ECONOMIC SILUET: ETF Edge Newsletter

Jumat, 21 Agustus 2020

ETF Edge Newsletter

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FRI, AUG 21, 2020

YOUR WEEKLY UPDATE ON TOP ETF TRENDS

A NOTE FROM BOB

Thematic ETFs, IPOs, and what to do about yield. Join me and Christian Magoon from Amplify, John Davi from Astoria Portfolio Advisors and Kathleen Smith from Renaissance Capital as we tackle the big ETF issues on ETFedge.cnbc.com, 1 PM ET this Monday.

Airbnb says it wants to go public soon--is this the right time? Current valuation for the firm is about 40% below what it was last year--but most travel and leisure stocks are trading down 40%-60% or more. Kathleen Smith, who runs the Renaissance Capital IPO ETF (IPO), one of the top performing ETFs this year, joins us for a rundown of what to expect from IPOs for the rest of the year.

What to do about yield? Many bond ETFs are now throwing off yields in the 1%-2% range. Are there other alternatives? Amplify's Christian Magoon discusses his Amplify High Income ETF (YYY), which tracks an index of US-listed closed-end funds.

Theme ETFs are winners this year. First it was bitcoin. Then pot. Then technology. Thematic ETFs--those based around a particular investment theme--are hot. Whether its Work From Home (WFH) or Robotics (BOTZ) or Solar (TAN) or Internet of Things (SNSR) or Video Games (GAMR) or Social Media (SOCL) or Online Retail (ONLN) or even Lithium & Batteries (LIT), assets under management have been rising this year.

The USO Oil Fund (USO) is being investigated by the SEC. On August 19th, the fund received a Wells Notice--a letter saying the SEC was planning an enforcement action. The Fund, which invests in oil futures, is being probed over whether the risks of owning the fund were adequately disclosed and about its rapid-fire changes in its investment portfolio at that time, after near-month oil futures turned negative in April. USO's managers deny any wrongdoing.

For more analysis and actionable insights, catch me live on Mondays at 1 PM ET on ETF Edge.