A NOTE FROM BOB
The tax wars have come to ETFs. Senate Finance Committee Chairman Ron Wyden has proposed a new tax on ETFs to help pay for the $3.5 trillion budget plan. The measure would stop investors from avoiding capital gains on so called "in kind" transactions, which allows traders to swap the underlying assets for another without producing capital gains. This is one of the primary tax advantages of ETFs. The ETF industry is fighting back. Join me Monday on ETF Edge with my guest Eric Pan, CEO of the Investment Company Institute, Ed Rosenberg, Sr VP, Head of ETFs, American Century Funds and Tom Lydon, ETF Trends. ETFedge.cnbc.com.
China investing: it ain't dead. BlackRock Inc. is prepping a new exchange-traded fund investing in China, just weeks after KraneShares CSI China Internet Fund (KWEB) surpassed Blackrock's iShares MSCI China ETF (MCHI) as the biggest China ETF, Bloomberg is reporting. What's it mean? The huge inflows into KWEB this year indicate there is a big pool of value investors who will move in when an asset class is sufficiently cheap, regardless of political risk.
For more analysis and actionable insights, catch me live on Mondays at 1 PM ET on ETF Edge. KEY STORIES
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Jumat, 24 September 2021
ETF Edge Newsletter
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