Your weekly update on top ETF trends
 | FRI, DEC 02, 2022 | | | |
| | | YOUR WEEKLY UPDATE ON TOP ETF TRENDS | | | | |
It's been a rough year and a lot of investors have had losses, particularly in technology stocks and funds. Tax loss harvesting allows investors to sell securities at a loss and offset those losses against capital gains taxes on other securities. Join us on ETF Edge this Monday at 1 PM ET when our guests will be D.J. Tierney, Senior Portfolio Strategist at Schwab Asset Management Solutions, and Dave Nadig, Financial Futurist at VettaFi. ETFedge.cnbc.com. We had Brendan Ahern on ETF Edge last Monday, and that was a timely interview. His Kraneshares China ETF (KWEB) had a monster week, up 24%, as investors begin betting on China reopening. Still a lot of interest in electric vehicles and the components that go into them. ProShares has just launched a Global Core Battery Metals ETF (ION), the first ETF to invest only in companies mining battery metals, the raw metals needed to power the batteries used in electric vehicles, laptops, and smartphones. It tracks the S&P Global Core Battery Metals Index, which is currently made up of 41 companies in more than 15 countries, including Australia, Indonesia, South Africa, and China. Fidelity is converting mutual funds into ETFs. They will turn six disruptive technology mutual funds into ETFs, and lower the cost by 50 basis points in the process. We often talk about the diversity in the ETF business —3,000 ETFs and 300 providers. But Eric Balchunas at Bloomberg points out that the market share of the 5 biggest ETF issuers combined account for nearly 90% of the $6.4 trillion in ETF assets...and Vanguard is a monster that keeps hoovering up assets. |
For more analysis and actionable insights, catch me live this Monday at 1 PM ET on ETF Edge. |
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